PJ Build: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PJ Build
Largest movements
- Receivables within one year -€85,172
down €85,172 (-81.0%), from €105,146 to €19,974
of which Other amounts receivable: -€66,676
- Receivables after one year +€50,000
new in 2025: €50,000
- Deferred charges and accrued income -€4,608
no longer reported in 2025 (was €4,608)
- Tangible fixed assets -€2,531
down €2,531 (-31.5%), from €8,041 to €5,510
- Cash +€2,210
new in 2025: €2,210
mainly Receivables within one year (+€85,172) and Net result for the year (+€18,085)
- Debts after one year -€26,059
down €26,059 (-78.9%), from €33,012 to €6,953
- Reserves -€25,017
no longer reported in 2025 (was €25,017)
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Short-term financial debts -€10,504
no longer reported in 2025 (was €10,504)
- Trade debts +€7,173
up €7,173 (+20.7%), from €34,712 to €41,886
- Gross operating margin +€22,689
up €22,689 (+279%), from €8,129 to €30,818
- Taxes +€5,855
up €5,855 (+295%), from €1,988 to €7,842
- Financial income -€2,518
down €2,518 (-62.6%), from €4,023 to €1,504
- Financial charges +€410
up €410 (+14.0%), from €2,935 to €3,345
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,109 | €85,008 | -€38,101 | -30.9% |
| Fixed assets | 21/28 | €10,355 | €7,824 | -€2,531 | -24.4% |
| Tangible fixed assets | 22/27 | €8,041 | €5,510 | -€2,531 | -31.5% |
| Furniture and vehicles | 24 | €8,041 | €5,510 | -€2,531 | -31.5% |
| Financial fixed assets | 28 | €2,314 | €2,314 | = | 0.0% |
| Current assets | 29/58 | €112,754 | €77,184 | -€35,570 | -31.5% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Stocks | 30/36 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €105,146 | €19,974 | -€85,172 | -81.0% |
| Trade receivables | 40 | €21,278 | €2,782 | -€18,496 | -86.9% |
| Other amounts receivable | 41 | €83,868 | €17,192 | -€66,676 | -79.5% |
| Cash at bank and in hand | 54/58 | - | €2,210 | +€2,210 | |
| Deferred charges and accrued income | 490/1 | €4,608 | - | -€4,608 | |
| Total equity and liabilities | 10/49 | €123,109 | €85,008 | -€38,101 | -30.9% |
| Equity | 10/15 | €31,260 | €18,600 | -€12,660 | -40.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €25,017 | - | -€25,017 | |
| Distributable reserves | 133 | €25,017 | - | -€25,017 | |
| Profit (loss) carried forward | 14 | €42 | - | -€42 | |
| Amounts payable | 17/49 | €91,849 | €66,408 | -€25,442 | -27.7% |
| Amounts payable after more than one year | 17 | €33,012 | €6,953 | -€26,059 | -78.9% |
| Financial debts | 170/4 | €33,012 | €6,953 | -€26,059 | -78.9% |
| Amounts payable within one year | 42/48 | €58,837 | €59,455 | +€617 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €2,745 | €3,826 | +€1,080 | +39.4% |
| Financial debts | 43 | €10,504 | - | -€10,504 | |
| Credit institutions | 430/8 | €10,504 | - | -€10,504 | |
| Trade debts | 44 | €34,712 | €41,886 | +€7,173 | +20.7% |
| Suppliers | 440/4 | €34,712 | €41,886 | +€7,173 | +20.7% |
| Taxes, remuneration and social security | 45 | €10,876 | €13,743 | +€2,867 | +26.4% |
| Taxes | 450/3 | €10,876 | €13,743 | +€2,867 | +26.4% |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,737 | €2,531 | -€206 | -7.5% |
| Other operating charges | 640/8 | €607 | €508 | -€99 | -16.3% |
| Gross operating margin | 9900 | €8,129 | €30,818 | +€22,689 | +279% |
| Operating profit (loss) | 9901 | €4,785 | €27,768 | +€22,983 | +480% |
| Financial income | 75/76B | €4,023 | €1,504 | -€2,518 | -62.6% |
| Recurring financial income | 75 | €4,023 | €1,504 | -€2,518 | -62.6% |
| Financial charges | 65/66B | €2,935 | €3,345 | +€410 | +14.0% |
| Recurring financial charges | 65 | €2,935 | €3,345 | +€410 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €5,873 | €25,927 | +€20,054 | +341% |
| Income taxes | 67/77 | €1,988 | €7,842 | +€5,855 | +295% |
| Profit (loss) for the period | 9904 | €3,886 | €18,085 | +€14,200 | +365% |
| Profit (loss) for the period to be appropriated | 9905 | €3,886 | €18,085 | +€14,200 | +365% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.