PJF CONSTRUCT: what changed
Two fiscal 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.
PJF CONSTRUCT
Largest movements
- Receivables within one year -€61,864
down €61,864 (-34.5%), from €179,112 to €117,248
of which Other amounts receivable: -€33,436
- Cash -€6,496
down €6,496 (-11.0%), from €59,283 to €52,787
mainly Investment in fixed assets (net) (-€27,249) and Tax, wage and social debts (-€23,165)
- Deferred charges and accrued income -€4,927
no longer reported in 2025 (was €4,927)
- Tax, wage and social debts -€23,165
down €23,165 (-58.7%), from €39,466 to €16,301
- Profit (loss) carried forward -€17,622
down €17,622 (-12.5%), from €141,135 to €123,513
- Other debts -€16,000
no longer reported in 2025 (was €16,000)
- Debts after one year -€11,005
down €11,005 (-39.8%), from €27,647 to €16,642
- Trade debts -€6,793
down €6,793 (-19.4%), from €35,042 to €28,249
- Gross operating margin -€155,356
down €155,356 (-90.0%), from €172,712 to €17,356
- Taxes -€40,772
down €40,772, from €39,683 to -€1,089
- Other operating charges -€5,699
down €5,699 (-45.3%), from €12,575 to €6,876
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.
Cash bridge derived
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 | €306,784 | €231,684 | -€75,100 | -24.5% |
| Fixed assets | 21/28 | €63,462 | €61,649 | -€1,813 | -2.9% |
| Tangible fixed assets | 22/27 | €60,387 | €58,337 | -€2,050 | -3.4% |
| Furniture and vehicles | 24 | €12,873 | €27,351 | +€14,478 | +112.5% |
| Leasing and similar rights | 25 | €47,514 | €30,986 | -€16,528 | -34.8% |
| Financial fixed assets | 28 | €3,075 | €3,312 | +€237 | +7.7% |
| Current assets | 29/58 | €243,322 | €170,035 | -€73,287 | -30.1% |
| Amounts receivable within one year | 40/41 | €179,112 | €117,248 | -€61,864 | -34.5% |
| Trade receivables | 40 | €129,874 | €101,446 | -€28,428 | -21.9% |
| Other amounts receivable | 41 | €49,238 | €15,802 | -€33,436 | -67.9% |
| Cash at bank and in hand | 54/58 | €59,283 | €52,787 | -€6,496 | -11.0% |
| Deferred charges and accrued income | 490/1 | €4,927 | - | -€4,927 | |
| Total equity and liabilities | 10/49 | €306,784 | €231,684 | -€75,100 | -24.5% |
| Equity | 10/15 | €177,940 | €160,318 | -€17,622 | -9.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,805 | €16,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €14,805 | €14,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,135 | €123,513 | -€17,622 | -12.5% |
| Amounts payable | 17/49 | €128,844 | €71,366 | -€57,478 | -44.6% |
| Amounts payable after more than one year | 17 | €27,647 | €16,642 | -€11,005 | -39.8% |
| Financial debts | 170/4 | €27,647 | €16,642 | -€11,005 | -39.8% |
| Amounts payable within one year | 42/48 | €101,197 | €54,724 | -€46,473 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €10,689 | €10,174 | -€515 | -4.8% |
| Trade debts | 44 | €35,042 | €28,249 | -€6,793 | -19.4% |
| Suppliers | 440/4 | €35,042 | €28,249 | -€6,793 | -19.4% |
| Taxes, remuneration and social security | 45 | €39,466 | €16,301 | -€23,165 | -58.7% |
| Taxes | 450/3 | €39,466 | €16,301 | -€23,165 | -58.7% |
| Other amounts payable | 47/48 | €16,000 | - | -€16,000 | |
| Non-recurring operating income | 76A | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,487 | €29,062 | +€1,575 | +5.7% |
| Other operating charges | 640/8 | €12,575 | €6,876 | -€5,699 | -45.3% |
| Gross operating margin | 9900 | €172,712 | €17,356 | -€155,356 | -90.0% |
| Operating profit (loss) | 9901 | €132,650 | -€18,582 | -€151,232 | |
| Financial income | 75/76B | €2,876 | €1,496 | -€1,380 | -48.0% |
| Recurring financial income | 75 | €2,876 | €1,496 | -€1,380 | -48.0% |
| Financial charges | 65/66B | €2,456 | €1,625 | -€831 | -33.8% |
| Recurring financial charges | 65 | €2,456 | €1,625 | -€831 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €133,070 | -€18,711 | -€151,781 | |
| Income taxes | 67/77 | €39,683 | -€1,089 | -€40,772 | |
| Profit (loss) for the period | 9904 | €93,387 | -€17,622 | -€111,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,387 | -€17,622 | -€111,009 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.