PJFM CONSTRUCT: 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.
PJFM CONSTRUCT
Largest movements
- Tangible fixed assets -€4,486
down €4,486 (-46.9%), from €9,562 to €5,076
- Cash -€3,071
down €3,071 (-50.6%), from €6,074 to €3,004
mainly Debts after one year (-€3,726) and Net result for the year (-€1,377)
- Receivables within one year +€1,291
up €1,291 (+17.0%), from €7,613 to €8,905
of which Trade receivables: +€1,816
- Deferred charges and accrued income +€791
up €791 (+28.4%), from €2,790 to €3,581
- Debts after one year -€3,726
down €3,726 (-51.0%), from €7,311 to €3,585
- Profit (loss) carried forward -€1,377
down €1,377, from €115 to -€1,261
- Other debts -€1,027
down €1,027 (-89.2%), from €1,152 to €124
- Tax, wage and social debts -€806
down €806 (-18.6%), from €4,331 to €3,526
of which Taxes: -€806
- Trade debts +€750
up €750 (+57.9%), from €1,296 to €2,046
- Gross operating margin -€3,013
down €3,013 (-34.4%), from €8,749 to €5,736
- Taxes -€614
down €614 (-72.2%), from €851 to €237
- Other operating charges -€553
down €553 (-35.9%), from €1,541 to €988
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 | €26,039 | €20,565 | -€5,474 | -21.0% |
| Fixed assets | 21/28 | €9,562 | €5,076 | -€4,486 | -46.9% |
| Tangible fixed assets | 22/27 | €9,562 | €5,076 | -€4,486 | -46.9% |
| Leasing and similar rights | 25 | €9,562 | €5,076 | -€4,486 | -46.9% |
| Current assets | 29/58 | €16,478 | €15,489 | -€989 | -6.0% |
| Amounts receivable within one year | 40/41 | €7,613 | €8,905 | +€1,291 | +17.0% |
| Trade receivables | 40 | €6,279 | €8,096 | +€1,816 | +28.9% |
| Other amounts receivable | 41 | €1,334 | €809 | -€525 | -39.4% |
| Cash at bank and in hand | 54/58 | €6,074 | €3,004 | -€3,071 | -50.6% |
| Deferred charges and accrued income | 490/1 | €2,790 | €3,581 | +€791 | +28.4% |
| Total equity and liabilities | 10/49 | €26,039 | €20,565 | -€5,474 | -21.0% |
| Equity | 10/15 | €6,815 | €5,439 | -€1,377 | -20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Distributable reserves | 133 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | -€1,261 | -€1,377 | |
| Amounts payable | 17/49 | €19,224 | €15,126 | -€4,098 | -21.3% |
| Amounts payable after more than one year | 17 | €7,311 | €3,585 | -€3,726 | -51.0% |
| Financial debts | 170/4 | €7,311 | €3,585 | -€3,726 | -51.0% |
| Amounts payable within one year | 42/48 | €11,914 | €11,142 | -€772 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €3,511 | €3,726 | +€215 | +6.1% |
| Financial debts | 43 | €1,624 | €1,720 | +€96 | +5.9% |
| Credit institutions | 430/8 | €1,624 | €1,720 | +€96 | +5.9% |
| Trade debts | 44 | €1,296 | €2,046 | +€750 | +57.9% |
| Suppliers | 440/4 | €1,296 | €2,046 | +€750 | +57.9% |
| Taxes, remuneration and social security | 45 | €4,331 | €3,526 | -€806 | -18.6% |
| Taxes | 450/3 | €2,431 | €1,626 | -€806 | -33.1% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €1,152 | €124 | -€1,027 | -89.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,486 | €4,486 | = | 0.0% |
| Other operating charges | 640/8 | €1,541 | €988 | -€553 | -35.9% |
| Gross operating margin | 9900 | €8,749 | €5,736 | -€3,013 | -34.4% |
| Operating profit (loss) | 9901 | €2,722 | €261 | -€2,461 | -90.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,440 | €1,401 | -€39 | -2.7% |
| Recurring financial charges | 65 | €1,440 | €1,401 | -€39 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,282 | -€1,140 | -€2,422 | |
| Income taxes | 67/77 | €851 | €237 | -€614 | -72.2% |
| Profit (loss) for the period | 9904 | €431 | -€1,377 | -€1,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €431 | -€1,377 | -€1,808 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.