PJV 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.
PJV Construct
Largest movements
- Receivables within one year -€7,221
down €7,221 (-12.0%), from €60,263 to €53,042
of which Trade receivables: -€10,289
- Cash +€5,506
up €5,506 (+119952.7%), from €5 to €5,510
mainly Receivables within one year (+€7,221) and Deferred charges and accrued income (+€4,854)
- Deferred charges and accrued income -€4,854
down €4,854 (-51.3%), from €9,454 to €4,600
- Trade debts -€4,301
down €4,301 (-41.2%), from €10,433 to €6,132
- Tax, wage and social debts -€3,263
down €3,263 (-61.6%), from €5,294 to €2,031
- Short-term financial debts +€1,579
up €1,579 (+30.0%), from €5,261 to €6,840
- Accrued charges and deferred income -€900
down €900 (-26.1%), from €3,450 to €2,550
- Reserves +€793
up €793 (+2.7%), from €28,965 to €29,758
of which Distributable reserves: +€793
- Gross operating margin -€3,329
down €3,329 (-81.0%), from €4,108 to €779
- Financial charges -€963
down €963 (-44.6%), from €2,161 to €1,198
- Taxes -€278
down €278 (-45.0%), from €617 to €339
- Financial income -€200
down €200 (-6.7%), from €2,982 to €2,782
- Depreciation +€182
up €182 (+34.4%), from €530 to €713
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 | €72,003 | €65,911 | -€6,093 | -8.5% |
| Fixed assets | 21/28 | €2,282 | €2,758 | +€476 | +20.9% |
| Tangible fixed assets | 22/27 | €2,282 | €2,758 | +€476 | +20.9% |
| Plant, machinery and equipment | 23 | - | €1,007 | +€1,007 | |
| Other tangible fixed assets | 26 | €2,282 | €1,751 | -€530 | -23.2% |
| Current assets | 29/58 | €69,722 | €63,153 | -€6,569 | -9.4% |
| Amounts receivable within one year | 40/41 | €60,263 | €53,042 | -€7,221 | -12.0% |
| Trade receivables | 40 | €10,831 | €543 | -€10,289 | -95.0% |
| Other amounts receivable | 41 | €49,432 | €52,499 | +€3,068 | +6.2% |
| Cash at bank and in hand | 54/58 | €5 | €5,510 | +€5,506 | +119952.7% |
| Deferred charges and accrued income | 490/1 | €9,454 | €4,600 | -€4,854 | -51.3% |
| Total equity and liabilities | 10/49 | €72,003 | €65,911 | -€6,093 | -8.5% |
| Equity | 10/15 | €47,565 | €48,358 | +€793 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,965 | €29,758 | +€793 | +2.7% |
| Tax-exempt reserves | 132 | €10,033 | €10,033 | = | 0.0% |
| Distributable reserves | 133 | €18,932 | €19,725 | +€793 | +4.2% |
| Amounts payable | 17/49 | €24,438 | €17,553 | -€6,885 | -28.2% |
| Amounts payable within one year | 42/48 | €20,988 | €15,003 | -€5,985 | -28.5% |
| Financial debts | 43 | €5,261 | €6,840 | +€1,579 | +30.0% |
| Credit institutions | 430/8 | €5,261 | €6,840 | +€1,579 | +30.0% |
| Trade debts | 44 | €10,433 | €6,132 | -€4,301 | -41.2% |
| Suppliers | 440/4 | €10,433 | €6,132 | -€4,301 | -41.2% |
| Taxes, remuneration and social security | 45 | €5,294 | €2,031 | -€3,263 | -61.6% |
| Taxes | 450/3 | €5,294 | €2,031 | -€3,263 | -61.6% |
| Accrued charges and deferred income | 492/3 | €3,450 | €2,550 | -€900 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €713 | +€182 | +34.4% |
| Other operating charges | 640/8 | €451 | €518 | +€67 | +14.9% |
| Gross operating margin | 9900 | €4,108 | €779 | -€3,329 | -81.0% |
| Operating profit (loss) | 9901 | €3,127 | -€453 | -€3,579 | |
| Financial income | 75/76B | €2,982 | €2,782 | -€200 | -6.7% |
| Recurring financial income | 75 | €2,982 | €2,782 | -€200 | -6.7% |
| Financial charges | 65/66B | €2,161 | €1,198 | -€963 | -44.6% |
| Recurring financial charges | 65 | €2,161 | €1,198 | -€963 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €3,948 | €1,132 | -€2,816 | -71.3% |
| Income taxes | 67/77 | €617 | €339 | -€278 | -45.0% |
| Profit (loss) for the period | 9904 | €3,331 | €793 | -€2,539 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,331 | €793 | -€2,539 | -76.2% |
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 7 October 2026 via checked.be.