J.E.L. CONSTRUCTING: 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.
J.E.L. CONSTRUCTING
Largest movements
- Tangible fixed assets +€12,301
up €12,301 (+58.8%), from €20,910 to €33,211
of which Furniture and vehicles: +€9,009
- Receivables within one year +€4,980
up €4,980 (+44.4%), from €11,228 to €16,207
of which Trade receivables: +€8,259
- Cash -€4,479
down €4,479 (-18.0%), from €24,826 to €20,347
mainly Investment in fixed assets (net) (-€24,912) and Receivables within one year (-€4,980)
- Advances received +€11,460
new in 2025: €11,460
- Other debts +€5,823
up €5,823 (+22.4%), from €26,055 to €31,879
- Trade debts -€1,948
down €1,948 (-70.2%), from €2,776 to €828
- Profit (loss) carried forward -€1,353
down €1,353 (-21.1%), from €6,412 to €5,059
- Tax, wage and social debts -€909
down €909 (-30.2%), from €3,014 to €2,105
of which Taxes: -€909
- Gross operating margin -€6,946
down €6,946 (-31.2%), from €22,277 to €15,331
- Other operating charges -€1,579
down €1,579 (-54.2%), from €2,913 to €1,335
- Depreciation +€1,527
up €1,527 (+13.8%), from €11,084 to €12,611
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 | €58,718 | €71,795 | +€13,078 | +22.3% |
| Fixed assets | 21/28 | €21,045 | €33,346 | +€12,301 | +58.5% |
| Tangible fixed assets | 22/27 | €20,910 | €33,211 | +€12,301 | +58.8% |
| Plant, machinery and equipment | 23 | €626 | €3,917 | +€3,292 | +526% |
| Furniture and vehicles | 24 | €20,284 | €29,294 | +€9,009 | +44.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €37,673 | €38,449 | +€777 | +2.1% |
| Amounts receivable within one year | 40/41 | €11,228 | €16,207 | +€4,980 | +44.4% |
| Trade receivables | 40 | €5,345 | €13,604 | +€8,259 | +155% |
| Other amounts receivable | 41 | €5,883 | €2,604 | -€3,279 | -55.7% |
| Cash at bank and in hand | 54/58 | €24,826 | €20,347 | -€4,479 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,619 | €1,895 | +€276 | +17.0% |
| Total equity and liabilities | 10/49 | €58,718 | €71,795 | +€13,078 | +22.3% |
| Equity | 10/15 | €26,872 | €25,519 | -€1,353 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,412 | €5,059 | -€1,353 | -21.1% |
| Amounts payable | 17/49 | €31,846 | €46,276 | +€14,430 | +45.3% |
| Amounts payable within one year | 42/48 | €31,846 | €46,272 | +€14,426 | +45.3% |
| Trade debts | 44 | €2,776 | €828 | -€1,948 | -70.2% |
| Suppliers | 440/4 | €2,776 | €828 | -€1,948 | -70.2% |
| Advances received on contracts in progress | 46 | - | €11,460 | +€11,460 | |
| Taxes, remuneration and social security | 45 | €3,014 | €2,105 | -€909 | -30.2% |
| Taxes | 450/3 | €1,014 | €105 | -€909 | -89.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €26,055 | €31,879 | +€5,823 | +22.4% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,084 | €12,611 | +€1,527 | +13.8% |
| Other operating charges | 640/8 | €2,913 | €1,335 | -€1,579 | -54.2% |
| Non-recurring operating charges | 66A | - | €2,244 | +€2,244 | |
| Gross operating margin | 9900 | €22,277 | €15,331 | -€6,946 | -31.2% |
| Operating profit (loss) | 9901 | €8,280 | -€859 | -€9,139 | |
| Financial income | 75/76B | €192 | €28 | -€164 | -85.3% |
| Recurring financial income | 75 | €192 | €28 | -€164 | -85.3% |
| Financial charges | 65/66B | €496 | €522 | +€27 | +5.3% |
| Recurring financial charges | 65 | €496 | €522 | +€27 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €7,977 | -€1,353 | -€9,330 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €7,977 | -€1,353 | -€9,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,977 | -€1,353 | -€9,329 |
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 21 October 2026 via checked.be.