Dr. JVH: 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.
Dr. JVH
Largest movements
- Cash -€27,858
down €27,858 (-18.4%), from €151,680 to €123,822
mainly Contributions, distributions and other (-€143,000) and Tax, wage and social debts (-€17,937)
- Tangible fixed assets -€17,478
down €17,478 (-47.7%), from €36,633 to €19,155
of which Furniture and vehicles: -€15,386
- Deferred charges and accrued income +€5,114
new in 2025: €5,114
- Reserves -€143,000
down €143,000 (-97.9%), from €146,030 to €3,030
- Other debts +€110,398
new in 2025: €110,398
- Profit (loss) carried forward +€19,702
up €19,702 (+24,115%), from €82 to €19,784
- Tax, wage and social debts -€17,937
down €17,937 (-99.6%), from €18,010 to €73
- Debts after one year -€9,960
down €9,960 (-70.4%), from €14,145 to €4,185
- Gross operating margin -€79,215
down €79,215 (-63.5%), from €124,812 to €45,597
- Taxes -€16,251
down €16,251 (-71.2%), from €22,825 to €6,574
- Depreciation +€1,643
up €1,643 (+10.4%), from €15,835 to €17,478
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 | €190,613 | €151,514 | -€39,098 | -20.5% |
| Fixed assets | 21/28 | €36,633 | €19,155 | -€17,478 | -47.7% |
| Tangible fixed assets | 22/27 | €36,633 | €19,155 | -€17,478 | -47.7% |
| Plant, machinery and equipment | 23 | €6,369 | €4,277 | -€2,092 | -32.9% |
| Furniture and vehicles | 24 | €30,264 | €14,878 | -€15,386 | -50.8% |
| Current assets | 29/58 | €153,979 | €132,359 | -€21,620 | -14.0% |
| Amounts receivable within one year | 40/41 | €2,299 | €3,424 | +€1,124 | +48.9% |
| Other amounts receivable | 41 | €2,299 | €3,424 | +€1,124 | +48.9% |
| Cash at bank and in hand | 54/58 | €151,680 | €123,822 | -€27,858 | -18.4% |
| Deferred charges and accrued income | 490/1 | - | €5,114 | +€5,114 | |
| Total equity and liabilities | 10/49 | €190,613 | €151,514 | -€39,098 | -20.5% |
| Equity | 10/15 | €148,612 | €25,314 | -€123,298 | -83.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €146,030 | €3,030 | -€143,000 | -97.9% |
| Distributable reserves | 133 | €146,030 | €3,030 | -€143,000 | -97.9% |
| Profit (loss) carried forward | 14 | €82 | €19,784 | +€19,702 | +24,115% |
| Amounts payable | 17/49 | €42,001 | €126,201 | +€84,200 | +200% |
| Amounts payable after more than one year | 17 | €14,145 | €4,185 | -€9,960 | -70.4% |
| Financial debts | 170/4 | €14,145 | €4,185 | -€9,960 | -70.4% |
| Amounts payable within one year | 42/48 | €27,856 | €120,674 | +€92,818 | +333% |
| Current portion of amounts payable after more than one year | 42 | €9,846 | €9,960 | +€115 | +1.2% |
| Trade debts | 44 | - | €242 | +€242 | |
| Suppliers | 440/4 | - | €242 | +€242 | |
| Taxes, remuneration and social security | 45 | €18,010 | €73 | -€17,937 | -99.6% |
| Taxes | 450/3 | €18,010 | €73 | -€17,937 | -99.6% |
| Other amounts payable | 47/48 | - | €110,398 | +€110,398 | |
| Accrued charges and deferred income | 492/3 | - | €1,343 | +€1,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,835 | €17,478 | +€1,643 | +10.4% |
| Other operating charges | 640/8 | €448 | €1,127 | +€679 | +152% |
| Gross operating margin | 9900 | €124,812 | €45,597 | -€79,215 | -63.5% |
| Operating profit (loss) | 9901 | €108,530 | €26,992 | -€81,538 | -75.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €633 | €716 | +€83 | +13.1% |
| Recurring financial charges | 65 | €633 | €716 | +€83 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €107,897 | €26,276 | -€81,621 | -75.6% |
| Income taxes | 67/77 | €22,825 | €6,574 | -€16,251 | -71.2% |
| Profit (loss) for the period | 9904 | €85,072 | €19,702 | -€65,370 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,072 | €19,702 | -€65,370 | -76.8% |
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 31 October 2026 via checked.be.