GJVe: 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.
GJVe
Largest movements
- Receivables within one year +€26,855
up €26,855 (+1093.0%), from €2,457 to €29,312
of which Other amounts receivable: +€28,115
- Deferred charges and accrued income -€22,421
no longer reported in 2025 (was €22,421)
- Tangible fixed assets +€10,124
up €10,124 (+571.0%), from €1,773 to €11,897
of which Furniture and vehicles: +€10,000
- Cash -€915
down €915 (-99.8%), from €917 to €2
mainly Receivables within one year (-€26,855) and Investment in fixed assets (net) (-€12,907)
- Other debts +€13,776
up €13,776 (+217.8%), from €6,324 to €20,100
- Current portion of long-term debt -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts +€6,729
up €6,729 (+870.5%), from €773 to €7,502
- Profit (loss) carried forward +€5,714
up €5,714 (+227.4%), from €2,513 to €8,227
- Tax, wage and social debts -€5,076
down €5,076 (-42.2%), from €12,028 to €6,952
of which Taxes: -€4,180
- Gross operating margin +€3,696
up €3,696 (+55.5%), from €6,655 to €10,351
- Depreciation +€1,705
up €1,705 (+158.2%), from €1,078 to €2,783
- Other operating charges -€1,160
down €1,160 (-75.8%), from €1,530 to €370
- Taxes +€800
up €800 (+127.4%), from €628 to €1,428
- Financial charges -€396
down €396 (-87.6%), from €452 to €56
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 | €31,138 | €44,781 | +€13,643 | +43.8% |
| Fixed assets | 21/28 | €1,943 | €12,067 | +€10,124 | +521.0% |
| Tangible fixed assets | 22/27 | €1,773 | €11,897 | +€10,124 | +571.0% |
| Plant, machinery and equipment | 23 | €1,773 | €1,897 | +€124 | +7.0% |
| Furniture and vehicles | 24 | - | €10,000 | +€10,000 | |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €29,195 | €32,714 | +€3,519 | +12.1% |
| Stocks and contracts in progress | 3 | €3,400 | €3,400 | = | 0.0% |
| Stocks | 30/36 | €3,400 | €3,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,457 | €29,312 | +€26,855 | +1093.0% |
| Trade receivables | 40 | €2,279 | €1,019 | -€1,260 | -55.3% |
| Other amounts receivable | 41 | €178 | €28,293 | +€28,115 | +15794.9% |
| Cash at bank and in hand | 54/58 | €917 | €2 | -€915 | -99.8% |
| Deferred charges and accrued income | 490/1 | €22,421 | - | -€22,421 | |
| Total equity and liabilities | 10/49 | €31,138 | €44,781 | +€13,643 | +43.8% |
| Equity | 10/15 | €4,513 | €10,227 | +€5,714 | +126.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,513 | €8,227 | +€5,714 | +227.4% |
| Amounts payable | 17/49 | €26,625 | €34,554 | +€7,929 | +29.8% |
| Amounts payable within one year | 42/48 | €26,625 | €34,554 | +€7,929 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | - | -€7,500 | |
| Trade debts | 44 | €773 | €7,502 | +€6,729 | +870.5% |
| Suppliers | 440/4 | €773 | €7,502 | +€6,729 | +870.5% |
| Taxes, remuneration and social security | 45 | €12,028 | €6,952 | -€5,076 | -42.2% |
| Taxes | 450/3 | €11,132 | €6,952 | -€4,180 | -37.5% |
| Remuneration and social security | 454/9 | €896 | - | -€896 | |
| Other amounts payable | 47/48 | €6,324 | €20,100 | +€13,776 | +217.8% |
| Remuneration, social security and pensions | 62 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €2,783 | +€1,705 | +158.2% |
| Other operating charges | 640/8 | €1,530 | €370 | -€1,160 | -75.8% |
| Gross operating margin | 9900 | €6,655 | €10,351 | +€3,696 | +55.5% |
| Operating profit (loss) | 9901 | €3,842 | €7,198 | +€3,356 | +87.4% |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €452 | €56 | -€396 | -87.6% |
| Recurring financial charges | 65 | €452 | €56 | -€396 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €3,485 | €7,142 | +€3,657 | +104.9% |
| Income taxes | 67/77 | €628 | €1,428 | +€800 | +127.4% |
| Profit (loss) for the period | 9904 | €2,857 | €5,714 | +€2,857 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,857 | €5,714 | +€2,857 | +100.0% |
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 10 October 2026 via checked.be.