GROUP - JCVD: 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.
GROUP - JCVD
Largest movements
- Tangible fixed assets -€25,068
down €25,068 (-7.2%), from €348,811 to €323,742
- Receivables within one year +€24,579
up €24,579 (+323.2%), from €7,605 to €32,184
of which Other amounts receivable: +€27,500
- Cash +€4,686
up €4,686 (+81.6%), from €5,744 to €10,431
mainly Net result for the year (+€30,529) and Depreciation (+€25,068)
- Debts after one year -€34,400
down €34,400 (-26.2%), from €131,503 to €97,103
- Reserves +€30,529
new in 2025: €30,529
- Tax, wage and social debts +€4,581
up €4,581 (+30.7%), from €14,916 to €19,497
- Gross operating margin +€11,102
up €11,102 (+14.1%), from €78,708 to €89,810
- Taxes +€6,672
up €6,672 (+74.5%), from €8,959 to €15,631
- Financial charges -€1,853
down €1,853 (-15.9%), from €11,673 to €9,820
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 | €364,904 | €369,488 | +€4,584 | +1.3% |
| Fixed assets | 21/28 | €348,811 | €323,742 | -€25,068 | -7.2% |
| Tangible fixed assets | 22/27 | €348,811 | €323,742 | -€25,068 | -7.2% |
| Leasing and similar rights | 25 | €348,811 | €323,742 | -€25,068 | -7.2% |
| Current assets | 29/58 | €16,093 | €45,746 | +€29,652 | +184.2% |
| Amounts receivable within one year | 40/41 | €7,605 | €32,184 | +€24,579 | +323.2% |
| Trade receivables | 40 | €7,605 | €4,684 | -€2,921 | -38.4% |
| Other amounts receivable | 41 | - | €27,500 | +€27,500 | |
| Cash at bank and in hand | 54/58 | €5,744 | €10,431 | +€4,686 | +81.6% |
| Deferred charges and accrued income | 490/1 | €2,744 | €3,131 | +€387 | +14.1% |
| Total equity and liabilities | 10/49 | €364,904 | €369,488 | +€4,584 | +1.3% |
| Equity | 10/15 | €126,876 | €157,404 | +€30,529 | +24.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €30,529 | +€30,529 | |
| Distributable reserves | 133 | - | €30,529 | +€30,529 | |
| Profit (loss) carried forward | 14 | €96,876 | €96,876 | = | 0.0% |
| Amounts payable | 17/49 | €238,028 | €212,084 | -€25,945 | -10.9% |
| Amounts payable after more than one year | 17 | €131,503 | €97,103 | -€34,400 | -26.2% |
| Financial debts | 170/4 | €131,503 | €97,103 | -€34,400 | -26.2% |
| Amounts payable within one year | 42/48 | €106,235 | €114,681 | +€8,446 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €32,946 | €34,400 | +€1,455 | +4.4% |
| Trade debts | 44 | €10,500 | €11,039 | +€538 | +5.1% |
| Suppliers | 440/4 | €10,500 | €11,039 | +€538 | +5.1% |
| Taxes, remuneration and social security | 45 | €14,916 | €19,497 | +€4,581 | +30.7% |
| Taxes | 450/3 | €14,916 | €19,497 | +€4,581 | +30.7% |
| Other amounts payable | 47/48 | €47,873 | €49,745 | +€1,872 | +3.9% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,068 | €25,068 | = | 0.0% |
| Other operating charges | 640/8 | €8,480 | €8,762 | +€282 | +3.3% |
| Gross operating margin | 9900 | €78,708 | €89,810 | +€11,102 | +14.1% |
| Operating profit (loss) | 9901 | €45,160 | €55,980 | +€10,820 | +24.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,673 | €9,820 | -€1,853 | -15.9% |
| Recurring financial charges | 65 | €11,673 | €9,820 | -€1,853 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €33,487 | €46,160 | +€12,673 | +37.8% |
| Income taxes | 67/77 | €8,959 | €15,631 | +€6,672 | +74.5% |
| Profit (loss) for the period | 9904 | €24,528 | €30,529 | +€6,001 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,528 | €30,529 | +€6,001 | +24.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.