J&FV: 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&FV
Largest movements
- Tangible fixed assets +€107,932
up €107,932 (+138%), from €77,996 to €185,928
- Cash -€36,244
down €36,244 (-70.1%), from €51,713 to €15,469
mainly Investment in fixed assets (net) (-€121,124) and Receivables within one year (-€9,000)
- Receivables within one year +€9,000
new in 2025: €9,000
- Other debts +€45,000
up €45,000 (+10,459%), from €430 to €45,430
- Reserves +€23,393
up €23,393 (+43.8%), from €53,414 to €76,808
of which Distributable reserves: +€23,393
- Trade debts +€12,295
up €12,295 (+901%), from €1,365 to €13,660
- Gross operating margin +€37,093
new in 2025: €37,093
- Turnover -€28,000
no longer reported in 2025 (was €28,000)
- Other operating charges -€11,547
down €11,547 (-96.2%), from €12,009 to €462
- Depreciation +€2,471
up €2,471 (+23.1%), from €10,721 to €13,193
- Services and other goods -€1,365
no longer reported in 2025 (was €1,365)
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 | €129,709 | €210,397 | +€80,688 | +62.2% |
| Fixed assets | 21/28 | €77,996 | €185,928 | +€107,932 | +138% |
| Tangible fixed assets | 22/27 | €77,996 | €185,928 | +€107,932 | +138% |
| Land and buildings | 22 | €77,996 | €185,928 | +€107,932 | +138% |
| Current assets | 29/58 | €51,713 | €24,469 | -€27,244 | -52.7% |
| Amounts receivable within one year | 40/41 | - | €9,000 | +€9,000 | |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €51,713 | €15,469 | -€36,244 | -70.1% |
| Total equity and liabilities | 10/49 | €129,709 | €210,397 | +€80,688 | +62.2% |
| Equity | 10/15 | €127,914 | €151,308 | +€23,393 | +18.3% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €53,414 | €76,808 | +€23,393 | +43.8% |
| Non-distributable reserves | 130/1 | €7,450 | €7,450 | = | 0.0% |
| Legal reserve | 130 | €7,450 | €7,450 | = | 0.0% |
| Distributable reserves | 133 | €45,964 | €69,358 | +€23,393 | +50.9% |
| Amounts payable | 17/49 | €1,795 | €59,090 | +€57,295 | +3,191% |
| Amounts payable within one year | 42/48 | €1,795 | €59,090 | +€57,295 | +3,191% |
| Trade debts | 44 | €1,365 | €13,660 | +€12,295 | +901% |
| Suppliers | 440/4 | €1,365 | €13,660 | +€12,295 | +901% |
| Other amounts payable | 47/48 | €430 | €45,430 | +€45,000 | +10,459% |
| Operating income | 70/76A | €28,000 | - | -€28,000 | |
| Turnover | 70 | €28,000 | - | -€28,000 | |
| Operating charges | 60/66A | €24,095 | - | -€24,095 | |
| Services and other goods | 61 | €1,365 | - | -€1,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,721 | €13,193 | +€2,471 | +23.1% |
| Other operating charges | 640/8 | €12,009 | €462 | -€11,547 | -96.2% |
| Gross operating margin | 9900 | - | €37,093 | +€37,093 | |
| Operating profit (loss) | 9901 | €3,905 | €23,438 | +€19,533 | +500% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Other financial charges | 652/9 | €44 | - | -€44 | |
| Profit (loss) for the period before taxes | 9903 | €3,862 | €23,393 | +€19,532 | +506% |
| Profit (loss) for the period | 9904 | €3,862 | €23,393 | +€19,532 | +506% |
| Profit (loss) for the period to be appropriated | 9905 | €3,862 | €23,393 | +€19,532 | +506% |
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 24 October 2026 via checked.be.