J-V-A CONCEPT: 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-V-A CONCEPT
Largest movements
- Receivables within one year -€93,980
down €93,980 (-91.8%), from €102,413 to €8,433
of which Trade receivables: -€91,900
- Tangible fixed assets -€22,346
down €22,346 (-20.4%), from €109,541 to €87,195
- Cash +€14,369
up €14,369 (+400%), from €3,593 to €17,961
mainly Receivables within one year (+€93,980) and Depreciation (+€26,733)
- Deferred charges and accrued income -€4,254
down €4,254 (-71.5%), from €5,948 to €1,694
- Other debts -€83,415
down €83,415 (-70.6%), from €118,141 to €34,726
- Profit (loss) carried forward -€15,026
down €15,026, from €590 to -€14,436
- Tax, wage and social debts -€11,720
down €11,720 (-29.8%), from €39,309 to €27,589
of which Taxes: -€14,420
- Current portion of long-term debt +€5,695
up €5,695 (+55.3%), from €10,297 to €15,992
- Trade debts -€2,227
down €2,227 (-65.5%), from €3,399 to €1,172
- Gross operating margin -€105,664
down €105,664 (-83.3%), from €126,867 to €21,203
- Taxes -€23,696
down €23,696 (-97.6%), from €24,276 to €580
- Depreciation +€13,241
up €13,241 (+98.1%), from €13,492 to €26,733
- Financial charges +€1,881
up €1,881 (+93.4%), from €2,014 to €3,895
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 | €221,495 | €115,283 | -€106,212 | -48.0% |
| Fixed assets | 21/28 | €109,541 | €87,195 | -€22,346 | -20.4% |
| Tangible fixed assets | 22/27 | €109,541 | €87,195 | -€22,346 | -20.4% |
| Furniture and vehicles | 24 | €109,541 | €87,195 | -€22,346 | -20.4% |
| Current assets | 29/58 | €111,954 | €28,088 | -€83,866 | -74.9% |
| Amounts receivable within one year | 40/41 | €102,413 | €8,433 | -€93,980 | -91.8% |
| Trade receivables | 40 | €100,000 | €8,100 | -€91,900 | -91.9% |
| Other amounts receivable | 41 | €2,413 | €333 | -€2,080 | -86.2% |
| Cash at bank and in hand | 54/58 | €3,593 | €17,961 | +€14,369 | +400% |
| Deferred charges and accrued income | 490/1 | €5,948 | €1,694 | -€4,254 | -71.5% |
| Total equity and liabilities | 10/49 | €221,495 | €115,283 | -€106,212 | -48.0% |
| Equity | 10/15 | €9,590 | -€5,436 | -€15,026 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €590 | -€14,436 | -€15,026 | |
| Amounts payable | 17/49 | €211,905 | €120,719 | -€91,186 | -43.0% |
| Amounts payable after more than one year | 17 | €40,759 | €41,240 | +€481 | +1.2% |
| Financial debts | 170/4 | €40,759 | €41,240 | +€481 | +1.2% |
| Amounts payable within one year | 42/48 | €171,146 | €79,479 | -€91,667 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €10,297 | €15,992 | +€5,695 | +55.3% |
| Trade debts | 44 | €3,399 | €1,172 | -€2,227 | -65.5% |
| Suppliers | 440/4 | €3,399 | €1,172 | -€2,227 | -65.5% |
| Taxes, remuneration and social security | 45 | €39,309 | €27,589 | -€11,720 | -29.8% |
| Taxes | 450/3 | €39,309 | €24,889 | -€14,420 | -36.7% |
| Remuneration and social security | 454/9 | - | €2,700 | +€2,700 | |
| Other amounts payable | 47/48 | €118,141 | €34,726 | -€83,415 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,492 | €26,733 | +€13,241 | +98.1% |
| Other operating charges | 640/8 | €5,719 | €5,022 | -€697 | -12.2% |
| Non-recurring operating charges | 66A | €9,473 | - | -€9,473 | |
| Gross operating margin | 9900 | €126,867 | €21,203 | -€105,664 | -83.3% |
| Operating profit (loss) | 9901 | €98,182 | -€10,551 | -€108,733 | |
| Financial charges | 65/66B | €2,014 | €3,895 | +€1,881 | +93.4% |
| Recurring financial charges | 65 | €2,014 | €3,895 | +€1,881 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €96,169 | -€14,446 | -€110,615 | |
| Income taxes | 67/77 | €24,276 | €580 | -€23,696 | -97.6% |
| Profit (loss) for the period | 9904 | €71,893 | -€15,026 | -€86,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,893 | -€15,026 | -€86,919 |
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 26 October 2026 via checked.be.