J.V. & Co: 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. & Co
Largest movements
- Stocks and contracts -€129,703
down €129,703 (-65.7%), from €197,418 to €67,715
- Receivables within one year +€60,370
up €60,370 (+951%), from €6,350 to €66,720
of which Trade receivables: +€37,155
- Cash +€27,679
up €27,679 (+147%), from €18,807 to €46,486
mainly Stocks and contracts (+€129,703) and Deferred charges and accrued income (+€25,234)
- Deferred charges and accrued income -€25,234
down €25,234 (-37.4%), from €67,557 to €42,323
- Current investments +€21,791
new in 2025: €21,791
- Debts after one year -€24,458
down €24,458 (-27.0%), from €90,634 to €66,175
- Other debts -€23,904
down €23,904 (-100%), from €23,904 to €0
- Tax, wage and social debts -€4,147
down €4,147 (-28.3%), from €14,670 to €10,523
of which Remuneration and social security: -€3,946
- Other operating charges +€18,876
up €18,876 (+284%), from €6,643 to €25,520
- Gross operating margin +€10,074
up €10,074 (+4.4%), from €227,742 to €237,816
- Depreciation -€5,659
down €5,659 (-57.8%), from €9,788 to €4,129
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 | €316,378 | €260,051 | -€56,326 | -17.8% |
| Fixed assets | 21/28 | €26,246 | €15,016 | -€11,231 | -42.8% |
| Tangible fixed assets | 22/27 | €25,927 | €12,729 | -€13,198 | -50.9% |
| Plant, machinery and equipment | 23 | €5,308 | €4,644 | -€663 | -12.5% |
| Furniture and vehicles | 24 | €20,619 | €8,085 | -€12,534 | -60.8% |
| Financial fixed assets | 28 | €319 | €2,286 | +€1,967 | +616% |
| Current assets | 29/58 | €290,132 | €245,036 | -€45,096 | -15.5% |
| Stocks and contracts in progress | 3 | €197,418 | €67,715 | -€129,703 | -65.7% |
| Stocks | 30/36 | €197,418 | €67,715 | -€129,703 | -65.7% |
| Amounts receivable within one year | 40/41 | €6,350 | €66,720 | +€60,370 | +951% |
| Trade receivables | 40 | €4,115 | €41,270 | +€37,155 | +903% |
| Other amounts receivable | 41 | €2,235 | €25,450 | +€23,215 | +1,039% |
| Current investments | 50/53 | - | €21,791 | +€21,791 | |
| Cash at bank and in hand | 54/58 | €18,807 | €46,486 | +€27,679 | +147% |
| Deferred charges and accrued income | 490/1 | €67,557 | €42,323 | -€25,234 | -37.4% |
| Total equity and liabilities | 10/49 | €316,378 | €260,051 | -€56,326 | -17.8% |
| Equity | 10/15 | €51,451 | €51,480 | +€29 | +0.1% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €4,860 | €2,880 | -€1,980 | -40.7% |
| Distributable reserves | 133 | €4,860 | €2,880 | -€1,980 | -40.7% |
| Profit (loss) carried forward | 14 | -€2,009 | €0 | +€2,009 | |
| Amounts payable | 17/49 | €264,927 | €208,571 | -€56,355 | -21.3% |
| Amounts payable after more than one year | 17 | €90,634 | €66,175 | -€24,458 | -27.0% |
| Financial debts | 170/4 | €90,634 | €66,175 | -€24,458 | -27.0% |
| Amounts payable within one year | 42/48 | €174,243 | €142,396 | -€31,847 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €24,877 | €24,458 | -€419 | -1.7% |
| Financial debts | 43 | €76,489 | €74,994 | -€1,495 | -2.0% |
| Credit institutions | 430/8 | €76,489 | €74,994 | -€1,495 | -2.0% |
| Trade debts | 44 | €34,303 | €32,421 | -€1,883 | -5.5% |
| Suppliers | 440/4 | €34,303 | €32,421 | -€1,883 | -5.5% |
| Taxes, remuneration and social security | 45 | €14,670 | €10,523 | -€4,147 | -28.3% |
| Taxes | 450/3 | €201 | €0 | -€201 | -100% |
| Remuneration and social security | 454/9 | €14,469 | €10,523 | -€3,946 | -27.3% |
| Other amounts payable | 47/48 | €23,904 | €0 | -€23,904 | -100% |
| Accrued charges and deferred income | 492/3 | €50 | €0 | -€50 | -100% |
| Remuneration, social security and pensions | 62 | €183,319 | €182,108 | -€1,211 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,788 | €4,129 | -€5,659 | -57.8% |
| Other operating charges | 640/8 | €6,643 | €25,520 | +€18,876 | +284% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €227,742 | €237,816 | +€10,074 | +4.4% |
| Operating profit (loss) | 9901 | €27,993 | €26,060 | -€1,932 | -6.9% |
| Financial income | 75/76B | €12 | €652 | +€640 | +5,444% |
| Recurring financial income | 75 | €12 | €652 | +€640 | +5,444% |
| Financial charges | 65/66B | €25,699 | €26,452 | +€753 | +2.9% |
| Recurring financial charges | 65 | €25,699 | €26,452 | +€753 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €2,306 | €261 | -€2,045 | -88.7% |
| Income taxes | 67/77 | €201 | €232 | +€31 | +15.7% |
| Profit (loss) for the period | 9904 | €2,105 | €29 | -€2,076 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,105 | €29 | -€2,076 | -98.6% |
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 21 October 2026 via checked.be.