J.V. Engineering: 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. Engineering
Largest movements
- Receivables within one year +€22,328
up €22,328 (+178.9%), from €12,480 to €34,808
of which Trade receivables: +€12,694
- Cash +€6,034
up €6,034 (+10.4%), from €58,276 to €64,310
mainly Net result for the year (+€35,404) and Provisions (+€4,467)
- Reserves +€34,571
up €34,571 (+54.4%), from €63,493 to €98,064
- Other debts -€12,117
down €12,117 (-95.4%), from €12,700 to €583
- Provisions +€4,467
up €4,467 (+23.9%), from €18,655 to €23,122
- Trade debts +€1,624
up €1,624 (+108.9%), from €1,492 to €3,116
- Gross operating margin -€5,900
down €5,900 (-7.5%), from €78,700 to €72,800
- Provisions +€2,174
up €2,174 (+94.8%), from €2,293 to €4,467
- Financial income +€2,066
up €2,066 (+279.3%), from €740 to €2,805
- Taxes -€1,219
down €1,219 (-7.2%), from €16,870 to €15,651
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 | €101,794 | €129,981 | +€28,187 | +27.7% |
| Fixed assets | 21/28 | €1,619 | €2,360 | +€741 | +45.7% |
| Tangible fixed assets | 22/27 | €1,619 | €2,360 | +€741 | +45.7% |
| Furniture and vehicles | 24 | €1,619 | €2,360 | +€741 | +45.7% |
| Current assets | 29/58 | €100,175 | €127,621 | +€27,447 | +27.4% |
| Amounts receivable after more than one year | 29 | €29,419 | €28,503 | -€915 | -3.1% |
| Other amounts receivable | 291 | €29,419 | €28,503 | -€915 | -3.1% |
| Amounts receivable within one year | 40/41 | €12,480 | €34,808 | +€22,328 | +178.9% |
| Trade receivables | 40 | €11,850 | €24,544 | +€12,694 | +107.1% |
| Other amounts receivable | 41 | €630 | €10,264 | +€9,634 | +1530.0% |
| Cash at bank and in hand | 54/58 | €58,276 | €64,310 | +€6,034 | +10.4% |
| Total equity and liabilities | 10/49 | €101,794 | €129,981 | +€28,187 | +27.7% |
| Equity | 10/15 | €65,993 | €100,564 | +€34,571 | +52.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €63,493 | €98,064 | +€34,571 | +54.4% |
| Distributable reserves | 133 | €63,493 | €98,064 | +€34,571 | +54.4% |
| Provisions and deferred taxes | 16 | €18,655 | €23,122 | +€4,467 | +23.9% |
| Provisions for liabilities and charges | 160/5 | €18,655 | €23,122 | +€4,467 | +23.9% |
| Other liabilities and charges | 164/5 | €18,655 | €23,122 | +€4,467 | +23.9% |
| Amounts payable | 17/49 | €17,145 | €6,295 | -€10,851 | -63.3% |
| Amounts payable within one year | 42/48 | €17,145 | €6,295 | -€10,851 | -63.3% |
| Trade debts | 44 | €1,492 | €3,116 | +€1,624 | +108.9% |
| Suppliers | 440/4 | €1,492 | €3,116 | +€1,624 | +108.9% |
| Taxes, remuneration and social security | 45 | €2,954 | €2,595 | -€358 | -12.1% |
| Taxes | 450/3 | €2,954 | €2,595 | -€358 | -12.1% |
| Other amounts payable | 47/48 | €12,700 | €583 | -€12,117 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €609 | +€288 | +89.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,293 | €4,467 | +€2,174 | +94.8% |
| Other operating charges | 640/8 | €221 | - | -€221 | |
| Gross operating margin | 9900 | €78,700 | €72,800 | -€5,900 | -7.5% |
| Operating profit (loss) | 9901 | €75,864 | €67,724 | -€8,140 | -10.7% |
| Financial income | 75/76B | €740 | €2,805 | +€2,066 | +279.3% |
| Recurring financial income | 75 | €740 | €2,805 | +€2,066 | +279.3% |
| Financial charges | 65/66B | €19,248 | €19,475 | +€226 | +1.2% |
| Recurring financial charges | 65 | €19,248 | €19,475 | +€226 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €57,356 | €51,055 | -€6,300 | -11.0% |
| Income taxes | 67/77 | €16,870 | €15,651 | -€1,219 | -7.2% |
| Profit (loss) for the period | 9904 | €40,486 | €35,404 | -€5,081 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,486 | €35,404 | -€5,081 | -12.6% |
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 11 October 2026 via checked.be.