J.V.L.: 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.L.
Largest movements
- Receivables within one year -€3,756
down €3,756 (-21.2%), from €17,707 to €13,951
of which Other amounts receivable: -€5,781
- Cash +€2,802
up €2,802, from €0 to €2,802
mainly Receivables within one year (+€3,756) and Net result for the year (+€2,391)
- Short-term financial debts -€2,606
no longer reported in 2023 (was €2,606)
- Profit (loss) carried forward +€2,391
up €2,391 (+13.5%), from -€17,738 to -€15,347
- Tax, wage and social debts -€1,829
down €1,829 (-19.0%), from €9,652 to €7,823
- Other debts +€948
up €948, from €0 to €948
- Gross operating margin -€23,352
down €23,352 (-86.1%), from €27,123 to €3,770
- Turnover -€21,326
down €21,326 (-38.9%), from €54,879 to €33,553
- Taxes -€5,336
down €5,336 (-88.9%), from €6,000 to €664
- Purchases and services +€2,026
up €2,026 (+7.3%), from €27,757 to €29,783
- Depreciation -€1,571
down €1,571 (-91.7%), from €1,714 to €142
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,017 | €17,921 | -€1,096 | -5.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,068 | €926 | -€142 | -13.3% |
| Tangible fixed assets | 22/27 | €1,068 | €926 | -€142 | -13.3% |
| Plant, machinery and equipment | 23 | €1,068 | €926 | -€142 | -13.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €17,949 | €16,995 | -€954 | -5.3% |
| Amounts receivable within one year | 40/41 | €17,707 | €13,951 | -€3,756 | -21.2% |
| Trade receivables | 40 | €11,289 | €13,314 | +€2,025 | +17.9% |
| Other amounts receivable | 41 | €6,418 | €637 | -€5,781 | -90.1% |
| Cash at bank and in hand | 54/58 | €0 | €2,802 | +€2,802 | |
| Deferred charges and accrued income | 490/1 | €242 | €242 | = | 0.0% |
| Total equity and liabilities | 10/49 | €19,017 | €17,921 | -€1,096 | -5.8% |
| Equity | 10/15 | €2,713 | €5,104 | +€2,391 | +88.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,738 | -€15,347 | +€2,391 | +13.5% |
| Amounts payable | 17/49 | €16,304 | €12,816 | -€3,487 | -21.4% |
| Amounts payable after more than one year | 17 | €4,000 | €4,000 | = | 0.0% |
| Financial debts | 170/4 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,304 | €8,816 | -€3,487 | -28.3% |
| Financial debts | 43 | €2,606 | - | -€2,606 | |
| Credit institutions | 430/8 | €2,606 | - | -€2,606 | |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €45 | €45 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,652 | €7,823 | -€1,829 | -19.0% |
| Taxes | 450/3 | €9,652 | €7,823 | -€1,829 | -19.0% |
| Other amounts payable | 47/48 | €0 | €948 | +€948 | |
| Turnover | 70 | €54,879 | €33,553 | -€21,326 | -38.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,757 | €29,783 | +€2,026 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,714 | €142 | -€1,571 | -91.7% |
| Other operating charges | 640/8 | €651 | €444 | -€207 | -31.8% |
| Gross operating margin | 9900 | €27,123 | €3,770 | -€23,352 | -86.1% |
| Operating profit (loss) | 9901 | €24,758 | €3,184 | -€21,574 | -87.1% |
| Financial charges | 65/66B | €1,094 | €129 | -€965 | -88.2% |
| Recurring financial charges | 65 | €1,094 | €129 | -€965 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €23,664 | €3,055 | -€20,609 | -87.1% |
| Income taxes | 67/77 | €6,000 | €664 | -€5,336 | -88.9% |
| Profit (loss) for the period | 9904 | €17,664 | €2,391 | -€15,273 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,664 | €2,391 | -€15,273 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.