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
- Tangible fixed assets +€14,964
up €14,964 (+32.3%), from €46,356 to €61,320
of which Furniture and vehicles: +€20,672
- Receivables within one year +€3,965
up €3,965 (+336%), from €1,181 to €5,146
of which Other amounts receivable: +€4,878
- Deferred charges and accrued income +€1,789
up €1,789 (+1,585%), from €113 to €1,902
- Stocks and contracts +€1,724
up €1,724 (+14.3%), from €12,092 to €13,816
- Cash +€1,650
up €1,650 (+108%), from €1,522 to €3,172
mainly Depreciation (+€19,676) and Debts after one year (+€18,697)
- Debts after one year +€18,697
up €18,697 (+82.2%), from €22,739 to €41,435
- Tax, wage and social debts +€10,415
up €10,415 (+1,177%), from €885 to €11,300
- Profit (loss) carried forward -€8,114
down €8,114 (-23.1%), from -€35,134 to -€43,247
- Current portion of long-term debt +€6,428
up €6,428 (+116%), from €5,541 to €11,969
- Trade debts -€3,840
down €3,840 (-33.6%), from €11,421 to €7,580
- Depreciation +€12,128
up €12,128 (+161%), from €7,548 to €19,676
- Gross operating margin +€3,639
up €3,639 (+20.7%), from €17,603 to €21,242
- Financial charges +€2,435
up €2,435 (+60.9%), from €3,997 to €6,432
- Taxes -€737
down €737 (-83.3%), from €885 to €148
- Other operating charges +€334
up €334 (+11.8%), from €2,830 to €3,163
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,264 | €85,356 | +€24,092 | +39.3% |
| Fixed assets | 21/28 | €46,356 | €61,320 | +€14,964 | +32.3% |
| Tangible fixed assets | 22/27 | €46,356 | €61,320 | +€14,964 | +32.3% |
| Furniture and vehicles | 24 | €8,603 | €29,275 | +€20,672 | +240% |
| Leasing and similar rights | 25 | €37,753 | €32,045 | -€5,708 | -15.1% |
| Current assets | 29/58 | €14,908 | €24,036 | +€9,128 | +61.2% |
| Stocks and contracts in progress | 3 | €12,092 | €13,816 | +€1,724 | +14.3% |
| Stocks | 30/36 | €12,092 | €13,816 | +€1,724 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,181 | €5,146 | +€3,965 | +336% |
| Trade receivables | 40 | €913 | €0 | -€913 | -100% |
| Other amounts receivable | 41 | €268 | €5,146 | +€4,878 | +1,823% |
| Cash at bank and in hand | 54/58 | €1,522 | €3,172 | +€1,650 | +108% |
| Deferred charges and accrued income | 490/1 | €113 | €1,902 | +€1,789 | +1,585% |
| Total equity and liabilities | 10/49 | €61,264 | €85,356 | +€24,092 | +39.3% |
| Equity | 10/15 | €8,466 | €353 | -€8,114 | -95.8% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,134 | -€43,247 | -€8,114 | -23.1% |
| Amounts payable | 17/49 | €52,797 | €85,004 | +€32,206 | +61.0% |
| Amounts payable after more than one year | 17 | €22,739 | €41,435 | +€18,697 | +82.2% |
| Financial debts | 170/4 | €22,739 | €41,435 | +€18,697 | +82.2% |
| Amounts payable within one year | 42/48 | €30,058 | €43,568 | +€13,510 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €5,541 | €11,969 | +€6,428 | +116% |
| Financial debts | 43 | €11,048 | €12,718 | +€1,670 | +15.1% |
| Credit institutions | 430/8 | €11,048 | €12,718 | +€1,670 | +15.1% |
| Trade debts | 44 | €11,421 | €7,580 | -€3,840 | -33.6% |
| Suppliers | 440/4 | €11,421 | €7,580 | -€3,840 | -33.6% |
| Taxes, remuneration and social security | 45 | €885 | €11,300 | +€10,415 | +1,177% |
| Taxes | 450/3 | €885 | €11,300 | +€10,415 | +1,177% |
| Other amounts payable | 47/48 | €1,164 | €0 | -€1,164 | -100% |
| Non-recurring operating income | 76A | €5,024 | €0 | -€5,024 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,548 | €19,676 | +€12,128 | +161% |
| Other operating charges | 640/8 | €2,830 | €3,163 | +€334 | +11.8% |
| Gross operating margin | 9900 | €17,603 | €21,242 | +€3,639 | +20.7% |
| Operating profit (loss) | 9901 | €7,225 | -€1,597 | -€8,823 | |
| Financial income | 75/76B | €0 | €64 | +€63 | +31,730% |
| Recurring financial income | 75 | €0 | €64 | +€63 | +31,730% |
| Financial charges | 65/66B | €3,997 | €6,432 | +€2,435 | +60.9% |
| Recurring financial charges | 65 | €3,997 | €6,432 | +€2,435 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €3,228 | -€7,966 | -€11,194 | |
| Income taxes | 67/77 | €885 | €148 | -€737 | -83.3% |
| Profit (loss) for the period | 9904 | €2,343 | -€8,114 | -€10,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,343 | -€8,114 | -€10,457 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.