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 -€56,370
down €56,370 (-53.7%), from €105,000 to €48,631
of which Other amounts receivable: -€47,286
- Tangible fixed assets -€43,635
down €43,635 (-3.1%), from €1.4m to €1.4m
of which Land and buildings: -€44,492
- Debts after one year -€148,133
down €148,133 (-10.2%), from €1.4m to €1.3m
of which Financial debts: -€148,133
- Reserves +€81,725
up €81,725 (+8.6%), from €945,247 to €1.0m
- Other debts +€57,291
up €57,291 (+215%), from €26,676 to €83,968
- Tax, wage and social debts -€45,238
down €45,238 (-38.6%), from €117,194 to €71,956
of which Taxes: -€46,677
- Financial income -€350,066
down €350,066 (-100.0%), from €350,081 to €16
- Taxes -€23,732
down €23,732 (-34.6%), from €68,558 to €44,825
- Other operating charges -€10,304
down €10,304 (-71.6%), from €14,393 to €4,089
- Financial charges -€6,495
down €6,495 (-9.4%), from €69,028 to €62,533
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 | €2,769,785 | €2,695,832 | -€73,953 | -2.7% |
| Fixed assets | 21/28 | €2,654,003 | €2,633,168 | -€20,835 | -0.8% |
| Tangible fixed assets | 22/27 | €1,403,753 | €1,360,118 | -€43,635 | -3.1% |
| Land and buildings | 22 | €1,403,012 | €1,358,520 | -€44,492 | -3.2% |
| Furniture and vehicles | 24 | €741 | €1,598 | +€857 | +116% |
| Financial fixed assets | 28 | €1,250,250 | €1,273,050 | +€22,800 | +1.8% |
| Current assets | 29/58 | €115,782 | €62,664 | -€53,118 | -45.9% |
| Amounts receivable within one year | 40/41 | €105,000 | €48,631 | -€56,370 | -53.7% |
| Trade receivables | 40 | €57,714 | €48,631 | -€9,083 | -15.7% |
| Other amounts receivable | 41 | €47,286 | - | -€47,286 | |
| Current investments | 50/53 | €791 | €796 | +€6 | +0.7% |
| Cash at bank and in hand | 54/58 | €5,877 | €8,300 | +€2,424 | +41.2% |
| Deferred charges and accrued income | 490/1 | €4,115 | €4,937 | +€822 | +20.0% |
| Total equity and liabilities | 10/49 | €2,769,785 | €2,695,832 | -€73,953 | -2.7% |
| Equity | 10/15 | €963,847 | €1,045,573 | +€81,725 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €945,247 | €1,026,973 | +€81,725 | +8.6% |
| Distributable reserves | 133 | €945,247 | €1,026,973 | +€81,725 | +8.6% |
| Amounts payable | 17/49 | €1,805,938 | €1,650,259 | -€155,678 | -8.6% |
| Amounts payable after more than one year | 17 | €1,446,367 | €1,298,234 | -€148,133 | -10.2% |
| Financial debts | 170/4 | €1,082,367 | €934,234 | -€148,133 | -13.7% |
| Other amounts payable | 178/9 | €364,000 | €364,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €313,502 | €320,168 | +€6,666 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €148,133 | €148,133 | = | 0.0% |
| Trade debts | 44 | €21,498 | €16,111 | -€5,387 | -25.1% |
| Suppliers | 440/4 | €21,498 | €16,111 | -€5,387 | -25.1% |
| Taxes, remuneration and social security | 45 | €117,194 | €71,956 | -€45,238 | -38.6% |
| Taxes | 450/3 | €101,899 | €55,223 | -€46,677 | -45.8% |
| Remuneration and social security | 454/9 | €15,295 | €16,733 | +€1,439 | +9.4% |
| Other amounts payable | 47/48 | €26,676 | €83,968 | +€57,291 | +215% |
| Accrued charges and deferred income | 492/3 | €46,069 | €31,857 | -€14,212 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,238 | €44,974 | -€264 | -0.6% |
| Other operating charges | 640/8 | €14,393 | €4,089 | -€10,304 | -71.6% |
| Gross operating margin | 9900 | €238,031 | €239,796 | +€1,765 | +0.7% |
| Operating profit (loss) | 9901 | €178,400 | €190,733 | +€12,333 | +6.9% |
| Financial income | 75/76B | €350,081 | €16 | -€350,066 | -100.0% |
| Recurring financial income | 75 | €350,081 | €16 | -€350,066 | -100.0% |
| Financial charges | 65/66B | €69,028 | €62,533 | -€6,495 | -9.4% |
| Recurring financial charges | 65 | €69,028 | €62,533 | -€6,495 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €459,453 | €128,216 | -€331,237 | -72.1% |
| Income taxes | 67/77 | €68,558 | €44,825 | -€23,732 | -34.6% |
| Profit (loss) for the period | 9904 | €390,896 | €83,391 | -€307,504 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €390,896 | €83,391 | -€307,504 | -78.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.