J.V.P.: 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.
What changed
J.V.P.
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €2.1m+€752,632
Equity
€9.0m
2024 · €7.6m+€1.3m
Cash
€2.5m
2024 · €787,278+€1.7m
Balance sheet total
€22.2m
2024 · €19.8m+€2.4m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+103%), from €1.9m to €3.8m
of which Trade receivables: +€1.7m
- Cash +€1.7m
up €1.7m (+215%), from €787,278 to €2.5m
mainly Net result for the year (+€2.8m) and Depreciation (+€2.2m)
- Current investments -€1.7m
no longer reported in 2025 (was €1.7m)
- Tangible fixed assets +€460,815
up €460,815 (+5.0%), from €9.2m to €9.7m
of which Furniture and vehicles: +€439,331
- Receivables after one year +€452,205
up €452,205 (+13.4%), from €3.4m to €3.8m
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+18.0%), from €7.4m to €8.7m
- Trade debts +€1.1m
up €1.1m (+59.9%), from €1.8m to €2.8m
- Debts after one year -€471,124
down €471,124 (-6.8%), from €6.9m to €6.5m
- Tax, wage and social debts +€389,268
up €389,268 (+79.6%), from €488,785 to €878,053
- Other debts +€353,925
up €353,925 (+30.4%), from €1.2m to €1.5m
Income statement
- Turnover +€3.2m
up €3.2m (+24.1%), from €13.3m to €16.5m
- Goods and materials +€1.3m
up €1.3m (+33.3%), from €4.0m to €5.3m
of which Purchases: +€1.1m
- Services and other goods +€1.2m
up €1.2m (+11.6%), from €10.4m to €11.7m
- Other operating income +€618,617
up €618,617 (+9.5%), from €6.5m to €7.1m
- Financial charges +€287,595
up €287,595 (+126%), from €228,555 to €516,150
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.
Result 2024
€2.1m
Turnover
+€3.2m
Other operating income
+€618,617
Goods and materials
-€1.3m
Services and other goods
-€1.2m
Depreciation
-€230,306
Write-downs
-€106,335
Other operating charges
+€71,801
Other operating items
+€159,291
Financial income
+€103,030
Financial charges
-€287,595
Taxes
-€240,830
Result 2025
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.5m
Investment
-€611,266
Financing
-€2.2m
Cash 2024
€787,278
From operations (derived)
+€4.5m
Net result for the year
+€2.8m
Depreciation
+€2.2m
Receivables after one year
-€452,205
Stocks and contracts
+€73,283
Receivables within one year
-€1.9m
Deferred charges and accrued income
+€43,000
Trade debts
+€1.1m
Tax, wage and social debts
+€389,268
Other debts
+€353,925
Accrued charges and deferred income
-€14,809
Investment (derived)
-€611,266
Investment in fixed assets (net)
-€2.3m
Current investments
+€1.7m
Financing
-€2.2m
Debts after one year
-€471,124
Current portion of long-term debt
-€242,178
Contributions, distributions and other
-€1.5m
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,806,504 | €22,206,316 | +€2.4m | +12.1% |
| Fixed assets | 21/28 | €11,347,325 | €11,441,054 | +€93,729 | +0.8% |
| Intangible fixed assets | 21 | €948,531 | €718,620 | -€229,911 | -24.2% |
| Tangible fixed assets | 22/27 | €9,231,340 | €9,692,155 | +€460,815 | +5.0% |
| Land and buildings | 22 | €1,566,370 | €1,396,120 | -€170,250 | -10.9% |
| Plant, machinery and equipment | 23 | €383,657 | €365,752 | -€17,905 | -4.7% |
| Furniture and vehicles | 24 | €1,388,976 | €1,828,307 | +€439,331 | +31.6% |
| Other tangible fixed assets | 26 | €5,892,337 | €6,101,976 | +€209,639 | +3.6% |
| Financial fixed assets | 28 | €1,167,454 | €1,030,279 | -€137,175 | -11.7% |
| Affiliated companies | 280/1 | €1,166,319 | €1,029,144 | -€137,175 | -11.8% |
| Participating interests | 280 | €1,166,319 | €1,029,144 | -€137,175 | -11.8% |
| Other financial fixed assets | 284/8 | €1,135 | €1,135 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €8,459,179 | €10,765,262 | +€2.3m | +27.3% |
| Amounts receivable after more than one year | 29 | €3,387,039 | €3,839,244 | +€452,205 | +13.4% |
| Other amounts receivable | 291 | €3,387,039 | €3,839,244 | +€452,205 | +13.4% |
| Stocks and contracts in progress | 3 | €665,790 | €592,507 | -€73,283 | -11.0% |
| Stocks | 30/36 | €665,790 | €592,507 | -€73,283 | -11.0% |
| Goods purchased for resale | 34 | €665,790 | €592,507 | -€73,283 | -11.0% |
| Amounts receivable within one year | 40/41 | €1,894,522 | €3,836,805 | +€1.9m | +103% |
| Trade receivables | 40 | €1,705,532 | €3,446,994 | +€1.7m | +102% |
| Other amounts receivable | 41 | €188,990 | €389,811 | +€200,821 | +106% |
| Current investments | 50/53 | €1,668,506 | - | -€1.7m | |
| Other investments | 51/53 | €1,668,506 | - | -€1.7m | |
| Cash at bank and in hand | 54/58 | €787,278 | €2,483,662 | +€1.7m | +215% |
| Deferred charges and accrued income | 490/1 | €56,044 | €13,044 | -€43,000 | -76.7% |
| Total equity and liabilities | 10/49 | €19,806,504 | €22,206,316 | +€2.4m | +12.1% |
| Equity | 10/15 | €7,636,792 | €8,967,088 | +€1.3m | +17.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €193,700 | €193,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,381,092 | €8,711,388 | +€1.3m | +18.0% |
| Amounts payable | 17/49 | €12,169,712 | €13,239,228 | +€1.1m | +8.8% |
| Amounts payable after more than one year | 17 | €6,949,116 | €6,477,992 | -€471,124 | -6.8% |
| Financial debts | 170/4 | €6,949,116 | €6,477,992 | -€471,124 | -6.8% |
| Credit institutions | 173 | €6,901,909 | €6,477,992 | -€423,917 | -6.1% |
| Other loans | 174 | €47,207 | - | -€47,207 | |
| Amounts payable within one year | 42/48 | €5,139,628 | €6,695,077 | +€1.6m | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €1,729,105 | €1,486,927 | -€242,178 | -14.0% |
| Trade debts | 44 | €1,759,014 | €2,813,448 | +€1.1m | +59.9% |
| Suppliers | 440/4 | €1,759,014 | €2,813,448 | +€1.1m | +59.9% |
| Taxes, remuneration and social security | 45 | €488,785 | €878,053 | +€389,268 | +79.6% |
| Taxes | 450/3 | €488,785 | €878,053 | +€389,268 | +79.6% |
| Other amounts payable | 47/48 | €1,162,724 | €1,516,649 | +€353,925 | +30.4% |
| Accrued charges and deferred income | 492/3 | €80,968 | €66,159 | -€14,809 | -18.3% |
| Operating income | 70/76A | €19,862,606 | €23,779,206 | +€3.9m | +19.7% |
| Turnover | 70 | €13,333,762 | €16,545,561 | +€3.2m | +24.1% |
| Other operating income | 74 | €6,528,844 | €7,147,461 | +€618,617 | +9.5% |
| Non-recurring operating income | 76A | - | €86,184 | +€86,184 | |
| Operating charges | 60/66A | €16,899,890 | €19,638,463 | +€2.7m | +16.2% |
| Goods for resale, raw materials and consumables | 60 | €4,012,280 | €5,349,884 | +€1.3m | +33.3% |
| Purchases | 600/8 | €4,178,740 | €5,276,600 | +€1.1m | +26.3% |
| Change in stocks: decrease (increase) | 609 | -€166,460 | €73,284 | +€239,744 | |
| Services and other goods | 61 | €10,448,346 | €11,657,582 | +€1.2m | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,955,737 | €2,186,043 | +€230,306 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106,335 | - | +€106,335 | |
| Other operating charges | 640/8 | €399,989 | €328,188 | -€71,801 | -18.0% |
| Non-recurring operating charges | 66A | €189,873 | €116,766 | -€73,107 | -38.5% |
| Operating profit (loss) | 9901 | €2,962,716 | €4,140,743 | +€1.2m | +39.8% |
| Financial income | 75/76B | €66,924 | €169,954 | +€103,030 | +154% |
| Recurring financial income | 75 | €66,924 | €41,825 | -€25,099 | -37.5% |
| Income from current assets | 751 | €66,924 | €41,634 | -€25,290 | -37.8% |
| Other financial income | 752/9 | - | €191 | +€191 | |
| Non-recurring financial income | 76B | - | €128,129 | +€128,129 | |
| Financial charges | 65/66B | €228,555 | €516,150 | +€287,595 | +126% |
| Recurring financial charges | 65 | €228,555 | €516,150 | +€287,595 | +126% |
| Debt charges | 650 | €225,626 | €516,491 | +€290,865 | +129% |
| Other financial charges | 652/9 | €2,929 | -€341 | -€3,270 | |
| Profit (loss) for the period before taxes | 9903 | €2,801,085 | €3,794,547 | +€993,462 | +35.5% |
| Income taxes | 67/77 | €723,422 | €964,252 | +€240,830 | +33.3% |
| Taxes | 670/3 | €728,989 | €974,174 | +€245,185 | +33.6% |
| Tax adjustments and reversals of tax provisions | 77 | €5,567 | €9,922 | +€4,355 | +78.2% |
| Profit (loss) for the period | 9904 | €2,077,663 | €2,830,295 | +€752,632 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,077,663 | €2,830,295 | +€752,632 | +36.2% |
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 24 October 2026 via checked.be.