J. V. SOFTWARE DEVELOPMENT: what changed
Two fiscal 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. SOFTWARE DEVELOPMENT
Largest movements
- Cash -€29,672
down €29,672 (-42.9%), from €69,239 to €39,567
mainly Contributions, distributions and other (-€54,966) and Receivables within one year (-€20,143)
- Tangible fixed assets -€22,437
down €22,437 (-34.5%), from €64,988 to €42,551
of which Furniture and vehicles: -€22,298
- Receivables within one year +€20,143
up €20,143 (+138.0%), from €14,597 to €34,740
of which Trade receivables: +€15,887
- Debts after one year -€12,963
no longer reported in 2025 (was €12,963)
- Reserves -€11,750
down €11,750 (-19.6%), from €59,965 to €48,215
of which Distributable reserves: -€11,750
- Short-term financial debts -€4,167
down €4,167 (-24.3%), from €17,130 to €12,963
- Other debts -€2,277
down €2,277 (-4.5%), from €50,399 to €48,123
- Gross operating margin -€3,645
down €3,645 (-4.4%), from €83,573 to €79,928
- Financial income -€1,236
down €1,236 (-78.0%), from €1,585 to €349
- Taxes -€1,062
down €1,062 (-7.4%), from €14,327 to €13,264
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 | €169,692 | €137,623 | -€32,070 | -18.9% |
| Fixed assets | 21/28 | €64,988 | €42,551 | -€22,437 | -34.5% |
| Tangible fixed assets | 22/27 | €64,988 | €42,551 | -€22,437 | -34.5% |
| Plant, machinery and equipment | 23 | €1,023 | €884 | -€139 | -13.6% |
| Furniture and vehicles | 24 | €63,965 | €41,667 | -€22,298 | -34.9% |
| Current assets | 29/58 | €104,704 | €95,072 | -€9,632 | -9.2% |
| Amounts receivable within one year | 40/41 | €14,597 | €34,740 | +€20,143 | +138.0% |
| Trade receivables | 40 | €13,674 | €29,560 | +€15,887 | +116.2% |
| Other amounts receivable | 41 | €924 | €5,180 | +€4,256 | +460.8% |
| Current investments | 50/53 | €15,384 | €15,384 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,239 | €39,567 | -€29,672 | -42.9% |
| Deferred charges and accrued income | 490/1 | €5,485 | €5,381 | -€103 | -1.9% |
| Total equity and liabilities | 10/49 | €169,692 | €137,623 | -€32,070 | -18.9% |
| Equity | 10/15 | €78,928 | €67,220 | -€11,708 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,965 | €48,215 | -€11,750 | -19.6% |
| Non-distributable reserves | 130/1 | €1,465 | €1,465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,465 | €1,465 | = | 0.0% |
| Distributable reserves | 133 | €58,500 | €46,750 | -€11,750 | -20.1% |
| Profit (loss) carried forward | 14 | €363 | €405 | +€42 | +11.6% |
| Amounts payable | 17/49 | €90,764 | €70,402 | -€20,362 | -22.4% |
| Amounts payable after more than one year | 17 | €12,963 | - | -€12,963 | |
| Financial debts | 170/4 | €12,963 | - | -€12,963 | |
| Amounts payable within one year | 42/48 | €77,801 | €70,402 | -€7,399 | -9.5% |
| Financial debts | 43 | €17,130 | €12,963 | -€4,167 | -24.3% |
| Credit institutions | 430/8 | €17,130 | €12,963 | -€4,167 | -24.3% |
| Trade debts | 44 | €99 | €160 | +€61 | +61.4% |
| Suppliers | 440/4 | €99 | €160 | +€61 | +61.4% |
| Taxes, remuneration and social security | 45 | €10,173 | €9,157 | -€1,016 | -10.0% |
| Taxes | 450/3 | €8,197 | €9,157 | +€960 | +11.7% |
| Remuneration and social security | 454/9 | €1,976 | - | -€1,976 | |
| Other amounts payable | 47/48 | €50,399 | €48,123 | -€2,277 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,463 | €22,437 | -€25 | -0.1% |
| Other operating charges | 640/8 | €1,047 | €930 | -€116 | -11.1% |
| Gross operating margin | 9900 | €83,573 | €79,928 | -€3,645 | -4.4% |
| Operating profit (loss) | 9901 | €60,064 | €56,560 | -€3,504 | -5.8% |
| Financial income | 75/76B | €1,585 | €349 | -€1,236 | -78.0% |
| Recurring financial income | 75 | €1,585 | €349 | -€1,236 | -78.0% |
| Financial charges | 65/66B | €558 | €386 | -€172 | -30.8% |
| Recurring financial charges | 65 | €558 | €386 | -€172 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €61,091 | €56,522 | -€4,569 | -7.5% |
| Income taxes | 67/77 | €14,327 | €13,264 | -€1,062 | -7.4% |
| Profit (loss) for the period | 9904 | €46,764 | €43,258 | -€3,506 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,764 | €43,258 | -€3,506 | -7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.