J.V.SYSTEMS: what changed
What changed
J.V.SYSTEMS
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€215,511
2024 · €97,946+€117,565
Equity
€554,173
2024 · €338,662+€215,511
Cash
€484,796
2024 · €284,512+€200,284
Balance sheet total
€1.2m
2024 · €961,316+€209,498
Largest movements
Assets
- Cash +€200,284
up €200,284 (+70.4%), from €284,512 to €484,796
mainly Net result for the year (+€215,511) and Depreciation (+€92,232)
- Receivables within one year +€24,582
up €24,582 (+39.4%), from €62,366 to €86,948
of which Trade receivables: +€14,489
- Tangible fixed assets -€18,853
down €18,853 (-3.4%), from €547,745 to €528,893
of which Furniture and vehicles: -€24,829
Equity and liabilities
- Reserves +€215,511
up €215,511 (+66.1%), from €326,262 to €541,773
of which Distributable reserves: +€215,511
- Debts after one year -€54,323
down €54,323 (-14.2%), from €382,681 to €328,357
- Trade debts +€39,830
up €39,830 (+76.0%), from €52,408 to €92,238
- Accrued charges and deferred income +€15,335
up €15,335 (+58.6%), from €26,180 to €41,515
Income statement
- Gross operating margin +€223,435
up €223,435 (+28.5%), from €785,195 to €1.0m
- Taxes +€55,801
up €55,801 (+112%), from €49,954 to €105,755
- Staff costs +€52,766
up €52,766 (+10.1%), from €523,021 to €575,786
- Depreciation -€14,110
down €14,110 (-13.3%), from €106,342 to €92,232
- Financial charges +€10,798
up €10,798 (+156%), from €6,921 to €17,719
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,946
Gross operating margin
+€223,435
Staff costs
-€52,766
Depreciation
+€14,110
Other operating charges
-€1,042
Financial income
+€427
Financial charges
-€10,798
Taxes
-€55,801
Result 2025
€215,511
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€322,811
Investment
-€70,650
Financing
-€51,876
Cash 2024
€284,512
From operations (derived)
+€322,811
Net result for the year
+€215,511
Depreciation
+€92,232
Stocks and contracts
-€8,012
Receivables within one year
-€24,582
Deferred charges and accrued income
+€1,797
Trade debts
+€39,830
Tax, wage and social debts
-€6,417
Other debts
-€2,885
Accrued charges and deferred income
+€15,335
Investment (derived)
-€70,650
Investment in fixed assets (net)
-€70,650
Financing
-€51,876
Debts after one year
-€54,323
Current portion of long-term debt
+€1,611
Short-term financial debts
+€836
Cash 2025
€484,796
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €961,316 | €1,170,814 | +€209,498 | +21.8% |
| Fixed assets | 21/28 | €550,585 | €529,003 | -€21,583 | -3.9% |
| Tangible fixed assets | 22/27 | €547,745 | €528,893 | -€18,853 | -3.4% |
| Land and buildings | 22 | €408,780 | €415,201 | +€6,421 | +1.6% |
| Plant, machinery and equipment | 23 | €1,509 | €1,065 | -€444 | -29.4% |
| Furniture and vehicles | 24 | €137,457 | €112,627 | -€24,829 | -18.1% |
| Financial fixed assets | 28 | €2,840 | €110 | -€2,730 | -96.1% |
| Current assets | 29/58 | €410,731 | €641,811 | +€231,081 | +56.3% |
| Stocks and contracts in progress | 3 | €21,878 | €29,890 | +€8,012 | +36.6% |
| Stocks | 30/36 | €21,878 | €29,890 | +€8,012 | +36.6% |
| Amounts receivable within one year | 40/41 | €62,366 | €86,948 | +€24,582 | +39.4% |
| Trade receivables | 40 | €22,878 | €37,367 | +€14,489 | +63.3% |
| Other amounts receivable | 41 | €39,488 | €49,581 | +€10,093 | +25.6% |
| Cash at bank and in hand | 54/58 | €284,512 | €484,796 | +€200,284 | +70.4% |
| Deferred charges and accrued income | 490/1 | €41,974 | €40,177 | -€1,797 | -4.3% |
| Total equity and liabilities | 10/49 | €961,316 | €1,170,814 | +€209,498 | +21.8% |
| Equity | 10/15 | €338,662 | €554,173 | +€215,511 | +63.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €326,262 | €541,773 | +€215,511 | +66.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €326,262 | €541,773 | +€215,511 | +66.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €622,654 | €616,640 | -€6,013 | -1.0% |
| Amounts payable after more than one year | 17 | €382,681 | €328,357 | -€54,323 | -14.2% |
| Financial debts | 170/4 | €382,681 | €328,357 | -€54,323 | -14.2% |
| Amounts payable within one year | 42/48 | €213,793 | €246,768 | +€32,975 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €76,989 | €78,600 | +€1,611 | +2.1% |
| Financial debts | 43 | €508 | €1,343 | +€836 | +165% |
| Credit institutions | 430/8 | €508 | €1,343 | +€836 | +165% |
| Trade debts | 44 | €52,408 | €92,238 | +€39,830 | +76.0% |
| Suppliers | 440/4 | €52,408 | €92,238 | +€39,830 | +76.0% |
| Taxes, remuneration and social security | 45 | €81,003 | €74,587 | -€6,417 | -7.9% |
| Taxes | 450/3 | €26,815 | €25,676 | -€1,139 | -4.2% |
| Remuneration and social security | 454/9 | €54,188 | €48,910 | -€5,278 | -9.7% |
| Other amounts payable | 47/48 | €2,885 | €0 | -€2,885 | -100% |
| Accrued charges and deferred income | 492/3 | €26,180 | €41,515 | +€15,335 | +58.6% |
| Remuneration, social security and pensions | 62 | €523,021 | €575,786 | +€52,766 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,342 | €92,232 | -€14,110 | -13.3% |
| Other operating charges | 640/8 | €3,608 | €4,649 | +€1,042 | +28.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €785,195 | €1,008,630 | +€223,435 | +28.5% |
| Operating profit (loss) | 9901 | €152,225 | €335,962 | +€183,737 | +121% |
| Financial income | 75/76B | €2,596 | €3,023 | +€427 | +16.4% |
| Recurring financial income | 75 | €2,596 | €3,023 | +€427 | +16.4% |
| Financial charges | 65/66B | €6,921 | €17,719 | +€10,798 | +156% |
| Recurring financial charges | 65 | €6,921 | €17,719 | +€10,798 | +156% |
| Profit (loss) for the period before taxes | 9903 | €147,900 | €321,266 | +€173,366 | +117% |
| Income taxes | 67/77 | €49,954 | €105,755 | +€55,801 | +112% |
| Profit (loss) for the period | 9904 | €97,946 | €215,511 | +€117,565 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €97,946 | €215,511 | +€117,565 | +120% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.