J.VB: 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.VB
Largest movements
- Cash +€43,408
up €43,408 (+26.1%), from €166,026 to €209,434
mainly Net result for the year (+€64,094) and Depreciation (+€2,040)
- Profit (loss) carried forward +€64,094
up €64,094 (+85.0%), from €75,409 to €139,503
- Tax, wage and social debts -€19,931
down €19,931 (-51.8%), from €38,456 to €18,525
of which Taxes: -€19,931
- Gross operating margin -€10,791
down €10,791 (-11.6%), from €93,188 to €82,397
- Taxes -€8,658
down €8,658 (-34.6%), from €25,057 to €16,399
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 | €190,291 | €234,048 | +€43,757 | +23.0% |
| Fixed assets | 21/28 | €4,302 | €2,262 | -€2,040 | -47.4% |
| Tangible fixed assets | 22/27 | €4,302 | €2,262 | -€2,040 | -47.4% |
| Furniture and vehicles | 24 | €4,302 | €2,262 | -€2,040 | -47.4% |
| Current assets | 29/58 | €185,989 | €231,786 | +€45,797 | +24.6% |
| Amounts receivable within one year | 40/41 | €18,150 | €19,941 | +€1,791 | +9.9% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,791 | +€1,791 | |
| Cash at bank and in hand | 54/58 | €166,026 | €209,434 | +€43,408 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,813 | €2,411 | +€598 | +33.0% |
| Total equity and liabilities | 10/49 | €190,291 | €234,048 | +€43,757 | +23.0% |
| Equity | 10/15 | €146,241 | €210,335 | +€64,094 | +43.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,832 | €65,832 | = | 0.0% |
| Distributable reserves | 133 | €65,832 | €65,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,409 | €139,503 | +€64,094 | +85.0% |
| Amounts payable | 17/49 | €44,050 | €23,713 | -€20,337 | -46.2% |
| Amounts payable within one year | 42/48 | €44,050 | €23,713 | -€20,337 | -46.2% |
| Trade debts | 44 | €2,024 | €3,377 | +€1,353 | +66.8% |
| Suppliers | 440/4 | €2,024 | €3,377 | +€1,353 | +66.8% |
| Taxes, remuneration and social security | 45 | €38,456 | €18,525 | -€19,931 | -51.8% |
| Taxes | 450/3 | €35,478 | €15,547 | -€19,931 | -56.2% |
| Remuneration and social security | 454/9 | €2,978 | €2,978 | = | 0.0% |
| Other amounts payable | 47/48 | €3,570 | €1,811 | -€1,759 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €2,040 | +€223 | +12.3% |
| Other operating charges | 640/8 | €442 | €455 | +€13 | +2.9% |
| Gross operating margin | 9900 | €93,188 | €82,397 | -€10,791 | -11.6% |
| Operating profit (loss) | 9901 | €90,929 | €79,902 | -€11,027 | -12.1% |
| Financial income | 75/76B | - | €631 | +€631 | |
| Recurring financial income | 75 | - | €631 | +€631 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +2.6% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €90,890 | €80,493 | -€10,397 | -11.4% |
| Income taxes | 67/77 | €25,057 | €16,399 | -€8,658 | -34.6% |
| Profit (loss) for the period | 9904 | €65,833 | €64,094 | -€1,739 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,833 | €64,094 | -€1,739 | -2.6% |
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 12 October 2026 via checked.be.