J+VC: 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+VC
Largest movements
- Cash +€91,682
up €91,682 (+71.4%), from €128,330 to €220,012
mainly Net result for the year (+€108,597) and Depreciation (+€43,918)
- Receivables within one year +€34,048
up €34,048 (+66.5%), from €51,182 to €85,231
of which Trade receivables: +€20,083
- Tangible fixed assets -€19,390
down €19,390 (-2.7%), from €726,707 to €707,317
of which Furniture and vehicles: -€16,467
- Profit (loss) carried forward +€108,597
up €108,597 (+15.8%), from €687,130 to €795,726
- Tax, wage and social debts -€10,995
down €10,995 (-52.1%), from €21,115 to €10,120
of which Taxes: -€10,995
- Gross operating margin -€13,640
down €13,640 (-6.8%), from €199,774 to €186,134
- Taxes -€3,117
down €3,117 (-9.1%), from €34,308 to €31,192
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 | €931,469 | €1,037,809 | +€106,340 | +11.4% |
| Fixed assets | 21/28 | €726,957 | €707,567 | -€19,390 | -2.7% |
| Tangible fixed assets | 22/27 | €726,707 | €707,317 | -€19,390 | -2.7% |
| Land and buildings | 22 | €685,532 | €680,016 | -€5,516 | -0.8% |
| Plant, machinery and equipment | 23 | €200 | €2,793 | +€2,593 | +1298.7% |
| Furniture and vehicles | 24 | €40,975 | €24,508 | -€16,467 | -40.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €204,513 | €330,243 | +€125,730 | +61.5% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,182 | €85,231 | +€34,048 | +66.5% |
| Trade receivables | 40 | €40,491 | €60,573 | +€20,083 | +49.6% |
| Other amounts receivable | 41 | €10,692 | €24,658 | +€13,966 | +130.6% |
| Cash at bank and in hand | 54/58 | €128,330 | €220,012 | +€91,682 | +71.4% |
| Total equity and liabilities | 10/49 | €931,469 | €1,037,809 | +€106,340 | +11.4% |
| Equity | 10/15 | €705,730 | €814,326 | +€108,597 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €687,130 | €795,726 | +€108,597 | +15.8% |
| Amounts payable | 17/49 | €225,740 | €223,483 | -€2,257 | -1.0% |
| Amounts payable within one year | 42/48 | €225,740 | €223,483 | -€2,257 | -1.0% |
| Trade debts | 44 | - | €3,643 | +€3,643 | |
| Suppliers | 440/4 | - | €3,643 | +€3,643 | |
| Taxes, remuneration and social security | 45 | €21,115 | €10,120 | -€10,995 | -52.1% |
| Taxes | 450/3 | €15,765 | €4,770 | -€10,995 | -69.7% |
| Remuneration and social security | 454/9 | €5,350 | €5,350 | = | 0.0% |
| Other amounts payable | 47/48 | €204,624 | €209,720 | +€5,096 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,715 | €43,918 | +€203 | +0.5% |
| Other operating charges | 640/8 | €1,742 | €2,756 | +€1,014 | +58.2% |
| Gross operating margin | 9900 | €199,774 | €186,134 | -€13,640 | -6.8% |
| Operating profit (loss) | 9901 | €154,317 | €139,461 | -€14,857 | -9.6% |
| Financial income | 75/76B | €557 | €526 | -€31 | -5.6% |
| Recurring financial income | 75 | €557 | €526 | -€31 | -5.6% |
| Financial charges | 65/66B | €122 | €198 | +€75 | +61.3% |
| Recurring financial charges | 65 | €122 | €198 | +€75 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €154,752 | €139,789 | -€14,963 | -9.7% |
| Income taxes | 67/77 | €34,308 | €31,192 | -€3,117 | -9.1% |
| Profit (loss) for the period | 9904 | €120,443 | €108,597 | -€11,846 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,443 | €108,597 | -€11,846 | -9.8% |
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 8 October 2026 via checked.be.