JALOVIA: 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.
JALOVIA
Largest movements
- Financial fixed assets +€9.5m
new in 2025: €9.5m
- Current investments -€219,629
down €219,629 (-96.0%), from €228,672 to €9,043
- Cash -€165,773
down €165,773 (-50.8%), from €326,172 to €160,398
mainly Investment in fixed assets (net) (-€9.5m) and Smaller working-capital items (-€1,565)
- Debts after one year +€6.2m
new in 2025: €6.2m
- Reserves +€1.1m
up €1.1m (+178%), from €633,592 to €1.8m
- Current portion of long-term debt +€1.1m
up €1.1m (+5,070%), from €21,974 to €1.1m
- Other debts +€683,250
up €683,250 (+18,313%), from €3,731 to €686,981
- Financial income +€1.0m
up €1.0m (+5,253%), from €19,208 to €1.0m
- Gross operating margin -€142,842
down €142,842 (-43.6%), from €327,550 to €184,708
- Taxes -€26,144
down €26,144 (-33.2%), from €78,682 to €52,538
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,673 | €9,782,235 | +€9.1m | +1,278% |
| Fixed assets | 21/28 | €44,930 | €9,581,897 | +€9.5m | +21,226% |
| Tangible fixed assets | 22/27 | €44,930 | €63,612 | +€18,682 | +41.6% |
| Plant, machinery and equipment | 23 | €1,615 | €1,215 | -€400 | -24.8% |
| Furniture and vehicles | 24 | €1,608 | €14,407 | +€12,799 | +796% |
| Other tangible fixed assets | 26 | €41,706 | €47,989 | +€6,283 | +15.1% |
| Financial fixed assets | 28 | - | €9,518,285 | +€9.5m | |
| Current assets | 29/58 | €664,744 | €200,338 | -€464,405 | -69.9% |
| Amounts receivable within one year | 40/41 | €97,245 | €22,381 | -€74,864 | -77.0% |
| Trade receivables | 40 | €95,745 | €1,709 | -€94,036 | -98.2% |
| Other amounts receivable | 41 | €1,500 | €20,672 | +€19,172 | +1,278% |
| Current investments | 50/53 | €228,672 | €9,043 | -€219,629 | -96.0% |
| Cash at bank and in hand | 54/58 | €326,172 | €160,398 | -€165,773 | -50.8% |
| Deferred charges and accrued income | 490/1 | €12,655 | €8,515 | -€4,139 | -32.7% |
| Total equity and liabilities | 10/49 | €709,673 | €9,782,235 | +€9.1m | +1,278% |
| Equity | 10/15 | €652,192 | €1,778,624 | +€1.1m | +173% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €633,592 | €1,760,000 | +€1.1m | +178% |
| Distributable reserves | 133 | €633,592 | €1,760,000 | +€1.1m | +178% |
| Profit (loss) carried forward | 14 | - | €24 | +€24 | |
| Amounts payable | 17/49 | €57,481 | €8,003,611 | +€7.9m | +13,824% |
| Amounts payable after more than one year | 17 | - | €6,154,415 | +€6.2m | |
| Financial debts | 170/4 | - | €6,154,415 | +€6.2m | |
| Amounts payable within one year | 42/48 | €57,481 | €1,849,196 | +€1.8m | +3,117% |
| Current portion of amounts payable after more than one year | 42 | €21,974 | €1,136,143 | +€1.1m | +5,070% |
| Trade debts | 44 | €550 | €10,494 | +€9,944 | +1,809% |
| Suppliers | 440/4 | €550 | €10,494 | +€9,944 | +1,809% |
| Taxes, remuneration and social security | 45 | €31,226 | €15,578 | -€15,648 | -50.1% |
| Taxes | 450/3 | €31,226 | €15,578 | -€15,648 | -50.1% |
| Other amounts payable | 47/48 | €3,731 | €686,981 | +€683,250 | +18,313% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,946 | €7,500 | +€2,553 | +51.6% |
| Other operating charges | 640/8 | €16,732 | €17,933 | +€1,200 | +7.2% |
| Gross operating margin | 9900 | €327,550 | €184,708 | -€142,842 | -43.6% |
| Operating profit (loss) | 9901 | €305,872 | €159,275 | -€146,596 | -47.9% |
| Financial income | 75/76B | €19,208 | €1,028,169 | +€1.0m | +5,253% |
| Recurring financial income | 75 | €19,208 | €1,028,169 | +€1.0m | +5,253% |
| Financial charges | 65/66B | €6,823 | €8,473 | +€1,650 | +24.2% |
| Recurring financial charges | 65 | €6,823 | €8,473 | +€1,650 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €318,256 | €1,178,970 | +€860,714 | +270% |
| Income taxes | 67/77 | €78,682 | €52,538 | -€26,144 | -33.2% |
| Profit (loss) for the period | 9904 | €239,574 | €1,126,432 | +€886,858 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €239,574 | €1,126,432 | +€886,858 | +370% |
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 1 November 2026 via checked.be.