JAPAVIC: 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.
JAPAVIC
Largest movements
- Cash -€18,326
down €18,326 (-95.2%), from €19,254 to €927
mainly Debts after one year (-€13,325) and Investment in fixed assets (net) (-€12,601)
- Debts after one year -€13,325
down €13,325 (-34.2%), from €38,923 to €25,598
- Other debts -€3,199
down €3,199 (-4.7%), from €68,229 to €65,030
- Tax, wage and social debts -€1,996
no longer reported in 2025 (was €1,996)
- Gross operating margin +€19,318
up €19,318, from -€4,849 to €14,469
- Depreciation +€3,591
up €3,591 (+42.0%), from €8,554 to €12,144
- Other operating charges -€271
down €271 (-67.9%), from €399 to €128
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 | €100,598 | €82,542 | -€18,056 | -17.9% |
| Fixed assets | 21/28 | €78,308 | €78,764 | +€456 | +0.6% |
| Tangible fixed assets | 22/27 | €78,288 | €78,744 | +€456 | +0.6% |
| Land and buildings | 22 | €59,215 | €65,803 | +€6,588 | +11.1% |
| Plant, machinery and equipment | 23 | €9,226 | €6,657 | -€2,570 | -27.9% |
| Furniture and vehicles | 24 | €9,846 | €6,284 | -€3,562 | -36.2% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €22,290 | €3,778 | -€18,512 | -83.1% |
| Amounts receivable within one year | 40/41 | €3,037 | €2,851 | -€186 | -6.1% |
| Trade receivables | 40 | €1,883 | €2,712 | +€829 | +44.0% |
| Other amounts receivable | 41 | €1,154 | €139 | -€1,015 | -88.0% |
| Cash at bank and in hand | 54/58 | €19,254 | €927 | -€18,326 | -95.2% |
| Total equity and liabilities | 10/49 | €100,598 | €82,542 | -€18,056 | -17.9% |
| Equity | 10/15 | -€22,366 | -€22,170 | +€197 | +0.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,564 | -€28,367 | +€197 | +0.7% |
| Amounts payable | 17/49 | €122,964 | €104,712 | -€18,252 | -14.8% |
| Amounts payable after more than one year | 17 | €38,923 | €25,598 | -€13,325 | -34.2% |
| Financial debts | 170/4 | €38,923 | €25,598 | -€13,325 | -34.2% |
| Amounts payable within one year | 42/48 | €84,042 | €79,114 | -€4,927 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €13,194 | €13,691 | +€497 | +3.8% |
| Trade debts | 44 | €622 | €393 | -€229 | -36.8% |
| Suppliers | 440/4 | €622 | €393 | -€229 | -36.8% |
| Taxes, remuneration and social security | 45 | €1,996 | - | -€1,996 | |
| Taxes | 450/3 | €1,996 | - | -€1,996 | |
| Other amounts payable | 47/48 | €68,229 | €65,030 | -€3,199 | -4.7% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,554 | €12,144 | +€3,591 | +42.0% |
| Other operating charges | 640/8 | €399 | €128 | -€271 | -67.9% |
| Gross operating margin | 9900 | -€4,849 | €14,469 | +€19,318 | |
| Operating profit (loss) | 9901 | -€13,802 | €2,197 | +€15,999 | |
| Financial income | 75/76B | €185 | €72 | -€113 | -61.2% |
| Recurring financial income | 75 | €185 | €72 | -€113 | -61.2% |
| Financial charges | 65/66B | €2,156 | €2,072 | -€84 | -3.9% |
| Recurring financial charges | 65 | €2,156 | €2,072 | -€84 | -3.9% |
| Non-recurring financial charges | 66B | €0 | €0 | -€0 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,773 | €197 | +€15,970 | |
| Profit (loss) for the period | 9904 | -€15,773 | €197 | +€15,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,773 | €197 | +€15,970 |
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 18 October 2026 via checked.be.