JARVIS: 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.
JARVIS
Largest movements
- Receivables within one year -€375,086
down €375,086 (-40.7%), from €921,890 to €546,804
of which Trade receivables: -€397,590
- Cash +€45,977
up €45,977 (+115.0%), from €39,972 to €85,949
mainly Receivables within one year (+€375,086) and Other debts (+€175,510)
- Deferred charges and accrued income -€34,617
down €34,617 (-78.2%), from €44,248 to €9,631
- Tangible fixed assets -€23,033
down €23,033 (-17.8%), from €129,564 to €106,531
of which Other tangible fixed assets: -€13,177
- Trade debts -€546,403
down €546,403 (-55.8%), from €979,568 to €433,164
- Other debts +€175,510
up €175,510 (+14153.5%), from €1,240 to €176,750
- Gross operating margin +€201,222
up €201,222 (+130.2%), from €154,499 to €355,721
- Other operating charges +€176,072
up €176,072 (+1522.7%), from €11,563 to €187,635
- Staff costs +€9,198
up €9,198 (+9.1%), from €101,016 to €110,214
- Financial charges +€7,350
up €7,350 (+497.0%), from €1,479 to €8,829
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,151,580 | €769,779 | -€381,800 | -33.2% |
| Fixed assets | 21/28 | €138,389 | €127,395 | -€10,994 | -7.9% |
| Intangible fixed assets | 21 | - | €11,039 | +€11,039 | |
| Tangible fixed assets | 22/27 | €129,564 | €106,531 | -€23,033 | -17.8% |
| Plant, machinery and equipment | 23 | €11,191 | €8,185 | -€3,006 | -26.9% |
| Furniture and vehicles | 24 | €25,398 | €18,548 | -€6,850 | -27.0% |
| Other tangible fixed assets | 26 | €92,976 | €79,798 | -€13,177 | -14.2% |
| Financial fixed assets | 28 | €8,825 | €9,825 | +€1,000 | +11.3% |
| Current assets | 29/58 | €1,013,190 | €642,384 | -€370,806 | -36.6% |
| Stocks and contracts in progress | 3 | €7,080 | €0 | -€7,080 | -100.0% |
| Stocks | 30/36 | €7,080 | €0 | -€7,080 | -100.0% |
| Amounts receivable within one year | 40/41 | €921,890 | €546,804 | -€375,086 | -40.7% |
| Trade receivables | 40 | €916,849 | €519,259 | -€397,590 | -43.4% |
| Other amounts receivable | 41 | €5,041 | €27,545 | +€22,503 | +446.4% |
| Cash at bank and in hand | 54/58 | €39,972 | €85,949 | +€45,977 | +115.0% |
| Deferred charges and accrued income | 490/1 | €44,248 | €9,631 | -€34,617 | -78.2% |
| Total equity and liabilities | 10/49 | €1,151,580 | €769,779 | -€381,800 | -33.2% |
| Equity | 10/15 | €120,541 | €124,857 | +€4,316 | +3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,541 | €114,857 | +€4,316 | +3.9% |
| Amounts payable | 17/49 | €1,031,039 | €644,922 | -€386,117 | -37.4% |
| Amounts payable after more than one year | 17 | €16,289 | €9,415 | -€6,874 | -42.2% |
| Financial debts | 170/4 | €16,289 | €9,415 | -€6,874 | -42.2% |
| Amounts payable within one year | 42/48 | €1,010,036 | €632,346 | -€377,690 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €8,923 | €9,131 | +€208 | +2.3% |
| Trade debts | 44 | €979,568 | €433,164 | -€546,403 | -55.8% |
| Suppliers | 440/4 | €979,568 | €433,164 | -€546,403 | -55.8% |
| Taxes, remuneration and social security | 45 | €20,305 | €13,301 | -€7,004 | -34.5% |
| Taxes | 450/3 | €2,399 | €2,562 | +€163 | +6.8% |
| Remuneration and social security | 454/9 | €17,906 | €10,739 | -€7,167 | -40.0% |
| Other amounts payable | 47/48 | €1,240 | €176,750 | +€175,510 | +14153.5% |
| Accrued charges and deferred income | 492/3 | €4,714 | €3,161 | -€1,553 | -32.9% |
| Non-recurring operating income | 76A | €4,482 | €1,902 | -€2,580 | -57.6% |
| Remuneration, social security and pensions | 62 | €101,016 | €110,214 | +€9,198 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,126 | €33,549 | -€577 | -1.7% |
| Other operating charges | 640/8 | €11,563 | €187,635 | +€176,072 | +1522.7% |
| Gross operating margin | 9900 | €154,499 | €355,721 | +€201,222 | +130.2% |
| Operating profit (loss) | 9901 | €7,794 | €24,323 | +€16,529 | +212.1% |
| Financial income | 75/76B | €108 | €65 | -€42 | -39.3% |
| Recurring financial income | 75 | €108 | €65 | -€42 | -39.3% |
| Financial charges | 65/66B | €1,479 | €8,829 | +€7,350 | +497.0% |
| Recurring financial charges | 65 | €1,479 | €8,829 | +€7,350 | +497.0% |
| Profit (loss) for the period before taxes | 9903 | €6,423 | €15,559 | +€9,137 | +142.3% |
| Income taxes | 67/77 | €1,649 | €4,493 | +€2,844 | +172.5% |
| Profit (loss) for the period | 9904 | €4,774 | €11,066 | +€6,293 | +131.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,774 | €11,066 | +€6,293 | +131.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.