JAVAGO: 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.
JAVAGO
Largest movements
- Receivables within one year -€32,735
down €32,735 (-4.9%), from €665,676 to €632,941
of which Trade receivables: -€34,766
- Tangible fixed assets -€23,932
down €23,932 (-67.8%), from €35,288 to €11,356
of which Furniture and vehicles: -€22,683
- Debts after one year +€400,000
new in 2025: €400,000
- Other debts -€308,591
down €308,591 (-81.0%), from €380,915 to €72,324
- Profit (loss) carried forward -€169,942
down €169,942 (-43.7%), from -€389,062 to -€559,004
- Trade debts +€72,098
up €72,098 (+24.0%), from €300,184 to €372,282
- Short-term financial debts -€55,160
down €55,160 (-15.0%), from €368,305 to €313,146
- Gross operating margin -€53,153
down €53,153 (-5.9%), from €895,223 to €842,069
- Staff costs -€18,578
down €18,578 (-1.9%), from €989,853 to €971,275
- Depreciation -€18,462
down €18,462 (-43.5%), from €42,394 to €23,932
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 | €956,369 | €899,230 | -€57,138 | -6.0% |
| Fixed assets | 21/28 | €53,131 | €29,199 | -€23,932 | -45.0% |
| Tangible fixed assets | 22/27 | €35,288 | €11,356 | -€23,932 | -67.8% |
| Land and buildings | 22 | €4,921 | €3,672 | -€1,249 | -25.4% |
| Furniture and vehicles | 24 | €30,367 | €7,684 | -€22,683 | -74.7% |
| Financial fixed assets | 28 | €17,843 | €17,843 | = | 0.0% |
| Current assets | 29/58 | €903,238 | €870,031 | -€33,206 | -3.7% |
| Stocks and contracts in progress | 3 | €6,258 | €6,258 | = | 0.0% |
| Stocks | 30/36 | €6,258 | €6,258 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €665,676 | €632,941 | -€32,735 | -4.9% |
| Trade receivables | 40 | €663,038 | €628,272 | -€34,766 | -5.2% |
| Other amounts receivable | 41 | €2,638 | €4,668 | +€2,030 | +77.0% |
| Current investments | 50/53 | €60,000 | €60,963 | +€963 | +1.6% |
| Cash at bank and in hand | 54/58 | €23,670 | €21,340 | -€2,330 | -9.8% |
| Deferred charges and accrued income | 490/1 | €147,634 | €148,530 | +€896 | +0.6% |
| Total equity and liabilities | 10/49 | €956,369 | €899,230 | -€57,138 | -6.0% |
| Equity | 10/15 | -€256,315 | -€426,257 | -€169,942 | -66.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €114,155 | €114,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €112,296 | €112,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,062 | -€559,004 | -€169,942 | -43.7% |
| Amounts payable | 17/49 | €1,212,683 | €1,325,488 | +€112,804 | +9.3% |
| Amounts payable after more than one year | 17 | - | €400,000 | +€400,000 | |
| Other amounts payable | 178/9 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €1,212,683 | €925,488 | -€287,196 | -23.7% |
| Financial debts | 43 | €368,305 | €313,146 | -€55,160 | -15.0% |
| Credit institutions | 430/8 | €368,305 | €313,146 | -€55,160 | -15.0% |
| Trade debts | 44 | €300,184 | €372,282 | +€72,098 | +24.0% |
| Suppliers | 440/4 | €300,184 | €372,282 | +€72,098 | +24.0% |
| Taxes, remuneration and social security | 45 | €163,279 | €167,736 | +€4,457 | +2.7% |
| Taxes | 450/3 | €55,508 | €66,414 | +€10,906 | +19.6% |
| Remuneration and social security | 454/9 | €107,770 | €101,321 | -€6,449 | -6.0% |
| Other amounts payable | 47/48 | €380,915 | €72,324 | -€308,591 | -81.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €989,853 | €971,275 | -€18,578 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,394 | €23,932 | -€18,462 | -43.5% |
| Other operating charges | 640/8 | €13,917 | €11,758 | -€2,159 | -15.5% |
| Gross operating margin | 9900 | €895,223 | €842,069 | -€53,153 | -5.9% |
| Operating profit (loss) | 9901 | -€150,941 | -€164,896 | -€13,955 | -9.2% |
| Financial income | 75/76B | €7,082 | €4,230 | -€2,851 | -40.3% |
| Recurring financial income | 75 | €7,082 | €4,230 | -€2,851 | -40.3% |
| Financial charges | 65/66B | €12,046 | €8,864 | -€3,182 | -26.4% |
| Recurring financial charges | 65 | €12,046 | €8,864 | -€3,182 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€155,906 | -€169,530 | -€13,624 | -8.7% |
| Income taxes | 67/77 | €4,923 | €413 | -€4,510 | -91.6% |
| Profit (loss) for the period | 9904 | -€160,828 | -€169,942 | -€9,114 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,828 | -€169,942 | -€9,114 | -5.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.