JAVANCA: 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.
JAVANCA
Largest movements
- Receivables within one year -€776,305
down €776,305 (-60.0%), from €1.3m to €518,225
of which Other amounts receivable: -€787,802
- Current investments -€114,000
down €114,000 (-14.7%), from €774,613 to €660,613
- Cash +€60,201
up €60,201 (+29.8%), from €202,299 to €262,500
mainly Receivables within one year (+€776,305) and Other debts (+€187,211)
- Contributions -€1.0m
down €1.0m (-79.1%), from €1.3m to €263,600
- Other debts +€187,211
up €187,211, from €0 to €187,211
- Profit (loss) carried forward -€39,404
down €39,404 (-11.4%), from -€346,244 to -€385,648
- Write-downs +€28,920
new in 2025: €28,920
- Gross operating margin -€25,602
down €25,602 (-57.8%), from €44,275 to €18,674
- Financial income -€18,804
down €18,804 (-62.5%), from €30,072 to €11,268
- Other operating charges +€14,600
up €14,600 (+743%), from €1,966 to €16,566
- Taxes -€12,713
down €12,713 (-96.7%), from €13,152 to €440
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 | €2,333,641 | €1,483,128 | -€850,513 | -36.4% |
| Fixed assets | 21/28 | €42,624 | €30,156 | -€12,469 | -29.3% |
| Tangible fixed assets | 22/27 | €42,624 | €30,156 | -€12,469 | -29.3% |
| Plant, machinery and equipment | 23 | €1,247 | €897 | -€350 | -28.1% |
| Furniture and vehicles | 24 | €41,378 | €29,259 | -€12,119 | -29.3% |
| Current assets | 29/58 | €2,291,017 | €1,452,973 | -€838,044 | -36.6% |
| Amounts receivable within one year | 40/41 | €1,294,529 | €518,225 | -€776,305 | -60.0% |
| Trade receivables | 40 | €851 | €12,348 | +€11,497 | +1,352% |
| Other amounts receivable | 41 | €1,293,679 | €505,877 | -€787,802 | -60.9% |
| Current investments | 50/53 | €774,613 | €660,613 | -€114,000 | -14.7% |
| Cash at bank and in hand | 54/58 | €202,299 | €262,500 | +€60,201 | +29.8% |
| Deferred charges and accrued income | 490/1 | €19,576 | €11,636 | -€7,940 | -40.6% |
| Total equity and liabilities | 10/49 | €2,333,641 | €1,483,128 | -€850,513 | -36.4% |
| Equity | 10/15 | €2,323,305 | €1,280,624 | -€1.0m | -44.9% |
| Contributions | 10/11 | €1,263,600 | €263,600 | -€1.0m | -79.1% |
| Reserves | 13 | €1,405,950 | €1,402,672 | -€3,277 | -0.2% |
| Distributable reserves | 133 | €1,405,950 | €1,402,672 | -€3,277 | -0.2% |
| Profit (loss) carried forward | 14 | -€346,244 | -€385,648 | -€39,404 | -11.4% |
| Amounts payable | 17/49 | €10,336 | €202,504 | +€192,169 | +1,859% |
| Amounts payable within one year | 42/48 | €10,336 | €202,504 | +€192,169 | +1,859% |
| Trade debts | 44 | €8,783 | €11,069 | +€2,286 | +26.0% |
| Suppliers | 440/4 | €8,783 | €11,069 | +€2,286 | +26.0% |
| Taxes, remuneration and social security | 45 | €1,553 | €4,225 | +€2,672 | +172% |
| Taxes | 450/3 | €1,553 | €4,225 | +€2,672 | +172% |
| Other amounts payable | 47/48 | €0 | €187,211 | +€187,211 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €3,400 | +€3,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,194 | €12,469 | +€275 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,920 | +€28,920 | |
| Other operating charges | 640/8 | €1,966 | €16,566 | +€14,600 | +743% |
| Non-recurring operating charges | 66A | - | €14,114 | +€14,114 | |
| Gross operating margin | 9900 | €44,275 | €18,674 | -€25,602 | -57.8% |
| Operating profit (loss) | 9901 | €30,116 | -€53,394 | -€83,510 | |
| Financial income | 75/76B | €30,072 | €11,268 | -€18,804 | -62.5% |
| Recurring financial income | 75 | €30,072 | €11,268 | -€18,804 | -62.5% |
| Financial charges | 65/66B | €39 | €115 | +€77 | +199% |
| Recurring financial charges | 65 | €39 | €115 | +€77 | +199% |
| Profit (loss) for the period before taxes | 9903 | €60,149 | -€42,242 | -€102,391 | |
| Income taxes | 67/77 | €13,152 | €440 | -€12,713 | -96.7% |
| Profit (loss) for the period | 9904 | €46,997 | -€42,681 | -€89,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,997 | -€42,681 | -€89,678 |
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 28 October 2026 via checked.be.