JAVE: what changed
Two fiscal 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.
JAVE
Largest movements
- Tangible fixed assets +€19,561
up €19,561 (+15.6%), from €125,037 to €144,598
of which Land and buildings: +€20,571
- Deferred charges and accrued income -€8,722
down €8,722 (-79.3%), from €11,000 to €2,278
- Receivables within one year -€6,568
down €6,568 (-25.9%), from €25,327 to €18,759
of which Other amounts receivable: -€6,776
- Cash +€3,666
up €3,666 (+16.3%), from €22,535 to €26,200
mainly Depreciation (+€21,453) and Net result for the year (+€16,833)
- Reserves +€16,800
up €16,800 (+28.8%), from €58,400 to €75,200
- Debts after one year -€11,594
down €11,594 (-13.4%), from €86,508 to €74,914
- Other debts +€5,689
up €5,689 (+62.6%), from €9,087 to €14,776
- Gross operating margin +€21,535
up €21,535 (+77.5%), from €27,795 to €49,330
- Taxes +€5,911
up €5,911 (+347.2%), from €1,702 to €7,613
- Depreciation +€1,407
up €1,407 (+7.0%), from €20,046 to €21,453
- Financial charges -€495
down €495 (-16.0%), from €3,092 to €2,597
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.
Cash bridge derived
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 | €183,898 | €191,835 | +€7,937 | +4.3% |
| Fixed assets | 21/28 | €125,037 | €144,598 | +€19,561 | +15.6% |
| Tangible fixed assets | 22/27 | €125,037 | €144,598 | +€19,561 | +15.6% |
| Land and buildings | 22 | €109,771 | €130,342 | +€20,571 | +18.7% |
| Plant, machinery and equipment | 23 | €98 | - | -€98 | |
| Furniture and vehicles | 24 | €15,167 | €14,256 | -€911 | -6.0% |
| Current assets | 29/58 | €58,861 | €47,238 | -€11,624 | -19.7% |
| Amounts receivable within one year | 40/41 | €25,327 | €18,759 | -€6,568 | -25.9% |
| Trade receivables | 40 | €18,551 | €18,759 | +€208 | +1.1% |
| Other amounts receivable | 41 | €6,776 | - | -€6,776 | |
| Cash at bank and in hand | 54/58 | €22,535 | €26,200 | +€3,666 | +16.3% |
| Deferred charges and accrued income | 490/1 | €11,000 | €2,278 | -€8,722 | -79.3% |
| Total equity and liabilities | 10/49 | €183,898 | €191,835 | +€7,937 | +4.3% |
| Equity | 10/15 | €63,486 | €80,319 | +€16,833 | +26.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €58,400 | €75,200 | +€16,800 | +28.8% |
| Distributable reserves | 133 | €58,400 | €75,200 | +€16,800 | +28.8% |
| Profit (loss) carried forward | 14 | €1,086 | €1,119 | +€33 | +3.0% |
| Amounts payable | 17/49 | €120,412 | €111,516 | -€8,895 | -7.4% |
| Amounts payable after more than one year | 17 | €86,508 | €74,914 | -€11,594 | -13.4% |
| Financial debts | 170/4 | €86,508 | €74,914 | -€11,594 | -13.4% |
| Amounts payable within one year | 42/48 | €33,276 | €35,757 | +€2,482 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €12,092 | €11,594 | -€498 | -4.1% |
| Financial debts | 43 | €67 | - | -€67 | |
| Credit institutions | 430/8 | €67 | - | -€67 | |
| Trade debts | 44 | €6,110 | €4,702 | -€1,408 | -23.0% |
| Suppliers | 440/4 | €6,110 | €4,702 | -€1,408 | -23.0% |
| Taxes, remuneration and social security | 45 | €5,920 | €4,686 | -€1,234 | -20.8% |
| Taxes | 450/3 | €4,361 | €3,204 | -€1,156 | -26.5% |
| Remuneration and social security | 454/9 | €1,559 | €1,481 | -€78 | -5.0% |
| Other amounts payable | 47/48 | €9,087 | €14,776 | +€5,689 | +62.6% |
| Accrued charges and deferred income | 492/3 | €628 | €845 | +€217 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,046 | €21,453 | +€1,407 | +7.0% |
| Other operating charges | 640/8 | €669 | €989 | +€320 | +47.8% |
| Gross operating margin | 9900 | €27,795 | €49,330 | +€21,535 | +77.5% |
| Operating profit (loss) | 9901 | €7,080 | €26,888 | +€19,808 | +279.8% |
| Financial income | 75/76B | €85 | €155 | +€69 | +81.1% |
| Recurring financial income | 75 | €85 | €155 | +€69 | +81.1% |
| Financial charges | 65/66B | €3,092 | €2,597 | -€495 | -16.0% |
| Recurring financial charges | 65 | €3,092 | €2,597 | -€495 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €4,073 | €24,446 | +€20,372 | +500.1% |
| Income taxes | 67/77 | €1,702 | €7,613 | +€5,911 | +347.2% |
| Profit (loss) for the period | 9904 | €2,371 | €16,833 | +€14,462 | +609.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,371 | €16,833 | +€14,462 | +609.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.