Javelin: 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.
Javelin
Largest movements
- Receivables within one year +€5,401
up €5,401 (+131%), from €4,134 to €9,535
of which Other amounts receivable: +€4,927
- Cash +€2,995
up €2,995 (+2.6%), from €113,659 to €116,654
mainly Net result for the year (+€5,563) and Depreciation (+€3,112)
- Reserves +€5,563
up €5,563 (+5.3%), from €105,174 to €110,737
- Tax, wage and social debts +€3,084
up €3,084 (+125%), from €2,465 to €5,549
- Taxes +€3,573
up €3,573 (+255%), from €1,401 to €4,973
- Gross operating margin +€1,981
up €1,981 (+15.9%), from €12,491 to €14,472
- Financial income -€814
down €814 (-80.7%), from €1,009 to €195
- Depreciation +€605
up €605 (+24.2%), from €2,507 to €3,112
- Other operating charges -€333
down €333 (-28.9%), from €1,153 to €820
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 | €120,911 | €129,138 | +€8,227 | +6.8% |
| Fixed assets | 21/28 | €3,118 | €2,015 | -€1,103 | -35.4% |
| Tangible fixed assets | 22/27 | €3,118 | €2,015 | -€1,103 | -35.4% |
| Furniture and vehicles | 24 | €3,118 | €2,015 | -€1,103 | -35.4% |
| Current assets | 29/58 | €117,793 | €127,123 | +€9,330 | +7.9% |
| Amounts receivable within one year | 40/41 | €4,134 | €9,535 | +€5,401 | +131% |
| Trade receivables | 40 | €338 | €811 | +€474 | +140% |
| Other amounts receivable | 41 | €3,796 | €8,723 | +€4,927 | +130% |
| Cash at bank and in hand | 54/58 | €113,659 | €116,654 | +€2,995 | +2.6% |
| Deferred charges and accrued income | 490/1 | - | €934 | +€934 | |
| Total equity and liabilities | 10/49 | €120,911 | €129,138 | +€8,227 | +6.8% |
| Equity | 10/15 | €117,574 | €123,137 | +€5,563 | +4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105,174 | €110,737 | +€5,563 | +5.3% |
| Distributable reserves | 133 | €105,174 | €110,737 | +€5,563 | +5.3% |
| Amounts payable | 17/49 | €3,337 | €6,001 | +€2,664 | +79.8% |
| Amounts payable within one year | 42/48 | €3,337 | €6,001 | +€2,664 | +79.8% |
| Trade debts | 44 | €872 | €452 | -€420 | -48.2% |
| Suppliers | 440/4 | €872 | €452 | -€420 | -48.2% |
| Taxes, remuneration and social security | 45 | €2,465 | €5,549 | +€3,084 | +125% |
| Taxes | 450/3 | €2,465 | €5,549 | +€3,084 | +125% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,507 | €3,112 | +€605 | +24.2% |
| Other operating charges | 640/8 | €1,153 | €820 | -€333 | -28.9% |
| Gross operating margin | 9900 | €12,491 | €14,472 | +€1,981 | +15.9% |
| Operating profit (loss) | 9901 | €8,831 | €10,540 | +€1,709 | +19.4% |
| Financial income | 75/76B | €1,009 | €195 | -€814 | -80.7% |
| Recurring financial income | 75 | €1,009 | €195 | -€814 | -80.7% |
| Financial charges | 65/66B | €184 | €199 | +€14 | +7.8% |
| Recurring financial charges | 65 | €184 | €199 | +€14 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €9,656 | €10,537 | +€880 | +9.1% |
| Income taxes | 67/77 | €1,401 | €4,973 | +€3,573 | +255% |
| Profit (loss) for the period | 9904 | €8,255 | €5,563 | -€2,692 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,255 | €5,563 | -€2,692 | -32.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.