JAVEST: 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.
JAVEST
Largest movements
- Cash -€41,789
down €41,789 (-68.1%), from €61,352 to €19,564
mainly Other debts (-€53,052) and Debts after one year (-€18,609)
- Tangible fixed assets -€37,515
down €37,515 (-6.8%), from €554,894 to €517,379
of which Land and buildings: -€25,686
- Receivables within one year +€8,520
up €8,520, from €0 to €8,520
- Other debts -€53,052
down €53,052 (-25.5%), from €207,658 to €154,607
- Debts after one year -€18,609
down €18,609 (-9.6%), from €194,014 to €175,404
- Gross operating margin -€2,989
down €2,989 (-4.9%), from €61,021 to €58,032
- Depreciation -€1,342
down €1,342 (-3.2%), from €42,439 to €41,096
- Taxes +€1,293
up €1,293 (+690.3%), from €187 to €1,480
- Other operating charges +€1,225
up €1,225 (+13.3%), from €9,242 to €10,468
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 | €616,446 | €545,463 | -€70,983 | -11.5% |
| Fixed assets | 21/28 | €554,894 | €517,379 | -€37,515 | -6.8% |
| Tangible fixed assets | 22/27 | €554,894 | €517,379 | -€37,515 | -6.8% |
| Land and buildings | 22 | €533,954 | €508,268 | -€25,686 | -4.8% |
| Plant, machinery and equipment | 23 | €1,626 | €1,385 | -€241 | -14.8% |
| Furniture and vehicles | 24 | €19,314 | €7,725 | -€11,588 | -60.0% |
| Current assets | 29/58 | €61,552 | €28,084 | -€33,469 | -54.4% |
| Amounts receivable within one year | 40/41 | €0 | €8,520 | +€8,520 | |
| Other amounts receivable | 41 | €0 | €8,520 | +€8,520 | |
| Cash at bank and in hand | 54/58 | €61,352 | €19,564 | -€41,789 | -68.1% |
| Deferred charges and accrued income | 490/1 | €200 | €0 | -€200 | -100.0% |
| Total equity and liabilities | 10/49 | €616,446 | €545,463 | -€70,983 | -11.5% |
| Equity | 10/15 | €191,545 | €193,530 | +€1,985 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €49,217 | €49,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €43,017 | €43,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,328 | €82,314 | +€1,985 | +2.5% |
| Amounts payable | 17/49 | €424,901 | €351,932 | -€72,969 | -17.2% |
| Amounts payable after more than one year | 17 | €194,014 | €175,404 | -€18,609 | -9.6% |
| Financial debts | 170/4 | €194,014 | €175,404 | -€18,609 | -9.6% |
| Amounts payable within one year | 42/48 | €228,788 | €174,383 | -€54,405 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €19,724 | €18,609 | -€1,115 | -5.7% |
| Trade debts | 44 | €1,218 | €1,167 | -€51 | -4.2% |
| Suppliers | 440/4 | €1,218 | €1,167 | -€51 | -4.2% |
| Taxes, remuneration and social security | 45 | €187 | €0 | -€187 | -100.0% |
| Taxes | 450/3 | €187 | €0 | -€187 | -100.0% |
| Other amounts payable | 47/48 | €207,658 | €154,607 | -€53,052 | -25.5% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,145 | +€45 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,439 | €41,096 | -€1,342 | -3.2% |
| Other operating charges | 640/8 | €9,242 | €10,468 | +€1,225 | +13.3% |
| Gross operating margin | 9900 | €61,021 | €58,032 | -€2,989 | -4.9% |
| Operating profit (loss) | 9901 | €9,340 | €6,468 | -€2,872 | -30.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €3,206 | €3,002 | -€204 | -6.3% |
| Recurring financial charges | 65 | €3,206 | €3,002 | -€204 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €6,135 | €3,466 | -€2,670 | -43.5% |
| Income taxes | 67/77 | €187 | €1,480 | +€1,293 | +690.3% |
| Profit (loss) for the period | 9904 | €5,948 | €1,985 | -€3,962 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,948 | €1,985 | -€3,962 | -66.6% |
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 7 October 2026 via checked.be.