JAVONADO: 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.
JAVONADO
Largest movements
- Tangible fixed assets +€53,397
up €53,397 (+1,003%), from €5,323 to €58,721
of which Furniture and vehicles: +€57,320
- Cash -€29,313
down €29,313 (-31.8%), from €92,219 to €62,907
mainly Contributions, distributions and other (-€82,358) and Investment in fixed assets (net) (-€59,118)
- Receivables within one year +€17,378
up €17,378 (+113%), from €15,311 to €32,689
of which Trade receivables: +€16,419
- Other debts +€31,916
up €31,916 (+60.1%), from €53,148 to €85,064
- Reserves -€26,623
down €26,623 (-53.6%), from €49,673 to €23,050
- Debts after one year +€26,227
new in 2025: €26,227
- Current portion of long-term debt +€9,262
new in 2025: €9,262
- Gross operating margin +€5,333
up €5,333 (+7.5%), from €70,951 to €76,284
- Financial income +€4,371
up €4,371 (+23,843%), from €18 to €4,389
of which Non-recurring financial income: +€4,372
- Taxes +€766
up €766 (+5.6%), from €13,612 to €14,378
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 | €114,123 | €155,521 | +€41,399 | +36.3% |
| Fixed assets | 21/28 | €5,323 | €58,721 | +€53,397 | +1,003% |
| Tangible fixed assets | 22/27 | €5,323 | €58,721 | +€53,397 | +1,003% |
| Furniture and vehicles | 24 | €1,400 | €58,721 | +€57,320 | +4,094% |
| Other tangible fixed assets | 26 | €3,923 | - | -€3,923 | |
| Current assets | 29/58 | €108,799 | €96,801 | -€11,999 | -11.0% |
| Amounts receivable within one year | 40/41 | €15,311 | €32,689 | +€17,378 | +113% |
| Trade receivables | 40 | €15,028 | €31,447 | +€16,419 | +109% |
| Other amounts receivable | 41 | €283 | €1,242 | +€959 | +339% |
| Cash at bank and in hand | 54/58 | €92,219 | €62,907 | -€29,313 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,205 | -€63 | -5.0% |
| Total equity and liabilities | 10/49 | €114,123 | €155,521 | +€41,399 | +36.3% |
| Equity | 10/15 | €52,673 | €26,050 | -€26,623 | -50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,673 | €23,050 | -€26,623 | -53.6% |
| Distributable reserves | 133 | €49,673 | €23,050 | -€26,623 | -53.6% |
| Amounts payable | 17/49 | €61,450 | €129,471 | +€68,021 | +111% |
| Amounts payable after more than one year | 17 | - | €26,227 | +€26,227 | |
| Financial debts | 170/4 | - | €26,227 | +€26,227 | |
| Amounts payable within one year | 42/48 | €61,450 | €103,244 | +€41,794 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,262 | +€9,262 | |
| Trade debts | 44 | €430 | €941 | +€511 | +119% |
| Suppliers | 440/4 | €430 | €941 | +€511 | +119% |
| Taxes, remuneration and social security | 45 | €7,873 | €7,977 | +€105 | +1.3% |
| Taxes | 450/3 | €7,873 | €7,977 | +€105 | +1.3% |
| Other amounts payable | 47/48 | €53,148 | €85,064 | +€31,916 | +60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,089 | €5,721 | -€368 | -6.0% |
| Other operating charges | 640/8 | €666 | €128 | -€538 | -80.8% |
| Non-recurring operating charges | 66A | - | €3,923 | +€3,923 | |
| Gross operating margin | 9900 | €70,951 | €76,284 | +€5,333 | +7.5% |
| Operating profit (loss) | 9901 | €64,196 | €66,512 | +€2,316 | +3.6% |
| Financial income | 75/76B | €18 | €4,389 | +€4,371 | +23,843% |
| Recurring financial income | 75 | €18 | €17 | -€1 | -5.8% |
| Non-recurring financial income | 76B | - | €4,372 | +€4,372 | |
| Financial charges | 65/66B | €154 | €787 | +€634 | +412% |
| Recurring financial charges | 65 | €154 | €787 | +€634 | +412% |
| Profit (loss) for the period before taxes | 9903 | €64,060 | €70,113 | +€6,053 | +9.4% |
| Income taxes | 67/77 | €13,612 | €14,378 | +€766 | +5.6% |
| Profit (loss) for the period | 9904 | €50,448 | €55,735 | +€5,287 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,448 | €55,735 | +€5,287 | +10.5% |
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 16 October 2026 via checked.be.