JAVOROVAC: what changed
JAVOROVAC
Largest movements
- Tangible fixed assets +€230,142
up €230,142 (+430%), from €53,563 to €283,706
of which Land and buildings: +€254,325
- Receivables within one year +€65,825
up €65,825 (+150%), from €43,886 to €109,710
of which Trade receivables: +€53,455
- Stocks and contracts -€47,661
down €47,661 (-33.8%), from €141,150 to €93,489
- Cash +€19,633
up €19,633 (+162%), from €12,099 to €31,733
mainly Debts after one year (+€139,744) and Short-term financial debts (+€125,000)
- Debts after one year +€139,744
up €139,744 (+135%), from €103,408 to €243,152
- Short-term financial debts +€125,000
new in 2025: €125,000
- Trade debts +€11,444
up €11,444 (+83.1%), from €13,767 to €25,212
- Profit (loss) carried forward -€11,371
down €11,371 (-17.0%), from €66,721 to €55,350
- Current portion of long-term debt +€6,684
up €6,684 (+21.3%), from €31,447 to €38,131
- Gross operating margin -€85,926
down €85,926 (-88.6%), from €96,972 to €11,046
- Taxes -€19,989
down €19,989 (-99.9%), from €20,000 to €11
- Depreciation +€7,650
up €7,650 (+269%), from €2,841 to €10,491
- Other operating charges +€2,809
up €2,809 (+1,873%), from €150 to €2,959
- Financial charges +€1,637
up €1,637 (+22.5%), from €7,260 to €8,897
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,199 | €524,746 | +€271,547 | +107% |
| Fixed assets | 21/28 | €53,563 | €283,706 | +€230,142 | +430% |
| Tangible fixed assets | 22/27 | €53,563 | €283,706 | +€230,142 | +430% |
| Land and buildings | 22 | €5,064 | €259,389 | +€254,325 | +5,022% |
| Plant, machinery and equipment | 23 | €12,065 | €9,430 | -€2,634 | -21.8% |
| Furniture and vehicles | 24 | €36,435 | €14,886 | -€21,549 | -59.1% |
| Current assets | 29/58 | €199,636 | €241,041 | +€41,405 | +20.7% |
| Stocks and contracts in progress | 3 | €141,150 | €93,489 | -€47,661 | -33.8% |
| Stocks | 30/36 | €141,150 | €93,489 | -€47,661 | -33.8% |
| Amounts receivable within one year | 40/41 | €43,886 | €109,710 | +€65,825 | +150% |
| Trade receivables | 40 | €43,645 | €97,100 | +€53,455 | +122% |
| Other amounts receivable | 41 | €241 | €12,610 | +€12,370 | +5,143% |
| Cash at bank and in hand | 54/58 | €12,099 | €31,733 | +€19,633 | +162% |
| Deferred charges and accrued income | 490/1 | €2,501 | €6,108 | +€3,608 | +144% |
| Total equity and liabilities | 10/49 | €253,199 | €524,746 | +€271,547 | +107% |
| Equity | 10/15 | €86,721 | €75,350 | -€11,371 | -13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,721 | €55,350 | -€11,371 | -17.0% |
| Amounts payable | 17/49 | €166,478 | €449,396 | +€282,919 | +170% |
| Amounts payable after more than one year | 17 | €103,408 | €243,152 | +€139,744 | +135% |
| Financial debts | 170/4 | €103,408 | €243,152 | +€139,744 | +135% |
| Amounts payable within one year | 42/48 | €63,069 | €203,343 | +€140,274 | +222% |
| Current portion of amounts payable after more than one year | 42 | €31,447 | €38,131 | +€6,684 | +21.3% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €13,767 | €25,212 | +€11,444 | +83.1% |
| Suppliers | 440/4 | €13,767 | €25,212 | +€11,444 | +83.1% |
| Taxes, remuneration and social security | 45 | €17,855 | €15,000 | -€2,855 | -16.0% |
| Taxes | 450/3 | €17,855 | €15,000 | -€2,855 | -16.0% |
| Accrued charges and deferred income | 492/3 | - | €2,901 | +€2,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €10,491 | +€7,650 | +269% |
| Other operating charges | 640/8 | €150 | €2,959 | +€2,809 | +1,873% |
| Non-recurring operating charges | 66A | - | €128 | +€128 | |
| Gross operating margin | 9900 | €96,972 | €11,046 | -€85,926 | -88.6% |
| Operating profit (loss) | 9901 | €93,981 | -€2,533 | -€96,514 | |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €7,260 | €8,897 | +€1,637 | +22.5% |
| Recurring financial charges | 65 | €7,260 | €8,897 | +€1,637 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €86,721 | -€11,360 | -€98,081 | |
| Income taxes | 67/77 | €20,000 | €11 | -€19,989 | -99.9% |
| Profit (loss) for the period | 9904 | €66,721 | -€11,371 | -€78,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,721 | -€11,371 | -€78,093 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.