JCV: 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.
JCV
Largest movements
- Receivables within one year -€3,438
down €3,438 (-33.6%), from €10,239 to €6,801
of which Trade receivables: -€4,430
- Current investments +€790
up €790 (+6.3%), from €12,563 to €13,353
- Tangible fixed assets -€341
down €341 (-10.0%), from €3,414 to €3,073
of which Furniture and vehicles: -€3,357
- Profit (loss) carried forward -€8,426
down €8,426 (-52.6%), from -€16,007 to -€24,433
- Trade debts +€6,228
new in 2025: €6,228
- Debts after one year -€1,500
down €1,500 (-57.1%), from €2,625 to €1,125
- Other debts +€1,047
up €1,047 (+6.3%), from €16,489 to €17,536
- Short-term financial debts -€325
down €325 (-14.5%), from €2,247 to €1,922
- Gross operating margin -€5,399
down €5,399 (-238%), from -€2,264 to -€7,663
- Depreciation -€943
down €943 (-69.5%), from €1,357 to €414
- Other operating charges -€93
down €93 (-37.5%), from €248 to €155
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,216 | €23,227 | -€2,989 | -11.4% |
| Fixed assets | 21/28 | €3,414 | €3,073 | -€341 | -10.0% |
| Tangible fixed assets | 22/27 | €3,414 | €3,073 | -€341 | -10.0% |
| Plant, machinery and equipment | 23 | €57 | €3,073 | +€3,016 | +5,291% |
| Furniture and vehicles | 24 | €3,357 | - | -€3,357 | |
| Current assets | 29/58 | €22,802 | €20,154 | -€2,648 | -11.6% |
| Amounts receivable within one year | 40/41 | €10,239 | €6,801 | -€3,438 | -33.6% |
| Trade receivables | 40 | €10,214 | €5,784 | -€4,430 | -43.4% |
| Other amounts receivable | 41 | €25 | €1,017 | +€992 | +3,968% |
| Current investments | 50/53 | €12,563 | €13,353 | +€790 | +6.3% |
| Total equity and liabilities | 10/49 | €26,216 | €23,227 | -€2,989 | -11.4% |
| Equity | 10/15 | €3,342 | -€5,084 | -€8,426 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,349 | €16,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Other | 1319 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €16,049 | €16,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,007 | -€24,433 | -€8,426 | -52.6% |
| Amounts payable | 17/49 | €22,874 | €28,311 | +€5,437 | +23.8% |
| Amounts payable after more than one year | 17 | €2,625 | €1,125 | -€1,500 | -57.1% |
| Financial debts | 170/4 | €2,625 | €1,125 | -€1,500 | -57.1% |
| Amounts payable within one year | 42/48 | €20,249 | €27,186 | +€6,937 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,500 | = | 0.0% |
| Financial debts | 43 | €2,247 | €1,922 | -€325 | -14.5% |
| Credit institutions | 430/8 | €2,247 | €1,922 | -€325 | -14.5% |
| Trade debts | 44 | - | €6,228 | +€6,228 | |
| Suppliers | 440/4 | - | €6,228 | +€6,228 | |
| Taxes, remuneration and social security | 45 | €13 | - | -€13 | |
| Taxes | 450/3 | €13 | - | -€13 | |
| Other amounts payable | 47/48 | €16,489 | €17,536 | +€1,047 | +6.3% |
| Non-recurring operating income | 76A | - | €5,220 | +€5,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,357 | €414 | -€943 | -69.5% |
| Other operating charges | 640/8 | €248 | €155 | -€93 | -37.5% |
| Gross operating margin | 9900 | -€2,264 | -€7,663 | -€5,399 | -238% |
| Operating profit (loss) | 9901 | -€3,869 | -€8,232 | -€4,363 | -113% |
| Financial income | 75/76B | €9 | €3 | -€6 | -66.7% |
| Recurring financial income | 75 | €9 | €3 | -€6 | -66.7% |
| Financial charges | 65/66B | €148 | €197 | +€49 | +33.1% |
| Recurring financial charges | 65 | €148 | €197 | +€49 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,008 | -€8,426 | -€4,418 | -110% |
| Profit (loss) for the period | 9904 | -€4,008 | -€8,426 | -€4,418 | -110% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,008 | -€8,426 | -€4,418 | -110% |
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 14 October 2026 via checked.be.