JCVEX: 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.
JCVEX
Largest movements
- Current investments +€9,000
up €9,000 (+54.5%), from €16,500 to €25,500
- Cash +€5,164
up €5,164 (+29.7%), from €17,397 to €22,560
mainly Net result for the year (+€10,998) and Trade debts (+€1,361)
- Tangible fixed assets -€893
down €893 (-33.8%), from €2,641 to €1,748
- Receivables within one year -€620
down €620 (-7.6%), from €8,117 to €7,496
of which Trade receivables: -€727
- Reserves +€10,998
up €10,998 (+34.9%), from €31,471 to €42,469
- Trade debts +€1,361
up €1,361 (+264.9%), from €514 to €1,875
- Gross operating margin +€7,571
up €7,571 (+85.3%), from €8,876 to €16,448
- Taxes +€2,147
up €2,147 (+95.6%), from €2,247 to €4,393
- Financial income +€1,007
up €1,007 (+50.5%), from €1,995 to €3,002
- Financial charges +€511
up €511 (+28.9%), from €1,767 to €2,278
- Other operating charges +€287
up €287 (+47.9%), from €600 to €887
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 | €45,168 | €57,823 | +€12,655 | +28.0% |
| Fixed assets | 21/28 | €2,641 | €1,748 | -€893 | -33.8% |
| Tangible fixed assets | 22/27 | €2,641 | €1,748 | -€893 | -33.8% |
| Plant, machinery and equipment | 23 | €2,641 | €1,748 | -€893 | -33.8% |
| Current assets | 29/58 | €42,527 | €56,074 | +€13,548 | +31.9% |
| Amounts receivable within one year | 40/41 | €8,117 | €7,496 | -€620 | -7.6% |
| Trade receivables | 40 | €3,363 | €2,636 | -€727 | -21.6% |
| Other amounts receivable | 41 | €4,753 | €4,860 | +€107 | +2.2% |
| Current investments | 50/53 | €16,500 | €25,500 | +€9,000 | +54.5% |
| Cash at bank and in hand | 54/58 | €17,397 | €22,560 | +€5,164 | +29.7% |
| Deferred charges and accrued income | 490/1 | €514 | €518 | +€4 | +0.8% |
| Total equity and liabilities | 10/49 | €45,168 | €57,823 | +€12,655 | +28.0% |
| Equity | 10/15 | €41,471 | €52,469 | +€10,998 | +26.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €31,471 | €42,469 | +€10,998 | +34.9% |
| Distributable reserves | 133 | €31,471 | €42,469 | +€10,998 | +34.9% |
| Amounts payable | 17/49 | €3,698 | €5,354 | +€1,657 | +44.8% |
| Amounts payable within one year | 42/48 | €3,698 | €5,354 | +€1,657 | +44.8% |
| Trade debts | 44 | €514 | €1,875 | +€1,361 | +264.9% |
| Suppliers | 440/4 | €514 | €1,875 | +€1,361 | +264.9% |
| Taxes, remuneration and social security | 45 | €2,532 | €2,972 | +€440 | +17.4% |
| Taxes | 450/3 | €2,532 | €2,972 | +€440 | +17.4% |
| Other amounts payable | 47/48 | €652 | €508 | -€145 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €893 | -€57 | -6.0% |
| Other operating charges | 640/8 | €600 | €887 | +€287 | +47.9% |
| Gross operating margin | 9900 | €8,876 | €16,448 | +€7,571 | +85.3% |
| Operating profit (loss) | 9901 | €7,327 | €14,668 | +€7,341 | +100.2% |
| Financial income | 75/76B | €1,995 | €3,002 | +€1,007 | +50.5% |
| Recurring financial income | 75 | €1,995 | €3,002 | +€1,007 | +50.5% |
| Financial charges | 65/66B | €1,767 | €2,278 | +€511 | +28.9% |
| Recurring financial charges | 65 | €1,767 | €2,278 | +€511 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €7,554 | €15,391 | +€7,837 | +103.7% |
| Income taxes | 67/77 | €2,247 | €4,393 | +€2,147 | +95.6% |
| Profit (loss) for the period | 9904 | €5,308 | €10,998 | +€5,690 | +107.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,308 | €10,998 | +€5,690 | +107.2% |
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 9 October 2026 via checked.be.