JDVV: 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.
JDVV
Largest movements
- Tangible fixed assets -€24,651
down €24,651 (-11.2%), from €219,711 to €195,060
- Cash +€15,617
up €15,617 (+37.2%), from €42,027 to €57,644
mainly Net result for the year (+€95,053) and Debts after one year (+€50,296)
- Current investments +€8,000
new in 2025: €8,000
- Debts after one year +€50,296
up €50,296 (+28.1%), from €179,232 to €229,528
of which Other amounts payable: +€100,992
- Other debts -€48,316
down €48,316 (-95.9%), from €50,401 to €2,085
- Current portion of long-term debt -€34,500
down €34,500 (-40.5%), from €85,196 to €50,696
- Tax, wage and social debts +€14,983
up €14,983 (+358.4%), from €4,180 to €19,162
- Reserves +€14,153
up €14,153 (+3.5%), from €408,088 to €422,241
- Gross operating margin -€11,824
down €11,824 (-6.6%), from €180,456 to €168,632
- Taxes -€3,995
down €3,995 (-8.4%), from €47,629 to €43,635
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 | €759,127 | €758,203 | -€925 | -0.1% |
| Fixed assets | 21/28 | €715,921 | €691,270 | -€24,651 | -3.4% |
| Tangible fixed assets | 22/27 | €219,711 | €195,060 | -€24,651 | -11.2% |
| Land and buildings | 22 | €123,452 | €116,588 | -€6,864 | -5.6% |
| Plant, machinery and equipment | 23 | €5,603 | €3,998 | -€1,605 | -28.6% |
| Furniture and vehicles | 24 | €46,991 | €35,648 | -€11,343 | -24.1% |
| Other tangible fixed assets | 26 | €43,665 | €38,826 | -€4,839 | -11.1% |
| Financial fixed assets | 28 | €496,209 | €496,209 | = | 0.0% |
| Current assets | 29/58 | €43,207 | €66,933 | +€23,727 | +54.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | - | €8,000 | +€8,000 | |
| Cash at bank and in hand | 54/58 | €42,027 | €57,644 | +€15,617 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,180 | €1,290 | +€110 | +9.3% |
| Total equity and liabilities | 10/49 | €759,127 | €758,203 | -€925 | -0.1% |
| Equity | 10/15 | €426,737 | €440,890 | +€14,153 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €408,088 | €422,241 | +€14,153 | +3.5% |
| Distributable reserves | 133 | €408,088 | €422,241 | +€14,153 | +3.5% |
| Profit (loss) carried forward | 14 | €50 | €50 | = | 0.0% |
| Amounts payable | 17/49 | €332,390 | €317,313 | -€15,078 | -4.5% |
| Amounts payable after more than one year | 17 | €179,232 | €229,528 | +€50,296 | +28.1% |
| Financial debts | 170/4 | €179,232 | €128,536 | -€50,696 | -28.3% |
| Other amounts payable | 178/9 | - | €100,992 | +€100,992 | |
| Amounts payable within one year | 42/48 | €152,925 | €87,521 | -€65,404 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €85,196 | €50,696 | -€34,500 | -40.5% |
| Financial debts | 43 | €11,833 | €13,460 | +€1,628 | +13.8% |
| Credit institutions | 430/8 | €11,833 | €13,460 | +€1,628 | +13.8% |
| Trade debts | 44 | €1,316 | €2,117 | +€802 | +60.9% |
| Suppliers | 440/4 | €1,316 | €2,117 | +€802 | +60.9% |
| Taxes, remuneration and social security | 45 | €4,180 | €19,162 | +€14,983 | +358.4% |
| Taxes | 450/3 | €4,180 | €19,162 | +€14,983 | +358.4% |
| Other amounts payable | 47/48 | €50,401 | €2,085 | -€48,316 | -95.9% |
| Accrued charges and deferred income | 492/3 | €233 | €264 | +€31 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,253 | €28,520 | +€1,267 | +4.6% |
| Other operating charges | 640/8 | €3,054 | €2,372 | -€683 | -22.4% |
| Gross operating margin | 9900 | €180,456 | €168,632 | -€11,824 | -6.6% |
| Operating profit (loss) | 9901 | €150,149 | €137,741 | -€12,408 | -8.3% |
| Financial income | 75/76B | €10,000 | €10,000 | = | 0.0% |
| Recurring financial income | 75 | €10,000 | €10,000 | = | 0.0% |
| Financial charges | 65/66B | €9,167 | €9,053 | -€114 | -1.2% |
| Recurring financial charges | 65 | €9,167 | €9,053 | -€114 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €150,982 | €138,688 | -€12,294 | -8.1% |
| Income taxes | 67/77 | €47,629 | €43,635 | -€3,995 | -8.4% |
| Profit (loss) for the period | 9904 | €103,352 | €95,053 | -€8,299 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,352 | €95,053 | -€8,299 | -8.0% |
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 3 October 2026 via checked.be.