JEV: 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.
JEV
Largest movements
- Tangible fixed assets -€14,072
down €14,072 (-15.3%), from €92,066 to €77,994
of which Plant, machinery and equipment: -€13,685
- Cash -€11,396
down €11,396 (-65.9%), from €17,294 to €5,898
mainly Trade debts (-€15,015) and Net result for the year (-€7,464)
- Stocks and contracts +€3,137
up €3,137 (+58.9%), from €5,322 to €8,459
- Intangible fixed assets -€3,100
down €3,100 (-14.3%), from €21,700 to €18,600
- Receivables within one year +€2,414
up €2,414 (+415.5%), from €581 to €2,995
of which Trade receivables: +€2,806
- Trade debts -€15,015
down €15,015 (-70.0%), from €21,448 to €6,434
- Profit (loss) carried forward -€7,464
down €7,464 (-10.3%), from -€72,648 to -€80,112
- Gross operating margin +€14,481
up €14,481 (+134.4%), from €10,771 to €25,252
- Taxes +€4,138
new in 2025: €4,138
- Financial charges +€1,031
up €1,031 (+15.2%), from €6,780 to €7,811
- Other operating charges +€749
up €749 (+29.8%), from €2,516 to €3,264
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 | €136,998 | €113,946 | -€23,052 | -16.8% |
| Fixed assets | 21/28 | €113,766 | €96,594 | -€17,172 | -15.1% |
| Intangible fixed assets | 21 | €21,700 | €18,600 | -€3,100 | -14.3% |
| Tangible fixed assets | 22/27 | €92,066 | €77,994 | -€14,072 | -15.3% |
| Plant, machinery and equipment | 23 | €89,331 | €75,646 | -€13,685 | -15.3% |
| Other tangible fixed assets | 26 | €2,736 | €2,348 | -€387 | -14.2% |
| Current assets | 29/58 | €23,232 | €17,352 | -€5,880 | -25.3% |
| Stocks and contracts in progress | 3 | €5,322 | €8,459 | +€3,137 | +58.9% |
| Stocks | 30/36 | €5,322 | €8,459 | +€3,137 | +58.9% |
| Amounts receivable within one year | 40/41 | €581 | €2,995 | +€2,414 | +415.5% |
| Trade receivables | 40 | €189 | €2,995 | +€2,806 | +1484.6% |
| Other amounts receivable | 41 | €392 | - | -€392 | |
| Cash at bank and in hand | 54/58 | €17,294 | €5,898 | -€11,396 | -65.9% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €136,998 | €113,946 | -€23,052 | -16.8% |
| Equity | 10/15 | -€72,548 | -€80,012 | -€7,464 | -10.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,648 | -€80,112 | -€7,464 | -10.3% |
| Amounts payable | 17/49 | €209,546 | €193,958 | -€15,588 | -7.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,546 | €93,958 | -€15,588 | -14.2% |
| Trade debts | 44 | €21,448 | €6,434 | -€15,015 | -70.0% |
| Suppliers | 440/4 | €21,448 | €6,434 | -€15,015 | -70.0% |
| Taxes, remuneration and social security | 45 | €6,860 | €6,581 | -€279 | -4.1% |
| Taxes | 450/3 | €6,860 | €5,868 | -€992 | -14.5% |
| Remuneration and social security | 454/9 | - | €713 | +€713 | |
| Other amounts payable | 47/48 | €81,238 | €80,943 | -€295 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,983 | €18,002 | +€19 | +0.1% |
| Other operating charges | 640/8 | €2,516 | €3,264 | +€749 | +29.8% |
| Gross operating margin | 9900 | €10,771 | €25,252 | +€14,481 | +134.4% |
| Operating profit (loss) | 9901 | -€9,728 | €3,985 | +€13,713 | |
| Financial income | 75/76B | €278 | €500 | +€222 | +80.0% |
| Recurring financial income | 75 | €278 | €500 | +€222 | +80.0% |
| Financial charges | 65/66B | €6,780 | €7,811 | +€1,031 | +15.2% |
| Recurring financial charges | 65 | €6,780 | €7,811 | +€1,031 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,230 | -€3,326 | +€12,904 | +79.5% |
| Income taxes | 67/77 | - | €4,138 | +€4,138 | |
| Profit (loss) for the period | 9904 | -€16,230 | -€7,464 | +€8,766 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,230 | -€7,464 | +€8,766 | +54.0% |
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 7 October 2026 via checked.be.