JEVA: 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.
What changed
JEVA
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,122
2024 · €290,647-€269,525
Equity
€1.6m
2024 · €1.7m-€104,568
Cash
€138,874
2024 · €607,053-€468,179
Balance sheet total
€1.7m
2024 · €2.0m-€313,848
Largest movements
Assets
- Cash -€468,179
down €468,179 (-77.1%), from €607,053 to €138,874
mainly Current investments (-€217,007) and Other debts (-€170,341)
- Current investments +€217,007
up €217,007 (+76.7%), from €282,993 to €500,000
- Tangible fixed assets -€57,175
down €57,175 (-18.3%), from €311,740 to €254,565
of which Other tangible fixed assets: -€52,936
Equity and liabilities
- Other debts -€170,341
down €170,341 (-99.6%), from €171,027 to €686
- Reserves -€104,568
down €104,568 (-6.1%), from €1.7m to €1.6m
of which Distributable reserves: -€104,568
- Trade debts -€26,284
down €26,284 (-66.6%), from €39,488 to €13,204
Income statement
- Gross operating margin -€321,275
down €321,275 (-38.0%), from €844,385 to €523,110
- Taxes -€27,063
down €27,063 (-70.6%), from €38,337 to €11,274
- Staff costs -€15,457
down €15,457 (-3.3%), from €475,300 to €459,843
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.
Result 2024
€290,647
Gross operating margin
-€321,275
Staff costs
+€15,457
Depreciation
+€1,557
Other operating charges
-€315
Other operating items
+€916
Financial income
+€6,479
Financial charges
+€593
Taxes
+€27,063
Result 2025
€21,122
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€106,872
Investment
-€221,859
Financing
-€139,448
Cash 2024
€607,053
From operations (derived)
-€106,872
Net result for the year
+€21,122
Depreciation
+€57,833
Receivables after one year
+€8,250
Stocks and contracts
+€1,648
Receivables within one year
-€2,031
Deferred charges and accrued income
+€1,829
Trade debts
-€26,284
Tax, wage and social debts
+€1,071
Other debts
-€170,341
Accrued charges and deferred income
+€32
Investment (derived)
-€221,859
Investment in fixed assets (net)
-€4,852
Current investments
-€217,007
Financing
-€139,448
Debts after one year
-€600
Current portion of long-term debt
-€13,158
Contributions, distributions and other
-€125,690
Cash 2025
€138,874
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,997,044 | €1,683,195 | -€313,848 | -15.7% |
| Fixed assets | 21/28 | €324,228 | €271,246 | -€52,981 | -16.3% |
| Intangible fixed assets | 21 | €12,488 | €16,681 | +€4,194 | +33.6% |
| Tangible fixed assets | 22/27 | €311,740 | €254,565 | -€57,175 | -18.3% |
| Plant, machinery and equipment | 23 | €12,409 | €9,641 | -€2,769 | -22.3% |
| Furniture and vehicles | 24 | €3,761 | €2,291 | -€1,470 | -39.1% |
| Other tangible fixed assets | 26 | €295,569 | €242,633 | -€52,936 | -17.9% |
| Current assets | 29/58 | €1,672,816 | €1,411,949 | -€260,867 | -15.6% |
| Amounts receivable after more than one year | 29 | €138,188 | €129,938 | -€8,250 | -6.0% |
| Other amounts receivable | 291 | €138,188 | €129,938 | -€8,250 | -6.0% |
| Stocks and contracts in progress | 3 | €103,420 | €101,772 | -€1,648 | -1.6% |
| Stocks | 30/36 | €103,420 | €101,772 | -€1,648 | -1.6% |
| Amounts receivable within one year | 40/41 | €535,106 | €537,137 | +€2,031 | +0.4% |
| Trade receivables | 40 | €505,553 | €512,138 | +€6,585 | +1.3% |
| Other amounts receivable | 41 | €29,553 | €24,999 | -€4,554 | -15.4% |
| Current investments | 50/53 | €282,993 | €500,000 | +€217,007 | +76.7% |
| Cash at bank and in hand | 54/58 | €607,053 | €138,874 | -€468,179 | -77.1% |
| Deferred charges and accrued income | 490/1 | €6,057 | €4,228 | -€1,829 | -30.2% |
| Total equity and liabilities | 10/49 | €1,997,044 | €1,683,195 | -€313,848 | -15.7% |
| Equity | 10/15 | €1,728,949 | €1,624,381 | -€104,568 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,710,349 | €1,605,781 | -€104,568 | -6.1% |
| Tax-exempt reserves | 132 | €10,218 | €10,218 | = | 0.0% |
| Distributable reserves | 133 | €1,700,131 | €1,595,563 | -€104,568 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €268,094 | €58,814 | -€209,280 | -78.1% |
| Amounts payable after more than one year | 17 | €600 | €0 | -€600 | -100% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €600 | €0 | -€600 | -100% |
| Amounts payable within one year | 42/48 | €267,494 | €58,782 | -€208,712 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €13,158 | €0 | -€13,158 | -100% |
| Trade debts | 44 | €39,488 | €13,204 | -€26,284 | -66.6% |
| Suppliers | 440/4 | €39,488 | €13,204 | -€26,284 | -66.6% |
| Taxes, remuneration and social security | 45 | €43,822 | €44,892 | +€1,071 | +2.4% |
| Taxes | 450/3 | €28,166 | €23,266 | -€4,900 | -17.4% |
| Remuneration and social security | 454/9 | €15,656 | €21,627 | +€5,971 | +38.1% |
| Other amounts payable | 47/48 | €171,027 | €686 | -€170,341 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Non-recurring operating income | 76A | €85,180 | €4,061 | -€81,119 | -95.2% |
| Remuneration, social security and pensions | 62 | €475,300 | €459,843 | -€15,457 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,390 | €57,833 | -€1,557 | -2.6% |
| Other operating charges | 640/8 | €12,703 | €13,018 | +€315 | +2.5% |
| Non-recurring operating charges | 66A | €2,939 | €2,022 | -€916 | -31.2% |
| Gross operating margin | 9900 | €844,385 | €523,110 | -€321,275 | -38.0% |
| Operating profit (loss) | 9901 | €294,054 | -€9,607 | -€303,661 | |
| Financial income | 75/76B | €36,633 | €43,112 | +€6,479 | +17.7% |
| Recurring financial income | 75 | €36,633 | €43,112 | +€6,479 | +17.7% |
| Financial charges | 65/66B | €1,703 | €1,110 | -€593 | -34.8% |
| Recurring financial charges | 65 | €1,703 | €1,110 | -€593 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €328,984 | €32,396 | -€296,588 | -90.2% |
| Income taxes | 67/77 | €38,337 | €11,274 | -€27,063 | -70.6% |
| Profit (loss) for the period | 9904 | €290,647 | €21,122 | -€269,525 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €290,647 | €21,122 | -€269,525 | -92.7% |
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 24 October 2026 via checked.be.