JeVaco: 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.
JeVaco
Largest movements
- Receivables within one year +€483,692
up €483,692 (+231.1%), from €209,294 to €692,985
of which Trade receivables: +€478,795
- Tangible fixed assets -€386,727
down €386,727 (-26.2%), from €1.5m to €1.1m
of which Land and buildings: -€380,292
- Debts after one year -€308,818
down €308,818 (-33.2%), from €929,865 to €621,047
- Trade debts +€225,724
up €225,724 (+74.7%), from €302,249 to €527,973
- Short-term financial debts +€100,000
new in 2025: €100,000
- Tax, wage and social debts +€74,279
up €74,279 (+116.3%), from €63,874 to €138,153
of which Taxes: +€62,515
- Profit (loss) carried forward +€53,037
up €53,037 (+9.2%), from €574,601 to €627,638
- Staff costs +€153,564
up €153,564 (+37.3%), from €411,743 to €565,307
- Other operating charges -€82,679
down €82,679 (-91.1%), from €90,715 to €8,036
- Depreciation +€56,884
up €56,884 (+62.0%), from €91,705 to €148,589
- Gross operating margin +€51,055
up €51,055 (+6.0%), from €853,068 to €904,123
- Taxes -€35,962
down €35,962 (-64.2%), from €56,034 to €20,072
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 | €2,015,954 | €2,142,779 | +€126,824 | +6.3% |
| Fixed assets | 21/28 | €1,474,495 | €1,099,674 | -€374,821 | -25.4% |
| Intangible fixed assets | 21 | - | €11,906 | +€11,906 | |
| Tangible fixed assets | 22/27 | €1,473,495 | €1,086,768 | -€386,727 | -26.2% |
| Land and buildings | 22 | €1,112,052 | €731,760 | -€380,292 | -34.2% |
| Plant, machinery and equipment | 23 | €137,629 | €165,691 | +€28,062 | +20.4% |
| Furniture and vehicles | 24 | €223,813 | €189,317 | -€34,497 | -15.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €541,459 | €1,043,104 | +€501,645 | +92.6% |
| Stocks and contracts in progress | 3 | €112,883 | €116,110 | +€3,228 | +2.9% |
| Stocks | 30/36 | €112,883 | €116,110 | +€3,228 | +2.9% |
| Amounts receivable within one year | 40/41 | €209,294 | €692,985 | +€483,692 | +231.1% |
| Trade receivables | 40 | €191,354 | €670,148 | +€478,795 | +250.2% |
| Other amounts receivable | 41 | €17,940 | €22,837 | +€4,897 | +27.3% |
| Cash at bank and in hand | 54/58 | €201,365 | €206,340 | +€4,975 | +2.5% |
| Deferred charges and accrued income | 490/1 | €17,918 | €27,669 | +€9,751 | +54.4% |
| Total equity and liabilities | 10/49 | €2,015,954 | €2,142,779 | +€126,824 | +6.3% |
| Equity | 10/15 | €595,061 | €648,098 | +€53,037 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €574,601 | €627,638 | +€53,037 | +9.2% |
| Amounts payable | 17/49 | €1,420,894 | €1,494,681 | +€73,787 | +5.2% |
| Amounts payable after more than one year | 17 | €929,865 | €621,047 | -€308,818 | -33.2% |
| Financial debts | 170/4 | €929,865 | €621,047 | -€308,818 | -33.2% |
| Amounts payable within one year | 42/48 | €481,155 | €860,767 | +€379,613 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €111,397 | €92,964 | -€18,433 | -16.5% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €302,249 | €527,973 | +€225,724 | +74.7% |
| Suppliers | 440/4 | €302,249 | €527,973 | +€225,724 | +74.7% |
| Taxes, remuneration and social security | 45 | €63,874 | €138,153 | +€74,279 | +116.3% |
| Taxes | 450/3 | €40,057 | €102,573 | +€62,515 | +156.1% |
| Remuneration and social security | 454/9 | €23,816 | €35,580 | +€11,764 | +49.4% |
| Other amounts payable | 47/48 | €3,635 | €1,678 | -€1,958 | -53.9% |
| Accrued charges and deferred income | 492/3 | €9,874 | €12,866 | +€2,992 | +30.3% |
| Non-recurring operating income | 76A | - | €21,060 | +€21,060 | |
| Remuneration, social security and pensions | 62 | €411,743 | €565,307 | +€153,564 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,705 | €148,589 | +€56,884 | +62.0% |
| Other operating charges | 640/8 | €90,715 | €8,036 | -€82,679 | -91.1% |
| Non-recurring operating charges | 66A | €2,355 | €63,528 | +€61,173 | +2597.8% |
| Gross operating margin | 9900 | €853,068 | €904,123 | +€51,055 | +6.0% |
| Operating profit (loss) | 9901 | €256,551 | €118,664 | -€137,887 | -53.7% |
| Financial income | 75/76B | €31 | €6 | -€25 | -79.4% |
| Recurring financial income | 75 | €31 | €6 | -€25 | -79.4% |
| Financial charges | 65/66B | €29,854 | €45,562 | +€15,708 | +52.6% |
| Recurring financial charges | 65 | €29,854 | €45,562 | +€15,708 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €226,728 | €73,109 | -€153,619 | -67.8% |
| Income taxes | 67/77 | €56,034 | €20,072 | -€35,962 | -64.2% |
| Profit (loss) for the period | 9904 | €170,694 | €53,037 | -€117,657 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,694 | €53,037 | -€117,657 | -68.9% |
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.