JIVE: 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.
JIVE
Largest movements
- Current investments -€180,289
down €180,289 (-7.2%), from €2.5m to €2.3m
- Cash +€102,492
up €102,492 (+73.3%), from €139,821 to €242,314
mainly Current investments (+€180,289) and Receivables within one year (+€16,210)
- Other debts -€102,470
down €102,470 (-27.9%), from €367,001 to €264,531
- Financial income +€40,639
up €40,639 (+40.0%), from €101,522 to €142,161
- Taxes +€26,448
up €26,448 (+784%), from €3,375 to €29,823
- Financial charges +€15,645
up €15,645 (+19.4%), from €80,469 to €96,114
- Gross operating margin -€5,289
down €5,289 (-138%), from -€3,831 to -€9,120
- Depreciation +€4,934
up €4,934 (+511%), from €966 to €5,901
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,320,217 | €4,220,320 | -€99,897 | -2.3% |
| Fixed assets | 21/28 | €1,623,641 | €1,617,740 | -€5,901 | -0.4% |
| Intangible fixed assets | 21 | €989,159 | €989,159 | = | 0.0% |
| Tangible fixed assets | 22/27 | €151,982 | €146,082 | -€5,901 | -3.9% |
| Land and buildings | 22 | €151,866 | €146,082 | -€5,785 | -3.8% |
| Furniture and vehicles | 24 | €116 | €0 | -€116 | -100% |
| Financial fixed assets | 28 | €482,500 | €482,500 | = | 0.0% |
| Current assets | 29/58 | €2,696,576 | €2,602,580 | -€93,996 | -3.5% |
| Amounts receivable within one year | 40/41 | €58,184 | €41,973 | -€16,210 | -27.9% |
| Other amounts receivable | 41 | €58,184 | €41,973 | -€16,210 | -27.9% |
| Current investments | 50/53 | €2,496,677 | €2,316,388 | -€180,289 | -7.2% |
| Cash at bank and in hand | 54/58 | €139,821 | €242,314 | +€102,492 | +73.3% |
| Deferred charges and accrued income | 490/1 | €1,894 | €1,905 | +€11 | +0.6% |
| Total equity and liabilities | 10/49 | €4,320,217 | €4,220,320 | -€99,897 | -2.3% |
| Equity | 10/15 | €3,950,731 | €3,942,384 | -€8,347 | -0.2% |
| Contributions | 10/11 | €1,274,075 | €1,274,075 | = | 0.0% |
| Capital | 10 | €1,274,075 | €1,274,075 | = | 0.0% |
| Issued capital | 100 | €1,274,075 | €1,274,075 | = | 0.0% |
| Reserves | 13 | €2,710,120 | €2,710,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,645,099 | €286,820 | -€2.4m | -89.2% |
| Legal reserve | 130 | €286,820 | €286,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,358,279 | €0 | -€2.4m | -100% |
| Tax-exempt reserves | 132 | €7,718 | €7,718 | = | 0.0% |
| Distributable reserves | 133 | €57,304 | €2,415,583 | +€2.4m | +4,115% |
| Profit (loss) carried forward | 14 | -€33,465 | -€41,812 | -€8,347 | -24.9% |
| Amounts payable | 17/49 | €369,487 | €277,936 | -€91,551 | -24.8% |
| Amounts payable within one year | 42/48 | €368,262 | €276,711 | -€91,551 | -24.9% |
| Trade debts | 44 | €1,261 | €2,254 | +€994 | +78.8% |
| Suppliers | 440/4 | €1,261 | €2,254 | +€994 | +78.8% |
| Taxes, remuneration and social security | 45 | - | €9,926 | +€9,926 | |
| Taxes | 450/3 | - | €9,926 | +€9,926 | |
| Other amounts payable | 47/48 | €367,001 | €264,531 | -€102,470 | -27.9% |
| Accrued charges and deferred income | 492/3 | €1,225 | €1,225 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €5,901 | +€4,934 | +511% |
| Other operating charges | 640/8 | €9,316 | €9,550 | +€234 | +2.5% |
| Gross operating margin | 9900 | -€3,831 | -€9,120 | -€5,289 | -138% |
| Operating profit (loss) | 9901 | -€14,113 | -€24,570 | -€10,458 | -74.1% |
| Financial income | 75/76B | €101,522 | €142,161 | +€40,639 | +40.0% |
| Recurring financial income | 75 | €101,522 | €142,161 | +€40,639 | +40.0% |
| Financial charges | 65/66B | €80,469 | €96,114 | +€15,645 | +19.4% |
| Recurring financial charges | 65 | €80,469 | €96,114 | +€15,645 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €6,941 | €21,477 | +€14,536 | +209% |
| Income taxes | 67/77 | €3,375 | €29,823 | +€26,448 | +784% |
| Profit (loss) for the period | 9904 | €3,565 | -€8,347 | -€11,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,565 | -€8,347 | -€11,912 |
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 15 October 2026 via checked.be.