JIVICO: 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.
JIVICO
Largest movements
- Current investments +€61,189
up €61,189 (+20.1%), from €303,896 to €365,085
- Receivables within one year +€29,988
up €29,988 (+32.4%), from €92,489 to €122,476
of which Other amounts receivable: +€16,103
- Tangible fixed assets -€8,932
down €8,932 (-4.0%), from €221,957 to €213,025
of which Furniture and vehicles: -€7,580
- Reserves +€34,858
up €34,858 (+26.3%), from €132,549 to €167,406
of which Distributable reserves: +€40,000
- Profit (loss) carried forward +€30,042
up €30,042 (+7.6%), from €394,678 to €424,720
- Tax, wage and social debts +€9,461
up €9,461 (+194.1%), from €4,875 to €14,336
- Gross operating margin +€64,022
up €64,022 (+170.4%), from €37,571 to €101,593
- Taxes +€14,317
up €14,317 (+177.6%), from €8,060 to €22,377
- Financial charges +€2,182
up €2,182 (+2671.4%), from €82 to €2,264
- Depreciation +€1,077
up €1,077 (+6.5%), from €16,452 to €17,529
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 | €640,389 | €718,708 | +€78,319 | +12.2% |
| Fixed assets | 21/28 | €223,982 | €215,050 | -€8,932 | -4.0% |
| Tangible fixed assets | 22/27 | €221,957 | €213,025 | -€8,932 | -4.0% |
| Land and buildings | 22 | €209,933 | €208,581 | -€1,352 | -0.6% |
| Furniture and vehicles | 24 | €12,024 | €4,444 | -€7,580 | -63.0% |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €416,406 | €503,657 | +€87,251 | +21.0% |
| Amounts receivable within one year | 40/41 | €92,489 | €122,476 | +€29,988 | +32.4% |
| Trade receivables | 40 | €75,015 | €88,900 | +€13,885 | +18.5% |
| Other amounts receivable | 41 | €17,474 | €33,576 | +€16,103 | +92.2% |
| Current investments | 50/53 | €303,896 | €365,085 | +€61,189 | +20.1% |
| Cash at bank and in hand | 54/58 | €20,022 | €15,565 | -€4,457 | -22.3% |
| Deferred charges and accrued income | 490/1 | - | €532 | +€532 | |
| Total equity and liabilities | 10/49 | €640,389 | €718,708 | +€78,319 | +12.2% |
| Equity | 10/15 | €549,226 | €614,126 | +€64,900 | +11.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €132,549 | €167,406 | +€34,858 | +26.3% |
| Tax-exempt reserves | 132 | €132,549 | €127,406 | -€5,143 | -3.9% |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €394,678 | €424,720 | +€30,042 | +7.6% |
| Provisions and deferred taxes | 16 | €58,137 | €56,852 | -€1,285 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Deferred taxes | 168 | €33,137 | €31,852 | -€1,285 | -3.9% |
| Amounts payable | 17/49 | €33,025 | €47,730 | +€14,705 | +44.5% |
| Amounts payable within one year | 42/48 | €33,025 | €45,407 | +€12,382 | +37.5% |
| Trade debts | 44 | €151 | €17 | -€133 | -88.5% |
| Suppliers | 440/4 | €151 | €17 | -€133 | -88.5% |
| Taxes, remuneration and social security | 45 | €4,875 | €14,336 | +€9,461 | +194.1% |
| Taxes | 450/3 | €4,875 | €14,336 | +€9,461 | +194.1% |
| Other amounts payable | 47/48 | €27,999 | €31,054 | +€3,055 | +10.9% |
| Accrued charges and deferred income | 492/3 | - | €2,322 | +€2,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,452 | €17,529 | +€1,077 | +6.5% |
| Other operating charges | 640/8 | €2,215 | €2,319 | +€104 | +4.7% |
| Gross operating margin | 9900 | €37,571 | €101,593 | +€64,022 | +170.4% |
| Operating profit (loss) | 9901 | €18,905 | €81,745 | +€62,840 | +332.4% |
| Financial income | 75/76B | €6,937 | €6,510 | -€428 | -6.2% |
| Recurring financial income | 75 | €6,937 | €6,510 | -€428 | -6.2% |
| Financial charges | 65/66B | €82 | €2,264 | +€2,182 | +2671.4% |
| Recurring financial charges | 65 | €82 | €2,264 | +€2,182 | +2671.4% |
| Profit (loss) for the period before taxes | 9903 | €25,760 | €85,991 | +€60,231 | +233.8% |
| Transfer from deferred taxes | 780 | €1,285 | €1,285 | = | 0.0% |
| Income taxes | 67/77 | €8,060 | €22,377 | +€14,317 | +177.6% |
| Profit (loss) for the period | 9904 | €18,986 | €64,900 | +€45,914 | +241.8% |
| Transfer from tax-exempt reserves | 789 | €5,141 | €5,143 | +€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,126 | €70,042 | +€45,916 | +190.3% |
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 5 October 2026 via checked.be.