JIVILCO: 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.
What changed
JIVILCO
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€21,339
2024 · €297,072-€318,412
Equity
€2.1m
2024 · €2.2m-€21,339
Cash
€16,546
2024 · €7,186+€9,360
Balance sheet total
€2.8m
2024 · €2.8m-€4,261
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Accrued charges and deferred income +€38,219
new in 2025: €38,219
Income statement
- Financial income -€310,219
down €310,219 (-99.9%), from €310,558 to €339
- Gross operating margin -€8,931
down €8,931 (-24.6%), from €36,232 to €27,301
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
€297,072
Gross operating margin
-€8,931
Depreciation
+€270
Provisions
+€207
Other operating charges
-€93
Financial income
-€310,219
Financial charges
+€182
Taxes
+€172
Result 2025
-€21,339
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.
From operations
+€10,176
Investment
+€7,500
Financing
-€8,316
Cash 2024
€7,186
From operations (derived)
+€10,176
Net result for the year
-€21,339
Depreciation
+€10,854
Receivables within one year
-€4,654
Deferred charges and accrued income
-€80
Provisions
-€4,388
Trade debts
+€1,517
Tax, wage and social debts
-€3,895
Other debts
-€6,057
Accrued charges and deferred income
+€38,219
Investment (derived)
+€7,500
Current investments
+€7,500
Financing
-€8,316
Current portion of long-term debt
-€8,316
Cash 2025
€16,546
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,817,278 | €2,813,017 | -€4,261 | -0.2% |
| Fixed assets | 21/28 | €2,736,144 | €2,725,289 | -€10,854 | -0.4% |
| Tangible fixed assets | 22/27 | €29,283 | €18,428 | -€10,854 | -37.1% |
| Furniture and vehicles | 24 | €29,283 | €18,428 | -€10,854 | -37.1% |
| Financial fixed assets | 28 | €2,706,861 | €2,706,861 | = | 0.0% |
| Current assets | 29/58 | €81,134 | €87,727 | +€6,593 | +8.1% |
| Amounts receivable within one year | 40/41 | €52,581 | €57,235 | +€4,654 | +8.9% |
| Trade receivables | 40 | €51,316 | €52,604 | +€1,288 | +2.5% |
| Other amounts receivable | 41 | €1,266 | €4,631 | +€3,366 | +265.9% |
| Current investments | 50/53 | €20,000 | €12,500 | -€7,500 | -37.5% |
| Cash at bank and in hand | 54/58 | €7,186 | €16,546 | +€9,360 | +130.3% |
| Deferred charges and accrued income | 490/1 | €1,367 | €1,446 | +€80 | +5.8% |
| Total equity and liabilities | 10/49 | €2,817,278 | €2,813,017 | -€4,261 | -0.2% |
| Equity | 10/15 | €2,157,642 | €2,136,302 | -€21,339 | -1.0% |
| Contributions | 10/11 | €108,352 | €108,352 | = | 0.0% |
| Reserves | 13 | €1,120,000 | €1,120,000 | = | 0.0% |
| Distributable reserves | 133 | €1,120,000 | €1,120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €929,290 | €907,951 | -€21,339 | -2.3% |
| Provisions and deferred taxes | 16 | €638,032 | €633,644 | -€4,388 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €638,032 | €633,644 | -€4,388 | -0.7% |
| Other liabilities and charges | 164/5 | €638,032 | €633,644 | -€4,388 | -0.7% |
| Amounts payable | 17/49 | €21,604 | €43,071 | +€21,466 | +99.4% |
| Amounts payable within one year | 42/48 | €21,604 | €4,852 | -€16,752 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | €8,316 | - | -€8,316 | |
| Trade debts | 44 | €638 | €2,154 | +€1,517 | +237.8% |
| Suppliers | 440/4 | €638 | €2,154 | +€1,517 | +237.8% |
| Taxes, remuneration and social security | 45 | €3,895 | - | -€3,895 | |
| Remuneration and social security | 454/9 | €3,895 | - | -€3,895 | |
| Other amounts payable | 47/48 | €8,755 | €2,698 | -€6,057 | -69.2% |
| Accrued charges and deferred income | 492/3 | - | €38,219 | +€38,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,125 | €10,854 | -€270 | -2.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,181 | -€4,388 | -€207 | -5.0% |
| Other operating charges | 640/8 | €1,393 | €1,486 | +€93 | +6.7% |
| Gross operating margin | 9900 | €36,232 | €27,301 | -€8,931 | -24.6% |
| Operating profit (loss) | 9901 | €27,896 | €19,349 | -€8,547 | -30.6% |
| Financial income | 75/76B | €310,558 | €339 | -€310,219 | -99.9% |
| Recurring financial income | 75 | €310,558 | €339 | -€310,219 | -99.9% |
| Financial charges | 65/66B | €41,070 | €40,887 | -€182 | -0.4% |
| Recurring financial charges | 65 | €41,070 | €40,887 | -€182 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €297,385 | -€21,199 | -€318,584 | |
| Income taxes | 67/77 | €313 | €141 | -€172 | -55.0% |
| Profit (loss) for the period | 9904 | €297,072 | -€21,339 | -€318,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €297,072 | -€21,339 | -€318,412 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.