JLVH: 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.
JLVH
Largest movements
- Stocks and contracts -€684,269
no longer reported in 2025 (was €684,269)
- Tangible fixed assets +€178,609
up €178,609 (+59.4%), from €300,783 to €479,392
- Receivables within one year -€80,276
no longer reported in 2025 (was €80,276)
- Debts after one year -€340,798
down €340,798 (-50.8%), from €670,603 to €329,805
- Other debts -€300,750
down €300,750 (-73.0%), from €412,106 to €111,356
- Profit (loss) carried forward +€55,451
no longer reported in 2025 (was -€55,451)
- Trade debts -€27,986
down €27,986 (-92.4%), from €30,291 to €2,305
- Current portion of long-term debt +€11,575
up €11,575 (+150.8%), from €7,676 to €19,251
- Gross operating margin +€114,131
up €114,131 (+209.9%), from €54,379 to €168,510
- Other operating charges +€19,138
up €19,138 (+85.2%), from €22,464 to €41,602
- Financial charges -€6,695
down €6,695 (-14.0%), from €47,926 to €41,231
- Taxes +€5,507
new in 2025: €5,507
- Depreciation +€5,106
up €5,106 (+58.4%), from €8,738 to €13,844
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 | €1,068,225 | €482,099 | -€586,126 | -54.9% |
| Fixed assets | 21/28 | €300,783 | €479,392 | +€178,609 | +59.4% |
| Tangible fixed assets | 22/27 | €300,783 | €479,392 | +€178,609 | +59.4% |
| Land and buildings | 22 | €300,783 | €479,392 | +€178,609 | +59.4% |
| Current assets | 29/58 | €767,442 | €2,707 | -€764,735 | -99.6% |
| Stocks and contracts in progress | 3 | €684,269 | - | -€684,269 | |
| Stocks | 30/36 | €684,269 | - | -€684,269 | |
| Amounts receivable within one year | 40/41 | €80,276 | - | -€80,276 | |
| Trade receivables | 40 | €80,276 | - | -€80,276 | |
| Cash at bank and in hand | 54/58 | €2,897 | €2,707 | -€190 | -6.6% |
| Total equity and liabilities | 10/49 | €1,068,225 | €482,099 | -€586,126 | -54.9% |
| Equity | 10/15 | -€52,451 | €13,875 | +€66,326 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €10,875 | +€10,875 | |
| Distributable reserves | 133 | - | €10,875 | +€10,875 | |
| Profit (loss) carried forward | 14 | -€55,451 | - | +€55,451 | |
| Amounts payable | 17/49 | €1,120,676 | €468,224 | -€652,452 | -58.2% |
| Amounts payable after more than one year | 17 | €670,603 | €329,805 | -€340,798 | -50.8% |
| Financial debts | 170/4 | €670,603 | €329,805 | -€340,798 | -50.8% |
| Amounts payable within one year | 42/48 | €450,073 | €138,419 | -€311,654 | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €7,676 | €19,251 | +€11,575 | +150.8% |
| Trade debts | 44 | €30,291 | €2,305 | -€27,986 | -92.4% |
| Suppliers | 440/4 | €30,291 | €2,305 | -€27,986 | -92.4% |
| Taxes, remuneration and social security | 45 | - | €5,507 | +€5,507 | |
| Taxes | 450/3 | - | €5,507 | +€5,507 | |
| Other amounts payable | 47/48 | €412,106 | €111,356 | -€300,750 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,738 | €13,844 | +€5,106 | +58.4% |
| Other operating charges | 640/8 | €22,464 | €41,602 | +€19,138 | +85.2% |
| Gross operating margin | 9900 | €54,379 | €168,510 | +€114,131 | +209.9% |
| Operating profit (loss) | 9901 | €23,177 | €113,064 | +€89,887 | +387.8% |
| Financial charges | 65/66B | €47,926 | €41,231 | -€6,695 | -14.0% |
| Recurring financial charges | 65 | €47,926 | €41,231 | -€6,695 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,749 | €71,833 | +€96,582 | |
| Income taxes | 67/77 | - | €5,507 | +€5,507 | |
| Profit (loss) for the period | 9904 | -€24,749 | €66,326 | +€91,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,749 | €66,326 | +€91,075 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.