JLVM: 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.
JLVM
Largest movements
- Tangible fixed assets -€34,087
down €34,087 (-5.5%), from €624,452 to €590,365
of which Land and buildings: -€31,029
- Receivables within one year -€30,204
down €30,204 (-68.0%), from €44,432 to €14,228
of which Trade receivables: -€32,473
- Trade debts -€34,785
down €34,785 (-55.2%), from €63,069 to €28,284
- Debts after one year -€29,392
down €29,392 (-5.1%), from €577,355 to €547,963
- Profit (loss) carried forward -€16,119
down €16,119 (-26.6%), from -€60,566 to -€76,685
- Tax, wage and social debts +€7,111
new in 2024: €7,111
of which Remuneration and social security: +€6,859
- Gross operating margin +€58,556
up €58,556 (+1189.7%), from €4,922 to €63,478
- Financial charges +€16,324
up €16,324 (+126.9%), from €12,863 to €29,187
- Staff costs +€14,457
new in 2024: €14,457
- Depreciation +€11,146
up €11,146 (+47.8%), from €23,318 to €34,465
- Other operating charges -€1,101
down €1,101 (-42.9%), from €2,566 to €1,466
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,353 | €608,319 | -€69,035 | -10.2% |
| Fixed assets | 21/28 | €625,202 | €592,987 | -€32,215 | -5.2% |
| Intangible fixed assets | 21 | €750 | €2,622 | +€1,873 | +249.8% |
| Tangible fixed assets | 22/27 | €624,452 | €590,365 | -€34,087 | -5.5% |
| Land and buildings | 22 | €613,075 | €582,046 | -€31,029 | -5.1% |
| Leasing and similar rights | 25 | €11,377 | €8,319 | -€3,058 | -26.9% |
| Current assets | 29/58 | €52,152 | €15,331 | -€36,820 | -70.6% |
| Amounts receivable within one year | 40/41 | €44,432 | €14,228 | -€30,204 | -68.0% |
| Trade receivables | 40 | €43,006 | €10,533 | -€32,473 | -75.5% |
| Other amounts receivable | 41 | €1,426 | €3,695 | +€2,269 | +159.1% |
| Cash at bank and in hand | 54/58 | €6,344 | €215 | -€6,129 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,376 | €889 | -€487 | -35.4% |
| Total equity and liabilities | 10/49 | €677,353 | €608,319 | -€69,035 | -10.2% |
| Equity | 10/15 | €1,934 | -€14,185 | -€16,119 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,566 | -€76,685 | -€16,119 | -26.6% |
| Amounts payable | 17/49 | €675,420 | €622,503 | -€52,916 | -7.8% |
| Amounts payable after more than one year | 17 | €577,355 | €547,963 | -€29,392 | -5.1% |
| Financial debts | 170/4 | €577,355 | €547,963 | -€29,392 | -5.1% |
| Amounts payable within one year | 42/48 | €97,597 | €74,541 | -€23,057 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €34,373 | €38,995 | +€4,622 | +13.4% |
| Trade debts | 44 | €63,069 | €28,284 | -€34,785 | -55.2% |
| Suppliers | 440/4 | €63,069 | €28,284 | -€34,785 | -55.2% |
| Taxes, remuneration and social security | 45 | - | €7,111 | +€7,111 | |
| Taxes | 450/3 | - | €252 | +€252 | |
| Remuneration and social security | 454/9 | - | €6,859 | +€6,859 | |
| Other amounts payable | 47/48 | €155 | €151 | -€4 | -2.6% |
| Accrued charges and deferred income | 492/3 | €467 | - | -€467 | |
| Remuneration, social security and pensions | 62 | - | €14,457 | +€14,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,318 | €34,465 | +€11,146 | +47.8% |
| Other operating charges | 640/8 | €2,566 | €1,466 | -€1,101 | -42.9% |
| Gross operating margin | 9900 | €4,922 | €63,478 | +€58,556 | +1189.7% |
| Operating profit (loss) | 9901 | -€20,963 | €13,091 | +€34,054 | |
| Financial income | 75/76B | €158 | €123 | -€35 | -22.4% |
| Recurring financial income | 75 | €158 | €123 | -€35 | -22.4% |
| Financial charges | 65/66B | €12,863 | €29,187 | +€16,324 | +126.9% |
| Recurring financial charges | 65 | €12,863 | €29,187 | +€16,324 | +126.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,668 | -€15,973 | +€17,694 | +52.6% |
| Income taxes | 67/77 | - | €145 | +€145 | |
| Profit (loss) for the period | 9904 | -€33,668 | -€16,119 | +€17,549 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,668 | -€16,119 | +€17,549 | +52.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.