JMVV: 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.
JMVV
Largest movements
- Tangible fixed assets +€256,223
up €256,223 (+7536.2%), from €3,400 to €259,623
of which Land and buildings: +€257,530
- Receivables within one year -€148,720
down €148,720 (-19.1%), from €780,518 to €631,798
of which Other amounts receivable: -€148,553
- Cash +€45,185
up €45,185 (+433.3%), from €10,428 to €55,613
mainly Receivables within one year (+€148,720) and Debts after one year (+€142,385)
- Debts after one year +€142,385
up €142,385 (+42.5%), from €335,000 to €477,385
of which Financial debts: +€142,385
- Depreciation +€8,954
up €8,954 (+685.2%), from €1,307 to €10,261
- Gross operating margin +€8,193
up €8,193 (+49.9%), from €16,409 to €24,602
- Financial charges +€2,705
up €2,705 (+4623.2%), from €59 to €2,763
- Taxes -€1,108
down €1,108 (-29.8%), from €3,713 to €2,605
- Other operating charges -€396
down €396 (-23.8%), from €1,667 to €1,271
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 | €906,816 | €1,059,505 | +€152,689 | +16.8% |
| Fixed assets | 21/28 | €115,871 | €372,094 | +€256,223 | +221.1% |
| Tangible fixed assets | 22/27 | €3,400 | €259,623 | +€256,223 | +7536.2% |
| Land and buildings | 22 | - | €257,530 | +€257,530 | |
| Furniture and vehicles | 24 | €3,400 | €2,093 | -€1,307 | -38.4% |
| Financial fixed assets | 28 | €112,471 | €112,471 | = | 0.0% |
| Current assets | 29/58 | €790,945 | €687,411 | -€103,534 | -13.1% |
| Amounts receivable within one year | 40/41 | €780,518 | €631,798 | -€148,720 | -19.1% |
| Trade receivables | 40 | €1,503 | €1,337 | -€166 | -11.1% |
| Other amounts receivable | 41 | €779,014 | €630,461 | -€148,553 | -19.1% |
| Cash at bank and in hand | 54/58 | €10,428 | €55,613 | +€45,185 | +433.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €906,816 | €1,059,505 | +€152,689 | +16.8% |
| Equity | 10/15 | €519,265 | €526,971 | +€7,705 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €499,265 | €506,971 | +€7,705 | +1.5% |
| Distributable reserves | 133 | €499,265 | €506,971 | +€7,705 | +1.5% |
| Amounts payable | 17/49 | €387,551 | €532,534 | +€144,983 | +37.4% |
| Amounts payable after more than one year | 17 | €335,000 | €477,385 | +€142,385 | +42.5% |
| Financial debts | 170/4 | - | €142,385 | +€142,385 | |
| Other amounts payable | 178/9 | €335,000 | €335,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,485 | €55,082 | +€2,597 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,413 | +€5,413 | |
| Trade debts | 44 | €653 | €358 | -€295 | -45.2% |
| Suppliers | 440/4 | €653 | €358 | -€295 | -45.2% |
| Taxes, remuneration and social security | 45 | €2,130 | €1,697 | -€433 | -20.3% |
| Taxes | 450/3 | €2,130 | €1,697 | -€433 | -20.3% |
| Other amounts payable | 47/48 | €49,702 | €47,614 | -€2,088 | -4.2% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,307 | €10,261 | +€8,954 | +685.2% |
| Other operating charges | 640/8 | €1,667 | €1,271 | -€396 | -23.8% |
| Gross operating margin | 9900 | €16,409 | €24,602 | +€8,193 | +49.9% |
| Operating profit (loss) | 9901 | €13,435 | €13,070 | -€365 | -2.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €59 | €2,763 | +€2,705 | +4623.2% |
| Recurring financial charges | 65 | €59 | €2,763 | +€2,705 | +4623.2% |
| Profit (loss) for the period before taxes | 9903 | €13,376 | €10,310 | -€3,066 | -22.9% |
| Income taxes | 67/77 | €3,713 | €2,605 | -€1,108 | -29.8% |
| Profit (loss) for the period | 9904 | €9,664 | €7,705 | -€1,959 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,664 | €7,705 | -€1,959 | -20.3% |
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 7 October 2026 via checked.be.