JNVS: 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.
JNVS
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-68.0%), from €2.1m to €681,666
of which Trade receivables: -€1.5m
- Tangible fixed assets -€346,651
down €346,651 (-14.4%), from €2.4m to €2.1m
of which Furniture and vehicles: -€339,281
- Profit (loss) carried forward -€4.0m
down €4.0m (-23.7%), from -€16.8m to -€20.7m
- Other debts +€2.1m
up €2.1m (+17.0%), from €12.3m to €14.4m
- Trade debts +€420,127
up €420,127 (+428.7%), from €98,008 to €518,135
- Tax, wage and social debts -€271,848
down €271,848 (-91.2%), from €298,183 to €26,335
of which Taxes: -€208,505
- Staff costs -€136,424
down €136,424 (-53.2%), from €256,652 to €120,228
- Other operating charges -€87,294
down €87,294 (-93.3%), from €93,539 to €6,245
- Gross operating margin -€80,198
down €80,198 (-2.4%), from -€3.3m to -€3.4m
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 | €4,909,506 | €3,178,513 | -€1.7m | -35.3% |
| Fixed assets | 21/28 | €2,477,339 | €2,139,687 | -€337,651 | -13.6% |
| Tangible fixed assets | 22/27 | €2,401,739 | €2,055,087 | -€346,651 | -14.4% |
| Plant, machinery and equipment | 23 | €29,580 | €22,210 | -€7,370 | -24.9% |
| Furniture and vehicles | 24 | €2,372,158 | €2,032,877 | -€339,281 | -14.3% |
| Financial fixed assets | 28 | €75,600 | €84,600 | +€9,000 | +11.9% |
| Current assets | 29/58 | €2,432,167 | €1,038,825 | -€1.4m | -57.3% |
| Amounts receivable within one year | 40/41 | €2,131,670 | €681,666 | -€1.5m | -68.0% |
| Trade receivables | 40 | €2,114,197 | €621,432 | -€1.5m | -70.6% |
| Other amounts receivable | 41 | €17,473 | €60,234 | +€42,761 | +244.7% |
| Cash at bank and in hand | 54/58 | €300,349 | €332,713 | +€32,365 | +10.8% |
| Deferred charges and accrued income | 490/1 | €149 | €24,446 | +€24,297 | +16307.6% |
| Total equity and liabilities | 10/49 | €4,909,506 | €3,178,513 | -€1.7m | -35.3% |
| Equity | 10/15 | -€16,408,737 | -€20,375,361 | -€4.0m | -24.2% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,758,737 | -€20,725,361 | -€4.0m | -23.7% |
| Amounts payable | 17/49 | €21,318,243 | €23,553,873 | +€2.2m | +10.5% |
| Amounts payable after more than one year | 17 | €8,623,245 | €8,623,245 | = | 0.0% |
| Financial debts | 170/4 | €8,623,245 | €8,623,245 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,694,998 | €14,930,628 | +€2.2m | +17.6% |
| Trade debts | 44 | €98,008 | €518,135 | +€420,127 | +428.7% |
| Suppliers | 440/4 | €98,008 | €518,135 | +€420,127 | +428.7% |
| Taxes, remuneration and social security | 45 | €298,183 | €26,335 | -€271,848 | -91.2% |
| Taxes | 450/3 | €208,684 | €179 | -€208,505 | -99.9% |
| Remuneration and social security | 454/9 | €89,499 | €26,156 | -€63,343 | -70.8% |
| Other amounts payable | 47/48 | €12,298,807 | €14,386,158 | +€2.1m | +17.0% |
| Remuneration, social security and pensions | 62 | €256,652 | €120,228 | -€136,424 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395,744 | €412,951 | +€17,207 | +4.3% |
| Other operating charges | 640/8 | €93,539 | €6,245 | -€87,294 | -93.3% |
| Non-recurring operating charges | 66A | -€961 | €3,900 | +€4,861 | |
| Gross operating margin | 9900 | -€3,344,984 | -€3,425,181 | -€80,198 | -2.4% |
| Operating profit (loss) | 9901 | -€4,089,958 | -€3,968,505 | +€121,452 | +3.0% |
| Financial income | 75/76B | €24,862 | €3,183 | -€21,679 | -87.2% |
| Recurring financial income | 75 | €24,862 | €3,183 | -€21,679 | -87.2% |
| Financial charges | 65/66B | €12,530 | €1,123 | -€11,408 | -91.0% |
| Recurring financial charges | 65 | €12,530 | €1,123 | -€11,408 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,077,625 | -€3,966,445 | +€111,181 | +2.7% |
| Income taxes | 67/77 | €1 | €179 | +€178 | +15755.8% |
| Profit (loss) for the period | 9904 | -€4,077,627 | -€3,966,624 | +€111,003 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,077,627 | -€3,966,624 | +€111,003 | +2.7% |
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 4 October 2026 via checked.be.