JO.V.R.: what changed
Two financial 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.
JO.V.R.
Largest movements
- Receivables within one year +€23,674
up €23,674 (+27.7%), from €85,521 to €109,195
of which Other amounts receivable: +€19,876
- Tax, wage and social debts +€17,895
up €17,895 (+1,126%), from €1,589 to €19,484
- Profit (loss) carried forward +€5,975
up €5,975 (+8.6%), from €69,451 to €75,426
- Gross operating margin -€11,962
down €11,962 (-38.0%), from €31,512 to €19,550
- Taxes +€10,056
up €10,056 (+527%), from €1,908 to €11,964
- Other operating charges +€629
up €629 (+308%), from €204 to €833
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,228 | €109,195 | +€22,967 | +26.6% |
| Fixed assets | 21/28 | €707 | - | -€707 | |
| Tangible fixed assets | 22/27 | €707 | - | -€707 | |
| Plant, machinery and equipment | 23 | €707 | - | -€707 | |
| Current assets | 29/58 | €85,521 | €109,195 | +€23,674 | +27.7% |
| Amounts receivable within one year | 40/41 | €85,521 | €109,195 | +€23,674 | +27.7% |
| Trade receivables | 40 | - | €3,798 | +€3,798 | |
| Other amounts receivable | 41 | €85,521 | €105,397 | +€19,876 | +23.2% |
| Total equity and liabilities | 10/49 | €86,228 | €109,195 | +€22,967 | +26.6% |
| Equity | 10/15 | €83,683 | €89,658 | +€5,975 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,832 | €1,832 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,832 | €1,832 | = | 0.0% |
| Other | 1319 | €1,832 | €1,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,451 | €75,426 | +€5,975 | +8.6% |
| Amounts payable | 17/49 | €2,545 | €19,537 | +€16,992 | +668% |
| Amounts payable within one year | 42/48 | €2,545 | €19,537 | +€16,992 | +668% |
| Trade debts | 44 | €956 | €53 | -€903 | -94.5% |
| Suppliers | 440/4 | €956 | €53 | -€903 | -94.5% |
| Taxes, remuneration and social security | 45 | €1,589 | €19,484 | +€17,895 | +1,126% |
| Taxes | 450/3 | €1,589 | €19,484 | +€17,895 | +1,126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €707 | +€2 | +0.3% |
| Other operating charges | 640/8 | €204 | €833 | +€629 | +308% |
| Gross operating margin | 9900 | €31,512 | €19,550 | -€11,962 | -38.0% |
| Operating profit (loss) | 9901 | €30,603 | €18,010 | -€12,593 | -41.1% |
| Financial charges | 65/66B | €37 | €71 | +€34 | +91.9% |
| Recurring financial charges | 65 | €37 | €71 | +€34 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €30,566 | €17,939 | -€12,627 | -41.3% |
| Income taxes | 67/77 | €1,908 | €11,964 | +€10,056 | +527% |
| Profit (loss) for the period | 9904 | €28,658 | €5,975 | -€22,683 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,658 | €5,975 | -€22,683 | -79.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.