JO.VE: 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.VE
Largest movements
- Receivables within one year -€34,328
down €34,328 (-81.5%), from €42,133 to €7,805
of which Trade receivables: -€38,043
- Cash +€31,795
up €31,795 (+76.4%), from €41,610 to €73,406
mainly Other debts (+€50,735) and Receivables within one year (+€34,328)
- Tangible fixed assets +€18,169
up €18,169 (+52.4%), from €34,673 to €52,842
of which Furniture and vehicles: +€18,889
- Other debts +€50,735
up €50,735 (+802%), from €6,323 to €57,058
- Profit (loss) carried forward -€19,756
down €19,756 (-24.5%), from €80,487 to €60,732
- Trade debts -€15,522
down €15,522 (-98.6%), from €15,744 to €222
- Gross operating margin -€19,836
down €19,836 (-28.8%), from €68,819 to €48,984
- Taxes -€4,863
down €4,863 (-34.7%), from €14,029 to €9,166
- Depreciation +€4,672
up €4,672 (+178%), from €2,629 to €7,301
- Other operating charges +€885
up €885 (+314%), from €282 to €1,166
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
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 | €118,419 | €134,085 | +€15,666 | +13.2% |
| Fixed assets | 21/28 | €34,673 | €52,842 | +€18,169 | +52.4% |
| Tangible fixed assets | 22/27 | €34,673 | €52,842 | +€18,169 | +52.4% |
| Plant, machinery and equipment | 23 | €33,795 | €30,165 | -€3,631 | -10.7% |
| Furniture and vehicles | 24 | €878 | €19,766 | +€18,889 | +2,152% |
| Other tangible fixed assets | 26 | - | €2,911 | +€2,911 | |
| Current assets | 29/58 | €83,746 | €81,243 | -€2,503 | -3.0% |
| Amounts receivable within one year | 40/41 | €42,133 | €7,805 | -€34,328 | -81.5% |
| Trade receivables | 40 | €38,043 | - | -€38,043 | |
| Other amounts receivable | 41 | €4,089 | €7,805 | +€3,715 | +90.8% |
| Cash at bank and in hand | 54/58 | €41,610 | €73,406 | +€31,795 | +76.4% |
| Deferred charges and accrued income | 490/1 | €3 | €33 | +€30 | +1,057% |
| Total equity and liabilities | 10/49 | €118,419 | €134,085 | +€15,666 | +13.2% |
| Equity | 10/15 | €96,351 | €76,596 | -€19,756 | -20.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,864 | €13,864 | = | 0.0% |
| Distributable reserves | 133 | €13,864 | €13,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,487 | €60,732 | -€19,756 | -24.5% |
| Amounts payable | 17/49 | €22,067 | €57,489 | +€35,422 | +161% |
| Amounts payable within one year | 42/48 | €22,067 | €57,334 | +€35,267 | +160% |
| Trade debts | 44 | €15,744 | €222 | -€15,522 | -98.6% |
| Suppliers | 440/4 | €15,744 | €222 | -€15,522 | -98.6% |
| Taxes, remuneration and social security | 45 | - | €54 | +€54 | |
| Taxes | 450/3 | - | €54 | +€54 | |
| Other amounts payable | 47/48 | €6,323 | €57,058 | +€50,735 | +802% |
| Accrued charges and deferred income | 492/3 | - | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,629 | €7,301 | +€4,672 | +178% |
| Other operating charges | 640/8 | €282 | €1,166 | +€885 | +314% |
| Gross operating margin | 9900 | €68,819 | €48,984 | -€19,836 | -28.8% |
| Operating profit (loss) | 9901 | €65,909 | €40,517 | -€25,392 | -38.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -71.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -71.3% |
| Financial charges | 65/66B | €620 | €406 | -€213 | -34.4% |
| Recurring financial charges | 65 | €620 | €406 | -€213 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €65,290 | €40,111 | -€25,179 | -38.6% |
| Income taxes | 67/77 | €14,029 | €9,166 | -€4,863 | -34.7% |
| Profit (loss) for the period | 9904 | €51,261 | €30,944 | -€20,316 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,261 | €30,944 | -€20,316 | -39.6% |
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 31 October 2026 via checked.be.