JOMIVAR: 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.
JOMIVAR
Largest movements
- Tangible fixed assets -€214,341
down €214,341 (-15.6%), from €1.4m to €1.2m
of which Land and buildings: -€206,281
- Stocks and contracts -€142,330
down €142,330 (-29.2%), from €487,218 to €344,887
- Receivables within one year -€67,497
down €67,497 (-89.3%), from €75,587 to €8,089
of which Trade receivables: -€70,313
- Cash -€21,326
down €21,326 (-89.3%), from €23,881 to €2,555
mainly Net result for the year (-€289,635) and Debts after one year (-€132,909)
- Profit (loss) carried forward -€289,635
down €289,635 (-16.5%), from -€1.8m to -€2.0m
- Debts after one year -€132,909
down €132,909 (-8.5%), from €1.6m to €1.4m
- Trade debts -€24,095
down €24,095 (-2.5%), from €978,663 to €954,568
- Gross operating margin -€293,065
down €293,065 (-92.4%), from €317,222 to €24,157
- Financial charges -€28,157
down €28,157 (-22.8%), from €123,495 to €95,338
- Depreciation -€3,984
down €3,984 (-1.8%), from €219,565 to €215,581
- Financial income -€3,862
down €3,862 (-100%), from €3,862 to €0
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.
Derived cash bridge
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 | €1,963,195 | €1,521,999 | -€441,196 | -22.5% |
| Fixed assets | 21/28 | €1,375,791 | €1,165,705 | -€210,086 | -15.3% |
| Intangible fixed assets | 21 | €4,641 | €8,896 | +€4,255 | +91.7% |
| Tangible fixed assets | 22/27 | €1,371,150 | €1,156,809 | -€214,341 | -15.6% |
| Land and buildings | 22 | €1,338,938 | €1,132,658 | -€206,281 | -15.4% |
| Plant, machinery and equipment | 23 | €32,211 | €24,151 | -€8,060 | -25.0% |
| Current assets | 29/58 | €587,404 | €356,294 | -€231,109 | -39.3% |
| Stocks and contracts in progress | 3 | €487,218 | €344,887 | -€142,330 | -29.2% |
| Stocks | 30/36 | €487,218 | €344,887 | -€142,330 | -29.2% |
| Amounts receivable within one year | 40/41 | €75,587 | €8,089 | -€67,497 | -89.3% |
| Trade receivables | 40 | €70,871 | €558 | -€70,313 | -99.2% |
| Other amounts receivable | 41 | €4,716 | €7,531 | +€2,815 | +59.7% |
| Cash at bank and in hand | 54/58 | €23,881 | €2,555 | -€21,326 | -89.3% |
| Deferred charges and accrued income | 490/1 | €718 | €763 | +€45 | +6.2% |
| Total equity and liabilities | 10/49 | €1,963,195 | €1,521,999 | -€441,196 | -22.5% |
| Equity | 10/15 | -€1,004,455 | -€1,294,089 | -€289,635 | -28.8% |
| Contributions | 10/11 | €702,000 | €702,000 | = | 0.0% |
| Reserves | 13 | €53,241 | €53,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,241 | €53,241 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,241 | €53,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,759,696 | -€2,049,331 | -€289,635 | -16.5% |
| Amounts payable | 17/49 | €2,967,650 | €2,816,089 | -€151,561 | -5.1% |
| Amounts payable after more than one year | 17 | €1,565,582 | €1,432,673 | -€132,909 | -8.5% |
| Financial debts | 170/4 | €1,565,582 | €1,432,673 | -€132,909 | -8.5% |
| Amounts payable within one year | 42/48 | €1,392,813 | €1,383,416 | -€9,397 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €219,194 | €209,246 | -€9,948 | -4.5% |
| Trade debts | 44 | €978,663 | €954,568 | -€24,095 | -2.5% |
| Suppliers | 440/4 | €978,663 | €954,568 | -€24,095 | -2.5% |
| Advances received on contracts in progress | 46 | - | €13,500 | +€13,500 | |
| Taxes, remuneration and social security | 45 | €8,956 | €9,161 | +€205 | +2.3% |
| Taxes | 450/3 | €8,956 | €9,161 | +€205 | +2.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €186,000 | €196,941 | +€10,941 | +5.9% |
| Accrued charges and deferred income | 492/3 | €9,254 | €0 | -€9,254 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,565 | €215,581 | -€3,984 | -1.8% |
| Other operating charges | 640/8 | €3,443 | €2,872 | -€571 | -16.6% |
| Gross operating margin | 9900 | €317,222 | €24,157 | -€293,065 | -92.4% |
| Operating profit (loss) | 9901 | €94,214 | -€194,297 | -€288,510 | |
| Financial income | 75/76B | €3,862 | €0 | -€3,862 | -100% |
| Recurring financial income | 75 | €3,862 | €0 | -€3,862 | -100% |
| Financial charges | 65/66B | €123,495 | €95,338 | -€28,157 | -22.8% |
| Recurring financial charges | 65 | €123,495 | €95,338 | -€28,157 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,420 | -€289,635 | -€264,215 | -1,039% |
| Profit (loss) for the period | 9904 | -€25,420 | -€289,635 | -€264,215 | -1,039% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,420 | -€289,635 | -€264,215 | -1,039% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.