JORVAL: 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.
JORVAL
Largest movements
- Receivables within one year +€7,962
up €7,962 (+340%), from €2,342 to €10,304
- Tangible fixed assets -€2,373
down €2,373 (-10.5%), from €22,677 to €20,305
of which Furniture and vehicles: -€1,833
- Intangible fixed assets -€2,143
down €2,143 (-19.1%), from €11,237 to €9,094
- Trade debts +€9,058
up €9,058 (+296%), from €3,061 to €12,119
- Other debts -€3,964
down €3,964 (-14.6%), from €27,078 to €23,115
- Profit (loss) carried forward -€1,926
down €1,926 (-64.7%), from €2,977 to €1,052
- Gross operating margin -€25,787
down €25,787 (-84.3%), from €30,581 to €4,794
- Financial charges -€2,895
down €2,895 (-96.4%), from €3,002 to €107
- Other operating charges -€306
down €306 (-12.7%), from €2,403 to €2,097
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 | €39,143 | €42,732 | +€3,589 | +9.2% |
| Fixed assets | 21/28 | €36,481 | €31,965 | -€4,515 | -12.4% |
| Intangible fixed assets | 21 | €11,237 | €9,094 | -€2,143 | -19.1% |
| Tangible fixed assets | 22/27 | €22,677 | €20,305 | -€2,373 | -10.5% |
| Land and buildings | 22 | €17,058 | €16,518 | -€540 | -3.2% |
| Furniture and vehicles | 24 | €5,620 | €3,787 | -€1,833 | -32.6% |
| Financial fixed assets | 28 | €2,567 | €2,567 | = | 0.0% |
| Current assets | 29/58 | €2,663 | €10,767 | +€8,104 | +304% |
| Amounts receivable within one year | 40/41 | €2,342 | €10,304 | +€7,962 | +340% |
| Trade receivables | 40 | €2,342 | €10,304 | +€7,962 | +340% |
| Cash at bank and in hand | 54/58 | €320 | €463 | +€143 | +44.5% |
| Total equity and liabilities | 10/49 | €39,143 | €42,732 | +€3,589 | +9.2% |
| Equity | 10/15 | €7,977 | €6,052 | -€1,926 | -24.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €2,977 | €1,052 | -€1,926 | -64.7% |
| Amounts payable | 17/49 | €31,166 | €36,681 | +€5,515 | +17.7% |
| Amounts payable within one year | 42/48 | €31,166 | €36,681 | +€5,515 | +17.7% |
| Trade debts | 44 | €3,061 | €12,119 | +€9,058 | +296% |
| Suppliers | 440/4 | €3,061 | €12,119 | +€9,058 | +296% |
| Taxes, remuneration and social security | 45 | €1,027 | €1,447 | +€420 | +40.9% |
| Taxes | 450/3 | €1,027 | €1,447 | +€420 | +40.9% |
| Other amounts payable | 47/48 | €27,078 | €23,115 | -€3,964 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,515 | €4,515 | = | 0.0% |
| Other operating charges | 640/8 | €2,403 | €2,097 | -€306 | -12.7% |
| Gross operating margin | 9900 | €30,581 | €4,794 | -€25,787 | -84.3% |
| Operating profit (loss) | 9901 | €23,662 | -€1,819 | -€25,481 | |
| Financial charges | 65/66B | €3,002 | €107 | -€2,895 | -96.4% |
| Recurring financial charges | 65 | €3,002 | €107 | -€2,895 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €20,660 | -€1,926 | -€22,586 | |
| Profit (loss) for the period | 9904 | €20,660 | -€1,926 | -€22,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,660 | -€1,926 | -€22,586 |
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 18 October 2026 via checked.be.