Josvi: 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.
Josvi
Largest movements
- Receivables within one year -€59,863
down €59,863 (-50.4%), from €118,700 to €58,838
of which Trade receivables: -€68,461
- Tangible fixed assets +€57,714
up €57,714 (+5,814%), from €993 to €58,707
of which Furniture and vehicles: +€52,724
- Cash -€56,033
down €56,033 (-87.7%), from €63,913 to €7,880
mainly Contributions, distributions and other (-€111,646) and Investment in fixed assets (net) (-€60,242)
- Receivables after one year +€9,964
new in 2025: €9,964
- Reserves -€48,468
down €48,468 (-43.4%), from €111,646 to €63,177
- Debts after one year +€30,500
new in 2025: €30,500
- Tax, wage and social debts -€21,399
down €21,399 (-49.3%), from €43,398 to €21,999
- Trade debts -€10,801
down €10,801 (-96.5%), from €11,193 to €392
- Gross operating margin -€29,946
down €29,946 (-25.0%), from €119,596 to €89,649
- Taxes -€8,693
down €8,693 (-31.9%), from €27,286 to €18,594
- Financial charges +€7,348
up €7,348 (+2,091%), from €351 to €7,699
- Financial income +€2,391
up €2,391 (+309%), from €775 to €3,165
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 | €185,259 | €136,681 | -€48,578 | -26.2% |
| Fixed assets | 21/28 | €993 | €58,707 | +€57,714 | +5,814% |
| Tangible fixed assets | 22/27 | €993 | €58,707 | +€57,714 | +5,814% |
| Plant, machinery and equipment | 23 | €993 | €5,983 | +€4,991 | +503% |
| Furniture and vehicles | 24 | €0 | €52,724 | +€52,724 | |
| Current assets | 29/58 | €184,266 | €77,974 | -€106,292 | -57.7% |
| Amounts receivable after more than one year | 29 | - | €9,964 | +€9,964 | |
| Other amounts receivable | 291 | - | €9,964 | +€9,964 | |
| Amounts receivable within one year | 40/41 | €118,700 | €58,838 | -€59,863 | -50.4% |
| Trade receivables | 40 | €117,255 | €48,794 | -€68,461 | -58.4% |
| Other amounts receivable | 41 | €1,446 | €10,044 | +€8,599 | +595% |
| Cash at bank and in hand | 54/58 | €63,913 | €7,880 | -€56,033 | -87.7% |
| Deferred charges and accrued income | 490/1 | €1,653 | €1,292 | -€361 | -21.8% |
| Total equity and liabilities | 10/49 | €185,259 | €136,681 | -€48,578 | -26.2% |
| Equity | 10/15 | €130,246 | €81,777 | -€48,468 | -37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,646 | €63,177 | -€48,468 | -43.4% |
| Distributable reserves | 133 | €111,646 | €63,177 | -€48,468 | -43.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,013 | €54,903 | -€110 | -0.2% |
| Amounts payable after more than one year | 17 | - | €30,500 | +€30,500 | |
| Financial debts | 170/4 | - | €30,500 | +€30,500 | |
| Amounts payable within one year | 42/48 | €55,013 | €24,403 | -€30,610 | -55.6% |
| Trade debts | 44 | €11,193 | €392 | -€10,801 | -96.5% |
| Suppliers | 440/4 | €11,193 | €392 | -€10,801 | -96.5% |
| Taxes, remuneration and social security | 45 | €43,398 | €21,999 | -€21,399 | -49.3% |
| Taxes | 450/3 | €43,398 | €21,999 | -€21,399 | -49.3% |
| Other amounts payable | 47/48 | €422 | €2,012 | +€1,590 | +376% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,665 | €2,527 | -€137 | -5.1% |
| Other operating charges | 640/8 | €864 | €817 | -€47 | -5.4% |
| Gross operating margin | 9900 | €119,596 | €89,649 | -€29,946 | -25.0% |
| Operating profit (loss) | 9901 | €116,067 | €86,305 | -€29,763 | -25.6% |
| Financial income | 75/76B | €775 | €3,165 | +€2,391 | +309% |
| Recurring financial income | 75 | €775 | €3,165 | +€2,391 | +309% |
| Financial charges | 65/66B | €351 | €7,699 | +€7,348 | +2,091% |
| Recurring financial charges | 65 | €351 | €7,699 | +€7,348 | +2,091% |
| Profit (loss) for the period before taxes | 9903 | €116,491 | €81,771 | -€34,720 | -29.8% |
| Income taxes | 67/77 | €27,286 | €18,594 | -€8,693 | -31.9% |
| Profit (loss) for the period | 9904 | €89,205 | €63,177 | -€26,027 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,205 | €63,177 | -€26,027 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.