JOV: what changed
Two fiscal 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.
JOV
Largest movements
- Receivables within one year +€34,813
up €34,813 (+14.7%), from €237,432 to €272,245
of which Trade receivables: +€34,770
- Tangible fixed assets -€22,994
down €22,994 (-41.6%), from €55,255 to €32,261
- Cash -€16,464
down €16,464 (-87.6%), from €18,789 to €2,325
mainly Contributions, distributions and other (-€67,059) and Receivables within one year (-€34,813)
- Reserves +€28,455
up €28,455 (+12.4%), from €229,606 to €258,061
- Debts after one year -€12,874
no longer reported in 2025 (was €12,874)
- Current portion of long-term debt -€12,016
down €12,016 (-47.1%), from €25,516 to €13,500
- Tax, wage and social debts -€9,953
down €9,953 (-27.3%), from €36,447 to €26,494
of which Remuneration and social security: -€9,369
- Gross operating margin +€50,895
up €50,895 (+30.0%), from €169,719 to €220,614
- Staff costs -€43,355
down €43,355 (-40.6%), from €106,679 to €63,324
- Taxes +€22,110
up €22,110 (+172.6%), from €12,811 to €34,921
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.
Cash bridge derived
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 | €313,631 | €308,937 | -€4,694 | -1.5% |
| Fixed assets | 21/28 | €55,255 | €32,261 | -€22,994 | -41.6% |
| Tangible fixed assets | 22/27 | €55,255 | €32,261 | -€22,994 | -41.6% |
| Furniture and vehicles | 24 | €55,255 | €32,261 | -€22,994 | -41.6% |
| Current assets | 29/58 | €258,376 | €276,676 | +€18,300 | +7.1% |
| Amounts receivable within one year | 40/41 | €237,432 | €272,245 | +€34,813 | +14.7% |
| Trade receivables | 40 | €177,432 | €212,202 | +€34,770 | +19.6% |
| Other amounts receivable | 41 | €60,000 | €60,043 | +€43 | +0.1% |
| Cash at bank and in hand | 54/58 | €18,789 | €2,325 | -€16,464 | -87.6% |
| Deferred charges and accrued income | 490/1 | €2,155 | €2,106 | -€49 | -2.3% |
| Total equity and liabilities | 10/49 | €313,631 | €308,937 | -€4,694 | -1.5% |
| Equity | 10/15 | €235,606 | €264,061 | +€28,455 | +12.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €229,606 | €258,061 | +€28,455 | +12.4% |
| Distributable reserves | 133 | €229,606 | €258,061 | +€28,455 | +12.4% |
| Amounts payable | 17/49 | €78,025 | €44,877 | -€33,149 | -42.5% |
| Amounts payable after more than one year | 17 | €12,874 | - | -€12,874 | |
| Financial debts | 170/4 | €12,874 | - | -€12,874 | |
| Amounts payable within one year | 42/48 | €65,152 | €43,917 | -€21,234 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €25,516 | €13,500 | -€12,016 | -47.1% |
| Trade debts | 44 | €3,188 | €3,923 | +€735 | +23.1% |
| Suppliers | 440/4 | €3,188 | €3,923 | +€735 | +23.1% |
| Taxes, remuneration and social security | 45 | €36,447 | €26,494 | -€9,953 | -27.3% |
| Taxes | 450/3 | €18,179 | €17,596 | -€583 | -3.2% |
| Remuneration and social security | 454/9 | €18,268 | €8,899 | -€9,369 | -51.3% |
| Accrued charges and deferred income | 492/3 | - | €959 | +€959 | |
| Remuneration, social security and pensions | 62 | €106,679 | €63,324 | -€43,355 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,794 | €22,994 | +€200 | +0.9% |
| Other operating charges | 640/8 | €3,297 | €3,237 | -€60 | -1.8% |
| Gross operating margin | 9900 | €169,719 | €220,614 | +€50,895 | +30.0% |
| Operating profit (loss) | 9901 | €36,949 | €131,059 | +€94,110 | +254.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €861 | €625 | -€236 | -27.4% |
| Recurring financial charges | 65 | €861 | €625 | -€236 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €36,088 | €130,435 | +€94,347 | +261.4% |
| Income taxes | 67/77 | €12,811 | €34,921 | +€22,110 | +172.6% |
| Profit (loss) for the period | 9904 | €23,277 | €95,514 | +€72,237 | +310.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,277 | €95,514 | +€72,237 | +310.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.