JoV DESIGN: 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.
JoV DESIGN
Largest movements
- Current investments +€641,506
up €641,506 (+244.8%), from €262,039 to €903,545
- Tangible fixed assets +€397,304
up €397,304 (+9.3%), from €4.3m to €4.7m
of which Land and buildings: +€356,171
- Receivables within one year -€183,099
down €183,099 (-63.1%), from €290,126 to €107,027
of which Trade receivables: -€231,296
- Cash -€162,865
down €162,865 (-32.8%), from €496,165 to €333,300
mainly Current investments (-€641,506) and Investment in fixed assets (net) (-€497,209)
- Reserves +€468,772
up €468,772 (+18.5%), from €2.5m to €3.0m
- Debts after one year +€158,480
up €158,480 (+5.9%), from €2.7m to €2.9m
- Gross operating margin +€194,790
up €194,790 (+20.5%), from €948,743 to €1.1m
- Other operating charges +€88,983
up €88,983 (+2722.2%), from €3,269 to €92,252
- Taxes +€29,768
up €29,768 (+11.3%), from €262,276 to €292,045
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 | €5,726,636 | €6,419,924 | +€693,288 | +12.1% |
| Fixed assets | 21/28 | €4,535,141 | €4,932,446 | +€397,304 | +8.8% |
| Tangible fixed assets | 22/27 | €4,280,310 | €4,677,615 | +€397,304 | +9.3% |
| Land and buildings | 22 | €4,193,772 | €4,549,943 | +€356,171 | +8.5% |
| Plant, machinery and equipment | 23 | €80,038 | €71,172 | -€8,866 | -11.1% |
| Other tangible fixed assets | 26 | €6,500 | €56,500 | +€50,000 | +769.2% |
| Financial fixed assets | 28 | €254,831 | €254,831 | = | 0.0% |
| Current assets | 29/58 | €1,191,495 | €1,487,478 | +€295,983 | +24.8% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €290,126 | €107,027 | -€183,099 | -63.1% |
| Trade receivables | 40 | €243,782 | €12,485 | -€231,296 | -94.9% |
| Other amounts receivable | 41 | €46,344 | €94,542 | +€48,198 | +104.0% |
| Current investments | 50/53 | €262,039 | €903,545 | +€641,506 | +244.8% |
| Cash at bank and in hand | 54/58 | €496,165 | €333,300 | -€162,865 | -32.8% |
| Deferred charges and accrued income | 490/1 | €3,165 | €3,606 | +€441 | +13.9% |
| Total equity and liabilities | 10/49 | €5,726,636 | €6,419,924 | +€693,288 | +12.1% |
| Equity | 10/15 | €2,533,723 | €3,002,495 | +€468,772 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,527,523 | €2,996,295 | +€468,772 | +18.5% |
| Distributable reserves | 133 | €2,527,523 | €2,996,295 | +€468,772 | +18.5% |
| Amounts payable | 17/49 | €3,192,913 | €3,417,429 | +€224,516 | +7.0% |
| Amounts payable after more than one year | 17 | €2,703,423 | €2,861,903 | +€158,480 | +5.9% |
| Financial debts | 170/4 | €2,703,423 | €2,861,903 | +€158,480 | +5.9% |
| Amounts payable within one year | 42/48 | €476,522 | €542,527 | +€66,005 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €221,830 | €269,020 | +€47,190 | +21.3% |
| Trade debts | 44 | €4,567 | €3,634 | -€933 | -20.4% |
| Suppliers | 440/4 | €4,567 | €3,634 | -€933 | -20.4% |
| Advances received on contracts in progress | 46 | €5,162 | - | -€5,162 | |
| Taxes, remuneration and social security | 45 | €66,489 | €94,059 | +€27,571 | +41.5% |
| Taxes | 450/3 | €66,489 | €94,059 | +€27,571 | +41.5% |
| Other amounts payable | 47/48 | €178,475 | €175,814 | -€2,661 | -1.5% |
| Accrued charges and deferred income | 492/3 | €12,968 | €12,998 | +€31 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,360 | €99,904 | +€10,544 | +11.8% |
| Other operating charges | 640/8 | €3,269 | €92,252 | +€88,983 | +2722.2% |
| Gross operating margin | 9900 | €948,743 | €1,143,532 | +€194,790 | +20.5% |
| Operating profit (loss) | 9901 | €856,114 | €951,376 | +€95,262 | +11.1% |
| Financial income | 75/76B | €7,066 | €14,503 | +€7,437 | +105.3% |
| Recurring financial income | 75 | €7,066 | €14,503 | +€7,437 | +105.3% |
| Financial charges | 65/66B | €30,100 | €36,319 | +€6,219 | +20.7% |
| Recurring financial charges | 65 | €30,100 | €36,319 | +€6,219 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €833,080 | €929,561 | +€96,481 | +11.6% |
| Income taxes | 67/77 | €262,276 | €292,045 | +€29,768 | +11.3% |
| Profit (loss) for the period | 9904 | €570,803 | €637,516 | +€66,712 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €570,803 | €637,516 | +€66,712 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.