JOVA: 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.
JOVA
Largest movements
- Tangible fixed assets +€27,255
up €27,255 (+17.7%), from €153,999 to €181,254
of which Furniture and vehicles: +€29,720
- Receivables within one year +€7,233
up €7,233 (+11.8%), from €61,367 to €68,599
of which Trade receivables: +€5,042
- Debts after one year +€15,973
up €15,973 (+13.5%), from €117,912 to €133,885
- Reserves +€14,283
up €14,283 (+39.2%), from €36,484 to €50,767
- Short-term financial debts -€7,323
down €7,323 (-100.0%), from €7,323 to €0
- Tax, wage and social debts +€6,082
up €6,082 (+35.0%), from €17,384 to €23,466
of which Taxes: +€4,288
- Current portion of long-term debt +€3,456
up €3,456 (+22.3%), from €15,492 to €18,948
- Gross operating margin +€22,650
up €22,650 (+20.4%), from €110,832 to €133,482
- Taxes +€6,377
up €6,377 (+353.3%), from €1,805 to €8,181
- Other operating charges +€4,335
up €4,335 (+109.6%), from €3,954 to €8,289
- Staff costs -€1,530
down €1,530 (-2.1%), from €73,697 to €72,167
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 | €246,324 | €280,683 | +€34,359 | +13.9% |
| Fixed assets | 21/28 | €154,693 | €181,948 | +€27,255 | +17.6% |
| Tangible fixed assets | 22/27 | €153,999 | €181,254 | +€27,255 | +17.7% |
| Land and buildings | 22 | €134,587 | €131,173 | -€3,414 | -2.5% |
| Plant, machinery and equipment | 23 | €2,888 | €6,376 | +€3,488 | +120.8% |
| Furniture and vehicles | 24 | €13,986 | €43,706 | +€29,720 | +212.5% |
| Leasing and similar rights | 25 | €2,539 | €0 | -€2,539 | -100.0% |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €91,631 | €98,735 | +€7,104 | +7.8% |
| Stocks and contracts in progress | 3 | €2,355 | €1,925 | -€430 | -18.3% |
| Stocks | 30/36 | €2,355 | €1,925 | -€430 | -18.3% |
| Amounts receivable within one year | 40/41 | €61,367 | €68,599 | +€7,233 | +11.8% |
| Trade receivables | 40 | €18,763 | €23,805 | +€5,042 | +26.9% |
| Other amounts receivable | 41 | €42,604 | €44,795 | +€2,191 | +5.1% |
| Cash at bank and in hand | 54/58 | €25,038 | €25,983 | +€945 | +3.8% |
| Deferred charges and accrued income | 490/1 | €2,871 | €2,227 | -€644 | -22.4% |
| Total equity and liabilities | 10/49 | €246,324 | €280,683 | +€34,359 | +13.9% |
| Equity | 10/15 | €55,084 | €69,367 | +€14,283 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,484 | €50,767 | +€14,283 | +39.2% |
| Distributable reserves | 133 | €36,484 | €50,767 | +€14,283 | +39.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €191,241 | €211,316 | +€20,075 | +10.5% |
| Amounts payable after more than one year | 17 | €117,912 | €133,885 | +€15,973 | +13.5% |
| Financial debts | 170/4 | €117,912 | €133,885 | +€15,973 | +13.5% |
| Amounts payable within one year | 42/48 | €73,329 | €77,431 | +€4,102 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €15,492 | €18,948 | +€3,456 | +22.3% |
| Financial debts | 43 | €7,323 | €0 | -€7,323 | -100.0% |
| Credit institutions | 430/8 | €7,323 | €0 | -€7,323 | -100.0% |
| Trade debts | 44 | €33,129 | €34,184 | +€1,055 | +3.2% |
| Suppliers | 440/4 | €33,129 | €34,184 | +€1,055 | +3.2% |
| Taxes, remuneration and social security | 45 | €17,384 | €23,466 | +€6,082 | +35.0% |
| Taxes | 450/3 | €5,809 | €10,097 | +€4,288 | +73.8% |
| Remuneration and social security | 454/9 | €11,575 | €13,369 | +€1,794 | +15.5% |
| Other amounts payable | 47/48 | €0 | €834 | +€834 | |
| Remuneration, social security and pensions | 62 | €73,697 | €72,167 | -€1,530 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,626 | €20,568 | +€942 | +4.8% |
| Other operating charges | 640/8 | €3,954 | €8,289 | +€4,335 | +109.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €110,832 | €133,482 | +€22,650 | +20.4% |
| Operating profit (loss) | 9901 | €13,555 | €32,458 | +€18,903 | +139.5% |
| Financial income | 75/76B | €14 | €79 | +€65 | +472.0% |
| Recurring financial income | 75 | €14 | €79 | +€65 | +472.0% |
| Financial charges | 65/66B | €9,501 | €9,239 | -€262 | -2.8% |
| Recurring financial charges | 65 | €9,501 | €9,239 | -€262 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €4,068 | €23,298 | +€19,230 | +472.7% |
| Income taxes | 67/77 | €1,805 | €8,181 | +€6,377 | +353.3% |
| Profit (loss) for the period | 9904 | €2,263 | €15,117 | +€12,854 | +567.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,263 | €15,117 | +€12,854 | +567.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.