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
- Cash +€9,074
up €9,074 (+49.1%), from €18,496 to €27,569
mainly Net result for the year (+€17,887) and Depreciation (+€2,806)
- Tangible fixed assets -€2,806
down €2,806 (-18.9%), from €14,846 to €12,040
of which Furniture and vehicles: -€2,601
- Receivables within one year +€829
up €829 (+10.4%), from €7,967 to €8,796
- Profit (loss) carried forward +€17,887
up €17,887 (+31.8%), from -€56,330 to -€38,444
- Debts after one year -€5,193
down €5,193 (-31.9%), from €16,284 to €11,091
- Tax, wage and social debts -€3,473
down €3,473 (-82.8%), from €4,195 to €722
of which Remuneration and social security: -€2,728
- Trade debts -€2,549
down €2,549 (-69.8%), from €3,652 to €1,103
- Gross operating margin +€13,542
up €13,542 (+149.0%), from €9,088 to €22,630
- Depreciation -€3,065
down €3,065 (-52.2%), from €5,871 to €2,806
- Other operating charges +€1,021
up €1,021 (+561.5%), from €182 to €1,203
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 | €41,778 | €48,405 | +€6,628 | +15.9% |
| Fixed assets | 21/28 | €14,846 | €12,040 | -€2,806 | -18.9% |
| Tangible fixed assets | 22/27 | €14,846 | €12,040 | -€2,806 | -18.9% |
| Furniture and vehicles | 24 | €14,302 | €11,700 | -€2,601 | -18.2% |
| Other tangible fixed assets | 26 | €544 | €340 | -€204 | -37.6% |
| Current assets | 29/58 | €26,931 | €36,365 | +€9,434 | +35.0% |
| Amounts receivable within one year | 40/41 | €7,967 | €8,796 | +€829 | +10.4% |
| Trade receivables | 40 | €7,967 | €8,796 | +€829 | +10.4% |
| Cash at bank and in hand | 54/58 | €18,496 | €27,569 | +€9,074 | +49.1% |
| Deferred charges and accrued income | 490/1 | €469 | - | -€469 | |
| Total equity and liabilities | 10/49 | €41,778 | €48,405 | +€6,628 | +15.9% |
| Equity | 10/15 | -€30,470 | -€12,584 | +€17,887 | +58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,260 | €7,260 | = | 0.0% |
| Distributable reserves | 133 | €7,260 | €7,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,330 | -€38,444 | +€17,887 | +31.8% |
| Amounts payable | 17/49 | €72,248 | €60,989 | -€11,259 | -15.6% |
| Amounts payable after more than one year | 17 | €16,284 | €11,091 | -€5,193 | -31.9% |
| Financial debts | 170/4 | €16,284 | €11,091 | -€5,193 | -31.9% |
| Amounts payable within one year | 42/48 | €55,964 | €49,898 | -€6,066 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €5,110 | €5,193 | +€83 | +1.6% |
| Trade debts | 44 | €3,652 | €1,103 | -€2,549 | -69.8% |
| Suppliers | 440/4 | €3,652 | €1,103 | -€2,549 | -69.8% |
| Taxes, remuneration and social security | 45 | €4,195 | €722 | -€3,473 | -82.8% |
| Taxes | 450/3 | €1,466 | €722 | -€745 | -50.8% |
| Remuneration and social security | 454/9 | €2,728 | - | -€2,728 | |
| Other amounts payable | 47/48 | €43,008 | €42,881 | -€127 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,871 | €2,806 | -€3,065 | -52.2% |
| Other operating charges | 640/8 | €182 | €1,203 | +€1,021 | +561.5% |
| Gross operating margin | 9900 | €9,088 | €22,630 | +€13,542 | +149.0% |
| Operating profit (loss) | 9901 | €3,036 | €18,622 | +€15,586 | +513.4% |
| Financial charges | 65/66B | €731 | €594 | -€137 | -18.7% |
| Recurring financial charges | 65 | €731 | €594 | -€137 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €2,305 | €18,028 | +€15,723 | +682.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €2,166 | €17,887 | +€15,721 | +725.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,166 | €17,887 | +€15,721 | +725.9% |
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 5 October 2026 via checked.be.