JOVABO: 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.
JOVABO
Largest movements
- Receivables within one year -€23,597
down €23,597 (-70.9%), from €33,287 to €9,690
of which Other amounts receivable: -€20,789
- Cash +€13,759
up €13,759 (+43.1%), from €31,904 to €45,662
mainly Receivables within one year (+€23,597) and Net result for the year (+€21,613)
- Tangible fixed assets -€9,509
down €9,509 (-46.5%), from €20,444 to €10,935
of which Furniture and vehicles: -€10,195
- Profit (loss) carried forward -€16,465
down €16,465 (-99.9%), from €16,478 to €13
- Current portion of long-term debt -€5,916
down €5,916 (-62.4%), from €9,476 to €3,560
- Debts after one year -€3,560
down €3,560 (-28.0%), from €12,696 to €9,136
- Other debts +€3,423
new in 2025: €3,423
- Reserves +€2,405
up €2,405 (+2.6%), from €94,121 to €96,525
- Gross operating margin +€7,500
up €7,500 (+21.6%), from €34,644 to €42,143
- Taxes +€4,377
up €4,377 (+83.2%), from €5,263 to €9,640
- Depreciation -€2,319
down €2,319 (-17.7%), from €13,120 to €10,801
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 | €138,899 | €119,738 | -€19,161 | -13.8% |
| Fixed assets | 21/28 | €42,479 | €32,970 | -€9,509 | -22.4% |
| Tangible fixed assets | 22/27 | €20,444 | €10,935 | -€9,509 | -46.5% |
| Plant, machinery and equipment | 23 | €599 | €1,285 | +€686 | +115% |
| Furniture and vehicles | 24 | €19,845 | €9,649 | -€10,195 | -51.4% |
| Financial fixed assets | 28 | €22,035 | €22,035 | = | 0.0% |
| Current assets | 29/58 | €96,420 | €86,768 | -€9,652 | -10.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,287 | €9,690 | -€23,597 | -70.9% |
| Trade receivables | 40 | €12,013 | €9,204 | -€2,808 | -23.4% |
| Other amounts receivable | 41 | €21,275 | €486 | -€20,789 | -97.7% |
| Cash at bank and in hand | 54/58 | €31,904 | €45,662 | +€13,759 | +43.1% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,416 | +€186 | +15.2% |
| Total equity and liabilities | 10/49 | €138,899 | €119,738 | -€19,161 | -13.8% |
| Equity | 10/15 | €113,099 | €99,038 | -€14,061 | -12.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €94,121 | €96,525 | +€2,405 | +2.6% |
| Distributable reserves | 133 | €94,121 | €96,525 | +€2,405 | +2.6% |
| Profit (loss) carried forward | 14 | €16,478 | €13 | -€16,465 | -99.9% |
| Amounts payable | 17/49 | €25,801 | €20,700 | -€5,101 | -19.8% |
| Amounts payable after more than one year | 17 | €12,696 | €9,136 | -€3,560 | -28.0% |
| Financial debts | 170/4 | €12,696 | €9,136 | -€3,560 | -28.0% |
| Amounts payable within one year | 42/48 | €13,105 | €11,564 | -€1,541 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €9,476 | €3,560 | -€5,916 | -62.4% |
| Trade debts | 44 | €661 | €322 | -€339 | -51.2% |
| Suppliers | 440/4 | €661 | €322 | -€339 | -51.2% |
| Taxes, remuneration and social security | 45 | €2,968 | €4,259 | +€1,291 | +43.5% |
| Taxes | 450/3 | €2,968 | €4,259 | +€1,291 | +43.5% |
| Other amounts payable | 47/48 | - | €3,423 | +€3,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,120 | €10,801 | -€2,319 | -17.7% |
| Other operating charges | 640/8 | €699 | €705 | +€7 | +1.0% |
| Gross operating margin | 9900 | €34,644 | €42,143 | +€7,500 | +21.6% |
| Operating profit (loss) | 9901 | €20,825 | €30,637 | +€9,812 | +47.1% |
| Financial income | 75/76B | €2,235 | €2,023 | -€212 | -9.5% |
| Recurring financial income | 75 | €2,235 | €2,023 | -€212 | -9.5% |
| Financial charges | 65/66B | €1,319 | €1,407 | +€88 | +6.7% |
| Recurring financial charges | 65 | €1,319 | €1,407 | +€88 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €21,741 | €31,253 | +€9,512 | +43.8% |
| Income taxes | 67/77 | €5,263 | €9,640 | +€4,377 | +83.2% |
| Profit (loss) for the period | 9904 | €16,478 | €21,613 | +€5,135 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,478 | €21,613 | +€5,135 | +31.2% |
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 31 October 2026 via checked.be.