JOVACON: 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.
JOVACON
Largest movements
- Cash -€32,968
down €32,968 (-47.7%), from €69,110 to €36,142
mainly Other debts (-€51,661) and Tax, wage and social debts (-€4,698)
- Deferred charges and accrued income -€3,591
down €3,591 (-40.6%), from €8,836 to €5,245
- Current investments +€2,733
up €2,733 (+1.8%), from €153,744 to €156,477
- Other debts -€51,661
down €51,661 (-100%), from €51,661 to €0
- Reserves +€21,642
up €21,642 (+10.8%), from €199,909 to €221,550
- Tax, wage and social debts -€4,698
down €4,698 (-47.4%), from €9,920 to €5,222
- Gross operating margin -€11,141
down €11,141 (-25.2%), from €44,188 to €33,048
- Taxes -€3,051
down €3,051 (-25.4%), from €11,987 to €8,937
- Depreciation +€1,128
up €1,128 (+26.3%), from €4,289 to €5,416
- Financial income +€629
up €629 (+14.6%), from €4,300 to €4,929
- Other operating charges +€527
up €527 (+74.6%), from €707 to €1,233
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 | €272,268 | €235,880 | -€36,389 | -13.4% |
| Fixed assets | 21/28 | €11,757 | €9,982 | -€1,775 | -15.1% |
| Tangible fixed assets | 22/27 | €11,307 | €9,532 | -€1,775 | -15.7% |
| Land and buildings | 22 | €1,183 | €933 | -€251 | -21.2% |
| Plant, machinery and equipment | 23 | €1,416 | €1,219 | -€197 | -13.9% |
| Furniture and vehicles | 24 | €8,708 | €7,381 | -€1,327 | -15.2% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €260,512 | €225,897 | -€34,614 | -13.3% |
| Amounts receivable within one year | 40/41 | €28,822 | €28,033 | -€789 | -2.7% |
| Trade receivables | 40 | €13,411 | €26,752 | +€13,341 | +99.5% |
| Other amounts receivable | 41 | €15,411 | €1,282 | -€14,129 | -91.7% |
| Current investments | 50/53 | €153,744 | €156,477 | +€2,733 | +1.8% |
| Cash at bank and in hand | 54/58 | €69,110 | €36,142 | -€32,968 | -47.7% |
| Deferred charges and accrued income | 490/1 | €8,836 | €5,245 | -€3,591 | -40.6% |
| Total equity and liabilities | 10/49 | €272,268 | €235,880 | -€36,389 | -13.4% |
| Equity | 10/15 | €206,109 | €227,750 | +€21,642 | +10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €199,909 | €221,550 | +€21,642 | +10.8% |
| Distributable reserves | 133 | €199,909 | €221,550 | +€21,642 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,160 | €8,129 | -€58,030 | -87.7% |
| Amounts payable within one year | 42/48 | €66,160 | €8,129 | -€58,030 | -87.7% |
| Trade debts | 44 | €4,579 | €2,907 | -€1,671 | -36.5% |
| Suppliers | 440/4 | €4,579 | €2,907 | -€1,671 | -36.5% |
| Taxes, remuneration and social security | 45 | €9,920 | €5,222 | -€4,698 | -47.4% |
| Taxes | 450/3 | €9,920 | €5,222 | -€4,698 | -47.4% |
| Other amounts payable | 47/48 | €51,661 | €0 | -€51,661 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,289 | €5,416 | +€1,128 | +26.3% |
| Other operating charges | 640/8 | €707 | €1,233 | +€527 | +74.6% |
| Non-recurring operating charges | 66A | €933 | €0 | -€933 | -100% |
| Gross operating margin | 9900 | €44,188 | €33,048 | -€11,141 | -25.2% |
| Operating profit (loss) | 9901 | €38,261 | €26,398 | -€11,863 | -31.0% |
| Financial income | 75/76B | €4,300 | €4,929 | +€629 | +14.6% |
| Recurring financial income | 75 | €4,300 | €4,929 | +€629 | +14.6% |
| Financial charges | 65/66B | €1,025 | €749 | -€277 | -27.0% |
| Recurring financial charges | 65 | €1,025 | €749 | -€277 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €41,535 | €30,578 | -€10,957 | -26.4% |
| Income taxes | 67/77 | €11,987 | €8,937 | -€3,051 | -25.4% |
| Profit (loss) for the period | 9904 | €29,548 | €21,642 | -€7,906 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,548 | €21,642 | -€7,906 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.