JOVADA: 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.
What changed
JOVADA
NACE 47.722, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17,550
2024 · -€66,808+€49,258
Equity
€373,382
2024 · €390,932-€17,550
Cash
€6,676
2024 · €10,800-€4,125
Balance sheet total
€1.2m
2024 · €1.3m-€92,981
Largest movements
Assets
- Tangible fixed assets -€108,079
down €108,079 (-21.7%), from €497,009 to €388,930
of which Furniture and vehicles: -€88,122
- Receivables within one year +€22,961
up €22,961 (+840%), from €2,732 to €25,693
of which Other amounts receivable: +€22,958
Equity and liabilities
- Other debts -€80,236
down €80,236 (-10.0%), from €803,180 to €722,944
Income statement
- Gross operating margin +€50,435
up €50,435 (+405%), from €12,459 to €62,894
- Depreciation -€26,891
down €26,891 (-41.4%), from €65,025 to €38,134
- Other operating charges +€745
up €745 (+4.8%), from €15,530 to €16,276
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.
Result 2024
-€66,808
Gross operating margin
+€50,435
Depreciation
+€26,891
Other operating charges
-€745
Other operating items
-€27,122
Financial income
-€0
Financial charges
+€18
Taxes
-€219
Result 2025
-€17,550
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€74,070
Investment
+€69,945
Financing
€0
Cash 2024
€10,800
From operations (derived)
-€74,070
Net result for the year
-€17,550
Depreciation
+€38,134
Receivables within one year
-€22,961
Deferred charges and accrued income
+€3,738
Provisions
-€2,045
Trade debts
+€459
Tax, wage and social debts
+€6,162
Other debts
-€80,236
Accrued charges and deferred income
+€230
Investment (derived)
+€69,945
Investment in fixed assets (net)
+€69,945
Cash 2025
€6,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,275,961 | €1,182,980 | -€92,981 | -7.3% |
| Fixed assets | 21/28 | €1,258,034 | €1,149,955 | -€108,079 | -8.6% |
| Tangible fixed assets | 22/27 | €497,009 | €388,930 | -€108,079 | -21.7% |
| Plant, machinery and equipment | 23 | €1,752 | €939 | -€813 | -46.4% |
| Furniture and vehicles | 24 | €100,660 | €12,538 | -€88,122 | -87.5% |
| Other tangible fixed assets | 26 | €394,597 | €375,453 | -€19,145 | -4.9% |
| Financial fixed assets | 28 | €761,025 | €761,025 | = | 0.0% |
| Current assets | 29/58 | €17,927 | €33,025 | +€15,098 | +84.2% |
| Amounts receivable within one year | 40/41 | €2,732 | €25,693 | +€22,961 | +840% |
| Trade receivables | 40 | €313 | €316 | +€3 | +1.0% |
| Other amounts receivable | 41 | €2,419 | €25,377 | +€22,958 | +949% |
| Cash at bank and in hand | 54/58 | €10,800 | €6,676 | -€4,125 | -38.2% |
| Deferred charges and accrued income | 490/1 | €4,395 | €657 | -€3,738 | -85.1% |
| Total equity and liabilities | 10/49 | €1,275,961 | €1,182,980 | -€92,981 | -7.3% |
| Equity | 10/15 | €390,932 | €373,382 | -€17,550 | -4.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €304,538 | €299,668 | -€4,869 | -1.6% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Legal reserve | 130 | €49,600 | €49,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,660 | €177,790 | -€4,869 | -2.7% |
| Distributable reserves | 133 | €72,278 | €72,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,605 | -€26,286 | -€12,681 | -93.2% |
| Provisions and deferred taxes | 16 | €74,136 | €72,090 | -€2,045 | -2.8% |
| Deferred taxes | 168 | €74,136 | €72,090 | -€2,045 | -2.8% |
| Amounts payable | 17/49 | €810,893 | €737,508 | -€73,385 | -9.0% |
| Amounts payable within one year | 42/48 | €803,573 | €729,958 | -€73,615 | -9.2% |
| Trade debts | 44 | €141 | €600 | +€459 | +327% |
| Suppliers | 440/4 | €141 | €600 | +€459 | +327% |
| Taxes, remuneration and social security | 45 | €252 | €6,414 | +€6,162 | +2,447% |
| Taxes | 450/3 | €252 | €6,414 | +€6,162 | +2,447% |
| Other amounts payable | 47/48 | €803,180 | €722,944 | -€80,236 | -10.0% |
| Accrued charges and deferred income | 492/3 | €7,320 | €7,550 | +€230 | +3.1% |
| Non-recurring operating income | 76A | - | €19,808 | +€19,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,025 | €38,134 | -€26,891 | -41.4% |
| Other operating charges | 640/8 | €15,530 | €16,276 | +€745 | +4.8% |
| Non-recurring operating charges | 66A | - | €27,122 | +€27,122 | |
| Gross operating margin | 9900 | €12,459 | €62,894 | +€50,435 | +405% |
| Operating profit (loss) | 9901 | -€68,096 | -€18,637 | +€49,459 | +72.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €505 | €487 | -€18 | -3.6% |
| Recurring financial charges | 65 | €505 | €487 | -€18 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€68,602 | -€19,124 | +€49,477 | +72.1% |
| Transfer from deferred taxes | 780 | €2,045 | €2,045 | = | 0.0% |
| Income taxes | 67/77 | €252 | €471 | +€219 | +87.1% |
| Profit (loss) for the period | 9904 | -€66,808 | -€17,550 | +€49,258 | +73.7% |
| Transfer from tax-exempt reserves | 789 | €4,869 | €4,869 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,939 | -€12,681 | +€49,258 | +79.5% |
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 13 October 2026 via checked.be.