Jovade: 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.
Jovade
Largest movements
- Tangible fixed assets +€56,624
up €56,624 (+69.3%), from €81,756 to €138,380
of which Plant, machinery and equipment: +€57,788
- Receivables within one year +€12,995
up €12,995 (+52.2%), from €24,891 to €37,886
of which Other amounts receivable: +€11,098
- Cash -€11,267
down €11,267 (-32.6%), from €34,540 to €23,272
mainly Investment in fixed assets (net) (-€80,323) and Trade debts (-€68,705)
- Deferred charges and accrued income +€2,920
up €2,920 (+513%), from €569 to €3,488
- Trade debts -€68,705
down €68,705 (-81.4%), from €84,414 to €15,709
- Reserves +€60,311
new in 2024: €60,311
- Debts after one year +€57,834
up €57,834 (+158%), from €36,709 to €94,543
- Other debts -€15,756
down €15,756 (-88.5%), from €17,804 to €2,048
- Tax, wage and social debts +€11,403
up €11,403 (+55.6%), from €20,505 to €31,908
of which Taxes: +€10,993
- Gross operating margin +€170,570
up €170,570 (+151%), from €112,800 to €283,370
- Staff costs +€70,327
up €70,327 (+75.2%), from €93,572 to €163,899
- Taxes +€13,961
new in 2024: €13,961
- Depreciation +€8,034
up €8,034 (+51.3%), from €15,665 to €23,699
- Financial charges +€3,397
up €3,397 (+37.4%), from €9,079 to €12,476
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,496 | €229,436 | +€62,940 | +37.8% |
| Fixed assets | 21/28 | €81,856 | €138,480 | +€56,624 | +69.2% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €81,756 | €138,380 | +€56,624 | +69.3% |
| Land and buildings | 22 | €17,754 | €15,679 | -€2,075 | -11.7% |
| Plant, machinery and equipment | 23 | €31,728 | €89,515 | +€57,788 | +182% |
| Furniture and vehicles | 24 | €7,384 | €14,269 | +€6,885 | +93.2% |
| Leasing and similar rights | 25 | €24,890 | €18,917 | -€5,974 | -24.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €84,640 | €90,956 | +€6,316 | +7.5% |
| Stocks and contracts in progress | 3 | €24,641 | €26,310 | +€1,669 | +6.8% |
| Stocks | 30/36 | €24,641 | €26,310 | +€1,669 | +6.8% |
| Amounts receivable within one year | 40/41 | €24,891 | €37,886 | +€12,995 | +52.2% |
| Trade receivables | 40 | €24,891 | €26,788 | +€1,897 | +7.6% |
| Other amounts receivable | 41 | - | €11,098 | +€11,098 | |
| Cash at bank and in hand | 54/58 | €34,540 | €23,272 | -€11,267 | -32.6% |
| Deferred charges and accrued income | 490/1 | €569 | €3,488 | +€2,920 | +513% |
| Total equity and liabilities | 10/49 | €166,496 | €229,436 | +€62,940 | +37.8% |
| Equity | 10/15 | -€2,708 | €65,311 | +€68,019 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €60,311 | +€60,311 | |
| Distributable reserves | 133 | - | €60,311 | +€60,311 | |
| Profit (loss) carried forward | 14 | -€7,708 | - | +€7,708 | |
| Amounts payable | 17/49 | €169,204 | €164,125 | -€5,079 | -3.0% |
| Amounts payable after more than one year | 17 | €36,709 | €94,543 | +€57,834 | +158% |
| Financial debts | 170/4 | €36,709 | €94,543 | +€57,834 | +158% |
| Amounts payable within one year | 42/48 | €132,495 | €69,282 | -€63,213 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €9,772 | €19,617 | +€9,845 | +101% |
| Trade debts | 44 | €84,414 | €15,709 | -€68,705 | -81.4% |
| Suppliers | 440/4 | €84,414 | €15,709 | -€68,705 | -81.4% |
| Taxes, remuneration and social security | 45 | €20,505 | €31,908 | +€11,403 | +55.6% |
| Taxes | 450/3 | €3,677 | €14,670 | +€10,993 | +299% |
| Remuneration and social security | 454/9 | €16,828 | €17,238 | +€410 | +2.4% |
| Other amounts payable | 47/48 | €17,804 | €2,048 | -€15,756 | -88.5% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €93,572 | €163,899 | +€70,327 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,665 | €23,699 | +€8,034 | +51.3% |
| Other operating charges | 640/8 | €2,272 | €1,393 | -€880 | -38.7% |
| Gross operating margin | 9900 | €112,800 | €283,370 | +€170,570 | +151% |
| Operating profit (loss) | 9901 | €1,291 | €94,379 | +€93,088 | +7,209% |
| Financial income | 75/76B | €80 | €77 | -€3 | -3.7% |
| Recurring financial income | 75 | €80 | €77 | -€3 | -3.7% |
| Financial charges | 65/66B | €9,079 | €12,476 | +€3,397 | +37.4% |
| Recurring financial charges | 65 | €9,079 | €12,476 | +€3,397 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,708 | €81,980 | +€89,688 | |
| Income taxes | 67/77 | - | €13,961 | +€13,961 | |
| Profit (loss) for the period | 9904 | -€7,708 | €68,019 | +€75,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,708 | €68,019 | +€75,727 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.