JOVADI: 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.
JOVADI
Largest movements
- Cash +€541,131
up €541,131 (+179%), from €302,144 to €843,275
mainly Net result for the year (+€971,209) and Other debts (+€584,482)
- Financial fixed assets -€453,858
down €453,858 (-50.0%), from €907,716 to €453,858
- Other debts +€584,482
up €584,482 (+10,480%), from €5,577 to €590,059
- Profit (loss) carried forward -€353,069
down €353,069 (-88.4%), from €399,278 to €46,209
- Debts after one year -€160,336
down €160,336 (-36.0%), from €445,578 to €285,242
- Financial income +€346,478
up €346,478 (+82.8%), from €418,395 to €764,874
- Gross operating margin +€281,904
up €281,904, from -€7,177 to €274,727
- Taxes +€53,120
up €53,120, from €0 to €53,120
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 | €1,352,586 | €1,429,406 | +€76,820 | +5.7% |
| Fixed assets | 21/28 | €907,716 | €453,858 | -€453,858 | -50.0% |
| Financial fixed assets | 28 | €907,716 | €453,858 | -€453,858 | -50.0% |
| Current assets | 29/58 | €444,870 | €975,548 | +€530,678 | +119% |
| Amounts receivable within one year | 40/41 | €26,388 | €27,273 | +€885 | +3.4% |
| Trade receivables | 40 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | €26,388 | €9,273 | -€17,115 | -64.9% |
| Current investments | 50/53 | €116,337 | €105,000 | -€11,337 | -9.7% |
| Cash at bank and in hand | 54/58 | €302,144 | €843,275 | +€541,131 | +179% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,352,586 | €1,429,406 | +€76,820 | +5.7% |
| Equity | 10/15 | €739,543 | €386,474 | -€353,069 | -47.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €315,265 | €315,265 | = | 0.0% |
| Distributable reserves | 133 | €315,265 | €315,265 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,278 | €46,209 | -€353,069 | -88.4% |
| Amounts payable | 17/49 | €613,043 | €1,042,932 | +€429,889 | +70.1% |
| Amounts payable after more than one year | 17 | €445,578 | €285,242 | -€160,336 | -36.0% |
| Financial debts | 170/4 | €445,578 | €285,242 | -€160,336 | -36.0% |
| Amounts payable within one year | 42/48 | €163,471 | €754,674 | +€591,203 | +362% |
| Current portion of amounts payable after more than one year | 42 | €157,776 | €160,336 | +€2,559 | +1.6% |
| Taxes, remuneration and social security | 45 | €118 | €4,280 | +€4,162 | +3,532% |
| Taxes | 450/3 | €118 | €4,280 | +€4,162 | +3,532% |
| Other amounts payable | 47/48 | €5,577 | €590,059 | +€584,482 | +10,480% |
| Accrued charges and deferred income | 492/3 | €3,994 | €3,016 | -€978 | -24.5% |
| Other operating charges | 640/8 | €118 | €1,118 | +€1,000 | +848% |
| Gross operating margin | 9900 | -€7,177 | €274,727 | +€281,904 | |
| Operating profit (loss) | 9901 | -€7,295 | €273,609 | +€280,904 | |
| Financial income | 75/76B | €418,395 | €764,874 | +€346,478 | +82.8% |
| Recurring financial income | 75 | €418,395 | €764,874 | +€346,478 | +82.8% |
| Financial charges | 65/66B | €11,822 | €14,154 | +€2,331 | +19.7% |
| Recurring financial charges | 65 | €11,822 | €14,154 | +€2,331 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €399,278 | €1,024,329 | +€625,051 | +157% |
| Income taxes | 67/77 | €0 | €53,120 | +€53,120 | |
| Profit (loss) for the period | 9904 | €399,278 | €971,209 | +€571,931 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €399,278 | €971,209 | +€571,931 | +143% |
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 17 October 2026 via checked.be.