JOVAG-DECO: 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.
JOVAG-DECO
Largest movements
- Financial fixed assets -€15,000
down €15,000 (-100%), from €15,000 to €0
- Receivables within one year -€4,419
down €4,419 (-92.3%), from €4,788 to €369
of which Trade receivables: -€4,171
- Tangible fixed assets -€4,238
down €4,238 (-36.2%), from €11,692 to €7,454
- Cash -€1,249
down €1,249 (-67.1%), from €1,861 to €612
mainly Net result for the year (-€22,400) and Other debts (-€2,437)
- Deferred charges and accrued income -€436
down €436 (-46.4%), from €941 to €504
- Profit (loss) carried forward -€22,400
down €22,400 (-69.4%), from -€32,278 to -€54,678
- Other debts -€2,437
down €2,437 (-4.4%), from €54,886 to €52,449
- Trade debts -€506
down €506 (-100%), from €506 to €0
- Financial charges +€15,028
up €15,028 (+3,077%), from €488 to €15,517
- Gross operating margin -€5,235
down €5,235, from €3,988 to -€1,247
- Other operating charges +€613
up €613 (+158%), from €387 to €1,000
- Staff costs +€400
new in 2025: €400
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 | €34,282 | €8,939 | -€25,343 | -73.9% |
| Fixed assets | 21/28 | €26,692 | €7,454 | -€19,238 | -72.1% |
| Tangible fixed assets | 22/27 | €11,692 | €7,454 | -€4,238 | -36.2% |
| Furniture and vehicles | 24 | €11,692 | €7,454 | -€4,238 | -36.2% |
| Financial fixed assets | 28 | €15,000 | €0 | -€15,000 | -100% |
| Current assets | 29/58 | €7,590 | €1,485 | -€6,105 | -80.4% |
| Amounts receivable within one year | 40/41 | €4,788 | €369 | -€4,419 | -92.3% |
| Trade receivables | 40 | €4,293 | €122 | -€4,171 | -97.1% |
| Other amounts receivable | 41 | €495 | €247 | -€248 | -50.1% |
| Cash at bank and in hand | 54/58 | €1,861 | €612 | -€1,249 | -67.1% |
| Deferred charges and accrued income | 490/1 | €941 | €504 | -€436 | -46.4% |
| Total equity and liabilities | 10/49 | €34,282 | €8,939 | -€25,343 | -73.9% |
| Equity | 10/15 | -€21,109 | -€43,509 | -€22,400 | -106% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,253 | €1,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,253 | €1,253 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,253 | €1,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,278 | -€54,678 | -€22,400 | -69.4% |
| Amounts payable | 17/49 | €55,391 | €52,449 | -€2,943 | -5.3% |
| Amounts payable within one year | 42/48 | €55,391 | €52,449 | -€2,943 | -5.3% |
| Trade debts | 44 | €506 | €0 | -€506 | -100% |
| Suppliers | 440/4 | €506 | €0 | -€506 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,886 | €52,449 | -€2,437 | -4.4% |
| Remuneration, social security and pensions | 62 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €4,238 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €1,000 | +€613 | +158% |
| Gross operating margin | 9900 | €3,988 | -€1,247 | -€5,235 | |
| Operating profit (loss) | 9901 | -€637 | -€6,885 | -€6,248 | -980% |
| Financial income | 75/76B | €0 | €2 | +€2 | +6,567% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +6,567% |
| Financial charges | 65/66B | €488 | €15,517 | +€15,028 | +3,077% |
| Recurring financial charges | 65 | €488 | €15,517 | +€15,028 | +3,077% |
| Profit (loss) for the period before taxes | 9903 | -€1,126 | -€22,400 | -€21,274 | -1,890% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,126 | -€22,400 | -€21,274 | -1,890% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,126 | -€22,400 | -€21,274 | -1,890% |
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 27 October 2026 via checked.be.