JOVAGA: 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.
JOVAGA
Largest movements
- Tangible fixed assets +€41,062
up €41,062 (+183%), from €22,415 to €63,477
of which Furniture and vehicles: +€43,992
- Receivables after one year -€10,000
down €10,000 (-52.6%), from €19,000 to €9,000
- Cash +€2,324
up €2,324 (+17.0%), from €13,663 to €15,988
mainly Net result for the year (+€52,634) and Debts after one year (+€34,810)
- Receivables within one year +€1,942
up €1,942 (+11.8%), from €16,387 to €18,329
of which Trade receivables: +€1,815
- Debts after one year +€34,810
new in 2025: €34,810
- Current portion of long-term debt +€5,405
up €5,405 (+91.0%), from €5,940 to €11,344
- Tax, wage and social debts -€4,052
down €4,052 (-39.0%), from €10,379 to €6,327
- Depreciation -€2,773
down €2,773 (-18.8%), from €14,750 to €11,978
- Financial income -€1,932
down €1,932 (-100.0%), from €1,932 to €0
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 | €73,623 | €109,296 | +€35,673 | +48.5% |
| Fixed assets | 21/28 | €22,415 | €63,477 | +€41,062 | +183% |
| Tangible fixed assets | 22/27 | €22,415 | €63,477 | +€41,062 | +183% |
| Plant, machinery and equipment | 23 | €12,923 | €10,489 | -€2,435 | -18.8% |
| Furniture and vehicles | 24 | €7,045 | €51,036 | +€43,992 | +624% |
| Other tangible fixed assets | 26 | €2,447 | €1,953 | -€495 | -20.2% |
| Current assets | 29/58 | €51,208 | €45,819 | -€5,390 | -10.5% |
| Amounts receivable after more than one year | 29 | €19,000 | €9,000 | -€10,000 | -52.6% |
| Other amounts receivable | 291 | €19,000 | €9,000 | -€10,000 | -52.6% |
| Amounts receivable within one year | 40/41 | €16,387 | €18,329 | +€1,942 | +11.8% |
| Trade receivables | 40 | €16,335 | €18,150 | +€1,815 | +11.1% |
| Other amounts receivable | 41 | €52 | €179 | +€127 | +243% |
| Cash at bank and in hand | 54/58 | €13,663 | €15,988 | +€2,324 | +17.0% |
| Deferred charges and accrued income | 490/1 | €2,158 | €2,502 | +€345 | +16.0% |
| Total equity and liabilities | 10/49 | €73,623 | €109,296 | +€35,673 | +48.5% |
| Equity | 10/15 | €55,726 | €54,634 | -€1,092 | -2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,726 | €52,634 | -€1,092 | -2.0% |
| Distributable reserves | 133 | €53,726 | €52,634 | -€1,092 | -2.0% |
| Amounts payable | 17/49 | €17,897 | €54,662 | +€36,765 | +205% |
| Amounts payable after more than one year | 17 | - | €34,810 | +€34,810 | |
| Financial debts | 170/4 | - | €34,810 | +€34,810 | |
| Amounts payable within one year | 42/48 | €17,897 | €19,062 | +€1,164 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €5,940 | €11,344 | +€5,405 | +91.0% |
| Trade debts | 44 | €1,518 | €1,367 | -€151 | -9.9% |
| Suppliers | 440/4 | €1,518 | €1,367 | -€151 | -9.9% |
| Taxes, remuneration and social security | 45 | €10,379 | €6,327 | -€4,052 | -39.0% |
| Taxes | 450/3 | €10,379 | €6,327 | -€4,052 | -39.0% |
| Other amounts payable | 47/48 | €61 | €23 | -€38 | -62.4% |
| Accrued charges and deferred income | 492/3 | - | €791 | +€791 | |
| Remuneration, social security and pensions | 62 | - | €262 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,750 | €11,978 | -€2,773 | -18.8% |
| Other operating charges | 640/8 | €615 | €828 | +€213 | +34.6% |
| Gross operating margin | 9900 | €81,366 | €80,568 | -€798 | -1.0% |
| Operating profit (loss) | 9901 | €66,001 | €67,501 | +€1,500 | +2.3% |
| Financial income | 75/76B | €1,932 | €0 | -€1,932 | -100.0% |
| Recurring financial income | 75 | €1,932 | €0 | -€1,932 | -100.0% |
| Financial charges | 65/66B | €356 | €597 | +€241 | +67.5% |
| Recurring financial charges | 65 | €356 | €597 | +€241 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €67,576 | €66,904 | -€672 | -1.0% |
| Income taxes | 67/77 | €13,850 | €14,269 | +€419 | +3.0% |
| Profit (loss) for the period | 9904 | €53,726 | €52,634 | -€1,092 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,726 | €52,634 | -€1,092 | -2.0% |
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 20 October 2026 via checked.be.