Jovago: 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.
Jovago
Largest movements
- Tangible fixed assets +€152,640
up €152,640 (+348%), from €43,899 to €196,539
of which Land and buildings: +€162,500
- Cash -€33,318
down €33,318 (-43.2%), from €77,166 to €43,848
mainly Investment in fixed assets (net) (-€182,000) and Contributions, distributions and other (-€35,000)
- Receivables within one year -€10,948
down €10,948 (-47.7%), from €22,931 to €11,983
of which Other amounts receivable: -€11,423
- Receivables after one year -€3,500
no longer reported in 2025 (was €3,500)
- Deferred charges and accrued income +€2,864
up €2,864 (+194%), from €1,473 to €4,337
- Debts after one year +€125,306
up €125,306 (+360%), from €34,830 to €160,137
- Reserves -€27,543
down €27,543 (-28.2%), from €97,502 to €69,959
- Current portion of long-term debt +€8,358
up €8,358 (+100%), from €8,336 to €16,694
- Depreciation +€23,958
up €23,958 (+443%), from €5,403 to €29,361
- Gross operating margin -€7,869
down €7,869 (-15.1%), from €52,140 to €44,272
- Taxes -€6,835
down €6,835 (-75.1%), from €9,102 to €2,267
- Financial charges +€2,189
up €2,189 (+115%), from €1,905 to €4,094
- Other operating charges +€941
up €941 (+170%), from €553 to €1,494
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 | €148,969 | €256,707 | +€107,738 | +72.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €43,899 | €196,539 | +€152,640 | +348% |
| Tangible fixed assets | 22/27 | €43,899 | €196,539 | +€152,640 | +348% |
| Land and buildings | 22 | - | €162,500 | +€162,500 | |
| Leasing and similar rights | 25 | €43,899 | €34,039 | -€9,860 | -22.5% |
| Current assets | 29/58 | €105,070 | €60,168 | -€44,901 | -42.7% |
| Amounts receivable after more than one year | 29 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 291 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €22,931 | €11,983 | -€10,948 | -47.7% |
| Trade receivables | 40 | €9,275 | €9,750 | +€475 | +5.1% |
| Other amounts receivable | 41 | €13,656 | €2,233 | -€11,423 | -83.6% |
| Cash at bank and in hand | 54/58 | €77,166 | €43,848 | -€33,318 | -43.2% |
| Deferred charges and accrued income | 490/1 | €1,473 | €4,337 | +€2,864 | +194% |
| Total equity and liabilities | 10/49 | €148,969 | €256,707 | +€107,738 | +72.3% |
| Equity | 10/15 | €99,502 | €71,959 | -€27,543 | -27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €97,502 | €69,959 | -€27,543 | -28.2% |
| Distributable reserves | 133 | €97,502 | €69,959 | -€27,543 | -28.2% |
| Amounts payable | 17/49 | €49,467 | €184,748 | +€135,282 | +273% |
| Amounts payable after more than one year | 17 | €34,830 | €160,137 | +€125,306 | +360% |
| Financial debts | 170/4 | €34,830 | €160,137 | +€125,306 | +360% |
| Amounts payable within one year | 42/48 | €14,636 | €24,166 | +€9,529 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €8,336 | €16,694 | +€8,358 | +100% |
| Trade debts | 44 | €1,453 | €190 | -€1,264 | -86.9% |
| Suppliers | 440/4 | €1,453 | €190 | -€1,264 | -86.9% |
| Taxes, remuneration and social security | 45 | €4,848 | €5,657 | +€810 | +16.7% |
| Taxes | 450/3 | €4,848 | €5,657 | +€810 | +16.7% |
| Other amounts payable | 47/48 | - | €1,625 | +€1,625 | |
| Accrued charges and deferred income | 492/3 | - | €446 | +€446 | |
| Non-recurring operating income | 76A | €8,468 | - | -€8,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €29,361 | +€23,958 | +443% |
| Other operating charges | 640/8 | €553 | €1,494 | +€941 | +170% |
| Gross operating margin | 9900 | €52,140 | €44,272 | -€7,869 | -15.1% |
| Operating profit (loss) | 9901 | €46,185 | €13,417 | -€32,767 | -70.9% |
| Financial income | 75/76B | €427 | €401 | -€26 | -6.2% |
| Recurring financial income | 75 | €427 | €401 | -€26 | -6.2% |
| Financial charges | 65/66B | €1,905 | €4,094 | +€2,189 | +115% |
| Recurring financial charges | 65 | €1,905 | €4,094 | +€2,189 | +115% |
| Profit (loss) for the period before taxes | 9903 | €44,706 | €9,724 | -€34,982 | -78.2% |
| Income taxes | 67/77 | €9,102 | €2,267 | -€6,835 | -75.1% |
| Profit (loss) for the period | 9904 | €35,604 | €7,457 | -€28,147 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,604 | €7,457 | -€28,147 | -79.1% |
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 19 October 2026 via checked.be.