JOVAMCO: what changed
Two fiscal 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.
JOVAMCO
Largest movements
- Cash +€3,329
up €3,329 (+20.3%), from €16,405 to €19,733
mainly Depreciation (+€7,929) and Net result for the year (+€5,114)
- Profit (loss) carried forward +€5,114
up €5,114 (+7.6%), from -€67,533 to -€62,420
- Debts after one year -€2,092
down €2,092 (-32.7%), from €6,394 to €4,302
- Gross operating margin -€1,807
down €1,807 (-7.4%), from €24,296 to €22,489
- Depreciation +€589
up €589 (+8.0%), from €7,340 to €7,929
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.
Cash bridge derived
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 | €159,067 | €163,147 | +€4,081 | +2.6% |
| Fixed assets | 21/28 | €141,710 | €142,699 | +€990 | +0.7% |
| Tangible fixed assets | 22/27 | €141,710 | €142,699 | +€990 | +0.7% |
| Land and buildings | 22 | €137,152 | €142,699 | +€5,548 | +4.0% |
| Plant, machinery and equipment | 23 | €4,558 | - | -€4,558 | |
| Current assets | 29/58 | €17,357 | €20,448 | +€3,091 | +17.8% |
| Cash at bank and in hand | 54/58 | €16,405 | €19,733 | +€3,329 | +20.3% |
| Deferred charges and accrued income | 490/1 | €952 | €715 | -€238 | -25.0% |
| Total equity and liabilities | 10/49 | €159,067 | €163,147 | +€4,081 | +2.6% |
| Equity | 10/15 | €16,552 | €21,666 | +€5,114 | +30.9% |
| Contributions | 10/11 | €80,987 | €80,987 | = | 0.0% |
| Capital | 10 | €80,987 | €80,987 | = | 0.0% |
| Issued capital | 100 | €80,987 | €80,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,533 | -€62,420 | +€5,114 | +7.6% |
| Amounts payable | 17/49 | €142,514 | €141,481 | -€1,033 | -0.7% |
| Amounts payable after more than one year | 17 | €6,394 | €4,302 | -€2,092 | -32.7% |
| Financial debts | 170/4 | €6,394 | €4,302 | -€2,092 | -32.7% |
| Amounts payable within one year | 42/48 | €135,540 | €135,539 | -€1 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €2,053 | €2,092 | +€38 | +1.9% |
| Trade debts | 44 | €85 | €46 | -€40 | -46.5% |
| Suppliers | 440/4 | €85 | €46 | -€40 | -46.5% |
| Other amounts payable | 47/48 | €133,402 | €133,402 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €580 | €1,640 | +€1,060 | +182.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,340 | €7,929 | +€589 | +8.0% |
| Other operating charges | 640/8 | €4,653 | €4,707 | +€55 | +1.2% |
| Non-recurring operating charges | 66A | - | €4,413 | +€4,413 | |
| Gross operating margin | 9900 | €24,296 | €22,489 | -€1,807 | -7.4% |
| Operating profit (loss) | 9901 | €12,303 | €5,440 | -€6,863 | -55.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2050.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2050.0% |
| Financial charges | 65/66B | €330 | €327 | -€4 | -1.1% |
| Recurring financial charges | 65 | €330 | €327 | -€4 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €11,972 | €5,114 | -€6,859 | -57.3% |
| Profit (loss) for the period | 9904 | €11,972 | €5,114 | -€6,859 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,972 | €5,114 | -€6,859 | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.