JOVAN: 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.
JOVAN
Largest movements
- Cash -€3,084
down €3,084 (-49.1%), from €6,274 to €3,191
mainly Other debts (-€3,866) and Trade debts (-€1,385)
- Profit (loss) carried forward +€13,391
up €13,391, from -€13,391 to €0
- Reserves -€11,576
down €11,576 (-57.8%), from €20,040 to €8,465
of which Distributable reserves: -€9,076
- Other debts -€3,866
down €3,866 (-64.2%), from €6,019 to €2,153
- Trade debts -€1,385
down €1,385 (-70.1%), from €1,976 to €591
- Gross operating margin +€2,441
up €2,441 (+456.8%), from €534 to €2,975
- Other operating charges +€552
up €552 (+229.0%), from €241 to €793
- Taxes +€181
up €181 (+82422.7%), from €0 to €182
- Financial charges +€31
up €31 (+19.7%), from €155 to €185
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 | €39,644 | €36,391 | -€3,254 | -8.2% |
| Fixed assets | 21/28 | €32,210 | €32,210 | = | 0.0% |
| Financial fixed assets | 28 | €32,210 | €32,210 | = | 0.0% |
| Current assets | 29/58 | €7,434 | €4,181 | -€3,254 | -43.8% |
| Amounts receivable within one year | 40/41 | €1,160 | €990 | -€170 | -14.7% |
| Trade receivables | 40 | €1,160 | €990 | -€170 | -14.7% |
| Cash at bank and in hand | 54/58 | €6,274 | €3,191 | -€3,084 | -49.1% |
| Total equity and liabilities | 10/49 | €39,644 | €36,391 | -€3,254 | -8.2% |
| Equity | 10/15 | €31,649 | €33,465 | +€1,816 | +5.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €20,040 | €8,465 | -€11,576 | -57.8% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100.0% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100.0% |
| Distributable reserves | 133 | €17,540 | €8,465 | -€9,076 | -51.7% |
| Profit (loss) carried forward | 14 | -€13,391 | €0 | +€13,391 | |
| Amounts payable | 17/49 | €7,995 | €2,926 | -€5,069 | -63.4% |
| Amounts payable within one year | 42/48 | €7,995 | €2,926 | -€5,069 | -63.4% |
| Trade debts | 44 | €1,976 | €591 | -€1,385 | -70.1% |
| Suppliers | 440/4 | €1,976 | €591 | -€1,385 | -70.1% |
| Taxes, remuneration and social security | 45 | - | €182 | +€182 | |
| Taxes | 450/3 | - | €182 | +€182 | |
| Other amounts payable | 47/48 | €6,019 | €2,153 | -€3,866 | -64.2% |
| Other operating charges | 640/8 | €241 | €793 | +€552 | +229.0% |
| Gross operating margin | 9900 | €534 | €2,975 | +€2,441 | +456.8% |
| Operating profit (loss) | 9901 | €293 | €2,182 | +€1,889 | +643.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.2% |
| Financial charges | 65/66B | €155 | €185 | +€31 | +19.7% |
| Recurring financial charges | 65 | €155 | €185 | +€31 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €139 | €1,997 | +€1,858 | +1333.6% |
| Income taxes | 67/77 | €0 | €182 | +€181 | +82422.7% |
| Profit (loss) for the period | 9904 | €139 | €1,816 | +€1,676 | +1205.3% |
| Profit (loss) for the period to be appropriated | 9905 | €139 | €1,816 | +€1,676 | +1205.3% |
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 5 October 2026 via checked.be.