JOVAN: 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.
JOVAN
Largest movements
- Cash +€34,575
up €34,575 (+119%), from €29,169 to €63,744
mainly Net result for the year (+€29,623) and Tax, wage and social debts (+€6,798)
- Profit (loss) carried forward +€29,623
up €29,623 (+153%), from €19,368 to €48,991
- Tax, wage and social debts +€6,798
up €6,798 (+58.5%), from €11,613 to €18,411
- Trade debts -€1,488
down €1,488 (-53.1%), from €2,802 to €1,314
- Gross operating margin +€12,837
up €12,837 (+50.6%), from €25,358 to €38,195
- Taxes +€2,678
up €2,678 (+53.2%), from €5,031 to €7,709
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 | €39,169 | €74,102 | +€34,933 | +89.2% |
| Current assets | 29/58 | €39,169 | €74,102 | +€34,933 | +89.2% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,358 | +€358 | +3.6% |
| Trade receivables | 40 | €10,000 | €10,358 | +€358 | +3.6% |
| Cash at bank and in hand | 54/58 | €29,169 | €63,744 | +€34,575 | +119% |
| Total equity and liabilities | 10/49 | €39,169 | €74,102 | +€34,933 | +89.2% |
| Equity | 10/15 | €24,368 | €53,991 | +€29,623 | +122% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,368 | €48,991 | +€29,623 | +153% |
| Amounts payable | 17/49 | €14,801 | €20,111 | +€5,310 | +35.9% |
| Amounts payable within one year | 42/48 | €14,801 | €20,111 | +€5,310 | +35.9% |
| Trade debts | 44 | €2,802 | €1,314 | -€1,488 | -53.1% |
| Suppliers | 440/4 | €2,802 | €1,314 | -€1,488 | -53.1% |
| Taxes, remuneration and social security | 45 | €11,613 | €18,411 | +€6,798 | +58.5% |
| Taxes | 450/3 | €11,613 | €18,411 | +€6,798 | +58.5% |
| Other amounts payable | 47/48 | €386 | €386 | = | 0.0% |
| Other operating charges | 640/8 | €959 | €603 | -€355 | -37.1% |
| Gross operating margin | 9900 | €25,358 | €38,195 | +€12,837 | +50.6% |
| Operating profit (loss) | 9901 | €24,399 | €37,591 | +€13,193 | +54.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €260 | +€260 | |
| Recurring financial charges | 65 | - | €260 | +€260 | |
| Profit (loss) for the period before taxes | 9903 | €24,399 | €37,332 | +€12,933 | +53.0% |
| Income taxes | 67/77 | €5,031 | €7,709 | +€2,678 | +53.2% |
| Profit (loss) for the period | 9904 | €19,368 | €29,623 | +€10,255 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,368 | €29,623 | +€10,255 | +52.9% |
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 13 October 2026 via checked.be.