Jovana: 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.
Jovana
Largest movements
- Tangible fixed assets -€23,839
down €23,839 (-6.0%), from €395,723 to €371,884
of which Plant, machinery and equipment: -€12,895
- Cash -€7,399
down €7,399 (-19.0%), from €38,883 to €31,484
mainly Net result for the year (-€43,464) and Trade debts (-€1,889)
- Profit (loss) carried forward -€43,464
down €43,464 (-9.0%), from -€484,577 to -€528,041
- Debts after one year +€14,120
up €14,120 (+1.8%), from €796,981 to €811,101
- Gross operating margin +€23,100
up €23,100 (+648%), from €3,567 to €26,667
- Other operating charges +€15,347
up €15,347 (+231%), from €6,634 to €21,981
- Financial charges +€720
up €720 (+3.1%), from €23,590 to €24,311
- Depreciation -€301
down €301 (-1.2%), from €24,140 to €23,839
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 | €434,841 | €403,607 | -€31,234 | -7.2% |
| Fixed assets | 21/28 | €395,723 | €371,884 | -€23,839 | -6.0% |
| Tangible fixed assets | 22/27 | €395,723 | €371,884 | -€23,839 | -6.0% |
| Land and buildings | 22 | €317,160 | €309,047 | -€8,114 | -2.6% |
| Plant, machinery and equipment | 23 | €74,963 | €62,068 | -€12,895 | -17.2% |
| Furniture and vehicles | 24 | €3,600 | €769 | -€2,831 | -78.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €39,118 | €31,724 | -€7,394 | -18.9% |
| Cash at bank and in hand | 54/58 | €38,883 | €31,484 | -€7,399 | -19.0% |
| Deferred charges and accrued income | 490/1 | €235 | €240 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €434,841 | €403,607 | -€31,234 | -7.2% |
| Equity | 10/15 | -€374,577 | -€418,041 | -€43,464 | -11.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€484,577 | -€528,041 | -€43,464 | -9.0% |
| Amounts payable | 17/49 | €809,418 | €821,648 | +€12,230 | +1.5% |
| Amounts payable after more than one year | 17 | €796,981 | €811,101 | +€14,120 | +1.8% |
| Financial debts | 170/4 | €796,981 | €811,101 | +€14,120 | +1.8% |
| Amounts payable within one year | 42/48 | €12,437 | €10,548 | -€1,889 | -15.2% |
| Trade debts | 44 | €12,437 | €10,548 | -€1,889 | -15.2% |
| Suppliers | 440/4 | €12,437 | €10,548 | -€1,889 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,140 | €23,839 | -€301 | -1.2% |
| Other operating charges | 640/8 | €6,634 | €21,981 | +€15,347 | +231% |
| Gross operating margin | 9900 | €3,567 | €26,667 | +€23,100 | +648% |
| Operating profit (loss) | 9901 | -€27,208 | -€19,154 | +€8,054 | +29.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €23,590 | €24,311 | +€720 | +3.1% |
| Recurring financial charges | 65 | €23,590 | €24,311 | +€720 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,798 | -€43,464 | +€7,334 | +14.4% |
| Profit (loss) for the period | 9904 | -€50,798 | -€43,464 | +€7,334 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,798 | -€43,464 | +€7,334 | +14.4% |
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 27 October 2026 via checked.be.