JOVANY: 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.
What changed
JOVANY
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€227,835
2024 · €286,972-€59,137
Equity
€442,530
2024 · €481,695-€39,165
Cash
€108,905
2024 · €201,758-€92,853
Balance sheet total
€12.9m
2024 · €4.4m+€8.5m
Largest movements
Assets
- Tangible fixed assets +€7.2m
up €7.2m (+192%), from €3.7m to €10.9m
of which Land and buildings: +€7.3m
- Receivables within one year +€1.5m
up €1.5m (+353%), from €415,063 to €1.9m
of which Other amounts receivable: +€1.5m
Equity and liabilities
- Debts after one year +€6.1m
up €6.1m (+258%), from €2.4m to €8.5m
- Short-term financial debts +€1.5m
new in 2025: €1.5m
- Other debts +€916,308
up €916,308 (+171%), from €537,142 to €1.5m
- Trade debts -€190,620
down €190,620 (-60.9%), from €313,248 to €122,628
- Current portion of long-term debt +€159,381
up €159,381 (+34.1%), from €466,942 to €626,322
Income statement
- Financial charges +€59,541
up €59,541 (+30.1%), from €197,955 to €257,496
- Gross operating margin -€56,668
down €56,668 (-2.2%), from €2.6m to €2.6m
- Staff costs -€32,500
down €32,500 (-2.3%), from €1.4m to €1.4m
- Other operating charges -€30,696
down €30,696 (-15.3%), from €200,365 to €169,668
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.
Result 2024
€286,972
Gross operating margin
-€56,668
Staff costs
+€32,500
Depreciation
-€13,419
Other operating charges
+€30,696
Financial income
-€3,014
Financial charges
-€59,541
Taxes
+€10,310
Result 2025
€227,835
raises the resultlowers the result
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.
From operations
-€48,716
Investment
-€7.6m
Financing
+€7.6m
Cash 2024
€201,758
From operations (derived)
-€48,716
Net result for the year
+€227,835
Depreciation
+€445,496
Smaller working-capital items
+€18,126
Receivables within one year
-€1.5m
Trade debts
-€190,620
Other debts
+€916,308
Investment (derived)
-€7.6m
Investment in fixed assets (net)
-€7.6m
Financing
+€7.6m
Debts after one year
+€6.1m
Current portion of long-term debt
+€159,381
Short-term financial debts
+€1.5m
Contributions, distributions and other
-€267,000
Cash 2025
€108,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,395,840 | €12,940,240 | +€8.5m | +194% |
| Fixed assets | 21/28 | €3,743,780 | €10,911,518 | +€7.2m | +191% |
| Tangible fixed assets | 22/27 | €3,742,927 | €10,910,665 | +€7.2m | +192% |
| Land and buildings | 22 | €3,073,266 | €10,338,184 | +€7.3m | +236% |
| Plant, machinery and equipment | 23 | €317,180 | €294,009 | -€23,171 | -7.3% |
| Furniture and vehicles | 24 | €315,405 | €254,488 | -€60,917 | -19.3% |
| Leasing and similar rights | 25 | €37,076 | €23,985 | -€13,091 | -35.3% |
| Financial fixed assets | 28 | €853 | €853 | = | 0.0% |
| Current assets | 29/58 | €652,060 | €2,028,721 | +€1.4m | +211% |
| Stocks and contracts in progress | 3 | €16,326 | €17,672 | +€1,346 | +8.2% |
| Stocks | 30/36 | €16,326 | €17,672 | +€1,346 | +8.2% |
| Amounts receivable within one year | 40/41 | €415,063 | €1,880,925 | +€1.5m | +353% |
| Trade receivables | 40 | €101,902 | €80,471 | -€21,431 | -21.0% |
| Other amounts receivable | 41 | €313,161 | €1,800,455 | +€1.5m | +475% |
| Cash at bank and in hand | 54/58 | €201,758 | €108,905 | -€92,853 | -46.0% |
| Deferred charges and accrued income | 490/1 | €18,913 | €21,219 | +€2,306 | +12.2% |
| Total equity and liabilities | 10/49 | €4,395,840 | €12,940,240 | +€8.5m | +194% |
| Equity | 10/15 | €481,695 | €442,530 | -€39,165 | -8.1% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Capital | 10 | €365,000 | €365,000 | = | 0.0% |
| Issued capital | 100 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €96,723 | €77,530 | -€19,193 | -19.8% |
| Non-distributable reserves | 130/1 | €36,500 | €36,500 | = | 0.0% |
| Legal reserve | 130 | €36,500 | €36,500 | = | 0.0% |
| Distributable reserves | 133 | €60,223 | €41,030 | -€19,193 | -31.9% |
| Profit (loss) carried forward | 14 | €19,972 | €0 | -€19,972 | -100% |
| Amounts payable | 17/49 | €3,914,145 | €12,497,709 | +€8.6m | +219% |
| Amounts payable after more than one year | 17 | €2,379,616 | €8,523,333 | +€6.1m | +258% |
| Financial debts | 170/4 | €2,379,616 | €8,523,333 | +€6.1m | +258% |
| Amounts payable within one year | 42/48 | €1,534,529 | €3,974,376 | +€2.4m | +159% |
| Current portion of amounts payable after more than one year | 42 | €466,942 | €626,322 | +€159,381 | +34.1% |
| Financial debts | 43 | - | €1,533,000 | +€1.5m | |
| Credit institutions | 430/8 | - | €1,533,000 | +€1.5m | |
| Trade debts | 44 | €313,248 | €122,628 | -€190,620 | -60.9% |
| Suppliers | 440/4 | €313,248 | €122,628 | -€190,620 | -60.9% |
| Advances received on contracts in progress | 46 | €30,875 | €43,948 | +€13,072 | +42.3% |
| Taxes, remuneration and social security | 45 | €186,323 | €195,029 | +€8,706 | +4.7% |
| Taxes | 450/3 | €17,601 | €17,609 | +€8 | 0.0% |
| Remuneration and social security | 454/9 | €168,722 | €177,420 | +€8,698 | +5.2% |
| Other amounts payable | 47/48 | €537,142 | €1,453,450 | +€916,308 | +171% |
| Remuneration, social security and pensions | 62 | €1,433,321 | €1,400,821 | -€32,500 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,077 | €445,496 | +€13,419 | +3.1% |
| Other operating charges | 640/8 | €200,365 | €169,668 | -€30,696 | -15.3% |
| Gross operating margin | 9900 | €2,633,707 | €2,577,038 | -€56,668 | -2.2% |
| Operating profit (loss) | 9901 | €567,944 | €561,053 | -€6,891 | -1.2% |
| Financial income | 75/76B | €4,048 | €1,034 | -€3,014 | -74.5% |
| Recurring financial income | 75 | €4,048 | €1,034 | -€3,014 | -74.5% |
| Financial charges | 65/66B | €197,955 | €257,496 | +€59,541 | +30.1% |
| Recurring financial charges | 65 | €197,955 | €257,496 | +€59,541 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €374,037 | €304,591 | -€69,446 | -18.6% |
| Income taxes | 67/77 | €87,065 | €76,755 | -€10,310 | -11.8% |
| Profit (loss) for the period | 9904 | €286,972 | €227,835 | -€59,137 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €286,972 | €227,835 | -€59,137 | -20.6% |
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 14 October 2026 via checked.be.