JOVAS: 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.
JOVAS
Largest movements
- Tangible fixed assets +€229,161
up €229,161 (+20263.0%), from €1,131 to €230,291
of which Land and buildings: +€228,945
- Cash +€36,880
up €36,880 (+219524.0%), from €17 to €36,897
mainly Debts after one year (+€272,231) and Depreciation (+€27,543)
- Receivables within one year +€23,373
up €23,373 (+50.7%), from €46,130 to €69,502
of which Other amounts receivable: +€59,332
- Debts after one year +€272,231
new in 2025: €272,231
- Profit (loss) carried forward +€12,999
up €12,999 (+43.6%), from €29,796 to €42,795
- Tax, wage and social debts -€12,750
down €12,750 (-86.5%), from €14,737 to €1,987
of which Taxes: -€11,000
- Current portion of long-term debt +€10,269
new in 2025: €10,269
- Trade debts +€4,772
up €4,772 (+546.2%), from €874 to €5,645
- Depreciation +€27,268
up €27,268 (+9936.0%), from €274 to €27,543
- Gross operating margin +€8,334
up €8,334 (+21.5%), from €38,780 to €47,114
- Taxes -€3,815
down €3,815 (-47.5%), from €8,037 to €4,223
- Other operating charges +€1,047
up €1,047 (+189.3%), from €553 to €1,600
- Financial charges +€631
up €631 (+528.8%), from €119 to €750
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 | €47,907 | €337,450 | +€289,544 | +604.4% |
| Fixed assets | 21/28 | €1,131 | €230,291 | +€229,161 | +20263.0% |
| Tangible fixed assets | 22/27 | €1,131 | €230,291 | +€229,161 | +20263.0% |
| Land and buildings | 22 | - | €228,945 | +€228,945 | |
| Plant, machinery and equipment | 23 | €1,131 | €1,347 | +€216 | +19.1% |
| Current assets | 29/58 | €46,776 | €107,159 | +€60,383 | +129.1% |
| Amounts receivable within one year | 40/41 | €46,130 | €69,502 | +€23,373 | +50.7% |
| Trade receivables | 40 | €36,792 | €833 | -€35,959 | -97.7% |
| Other amounts receivable | 41 | €9,338 | €68,670 | +€59,332 | +635.4% |
| Cash at bank and in hand | 54/58 | €17 | €36,897 | +€36,880 | +219524.0% |
| Deferred charges and accrued income | 490/1 | €629 | €760 | +€130 | +20.7% |
| Total equity and liabilities | 10/49 | €47,907 | €337,450 | +€289,544 | +604.4% |
| Equity | 10/15 | €32,296 | €45,295 | +€12,999 | +40.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,796 | €42,795 | +€12,999 | +43.6% |
| Amounts payable | 17/49 | €15,611 | €292,156 | +€276,545 | +1771.5% |
| Amounts payable after more than one year | 17 | - | €272,231 | +€272,231 | |
| Financial debts | 170/4 | - | €272,231 | +€272,231 | |
| Amounts payable within one year | 42/48 | €15,611 | €19,925 | +€4,314 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,269 | +€10,269 | |
| Financial debts | 43 | - | €2,024 | +€2,024 | |
| Credit institutions | 430/8 | - | €2,024 | +€2,024 | |
| Trade debts | 44 | €874 | €5,645 | +€4,772 | +546.2% |
| Suppliers | 440/4 | €874 | €5,645 | +€4,772 | +546.2% |
| Taxes, remuneration and social security | 45 | €14,737 | €1,987 | -€12,750 | -86.5% |
| Taxes | 450/3 | €12,987 | €1,987 | -€11,000 | -84.7% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €27,543 | +€27,268 | +9936.0% |
| Other operating charges | 640/8 | €553 | €1,600 | +€1,047 | +189.3% |
| Gross operating margin | 9900 | €38,780 | €47,114 | +€8,334 | +21.5% |
| Operating profit (loss) | 9901 | €37,953 | €17,971 | -€19,981 | -52.6% |
| Financial charges | 65/66B | €119 | €750 | +€631 | +528.8% |
| Recurring financial charges | 65 | €119 | €750 | +€631 | +528.8% |
| Profit (loss) for the period before taxes | 9903 | €37,833 | €17,221 | -€20,612 | -54.5% |
| Income taxes | 67/77 | €8,037 | €4,223 | -€3,815 | -47.5% |
| Profit (loss) for the period | 9904 | €29,796 | €12,999 | -€16,797 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,796 | €12,999 | -€16,797 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.