JOVATECH: what changed
What changed
JOVATECH
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€479,365
2025 · €311,170+€168,195
Equity
€2.1m
2025 · €3.7m-€1.6m
Cash
€64,551
2025 · €80,090-€15,539
Balance sheet total
€3.6m
2025 · €4.0m-€375,695
Largest movements
Assets
- Stocks and contracts -€176,417
down €176,417 (-29.8%), from €591,491 to €415,074
- Receivables within one year -€96,366
down €96,366 (-12.5%), from €767,872 to €671,506
of which Other amounts receivable: -€149,210
- Tangible fixed assets -€93,829
down €93,829 (-12.7%), from €741,055 to €647,226
of which Furniture and vehicles: -€69,158
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+43,570%), from €2,942 to €1.3m
- Profit (loss) carried forward -€970,178
down €970,178 (-100.0%), from €970,187 to €9
- Reserves -€608,647
down €608,647 (-22.8%), from €2.7m to €2.1m
of which Distributable reserves: -€503,397
- Tax, wage and social debts -€49,727
no longer reported in 2026 (was €49,727)
of which Remuneration and social security: -€29,135
Income statement
- Gross operating margin +€322,268
up €322,268 (+24.2%), from €1.3m to €1.7m
- Taxes +€104,321
up €104,321 (+82.5%), from €126,388 to €230,709
- Staff costs +€33,749
up €33,749 (+4.3%), from €793,338 to €827,087
- Financial income -€16,599
down €16,599 (-28.1%), from €59,021 to €42,422
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€311,170
Gross operating margin
+€322,268
Staff costs
-€33,749
Depreciation
+€4,110
Write-downs
+€2,652
Other operating charges
+€135
Financial income
-€16,599
Financial charges
-€6,301
Taxes
-€104,321
Result 2026
€479,365
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.1m
Investment
-€57,936
Financing
-€2.1m
Cash 2025
€80,090
From operations (derived)
+€2.1m
Net result for the year
+€479,365
Depreciation
+€131,374
Stocks and contracts
+€176,417
Receivables within one year
+€96,366
Deferred charges and accrued income
+€13,935
Trade debts
+€30,930
Tax, wage and social debts
-€49,727
Other debts
+€1.3m
Accrued charges and deferred income
-€32,653
Investment (derived)
-€57,936
Investment in fixed assets (net)
-€37,545
Current investments
-€20,391
Financing
-€2.1m
Debts after one year
-€28,025
Current portion of long-term debt
+€711
Contributions, distributions and other
-€2.1m
Cash 2026
€64,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,956,581 | €3,580,886 | -€375,695 | -9.5% |
| Fixed assets | 21/28 | €741,055 | €647,226 | -€93,829 | -12.7% |
| Tangible fixed assets | 22/27 | €741,055 | €647,226 | -€93,829 | -12.7% |
| Land and buildings | 22 | €436,765 | €412,094 | -€24,671 | -5.6% |
| Furniture and vehicles | 24 | €304,290 | €235,131 | -€69,158 | -22.7% |
| Current assets | 29/58 | €3,215,526 | €2,933,660 | -€281,866 | -8.8% |
| Stocks and contracts in progress | 3 | €591,491 | €415,074 | -€176,417 | -29.8% |
| Stocks | 30/36 | €591,491 | €415,074 | -€176,417 | -29.8% |
| Amounts receivable within one year | 40/41 | €767,872 | €671,506 | -€96,366 | -12.5% |
| Trade receivables | 40 | €345,770 | €398,614 | +€52,844 | +15.3% |
| Other amounts receivable | 41 | €422,101 | €272,892 | -€149,210 | -35.3% |
| Current investments | 50/53 | €1,756,743 | €1,777,134 | +€20,391 | +1.2% |
| Cash at bank and in hand | 54/58 | €80,090 | €64,551 | -€15,539 | -19.4% |
| Deferred charges and accrued income | 490/1 | €19,331 | €5,396 | -€13,935 | -72.1% |
| Total equity and liabilities | 10/49 | €3,956,581 | €3,580,886 | -€375,695 | -9.5% |
| Equity | 10/15 | €3,654,236 | €2,075,411 | -€1.6m | -43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,665,448 | €2,056,802 | -€608,647 | -22.8% |
| Tax-exempt reserves | 132 | €610,450 | €505,200 | -€105,250 | -17.2% |
| Distributable reserves | 133 | €2,054,998 | €1,551,602 | -€503,397 | -24.5% |
| Profit (loss) carried forward | 14 | €970,187 | €9 | -€970,178 | -100.0% |
| Amounts payable | 17/49 | €302,346 | €1,505,476 | +€1.2m | +398% |
| Amounts payable after more than one year | 17 | €73,254 | €45,229 | -€28,025 | -38.3% |
| Financial debts | 170/4 | €73,254 | €45,229 | -€28,025 | -38.3% |
| Amounts payable within one year | 42/48 | €168,463 | €1,432,270 | +€1.3m | +750% |
| Current portion of amounts payable after more than one year | 42 | €27,314 | €28,025 | +€711 | +2.6% |
| Trade debts | 44 | €88,480 | €119,410 | +€30,930 | +35.0% |
| Suppliers | 440/4 | €88,480 | €119,410 | +€30,930 | +35.0% |
| Taxes, remuneration and social security | 45 | €49,727 | - | -€49,727 | |
| Taxes | 450/3 | €20,592 | - | -€20,592 | |
| Remuneration and social security | 454/9 | €29,135 | - | -€29,135 | |
| Other amounts payable | 47/48 | €2,942 | €1,284,835 | +€1.3m | +43,570% |
| Accrued charges and deferred income | 492/3 | €60,629 | €27,976 | -€32,653 | -53.9% |
| Remuneration, social security and pensions | 62 | €793,338 | €827,087 | +€33,749 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,485 | €131,374 | -€4,110 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,652 | - | -€2,652 | |
| Other operating charges | 640/8 | €8,828 | €8,693 | -€135 | -1.5% |
| Gross operating margin | 9900 | €1,329,957 | €1,652,225 | +€322,268 | +24.2% |
| Operating profit (loss) | 9901 | €389,655 | €685,071 | +€295,416 | +75.8% |
| Financial income | 75/76B | €59,021 | €42,422 | -€16,599 | -28.1% |
| Recurring financial income | 75 | €59,021 | €42,422 | -€16,599 | -28.1% |
| Financial charges | 65/66B | €11,118 | €17,419 | +€6,301 | +56.7% |
| Recurring financial charges | 65 | €11,111 | €17,419 | +€6,308 | +56.8% |
| Non-recurring financial charges | 66B | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | €437,558 | €710,074 | +€272,516 | +62.3% |
| Income taxes | 67/77 | €126,388 | €230,709 | +€104,321 | +82.5% |
| Profit (loss) for the period | 9904 | €311,170 | €479,365 | +€168,195 | +54.1% |
| Transfer from tax-exempt reserves | 789 | - | €252,600 | +€252,600 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €147,350 | +€42,100 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €205,920 | €584,615 | +€378,695 | +184% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.