JOVATI TOTAL: 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.
JOVATI TOTAL
Largest movements
- Receivables within one year +€229,445
up €229,445 (+37.9%), from €604,825 to €834,269
of which Trade receivables: +€280,252
- Cash -€75,280
down €75,280 (-59.0%), from €127,603 to €52,323
mainly Receivables within one year (-€229,445) and Trade debts (-€102,566)
- Stocks and contracts +€36,850
up €36,850 (+27.3%), from €134,945 to €171,795
- Tangible fixed assets -€16,755
down €16,755 (-29.3%), from €57,238 to €40,483
of which Furniture and vehicles: -€15,827
- Other debts +€188,227
up €188,227 (+2,621%), from €7,181 to €195,408
- Trade debts -€102,566
down €102,566 (-35.7%), from €287,016 to €184,450
- Reserves +€81,224
up €81,224 (+14.8%), from €548,870 to €630,094
- Tax, wage and social debts +€16,808
up €16,808 (+24.9%), from €67,366 to €84,174
of which Taxes: +€15,263
- Gross operating margin -€57,656
down €57,656 (-23.2%), from €248,092 to €190,436
- Taxes -€29,425
down €29,425 (-47.1%), from €62,507 to €33,081
- Depreciation +€7,000
up €7,000 (+49.8%), from €14,053 to €21,054
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 | €924,612 | €1,108,264 | +€183,652 | +19.9% |
| Fixed assets | 21/28 | €57,238 | €40,483 | -€16,755 | -29.3% |
| Tangible fixed assets | 22/27 | €57,238 | €40,483 | -€16,755 | -29.3% |
| Land and buildings | 22 | €1,500 | €0 | -€1,500 | -100% |
| Plant, machinery and equipment | 23 | €7,243 | €7,815 | +€572 | +7.9% |
| Furniture and vehicles | 24 | €48,495 | €32,668 | -€15,827 | -32.6% |
| Current assets | 29/58 | €867,374 | €1,067,781 | +€200,407 | +23.1% |
| Stocks and contracts in progress | 3 | €134,945 | €171,795 | +€36,850 | +27.3% |
| Stocks | 30/36 | €134,945 | €171,795 | +€36,850 | +27.3% |
| Amounts receivable within one year | 40/41 | €604,825 | €834,269 | +€229,445 | +37.9% |
| Trade receivables | 40 | €552,217 | €832,469 | +€280,252 | +50.8% |
| Other amounts receivable | 41 | €52,607 | €1,800 | -€50,807 | -96.6% |
| Cash at bank and in hand | 54/58 | €127,603 | €52,323 | -€75,280 | -59.0% |
| Deferred charges and accrued income | 490/1 | €1 | €9,394 | +€9,393 | +1,341,881% |
| Total equity and liabilities | 10/49 | €924,612 | €1,108,264 | +€183,652 | +19.9% |
| Equity | 10/15 | €563,008 | €644,232 | +€81,224 | +14.4% |
| Contributions | 10/11 | €14,138 | €14,138 | = | 0.0% |
| Reserves | 13 | €548,870 | €630,094 | +€81,224 | +14.8% |
| Distributable reserves | 133 | €548,870 | €630,094 | +€81,224 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €361,604 | €464,032 | +€102,428 | +28.3% |
| Amounts payable within one year | 42/48 | €361,563 | €464,032 | +€102,469 | +28.3% |
| Trade debts | 44 | €287,016 | €184,450 | -€102,566 | -35.7% |
| Suppliers | 440/4 | €287,016 | €184,450 | -€102,566 | -35.7% |
| Taxes, remuneration and social security | 45 | €67,366 | €84,174 | +€16,808 | +24.9% |
| Taxes | 450/3 | €62,507 | €77,770 | +€15,263 | +24.4% |
| Remuneration and social security | 454/9 | €4,860 | €6,404 | +€1,544 | +31.8% |
| Other amounts payable | 47/48 | €7,181 | €195,408 | +€188,227 | +2,621% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -100% |
| Non-recurring operating income | 76A | - | €550 | +€550 | |
| Remuneration, social security and pensions | 62 | €46,197 | €44,574 | -€1,624 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,053 | €21,054 | +€7,000 | +49.8% |
| Other operating charges | 640/8 | €2,869 | €3,032 | +€163 | +5.7% |
| Gross operating margin | 9900 | €248,092 | €190,436 | -€57,656 | -23.2% |
| Operating profit (loss) | 9901 | €184,972 | €121,777 | -€63,196 | -34.2% |
| Financial income | 75/76B | €15 | €1,222 | +€1,207 | +8,129% |
| Recurring financial income | 75 | €15 | €1,222 | +€1,207 | +8,129% |
| Financial charges | 65/66B | €4,785 | €4,284 | -€501 | -10.5% |
| Recurring financial charges | 65 | €4,785 | €4,284 | -€501 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €180,202 | €118,715 | -€61,487 | -34.1% |
| Income taxes | 67/77 | €62,507 | €33,081 | -€29,425 | -47.1% |
| Profit (loss) for the period | 9904 | €117,696 | €85,634 | -€32,062 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,696 | €85,634 | -€32,062 | -27.2% |
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 18 October 2026 via checked.be.