JoVB: what changed
Two fiscal 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.
JoVB
Largest movements
- Cash +€111,222
up €111,222 (+62.1%), from €179,130 to €290,352
mainly Current investments (+€100,000) and Receivables within one year (+€63,125)
- Current investments -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Receivables within one year -€63,125
down €63,125 (-67.3%), from €93,743 to €30,617
- Tangible fixed assets -€19,242
down €19,242 (-24.0%), from €80,016 to €60,774
- Reserves -€54,227
down €54,227 (-6.0%), from €909,999 to €855,773
- Trade debts -€31,500
down €31,500 (-84.5%), from €37,262 to €5,761
- Gross operating margin +€12,670
up €12,670 (+16.9%), from €74,934 to €87,604
- Financial income -€9,839
down €9,839 (-57.2%), from €17,188 to €7,349
- Other operating charges -€3,248
down €3,248 (-77.6%), from €4,187 to €939
- Depreciation +€2,688
up €2,688 (+16.2%), from €16,554 to €19,242
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 | €953,461 | €882,530 | -€70,931 | -7.4% |
| Fixed assets | 21/28 | €80,016 | €60,774 | -€19,242 | -24.0% |
| Tangible fixed assets | 22/27 | €80,016 | €60,774 | -€19,242 | -24.0% |
| Furniture and vehicles | 24 | €80,016 | €60,774 | -€19,242 | -24.0% |
| Current assets | 29/58 | €873,445 | €821,756 | -€51,689 | -5.9% |
| Amounts receivable within one year | 40/41 | €93,743 | €30,617 | -€63,125 | -67.3% |
| Other amounts receivable | 41 | €93,743 | €30,617 | -€63,125 | -67.3% |
| Current investments | 50/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €179,130 | €290,352 | +€111,222 | +62.1% |
| Deferred charges and accrued income | 490/1 | €572 | €786 | +€214 | +37.5% |
| Total equity and liabilities | 10/49 | €953,461 | €882,530 | -€70,931 | -7.4% |
| Equity | 10/15 | €916,199 | €861,973 | -€54,227 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €909,999 | €855,773 | -€54,227 | -6.0% |
| Distributable reserves | 133 | €909,999 | €855,773 | -€54,227 | -6.0% |
| Amounts payable | 17/49 | €37,262 | €20,557 | -€16,704 | -44.8% |
| Amounts payable within one year | 42/48 | €37,262 | €20,557 | -€16,704 | -44.8% |
| Trade debts | 44 | €37,262 | €5,761 | -€31,500 | -84.5% |
| Suppliers | 440/4 | €37,262 | €5,761 | -€31,500 | -84.5% |
| Taxes, remuneration and social security | 45 | - | €9,277 | +€9,277 | |
| Taxes | 450/3 | - | €9,277 | +€9,277 | |
| Other amounts payable | 47/48 | - | €5,519 | +€5,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,554 | €19,242 | +€2,688 | +16.2% |
| Other operating charges | 640/8 | €4,187 | €939 | -€3,248 | -77.6% |
| Gross operating margin | 9900 | €74,934 | €87,604 | +€12,670 | +16.9% |
| Operating profit (loss) | 9901 | €54,193 | €67,423 | +€13,230 | +24.4% |
| Financial income | 75/76B | €17,188 | €7,349 | -€9,839 | -57.2% |
| Recurring financial income | 75 | €17,188 | €7,349 | -€9,839 | -57.2% |
| Financial charges | 65/66B | €137 | €131 | -€6 | -4.4% |
| Recurring financial charges | 65 | €137 | €131 | -€6 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €71,244 | €74,641 | +€3,397 | +4.8% |
| Income taxes | 67/77 | €23,838 | €24,277 | +€439 | +1.8% |
| Profit (loss) for the period | 9904 | €47,406 | €50,364 | +€2,958 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,406 | €50,364 | +€2,958 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.