Jove: 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.
Jove
Largest movements
- Stocks and contracts +€93,107
up €93,107 (+89.6%), from €103,899 to €197,006
- Tangible fixed assets -€32,212
down €32,212 (-6.0%), from €539,780 to €507,568
of which Land and buildings: -€22,254
- Cash +€10,429
up €10,429 (+72.5%), from €14,386 to €24,816
mainly Other debts (+€92,731) and Depreciation (+€44,876)
- Other debts +€92,731
up €92,731 (+21.4%), from €432,688 to €525,419
- Tax, wage and social debts +€22,357
up €22,357 (+223%), from €10,039 to €32,396
of which Taxes: +€17,865
- Debts after one year -€19,356
down €19,356 (-7.4%), from €261,913 to €242,558
- Trade debts -€14,845
down €14,845 (-62.4%), from €23,803 to €8,958
- Profit (loss) carried forward -€10,159
down €10,159 (-8.0%), from -€127,561 to -€137,720
- Gross operating margin +€130,326
up €130,326, from -€48,870 to €81,455
- Staff costs +€17,889
up €17,889 (+146%), from €12,264 to €30,153
- Other operating charges -€2,541
down €2,541 (-37.4%), from €6,784 to €4,244
- Financial charges -€2,504
down €2,504 (-16.9%), from €14,793 to €12,289
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,318 | €731,084 | +€70,766 | +10.7% |
| Formation expenses | 20 | €1,039 | €715 | -€323 | -31.1% |
| Fixed assets | 21/28 | €540,080 | €507,868 | -€32,212 | -6.0% |
| Tangible fixed assets | 22/27 | €539,780 | €507,568 | -€32,212 | -6.0% |
| Land and buildings | 22 | €471,048 | €448,794 | -€22,254 | -4.7% |
| Plant, machinery and equipment | 23 | €38,476 | €31,029 | -€7,447 | -19.4% |
| Furniture and vehicles | 24 | €30,256 | €27,745 | -€2,511 | -8.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €119,199 | €222,500 | +€103,302 | +86.7% |
| Stocks and contracts in progress | 3 | €103,899 | €197,006 | +€93,107 | +89.6% |
| Stocks | 30/36 | €103,899 | €197,006 | +€93,107 | +89.6% |
| Amounts receivable within one year | 40/41 | - | €424 | +€424 | |
| Trade receivables | 40 | - | €424 | +€424 | |
| Cash at bank and in hand | 54/58 | €14,386 | €24,816 | +€10,429 | +72.5% |
| Deferred charges and accrued income | 490/1 | €914 | €255 | -€659 | -72.1% |
| Total equity and liabilities | 10/49 | €660,318 | €731,084 | +€70,766 | +10.7% |
| Equity | 10/15 | -€87,561 | -€97,720 | -€10,159 | -11.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,561 | -€137,720 | -€10,159 | -8.0% |
| Amounts payable | 17/49 | €747,879 | €828,804 | +€80,925 | +10.8% |
| Amounts payable after more than one year | 17 | €261,913 | €242,558 | -€19,356 | -7.4% |
| Financial debts | 170/4 | €261,913 | €242,558 | -€19,356 | -7.4% |
| Amounts payable within one year | 42/48 | €485,246 | €586,128 | +€100,883 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €18,715 | €19,356 | +€640 | +3.4% |
| Trade debts | 44 | €23,803 | €8,958 | -€14,845 | -62.4% |
| Suppliers | 440/4 | €23,803 | €8,958 | -€14,845 | -62.4% |
| Taxes, remuneration and social security | 45 | €10,039 | €32,396 | +€22,357 | +223% |
| Taxes | 450/3 | €7,923 | €25,788 | +€17,865 | +225% |
| Remuneration and social security | 454/9 | €2,116 | €6,608 | +€4,492 | +212% |
| Other amounts payable | 47/48 | €432,688 | €525,419 | +€92,731 | +21.4% |
| Accrued charges and deferred income | 492/3 | €720 | €118 | -€602 | -83.7% |
| Remuneration, social security and pensions | 62 | €12,264 | €30,153 | +€17,889 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,224 | €44,876 | -€348 | -0.8% |
| Other operating charges | 640/8 | €6,784 | €4,244 | -€2,541 | -37.4% |
| Gross operating margin | 9900 | -€48,870 | €81,455 | +€130,326 | |
| Operating profit (loss) | 9901 | -€113,142 | €2,182 | +€115,325 | |
| Financial income | 75/76B | €686 | €166 | -€520 | -75.8% |
| Recurring financial income | 75 | €686 | €166 | -€520 | -75.8% |
| Financial charges | 65/66B | €14,793 | €12,289 | -€2,504 | -16.9% |
| Recurring financial charges | 65 | €14,793 | €12,289 | -€2,504 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€127,249 | -€9,940 | +€117,308 | +92.2% |
| Income taxes | 67/77 | €313 | €218 | -€94 | -30.1% |
| Profit (loss) for the period | 9904 | -€127,561 | -€10,159 | +€117,403 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,561 | -€10,159 | +€117,403 | +92.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.