JOVE PIXELING: 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 PIXELING
Largest movements
- Current investments +€107,579
up €107,579 (+26.1%), from €411,995 to €519,574
- Cash -€24,729
down €24,729 (-18.1%), from €136,716 to €111,986
mainly Current investments (-€107,579) and Tax, wage and social debts (-€4,083)
- Reserves +€52,989
up €52,989 (+18.3%), from €288,795 to €341,783
- Other debts +€35,547
up €35,547 (+15.1%), from €235,573 to €271,121
- Financial income +€17,575
up €17,575 (+984%), from €1,786 to €19,361
- Financial charges -€12,340
down €12,340 (-93.7%), from €13,172 to €833
- Taxes +€6,349
up €6,349 (+46.4%), from €13,680 to €20,029
- Gross operating margin -€5,961
down €5,961 (-9.5%), from €62,597 to €56,636
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 | €550,726 | €634,673 | +€83,947 | +15.2% |
| Fixed assets | 21/28 | €2,015 | €3,112 | +€1,097 | +54.4% |
| Tangible fixed assets | 22/27 | €2,015 | €3,112 | +€1,097 | +54.4% |
| Furniture and vehicles | 24 | €2,015 | €3,112 | +€1,097 | +54.4% |
| Current assets | 29/58 | €548,711 | €631,561 | +€82,850 | +15.1% |
| Current investments | 50/53 | €411,995 | €519,574 | +€107,579 | +26.1% |
| Cash at bank and in hand | 54/58 | €136,716 | €111,986 | -€24,729 | -18.1% |
| Total equity and liabilities | 10/49 | €550,726 | €634,673 | +€83,947 | +15.2% |
| Equity | 10/15 | €301,195 | €354,183 | +€52,989 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,795 | €341,783 | +€52,989 | +18.3% |
| Distributable reserves | 133 | €288,795 | €341,783 | +€52,989 | +18.3% |
| Amounts payable | 17/49 | €249,531 | €280,489 | +€30,958 | +12.4% |
| Amounts payable within one year | 42/48 | €249,531 | €280,489 | +€30,958 | +12.4% |
| Trade debts | 44 | €3,277 | €2,771 | -€506 | -15.4% |
| Suppliers | 440/4 | €3,277 | €2,771 | -€506 | -15.4% |
| Taxes, remuneration and social security | 45 | €10,681 | €6,598 | -€4,083 | -38.2% |
| Taxes | 450/3 | €10,681 | €6,598 | -€4,083 | -38.2% |
| Other amounts payable | 47/48 | €235,573 | €271,121 | +€35,547 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €1,174 | +€470 | +66.9% |
| Other operating charges | 640/8 | €945 | €974 | +€29 | +3.1% |
| Gross operating margin | 9900 | €62,597 | €56,636 | -€5,961 | -9.5% |
| Operating profit (loss) | 9901 | €60,949 | €54,489 | -€6,460 | -10.6% |
| Financial income | 75/76B | €1,786 | €19,361 | +€17,575 | +984% |
| Recurring financial income | 75 | €1,786 | €19,361 | +€17,575 | +984% |
| Financial charges | 65/66B | €13,172 | €833 | -€12,340 | -93.7% |
| Recurring financial charges | 65 | €13,172 | €833 | -€12,340 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €49,563 | €73,018 | +€23,455 | +47.3% |
| Income taxes | 67/77 | €13,680 | €20,029 | +€6,349 | +46.4% |
| Profit (loss) for the period | 9904 | €35,883 | €52,989 | +€17,106 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,883 | €52,989 | +€17,106 | +47.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.