JOVEBO: 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.
JOVEBO
Largest movements
- Tangible fixed assets -€29,796
down €29,796 (-2.4%), from €1.2m to €1.2m
of which Land and buildings: -€32,721
- Cash -€19,564
down €19,564 (-20.9%), from €93,832 to €74,268
mainly Advances received (-€50,000) and Tax, wage and social debts (-€20,516)
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€21,000
up €21,000 (+6.7%), from €314,503 to €335,503
of which Distributable reserves: +€21,000
- Tax, wage and social debts -€20,516
down €20,516 (-63.4%), from €32,336 to €11,819
of which Taxes: -€18,071
- Debts after one year -€16,690
down €16,690 (-2.3%), from €736,993 to €720,304
of which Financial debts: -€16,690
- Trade debts +€14,761
up €14,761 (+153%), from €9,625 to €24,385
- Gross operating margin -€35,456
down €35,456 (-19.8%), from €179,234 to €143,777
- Taxes -€16,014
down €16,014 (-93.5%), from €17,128 to €1,114
- Staff costs -€3,214
down €3,214 (-6.6%), from €48,735 to €45,520
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 | €1,339,772 | €1,289,635 | -€50,137 | -3.7% |
| Fixed assets | 21/28 | €1,227,933 | €1,198,138 | -€29,796 | -2.4% |
| Tangible fixed assets | 22/27 | €1,227,933 | €1,198,138 | -€29,796 | -2.4% |
| Land and buildings | 22 | €1,198,812 | €1,166,091 | -€32,721 | -2.7% |
| Plant, machinery and equipment | 23 | €16,625 | €12,210 | -€4,415 | -26.6% |
| Furniture and vehicles | 24 | €10,667 | €18,517 | +€7,850 | +73.6% |
| Other tangible fixed assets | 26 | €1,829 | €1,319 | -€510 | -27.9% |
| Current assets | 29/58 | €111,839 | €91,498 | -€20,342 | -18.2% |
| Amounts receivable within one year | 40/41 | €16,008 | €17,230 | +€1,221 | +7.6% |
| Trade receivables | 40 | €15,478 | €12,647 | -€2,831 | -18.3% |
| Other amounts receivable | 41 | €530 | €4,583 | +€4,053 | +765% |
| Cash at bank and in hand | 54/58 | €93,832 | €74,268 | -€19,564 | -20.9% |
| Deferred charges and accrued income | 490/1 | €1,999 | - | -€1,999 | |
| Total equity and liabilities | 10/49 | €1,339,772 | €1,289,635 | -€50,137 | -3.7% |
| Equity | 10/15 | €340,380 | €361,426 | +€21,047 | +6.2% |
| Contributions | 10/11 | €24,749 | €24,749 | = | 0.0% |
| Reserves | 13 | €314,503 | €335,503 | +€21,000 | +6.7% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,824 | €1,824 | = | 0.0% |
| Distributable reserves | 133 | €310,200 | €331,200 | +€21,000 | +6.8% |
| Profit (loss) carried forward | 14 | €1,128 | €1,174 | +€47 | +4.2% |
| Provisions and deferred taxes | 16 | €607 | €607 | = | 0.0% |
| Deferred taxes | 168 | €607 | €607 | = | 0.0% |
| Amounts payable | 17/49 | €998,786 | €927,601 | -€71,184 | -7.1% |
| Amounts payable after more than one year | 17 | €736,993 | €720,304 | -€16,690 | -2.3% |
| Financial debts | 170/4 | €535,733 | €519,044 | -€16,690 | -3.1% |
| Other amounts payable | 178/9 | €201,260 | €201,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,926 | €179,431 | -€65,495 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €16,036 | €16,690 | +€653 | +4.1% |
| Trade debts | 44 | €9,625 | €24,385 | +€14,761 | +153% |
| Suppliers | 440/4 | €9,625 | €24,385 | +€14,761 | +153% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €32,336 | €11,819 | -€20,516 | -63.4% |
| Taxes | 450/3 | €22,647 | €4,576 | -€18,071 | -79.8% |
| Remuneration and social security | 454/9 | €9,689 | €7,244 | -€2,445 | -25.2% |
| Other amounts payable | 47/48 | €136,929 | €126,537 | -€10,392 | -7.6% |
| Accrued charges and deferred income | 492/3 | €16,867 | €27,867 | +€11,000 | +65.2% |
| Remuneration, social security and pensions | 62 | €48,735 | €45,520 | -€3,214 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,829 | €42,520 | +€691 | +1.7% |
| Other operating charges | 640/8 | €8,060 | €7,669 | -€390 | -4.8% |
| Gross operating margin | 9900 | €179,234 | €143,777 | -€35,456 | -19.8% |
| Operating profit (loss) | 9901 | €80,610 | €48,068 | -€32,542 | -40.4% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €25,031 | €25,916 | +€885 | +3.5% |
| Recurring financial charges | 65 | €25,031 | €25,916 | +€885 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €55,579 | €22,161 | -€33,418 | -60.1% |
| Income taxes | 67/77 | €17,128 | €1,114 | -€16,014 | -93.5% |
| Profit (loss) for the period | 9904 | €38,451 | €21,047 | -€17,404 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,451 | €21,047 | -€17,404 | -45.3% |
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 20 October 2026 via checked.be.