Jovec: 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.
Jovec
Largest movements
- Tangible fixed assets -€6,558
down €6,558 (-37.3%), from €17,561 to €11,003
of which Land and buildings: -€3,801
- Receivables within one year +€4,796
up €4,796 (+36.7%), from €13,062 to €17,858
of which Trade receivables: +€2,616
- Cash -€4,737
down €4,737 (-3.8%), from €125,142 to €120,405
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€4,796)
- Other debts +€65,951
up €65,951 (+121.7%), from €54,183 to €120,134
- Profit (loss) carried forward -€62,857
down €62,857 (-100.0%), from €62,857 to €0
- Reserves -€17,942
down €17,942 (-64.7%), from €27,723 to €9,781
- Tax, wage and social debts +€8,021
up €8,021 (+44.4%), from €18,074 to €26,095
- Gross operating margin -€8,457
down €8,457 (-12.8%), from €65,844 to €57,387
- Taxes -€2,929
down €2,929 (-18.3%), from €15,974 to €13,045
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 | €174,675 | €167,978 | -€6,697 | -3.8% |
| Fixed assets | 21/28 | €17,561 | €11,003 | -€6,558 | -37.3% |
| Tangible fixed assets | 22/27 | €17,561 | €11,003 | -€6,558 | -37.3% |
| Land and buildings | 22 | €13,314 | €9,513 | -€3,801 | -28.5% |
| Furniture and vehicles | 24 | €2,171 | €1,490 | -€681 | -31.4% |
| Other tangible fixed assets | 26 | €2,077 | €0 | -€2,077 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €157,114 | €156,975 | -€138 | -0.1% |
| Stocks and contracts in progress | 3 | €1,737 | €1,737 | = | 0.0% |
| Stocks | 30/36 | €1,737 | €1,737 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,062 | €17,858 | +€4,796 | +36.7% |
| Trade receivables | 40 | €13,062 | €15,678 | +€2,616 | +20.0% |
| Other amounts receivable | 41 | €0 | €2,180 | +€2,180 | |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,142 | €120,405 | -€4,737 | -3.8% |
| Deferred charges and accrued income | 490/1 | €2,172 | €1,975 | -€197 | -9.1% |
| Total equity and liabilities | 10/49 | €174,675 | €167,978 | -€6,697 | -3.8% |
| Equity | 10/15 | €95,580 | €14,781 | -€80,798 | -84.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,723 | €9,781 | -€17,942 | -64.7% |
| Distributable reserves | 133 | €27,723 | €9,781 | -€17,942 | -64.7% |
| Profit (loss) carried forward | 14 | €62,857 | €0 | -€62,857 | -100.0% |
| Amounts payable | 17/49 | €79,095 | €153,197 | +€74,102 | +93.7% |
| Amounts payable within one year | 42/48 | €78,178 | €151,953 | +€73,775 | +94.4% |
| Trade debts | 44 | €5,921 | €5,724 | -€197 | -3.3% |
| Suppliers | 440/4 | €5,921 | €5,724 | -€197 | -3.3% |
| Taxes, remuneration and social security | 45 | €18,074 | €26,095 | +€8,021 | +44.4% |
| Taxes | 450/3 | €18,074 | €26,095 | +€8,021 | +44.4% |
| Other amounts payable | 47/48 | €54,183 | €120,134 | +€65,951 | +121.7% |
| Accrued charges and deferred income | 492/3 | €917 | €1,244 | +€327 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,747 | €2,368 | -€379 | -13.8% |
| Other operating charges | 640/8 | €726 | €1,176 | +€451 | +62.1% |
| Non-recurring operating charges | 66A | - | €4,190 | +€4,190 | |
| Gross operating margin | 9900 | €65,844 | €57,387 | -€8,457 | -12.8% |
| Operating profit (loss) | 9901 | €62,372 | €49,652 | -€12,719 | -20.4% |
| Financial income | 75/76B | €525 | €943 | +€418 | +79.6% |
| Recurring financial income | 75 | €525 | €943 | +€418 | +79.6% |
| Financial charges | 65/66B | €3,023 | €3,349 | +€326 | +10.8% |
| Recurring financial charges | 65 | €3,023 | €3,349 | +€326 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €59,874 | €47,247 | -€12,627 | -21.1% |
| Income taxes | 67/77 | €15,974 | €13,045 | -€2,929 | -18.3% |
| Profit (loss) for the period | 9904 | €43,900 | €34,202 | -€9,698 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,900 | €34,202 | -€9,698 | -22.1% |
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.