JOVECO: 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.
JOVECO
Largest movements
- Tangible fixed assets +€32,659
up €32,659 (+1,272%), from €2,568 to €35,228
- Profit (loss) carried forward +€67,351
up €67,351 (+65.8%), from €102,306 to €169,657
- Debts after one year -€37,469
down €37,469 (-38.9%), from €96,385 to €58,916
- Tax, wage and social debts +€5,612
up €5,612 (+12.3%), from €45,513 to €51,125
of which Taxes: +€8,776
- Gross operating margin +€4,239
up €4,239 (+4.4%), from €95,616 to €99,855
- Other operating charges +€1,369
up €1,369 (+1,086%), from €126 to €1,495
- Financial charges +€1,319
up €1,319 (+39.2%), from €3,366 to €4,684
- Depreciation +€1,285
up €1,285 (+168%), from €766 to €2,051
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 | €286,507 | €322,779 | +€36,272 | +12.7% |
| Fixed assets | 21/28 | €202,568 | €235,228 | +€32,659 | +16.1% |
| Tangible fixed assets | 22/27 | €2,568 | €35,228 | +€32,659 | +1,272% |
| Furniture and vehicles | 24 | €2,568 | €35,228 | +€32,659 | +1,272% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €83,938 | €87,551 | +€3,613 | +4.3% |
| Amounts receivable within one year | 40/41 | €15,519 | €17,050 | +€1,531 | +9.9% |
| Trade receivables | 40 | €15,515 | €17,050 | +€1,535 | +9.9% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €68,419 | €70,501 | +€2,082 | +3.0% |
| Total equity and liabilities | 10/49 | €286,507 | €322,779 | +€36,272 | +12.7% |
| Equity | 10/15 | €105,306 | €172,657 | +€67,351 | +64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,306 | €169,657 | +€67,351 | +65.8% |
| Amounts payable | 17/49 | €181,201 | €150,122 | -€31,079 | -17.2% |
| Amounts payable after more than one year | 17 | €96,385 | €58,916 | -€37,469 | -38.9% |
| Financial debts | 170/4 | €96,385 | €58,916 | -€37,469 | -38.9% |
| Amounts payable within one year | 42/48 | €84,816 | €91,206 | +€6,390 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €36,084 | €37,469 | +€1,385 | +3.8% |
| Trade debts | 44 | €3,219 | €2,612 | -€607 | -18.9% |
| Suppliers | 440/4 | €3,219 | €2,612 | -€607 | -18.9% |
| Taxes, remuneration and social security | 45 | €45,513 | €51,125 | +€5,612 | +12.3% |
| Taxes | 450/3 | €42,349 | €51,125 | +€8,776 | +20.7% |
| Remuneration and social security | 454/9 | €3,164 | - | -€3,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €766 | €2,051 | +€1,285 | +168% |
| Other operating charges | 640/8 | €126 | €1,495 | +€1,369 | +1,086% |
| Gross operating margin | 9900 | €95,616 | €99,855 | +€4,239 | +4.4% |
| Operating profit (loss) | 9901 | €94,724 | €96,308 | +€1,585 | +1.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,366 | €4,684 | +€1,319 | +39.2% |
| Recurring financial charges | 65 | €3,366 | €4,684 | +€1,319 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €91,358 | €91,624 | +€266 | +0.3% |
| Income taxes | 67/77 | €24,369 | €24,273 | -€96 | -0.4% |
| Profit (loss) for the period | 9904 | €66,990 | €67,351 | +€362 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,990 | €67,351 | +€362 | +0.5% |
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 15 October 2026 via checked.be.