JOVECON: 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.
JOVECON
Largest movements
- Tangible fixed assets -€27,379
down €27,379 (-24.5%), from €111,886 to €84,507
of which Leasing and similar rights: -€30,710
- Cash +€17,676
up €17,676 (+10.3%), from €172,246 to €189,922
mainly Depreciation (+€33,274) and Net result for the year (+€22,222)
- Receivables within one year +€9,192
up €9,192 (+34.2%), from €26,890 to €36,082
of which Trade receivables: +€12,313
- Debts after one year -€26,666
down €26,666 (-39.2%), from €68,100 to €41,434
- Reserves +€22,222
up €22,222 (+10.4%), from €213,437 to €235,659
- Gross operating margin +€17,215
up €17,215 (+31.8%), from €54,148 to €71,363
- Taxes +€5,852
up €5,852 (+188.7%), from €3,102 to €8,954
- Other operating charges +€1,685
up €1,685 (+50.1%), from €3,366 to €5,051
- Depreciation +€1,005
up €1,005 (+3.1%), from €32,270 to €33,274
- Financial income +€960
up €960 (+152.4%), from €630 to €1,589
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 | €321,925 | €318,699 | -€3,226 | -1.0% |
| Fixed assets | 21/28 | €114,808 | €87,429 | -€27,379 | -23.8% |
| Tangible fixed assets | 22/27 | €111,886 | €84,507 | -€27,379 | -24.5% |
| Plant, machinery and equipment | 23 | €6,160 | €8,870 | +€2,710 | +44.0% |
| Furniture and vehicles | 24 | €377 | €998 | +€621 | +164.8% |
| Leasing and similar rights | 25 | €105,349 | €74,639 | -€30,710 | -29.2% |
| Financial fixed assets | 28 | €2,922 | €2,922 | = | 0.0% |
| Current assets | 29/58 | €207,117 | €231,270 | +€24,153 | +11.7% |
| Amounts receivable within one year | 40/41 | €26,890 | €36,082 | +€9,192 | +34.2% |
| Trade receivables | 40 | €11,852 | €24,166 | +€12,313 | +103.9% |
| Other amounts receivable | 41 | €15,038 | €11,916 | -€3,121 | -20.8% |
| Cash at bank and in hand | 54/58 | €172,246 | €189,922 | +€17,676 | +10.3% |
| Deferred charges and accrued income | 490/1 | €7,981 | €5,266 | -€2,715 | -34.0% |
| Total equity and liabilities | 10/49 | €321,925 | €318,699 | -€3,226 | -1.0% |
| Equity | 10/15 | €219,637 | €241,859 | +€22,222 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,437 | €235,659 | +€22,222 | +10.4% |
| Distributable reserves | 133 | €213,437 | €235,659 | +€22,222 | +10.4% |
| Amounts payable | 17/49 | €102,288 | €76,841 | -€25,448 | -24.9% |
| Amounts payable after more than one year | 17 | €68,100 | €41,434 | -€26,666 | -39.2% |
| Financial debts | 170/4 | €68,100 | €41,434 | -€26,666 | -39.2% |
| Amounts payable within one year | 42/48 | €34,188 | €35,407 | +€1,219 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €27,218 | €25,024 | -€2,193 | -8.1% |
| Trade debts | 44 | €5,292 | €5,785 | +€493 | +9.3% |
| Suppliers | 440/4 | €5,292 | €5,785 | +€493 | +9.3% |
| Taxes, remuneration and social security | 45 | €1,678 | €4,597 | +€2,919 | +174.0% |
| Taxes | 450/3 | €1,678 | €1,756 | +€79 | +4.7% |
| Remuneration and social security | 454/9 | - | €2,840 | +€2,840 | |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Non-recurring operating income | 76A | €12,345 | - | -€12,345 | |
| Remuneration, social security and pensions | 62 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,270 | €33,274 | +€1,005 | +3.1% |
| Other operating charges | 640/8 | €3,366 | €5,051 | +€1,685 | +50.1% |
| Gross operating margin | 9900 | €54,148 | €71,363 | +€17,215 | +31.8% |
| Operating profit (loss) | 9901 | €18,513 | €32,922 | +€14,410 | +77.8% |
| Financial income | 75/76B | €630 | €1,589 | +€960 | +152.4% |
| Recurring financial income | 75 | €630 | €1,589 | +€960 | +152.4% |
| Financial charges | 65/66B | €3,435 | €3,336 | -€99 | -2.9% |
| Recurring financial charges | 65 | €3,435 | €3,336 | -€99 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €15,707 | €31,176 | +€15,468 | +98.5% |
| Income taxes | 67/77 | €3,102 | €8,954 | +€5,852 | +188.7% |
| Profit (loss) for the period | 9904 | €12,605 | €22,222 | +€9,616 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,605 | €22,222 | +€9,616 | +76.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.