JOVEKA: 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.
JOVEKA
Largest movements
- Receivables within one year -€18,695
down €18,695 (-43.2%), from €43,232 to €24,538
of which Trade receivables: -€16,456
- Other debts -€115,437
down €115,437 (-31.9%), from €361,349 to €245,912
- Profit (loss) carried forward +€73,779
up €73,779 (+7.1%), from €1.0m to €1.1m
- Trade debts +€20,193
up €20,193 (+1076.7%), from €1,875 to €22,068
- Financial income -€300,392
down €300,392 (-99.8%), from €300,864 to €472
- Gross operating margin +€50,119
up €50,119 (+90.9%), from €55,116 to €105,235
- Staff costs -€24,997
down €24,997 (-84.5%), from €29,589 to €4,592
- Taxes +€12,033
up €12,033 (+7520.8%), from €160 to €12,193
- Financial charges -€4,360
down €4,360 (-41.2%), from €10,575 to €6,216
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 | €1,464,830 | €1,438,298 | -€26,532 | -1.8% |
| Fixed assets | 21/28 | €1,417,999 | €1,410,328 | -€7,671 | -0.5% |
| Tangible fixed assets | 22/27 | €11,286 | €3,615 | -€7,671 | -68.0% |
| Furniture and vehicles | 24 | €11,286 | €3,615 | -€7,671 | -68.0% |
| Financial fixed assets | 28 | €1,406,713 | €1,406,713 | = | 0.0% |
| Current assets | 29/58 | €46,831 | €27,970 | -€18,861 | -40.3% |
| Amounts receivable within one year | 40/41 | €43,232 | €24,538 | -€18,695 | -43.2% |
| Trade receivables | 40 | €16,456 | €0 | -€16,456 | -100.0% |
| Other amounts receivable | 41 | €26,776 | €24,538 | -€2,239 | -8.4% |
| Cash at bank and in hand | 54/58 | €3,313 | €3,133 | -€179 | -5.4% |
| Deferred charges and accrued income | 490/1 | €286 | €299 | +€13 | +4.6% |
| Total equity and liabilities | 10/49 | €1,464,830 | €1,438,298 | -€26,532 | -1.8% |
| Equity | 10/15 | €1,094,012 | €1,167,791 | +€73,779 | +6.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €13,164 | €13,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | - | -€4,000 | |
| Reserves not available under the articles | 1311 | €4,000 | - | -€4,000 | |
| Distributable reserves | 133 | €9,164 | €13,164 | +€4,000 | +43.6% |
| Profit (loss) carried forward | 14 | €1,040,848 | €1,114,627 | +€73,779 | +7.1% |
| Amounts payable | 17/49 | €370,818 | €270,508 | -€100,310 | -27.1% |
| Amounts payable within one year | 42/48 | €370,818 | €270,508 | -€100,310 | -27.1% |
| Trade debts | 44 | €1,875 | €22,068 | +€20,193 | +1076.7% |
| Suppliers | 440/4 | €1,875 | €22,068 | +€20,193 | +1076.7% |
| Taxes, remuneration and social security | 45 | €7,594 | €2,528 | -€5,066 | -66.7% |
| Taxes | 450/3 | €4,072 | €2,528 | -€1,544 | -37.9% |
| Remuneration and social security | 454/9 | €3,522 | €0 | -€3,522 | -100.0% |
| Other amounts payable | 47/48 | €361,349 | €245,912 | -€115,437 | -31.9% |
| Remuneration, social security and pensions | 62 | €29,589 | €4,592 | -€24,997 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,671 | €7,671 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,218 | €1,256 | +€38 | +3.1% |
| Gross operating margin | 9900 | €55,116 | €105,235 | +€50,119 | +90.9% |
| Operating profit (loss) | 9901 | €16,638 | €91,716 | +€75,078 | +451.3% |
| Financial income | 75/76B | €300,864 | €472 | -€300,392 | -99.8% |
| Recurring financial income | 75 | €300,864 | €472 | -€300,392 | -99.8% |
| Financial charges | 65/66B | €10,575 | €6,216 | -€4,360 | -41.2% |
| Recurring financial charges | 65 | €10,575 | €6,216 | -€4,360 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €306,926 | €85,972 | -€220,955 | -72.0% |
| Income taxes | 67/77 | €160 | €12,193 | +€12,033 | +7520.8% |
| Profit (loss) for the period | 9904 | €306,766 | €73,779 | -€232,988 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €306,766 | €73,779 | -€232,988 | -75.9% |
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 11 October 2026 via checked.be.