JOVERCA: 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.
JOVERCA
Largest movements
- Receivables within one year +€41,133
up €41,133 (+62.7%), from €65,629 to €106,762
of which Trade receivables: +€40,397
- Tangible fixed assets -€12,882
down €12,882 (-41.9%), from €30,744 to €17,863
of which Leasing and similar rights: -€14,960
- Profit (loss) carried forward +€31,215
no longer reported in 2025 (was -€31,215)
- Reserves +€20,276
new in 2025: €20,276
- Trade debts -€17,660
down €17,660 (-49.2%), from €35,875 to €18,216
- Other debts +€16,303
up €16,303 (+119.4%), from €13,651 to €29,955
- Current portion of long-term debt -€12,777
down €12,777 (-71.4%), from €17,893 to €5,116
- Staff costs -€214,900
down €214,900 (-69.8%), from €307,772 to €92,872
- Gross operating margin -€167,391
down €167,391 (-51.0%), from €328,427 to €161,036
- Depreciation -€12,398
down €12,398 (-68.9%), from €17,990 to €5,592
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 | €100,329 | €128,138 | +€27,809 | +27.7% |
| Fixed assets | 21/28 | €30,744 | €17,863 | -€12,882 | -41.9% |
| Tangible fixed assets | 22/27 | €30,744 | €17,863 | -€12,882 | -41.9% |
| Plant, machinery and equipment | 23 | €10,742 | €7,796 | -€2,946 | -27.4% |
| Furniture and vehicles | 24 | €4,842 | €10,067 | +€5,225 | +107.9% |
| Leasing and similar rights | 25 | €14,960 | - | -€14,960 | |
| Other tangible fixed assets | 26 | €200 | €0 | -€200 | -100.0% |
| Current assets | 29/58 | €69,585 | €110,276 | +€40,691 | +58.5% |
| Amounts receivable within one year | 40/41 | €65,629 | €106,762 | +€41,133 | +62.7% |
| Trade receivables | 40 | €65,579 | €105,976 | +€40,397 | +61.6% |
| Other amounts receivable | 41 | €50 | €786 | +€736 | +1457.7% |
| Cash at bank and in hand | 54/58 | €1,651 | €1,972 | +€321 | +19.4% |
| Deferred charges and accrued income | 490/1 | €2,305 | €1,542 | -€763 | -33.1% |
| Total equity and liabilities | 10/49 | €100,329 | €128,138 | +€27,809 | +27.7% |
| Equity | 10/15 | -€25,015 | €26,476 | +€51,491 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €20,276 | +€20,276 | |
| Distributable reserves | 133 | - | €20,276 | +€20,276 | |
| Profit (loss) carried forward | 14 | -€31,215 | - | +€31,215 | |
| Amounts payable | 17/49 | €125,344 | €101,662 | -€23,682 | -18.9% |
| Amounts payable after more than one year | 17 | €4,508 | - | -€4,508 | |
| Financial debts | 170/4 | €4,508 | - | -€4,508 | |
| Amounts payable within one year | 42/48 | €120,781 | €101,662 | -€19,119 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €17,893 | €5,116 | -€12,777 | -71.4% |
| Financial debts | 43 | €21,843 | €9,414 | -€12,428 | -56.9% |
| Credit institutions | 430/8 | €21,843 | €9,414 | -€12,428 | -56.9% |
| Trade debts | 44 | €35,875 | €18,216 | -€17,660 | -49.2% |
| Suppliers | 440/4 | €35,875 | €18,216 | -€17,660 | -49.2% |
| Taxes, remuneration and social security | 45 | €31,518 | €38,961 | +€7,443 | +23.6% |
| Taxes | 450/3 | €5,761 | €4,951 | -€810 | -14.1% |
| Remuneration and social security | 454/9 | €25,757 | €34,011 | +€8,254 | +32.0% |
| Other amounts payable | 47/48 | €13,651 | €29,955 | +€16,303 | +119.4% |
| Accrued charges and deferred income | 492/3 | €55 | - | -€55 | |
| Remuneration, social security and pensions | 62 | €307,772 | €92,872 | -€214,900 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,990 | €5,592 | -€12,398 | -68.9% |
| Other operating charges | 640/8 | €6,038 | €5,619 | -€420 | -7.0% |
| Gross operating margin | 9900 | €328,427 | €161,036 | -€167,391 | -51.0% |
| Operating profit (loss) | 9901 | -€3,374 | €56,953 | +€60,327 | |
| Financial income | 75/76B | €9 | €41 | +€32 | +352.3% |
| Recurring financial income | 75 | €9 | €41 | +€32 | +352.3% |
| Financial charges | 65/66B | €6,225 | €5,503 | -€723 | -11.6% |
| Recurring financial charges | 65 | €6,225 | €5,503 | -€723 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,590 | €51,491 | +€61,082 | |
| Income taxes | 67/77 | €223 | - | -€223 | |
| Profit (loss) for the period | 9904 | -€9,813 | €51,491 | +€61,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,813 | €51,491 | +€61,305 |
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 6 October 2026 via checked.be.