Joverco: 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.
Joverco
Largest movements
- Cash +€18,299
up €18,299 (+505%), from €3,624 to €21,923
mainly Net result for the year (+€14,332) and Receivables within one year (+€10,494)
- Receivables within one year -€10,494
down €10,494 (-73.4%), from €14,293 to €3,799
of which Trade receivables: -€14,293
- Deferred charges and accrued income +€1,147
up €1,147 (+228%), from €503 to €1,651
- Reserves +€14,332
up €14,332 (+230%), from €6,231 to €20,563
- Other debts -€6,090
down €6,090 (-100%), from €6,090 to €0
- Tax, wage and social debts +€672
up €672 (+18.9%), from €3,553 to €4,225
- Gross operating margin +€10,955
up €10,955 (+138%), from €7,944 to €18,899
- Taxes +€2,645
up €2,645 (+167%), from €1,579 to €4,225
- Depreciation +€224
up €224 (+36,705%), from €1 to €225
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 | €19,093 | €27,821 | +€8,728 | +45.7% |
| Fixed assets | 21/28 | €673 | €448 | -€225 | -33.4% |
| Tangible fixed assets | 22/27 | €673 | €448 | -€225 | -33.4% |
| Plant, machinery and equipment | 23 | €673 | €448 | -€225 | -33.4% |
| Current assets | 29/58 | €18,420 | €27,373 | +€8,952 | +48.6% |
| Amounts receivable within one year | 40/41 | €14,293 | €3,799 | -€10,494 | -73.4% |
| Trade receivables | 40 | €14,293 | €0 | -€14,293 | -100% |
| Other amounts receivable | 41 | - | €3,799 | +€3,799 | |
| Cash at bank and in hand | 54/58 | €3,624 | €21,923 | +€18,299 | +505% |
| Deferred charges and accrued income | 490/1 | €503 | €1,651 | +€1,147 | +228% |
| Total equity and liabilities | 10/49 | €19,093 | €27,821 | +€8,728 | +45.7% |
| Equity | 10/15 | €8,231 | €22,563 | +€14,332 | +174% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,231 | €20,563 | +€14,332 | +230% |
| Distributable reserves | 133 | €6,231 | €20,563 | +€14,332 | +230% |
| Amounts payable | 17/49 | €10,862 | €5,258 | -€5,604 | -51.6% |
| Amounts payable within one year | 42/48 | €10,862 | €5,258 | -€5,604 | -51.6% |
| Trade debts | 44 | €1,219 | €1,033 | -€186 | -15.3% |
| Suppliers | 440/4 | €1,219 | €1,033 | -€186 | -15.3% |
| Taxes, remuneration and social security | 45 | €3,553 | €4,225 | +€672 | +18.9% |
| Taxes | 450/3 | €3,553 | €4,225 | +€672 | +18.9% |
| Other amounts payable | 47/48 | €6,090 | €0 | -€6,090 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €225 | +€224 | +36,705% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €7,944 | €18,899 | +€10,955 | +138% |
| Operating profit (loss) | 9901 | €7,943 | €18,555 | +€10,611 | +134% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €133 | €85 | -€47 | -35.5% |
| Recurring financial charges | 65 | €133 | €85 | -€47 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €7,811 | €18,557 | +€10,746 | +138% |
| Income taxes | 67/77 | €1,579 | €4,225 | +€2,645 | +167% |
| Profit (loss) for the period | 9904 | €6,231 | €14,332 | +€8,101 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €6,231 | €14,332 | +€8,101 | +130% |
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 26 October 2026 via checked.be.