JOVERMA: 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.
JOVERMA
Largest movements
- Stocks and contracts +€55,300
up €55,300 (+67.0%), from €82,500 to €137,800
- Tangible fixed assets -€49,647
down €49,647 (-5.7%), from €865,313 to €815,666
of which Plant, machinery and equipment: -€69,999
- Receivables within one year +€38,050
up €38,050 (+33.5%), from €113,587 to €151,637
of which Other amounts receivable: +€20,383
- Cash +€13,571
up €13,571 (+23.9%), from €56,749 to €70,320
mainly Depreciation (+€160,759) and Current portion of long-term debt (+€82,791)
- Debts after one year -€91,751
down €91,751 (-13.4%), from €686,794 to €595,044
- Current portion of long-term debt +€82,791
up €82,791 (+46.8%), from €176,907 to €259,697
- Reserves +€82,630
up €82,630 (+53.1%), from €155,549 to €238,179
- Tax, wage and social debts -€24,366
down €24,366 (-94.0%), from €25,912 to €1,546
- Other debts +€14,236
up €14,236 (+32.9%), from €43,264 to €57,500
- Depreciation +€43,560
up €43,560 (+37.2%), from €117,199 to €160,759
- Gross operating margin +€25,205
up €25,205 (+8.2%), from €306,729 to €331,934
- Other operating charges -€12,457
down €12,457 (-33.0%), from €37,765 to €25,308
- Financial charges +€4,150
up €4,150 (+12.1%), from €34,439 to €38,589
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 | €1,120,108 | €1,177,097 | +€56,989 | +5.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €867,272 | €817,026 | -€50,247 | -5.8% |
| Intangible fixed assets | 21 | €1,960 | €1,360 | -€600 | -30.6% |
| Tangible fixed assets | 22/27 | €865,313 | €815,666 | -€49,647 | -5.7% |
| Plant, machinery and equipment | 23 | €506,417 | €436,418 | -€69,999 | -13.8% |
| Furniture and vehicles | 24 | €48,772 | €48,466 | -€305 | -0.6% |
| Leasing and similar rights | 25 | €297,041 | €319,239 | +€22,198 | +7.5% |
| Other tangible fixed assets | 26 | €13,083 | €11,543 | -€1,540 | -11.8% |
| Current assets | 29/58 | €252,835 | €360,071 | +€107,236 | +42.4% |
| Stocks and contracts in progress | 3 | €82,500 | €137,800 | +€55,300 | +67.0% |
| Stocks | 30/36 | €82,500 | €137,800 | +€55,300 | +67.0% |
| Amounts receivable within one year | 40/41 | €113,587 | €151,637 | +€38,050 | +33.5% |
| Trade receivables | 40 | €96,187 | €113,854 | +€17,667 | +18.4% |
| Other amounts receivable | 41 | €17,399 | €37,782 | +€20,383 | +117.1% |
| Cash at bank and in hand | 54/58 | €56,749 | €70,320 | +€13,571 | +23.9% |
| Deferred charges and accrued income | 490/1 | €0 | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €1,120,108 | €1,177,097 | +€56,989 | +5.1% |
| Equity | 10/15 | €180,549 | €263,179 | +€82,630 | +45.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €155,549 | €238,179 | +€82,630 | +53.1% |
| Distributable reserves | 133 | €155,549 | €238,179 | +€82,630 | +53.1% |
| Amounts payable | 17/49 | €939,559 | €913,918 | -€25,641 | -2.7% |
| Amounts payable after more than one year | 17 | €686,794 | €595,044 | -€91,751 | -13.4% |
| Financial debts | 170/4 | €686,794 | €595,044 | -€91,751 | -13.4% |
| Amounts payable within one year | 42/48 | €252,765 | €318,874 | +€66,110 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €176,907 | €259,697 | +€82,791 | +46.8% |
| Trade debts | 44 | €6,682 | €131 | -€6,550 | -98.0% |
| Suppliers | 440/4 | €6,682 | €131 | -€6,550 | -98.0% |
| Taxes, remuneration and social security | 45 | €25,912 | €1,546 | -€24,366 | -94.0% |
| Taxes | 450/3 | €25,912 | €1,546 | -€24,366 | -94.0% |
| Other amounts payable | 47/48 | €43,264 | €57,500 | +€14,236 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,199 | €160,759 | +€43,560 | +37.2% |
| Other operating charges | 640/8 | €37,765 | €25,308 | -€12,457 | -33.0% |
| Gross operating margin | 9900 | €306,729 | €331,934 | +€25,205 | +8.2% |
| Operating profit (loss) | 9901 | €151,765 | €145,867 | -€5,898 | -3.9% |
| Financial income | 75/76B | €365 | €1,268 | +€903 | +247.6% |
| Recurring financial income | 75 | €365 | €1,268 | +€903 | +247.6% |
| Financial charges | 65/66B | €34,439 | €38,589 | +€4,150 | +12.1% |
| Recurring financial charges | 65 | €34,439 | €38,589 | +€4,150 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €117,692 | €108,546 | -€9,145 | -7.8% |
| Income taxes | 67/77 | €26,546 | €25,917 | -€629 | -2.4% |
| Profit (loss) for the period | 9904 | €91,146 | €82,630 | -€8,516 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,146 | €82,630 | -€8,516 | -9.3% |
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.