JOVEST: 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.
JOVEST
Largest movements
- Receivables after one year +€35,875
new in 2025: €35,875
- Cash -€16,208
down €16,208 (-39.7%), from €40,776 to €24,568
mainly Receivables after one year (-€35,875) and Tax, wage and social debts (-€6,652)
- Tangible fixed assets -€12,534
down €12,534 (-41.8%), from €29,953 to €17,420
- Receivables within one year +€2,726
up €2,726 (+25.0%), from €10,915 to €13,642
of which Trade receivables: +€2,033
- Profit (loss) carried forward +€24,506
up €24,506 (+106%), from €23,111 to €47,617
- Tax, wage and social debts -€6,652
down €6,652 (-37.6%), from €17,712 to €11,060
- Debts after one year -€5,141
down €5,141 (-69.9%), from €7,358 to €2,217
- Other debts -€2,968
down €2,968 (-15.5%), from €19,179 to €16,211
- Gross operating margin +€6,291
up €6,291 (+15.5%), from €40,599 to €46,890
- Depreciation +€3,688
up €3,688 (+41.7%), from €8,846 to €12,534
- Financial income +€883
up €883 (+2,450%), from €36 to €919
- Financial charges +€771
up €771 (+51.3%), from €1,503 to €2,274
- Taxes +€735
up €735 (+11.2%), from €6,558 to €7,293
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 | €84,197 | €93,974 | +€9,777 | +11.6% |
| Fixed assets | 21/28 | €29,953 | €17,420 | -€12,534 | -41.8% |
| Tangible fixed assets | 22/27 | €29,953 | €17,420 | -€12,534 | -41.8% |
| Furniture and vehicles | 24 | €29,953 | €17,420 | -€12,534 | -41.8% |
| Current assets | 29/58 | €54,243 | €76,554 | +€22,311 | +41.1% |
| Amounts receivable after more than one year | 29 | - | €35,875 | +€35,875 | |
| Other amounts receivable | 291 | - | €35,875 | +€35,875 | |
| Amounts receivable within one year | 40/41 | €10,915 | €13,642 | +€2,726 | +25.0% |
| Trade receivables | 40 | €10,901 | €12,934 | +€2,033 | +18.6% |
| Other amounts receivable | 41 | €14 | €708 | +€693 | +4,886% |
| Cash at bank and in hand | 54/58 | €40,776 | €24,568 | -€16,208 | -39.7% |
| Deferred charges and accrued income | 490/1 | €2,552 | €2,470 | -€83 | -3.2% |
| Total equity and liabilities | 10/49 | €84,197 | €93,974 | +€9,777 | +11.6% |
| Equity | 10/15 | €28,111 | €52,617 | +€24,506 | +87.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,111 | €47,617 | +€24,506 | +106% |
| Amounts payable | 17/49 | €56,085 | €41,357 | -€14,729 | -26.3% |
| Amounts payable after more than one year | 17 | €7,358 | €2,217 | -€5,141 | -69.9% |
| Financial debts | 170/4 | €7,358 | €2,217 | -€5,141 | -69.9% |
| Amounts payable within one year | 42/48 | €44,728 | €34,993 | -€9,734 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €4,896 | €5,141 | +€244 | +5.0% |
| Trade debts | 44 | €2,941 | €2,582 | -€359 | -12.2% |
| Suppliers | 440/4 | €2,941 | €2,582 | -€359 | -12.2% |
| Taxes, remuneration and social security | 45 | €17,712 | €11,060 | -€6,652 | -37.6% |
| Taxes | 450/3 | €17,712 | €11,060 | -€6,652 | -37.6% |
| Other amounts payable | 47/48 | €19,179 | €16,211 | -€2,968 | -15.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,146 | +€146 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,846 | €12,534 | +€3,688 | +41.7% |
| Other operating charges | 640/8 | €617 | €1,202 | +€585 | +94.9% |
| Gross operating margin | 9900 | €40,599 | €46,890 | +€6,291 | +15.5% |
| Operating profit (loss) | 9901 | €31,137 | €33,154 | +€2,018 | +6.5% |
| Financial income | 75/76B | €36 | €919 | +€883 | +2,450% |
| Recurring financial income | 75 | €36 | €919 | +€883 | +2,450% |
| Financial charges | 65/66B | €1,503 | €2,274 | +€771 | +51.3% |
| Recurring financial charges | 65 | €1,503 | €2,274 | +€771 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €29,669 | €31,799 | +€2,130 | +7.2% |
| Income taxes | 67/77 | €6,558 | €7,293 | +€735 | +11.2% |
| Profit (loss) for the period | 9904 | €23,111 | €24,506 | +€1,395 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,111 | €24,506 | +€1,395 | +6.0% |
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 24 October 2026 via checked.be.