JOVETI: 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.
JOVETI
Largest movements
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Cash -€57,569
down €57,569 (-48.2%), from €119,396 to €61,827
mainly Current investments (-€100,000) and Receivables within one year (-€2,541)
- Reserves +€39,774
up €39,774 (+9.7%), from €410,905 to €450,679
- Gross operating margin -€23,657
down €23,657 (-30.8%), from €76,766 to €53,109
- Taxes -€4,298
down €4,298 (-18.6%), from €23,060 to €18,762
- Financial income -€1,660
down €1,660 (-20.5%), from €8,079 to €6,419
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 | €432,558 | €477,036 | +€44,477 | +10.3% |
| Fixed assets | 21/28 | €718 | €415 | -€303 | -42.2% |
| Tangible fixed assets | 22/27 | €718 | €415 | -€303 | -42.2% |
| Furniture and vehicles | 24 | €718 | €415 | -€303 | -42.2% |
| Current assets | 29/58 | €431,840 | €476,620 | +€44,780 | +10.4% |
| Amounts receivable within one year | 40/41 | €11,374 | €13,915 | +€2,541 | +22.3% |
| Trade receivables | 40 | €11,374 | €13,915 | +€2,541 | +22.3% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €119,396 | €61,827 | -€57,569 | -48.2% |
| Deferred charges and accrued income | 490/1 | €1,070 | €878 | -€192 | -17.9% |
| Total equity and liabilities | 10/49 | €432,558 | €477,036 | +€44,477 | +10.3% |
| Equity | 10/15 | €416,905 | €456,679 | +€39,774 | +9.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €410,905 | €450,679 | +€39,774 | +9.7% |
| Distributable reserves | 133 | €410,905 | €450,679 | +€39,774 | +9.7% |
| Amounts payable | 17/49 | €15,653 | €20,357 | +€4,703 | +30.0% |
| Amounts payable within one year | 42/48 | €15,653 | €20,357 | +€4,703 | +30.0% |
| Trade debts | 44 | €1,750 | €1,750 | = | 0.0% |
| Suppliers | 440/4 | €1,750 | €1,750 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,903 | €18,607 | +€4,703 | +33.8% |
| Taxes | 450/3 | €13,903 | €18,607 | +€4,703 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €303 | +€113 | +59.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €76,766 | €53,109 | -€23,657 | -30.8% |
| Operating profit (loss) | 9901 | €76,063 | €52,279 | -€23,784 | -31.3% |
| Financial income | 75/76B | €8,079 | €6,419 | -€1,660 | -20.5% |
| Recurring financial income | 75 | €8,079 | €6,419 | -€1,660 | -20.5% |
| Financial charges | 65/66B | €136 | €162 | +€26 | +19.5% |
| Recurring financial charges | 65 | €136 | €162 | +€26 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €84,006 | €58,536 | -€25,470 | -30.3% |
| Income taxes | 67/77 | €23,060 | €18,762 | -€4,298 | -18.6% |
| Profit (loss) for the period | 9904 | €60,946 | €39,774 | -€21,172 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,946 | €39,774 | -€21,172 | -34.7% |
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 15 October 2026 via checked.be.