JOVI-BE: 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.
What changed
JOVI-BE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€1.8m+€669,304
Equity
-€1.3m
2024 · -€205,621-€1.1m
Cash
€41,536
2024 · €72,229-€30,693
Balance sheet total
€13.7m
2024 · €15.3m-€1.6m
Largest movements
Assets
- Current investments -€955,210
down €955,210 (-29.6%), from €3.2m to €2.3m
- Receivables within one year -€369,976
down €369,976 (-19.8%), from €1.9m to €1.5m
of which Other amounts receivable: -€365,633
- Tangible fixed assets -€228,052
down €228,052 (-2.6%), from €8.7m to €8.5m
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-69.4%), from -€1.6m to -€2.7m
- Debts after one year -€681,925
down €681,925 (-4.9%), from €13.9m to €13.2m
of which Other amounts payable: -€413,262
- Provisions +€328,159
up €328,159 (+117%), from €279,815 to €607,973
- Current portion of long-term debt +€266,667
up €266,667 (+100%), from €266,667 to €533,333
- Short-term financial debts -€265,891
down €265,891 (-53.1%), from €500,790 to €234,898
Income statement
- Financial charges -€1.2m
down €1.2m (-64.0%), from €1.8m to €664,935
- Financial income -€593,289
down €593,289 (-66.6%), from €891,436 to €298,147
- Services and other goods -€79,989
down €79,989 (-21.5%), from €371,262 to €291,273
- Other operating income +€49,042
up €49,042 (+170%), from €28,840 to €77,882
- Taxes +€48,054
up €48,054 (+17.2%), from €280,105 to €328,159
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.
Result 2024
-€1.8m
Turnover
+€1,657
Other operating income
+€49,042
Services and other goods
+€79,989
Depreciation
-€2,960
Other operating charges
+€602
Financial income
-€593,289
Financial charges
+€1.2m
Taxes
-€48,054
Result 2025
-€1.1m
raises the resultlowers the result
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.
From operations
-€283,507
Investment
+€933,964
Financing
-€681,150
Cash 2024
€72,229
From operations (derived)
-€283,507
Net result for the year
-€1.1m
Depreciation
+€229,571
Receivables within one year
+€369,976
Deferred charges and accrued income
+€15,246
Provisions
+€328,159
Trade debts
-€13,405
Tax, wage and social debts
+€5,811
Accrued charges and deferred income
-€126,590
Investment (derived)
+€933,964
Investment in fixed assets (net)
-€21,245
Current investments
+€955,210
Financing
-€681,150
Debts after one year
-€681,925
Current portion of long-term debt
+€266,667
Short-term financial debts
-€265,891
Cash 2025
€41,536
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,255,072 | €13,675,622 | -€1.6m | -10.4% |
| Fixed assets | 21/28 | €9,974,776 | €9,766,450 | -€208,326 | -2.1% |
| Intangible fixed assets | 21 | €1,173 | €653 | -€520 | -44.3% |
| Tangible fixed assets | 22/27 | €8,716,397 | €8,488,345 | -€228,052 | -2.6% |
| Other tangible fixed assets | 26 | €8,716,397 | €8,488,345 | -€228,052 | -2.6% |
| Financial fixed assets | 28 | €1,257,206 | €1,277,453 | +€20,246 | +1.6% |
| Affiliated companies | 280/1 | €582,000 | €582,000 | = | 0.0% |
| Participating interests | 280 | €582,000 | €582,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €675,206 | €695,453 | +€20,246 | +3.0% |
| Participating interests | 282 | €333 | €333 | = | 0.0% |
| Amounts receivable | 283 | €674,873 | €695,120 | +€20,246 | +3.0% |
| Current assets | 29/58 | €5,280,296 | €3,909,172 | -€1.4m | -26.0% |
| Amounts receivable within one year | 40/41 | €1,872,375 | €1,502,399 | -€369,976 | -19.8% |
| Trade receivables | 40 | €18,759 | €14,416 | -€4,343 | -23.2% |
| Other amounts receivable | 41 | €1,853,616 | €1,487,983 | -€365,633 | -19.7% |
| Current investments | 50/53 | €3,222,452 | €2,267,243 | -€955,210 | -29.6% |
| Other investments | 51/53 | €3,222,452 | €2,267,243 | -€955,210 | -29.6% |
| Cash at bank and in hand | 54/58 | €72,229 | €41,536 | -€30,693 | -42.5% |
| Deferred charges and accrued income | 490/1 | €113,240 | €97,994 | -€15,246 | -13.5% |
| Total equity and liabilities | 10/49 | €15,255,072 | €13,675,622 | -€1.6m | -10.4% |
| Equity | 10/15 | -€205,621 | -€1,297,897 | -€1.1m | -531% |
| Contributions | 10/11 | €1,362,000 | €1,362,000 | = | 0.0% |
| Reserves | 13 | €6,065 | €6,065 | = | 0.0% |
| Distributable reserves | 133 | €6,065 | €6,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,573,686 | -€2,665,962 | -€1.1m | -69.4% |
| Provisions and deferred taxes | 16 | €279,815 | €607,973 | +€328,159 | +117% |
| Provisions for liabilities and charges | 160/5 | €279,815 | €607,973 | +€328,159 | +117% |
| Taxes | 161 | €279,815 | €607,973 | +€328,159 | +117% |
| Amounts payable | 17/49 | €15,180,879 | €14,365,546 | -€815,333 | -5.4% |
| Amounts payable after more than one year | 17 | €13,914,822 | €13,232,898 | -€681,925 | -4.9% |
| Financial debts | 170/4 | €3,031,222 | €2,762,559 | -€268,663 | -8.9% |
| Credit institutions | 173 | €3,031,222 | €2,762,559 | -€268,663 | -8.9% |
| Other amounts payable | 178/9 | €10,883,600 | €10,470,338 | -€413,262 | -3.8% |
| Amounts payable within one year | 42/48 | €812,168 | €805,349 | -€6,819 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €266,667 | €533,333 | +€266,667 | +100% |
| Financial debts | 43 | €500,790 | €234,898 | -€265,891 | -53.1% |
| Credit institutions | 430/8 | €500,790 | €234,898 | -€265,891 | -53.1% |
| Trade debts | 44 | €43,722 | €30,317 | -€13,405 | -30.7% |
| Suppliers | 440/4 | €43,722 | €30,317 | -€13,405 | -30.7% |
| Taxes, remuneration and social security | 45 | €989 | €6,800 | +€5,811 | +588% |
| Taxes | 450/3 | €189 | €6,000 | +€5,811 | +3,077% |
| Remuneration and social security | 454/9 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €453,889 | €327,299 | -€126,590 | -27.9% |
| Operating income | 70/76A | €79,099 | €129,798 | +€50,699 | +64.1% |
| Turnover | 70 | €50,259 | €51,916 | +€1,657 | +3.3% |
| Other operating income | 74 | €28,840 | €77,882 | +€49,042 | +170% |
| Operating charges | 60/66A | €604,758 | €527,126 | -€77,631 | -12.8% |
| Services and other goods | 61 | €371,262 | €291,273 | -€79,989 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,611 | €229,571 | +€2,960 | +1.3% |
| Other operating charges | 640/8 | €6,884 | €6,282 | -€602 | -8.7% |
| Operating profit (loss) | 9901 | -€525,659 | -€397,328 | +€128,330 | +24.4% |
| Financial income | 75/76B | €891,436 | €298,147 | -€593,289 | -66.6% |
| Recurring financial income | 75 | €891,436 | €298,147 | -€593,289 | -66.6% |
| Income from financial fixed assets | 750 | €20,246 | €20,854 | +€607 | +3.0% |
| Income from current assets | 751 | €134,767 | €100,276 | -€34,491 | -25.6% |
| Other financial income | 752/9 | €736,422 | €177,017 | -€559,405 | -76.0% |
| Financial charges | 65/66B | €1,847,251 | €664,935 | -€1.2m | -64.0% |
| Recurring financial charges | 65 | €1,847,251 | €664,935 | -€1.2m | -64.0% |
| Debt charges | 650 | €576,591 | €456,890 | -€119,701 | -20.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,069,929 | -€16,144 | -€1.1m | |
| Other financial charges | 652/9 | €200,731 | €224,190 | +€23,459 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,481,474 | -€764,117 | +€717,358 | +48.4% |
| Income taxes | 67/77 | €280,105 | €328,159 | +€48,054 | +17.2% |
| Taxes | 670/3 | €280,105 | €328,159 | +€48,054 | +17.2% |
| Profit (loss) for the period | 9904 | -€1,761,579 | -€1,092,275 | +€669,304 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,761,579 | -€1,092,275 | +€669,304 | +38.0% |
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 28 October 2026 via checked.be.