JOVIBEL: 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.
JOVIBEL
Largest movements
- Receivables within one year +€133,259
up €133,259 (+212%), from €62,989 to €196,248
of which Other amounts receivable: +€137,875
- Cash -€50,161
down €50,161 (-24.3%), from €206,768 to €156,606
mainly Receivables within one year (-€133,259) and Other debts (-€84,392)
- Reserves +€205,608
up €205,608 (+334%), from €61,596 to €267,204
- Other debts -€84,392
down €84,392 (-74.1%), from €113,866 to €29,474
- Tax, wage and social debts -€45,900
down €45,900 (-52.5%), from €87,398 to €41,499
of which Taxes: -€36,973
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Taxes +€19,495
up €19,495 (+27.4%), from €71,036 to €90,532
- Gross operating margin +€15,127
up €15,127 (+5.1%), from €299,369 to €314,496
- Staff costs -€10,622
down €10,622 (-38.3%), from €27,730 to €17,109
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 | €276,238 | €357,926 | +€81,688 | +29.6% |
| Fixed assets | 21/28 | €5,202 | €3,617 | -€1,585 | -30.5% |
| Tangible fixed assets | 22/27 | €5,202 | €3,617 | -€1,585 | -30.5% |
| Furniture and vehicles | 24 | €1,081 | €636 | -€445 | -41.2% |
| Other tangible fixed assets | 26 | €4,121 | €2,981 | -€1,139 | -27.6% |
| Current assets | 29/58 | €271,036 | €354,309 | +€83,273 | +30.7% |
| Amounts receivable within one year | 40/41 | €62,989 | €196,248 | +€133,259 | +212% |
| Trade receivables | 40 | €34,181 | €29,565 | -€4,616 | -13.5% |
| Other amounts receivable | 41 | €28,808 | €166,683 | +€137,875 | +479% |
| Cash at bank and in hand | 54/58 | €206,768 | €156,606 | -€50,161 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,455 | +€176 | +13.7% |
| Total equity and liabilities | 10/49 | €276,238 | €357,926 | +€81,688 | +29.6% |
| Equity | 10/15 | €73,996 | €285,804 | +€211,808 | +286% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €61,596 | €267,204 | +€205,608 | +334% |
| Non-distributable reserves | 130/1 | €61,596 | €267,204 | +€205,608 | +334% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €59,736 | €265,344 | +€205,608 | +344% |
| Amounts payable | 17/49 | €202,242 | €72,123 | -€130,119 | -64.3% |
| Amounts payable within one year | 42/48 | €202,242 | €72,123 | -€130,119 | -64.3% |
| Trade debts | 44 | €977 | €1,150 | +€173 | +17.7% |
| Suppliers | 440/4 | €977 | €1,150 | +€173 | +17.7% |
| Taxes, remuneration and social security | 45 | €87,398 | €41,499 | -€45,900 | -52.5% |
| Taxes | 450/3 | €78,471 | €41,499 | -€36,973 | -47.1% |
| Remuneration and social security | 454/9 | €8,927 | €0 | -€8,927 | -100% |
| Other amounts payable | 47/48 | €113,866 | €29,474 | -€84,392 | -74.1% |
| Remuneration, social security and pensions | 62 | €27,730 | €17,109 | -€10,622 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €1,585 | -€96 | -5.7% |
| Other operating charges | 640/8 | €1,069 | €697 | -€372 | -34.8% |
| Gross operating margin | 9900 | €299,369 | €314,496 | +€15,127 | +5.1% |
| Operating profit (loss) | 9901 | €268,889 | €295,106 | +€26,216 | +9.7% |
| Financial income | 75/76B | €1,901 | €1,377 | -€524 | -27.6% |
| Recurring financial income | 75 | €1,901 | €1,377 | -€524 | -27.6% |
| Financial charges | 65/66B | €562 | €343 | -€219 | -38.9% |
| Recurring financial charges | 65 | €562 | €343 | -€219 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €270,229 | €296,139 | +€25,911 | +9.6% |
| Income taxes | 67/77 | €71,036 | €90,532 | +€19,495 | +27.4% |
| Profit (loss) for the period | 9904 | €199,192 | €205,608 | +€6,415 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €199,192 | €205,608 | +€6,415 | +3.2% |
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.