JOVICO: 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.
JOVICO
Largest movements
- Cash +€57,681
up €57,681 (+42.4%), from €135,968 to €193,648
mainly Net result for the year (+€73,504) and Depreciation (+€11,200)
- Tangible fixed assets -€2,988
down €2,988 (-8.5%), from €35,034 to €32,047
of which Leasing and similar rights: -€8,937
- Profit (loss) carried forward +€73,504
up €73,504, from €0 to €73,504
- Debts after one year -€8,910
down €8,910 (-61.6%), from €14,469 to €5,559
- Other debts -€7,182
down €7,182 (-50.7%), from €14,172 to €6,990
- Taxes -€18,831
no longer reported in 2025 (was €18,831)
- Gross operating margin -€18,197
down €18,197 (-17.3%), from €105,038 to €86,841
- Depreciation +€1,116
up €1,116 (+11.1%), from €10,084 to €11,200
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 | €183,568 | €238,636 | +€55,068 | +30.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €35,034 | €32,047 | -€2,988 | -8.5% |
| Tangible fixed assets | 22/27 | €35,034 | €32,047 | -€2,988 | -8.5% |
| Plant, machinery and equipment | 23 | - | €7,258 | +€7,258 | |
| Furniture and vehicles | 24 | €4,772 | €3,463 | -€1,308 | -27.4% |
| Leasing and similar rights | 25 | €30,262 | €21,326 | -€8,937 | -29.5% |
| Current assets | 29/58 | €148,534 | €206,589 | +€58,055 | +39.1% |
| Amounts receivable within one year | 40/41 | €11,798 | €12,187 | +€389 | +3.3% |
| Trade receivables | 40 | €11,798 | €12,187 | +€389 | +3.3% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €135,968 | €193,648 | +€57,681 | +42.4% |
| Deferred charges and accrued income | 490/1 | €769 | €754 | -€15 | -1.9% |
| Total equity and liabilities | 10/49 | €183,568 | €238,636 | +€55,068 | +30.0% |
| Equity | 10/15 | €107,419 | €180,923 | +€73,504 | +68.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,419 | €102,419 | = | 0.0% |
| Distributable reserves | 133 | €102,419 | €102,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €73,504 | +€73,504 | |
| Amounts payable | 17/49 | €76,149 | €57,713 | -€18,436 | -24.2% |
| Amounts payable after more than one year | 17 | €14,469 | €5,559 | -€8,910 | -61.6% |
| Financial debts | 170/4 | €14,469 | €5,559 | -€8,910 | -61.6% |
| Amounts payable within one year | 42/48 | €61,680 | €52,154 | -€9,526 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €10,306 | €8,635 | -€1,671 | -16.2% |
| Trade debts | 44 | €5,403 | €4,665 | -€738 | -13.7% |
| Suppliers | 440/4 | €5,403 | €4,665 | -€738 | -13.7% |
| Taxes, remuneration and social security | 45 | €31,800 | €31,865 | +€65 | +0.2% |
| Taxes | 450/3 | €29,741 | €31,865 | +€2,123 | +7.1% |
| Remuneration and social security | 454/9 | €2,059 | - | -€2,059 | |
| Other amounts payable | 47/48 | €14,172 | €6,990 | -€7,182 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,084 | €11,200 | +€1,116 | +11.1% |
| Other operating charges | 640/8 | €1,035 | €951 | -€84 | -8.1% |
| Gross operating margin | 9900 | €105,038 | €86,841 | -€18,197 | -17.3% |
| Operating profit (loss) | 9901 | €93,919 | €74,691 | -€19,228 | -20.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,576 | €1,187 | -€389 | -24.7% |
| Recurring financial charges | 65 | €1,576 | €1,084 | -€491 | -31.2% |
| Non-recurring financial charges | 66B | - | €103 | +€103 | |
| Profit (loss) for the period before taxes | 9903 | €92,343 | €73,504 | -€18,840 | -20.4% |
| Income taxes | 67/77 | €18,831 | - | -€18,831 | |
| Profit (loss) for the period | 9904 | €73,512 | €73,504 | -€9 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,512 | €73,504 | -€9 | 0.0% |
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 18 October 2026 via checked.be.