JOVIELEC: 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.
JOVIELEC
Largest movements
- Receivables within one year +€70,229
up €70,229 (+51.3%), from €136,800 to €207,029
of which Other amounts receivable: +€57,134
- Cash -€19,689
down €19,689 (-88.2%), from €22,325 to €2,635
mainly Receivables within one year (-€70,229) and Tax, wage and social debts (-€4,933)
- Profit (loss) carried forward +€42,221
up €42,221, from €0 to €42,221
- Current portion of long-term debt +€11,741
up €11,741, from €0 to €11,741
- Tax, wage and social debts -€4,933
down €4,933 (-20.7%), from €23,865 to €18,932
- Taxes -€5,185
down €5,185 (-25.0%), from €20,780 to €15,596
- Gross operating margin -€3,584
down €3,584 (-6.1%), from €58,637 to €55,053
- Financial income +€1,901
up €1,901 (+31.8%), from €5,988 to €7,889
- Other operating charges +€1,345
new in 2025: €1,345
- Depreciation -€1,010
down €1,010 (-28.3%), from €3,567 to €2,558
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 | €161,595 | €211,681 | +€50,086 | +31.0% |
| Fixed assets | 21/28 | €2,471 | €2,016 | -€454 | -18.4% |
| Tangible fixed assets | 22/27 | €2,471 | €2,016 | -€454 | -18.4% |
| Plant, machinery and equipment | 23 | €336 | €907 | +€571 | +170% |
| Furniture and vehicles | 24 | €2,135 | €1,110 | -€1,025 | -48.0% |
| Current assets | 29/58 | €159,125 | €209,665 | +€50,540 | +31.8% |
| Amounts receivable within one year | 40/41 | €136,800 | €207,029 | +€70,229 | +51.3% |
| Trade receivables | 40 | €7,664 | €20,758 | +€13,095 | +171% |
| Other amounts receivable | 41 | €129,136 | €186,271 | +€57,134 | +44.2% |
| Cash at bank and in hand | 54/58 | €22,325 | €2,635 | -€19,689 | -88.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €161,595 | €211,681 | +€50,086 | +31.0% |
| Equity | 10/15 | €112,605 | €154,826 | +€42,221 | +37.5% |
| Contributions | 10/11 | €5,569 | €5,569 | = | 0.0% |
| Reserves | 13 | €107,037 | €107,037 | = | 0.0% |
| Distributable reserves | 133 | €107,037 | €107,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €42,221 | +€42,221 | |
| Amounts payable | 17/49 | €48,990 | €56,855 | +€7,865 | +16.1% |
| Amounts payable within one year | 42/48 | €48,990 | €56,855 | +€7,865 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €11,741 | +€11,741 | |
| Trade debts | 44 | €24,657 | €26,182 | +€1,525 | +6.2% |
| Suppliers | 440/4 | €24,657 | €26,182 | +€1,525 | +6.2% |
| Advances received on contracts in progress | 46 | €469 | €0 | -€469 | -100% |
| Taxes, remuneration and social security | 45 | €23,865 | €18,932 | -€4,933 | -20.7% |
| Taxes | 450/3 | €23,865 | €18,932 | -€4,933 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,567 | €2,558 | -€1,010 | -28.3% |
| Other operating charges | 640/8 | - | €1,345 | +€1,345 | |
| Gross operating margin | 9900 | €58,637 | €55,053 | -€3,584 | -6.1% |
| Operating profit (loss) | 9901 | €55,070 | €51,151 | -€3,919 | -7.1% |
| Financial income | 75/76B | €5,988 | €7,889 | +€1,901 | +31.8% |
| Recurring financial income | 75 | €5,988 | €7,889 | +€1,901 | +31.8% |
| Financial charges | 65/66B | €1,302 | €1,223 | -€79 | -6.1% |
| Recurring financial charges | 65 | €1,302 | €1,223 | -€79 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €59,755 | €57,817 | -€1,939 | -3.2% |
| Income taxes | 67/77 | €20,780 | €15,596 | -€5,185 | -25.0% |
| Profit (loss) for the period | 9904 | €38,975 | €42,221 | +€3,246 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,975 | €42,221 | +€3,246 | +8.3% |
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.