JOVIKO: 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.
JOVIKO
Largest movements
- Tangible fixed assets -€5,900
down €5,900 (-17.3%), from €34,111 to €28,211
- Stocks and contracts -€2,221
down €2,221 (-30.4%), from €7,302 to €5,081
- Other debts +€34,919
up €34,919 (+37.7%), from €92,510 to €127,429
- Profit (loss) carried forward -€29,588
down €29,588 (-29.3%), from -€100,966 to -€130,555
- Debts after one year -€6,895
down €6,895 (-8.5%), from €81,576 to €74,681
of which Financial debts: -€6,895
- Trade debts -€5,771
down €5,771 (-72.8%), from €7,924 to €2,153
- Gross operating margin -€9,633
down €9,633 (-95.1%), from -€10,126 to -€19,758
- Financial charges -€1,396
down €1,396 (-38.2%), from €3,660 to €2,263
- Other operating charges -€502
down €502 (-24.6%), from €2,044 to €1,542
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 | €96,002 | €88,939 | -€7,063 | -7.4% |
| Fixed assets | 21/28 | €34,171 | €28,271 | -€5,900 | -17.3% |
| Tangible fixed assets | 22/27 | €34,111 | €28,211 | -€5,900 | -17.3% |
| Land and buildings | 22 | €34,111 | €28,211 | -€5,900 | -17.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €61,831 | €60,669 | -€1,163 | -1.9% |
| Stocks and contracts in progress | 3 | €7,302 | €5,081 | -€2,221 | -30.4% |
| Stocks | 30/36 | €7,302 | €5,081 | -€2,221 | -30.4% |
| Amounts receivable within one year | 40/41 | €52,861 | €53,022 | +€161 | +0.3% |
| Trade receivables | 40 | €52,295 | €50,968 | -€1,328 | -2.5% |
| Other amounts receivable | 41 | €566 | €2,055 | +€1,489 | +263% |
| Cash at bank and in hand | 54/58 | €15 | €828 | +€813 | +5,506% |
| Deferred charges and accrued income | 490/1 | €1,654 | €1,738 | +€84 | +5.1% |
| Total equity and liabilities | 10/49 | €96,002 | €88,939 | -€7,063 | -7.4% |
| Equity | 10/15 | -€92,906 | -€122,495 | -€29,588 | -31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,966 | -€130,555 | -€29,588 | -29.3% |
| Amounts payable | 17/49 | €188,908 | €211,434 | +€22,526 | +11.9% |
| Amounts payable after more than one year | 17 | €81,576 | €74,681 | -€6,895 | -8.5% |
| Financial debts | 170/4 | €51,576 | €44,681 | -€6,895 | -13.4% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,332 | €136,753 | +€29,421 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €6,627 | €6,895 | +€268 | +4.0% |
| Trade debts | 44 | €7,924 | €2,153 | -€5,771 | -72.8% |
| Suppliers | 440/4 | €7,924 | €2,153 | -€5,771 | -72.8% |
| Taxes, remuneration and social security | 45 | €271 | €276 | +€5 | +1.9% |
| Taxes | 450/3 | €271 | €276 | +€5 | +1.9% |
| Other amounts payable | 47/48 | €92,510 | €127,429 | +€34,919 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,900 | €5,900 | = | 0.0% |
| Other operating charges | 640/8 | €2,044 | €1,542 | -€502 | -24.6% |
| Gross operating margin | 9900 | -€10,126 | -€19,758 | -€9,633 | -95.1% |
| Operating profit (loss) | 9901 | -€18,070 | -€27,200 | -€9,130 | -50.5% |
| Financial income | 75/76B | €22 | €12 | -€10 | -44.3% |
| Recurring financial income | 75 | €22 | €12 | -€10 | -44.3% |
| Financial charges | 65/66B | €3,660 | €2,263 | -€1,396 | -38.2% |
| Recurring financial charges | 65 | €3,660 | €2,263 | -€1,396 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,708 | -€29,452 | -€7,744 | -35.7% |
| Income taxes | 67/77 | €140 | €137 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€21,847 | -€29,588 | -€7,741 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,847 | -€29,588 | -€7,741 | -35.4% |
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 19 October 2026 via checked.be.