JOVILUX: 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.
JOVILUX
Largest movements
- Stocks and contracts -€88,495
down €88,495 (-22.2%), from €398,067 to €309,572
- Intangible fixed assets -€44,561
down €44,561 (-69.9%), from €63,769 to €19,208
- Tangible fixed assets -€21,248
down €21,248 (-5.2%), from €406,412 to €385,164
of which Furniture and vehicles: -€15,089
- Cash -€20,065
down €20,065 (-15.7%), from €128,093 to €108,028
mainly Contributions, distributions and other (-€173,437) and Current portion of long-term debt (-€57,812)
- Reserves -€173,437
down €173,437 (-40.1%), from €432,828 to €259,391
of which Distributable reserves: -€173,437
- Other debts +€106,343
up €106,343 (+158%), from €67,094 to €173,437
- Current portion of long-term debt -€57,812
down €57,812 (-54.9%), from €105,336 to €47,525
- Short-term financial debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Trade debts +€38,189
up €38,189 (+8,133%), from €470 to €38,658
- Staff costs -€72,807
down €72,807 (-22.5%), from €323,657 to €250,850
- Financial charges -€10,705
down €10,705 (-30.4%), from €35,251 to €24,546
- Depreciation -€8,060
down €8,060 (-9.6%), from €83,692 to €75,631
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 | €1,105,148 | €929,444 | -€175,704 | -15.9% |
| Fixed assets | 21/28 | €470,181 | €404,372 | -€65,809 | -14.0% |
| Intangible fixed assets | 21 | €63,769 | €19,208 | -€44,561 | -69.9% |
| Tangible fixed assets | 22/27 | €406,412 | €385,164 | -€21,248 | -5.2% |
| Land and buildings | 22 | €360,386 | €357,537 | -€2,850 | -0.8% |
| Plant, machinery and equipment | 23 | €12,661 | €9,352 | -€3,309 | -26.1% |
| Furniture and vehicles | 24 | €33,364 | €18,275 | -€15,089 | -45.2% |
| Current assets | 29/58 | €634,968 | €525,072 | -€109,895 | -17.3% |
| Stocks and contracts in progress | 3 | €398,067 | €309,572 | -€88,495 | -22.2% |
| Stocks | 30/36 | €398,067 | €309,572 | -€88,495 | -22.2% |
| Amounts receivable within one year | 40/41 | €106,013 | €105,062 | -€951 | -0.9% |
| Trade receivables | 40 | €73,978 | €72,138 | -€1,840 | -2.5% |
| Other amounts receivable | 41 | €32,035 | €32,924 | +€889 | +2.8% |
| Cash at bank and in hand | 54/58 | €128,093 | €108,028 | -€20,065 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,794 | €2,410 | -€384 | -13.8% |
| Total equity and liabilities | 10/49 | €1,105,148 | €929,444 | -€175,704 | -15.9% |
| Equity | 10/15 | €401,959 | €245,569 | -€156,391 | -38.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €432,828 | €259,391 | -€173,437 | -40.1% |
| Tax-exempt reserves | 132 | €49,023 | €49,023 | = | 0.0% |
| Distributable reserves | 133 | €383,805 | €210,368 | -€173,437 | -45.2% |
| Profit (loss) carried forward | 14 | -€49,419 | -€32,372 | +€17,047 | +34.5% |
| Amounts payable | 17/49 | €703,189 | €683,875 | -€19,314 | -2.7% |
| Amounts payable after more than one year | 17 | €350,932 | €319,828 | -€31,104 | -8.9% |
| Financial debts | 170/4 | €350,932 | €319,828 | -€31,104 | -8.9% |
| Amounts payable within one year | 42/48 | €352,257 | €364,047 | +€11,790 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €105,336 | €47,525 | -€57,812 | -54.9% |
| Financial debts | 43 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Credit institutions | 430/8 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade debts | 44 | €470 | €38,658 | +€38,189 | +8,133% |
| Suppliers | 440/4 | €470 | €38,658 | +€38,189 | +8,133% |
| Taxes, remuneration and social security | 45 | €79,356 | €54,427 | -€24,930 | -31.4% |
| Taxes | 450/3 | €24,926 | €6,417 | -€18,510 | -74.3% |
| Remuneration and social security | 454/9 | €54,430 | €48,010 | -€6,420 | -11.8% |
| Other amounts payable | 47/48 | €67,094 | €173,437 | +€106,343 | +158% |
| Remuneration, social security and pensions | 62 | €323,657 | €250,850 | -€72,807 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,692 | €75,631 | -€8,060 | -9.6% |
| Other operating charges | 640/8 | €8,227 | €7,285 | -€942 | -11.5% |
| Non-recurring operating charges | 66A | - | €8,215 | +€8,215 | |
| Gross operating margin | 9900 | €375,750 | €378,125 | +€2,374 | +0.6% |
| Operating profit (loss) | 9901 | -€39,826 | €36,143 | +€75,969 | |
| Financial income | 75/76B | €3,416 | €6,178 | +€2,762 | +80.8% |
| Recurring financial income | 75 | €3,416 | €6,178 | +€2,762 | +80.8% |
| Financial charges | 65/66B | €35,251 | €24,546 | -€10,705 | -30.4% |
| Recurring financial charges | 65 | €35,251 | €24,546 | -€10,705 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€71,662 | €17,774 | +€89,436 | |
| Income taxes | 67/77 | €1,018 | €728 | -€291 | -28.5% |
| Profit (loss) for the period | 9904 | -€72,680 | €17,047 | +€89,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,680 | €17,047 | +€89,726 |
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 30 October 2026 via checked.be.