JOVIM: 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.
JOVIM
Largest movements
- Tangible fixed assets +€41,542
up €41,542 (+2.1%), from €2.0m to €2.0m
of which Plant, machinery and equipment: +€414,845
- Debts after one year -€315,000
down €315,000 (-44.1%), from €715,000 to €400,000
- Other debts +€304,038
up €304,038 (+45.8%), from €663,262 to €967,300
- Profit (loss) carried forward +€162,440
up €162,440 (+23.6%), from -€687,967 to -€525,527
- Revaluation surpluses -€124,596
down €124,596 (-16.2%), from €767,647 to €643,051
- Trade debts +€31,073
up €31,073 (+325%), from €9,575 to €40,647
- Gross operating margin +€172,519
up €172,519 (+158%), from €109,135 to €281,654
- Depreciation +€26,363
up €26,363 (+44.0%), from €59,925 to €86,288
- Other operating charges -€15,993
down €15,993 (-84.4%), from €18,948 to €2,955
- Financial charges -€12,006
down €12,006 (-32.4%), from €37,085 to €25,079
- Taxes +€5,801
new in 2025: €5,801
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 | €1,977,119 | €2,032,547 | +€55,428 | +2.8% |
| Fixed assets | 21/28 | €1,957,850 | €1,999,392 | +€41,542 | +2.1% |
| Tangible fixed assets | 22/27 | €1,957,850 | €1,999,392 | +€41,542 | +2.1% |
| Land and buildings | 22 | €1,725,416 | €1,326,817 | -€398,599 | -23.1% |
| Plant, machinery and equipment | 23 | €221,856 | €636,701 | +€414,845 | +187% |
| Furniture and vehicles | 24 | €10,577 | €35,874 | +€25,297 | +239% |
| Current assets | 29/58 | €19,269 | €33,155 | +€13,886 | +72.1% |
| Amounts receivable within one year | 40/41 | €11,569 | €22,087 | +€10,517 | +90.9% |
| Trade receivables | 40 | €11,569 | €16,421 | +€4,851 | +41.9% |
| Other amounts receivable | 41 | - | €5,666 | +€5,666 | |
| Cash at bank and in hand | 54/58 | €7,700 | €11,069 | +€3,369 | +43.8% |
| Total equity and liabilities | 10/49 | €1,977,119 | €2,032,547 | +€55,428 | +2.8% |
| Equity | 10/15 | €586,755 | €624,599 | +€37,844 | +6.4% |
| Contributions | 10/11 | €506,330 | €506,330 | = | 0.0% |
| Capital | 10 | €506,330 | €506,330 | = | 0.0% |
| Issued capital | 100 | €506,330 | €506,330 | = | 0.0% |
| Revaluation surpluses | 12 | €767,647 | €643,051 | -€124,596 | -16.2% |
| Reserves | 13 | €745 | €745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €695 | €695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€687,967 | -€525,527 | +€162,440 | +23.6% |
| Amounts payable | 17/49 | €1,390,364 | €1,407,948 | +€17,584 | +1.3% |
| Amounts payable after more than one year | 17 | €715,000 | €400,000 | -€315,000 | -44.1% |
| Financial debts | 170/4 | €715,000 | €400,000 | -€315,000 | -44.1% |
| Amounts payable within one year | 42/48 | €675,364 | €1,007,948 | +€332,584 | +49.2% |
| Trade debts | 44 | €9,575 | €40,647 | +€31,073 | +325% |
| Suppliers | 440/4 | €9,575 | €40,647 | +€31,073 | +325% |
| Taxes, remuneration and social security | 45 | €2,527 | - | -€2,527 | |
| Taxes | 450/3 | €2,527 | - | -€2,527 | |
| Other amounts payable | 47/48 | €663,262 | €967,300 | +€304,038 | +45.8% |
| Non-recurring operating income | 76A | - | €224,741 | +€224,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,925 | €86,288 | +€26,363 | +44.0% |
| Other operating charges | 640/8 | €18,948 | €2,955 | -€15,993 | -84.4% |
| Non-recurring operating charges | 66A | €90,994 | - | -€90,994 | |
| Gross operating margin | 9900 | €109,135 | €281,654 | +€172,519 | +158% |
| Operating profit (loss) | 9901 | -€60,732 | €192,411 | +€253,143 | |
| Financial income | 75/76B | €0 | €908 | +€908 | +189,167% |
| Recurring financial income | 75 | €0 | €908 | +€908 | +189,167% |
| Financial charges | 65/66B | €37,085 | €25,079 | -€12,006 | -32.4% |
| Recurring financial charges | 65 | €37,085 | €25,079 | -€12,006 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€97,817 | €168,240 | +€266,057 | |
| Income taxes | 67/77 | - | €5,801 | +€5,801 | |
| Profit (loss) for the period | 9904 | -€97,817 | €162,440 | +€260,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,817 | €162,440 | +€260,257 |
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.