JOVIMA: what changed
Two fiscal 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.
JOVIMA
Largest movements
- Cash +€692,549
up €692,549 (+236.8%), from €292,477 to €985,026
mainly Other debts (+€667,123) and Net result for the year (+€417,023)
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€141,279
down €141,279 (-4.0%), from €3.5m to €3.4m
of which Land and buildings: -€141,630
- Other debts +€667,123
up €667,123 (+45.0%), from €1.5m to €2.1m
- Reserves +€418,115
up €418,115 (+43.5%), from €960,883 to €1.4m
of which Distributable reserves: +€418,115
- Debts after one year -€301,665
down €301,665 (-11.1%), from €2.7m to €2.4m
- Staff costs +€91,427
up €91,427 (+38.7%), from €236,232 to €327,659
- Other operating charges +€51,323
up €51,323 (+204.8%), from €25,063 to €76,385
- Gross operating margin -€37,938
down €37,938 (-6.0%), from €632,853 to €594,914
- Financial income +€24,696
up €24,696 (+6.2%), from €400,002 to €424,699
- Depreciation -€6,602
down €6,602 (-4.1%), from €161,318 to €154,716
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.
Cash bridge derived
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 | €5,798,806 | €6,577,930 | +€779,124 | +13.4% |
| Fixed assets | 21/28 | €5,424,875 | €5,283,596 | -€141,279 | -2.6% |
| Tangible fixed assets | 22/27 | €3,496,515 | €3,355,236 | -€141,279 | -4.0% |
| Land and buildings | 22 | €3,457,546 | €3,315,916 | -€141,630 | -4.1% |
| Plant, machinery and equipment | 23 | €8,726 | €5,989 | -€2,737 | -31.4% |
| Furniture and vehicles | 24 | €14,067 | €11,155 | -€2,912 | -20.7% |
| Other tangible fixed assets | 26 | €16,176 | €22,176 | +€6,000 | +37.1% |
| Financial fixed assets | 28 | €1,928,360 | €1,928,360 | = | 0.0% |
| Current assets | 29/58 | €373,931 | €1,294,335 | +€920,404 | +246.1% |
| Amounts receivable within one year | 40/41 | €71,005 | €34,959 | -€36,046 | -50.8% |
| Trade receivables | 40 | €68,031 | €31,015 | -€37,016 | -54.4% |
| Other amounts receivable | 41 | €2,974 | €3,944 | +€971 | +32.6% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €292,477 | €985,026 | +€692,549 | +236.8% |
| Deferred charges and accrued income | 490/1 | €10,450 | €24,349 | +€13,900 | +133.0% |
| Total equity and liabilities | 10/49 | €5,798,806 | €6,577,930 | +€779,124 | +13.4% |
| Equity | 10/15 | €1,237,268 | €1,654,291 | +€417,023 | +33.7% |
| Contributions | 10/11 | €275,293 | €275,293 | = | 0.0% |
| Reserves | 13 | €960,883 | €1,378,998 | +€418,115 | +43.5% |
| Tax-exempt reserves | 132 | €309 | €309 | = | 0.0% |
| Distributable reserves | 133 | €960,573 | €1,378,688 | +€418,115 | +43.5% |
| Profit (loss) carried forward | 14 | €1,092 | €0 | -€1,092 | -100.0% |
| Amounts payable | 17/49 | €4,561,538 | €4,923,639 | +€362,101 | +7.9% |
| Amounts payable after more than one year | 17 | €2,705,947 | €2,404,283 | -€301,665 | -11.1% |
| Financial debts | 170/4 | €2,705,947 | €2,404,283 | -€301,665 | -11.1% |
| Amounts payable within one year | 42/48 | €1,854,819 | €2,517,833 | +€663,013 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €298,344 | €301,665 | +€3,321 | +1.1% |
| Financial debts | 43 | €3,111 | €275 | -€2,835 | -91.2% |
| Credit institutions | 430/8 | €3,111 | €275 | -€2,835 | -91.2% |
| Trade debts | 44 | €19,245 | €32,749 | +€13,505 | +70.2% |
| Suppliers | 440/4 | €19,245 | €32,749 | +€13,505 | +70.2% |
| Taxes, remuneration and social security | 45 | €53,239 | €35,139 | -€18,100 | -34.0% |
| Taxes | 450/3 | €9,305 | €2,405 | -€6,899 | -74.1% |
| Remuneration and social security | 454/9 | €43,934 | €32,734 | -€11,200 | -25.5% |
| Other amounts payable | 47/48 | €1,480,881 | €2,148,004 | +€667,123 | +45.0% |
| Accrued charges and deferred income | 492/3 | €772 | €1,524 | +€753 | +97.5% |
| Non-recurring operating income | 76A | €817 | €0 | -€817 | -100.0% |
| Remuneration, social security and pensions | 62 | €236,232 | €327,659 | +€91,427 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,318 | €154,716 | -€6,602 | -4.1% |
| Other operating charges | 640/8 | €25,063 | €76,385 | +€51,323 | +204.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €632,853 | €594,914 | -€37,938 | -6.0% |
| Operating profit (loss) | 9901 | €210,240 | €36,154 | -€174,086 | -82.8% |
| Financial income | 75/76B | €400,002 | €424,699 | +€24,696 | +6.2% |
| Recurring financial income | 75 | €400,002 | €424,699 | +€24,696 | +6.2% |
| Financial charges | 65/66B | €43,045 | €42,693 | -€352 | -0.8% |
| Recurring financial charges | 65 | €43,045 | €42,693 | -€352 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €567,197 | €418,159 | -€149,038 | -26.3% |
| Income taxes | 67/77 | €1,109 | €1,136 | +€28 | +2.5% |
| Profit (loss) for the period | 9904 | €566,088 | €417,023 | -€149,065 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €566,088 | €417,023 | -€149,065 | -26.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.