Jovimaas: 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.
Jovimaas
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+10111.3%), from €11,141 to €1.1m
of which Stocks: +€1.1m
- Cash -€233,401
down €233,401 (-62.6%), from €372,800 to €139,399
mainly Stocks and contracts (-€1.1m) and Contributions, distributions and other (-€360,000)
- Receivables within one year +€104,528
up €104,528 (+18.2%), from €572,894 to €677,422
of which Other amounts receivable: +€191,028
- Short-term financial debts +€624,381
new in 2025: €624,381
- Reserves +€307,312
up €307,312 (+34.4%), from €893,609 to €1.2m
of which Distributable reserves: +€307,312
- Profit (loss) carried forward +€31,979
up €31,979, from -€31,979 to €0
- Other debts +€25,000
up €25,000, from €0 to €25,000
- Gross operating margin +€986,360
up €986,360, from -€21,564 to €964,795
- Taxes +€226,318
new in 2025: €226,318
- Financial charges +€18,477
up €18,477 (+13696.5%), from €135 to €18,611
- Depreciation +€14,074
new in 2025: €14,074
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 | €1,078,725 | €2,069,199 | +€990,474 | +91.8% |
| Fixed assets | 21/28 | €121,780 | €114,655 | -€7,125 | -5.9% |
| Tangible fixed assets | 22/27 | €121,780 | €114,655 | -€7,125 | -5.9% |
| Land and buildings | 22 | €121,780 | €114,655 | -€7,125 | -5.9% |
| Current assets | 29/58 | €956,944 | €1,954,544 | +€997,599 | +104.2% |
| Stocks and contracts in progress | 3 | €11,141 | €1,137,672 | +€1.1m | +10111.3% |
| Stocks | 30/36 | - | €1,137,672 | +€1.1m | |
| Contracts in progress | 37 | €11,141 | €0 | -€11,141 | -100.0% |
| Amounts receivable within one year | 40/41 | €572,894 | €677,422 | +€104,528 | +18.2% |
| Trade receivables | 40 | €88,620 | €2,120 | -€86,500 | -97.6% |
| Other amounts receivable | 41 | €484,274 | €675,301 | +€191,028 | +39.4% |
| Cash at bank and in hand | 54/58 | €372,800 | €139,399 | -€233,401 | -62.6% |
| Deferred charges and accrued income | 490/1 | €110 | €51 | -€58 | -53.1% |
| Total equity and liabilities | 10/49 | €1,078,725 | €2,069,199 | +€990,474 | +91.8% |
| Equity | 10/15 | €923,630 | €1,262,921 | +€339,291 | +36.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €893,609 | €1,200,921 | +€307,312 | +34.4% |
| Non-distributable reserves | 130/1 | €91,275 | €91,275 | = | 0.0% |
| Legal reserve | 130 | €91,275 | €91,275 | = | 0.0% |
| Tax-exempt reserves | 132 | €467,862 | €467,862 | = | 0.0% |
| Distributable reserves | 133 | €334,472 | €641,784 | +€307,312 | +91.9% |
| Profit (loss) carried forward | 14 | -€31,979 | €0 | +€31,979 | |
| Provisions and deferred taxes | 16 | €154,950 | €154,950 | = | 0.0% |
| Deferred taxes | 168 | €154,950 | €154,950 | = | 0.0% |
| Amounts payable | 17/49 | €145 | €651,328 | +€651,183 | +449091.5% |
| Amounts payable within one year | 42/48 | €145 | €651,328 | +€651,183 | +449091.5% |
| Financial debts | 43 | - | €624,381 | +€624,381 | |
| Credit institutions | 430/8 | - | €624,381 | +€624,381 | |
| Trade debts | 44 | €145 | €628 | +€483 | +333.4% |
| Suppliers | 440/4 | €145 | €628 | +€483 | +333.4% |
| Taxes, remuneration and social security | 45 | - | €1,318 | +€1,318 | |
| Taxes | 450/3 | - | €1,318 | +€1,318 | |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €983,559 | +€983,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,074 | +€14,074 | |
| Other operating charges | 640/8 | €7,411 | €6,500 | -€911 | -12.3% |
| Gross operating margin | 9900 | -€21,564 | €964,795 | +€986,360 | |
| Operating profit (loss) | 9901 | -€28,976 | €944,221 | +€973,196 | |
| Financial income | 75/76B | €5,128 | €0 | -€5,128 | -100.0% |
| Recurring financial income | 75 | €5,128 | €0 | -€5,128 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €135 | €18,611 | +€18,477 | +13696.5% |
| Recurring financial charges | 65 | €135 | €18,611 | +€18,477 | +13696.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,983 | €925,609 | +€949,592 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | - | €226,318 | +€226,318 | |
| Profit (loss) for the period | 9904 | -€23,983 | €699,291 | +€723,274 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,983 | €699,291 | +€723,274 |
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 11 October 2026 via checked.be.