JOVITEX: 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.
JOVITEX
Largest movements
- Stocks and contracts -€19,679
down €19,679 (-55.7%), from €35,336 to €15,657
- Tangible fixed assets -€17,823
down €17,823 (-78.8%), from €22,604 to €4,781
of which Land and buildings: -€16,987
- Cash +€6,571
up €6,571 (+7.2%), from €91,419 to €97,990
mainly Stocks and contracts (+€19,679) and Depreciation (+€17,823)
- Receivables within one year +€3,470
up €3,470 (+2,151%), from €161 to €3,631
of which Trade receivables: +€2,441
- Reserves -€28,022
down €28,022 (-34.1%), from €82,210 to €54,188
- Trade debts +€7,793
up €7,793 (+25.1%), from €31,107 to €38,900
- Other debts -€7,377
down €7,377 (-100%), from €7,377 to €0
- Gross operating margin -€15,342
down €15,342 (-24.5%), from €62,647 to €47,304
- Depreciation -€1,472
down €1,472 (-7.6%), from €19,294 to €17,823
- Staff costs +€907
up €907 (+1.7%), from €52,920 to €53,827
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,521 | €122,736 | -€26,785 | -17.9% |
| Fixed assets | 21/28 | €22,604 | €4,781 | -€17,823 | -78.8% |
| Tangible fixed assets | 22/27 | €22,604 | €4,781 | -€17,823 | -78.8% |
| Land and buildings | 22 | €21,463 | €4,475 | -€16,987 | -79.1% |
| Furniture and vehicles | 24 | €1,141 | €306 | -€835 | -73.2% |
| Current assets | 29/58 | €126,917 | €117,954 | -€8,963 | -7.1% |
| Stocks and contracts in progress | 3 | €35,336 | €15,657 | -€19,679 | -55.7% |
| Stocks | 30/36 | €35,336 | €15,657 | -€19,679 | -55.7% |
| Amounts receivable within one year | 40/41 | €161 | €3,631 | +€3,470 | +2,151% |
| Trade receivables | 40 | €161 | €2,602 | +€2,441 | +1,513% |
| Other amounts receivable | 41 | €0 | €1,029 | +€1,029 | |
| Cash at bank and in hand | 54/58 | €91,419 | €97,990 | +€6,571 | +7.2% |
| Deferred charges and accrued income | 490/1 | - | €676 | +€676 | |
| Total equity and liabilities | 10/49 | €149,521 | €122,736 | -€26,785 | -17.9% |
| Equity | 10/15 | €100,802 | €72,640 | -€28,162 | -27.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,210 | €54,188 | -€28,022 | -34.1% |
| Distributable reserves | 133 | €82,210 | €54,188 | -€28,022 | -34.1% |
| Profit (loss) carried forward | 14 | €0 | -€140 | -€140 | |
| Amounts payable | 17/49 | €48,719 | €50,096 | +€1,377 | +2.8% |
| Amounts payable within one year | 42/48 | €48,719 | €50,096 | +€1,377 | +2.8% |
| Trade debts | 44 | €31,107 | €38,900 | +€7,793 | +25.1% |
| Suppliers | 440/4 | €31,107 | €38,900 | +€7,793 | +25.1% |
| Taxes, remuneration and social security | 45 | €10,235 | €11,196 | +€961 | +9.4% |
| Taxes | 450/3 | €698 | €387 | -€311 | -44.6% |
| Remuneration and social security | 454/9 | €9,537 | €10,809 | +€1,272 | +13.3% |
| Other amounts payable | 47/48 | €7,377 | €0 | -€7,377 | -100% |
| Remuneration, social security and pensions | 62 | €52,920 | €53,827 | +€907 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,294 | €17,823 | -€1,472 | -7.6% |
| Other operating charges | 640/8 | €4,078 | €4,395 | +€317 | +7.8% |
| Gross operating margin | 9900 | €62,647 | €47,304 | -€15,342 | -24.5% |
| Operating profit (loss) | 9901 | -€13,646 | -€28,740 | -€15,095 | -111% |
| Financial income | 75/76B | €32 | €578 | +€546 | +1,696% |
| Recurring financial income | 75 | €32 | €578 | +€546 | +1,696% |
| Financial charges | 65/66B | €67 | €0 | -€67 | -100% |
| Recurring financial charges | 65 | €67 | €0 | -€67 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€13,680 | -€28,162 | -€14,482 | -106% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,680 | -€28,162 | -€14,482 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,680 | -€28,162 | -€14,482 | -106% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.