JOVO: 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.
JOVO
Largest movements
- Tangible fixed assets -€21,828
down €21,828 (-22.3%), from €97,979 to €76,151
of which Furniture and vehicles: -€18,469
- Cash -€10,791
down €10,791 (-62.4%), from €17,290 to €6,499
mainly Debts after one year (-€21,377) and Current investments (-€3,450)
- Current investments +€3,450
up €3,450 (+12.8%), from €26,977 to €30,427
- Receivables within one year +€3,388
up €3,388 (+29.1%), from €11,644 to €15,032
of which Other amounts receivable: +€4,097
- Stocks and contracts +€2,040
up €2,040 (+173%), from €1,176 to €3,216
- Debts after one year -€21,377
down €21,377 (-55.1%), from €38,784 to €17,407
- Profit (loss) carried forward -€1,772
down €1,772, from €86 to -€1,686
- Current portion of long-term debt -€1,575
down €1,575 (-6.9%), from €22,952 to €21,377
- Gross operating margin -€13,584
down €13,584 (-38.6%), from €35,236 to €21,651
- Taxes -€3,305
down €3,305 (-100%), from €3,305 to €0
- Depreciation +€1,658
up €1,658 (+8.2%), from €20,170 to €21,828
- Financial charges -€1,286
down €1,286 (-46.2%), from €2,785 to €1,499
- Other operating charges -€485
down €485 (-38.4%), from €1,263 to €778
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 | €157,311 | €134,642 | -€22,669 | -14.4% |
| Fixed assets | 21/28 | €97,979 | €76,151 | -€21,828 | -22.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €97,979 | €76,151 | -€21,828 | -22.3% |
| Land and buildings | 22 | €59,501 | €56,494 | -€3,008 | -5.1% |
| Furniture and vehicles | 24 | €38,029 | €19,560 | -€18,469 | -48.6% |
| Other tangible fixed assets | 26 | €449 | €98 | -€351 | -78.2% |
| Current assets | 29/58 | €59,332 | €58,491 | -€841 | -1.4% |
| Stocks and contracts in progress | 3 | €1,176 | €3,216 | +€2,040 | +173% |
| Stocks | 30/36 | €1,176 | €3,216 | +€2,040 | +173% |
| Amounts receivable within one year | 40/41 | €11,644 | €15,032 | +€3,388 | +29.1% |
| Trade receivables | 40 | €10,924 | €10,215 | -€709 | -6.5% |
| Other amounts receivable | 41 | €720 | €4,817 | +€4,097 | +569% |
| Current investments | 50/53 | €26,977 | €30,427 | +€3,450 | +12.8% |
| Cash at bank and in hand | 54/58 | €17,290 | €6,499 | -€10,791 | -62.4% |
| Deferred charges and accrued income | 490/1 | €2,244 | €3,317 | +€1,073 | +47.8% |
| Total equity and liabilities | 10/49 | €157,311 | €134,642 | -€22,669 | -14.4% |
| Equity | 10/15 | €43,486 | €41,714 | -€1,772 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86 | -€1,686 | -€1,772 | |
| Amounts payable | 17/49 | €113,825 | €92,928 | -€20,897 | -18.4% |
| Amounts payable after more than one year | 17 | €38,784 | €17,407 | -€21,377 | -55.1% |
| Financial debts | 170/4 | €38,784 | €17,407 | -€21,377 | -55.1% |
| Amounts payable within one year | 42/48 | €75,041 | €75,521 | +€480 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €22,952 | €21,377 | -€1,575 | -6.9% |
| Trade debts | 44 | €1,211 | €1,703 | +€491 | +40.5% |
| Suppliers | 440/4 | €1,211 | €1,703 | +€491 | +40.5% |
| Other amounts payable | 47/48 | €50,878 | €52,442 | +€1,564 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,170 | €21,828 | +€1,658 | +8.2% |
| Other operating charges | 640/8 | €1,263 | €778 | -€485 | -38.4% |
| Gross operating margin | 9900 | €35,236 | €21,651 | -€13,584 | -38.6% |
| Operating profit (loss) | 9901 | €13,803 | -€955 | -€14,757 | |
| Financial income | 75/76B | €441 | €682 | +€241 | +54.7% |
| Recurring financial income | 75 | €441 | €682 | +€241 | +54.7% |
| Financial charges | 65/66B | €2,785 | €1,499 | -€1,286 | -46.2% |
| Recurring financial charges | 65 | €2,785 | €1,499 | -€1,286 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €11,458 | -€1,772 | -€13,230 | |
| Income taxes | 67/77 | €3,305 | €0 | -€3,305 | -100% |
| Profit (loss) for the period | 9904 | €8,153 | -€1,772 | -€9,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,153 | -€1,772 | -€9,925 |
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 26 October 2026 via checked.be.