JSR@Work Hovenier: 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.
JSR@Work Hovenier
Largest movements
- Receivables within one year -€2,965
down €2,965 (-20.4%), from €14,565 to €11,600
of which Trade receivables: -€2,398
- Stocks and contracts +€1,005
new in 2025: €1,005
- Tangible fixed assets -€876
down €876 (-7.0%), from €12,550 to €11,674
of which Furniture and vehicles: -€2,831
- Profit (loss) carried forward +€8,167
up €8,167, from -€2,992 to €5,175
- Advances received -€7,500
no longer reported in 2025 (was €7,500)
- Trade debts -€3,551
down €3,551 (-59.1%), from €6,011 to €2,460
- Current portion of long-term debt -€2,339
down €2,339 (-56.7%), from €4,124 to €1,785
- Other debts +€2,225
up €2,225 (+22.6%), from €9,833 to €12,059
- Gross operating margin +€11,230
up €11,230 (+182%), from €6,156 to €17,386
- Taxes +€1,950
new in 2025: €1,950
- Depreciation +€1,232
up €1,232 (+22.0%), from €5,596 to €6,828
- Financial charges -€240
down €240 (-46.8%), from €514 to €273
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 | €28,762 | €25,929 | -€2,833 | -9.8% |
| Fixed assets | 21/28 | €12,550 | €11,674 | -€876 | -7.0% |
| Tangible fixed assets | 22/27 | €12,550 | €11,674 | -€876 | -7.0% |
| Plant, machinery and equipment | 23 | €5,604 | €7,559 | +€1,955 | +34.9% |
| Furniture and vehicles | 24 | €6,946 | €4,115 | -€2,831 | -40.8% |
| Current assets | 29/58 | €16,212 | €14,255 | -€1,957 | -12.1% |
| Stocks and contracts in progress | 3 | - | €1,005 | +€1,005 | |
| Stocks | 30/36 | - | €1,005 | +€1,005 | |
| Amounts receivable within one year | 40/41 | €14,565 | €11,600 | -€2,965 | -20.4% |
| Trade receivables | 40 | €13,906 | €11,508 | -€2,398 | -17.2% |
| Other amounts receivable | 41 | €660 | €92 | -€567 | -86.0% |
| Cash at bank and in hand | 54/58 | €1,647 | €1,649 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €28,762 | €25,929 | -€2,833 | -9.8% |
| Equity | 10/15 | -€492 | €7,675 | +€8,167 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,992 | €5,175 | +€8,167 | |
| Amounts payable | 17/49 | €29,254 | €18,254 | -€10,999 | -37.6% |
| Amounts payable after more than one year | 17 | €1,785 | - | -€1,785 | |
| Financial debts | 170/4 | €1,785 | - | -€1,785 | |
| Amounts payable within one year | 42/48 | €27,468 | €18,254 | -€9,214 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €4,124 | €1,785 | -€2,339 | -56.7% |
| Trade debts | 44 | €6,011 | €2,460 | -€3,551 | -59.1% |
| Suppliers | 440/4 | €6,011 | €2,460 | -€3,551 | -59.1% |
| Advances received on contracts in progress | 46 | €7,500 | - | -€7,500 | |
| Taxes, remuneration and social security | 45 | - | €1,950 | +€1,950 | |
| Taxes | 450/3 | - | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €9,833 | €12,059 | +€2,225 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,596 | €6,828 | +€1,232 | +22.0% |
| Other operating charges | 640/8 | €118 | €210 | +€92 | +78.0% |
| Non-recurring operating charges | 66A | €175 | - | -€175 | |
| Gross operating margin | 9900 | €6,156 | €17,386 | +€11,230 | +182% |
| Operating profit (loss) | 9901 | €268 | €10,348 | +€10,081 | +3,766% |
| Financial income | 75/76B | €8 | €42 | +€34 | +407% |
| Recurring financial income | 75 | €8 | €42 | +€34 | +407% |
| Financial charges | 65/66B | €514 | €273 | -€240 | -46.8% |
| Recurring financial charges | 65 | €514 | €273 | -€240 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€238 | €10,117 | +€10,355 | |
| Income taxes | 67/77 | - | €1,950 | +€1,950 | |
| Profit (loss) for the period | 9904 | -€238 | €8,167 | +€8,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€238 | €8,167 | +€8,404 |
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 25 October 2026 via checked.be.