JSV INVEST: 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.
JSV INVEST
Largest movements
- Financial fixed assets +€75,000
up €75,000 (+3,750%), from €2,000 to €77,000
- Receivables within one year +€24,636
up €24,636 (+6,769%), from €364 to €25,000
of which Trade receivables: +€25,000
- Tangible fixed assets -€11,648
down €11,648 (-49.9%), from €23,340 to €11,691
- Cash +€5,865
up €5,865 (+7.6%), from €76,844 to €82,709
mainly Net result for the year (+€67,484) and Advances received (+€25,000)
- Deferred charges and accrued income +€3,375
up €3,375 (+182%), from €1,857 to €5,232
- Profit (loss) carried forward +€62,484
up €62,484 (+169%), from €36,976 to €99,460
- Advances received +€25,000
new in 2025: €25,000
- Tax, wage and social debts +€7,391
up €7,391 (+972%), from €760 to €8,151
- Gross operating margin +€34,972
up €34,972 (+48.4%), from €72,322 to €107,293
- Taxes +€13,615
up €13,615 (+101%), from €13,536 to €27,151
- Financial charges -€2,485
down €2,485 (-92.5%), from €2,687 to €202
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 | €104,404 | €201,632 | +€97,228 | +93.1% |
| Fixed assets | 21/28 | €25,340 | €88,691 | +€63,352 | +250% |
| Tangible fixed assets | 22/27 | €23,340 | €11,691 | -€11,648 | -49.9% |
| Furniture and vehicles | 24 | €23,340 | €11,691 | -€11,648 | -49.9% |
| Financial fixed assets | 28 | €2,000 | €77,000 | +€75,000 | +3,750% |
| Current assets | 29/58 | €79,064 | €112,941 | +€33,876 | +42.8% |
| Amounts receivable within one year | 40/41 | €364 | €25,000 | +€24,636 | +6,769% |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €364 | - | -€364 | |
| Cash at bank and in hand | 54/58 | €76,844 | €82,709 | +€5,865 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,857 | €5,232 | +€3,375 | +182% |
| Total equity and liabilities | 10/49 | €104,404 | €201,632 | +€97,228 | +93.1% |
| Equity | 10/15 | €46,976 | €109,460 | +€62,484 | +133% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,976 | €99,460 | +€62,484 | +169% |
| Amounts payable | 17/49 | €57,428 | €92,172 | +€34,744 | +60.5% |
| Amounts payable within one year | 42/48 | €57,415 | €92,155 | +€34,740 | +60.5% |
| Trade debts | 44 | €5,480 | €6,647 | +€1,167 | +21.3% |
| Suppliers | 440/4 | €5,480 | €6,647 | +€1,167 | +21.3% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €760 | €8,151 | +€7,391 | +972% |
| Taxes | 450/3 | €760 | €8,151 | +€7,391 | +972% |
| Other amounts payable | 47/48 | €51,175 | €52,357 | +€1,182 | +2.3% |
| Accrued charges and deferred income | 492/3 | €13 | €17 | +€4 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,499 | €11,648 | +€149 | +1.3% |
| Other operating charges | 640/8 | €1,348 | €809 | -€539 | -40.0% |
| Gross operating margin | 9900 | €72,322 | €107,293 | +€34,972 | +48.4% |
| Operating profit (loss) | 9901 | €59,475 | €94,837 | +€35,362 | +59.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,687 | €202 | -€2,485 | -92.5% |
| Recurring financial charges | 65 | €2,687 | €202 | -€2,485 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €56,788 | €94,635 | +€37,847 | +66.6% |
| Income taxes | 67/77 | €13,536 | €27,151 | +€13,615 | +101% |
| Profit (loss) for the period | 9904 | €43,252 | €67,484 | +€24,232 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,252 | €67,484 | +€24,232 | +56.0% |
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 17 October 2026 via checked.be.