JV: what changed
Two fiscal 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.
JV
Largest movements
- Financial fixed assets +€2.0m
new in 2024: €2.0m
- Cash +€136,535
up €136,535 (+161.5%), from €84,517 to €221,052
mainly Contributions, distributions and other (+€925,000) and Debts after one year (+€800,000)
- Receivables within one year +€40,615
up €40,615 (+167.0%), from €24,313 to €64,928
of which Other amounts receivable: +€32,728
- Contributions +€1.0m
up €1.0m (+4000.0%), from €25,000 to €1.0m
- Debts after one year +€800,000
up €800,000 (+457.1%), from €175,000 to €975,000
- Other debts +€232,351
up €232,351 (+544.8%), from €42,649 to €275,000
- Reserves +€140,000
up €140,000 (+1609.7%), from €8,697 to €148,697
of which Distributable reserves: +€140,000
- Gross operating margin +€187,246
up €187,246 (+204.3%), from €91,641 to €278,887
- Taxes +€81,679
up €81,679 (+425.2%), from €19,210 to €100,889
- Financial income +€54,536
up €54,536 (+72714.8%), from €75 to €54,611
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,771 | €2,468,843 | +€2.2m | +752.0% |
| Fixed assets | 21/28 | €5,820 | €2,003,926 | +€2.0m | +34331.5% |
| Tangible fixed assets | 22/27 | €5,820 | €3,926 | -€1,894 | -32.5% |
| Plant, machinery and equipment | 23 | €2,730 | €1,701 | -€1,028 | -37.7% |
| Furniture and vehicles | 24 | €982 | €424 | -€558 | -56.8% |
| Other tangible fixed assets | 26 | €2,109 | €1,801 | -€308 | -14.6% |
| Financial fixed assets | 28 | - | €2,000,000 | +€2.0m | |
| Current assets | 29/58 | €283,951 | €464,917 | +€180,967 | +63.7% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Trade receivables | 290 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,313 | €64,928 | +€40,615 | +167.0% |
| Trade receivables | 40 | €16,260 | €24,147 | +€7,887 | +48.5% |
| Other amounts receivable | 41 | €8,054 | €40,781 | +€32,728 | +406.4% |
| Cash at bank and in hand | 54/58 | €84,517 | €221,052 | +€136,535 | +161.5% |
| Deferred charges and accrued income | 490/1 | €120 | €3,938 | +€3,817 | +3168.3% |
| Total equity and liabilities | 10/49 | €289,771 | €2,468,843 | +€2.2m | +752.0% |
| Equity | 10/15 | €21,439 | €1,174,563 | +€1.2m | +5378.7% |
| Contributions | 10/11 | €25,000 | €1,025,000 | +€1.0m | +4000.0% |
| Reserves | 13 | €8,697 | €148,697 | +€140,000 | +1609.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Other | 1319 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €146,197 | +€140,000 | +2259.0% |
| Profit (loss) carried forward | 14 | -€12,259 | €866 | +€13,124 | |
| Amounts payable | 17/49 | €268,332 | €1,294,280 | +€1.0m | +382.3% |
| Amounts payable after more than one year | 17 | €175,000 | €975,000 | +€800,000 | +457.1% |
| Financial debts | 170/4 | €175,000 | €975,000 | +€800,000 | +457.1% |
| Amounts payable within one year | 42/48 | €93,332 | €319,280 | +€225,948 | +242.1% |
| Trade debts | 44 | €12,702 | €3,966 | -€8,736 | -68.8% |
| Suppliers | 440/4 | €12,702 | €3,966 | -€8,736 | -68.8% |
| Taxes, remuneration and social security | 45 | €37,981 | €40,314 | +€2,334 | +6.1% |
| Taxes | 450/3 | €37,981 | €40,314 | +€2,334 | +6.1% |
| Other amounts payable | 47/48 | €42,649 | €275,000 | +€232,351 | +544.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €1,894 | +€626 | +49.4% |
| Other operating charges | 640/8 | €1,164 | €1,587 | +€423 | +36.3% |
| Non-recurring operating charges | 66A | €163 | €391 | +€228 | +140.1% |
| Gross operating margin | 9900 | €91,641 | €278,887 | +€187,246 | +204.3% |
| Operating profit (loss) | 9901 | €89,046 | €275,015 | +€185,969 | +208.8% |
| Financial income | 75/76B | €75 | €54,611 | +€54,536 | +72714.8% |
| Recurring financial income | 75 | €75 | €54,611 | +€54,536 | +72714.8% |
| Financial charges | 65/66B | €783 | €612 | -€171 | -21.8% |
| Recurring financial charges | 65 | €783 | €612 | -€171 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €88,337 | €329,013 | +€240,676 | +272.5% |
| Income taxes | 67/77 | €19,210 | €100,889 | +€81,679 | +425.2% |
| Profit (loss) for the period | 9904 | €69,127 | €228,124 | +€158,997 | +230.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,127 | €228,124 | +€158,997 | +230.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.