JV: 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.
JV
Largest movements
- Cash +€202,249
up €202,249 (+251.5%), from €80,407 to €282,655
mainly Other debts (+€248,824) and Net result for the year (+€178,226)
- Receivables within one year -€23,201
down €23,201 (-11.4%), from €203,502 to €180,301
- Other debts +€248,824
up €248,824 (+916.1%), from €27,161 to €275,985
- Reserves -€137,076
no longer reported in 2025 (was €137,076)
- Tax, wage and social debts +€134,076
up €134,076 (+271.0%), from €49,483 to €183,559
of which Taxes: +€156,221
- Profit (loss) carried forward -€62,622
no longer reported in 2025 (was €62,622)
- Gross operating margin +€138,582
up €138,582 (+171.9%), from €80,634 to €219,216
- Taxes +€38,683
up €38,683 (+208.6%), from €18,542 to €57,225
- Financial income +€17,000
new in 2025: €17,000
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.
Cash bridge derived
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 | €283,909 | €462,956 | +€179,048 | +63.1% |
| Current assets | 29/58 | €283,909 | €462,956 | +€179,048 | +63.1% |
| Amounts receivable within one year | 40/41 | €203,502 | €180,301 | -€23,201 | -11.4% |
| Other amounts receivable | 41 | €203,502 | €180,301 | -€23,201 | -11.4% |
| Cash at bank and in hand | 54/58 | €80,407 | €282,655 | +€202,249 | +251.5% |
| Total equity and liabilities | 10/49 | €283,909 | €462,956 | +€179,048 | +63.1% |
| Equity | 10/15 | €202,698 | €3,000 | -€199,698 | -98.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €137,076 | - | -€137,076 | |
| Distributable reserves | 133 | €137,076 | - | -€137,076 | |
| Profit (loss) carried forward | 14 | €62,622 | - | -€62,622 | |
| Amounts payable | 17/49 | €81,210 | €459,956 | +€378,746 | +466.4% |
| Amounts payable within one year | 42/48 | €81,210 | €459,956 | +€378,746 | +466.4% |
| Trade debts | 44 | €4,567 | €413 | -€4,154 | -91.0% |
| Suppliers | 440/4 | €4,567 | €413 | -€4,154 | -91.0% |
| Taxes, remuneration and social security | 45 | €49,483 | €183,559 | +€134,076 | +271.0% |
| Taxes | 450/3 | €27,338 | €183,559 | +€156,221 | +571.4% |
| Remuneration and social security | 454/9 | €22,145 | - | -€22,145 | |
| Other amounts payable | 47/48 | €27,161 | €275,985 | +€248,824 | +916.1% |
| Other operating charges | 640/8 | €599 | €612 | +€12 | +2.1% |
| Gross operating margin | 9900 | €80,634 | €219,216 | +€138,582 | +171.9% |
| Operating profit (loss) | 9901 | €80,035 | €218,605 | +€138,570 | +173.1% |
| Financial income | 75/76B | - | €17,000 | +€17,000 | |
| Recurring financial income | 75 | - | €17,000 | +€17,000 | |
| Financial charges | 65/66B | €246 | €153 | -€93 | -37.8% |
| Recurring financial charges | 65 | €246 | €153 | -€93 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €79,789 | €235,451 | +€155,663 | +195.1% |
| Income taxes | 67/77 | €18,542 | €57,225 | +€38,683 | +208.6% |
| Profit (loss) for the period | 9904 | €61,246 | €178,226 | +€116,980 | +191.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,246 | €178,226 | +€116,980 | +191.0% |
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 11 October 2026 via checked.be.