JV België: 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 België
Largest movements
- Cash +€68,223
up €68,223 (+46.8%), from €145,650 to €213,873
mainly Net result for the year (+€67,196) and Receivables within one year (+€16,612)
- Receivables within one year -€16,612
down €16,612 (-62.6%), from €26,516 to €9,904
of which Other amounts receivable: -€10,873
- Tangible fixed assets -€7,637
down €7,637 (-4.6%), from €166,278 to €158,641
of which Land and buildings: -€7,394
- Reserves +€67,000
up €67,000 (+24.2%), from €276,871 to €343,871
of which Distributable reserves: +€67,000
- Trade debts -€33,547
down €33,547 (-98.2%), from €34,173 to €626
- Tax, wage and social debts +€7,097
up €7,097 (+41.9%), from €16,953 to €24,050
of which Taxes: +€8,031
- Accrued charges and deferred income +€6,935
up €6,935 (+106%), from €6,518 to €13,453
- Other debts -€4,532
no longer reported in 2025 (was €4,532)
- Taxes +€17,910
up €17,910 (+214%), from €8,385 to €26,295
- Gross operating margin +€16,954
up €16,954 (+17.6%), from €96,107 to €113,061
- Depreciation -€13,266
down €13,266 (-52.8%), from €25,127 to €11,861
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 | €357,935 | €401,083 | +€43,148 | +12.1% |
| Fixed assets | 21/28 | €166,278 | €158,641 | -€7,637 | -4.6% |
| Tangible fixed assets | 22/27 | €166,278 | €158,641 | -€7,637 | -4.6% |
| Land and buildings | 22 | €161,196 | €153,802 | -€7,394 | -4.6% |
| Plant, machinery and equipment | 23 | €966 | €732 | -€234 | -24.2% |
| Furniture and vehicles | 24 | €4,116 | €4,107 | -€9 | -0.2% |
| Current assets | 29/58 | €191,656 | €242,442 | +€50,786 | +26.5% |
| Amounts receivable after more than one year | 29 | €18,665 | €18,665 | +€0 | 0.0% |
| Other amounts receivable | 291 | €18,665 | €18,665 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €26,516 | €9,904 | -€16,612 | -62.6% |
| Trade receivables | 40 | €5,838 | €100 | -€5,738 | -98.3% |
| Other amounts receivable | 41 | €20,677 | €9,804 | -€10,873 | -52.6% |
| Cash at bank and in hand | 54/58 | €145,650 | €213,873 | +€68,223 | +46.8% |
| Deferred charges and accrued income | 490/1 | €827 | - | -€827 | |
| Total equity and liabilities | 10/49 | €357,935 | €401,083 | +€43,148 | +12.1% |
| Equity | 10/15 | €295,758 | €362,954 | +€67,197 | +22.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €276,871 | €343,871 | +€67,000 | +24.2% |
| Non-distributable reserves | 130/1 | €5,962 | €5,962 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €5,962 | €5,962 | +€0 | 0.0% |
| Distributable reserves | 133 | €270,909 | €337,909 | +€67,000 | +24.7% |
| Profit (loss) carried forward | 14 | €6,487 | €6,683 | +€196 | +3.0% |
| Amounts payable | 17/49 | €62,177 | €38,129 | -€24,048 | -38.7% |
| Amounts payable within one year | 42/48 | €55,659 | €24,676 | -€30,983 | -55.7% |
| Trade debts | 44 | €34,173 | €626 | -€33,547 | -98.2% |
| Suppliers | 440/4 | €34,173 | €626 | -€33,547 | -98.2% |
| Taxes, remuneration and social security | 45 | €16,953 | €24,050 | +€7,097 | +41.9% |
| Taxes | 450/3 | €16,019 | €24,050 | +€8,031 | +50.1% |
| Remuneration and social security | 454/9 | €935 | - | -€935 | |
| Other amounts payable | 47/48 | €4,532 | - | -€4,532 | |
| Accrued charges and deferred income | 492/3 | €6,518 | €13,453 | +€6,935 | +106% |
| Non-recurring operating income | 76A | - | €6,518 | +€6,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,127 | €11,861 | -€13,266 | -52.8% |
| Other operating charges | 640/8 | €2,178 | €2,418 | +€240 | +11.0% |
| Non-recurring operating charges | 66A | - | €5,838 | +€5,838 | |
| Gross operating margin | 9900 | €96,107 | €113,061 | +€16,954 | +17.6% |
| Operating profit (loss) | 9901 | €68,802 | €92,944 | +€24,142 | +35.1% |
| Financial income | 75/76B | €630 | €1,469 | +€839 | +133% |
| Recurring financial income | 75 | €630 | €1,469 | +€839 | +133% |
| Financial charges | 65/66B | €96 | €922 | +€826 | +861% |
| Recurring financial charges | 65 | €96 | €922 | +€826 | +861% |
| Profit (loss) for the period before taxes | 9903 | €69,337 | €93,491 | +€24,154 | +34.8% |
| Income taxes | 67/77 | €8,385 | €26,295 | +€17,910 | +214% |
| Profit (loss) for the period | 9904 | €60,952 | €67,196 | +€6,244 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,952 | €67,196 | +€6,244 | +10.2% |
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 31 October 2026 via checked.be.