JV Consult: 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 Consult
Largest movements
- Receivables within one year +€247,465
up €247,465 (+284%), from €87,014 to €334,478
of which Other amounts receivable: +€216,673
- Cash -€131,745
down €131,745 (-83.3%), from €158,137 to €26,392
mainly Receivables within one year (-€247,465) and Current investments (-€125,000)
- Current investments +€125,000
new in 2025: €125,000
- Short-term financial debts +€122,760
up €122,760 (+2,079%), from €5,904 to €128,665
of which Credit institutions: +€122,471
- Other debts +€49,952
up €49,952 (+274%), from €18,215 to €68,166
- Reserves +€41,556
up €41,556 (+69.4%), from €59,841 to €101,396
- Trade debts +€19,575
up €19,575 (+267%), from €7,322 to €26,898
- Tax, wage and social debts +€6,342
up €6,342 (+62.0%), from €10,231 to €16,573
- Write-downs +€8,414
new in 2025: €8,414
- Gross operating margin -€5,712
down €5,712 (-7.1%), from €80,558 to €74,846
- Financial charges +€1,343
up €1,343 (+35.2%), from €3,819 to €5,162
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 | €262,412 | €500,019 | +€237,606 | +90.5% |
| Fixed assets | 21/28 | €17,262 | €14,148 | -€3,114 | -18.0% |
| Intangible fixed assets | 21 | €19 | €0 | -€19 | -100% |
| Tangible fixed assets | 22/27 | €12,242 | €9,147 | -€3,095 | -25.3% |
| Furniture and vehicles | 24 | €2,213 | €1,760 | -€453 | -20.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €10,029 | €7,387 | -€2,642 | -26.3% |
| Financial fixed assets | 28 | €5,001 | €5,001 | = | 0.0% |
| Current assets | 29/58 | €245,151 | €485,871 | +€240,720 | +98.2% |
| Amounts receivable within one year | 40/41 | €87,014 | €334,478 | +€247,465 | +284% |
| Trade receivables | 40 | €86,174 | €116,965 | +€30,791 | +35.7% |
| Other amounts receivable | 41 | €840 | €217,513 | +€216,673 | +25,794% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €158,137 | €26,392 | -€131,745 | -83.3% |
| Total equity and liabilities | 10/49 | €262,412 | €500,019 | +€237,606 | +90.5% |
| Equity | 10/15 | €60,841 | €102,396 | +€41,556 | +68.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,841 | €101,396 | +€41,556 | +69.4% |
| Distributable reserves | 133 | €59,841 | €101,396 | +€41,556 | +69.4% |
| Provisions and deferred taxes | 16 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Other liabilities and charges | 164/5 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Amounts payable | 17/49 | €198,072 | €392,122 | +€194,051 | +98.0% |
| Amounts payable after more than one year | 17 | €15,793 | €11,142 | -€4,651 | -29.5% |
| Financial debts | 170/4 | €15,793 | €11,142 | -€4,651 | -29.5% |
| Amounts payable within one year | 42/48 | €182,279 | €380,980 | +€198,702 | +109% |
| Current portion of amounts payable after more than one year | 42 | €4,579 | €4,651 | +€73 | +1.6% |
| Financial debts | 43 | €5,904 | €128,665 | +€122,760 | +2,079% |
| Credit institutions | 430/8 | €5,904 | €128,376 | +€122,471 | +2,074% |
| Other loans | 439 | - | €289 | +€289 | |
| Trade debts | 44 | €7,322 | €26,898 | +€19,575 | +267% |
| Suppliers | 440/4 | €7,322 | €26,898 | +€19,575 | +267% |
| Advances received on contracts in progress | 46 | €136,027 | €136,027 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,231 | €16,573 | +€6,342 | +62.0% |
| Taxes | 450/3 | €10,231 | €16,573 | +€6,342 | +62.0% |
| Other amounts payable | 47/48 | €18,215 | €68,166 | +€49,952 | +274% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,833 | €3,114 | +€281 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,414 | +€8,414 | |
| Other operating charges | 640/8 | €1,869 | €1,513 | -€356 | -19.0% |
| Gross operating margin | 9900 | €80,558 | €74,846 | -€5,712 | -7.1% |
| Operating profit (loss) | 9901 | €75,856 | €61,805 | -€14,051 | -18.5% |
| Financial income | 75/76B | €32 | €291 | +€259 | +813% |
| Recurring financial income | 75 | €32 | €291 | +€259 | +813% |
| Financial charges | 65/66B | €3,819 | €5,162 | +€1,343 | +35.2% |
| Recurring financial charges | 65 | €3,819 | €5,162 | +€1,343 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €72,069 | €56,934 | -€15,135 | -21.0% |
| Income taxes | 67/77 | €14,577 | €15,379 | +€801 | +5.5% |
| Profit (loss) for the period | 9904 | €57,492 | €41,556 | -€15,936 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,492 | €41,556 | -€15,936 | -27.7% |
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.