JV CREATIONS: 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 CREATIONS
Largest movements
- Stocks and contracts -€6,496
down €6,496 (-27.5%), from €23,592 to €17,096
- Receivables within one year +€5,901
up €5,901 (+105%), from €5,637 to €11,539
of which Other amounts receivable: +€5,165
- Tangible fixed assets +€2,428
up €2,428 (+2.2%), from €111,666 to €114,094
of which Plant, machinery and equipment: +€17,826
- Intangible fixed assets -€1,751
down €1,751 (-69.5%), from €2,518 to €767
- Trade debts +€30,421
up €30,421 (+811%), from €3,751 to €34,171
- Debts after one year -€29,877
down €29,877 (-21.1%), from €141,721 to €111,844
- Other debts -€27,811
down €27,811 (-93.5%), from €29,745 to €1,934
- Tax, wage and social debts +€18,324
up €18,324 (+816%), from €2,247 to €20,571
of which Remuneration and social security: +€14,000
- Profit (loss) carried forward +€9,514
up €9,514 (+13.3%), from -€71,375 to -€61,861
- Gross operating margin +€27,224
up €27,224 (+287%), from €9,496 to €36,719
- Other operating charges -€5,478
down €5,478 (-71.4%), from €7,674 to €2,196
- Taxes +€1,920
up €1,920, from -€37 to €1,883
- Financial charges -€1,004
down €1,004 (-16.1%), from €6,231 to €5,227
- Financial income +€516
up €516 (+12,843%), from €4 to €520
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 | €145,692 | €145,893 | +€200 | +0.1% |
| Fixed assets | 21/28 | €114,244 | €114,921 | +€677 | +0.6% |
| Intangible fixed assets | 21 | €2,518 | €767 | -€1,751 | -69.5% |
| Tangible fixed assets | 22/27 | €111,666 | €114,094 | +€2,428 | +2.2% |
| Land and buildings | 22 | €90,082 | €86,114 | -€3,968 | -4.4% |
| Plant, machinery and equipment | 23 | €3,232 | €21,058 | +€17,826 | +552% |
| Furniture and vehicles | 24 | €18,352 | €6,922 | -€11,430 | -62.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €31,449 | €30,972 | -€477 | -1.5% |
| Stocks and contracts in progress | 3 | €23,592 | €17,096 | -€6,496 | -27.5% |
| Stocks | 30/36 | €23,592 | €17,096 | -€6,496 | -27.5% |
| Amounts receivable within one year | 40/41 | €5,637 | €11,539 | +€5,901 | +105% |
| Trade receivables | 40 | €5,637 | €6,374 | +€737 | +13.1% |
| Other amounts receivable | 41 | - | €5,165 | +€5,165 | |
| Cash at bank and in hand | 54/58 | €1,628 | €1,673 | +€44 | +2.7% |
| Deferred charges and accrued income | 490/1 | €591 | €664 | +€73 | +12.4% |
| Total equity and liabilities | 10/49 | €145,692 | €145,893 | +€200 | +0.1% |
| Equity | 10/15 | -€68,375 | -€58,861 | +€9,514 | +13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,375 | -€61,861 | +€9,514 | +13.3% |
| Amounts payable | 17/49 | €214,068 | €204,754 | -€9,314 | -4.4% |
| Amounts payable after more than one year | 17 | €141,721 | €111,844 | -€29,877 | -21.1% |
| Financial debts | 170/4 | €141,721 | €111,844 | -€29,877 | -21.1% |
| Amounts payable within one year | 42/48 | €72,346 | €90,304 | +€17,958 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €28,667 | €24,339 | -€4,328 | -15.1% |
| Financial debts | 43 | €7,937 | €9,289 | +€1,352 | +17.0% |
| Credit institutions | 430/8 | €7,937 | €9,289 | +€1,352 | +17.0% |
| Trade debts | 44 | €3,751 | €34,171 | +€30,421 | +811% |
| Suppliers | 440/4 | €3,751 | €34,171 | +€30,421 | +811% |
| Taxes, remuneration and social security | 45 | €2,247 | €20,571 | +€18,324 | +816% |
| Taxes | 450/3 | €2,247 | €6,571 | +€4,324 | +192% |
| Remuneration and social security | 454/9 | - | €14,000 | +€14,000 | |
| Other amounts payable | 47/48 | €29,745 | €1,934 | -€27,811 | -93.5% |
| Accrued charges and deferred income | 492/3 | - | €2,606 | +€2,606 | |
| Non-recurring operating income | 76A | - | €5,542 | +€5,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,636 | €18,419 | -€217 | -1.2% |
| Other operating charges | 640/8 | €7,674 | €2,196 | -€5,478 | -71.4% |
| Gross operating margin | 9900 | €9,496 | €36,719 | +€27,224 | +287% |
| Operating profit (loss) | 9901 | -€16,815 | €16,104 | +€32,918 | |
| Financial income | 75/76B | €4 | €520 | +€516 | +12,843% |
| Recurring financial income | 75 | €4 | €520 | +€516 | +12,843% |
| Financial charges | 65/66B | €6,231 | €5,227 | -€1,004 | -16.1% |
| Recurring financial charges | 65 | €6,231 | €5,227 | -€1,004 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,041 | €11,397 | +€34,439 | |
| Income taxes | 67/77 | -€37 | €1,883 | +€1,920 | |
| Profit (loss) for the period | 9904 | -€23,005 | €9,514 | +€32,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,005 | €9,514 | +€32,518 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.