JV DESIGN: what changed
JV DESIGN
Largest movements
- Tangible fixed assets -€8,200
down €8,200 (-4.7%), from €172,769 to €164,569
of which Land and buildings: -€7,557
- Receivables within one year -€3,533
down €3,533 (-23.1%), from €15,264 to €11,731
of which Trade receivables: -€4,747
- Cash -€2,039
down €2,039 (-19.2%), from €10,623 to €8,585
mainly Debts after one year (-€15,209) and Advances received (-€3,954)
- Debts after one year -€15,209
down €15,209 (-8.6%), from €177,162 to €161,953
of which Other amounts payable: -€7,622
- Profit (loss) carried forward +€7,813
new in 2025: €7,813
- Advances received -€3,954
down €3,954 (-100%), from €3,954 to €0
- Trade debts -€2,715
down €2,715 (-76.1%), from €3,567 to €851
- Depreciation -€8,336
down €8,336 (-50.4%), from €16,535 to €8,200
- Gross operating margin -€3,162
down €3,162 (-11.6%), from €27,373 to €24,211
- Financial charges -€2,444
down €2,444 (-31.4%), from €7,778 to €5,334
- Taxes +€1,320
up €1,320 (+186%), from €712 to €2,032
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,059 | €185,282 | -€13,776 | -6.9% |
| Fixed assets | 21/28 | €172,769 | €164,569 | -€8,200 | -4.7% |
| Tangible fixed assets | 22/27 | €172,769 | €164,569 | -€8,200 | -4.7% |
| Land and buildings | 22 | €171,960 | €164,404 | -€7,557 | -4.4% |
| Furniture and vehicles | 24 | €808 | €166 | -€643 | -79.5% |
| Current assets | 29/58 | €26,290 | €20,713 | -€5,577 | -21.2% |
| Amounts receivable within one year | 40/41 | €15,264 | €11,731 | -€3,533 | -23.1% |
| Trade receivables | 40 | €15,264 | €10,518 | -€4,747 | -31.1% |
| Other amounts receivable | 41 | - | €1,214 | +€1,214 | |
| Cash at bank and in hand | 54/58 | €10,623 | €8,585 | -€2,039 | -19.2% |
| Deferred charges and accrued income | 490/1 | €402 | €397 | -€5 | -1.3% |
| Total equity and liabilities | 10/49 | €199,059 | €185,282 | -€13,776 | -6.9% |
| Equity | 10/15 | €3,526 | €11,340 | +€7,813 | +222% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,526 | €1,526 | = | 0.0% |
| Distributable reserves | 133 | €1,526 | €1,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €7,813 | +€7,813 | |
| Amounts payable | 17/49 | €195,532 | €173,942 | -€21,590 | -11.0% |
| Amounts payable after more than one year | 17 | €177,162 | €161,953 | -€15,209 | -8.6% |
| Financial debts | 170/4 | €123,462 | €115,874 | -€7,587 | -6.1% |
| Other amounts payable | 178/9 | €53,701 | €46,079 | -€7,622 | -14.2% |
| Amounts payable within one year | 42/48 | €18,370 | €11,989 | -€6,381 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €7,282 | €7,587 | +€305 | +4.2% |
| Trade debts | 44 | €3,567 | €851 | -€2,715 | -76.1% |
| Suppliers | 440/4 | €3,567 | €851 | -€2,715 | -76.1% |
| Advances received on contracts in progress | 46 | €3,954 | €0 | -€3,954 | -100% |
| Taxes, remuneration and social security | 45 | €3,567 | €3,550 | -€17 | -0.5% |
| Taxes | 450/3 | €1,317 | €2,029 | +€712 | +54.1% |
| Remuneration and social security | 454/9 | €2,250 | €1,522 | -€728 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,535 | €8,200 | -€8,336 | -50.4% |
| Other operating charges | 640/8 | €1,129 | €1,151 | +€22 | +1.9% |
| Gross operating margin | 9900 | €27,373 | €24,211 | -€3,162 | -11.6% |
| Operating profit (loss) | 9901 | €9,709 | €14,860 | +€5,152 | +53.1% |
| Financial income | 75/76B | €307 | €319 | +€12 | +4.0% |
| Recurring financial income | 75 | €307 | €319 | +€12 | +4.0% |
| Financial charges | 65/66B | €7,778 | €5,334 | -€2,444 | -31.4% |
| Recurring financial charges | 65 | €7,778 | €5,334 | -€2,444 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €2,238 | €9,845 | +€7,608 | +340% |
| Income taxes | 67/77 | €712 | €2,032 | +€1,320 | +186% |
| Profit (loss) for the period | 9904 | €1,526 | €7,813 | +€6,287 | +412% |
| Profit (loss) for the period to be appropriated | 9905 | €1,526 | €7,813 | +€6,287 | +412% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.