JV Electric: 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 Electric
Largest movements
- Cash +€33,763
up €33,763 (+175%), from €19,257 to €53,021
mainly Net result for the year (+€27,276) and Depreciation (+€21,719)
- Intangible fixed assets -€12,000
down €12,000 (-12.5%), from €95,770 to €83,770
- Tangible fixed assets -€9,198
down €9,198 (-22.1%), from €41,538 to €32,340
of which Leasing and similar rights: -€5,146
- Receivables within one year -€4,281
down €4,281 (-11.2%), from €38,069 to €33,788
of which Trade receivables: -€4,795
- Reserves +€25,610
up €25,610 (+46.7%), from €54,832 to €80,442
- Debts after one year -€16,603
down €16,603 (-23.4%), from €70,870 to €54,267
- Trade debts +€15,408
up €15,408 (+82.2%), from €18,750 to €34,159
- Other debts -€13,361
down €13,361 (-26.2%), from €51,018 to €37,656
- Tax, wage and social debts -€2,468
down €2,468 (-18.0%), from €13,748 to €11,279
of which Taxes: -€2,468
- Write-downs +€5,837
new in 2025: €5,837
- Gross operating margin -€3,436
down €3,436 (-4.6%), from €74,958 to €71,523
- Taxes -€2,892
down €2,892 (-20.5%), from €14,083 to €11,191
- Depreciation +€1,073
up €1,073 (+5.2%), from €20,646 to €21,719
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 | €230,022 | €239,407 | +€9,384 | +4.1% |
| Fixed assets | 21/28 | €137,308 | €116,110 | -€21,198 | -15.4% |
| Intangible fixed assets | 21 | €95,770 | €83,770 | -€12,000 | -12.5% |
| Tangible fixed assets | 22/27 | €41,538 | €32,340 | -€9,198 | -22.1% |
| Plant, machinery and equipment | 23 | €4,023 | €2,382 | -€1,640 | -40.8% |
| Furniture and vehicles | 24 | €17,863 | €15,451 | -€2,412 | -13.5% |
| Leasing and similar rights | 25 | €19,652 | €14,507 | -€5,146 | -26.2% |
| Current assets | 29/58 | €92,714 | €123,297 | +€30,582 | +33.0% |
| Stocks and contracts in progress | 3 | €7,494 | €7,072 | -€422 | -5.6% |
| Stocks | 30/36 | €7,494 | €7,072 | -€422 | -5.6% |
| Amounts receivable within one year | 40/41 | €38,069 | €33,788 | -€4,281 | -11.2% |
| Trade receivables | 40 | €31,969 | €27,174 | -€4,795 | -15.0% |
| Other amounts receivable | 41 | €6,100 | €6,614 | +€514 | +8.4% |
| Cash at bank and in hand | 54/58 | €19,257 | €53,021 | +€33,763 | +175% |
| Deferred charges and accrued income | 490/1 | €27,895 | €29,416 | +€1,521 | +5.5% |
| Total equity and liabilities | 10/49 | €230,022 | €239,407 | +€9,384 | +4.1% |
| Equity | 10/15 | €59,832 | €85,442 | +€25,610 | +42.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,832 | €80,442 | +€25,610 | +46.7% |
| Distributable reserves | 133 | €54,832 | €80,442 | +€25,610 | +46.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,191 | €153,964 | -€16,226 | -9.5% |
| Amounts payable after more than one year | 17 | €70,870 | €54,267 | -€16,603 | -23.4% |
| Financial debts | 170/4 | €70,870 | €54,267 | -€16,603 | -23.4% |
| Amounts payable within one year | 42/48 | €99,320 | €99,697 | +€377 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €15,805 | €16,603 | +€798 | +5.1% |
| Trade debts | 44 | €18,750 | €34,159 | +€15,408 | +82.2% |
| Suppliers | 440/4 | €18,750 | €34,159 | +€15,408 | +82.2% |
| Taxes, remuneration and social security | 45 | €13,748 | €11,279 | -€2,468 | -18.0% |
| Taxes | 450/3 | €13,748 | €11,279 | -€2,468 | -18.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €51,018 | €37,656 | -€13,361 | -26.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,646 | €21,719 | +€1,073 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,837 | +€5,837 | |
| Other operating charges | 640/8 | €12 | €141 | +€129 | +1,071% |
| Non-recurring operating charges | 66A | €0 | €750 | +€750 | |
| Gross operating margin | 9900 | €74,958 | €71,523 | -€3,436 | -4.6% |
| Operating profit (loss) | 9901 | €54,300 | €43,075 | -€11,225 | -20.7% |
| Financial income | 75/76B | €1 | €95 | +€95 | +15,022% |
| Recurring financial income | 75 | €1 | €95 | +€95 | +15,022% |
| Financial charges | 65/66B | €5,355 | €4,703 | -€652 | -12.2% |
| Recurring financial charges | 65 | €5,355 | €4,703 | -€652 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €48,946 | €38,467 | -€10,479 | -21.4% |
| Income taxes | 67/77 | €14,083 | €11,191 | -€2,892 | -20.5% |
| Profit (loss) for the period | 9904 | €34,863 | €27,276 | -€7,587 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,863 | €27,276 | -€7,587 | -21.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.