JV EVENTS: what changed
Two fiscal 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.
What changed
JV EVENTS
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,257
2024 · €94,612-€95,869
Equity
€3.0m
2024 · €3.0m-€1,257
Cash
€17,326
2024 · €41,979-€24,654
Balance sheet total
€4.0m
2024 · €4.1m-€55,498
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Accrued charges and deferred income -€57,254
down €57,254 (-96.6%), from €59,292 to €2,038
Income statement
- Gross operating margin -€132,178
down €132,178 (-56.6%), from €233,604 to €101,426
- Taxes -€25,417
down €25,417 (-88.9%), from €28,590 to €3,173
- Financial charges -€12,907
down €12,907 (-15.8%), from €81,751 to €68,844
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.
Result 2024
€94,612
Gross operating margin
-€132,178
Depreciation
+€515
Other operating charges
-€1,838
Other operating items
-€693
Financial income
-€0
Financial charges
+€12,907
Taxes
+€25,417
Result 2025
-€1,257
Cash bridge derived
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.
From operations
-€25,346
Investment
+€693
Financing
€0
Cash 2024
€41,979
From operations (derived)
-€25,346
Net result for the year
-€1,257
Depreciation
+€27,241
Receivables within one year
+€1,756
Deferred charges and accrued income
+€1,155
Trade debts
-€3,455
Tax, wage and social debts
+€15,050
Other debts
-€8,582
Accrued charges and deferred income
-€57,254
Investment (derived)
+€693
Investment in fixed assets (net)
+€693
Cash 2025
€17,326
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,070,504 | €4,015,006 | -€55,498 | -1.4% |
| Fixed assets | 21/28 | €4,006,473 | €3,978,539 | -€27,934 | -0.7% |
| Tangible fixed assets | 22/27 | €113,275 | €85,342 | -€27,934 | -24.7% |
| Furniture and vehicles | 24 | €84,688 | €61,145 | -€23,543 | -27.8% |
| Other tangible fixed assets | 26 | €28,588 | €24,197 | -€4,391 | -15.4% |
| Financial fixed assets | 28 | €3,893,198 | €3,893,198 | = | 0.0% |
| Current assets | 29/58 | €64,031 | €36,466 | -€27,565 | -43.0% |
| Amounts receivable within one year | 40/41 | €18,166 | €16,410 | -€1,756 | -9.7% |
| Trade receivables | 40 | €149 | €0 | -€149 | -100.0% |
| Other amounts receivable | 41 | €18,017 | €16,410 | -€1,607 | -8.9% |
| Cash at bank and in hand | 54/58 | €41,979 | €17,326 | -€24,654 | -58.7% |
| Deferred charges and accrued income | 490/1 | €3,886 | €2,731 | -€1,155 | -29.7% |
| Total equity and liabilities | 10/49 | €4,070,504 | €4,015,006 | -€55,498 | -1.4% |
| Equity | 10/15 | €3,019,356 | €3,018,099 | -€1,257 | 0.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,133,328 | €1,133,328 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €1,103,328 | €1,103,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,586,028 | €1,584,771 | -€1,257 | -0.1% |
| Amounts payable | 17/49 | €1,051,148 | €996,907 | -€54,241 | -5.2% |
| Amounts payable within one year | 42/48 | €991,856 | €994,870 | +€3,013 | +0.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,772 | €6,317 | -€3,455 | -35.4% |
| Suppliers | 440/4 | €9,772 | €6,317 | -€3,455 | -35.4% |
| Taxes, remuneration and social security | 45 | €7,920 | €22,970 | +€15,050 | +190.0% |
| Taxes | 450/3 | €7,920 | €19,685 | +€11,765 | +148.5% |
| Remuneration and social security | 454/9 | - | €3,285 | +€3,285 | |
| Other amounts payable | 47/48 | €974,164 | €965,583 | -€8,582 | -0.9% |
| Accrued charges and deferred income | 492/3 | €59,292 | €2,038 | -€57,254 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,756 | €27,241 | -€515 | -1.9% |
| Other operating charges | 640/8 | €895 | €2,733 | +€1,838 | +205.2% |
| Non-recurring operating charges | 66A | - | €693 | +€693 | |
| Gross operating margin | 9900 | €233,604 | €101,426 | -€132,178 | -56.6% |
| Operating profit (loss) | 9901 | €204,953 | €70,760 | -€134,193 | -65.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €81,751 | €68,844 | -€12,907 | -15.8% |
| Recurring financial charges | 65 | €81,751 | €68,844 | -€12,907 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €123,202 | €1,916 | -€121,286 | -98.4% |
| Income taxes | 67/77 | €28,590 | €3,173 | -€25,417 | -88.9% |
| Profit (loss) for the period | 9904 | €94,612 | -€1,257 | -€95,869 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €94,612 | -€1,257 | -€95,869 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.