JV INNOVATION: 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 INNOVATION
Largest movements
- Cash +€20,735
up €20,735 (+98.6%), from €21,022 to €41,757
mainly Net result for the year (+€21,067) and Depreciation (+€5,612)
- Tangible fixed assets -€5,612
down €5,612 (-48.5%), from €11,581 to €5,969
- Deferred charges and accrued income -€3,606
down €3,606 (-88.8%), from €4,059 to €453
- Receivables within one year +€2,180
up €2,180 (+18.9%), from €11,518 to €13,698
of which Trade receivables: +€3,527
- Profit (loss) carried forward +€21,067
new in 2025: €21,067
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Debts after one year -€3,458
down €3,458 (-85.4%), from €4,050 to €592
- Tax, wage and social debts -€888
down €888 (-13.6%), from €6,527 to €5,638
- Trade debts +€824
up €824 (+179%), from €460 to €1,284
- Gross operating margin -€20,278
down €20,278 (-35.6%), from €56,923 to €36,646
- Taxes -€4,203
down €4,203 (-35.5%), from €11,823 to €7,620
- Depreciation -€2,338
down €2,338 (-29.4%), from €7,950 to €5,612
- Financial charges -€1,908
down €1,908 (-51.6%), from €3,697 to €1,789
- Other operating charges +€720
new in 2025: €720
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 | €48,179 | €61,876 | +€13,697 | +28.4% |
| Fixed assets | 21/28 | €11,581 | €5,969 | -€5,612 | -48.5% |
| Tangible fixed assets | 22/27 | €11,581 | €5,969 | -€5,612 | -48.5% |
| Furniture and vehicles | 24 | €11,581 | €5,969 | -€5,612 | -48.5% |
| Current assets | 29/58 | €36,598 | €55,908 | +€19,309 | +52.8% |
| Amounts receivable within one year | 40/41 | €11,518 | €13,698 | +€2,180 | +18.9% |
| Trade receivables | 40 | €7,841 | €11,368 | +€3,527 | +45.0% |
| Other amounts receivable | 41 | €3,677 | €2,330 | -€1,347 | -36.6% |
| Cash at bank and in hand | 54/58 | €21,022 | €41,757 | +€20,735 | +98.6% |
| Deferred charges and accrued income | 490/1 | €4,059 | €453 | -€3,606 | -88.8% |
| Total equity and liabilities | 10/49 | €48,179 | €61,876 | +€13,697 | +28.4% |
| Equity | 10/15 | €29,837 | €50,904 | +€21,067 | +70.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €27,837 | €27,837 | +€0 | 0.0% |
| Distributable reserves | 133 | €27,837 | €27,837 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €21,067 | +€21,067 | |
| Amounts payable | 17/49 | €18,342 | €10,972 | -€7,370 | -40.2% |
| Amounts payable after more than one year | 17 | €4,050 | €592 | -€3,458 | -85.4% |
| Financial debts | 170/4 | €4,050 | €592 | -€3,458 | -85.4% |
| Amounts payable within one year | 42/48 | €14,293 | €10,381 | -€3,912 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €3,306 | €3,458 | +€152 | +4.6% |
| Trade debts | 44 | €460 | €1,284 | +€824 | +179% |
| Suppliers | 440/4 | €460 | €1,284 | +€824 | +179% |
| Taxes, remuneration and social security | 45 | €6,527 | €5,638 | -€888 | -13.6% |
| Taxes | 450/3 | €6,527 | €5,638 | -€888 | -13.6% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,950 | €5,612 | -€2,338 | -29.4% |
| Other operating charges | 640/8 | - | €720 | +€720 | |
| Gross operating margin | 9900 | €56,923 | €36,646 | -€20,278 | -35.6% |
| Operating profit (loss) | 9901 | €48,973 | €30,314 | -€18,660 | -38.1% |
| Financial income | 75/76B | €97 | €163 | +€66 | +67.5% |
| Recurring financial income | 75 | €97 | €163 | +€66 | +67.5% |
| Financial charges | 65/66B | €3,697 | €1,789 | -€1,908 | -51.6% |
| Recurring financial charges | 65 | €3,697 | €1,789 | -€1,908 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €45,374 | €28,687 | -€16,687 | -36.8% |
| Income taxes | 67/77 | €11,823 | €7,620 | -€4,203 | -35.5% |
| Profit (loss) for the period | 9904 | €33,551 | €21,067 | -€12,484 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,551 | €21,067 | -€12,484 | -37.2% |
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 26 October 2026 via checked.be.