JV INVEST: what changed
JV INVEST
Largest movements
- Current investments +€400,000
up €400,000 (+133%), from €300,000 to €700,000
- Stocks and contracts -€98,974
down €98,974 (-38.0%), from €260,197 to €161,224
- Cash -€51,996
down €51,996 (-33.8%), from €153,932 to €101,935
mainly Current investments (-€400,000) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets -€14,725
down €14,725 (-23.1%), from €63,806 to €49,081
of which Furniture and vehicles: -€13,823
- Other debts +€205,321
up €205,321 (+404%), from €50,802 to €256,123
- Reserves +€12,737
up €12,737 (+1.8%), from €716,400 to €729,137
- Gross operating margin +€115,065
up €115,065 (+62.3%), from €184,702 to €299,768
- Taxes +€13,878
up €13,878 (+26.9%), from €51,623 to €65,501
- Depreciation +€7,065
up €7,065 (+92.2%), from €7,660 to €14,725
- Other operating charges +€6,746
up €6,746 (+95.8%), from €7,043 to €13,789
- Financial income +€3,770
up €3,770 (+53.6%), from €7,041 to €10,811
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 | €802,263 | €1,026,464 | +€224,201 | +27.9% |
| Fixed assets | 21/28 | €63,806 | €49,081 | -€14,725 | -23.1% |
| Tangible fixed assets | 22/27 | €63,806 | €49,081 | -€14,725 | -23.1% |
| Land and buildings | 22 | €826 | €126 | -€700 | -84.7% |
| Plant, machinery and equipment | 23 | €202 | €0 | -€202 | -100% |
| Furniture and vehicles | 24 | €62,778 | €48,955 | -€13,823 | -22.0% |
| Current assets | 29/58 | €738,458 | €977,383 | +€238,926 | +32.4% |
| Stocks and contracts in progress | 3 | €260,197 | €161,224 | -€98,974 | -38.0% |
| Stocks | 30/36 | €260,197 | €161,224 | -€98,974 | -38.0% |
| Amounts receivable within one year | 40/41 | €19,150 | €10,438 | -€8,713 | -45.5% |
| Trade receivables | 40 | €13,310 | €3,902 | -€9,408 | -70.7% |
| Other amounts receivable | 41 | €5,840 | €6,536 | +€696 | +11.9% |
| Current investments | 50/53 | €300,000 | €700,000 | +€400,000 | +133% |
| Cash at bank and in hand | 54/58 | €153,932 | €101,935 | -€51,996 | -33.8% |
| Deferred charges and accrued income | 490/1 | €5,179 | €3,787 | -€1,392 | -26.9% |
| Total equity and liabilities | 10/49 | €802,263 | €1,026,464 | +€224,201 | +27.9% |
| Equity | 10/15 | €736,400 | €749,137 | +€12,737 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €716,400 | €729,137 | +€12,737 | +1.8% |
| Distributable reserves | 133 | €716,400 | €729,137 | +€12,737 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,863 | €277,327 | +€211,464 | +321% |
| Amounts payable within one year | 42/48 | €60,719 | €272,668 | +€211,949 | +349% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,759 | €14,000 | +€8,241 | +143% |
| Suppliers | 440/4 | €5,759 | €14,000 | +€8,241 | +143% |
| Taxes, remuneration and social security | 45 | €4,158 | €2,544 | -€1,614 | -38.8% |
| Taxes | 450/3 | €1,658 | €44 | -€1,614 | -97.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €50,802 | €256,123 | +€205,321 | +404% |
| Accrued charges and deferred income | 492/3 | €5,144 | €4,660 | -€484 | -9.4% |
| Non-recurring operating income | 76A | €11,692 | €0 | -€11,692 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,660 | €14,725 | +€7,065 | +92.2% |
| Other operating charges | 640/8 | €7,043 | €13,789 | +€6,746 | +95.8% |
| Gross operating margin | 9900 | €184,702 | €299,768 | +€115,065 | +62.3% |
| Operating profit (loss) | 9901 | €170,000 | €271,254 | +€101,254 | +59.6% |
| Financial income | 75/76B | €7,041 | €10,811 | +€3,770 | +53.6% |
| Recurring financial income | 75 | €7,041 | €10,811 | +€3,770 | +53.6% |
| Financial charges | 65/66B | €2,736 | €3,828 | +€1,092 | +39.9% |
| Recurring financial charges | 65 | €2,736 | €3,828 | +€1,092 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €174,304 | €278,238 | +€103,933 | +59.6% |
| Income taxes | 67/77 | €51,623 | €65,501 | +€13,878 | +26.9% |
| Profit (loss) for the period | 9904 | €122,682 | €212,737 | +€90,055 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €122,682 | €212,737 | +€90,055 | +73.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.