JV-INVEST: 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-INVEST
Largest movements
- Receivables within one year +€28,988
up €28,988 (+50.8%), from €57,009 to €85,997
of which Trade receivables: +€28,988
- Tangible fixed assets +€23,754
up €23,754 (+289%), from €8,233 to €31,987
of which Furniture and vehicles: +€26,253
- Cash +€5,024
up €5,024 (+269%), from €1,870 to €6,893
mainly Net result for the year (+€29,705) and Debts after one year (+€20,458)
- Reserves +€29,705
up €29,705 (+341%), from €8,716 to €38,421
- Debts after one year +€20,458
new in 2025: €20,458
- Other debts +€7,614
up €7,614 (+58.6%), from €13,000 to €20,614
- Current portion of long-term debt +€3,800
new in 2025: €3,800
- Trade debts -€1,932
down €1,932 (-4.7%), from €41,136 to €39,204
- Gross operating margin +€25,242
up €25,242 (+127%), from €19,916 to €45,158
- Taxes +€5,231
up €5,231 (+238%), from €2,195 to €7,426
- Depreciation +€2,364
up €2,364 (+57.2%), from €4,133 to €6,496
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 | €77,112 | €134,877 | +€57,765 | +74.9% |
| Fixed assets | 21/28 | €18,233 | €41,987 | +€23,754 | +130% |
| Tangible fixed assets | 22/27 | €8,233 | €31,987 | +€23,754 | +289% |
| Plant, machinery and equipment | 23 | €4,980 | €2,480 | -€2,500 | -50.2% |
| Furniture and vehicles | 24 | €3,253 | €29,507 | +€26,253 | +807% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €58,879 | €92,890 | +€34,011 | +57.8% |
| Amounts receivable within one year | 40/41 | €57,009 | €85,997 | +€28,988 | +50.8% |
| Trade receivables | 40 | €57,009 | €85,997 | +€28,988 | +50.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,870 | €6,893 | +€5,024 | +269% |
| Total equity and liabilities | 10/49 | €77,112 | €134,877 | +€57,765 | +74.9% |
| Equity | 10/15 | €11,216 | €40,921 | +€29,705 | +265% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,716 | €38,421 | +€29,705 | +341% |
| Distributable reserves | 133 | €8,716 | €38,421 | +€29,705 | +341% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €65,896 | €93,956 | +€28,060 | +42.6% |
| Amounts payable after more than one year | 17 | - | €20,458 | +€20,458 | |
| Financial debts | 170/4 | - | €20,458 | +€20,458 | |
| Amounts payable within one year | 42/48 | €65,896 | €73,499 | +€7,603 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,800 | +€3,800 | |
| Trade debts | 44 | €41,136 | €39,204 | -€1,932 | -4.7% |
| Suppliers | 440/4 | €41,136 | €39,204 | -€1,932 | -4.7% |
| Taxes, remuneration and social security | 45 | €11,760 | €9,881 | -€1,879 | -16.0% |
| Taxes | 450/3 | €11,738 | €9,881 | -€1,857 | -15.8% |
| Remuneration and social security | 454/9 | €22 | €0 | -€22 | -100% |
| Other amounts payable | 47/48 | €13,000 | €20,614 | +€7,614 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €6,496 | +€2,364 | +57.2% |
| Other operating charges | 640/8 | €844 | €1,007 | +€163 | +19.3% |
| Gross operating margin | 9900 | €19,916 | €45,158 | +€25,242 | +127% |
| Operating profit (loss) | 9901 | €14,938 | €37,654 | +€22,715 | +152% |
| Financial charges | 65/66B | €80 | €523 | +€443 | +555% |
| Recurring financial charges | 65 | €80 | €523 | +€443 | +555% |
| Profit (loss) for the period before taxes | 9903 | €14,859 | €37,131 | +€22,272 | +150% |
| Income taxes | 67/77 | €2,195 | €7,426 | +€5,231 | +238% |
| Profit (loss) for the period | 9904 | €12,664 | €29,705 | +€17,041 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €12,664 | €29,705 | +€17,041 | +135% |
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 28 October 2026 via checked.be.