JV-IT: 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-IT
Largest movements
- Cash -€5,724
down €5,724 (-29.9%), from €19,153 to €13,429
mainly Contributions, distributions and other (-€47,059) and Receivables within one year (-€3,722)
- Receivables within one year +€3,722
up €3,722 (+23.1%), from €16,135 to €19,857
of which Trade receivables: +€10,858
- Deferred charges and accrued income -€1,447
down €1,447 (-23.1%), from €6,256 to €4,810
- Tangible fixed assets +€564
up €564 (+37.4%), from €1,509 to €2,073
- Tax, wage and social debts +€12,294
up €12,294 (+90.3%), from €13,618 to €25,912
of which Taxes: +€17,609
- Profit (loss) carried forward -€12,066
down €12,066 (-97.3%), from €12,400 to €335
- Trade debts -€3,114
down €3,114 (-28.2%), from €11,036 to €7,922
- Gross operating margin +€25,728
up €25,728 (+110%), from €23,421 to €49,149
- Taxes +€5,766
up €5,766 (+112%), from €5,136 to €10,902
- Depreciation -€1,872
down €1,872 (-76.0%), from €2,464 to €592
- Other operating charges -€1,528
down €1,528 (-94.1%), from €1,624 to €96
- Financial charges +€586
up €586 (+29.6%), from €1,980 to €2,566
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 | €43,054 | €40,169 | -€2,885 | -6.7% |
| Fixed assets | 21/28 | €1,509 | €2,073 | +€564 | +37.4% |
| Tangible fixed assets | 22/27 | €1,509 | €2,073 | +€564 | +37.4% |
| Furniture and vehicles | 24 | €1,509 | €2,073 | +€564 | +37.4% |
| Current assets | 29/58 | €41,545 | €38,096 | -€3,449 | -8.3% |
| Amounts receivable within one year | 40/41 | €16,135 | €19,857 | +€3,722 | +23.1% |
| Trade receivables | 40 | €0 | €10,858 | +€10,858 | |
| Other amounts receivable | 41 | €16,135 | €9,000 | -€7,136 | -44.2% |
| Cash at bank and in hand | 54/58 | €19,153 | €13,429 | -€5,724 | -29.9% |
| Deferred charges and accrued income | 490/1 | €6,256 | €4,810 | -€1,447 | -23.1% |
| Total equity and liabilities | 10/49 | €43,054 | €40,169 | -€2,885 | -6.7% |
| Equity | 10/15 | €18,400 | €6,335 | -€12,066 | -65.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,400 | €335 | -€12,066 | -97.3% |
| Amounts payable | 17/49 | €24,654 | €33,834 | +€9,181 | +37.2% |
| Amounts payable within one year | 42/48 | €24,654 | €33,834 | +€9,181 | +37.2% |
| Trade debts | 44 | €11,036 | €7,922 | -€3,114 | -28.2% |
| Suppliers | 440/4 | €11,036 | €7,922 | -€3,114 | -28.2% |
| Taxes, remuneration and social security | 45 | €13,618 | €25,912 | +€12,294 | +90.3% |
| Taxes | 450/3 | €8,303 | €25,912 | +€17,609 | +212% |
| Remuneration and social security | 454/9 | €5,315 | - | -€5,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,464 | €592 | -€1,872 | -76.0% |
| Other operating charges | 640/8 | €1,624 | €96 | -€1,528 | -94.1% |
| Gross operating margin | 9900 | €23,421 | €49,149 | +€25,728 | +110% |
| Operating profit (loss) | 9901 | €19,334 | €48,461 | +€29,127 | +151% |
| Financial charges | 65/66B | €1,980 | €2,566 | +€586 | +29.6% |
| Recurring financial charges | 65 | €1,980 | €2,566 | +€586 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €17,354 | €45,895 | +€28,541 | +164% |
| Income taxes | 67/77 | €5,136 | €10,902 | +€5,766 | +112% |
| Profit (loss) for the period | 9904 | €12,218 | €34,993 | +€22,775 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €12,218 | €34,993 | +€22,775 | +186% |
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 18 October 2026 via checked.be.