JV LEX: 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.
JV LEX
Largest movements
- Receivables within one year -€63,994
down €63,994 (-36.1%), from €177,080 to €113,086
of which Trade receivables: -€91,083
- Cash +€45,449
up €45,449 (+587.0%), from €7,742 to €53,191
mainly Receivables within one year (+€63,994) and Net result for the year (+€35,541)
- Profit (loss) carried forward +€35,541
up €35,541 (+757.3%), from €4,693 to €40,235
- Trade debts -€30,519
down €30,519 (-45.8%), from €66,637 to €36,118
- Other debts -€15,342
down €15,342 (-19.2%), from €80,101 to €64,759
- Tax, wage and social debts -€7,099
down €7,099 (-24.9%), from €28,540 to €21,440
of which Taxes: -€11,377
- Gross operating margin +€112,436
up €112,436 (+300.5%), from €37,410 to €149,846
- Staff costs +€76,237
up €76,237 (+291.4%), from €26,162 to €102,399
- Financial charges +€7,446
up €7,446 (+290.8%), from €2,560 to €10,006
- Taxes -€3,075
no longer reported in 2025 (was €3,075)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,971 | €167,552 | -€17,419 | -9.4% |
| Fixed assets | 21/28 | - | €1,090 | +€1,090 | |
| Tangible fixed assets | 22/27 | - | €1,090 | +€1,090 | |
| Furniture and vehicles | 24 | - | €1,090 | +€1,090 | |
| Current assets | 29/58 | €184,971 | €166,462 | -€18,509 | -10.0% |
| Amounts receivable within one year | 40/41 | €177,080 | €113,086 | -€63,994 | -36.1% |
| Trade receivables | 40 | €166,529 | €75,446 | -€91,083 | -54.7% |
| Other amounts receivable | 41 | €10,551 | €37,640 | +€27,089 | +256.7% |
| Cash at bank and in hand | 54/58 | €7,742 | €53,191 | +€45,449 | +587.0% |
| Deferred charges and accrued income | 490/1 | €149 | €185 | +€36 | +24.1% |
| Total equity and liabilities | 10/49 | €184,971 | €167,552 | -€17,419 | -9.4% |
| Equity | 10/15 | €9,693 | €45,235 | +€35,541 | +366.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,693 | €40,235 | +€35,541 | +757.3% |
| Amounts payable | 17/49 | €175,278 | €122,318 | -€52,960 | -30.2% |
| Amounts payable within one year | 42/48 | €175,278 | €122,318 | -€52,960 | -30.2% |
| Trade debts | 44 | €66,637 | €36,118 | -€30,519 | -45.8% |
| Suppliers | 440/4 | €66,637 | €36,118 | -€30,519 | -45.8% |
| Taxes, remuneration and social security | 45 | €28,540 | €21,440 | -€7,099 | -24.9% |
| Taxes | 450/3 | €27,075 | €15,698 | -€11,377 | -42.0% |
| Remuneration and social security | 454/9 | €1,465 | €5,742 | +€4,278 | +292.1% |
| Other amounts payable | 47/48 | €80,101 | €64,759 | -€15,342 | -19.2% |
| Remuneration, social security and pensions | 62 | €26,162 | €102,399 | +€76,237 | +291.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €273 | +€273 | |
| Other operating charges | 640/8 | €920 | €955 | +€35 | +3.8% |
| Non-recurring operating charges | 66A | - | €674 | +€674 | |
| Gross operating margin | 9900 | €37,410 | €149,846 | +€112,436 | +300.5% |
| Operating profit (loss) | 9901 | €10,329 | €45,546 | +€35,217 | +341.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +655.6% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +655.6% |
| Financial charges | 65/66B | €2,560 | €10,006 | +€7,446 | +290.8% |
| Recurring financial charges | 65 | €2,560 | €10,006 | +€7,446 | +290.8% |
| Profit (loss) for the period before taxes | 9903 | €7,768 | €35,541 | +€27,773 | +357.5% |
| Income taxes | 67/77 | €3,075 | - | -€3,075 | |
| Profit (loss) for the period | 9904 | €4,693 | €35,541 | +€30,848 | +657.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,693 | €35,541 | +€30,848 | +657.3% |
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 9 October 2026 via checked.be.