JV LINE: 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 LINE
Largest movements
- Cash +€38,058
up €38,058 (+30.8%), from €123,403 to €161,461
mainly Other debts (+€124,674) and Net result for the year (+€43,250)
- Tangible fixed assets -€29,779
down €29,779 (-36.6%), from €81,275 to €51,497
of which Furniture and vehicles: -€32,406
- Current investments +€5,000
up €5,000 (+3.4%), from €145,000 to €150,000
- Other debts +€124,674
up €124,674 (+4,457%), from €2,797 to €127,471
- Reserves -€77,000
down €77,000 (-34.0%), from €226,500 to €149,500
- Tax, wage and social debts -€19,085
down €19,085 (-48.4%), from €39,425 to €20,340
- Debts after one year -€19,085
down €19,085 (-32.3%), from €59,085 to €40,000
of which Financial debts: -€19,085
- Profit (loss) carried forward -€4,750
down €4,750 (-93.1%), from €5,104 to €355
- Gross operating margin -€13,545
down €13,545 (-11.9%), from €113,368 to €99,823
- Taxes +€1,461
up €1,461 (+9.6%), from €15,198 to €16,659
- Financial income -€1,277
down €1,277 (-35.2%), from €3,628 to €2,351
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 | €390,817 | €402,048 | +€11,231 | +2.9% |
| Fixed assets | 21/28 | €91,275 | €61,497 | -€29,779 | -32.6% |
| Tangible fixed assets | 22/27 | €81,275 | €51,497 | -€29,779 | -36.6% |
| Plant, machinery and equipment | 23 | €886 | €3,513 | +€2,627 | +297% |
| Furniture and vehicles | 24 | €80,389 | €47,984 | -€32,406 | -40.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €299,542 | €340,552 | +€41,010 | +13.7% |
| Amounts receivable within one year | 40/41 | €27,331 | €24,606 | -€2,725 | -10.0% |
| Trade receivables | 40 | €22,331 | €20,856 | -€1,475 | -6.6% |
| Other amounts receivable | 41 | €5,000 | €3,750 | -€1,250 | -25.0% |
| Current investments | 50/53 | €145,000 | €150,000 | +€5,000 | +3.4% |
| Cash at bank and in hand | 54/58 | €123,403 | €161,461 | +€38,058 | +30.8% |
| Deferred charges and accrued income | 490/1 | €3,809 | €4,485 | +€676 | +17.7% |
| Total equity and liabilities | 10/49 | €390,817 | €402,048 | +€11,231 | +2.9% |
| Equity | 10/15 | €236,604 | €154,855 | -€81,750 | -34.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €226,500 | €149,500 | -€77,000 | -34.0% |
| Distributable reserves | 133 | €226,500 | €149,500 | -€77,000 | -34.0% |
| Profit (loss) carried forward | 14 | €5,104 | €355 | -€4,750 | -93.1% |
| Amounts payable | 17/49 | €154,213 | €247,194 | +€92,981 | +60.3% |
| Amounts payable after more than one year | 17 | €59,085 | €40,000 | -€19,085 | -32.3% |
| Financial debts | 170/4 | €44,085 | €25,000 | -€19,085 | -43.3% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,734 | €205,366 | +€111,631 | +119% |
| Current portion of amounts payable after more than one year | 42 | €35,192 | €39,085 | +€3,893 | +11.1% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €7,321 | €9,470 | +€2,149 | +29.4% |
| Suppliers | 440/4 | €7,321 | €9,470 | +€2,149 | +29.4% |
| Taxes, remuneration and social security | 45 | €39,425 | €20,340 | -€19,085 | -48.4% |
| Taxes | 450/3 | €39,425 | €20,340 | -€19,085 | -48.4% |
| Other amounts payable | 47/48 | €2,797 | €127,471 | +€124,674 | +4,457% |
| Accrued charges and deferred income | 492/3 | €1,394 | €1,828 | +€434 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,543 | €32,678 | +€134 | +0.4% |
| Other operating charges | 640/8 | €7,645 | €8,506 | +€861 | +11.3% |
| Gross operating margin | 9900 | €113,368 | €99,823 | -€13,545 | -11.9% |
| Operating profit (loss) | 9901 | €73,180 | €58,640 | -€14,540 | -19.9% |
| Financial income | 75/76B | €3,628 | €2,351 | -€1,277 | -35.2% |
| Recurring financial income | 75 | €3,628 | €2,351 | -€1,277 | -35.2% |
| Financial charges | 65/66B | €1,249 | €1,082 | -€167 | -13.4% |
| Recurring financial charges | 65 | €1,249 | €1,082 | -€167 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €75,559 | €59,909 | -€15,650 | -20.7% |
| Income taxes | 67/77 | €15,198 | €16,659 | +€1,461 | +9.6% |
| Profit (loss) for the period | 9904 | €60,361 | €43,250 | -€17,111 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,361 | €43,250 | -€17,111 | -28.3% |
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 13 October 2026 via checked.be.