JV PAINTS: 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 PAINTS
Largest movements
- Tangible fixed assets +€57,902
up €57,902 (+40.9%), from €141,679 to €199,581
of which Furniture and vehicles: +€34,928
- Cash +€19,928
up €19,928 (+39.1%), from €50,967 to €70,895
mainly Net result for the year (+€92,574) and Depreciation (+€27,669)
- Reserves +€92,574
up €92,574 (+73.0%), from €126,732 to €219,305
- Tax, wage and social debts -€18,291
down €18,291 (-50.3%), from €36,352 to €18,062
of which Taxes: -€24,165
- Trade debts -€16,596
down €16,596 (-58.7%), from €28,256 to €11,660
- Debts after one year +€12,210
up €12,210 (+40.6%), from €30,089 to €42,299
- Current portion of long-term debt +€9,244
up €9,244 (+58.4%), from €15,816 to €25,060
- Staff costs +€58,848
up €58,848 (+127%), from €46,337 to €105,185
- Gross operating margin +€14,944
up €14,944 (+6.4%), from €231,832 to €246,776
- Taxes -€12,866
down €12,866 (-35.7%), from €36,049 to €23,183
- Depreciation +€8,858
up €8,858 (+47.1%), from €18,811 to €27,669
- Financial income +€4,987
up €4,987 (+539%), from €924 to €5,911
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 | €244,870 | €321,386 | +€76,515 | +31.2% |
| Fixed assets | 21/28 | €141,679 | €199,581 | +€57,902 | +40.9% |
| Tangible fixed assets | 22/27 | €141,679 | €199,581 | +€57,902 | +40.9% |
| Land and buildings | 22 | €89,062 | €113,590 | +€24,528 | +27.5% |
| Plant, machinery and equipment | 23 | €3,055 | €1,501 | -€1,554 | -50.9% |
| Furniture and vehicles | 24 | €49,563 | €84,490 | +€34,928 | +70.5% |
| Current assets | 29/58 | €103,191 | €121,804 | +€18,613 | +18.0% |
| Amounts receivable within one year | 40/41 | €52,224 | €49,911 | -€2,313 | -4.4% |
| Trade receivables | 40 | €41,623 | €5,846 | -€35,777 | -86.0% |
| Other amounts receivable | 41 | €10,601 | €44,065 | +€33,464 | +316% |
| Cash at bank and in hand | 54/58 | €50,967 | €70,895 | +€19,928 | +39.1% |
| Deferred charges and accrued income | 490/1 | - | €998 | +€998 | |
| Total equity and liabilities | 10/49 | €244,870 | €321,386 | +€76,515 | +31.2% |
| Equity | 10/15 | €131,732 | €224,305 | +€92,574 | +70.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €126,732 | €219,305 | +€92,574 | +73.0% |
| Distributable reserves | 133 | €126,732 | €219,305 | +€92,574 | +73.0% |
| Amounts payable | 17/49 | €113,139 | €97,080 | -€16,058 | -14.2% |
| Amounts payable after more than one year | 17 | €30,089 | €42,299 | +€12,210 | +40.6% |
| Financial debts | 170/4 | €30,089 | €42,299 | +€12,210 | +40.6% |
| Amounts payable within one year | 42/48 | €80,424 | €54,782 | -€25,643 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €15,816 | €25,060 | +€9,244 | +58.4% |
| Trade debts | 44 | €28,256 | €11,660 | -€16,596 | -58.7% |
| Suppliers | 440/4 | €28,256 | €11,660 | -€16,596 | -58.7% |
| Taxes, remuneration and social security | 45 | €36,352 | €18,062 | -€18,291 | -50.3% |
| Taxes | 450/3 | €33,349 | €9,184 | -€24,165 | -72.5% |
| Remuneration and social security | 454/9 | €3,004 | €8,878 | +€5,874 | +196% |
| Accrued charges and deferred income | 492/3 | €2,626 | €0 | -€2,626 | -100% |
| Remuneration, social security and pensions | 62 | €46,337 | €105,185 | +€58,848 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,811 | €27,669 | +€8,858 | +47.1% |
| Other operating charges | 640/8 | €1,082 | €1,819 | +€737 | +68.0% |
| Gross operating margin | 9900 | €231,832 | €246,776 | +€14,944 | +6.4% |
| Operating profit (loss) | 9901 | €165,602 | €112,103 | -€53,498 | -32.3% |
| Financial income | 75/76B | €924 | €5,911 | +€4,987 | +539% |
| Recurring financial income | 75 | €924 | €5,911 | +€4,987 | +539% |
| Financial charges | 65/66B | €3,746 | €2,258 | -€1,488 | -39.7% |
| Recurring financial charges | 65 | €3,746 | €2,258 | -€1,488 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €162,780 | €115,757 | -€47,024 | -28.9% |
| Income taxes | 67/77 | €36,049 | €23,183 | -€12,866 | -35.7% |
| Profit (loss) for the period | 9904 | €126,732 | €92,574 | -€34,158 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,732 | €92,574 | -€34,158 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.