JV Sales: 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 Sales
Largest movements
- Cash +€53,260
up €53,260 (+119%), from €44,879 to €98,139
mainly Net result for the year (+€59,488) and Depreciation (+€11,106)
- Receivables within one year +€4,864
up €4,864 (+138%), from €3,526 to €8,390
of which Other amounts receivable: +€6,010
- Tangible fixed assets -€2,392
down €2,392 (-6.4%), from €37,598 to €35,206
of which Furniture and vehicles: -€7,752
- Profit (loss) carried forward +€57,822
up €57,822 (+124%), from €46,588 to €104,410
- Debts after one year -€6,961
down €6,961 (-35.0%), from €19,876 to €12,915
- Tax, wage and social debts +€5,930
up €5,930 (+141%), from €4,212 to €10,142
- Other debts -€1,770
down €1,770 (-51.5%), from €3,436 to €1,666
- Gross operating margin +€37,666
up €37,666 (+74.3%), from €50,728 to €88,394
- Taxes +€8,110
up €8,110 (+99.3%), from €8,167 to €16,277
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 | €87,279 | €143,029 | +€55,749 | +63.9% |
| Fixed assets | 21/28 | €37,598 | €35,206 | -€2,392 | -6.4% |
| Tangible fixed assets | 22/27 | €37,598 | €35,206 | -€2,392 | -6.4% |
| Furniture and vehicles | 24 | €35,328 | €27,575 | -€7,752 | -21.9% |
| Other tangible fixed assets | 26 | €2,270 | €7,630 | +€5,361 | +236% |
| Current assets | 29/58 | €49,682 | €107,823 | +€58,141 | +117% |
| Amounts receivable within one year | 40/41 | €3,526 | €8,390 | +€4,864 | +138% |
| Trade receivables | 40 | €1,146 | - | -€1,146 | |
| Other amounts receivable | 41 | €2,379 | €8,390 | +€6,010 | +253% |
| Cash at bank and in hand | 54/58 | €44,879 | €98,139 | +€53,260 | +119% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,294 | +€17 | +1.4% |
| Total equity and liabilities | 10/49 | €87,279 | €143,029 | +€55,749 | +63.9% |
| Equity | 10/15 | €49,088 | €106,910 | +€57,822 | +118% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,588 | €104,410 | +€57,822 | +124% |
| Amounts payable | 17/49 | €38,191 | €36,118 | -€2,073 | -5.4% |
| Amounts payable after more than one year | 17 | €19,876 | €12,915 | -€6,961 | -35.0% |
| Financial debts | 170/4 | €19,876 | €12,915 | -€6,961 | -35.0% |
| Amounts payable within one year | 42/48 | €14,914 | €18,838 | +€3,924 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €6,672 | €6,961 | +€289 | +4.3% |
| Trade debts | 44 | €594 | €69 | -€526 | -88.4% |
| Suppliers | 440/4 | €594 | €69 | -€526 | -88.4% |
| Taxes, remuneration and social security | 45 | €4,212 | €10,142 | +€5,930 | +141% |
| Taxes | 450/3 | €4,212 | €10,142 | +€5,930 | +141% |
| Other amounts payable | 47/48 | €3,436 | €1,666 | -€1,770 | -51.5% |
| Accrued charges and deferred income | 492/3 | €3,400 | €4,365 | +€965 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,417 | €11,106 | +€688 | +6.6% |
| Other operating charges | 640/8 | €100 | €428 | +€328 | +327% |
| Gross operating margin | 9900 | €50,728 | €88,394 | +€37,666 | +74.3% |
| Operating profit (loss) | 9901 | €40,210 | €76,860 | +€36,650 | +91.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,375 | €1,098 | -€277 | -20.1% |
| Recurring financial charges | 65 | €1,375 | €1,098 | -€277 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €38,835 | €75,765 | +€36,929 | +95.1% |
| Income taxes | 67/77 | €8,167 | €16,277 | +€8,110 | +99.3% |
| Profit (loss) for the period | 9904 | €30,668 | €59,488 | +€28,819 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,668 | €59,488 | +€28,819 | +94.0% |
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 21 October 2026 via checked.be.