JV Services: what changed
What changed
JV Services
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€205,174
2024 · €191,291+€13,883
Equity
€716,615
2024 · €511,441+€205,174
Cash
€660,379
2024 · €456,360+€204,019
Balance sheet total
€850,613
2024 · €662,813+€187,800
Largest movements
Assets
- Cash +€204,019
up €204,019 (+44.7%), from €456,360 to €660,379
mainly Net result for the year (+€205,174) and Depreciation (+€43,839)
- Tangible fixed assets -€40,044
down €40,044 (-23.0%), from €174,237 to €134,193
- Receivables within one year +€19,811
up €19,811 (+66.6%), from €29,768 to €49,579
of which Trade receivables: +€19,511
Equity and liabilities
- Profit (loss) carried forward +€205,174
up €205,174 (+40.6%), from €505,441 to €710,615
- Debts after one year -€23,938
down €23,938 (-43.1%), from €55,495 to €31,557
Income statement
- Gross operating margin +€29,531
up €29,531 (+10.2%), from €288,898 to €318,430
- Depreciation +€10,149
up €10,149 (+30.1%), from €33,690 to €43,839
- Taxes +€6,641
up €6,641 (+11.7%), from €56,979 to €63,620
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€191,291
Gross operating margin
+€29,531
Staff costs
+€86
Depreciation
-€10,149
Other operating charges
+€68
Financial income
+€266
Financial charges
+€722
Taxes
-€6,641
Result 2025
€205,174
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€231,402
Investment
-€3,655
Financing
-€23,728
Cash 2024
€456,360
From operations (derived)
+€231,402
Net result for the year
+€205,174
Depreciation
+€43,839
Receivables within one year
-€19,811
Deferred charges and accrued income
-€4,153
Trade debts
+€1,611
Tax, wage and social debts
+€7,528
Other debts
-€2,786
Investment (derived)
-€3,655
Investment in fixed assets (net)
-€3,655
Financing
-€23,728
Debts after one year
-€23,938
Current portion of long-term debt
+€211
Cash 2025
€660,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,813 | €850,613 | +€187,800 | +28.3% |
| Formation expenses | 20 | €140 | €0 | -€140 | -100% |
| Fixed assets | 21/28 | €174,237 | €134,193 | -€40,044 | -23.0% |
| Tangible fixed assets | 22/27 | €174,237 | €134,193 | -€40,044 | -23.0% |
| Plant, machinery and equipment | 23 | €82,534 | €63,049 | -€19,486 | -23.6% |
| Furniture and vehicles | 24 | €52,995 | €41,060 | -€11,935 | -22.5% |
| Leasing and similar rights | 25 | €38,707 | €30,085 | -€8,623 | -22.3% |
| Current assets | 29/58 | €488,436 | €716,420 | +€227,984 | +46.7% |
| Amounts receivable within one year | 40/41 | €29,768 | €49,579 | +€19,811 | +66.6% |
| Trade receivables | 40 | €25,279 | €44,790 | +€19,511 | +77.2% |
| Other amounts receivable | 41 | €4,489 | €4,790 | +€300 | +6.7% |
| Cash at bank and in hand | 54/58 | €456,360 | €660,379 | +€204,019 | +44.7% |
| Deferred charges and accrued income | 490/1 | €2,308 | €6,461 | +€4,153 | +180% |
| Total equity and liabilities | 10/49 | €662,813 | €850,613 | +€187,800 | +28.3% |
| Equity | 10/15 | €511,441 | €716,615 | +€205,174 | +40.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €505,441 | €710,615 | +€205,174 | +40.6% |
| Amounts payable | 17/49 | €151,372 | €133,997 | -€17,374 | -11.5% |
| Amounts payable after more than one year | 17 | €55,495 | €31,557 | -€23,938 | -43.1% |
| Financial debts | 170/4 | €55,495 | €31,557 | -€23,938 | -43.1% |
| Amounts payable within one year | 42/48 | €95,876 | €102,440 | +€6,564 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €23,728 | €23,938 | +€211 | +0.9% |
| Trade debts | 44 | €1,235 | €2,846 | +€1,611 | +130% |
| Suppliers | 440/4 | €1,235 | €2,846 | +€1,611 | +130% |
| Taxes, remuneration and social security | 45 | €17,522 | €25,050 | +€7,528 | +43.0% |
| Taxes | 450/3 | €16,522 | €24,050 | +€7,528 | +45.6% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €53,392 | €50,606 | -€2,786 | -5.2% |
| Non-recurring operating income | 76A | €4,721 | €0 | -€4,721 | -100% |
| Remuneration, social security and pensions | 62 | €399 | €313 | -€86 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,690 | €43,839 | +€10,149 | +30.1% |
| Other operating charges | 640/8 | €1,180 | €1,112 | -€68 | -5.8% |
| Gross operating margin | 9900 | €288,898 | €318,430 | +€29,531 | +10.2% |
| Operating profit (loss) | 9901 | €253,630 | €273,166 | +€19,537 | +7.7% |
| Financial income | 75/76B | €38 | €304 | +€266 | +699% |
| Recurring financial income | 75 | €38 | €304 | +€266 | +699% |
| Financial charges | 65/66B | €5,398 | €4,676 | -€722 | -13.4% |
| Recurring financial charges | 65 | €5,398 | €4,676 | -€722 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €248,270 | €268,794 | +€20,524 | +8.3% |
| Income taxes | 67/77 | €56,979 | €63,620 | +€6,641 | +11.7% |
| Profit (loss) for the period | 9904 | €191,291 | €205,174 | +€13,883 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €191,291 | €205,174 | +€13,883 | +7.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.