JV SUPPLIES: 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 SUPPLIES
Largest movements
- Cash +€16,943
up €16,943 (+64.3%), from €26,331 to €43,274
mainly Receivables within one year (+€12,274) and Depreciation (+€5,719)
- Receivables within one year -€12,274
down €12,274 (-54.8%), from €22,413 to €10,139
of which Trade receivables: -€12,113
- Tangible fixed assets -€4,408
down €4,408 (-13.2%), from €33,345 to €28,938
of which Land and buildings: -€3,681
- Stocks and contracts +€2,500
new in 2025: €2,500
- Other debts +€4,175
up €4,175 (+535%), from €780 to €4,955
- Tax, wage and social debts -€1,991
down €1,991 (-58.1%), from €3,429 to €1,438
- Gross operating margin -€4,501
down €4,501 (-38.0%), from €11,843 to €7,342
- Taxes -€1,046
down €1,046 (-80.6%), from €1,298 to €252
- Write-downs -€652
down €652 (-100%), from €652 to €0
- Depreciation -€420
down €420 (-6.8%), from €6,139 to €5,719
- Financial charges +€173
up €173 (+224%), from €77 to €251
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 | €82,363 | €85,226 | +€2,863 | +3.5% |
| Fixed assets | 21/28 | €33,345 | €28,938 | -€4,408 | -13.2% |
| Tangible fixed assets | 22/27 | €33,345 | €28,938 | -€4,408 | -13.2% |
| Land and buildings | 22 | €29,653 | €25,972 | -€3,681 | -12.4% |
| Plant, machinery and equipment | 23 | €802 | €568 | -€235 | -29.3% |
| Furniture and vehicles | 24 | €2,890 | €2,398 | -€492 | -17.0% |
| Current assets | 29/58 | €49,018 | €56,288 | +€7,271 | +14.8% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €22,413 | €10,139 | -€12,274 | -54.8% |
| Trade receivables | 40 | €22,209 | €10,096 | -€12,113 | -54.5% |
| Other amounts receivable | 41 | €204 | €43 | -€161 | -78.9% |
| Cash at bank and in hand | 54/58 | €26,331 | €43,274 | +€16,943 | +64.3% |
| Deferred charges and accrued income | 490/1 | €274 | €376 | +€101 | +36.9% |
| Total equity and liabilities | 10/49 | €82,363 | €85,226 | +€2,863 | +3.5% |
| Equity | 10/15 | €77,828 | €78,150 | +€322 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,305 | €65,625 | +€320 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,445 | €63,765 | +€320 | +0.5% |
| Profit (loss) carried forward | 14 | €123 | €125 | +€2 | +1.5% |
| Amounts payable | 17/49 | €4,535 | €7,076 | +€2,541 | +56.0% |
| Amounts payable within one year | 42/48 | €4,535 | €6,880 | +€2,344 | +51.7% |
| Trade debts | 44 | €326 | €487 | +€160 | +49.2% |
| Suppliers | 440/4 | €326 | €487 | +€160 | +49.2% |
| Taxes, remuneration and social security | 45 | €3,429 | €1,438 | -€1,991 | -58.1% |
| Taxes | 450/3 | €3,429 | €1,438 | -€1,991 | -58.1% |
| Other amounts payable | 47/48 | €780 | €4,955 | +€4,175 | +535% |
| Accrued charges and deferred income | 492/3 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,139 | €5,719 | -€420 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €652 | €0 | -€652 | -100% |
| Other operating charges | 640/8 | €657 | €803 | +€146 | +22.2% |
| Gross operating margin | 9900 | €11,843 | €7,342 | -€4,501 | -38.0% |
| Operating profit (loss) | 9901 | €4,394 | €820 | -€3,574 | -81.3% |
| Financial income | 75/76B | €0 | €5 | +€5 | +25,400% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +25,400% |
| Financial charges | 65/66B | €77 | €251 | +€173 | +224% |
| Recurring financial charges | 65 | €77 | €251 | +€173 | +224% |
| Profit (loss) for the period before taxes | 9903 | €4,317 | €574 | -€3,743 | -86.7% |
| Income taxes | 67/77 | €1,298 | €252 | -€1,046 | -80.6% |
| Profit (loss) for the period | 9904 | €3,018 | €322 | -€2,696 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,018 | €322 | -€2,696 | -89.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.