JV Techservices: 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 Techservices
Largest movements
- Stocks and contracts +€50,000
new in 2025: €50,000
- Tangible fixed assets -€46,916
down €46,916 (-52.2%), from €89,893 to €42,977
of which Leasing and similar rights: -€43,770
- Cash -€29,524
down €29,524 (-30.2%), from €97,731 to €68,207
mainly Stocks and contracts (-€50,000) and Trade debts (-€15,608)
- Trade debts -€15,608
down €15,608 (-72.8%), from €21,447 to €5,839
- Debts after one year -€14,749
down €14,749 (-42.3%), from €34,845 to €20,096
- Reserves +€14,000
up €14,000 (+25.2%), from €55,574 to €69,574
of which Distributable reserves: +€14,000
- Current portion of long-term debt -€5,827
down €5,827 (-28.3%), from €20,576 to €14,749
- Tax, wage and social debts -€3,242
down €3,242 (-64.8%), from €5,000 to €1,758
- Gross operating margin -€45,555
down €45,555 (-44.0%), from €103,631 to €58,076
- Depreciation -€11,099
down €11,099 (-33.3%), from €33,343 to €22,244
- Taxes -€10,316
down €10,316 (-59.0%), from €17,498 to €7,182
- Financial charges -€2,993
down €2,993 (-20.4%), from €14,683 to €11,690
of which Financial charges: -€10,852
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 | €252,250 | €227,104 | -€25,146 | -10.0% |
| Fixed assets | 21/28 | €89,893 | €42,977 | -€46,916 | -52.2% |
| Tangible fixed assets | 22/27 | €89,893 | €42,977 | -€46,916 | -52.2% |
| Plant, machinery and equipment | 23 | €13,291 | €11,171 | -€2,120 | -16.0% |
| Furniture and vehicles | 24 | €4,307 | €3,281 | -€1,026 | -23.8% |
| Leasing and similar rights | 25 | €72,295 | €28,525 | -€43,770 | -60.5% |
| Current assets | 29/58 | €162,357 | €184,127 | +€21,770 | +13.4% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Stocks | 30/36 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €64,626 | €65,920 | +€1,294 | +2.0% |
| Trade receivables | 40 | €55,548 | €63,420 | +€7,872 | +14.2% |
| Other amounts receivable | 41 | €9,078 | €2,500 | -€6,578 | -72.5% |
| Cash at bank and in hand | 54/58 | €97,731 | €68,207 | -€29,524 | -30.2% |
| Total equity and liabilities | 10/49 | €252,250 | €227,104 | -€25,146 | -10.0% |
| Equity | 10/15 | €162,666 | €177,253 | +€14,587 | +9.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €55,574 | €69,574 | +€14,000 | +25.2% |
| Tax-exempt reserves | 132 | €574 | €574 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €69,000 | +€14,000 | +25.5% |
| Profit (loss) carried forward | 14 | €86,632 | €87,219 | +€587 | +0.7% |
| Amounts payable | 17/49 | €89,584 | €49,851 | -€39,733 | -44.4% |
| Amounts payable after more than one year | 17 | €34,845 | €20,096 | -€14,749 | -42.3% |
| Financial debts | 170/4 | €34,845 | €20,096 | -€14,749 | -42.3% |
| Amounts payable within one year | 42/48 | €54,739 | €29,755 | -€24,984 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €20,576 | €14,749 | -€5,827 | -28.3% |
| Financial debts | 43 | €6,974 | €5,776 | -€1,198 | -17.2% |
| Credit institutions | 430/8 | €6,974 | €5,776 | -€1,198 | -17.2% |
| Trade debts | 44 | €21,447 | €5,839 | -€15,608 | -72.8% |
| Suppliers | 440/4 | €21,447 | €5,839 | -€15,608 | -72.8% |
| Taxes, remuneration and social security | 45 | €5,000 | €1,758 | -€3,242 | -64.8% |
| Taxes | 450/3 | €5,000 | €1,758 | -€3,242 | -64.8% |
| Other amounts payable | 47/48 | €742 | €1,633 | +€891 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,343 | €22,244 | -€11,099 | -33.3% |
| Other operating charges | 640/8 | €2,848 | €2,581 | -€267 | -9.4% |
| Gross operating margin | 9900 | €103,631 | €58,076 | -€45,555 | -44.0% |
| Operating profit (loss) | 9901 | €67,440 | €33,251 | -€34,189 | -50.7% |
| Financial income | 75/76B | €270 | €208 | -€62 | -23.0% |
| Recurring financial income | 75 | €270 | €208 | -€62 | -23.0% |
| Financial charges | 65/66B | €14,683 | €11,690 | -€2,993 | -20.4% |
| Recurring financial charges | 65 | €14,683 | €3,831 | -€10,852 | -73.9% |
| Non-recurring financial charges | 66B | - | €7,859 | +€7,859 | |
| Profit (loss) for the period before taxes | 9903 | €53,027 | €21,769 | -€31,258 | -58.9% |
| Income taxes | 67/77 | €17,498 | €7,182 | -€10,316 | -59.0% |
| Profit (loss) for the period | 9904 | €35,529 | €14,587 | -€20,942 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,529 | €14,587 | -€20,942 | -58.9% |
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 23 October 2026 via checked.be.