JVB: what changed
Two fiscal 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.
JVB
Largest movements
- Receivables within one year +€36,372
up €36,372 (+46.4%), from €78,307 to €114,679
of which Other amounts receivable: +€54,195
- Tangible fixed assets -€35,867
down €35,867 (-18.0%), from €198,980 to €163,112
of which Land and buildings: -€33,704
- Cash +€12,939
up €12,939 (+219.6%), from €5,892 to €18,830
mainly Depreciation (+€35,867) and Net result for the year (+€20,701)
- Reserves +€20,701
up €20,701 (+24.5%), from €84,636 to €105,337
- Debts after one year -€9,922
down €9,922 (-5.8%), from €171,803 to €161,880
- Trade debts +€3,071
up €3,071 (+54.6%), from €5,621 to €8,692
- Depreciation +€32,232
up €32,232 (+886.7%), from €3,635 to €35,867
- Gross operating margin -€28,754
down €28,754 (-28.6%), from €100,477 to €71,723
- Taxes -€12,811
down €12,811 (-63.3%), from €20,242 to €7,431
- Financial charges +€3,416
up €3,416 (+86.7%), from €3,938 to €7,354
- Other operating charges +€1,890
up €1,890 (+340.3%), from €555 to €2,445
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.
Cash bridge derived
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 | €283,220 | €296,622 | +€13,401 | +4.7% |
| Fixed assets | 21/28 | €198,980 | €163,112 | -€35,867 | -18.0% |
| Tangible fixed assets | 22/27 | €198,980 | €163,112 | -€35,867 | -18.0% |
| Land and buildings | 22 | €184,548 | €150,844 | -€33,704 | -18.3% |
| Furniture and vehicles | 24 | €14,432 | €12,268 | -€2,163 | -15.0% |
| Current assets | 29/58 | €84,241 | €133,509 | +€49,269 | +58.5% |
| Amounts receivable within one year | 40/41 | €78,307 | €114,679 | +€36,372 | +46.4% |
| Trade receivables | 40 | €64,460 | €46,638 | -€17,823 | -27.6% |
| Other amounts receivable | 41 | €13,846 | €68,041 | +€54,195 | +391.4% |
| Cash at bank and in hand | 54/58 | €5,892 | €18,830 | +€12,939 | +219.6% |
| Deferred charges and accrued income | 490/1 | €42 | €0 | -€42 | -100.0% |
| Total equity and liabilities | 10/49 | €283,220 | €296,622 | +€13,401 | +4.7% |
| Equity | 10/15 | €86,636 | €107,337 | +€20,701 | +23.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €84,636 | €105,337 | +€20,701 | +24.5% |
| Distributable reserves | 133 | €84,636 | €105,337 | +€20,701 | +24.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €196,584 | €189,284 | -€7,300 | -3.7% |
| Amounts payable after more than one year | 17 | €171,803 | €161,880 | -€9,922 | -5.8% |
| Financial debts | 170/4 | €171,803 | €161,880 | -€9,922 | -5.8% |
| Amounts payable within one year | 42/48 | €22,850 | €27,404 | +€4,553 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €9,615 | €9,922 | +€308 | +3.2% |
| Trade debts | 44 | €5,621 | €8,692 | +€3,071 | +54.6% |
| Suppliers | 440/4 | €5,621 | €8,692 | +€3,071 | +54.6% |
| Taxes, remuneration and social security | 45 | €7,615 | €8,789 | +€1,174 | +15.4% |
| Taxes | 450/3 | €7,615 | €8,789 | +€1,174 | +15.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,931 | €0 | -€1,931 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,635 | €35,867 | +€32,232 | +886.7% |
| Other operating charges | 640/8 | €555 | €2,445 | +€1,890 | +340.3% |
| Gross operating margin | 9900 | €100,477 | €71,723 | -€28,754 | -28.6% |
| Operating profit (loss) | 9901 | €96,287 | €33,410 | -€62,876 | -65.3% |
| Financial income | 75/76B | €233 | €2,076 | +€1,843 | +790.9% |
| Recurring financial income | 75 | €233 | €2,076 | +€1,843 | +790.9% |
| Financial charges | 65/66B | €3,938 | €7,354 | +€3,416 | +86.7% |
| Recurring financial charges | 65 | €3,938 | €7,354 | +€3,416 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | €92,581 | €28,133 | -€64,449 | -69.6% |
| Income taxes | 67/77 | €20,242 | €7,431 | -€12,811 | -63.3% |
| Profit (loss) for the period | 9904 | €72,339 | €20,701 | -€51,638 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,339 | €20,701 | -€51,638 | -71.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.