JVB Holding: 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.
JVB Holding
Largest movements
- Cash +€56,257
up €56,257 (+385.4%), from €14,596 to €70,853
mainly Debts after one year (+€71,418) and Net result for the year (+€45,705)
- Tangible fixed assets +€51,514
new in 2025: €51,514
- Receivables within one year +€35,031
up €35,031 (+413.0%), from €8,482 to €43,513
of which Trade receivables: +€28,464
- Debts after one year +€71,418
new in 2025: €71,418
- Reserves +€45,705
up €45,705 (+303.7%), from €15,047 to €60,752
- Tax, wage and social debts +€17,670
up €17,670 (+388.4%), from €4,549 to €22,219
- Current portion of long-term debt +€5,028
new in 2025: €5,028
- Trade debts +€3,216
up €3,216 (+438.1%), from €734 to €3,950
- Gross operating margin +€42,757
up €42,757 (+219.3%), from €19,500 to €62,257
- Taxes +€9,215
up €9,215 (+226.3%), from €4,071 to €13,286
- Financial charges +€1,123
up €1,123 (+4933.7%), from €23 to €1,146
- Other operating charges +€1,052
up €1,052 (+293.1%), from €359 to €1,411
- Depreciation +€886
new in 2025: €886
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 | €23,077 | €165,900 | +€142,823 | +618.9% |
| Fixed assets | 21/28 | - | €51,514 | +€51,514 | |
| Tangible fixed assets | 22/27 | - | €51,514 | +€51,514 | |
| Land and buildings | 22 | - | €51,514 | +€51,514 | |
| Current assets | 29/58 | €23,077 | €114,386 | +€91,309 | +395.7% |
| Amounts receivable within one year | 40/41 | €8,482 | €43,513 | +€35,031 | +413.0% |
| Trade receivables | 40 | €8,470 | €36,934 | +€28,464 | +336.1% |
| Other amounts receivable | 41 | €12 | €6,579 | +€6,567 | +56861.3% |
| Cash at bank and in hand | 54/58 | €14,596 | €70,853 | +€56,257 | +385.4% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €23,077 | €165,900 | +€142,823 | +618.9% |
| Equity | 10/15 | €17,547 | €63,252 | +€45,705 | +260.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,047 | €60,752 | +€45,705 | +303.7% |
| Distributable reserves | 133 | €15,047 | €60,752 | +€45,705 | +303.7% |
| Amounts payable | 17/49 | €5,530 | €102,648 | +€97,118 | +1756.2% |
| Amounts payable after more than one year | 17 | - | €71,418 | +€71,418 | |
| Financial debts | 170/4 | - | €71,418 | +€71,418 | |
| Amounts payable within one year | 42/48 | €5,530 | €31,230 | +€25,700 | +464.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,028 | +€5,028 | |
| Financial debts | 43 | €152 | €34 | -€118 | -77.8% |
| Credit institutions | 430/8 | €152 | €34 | -€118 | -77.8% |
| Trade debts | 44 | €734 | €3,950 | +€3,216 | +438.1% |
| Suppliers | 440/4 | €734 | €3,950 | +€3,216 | +438.1% |
| Taxes, remuneration and social security | 45 | €4,549 | €22,219 | +€17,670 | +388.4% |
| Taxes | 450/3 | €4,549 | €22,219 | +€17,670 | +388.4% |
| Other amounts payable | 47/48 | €95 | €0 | -€95 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €886 | +€886 | |
| Other operating charges | 640/8 | €359 | €1,411 | +€1,052 | +293.1% |
| Gross operating margin | 9900 | €19,500 | €62,257 | +€42,757 | +219.3% |
| Operating profit (loss) | 9901 | €19,141 | €59,960 | +€40,819 | +213.3% |
| Financial income | 75/76B | - | €177 | +€177 | |
| Recurring financial income | 75 | - | €177 | +€177 | |
| Financial charges | 65/66B | €23 | €1,146 | +€1,123 | +4933.7% |
| Recurring financial charges | 65 | €23 | €1,146 | +€1,123 | +4933.7% |
| Profit (loss) for the period before taxes | 9903 | €19,118 | €58,991 | +€39,873 | +208.6% |
| Income taxes | 67/77 | €4,071 | €13,286 | +€9,215 | +226.3% |
| Profit (loss) for the period | 9904 | €15,047 | €45,705 | +€30,658 | +203.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,047 | €45,705 | +€30,658 | +203.7% |
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 12 October 2026 via checked.be.