JVB METAL: 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 METAL
Largest movements
- Receivables within one year +€24,805
up €24,805 (+10.2%), from €242,857 to €267,663
of which Trade receivables: +€21,052
- Deferred charges and accrued income -€3,821
down €3,821 (-76.1%), from €5,020 to €1,198
- Reserves +€9,600
up €9,600 (+7.6%), from €126,791 to €136,392
- Tax, wage and social debts +€7,774
up €7,774 (+155%), from €5,002 to €12,777
of which Remuneration and social security: +€5,955
- Debts after one year -€5,890
down €5,890 (-13.8%), from €42,745 to €36,855
- Current portion of long-term debt +€5,890
up €5,890 (+50.9%), from €11,572 to €17,462
- Trade debts -€4,153
down €4,153 (-13.1%), from €31,744 to €27,591
- Gross operating margin +€31,012
up €31,012 (+128%), from €24,235 to €55,247
- Staff costs +€18,078
up €18,078 (+109%), from €16,607 to €34,685
- Financial charges +€1,513
up €1,513 (+27.5%), from €5,503 to €7,016
- Taxes +€1,207
up €1,207 (+6,141%), from €20 to €1,226
- Depreciation -€1,113
down €1,113 (-49.3%), from €2,256 to €1,143
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 | €296,791 | €313,785 | +€16,994 | +5.7% |
| Fixed assets | 21/28 | €20,887 | €19,744 | -€1,143 | -5.5% |
| Tangible fixed assets | 22/27 | €3,385 | €2,242 | -€1,143 | -33.8% |
| Plant, machinery and equipment | 23 | €2,300 | €1,457 | -€843 | -36.7% |
| Furniture and vehicles | 24 | €1,085 | €785 | -€300 | -27.7% |
| Financial fixed assets | 28 | €17,502 | €17,502 | = | 0.0% |
| Current assets | 29/58 | €275,904 | €294,041 | +€18,137 | +6.6% |
| Stocks and contracts in progress | 3 | €25,425 | €23,580 | -€1,845 | -7.3% |
| Stocks | 30/36 | €25,425 | €23,580 | -€1,845 | -7.3% |
| Amounts receivable within one year | 40/41 | €242,857 | €267,663 | +€24,805 | +10.2% |
| Trade receivables | 40 | €25,815 | €46,867 | +€21,052 | +81.5% |
| Other amounts receivable | 41 | €217,042 | €220,796 | +€3,754 | +1.7% |
| Cash at bank and in hand | 54/58 | €2,601 | €1,599 | -€1,002 | -38.5% |
| Deferred charges and accrued income | 490/1 | €5,020 | €1,198 | -€3,821 | -76.1% |
| Total equity and liabilities | 10/49 | €296,791 | €313,785 | +€16,994 | +5.7% |
| Equity | 10/15 | €139,191 | €148,792 | +€9,600 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,791 | €136,392 | +€9,600 | +7.6% |
| Distributable reserves | 133 | €126,791 | €136,392 | +€9,600 | +7.6% |
| Amounts payable | 17/49 | €157,599 | €164,993 | +€7,394 | +4.7% |
| Amounts payable after more than one year | 17 | €42,745 | €36,855 | -€5,890 | -13.8% |
| Financial debts | 170/4 | €42,745 | €36,855 | -€5,890 | -13.8% |
| Amounts payable within one year | 42/48 | €109,335 | €120,633 | +€11,298 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €11,572 | €17,462 | +€5,890 | +50.9% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €31,744 | €27,591 | -€4,153 | -13.1% |
| Suppliers | 440/4 | €31,744 | €27,591 | -€4,153 | -13.1% |
| Taxes, remuneration and social security | 45 | €5,002 | €12,777 | +€7,774 | +155% |
| Taxes | 450/3 | €1,554 | €3,373 | +€1,820 | +117% |
| Remuneration and social security | 454/9 | €3,449 | €9,404 | +€5,955 | +173% |
| Other amounts payable | 47/48 | €11,017 | €12,803 | +€1,786 | +16.2% |
| Accrued charges and deferred income | 492/3 | €5,519 | €7,505 | +€1,986 | +36.0% |
| Remuneration, social security and pensions | 62 | €16,607 | €34,685 | +€18,078 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,256 | €1,143 | -€1,113 | -49.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €645 | - | -€645 | |
| Other operating charges | 640/8 | €1,194 | €1,589 | +€395 | +33.1% |
| Non-recurring operating charges | 66A | €311 | - | -€311 | |
| Gross operating margin | 9900 | €24,235 | €55,247 | +€31,012 | +128% |
| Operating profit (loss) | 9901 | €3,223 | €17,831 | +€14,608 | +453% |
| Financial income | 75/76B | €181 | €12 | -€169 | -93.3% |
| Recurring financial income | 75 | €181 | €12 | -€169 | -93.3% |
| Financial charges | 65/66B | €5,503 | €7,016 | +€1,513 | +27.5% |
| Recurring financial charges | 65 | €5,503 | €7,016 | +€1,513 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,099 | €10,826 | +€12,925 | |
| Income taxes | 67/77 | €20 | €1,226 | +€1,207 | +6,141% |
| Profit (loss) for the period | 9904 | -€2,119 | €9,600 | +€11,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,119 | €9,600 | +€11,719 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.