JVB Technics: 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 Technics
Largest movements
- Stocks and contracts +€100,000
new in 2025: €100,000
- Cash -€60,258
down €60,258 (-78.1%), from €77,131 to €16,873
mainly Stocks and contracts (-€100,000) and Receivables within one year (-€56,984)
- Receivables within one year +€56,984
up €56,984 (+70.7%), from €80,649 to €137,634
of which Trade receivables: +€49,466
- Tangible fixed assets -€29,301
down €29,301 (-46.8%), from €62,631 to €33,330
of which Furniture and vehicles: -€25,233
- Trade debts +€32,844
up €32,844 (+296.3%), from €11,083 to €43,927
- Reserves +€24,581
up €24,581 (+20.7%), from €118,706 to €143,286
of which Distributable reserves: +€24,581
- Other debts +€9,557
up €9,557 (+23.7%), from €40,395 to €49,952
- Gross operating margin -€80,576
down €80,576 (-30.7%), from €262,080 to €181,504
- Staff costs -€77,042
down €77,042 (-43.5%), from €177,232 to €100,189
- Depreciation +€3,743
up €3,743 (+12.6%), from €29,682 to €33,425
- Taxes -€2,840
down €2,840 (-12.8%), from €22,193 to €19,353
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 | €229,266 | €294,803 | +€65,537 | +28.6% |
| Fixed assets | 21/28 | €67,781 | €37,980 | -€29,801 | -44.0% |
| Intangible fixed assets | 21 | €1,000 | €500 | -€500 | -50.0% |
| Tangible fixed assets | 22/27 | €62,631 | €33,330 | -€29,301 | -46.8% |
| Plant, machinery and equipment | 23 | €6,591 | €2,523 | -€4,068 | -61.7% |
| Furniture and vehicles | 24 | €56,040 | €30,807 | -€25,233 | -45.0% |
| Financial fixed assets | 28 | €4,150 | €4,150 | = | 0.0% |
| Current assets | 29/58 | €161,485 | €256,823 | +€95,338 | +59.0% |
| Stocks and contracts in progress | 3 | - | €100,000 | +€100,000 | |
| Stocks | 30/36 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €80,649 | €137,634 | +€56,984 | +70.7% |
| Trade receivables | 40 | €68,982 | €118,448 | +€49,466 | +71.7% |
| Other amounts receivable | 41 | €11,668 | €19,186 | +€7,518 | +64.4% |
| Cash at bank and in hand | 54/58 | €77,131 | €16,873 | -€60,258 | -78.1% |
| Deferred charges and accrued income | 490/1 | €3,705 | €2,316 | -€1,389 | -37.5% |
| Total equity and liabilities | 10/49 | €229,266 | €294,803 | +€65,537 | +28.6% |
| Equity | 10/15 | €137,306 | €161,886 | +€24,581 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,706 | €143,286 | +€24,581 | +20.7% |
| 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 | €116,846 | €141,426 | +€24,581 | +21.0% |
| Amounts payable | 17/49 | €91,960 | €132,916 | +€40,956 | +44.5% |
| Amounts payable within one year | 42/48 | €91,960 | €132,916 | +€40,956 | +44.5% |
| Trade debts | 44 | €11,083 | €43,927 | +€32,844 | +296.3% |
| Suppliers | 440/4 | €11,083 | €43,927 | +€32,844 | +296.3% |
| Taxes, remuneration and social security | 45 | €40,482 | €39,037 | -€1,444 | -3.6% |
| Taxes | 450/3 | €22,893 | €32,849 | +€9,957 | +43.5% |
| Remuneration and social security | 454/9 | €17,589 | €6,188 | -€11,401 | -64.8% |
| Other amounts payable | 47/48 | €40,395 | €49,952 | +€9,557 | +23.7% |
| Remuneration, social security and pensions | 62 | €177,232 | €100,189 | -€77,042 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,682 | €33,425 | +€3,743 | +12.6% |
| Other operating charges | 640/8 | €2,439 | €3,472 | +€1,033 | +42.4% |
| Gross operating margin | 9900 | €262,080 | €181,504 | -€80,576 | -30.7% |
| Operating profit (loss) | 9901 | €52,728 | €44,417 | -€8,310 | -15.8% |
| Financial income | 75/76B | €2,281 | €171 | -€2,110 | -92.5% |
| Recurring financial income | 75 | €2,281 | €171 | -€2,110 | -92.5% |
| Financial charges | 65/66B | €759 | €655 | -€104 | -13.7% |
| Recurring financial charges | 65 | €759 | €655 | -€104 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €54,250 | €43,934 | -€10,316 | -19.0% |
| Income taxes | 67/77 | €22,193 | €19,353 | -€2,840 | -12.8% |
| Profit (loss) for the period | 9904 | €32,056 | €24,581 | -€7,476 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,056 | €24,581 | -€7,476 | -23.3% |
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 5 October 2026 via checked.be.