JVC: 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.
JVC
Largest movements
- Receivables within one year +€89,746
up €89,746 (+40.9%), from €219,641 to €309,387
of which Trade receivables: +€65,182
- Tangible fixed assets +€34,515
up €34,515 (+1.7%), from €2.1m to €2.1m
of which Land and buildings: +€36,089
- Other debts +€203,887
up €203,887 (+20.9%), from €974,103 to €1.2m
- Debts after one year -€197,807
down €197,807 (-15.2%), from €1.3m to €1.1m
- Trade debts +€110,420
up €110,420 (+475.1%), from €23,244 to €133,663
- Gross operating margin -€170,102
down €170,102 (-90.5%), from €187,892 to €17,791
- Financial income +€116,743
up €116,743 (+4141.0%), from €2,819 to €119,562
- Other operating charges -€35,954
down €35,954 (-76.2%), from €47,176 to €11,222
- Depreciation -€28,656
down €28,656 (-35.5%), from €80,805 to €52,149
- Financial charges -€23,163
down €23,163 (-30.2%), from €76,628 to €53,465
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 | €2,912,484 | €3,039,310 | +€126,826 | +4.4% |
| Fixed assets | 21/28 | €2,670,937 | €2,705,452 | +€34,515 | +1.3% |
| Tangible fixed assets | 22/27 | €2,069,152 | €2,103,666 | +€34,515 | +1.7% |
| Land and buildings | 22 | €2,048,336 | €2,084,425 | +€36,089 | +1.8% |
| Furniture and vehicles | 24 | €4,991 | €3,416 | -€1,575 | -31.6% |
| Other tangible fixed assets | 26 | €15,825 | €15,825 | = | 0.0% |
| Financial fixed assets | 28 | €601,786 | €601,786 | = | 0.0% |
| Current assets | 29/58 | €241,547 | €333,858 | +€92,311 | +38.2% |
| Amounts receivable within one year | 40/41 | €219,641 | €309,387 | +€89,746 | +40.9% |
| Trade receivables | 40 | €219,641 | €284,823 | +€65,182 | +29.7% |
| Other amounts receivable | 41 | - | €24,564 | +€24,564 | |
| Cash at bank and in hand | 54/58 | €21,906 | €3,294 | -€18,612 | -85.0% |
| Deferred charges and accrued income | 490/1 | - | €21,177 | +€21,177 | |
| Total equity and liabilities | 10/49 | €2,912,484 | €3,039,310 | +€126,826 | +4.4% |
| Equity | 10/15 | €381,111 | €397,946 | +€16,835 | +4.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €257,164 | €274,000 | +€16,835 | +6.5% |
| Non-distributable reserves | 130/1 | €12,395 | €0 | -€12,395 | -100.0% |
| Reserves not available under the articles | 1311 | €12,395 | €0 | -€12,395 | -100.0% |
| Distributable reserves | 133 | €244,770 | €274,000 | +€29,230 | +11.9% |
| Amounts payable | 17/49 | €2,531,373 | €2,641,364 | +€109,991 | +4.3% |
| Amounts payable after more than one year | 17 | €1,304,225 | €1,106,418 | -€197,807 | -15.2% |
| Financial debts | 170/4 | €1,304,225 | €1,106,418 | -€197,807 | -15.2% |
| Amounts payable within one year | 42/48 | €1,227,147 | €1,531,775 | +€304,628 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €203,515 | €203,305 | -€210 | -0.1% |
| Trade debts | 44 | €23,244 | €133,663 | +€110,420 | +475.1% |
| Suppliers | 440/4 | €23,244 | €133,663 | +€110,420 | +475.1% |
| Advances received on contracts in progress | 46 | - | €7,354 | +€7,354 | |
| Taxes, remuneration and social security | 45 | €26,286 | €9,463 | -€16,823 | -64.0% |
| Taxes | 450/3 | €26,286 | €9,463 | -€16,823 | -64.0% |
| Other amounts payable | 47/48 | €974,103 | €1,177,990 | +€203,887 | +20.9% |
| Accrued charges and deferred income | 492/3 | - | €3,170 | +€3,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,805 | €52,149 | -€28,656 | -35.5% |
| Other operating charges | 640/8 | €47,176 | €11,222 | -€35,954 | -76.2% |
| Non-recurring operating charges | 66A | €7,164 | €0 | -€7,164 | -100.0% |
| Gross operating margin | 9900 | €187,892 | €17,791 | -€170,102 | -90.5% |
| Operating profit (loss) | 9901 | €52,747 | -€45,580 | -€98,327 | |
| Financial income | 75/76B | €2,819 | €119,562 | +€116,743 | +4141.0% |
| Recurring financial income | 75 | €2,819 | €119,562 | +€116,743 | +4141.0% |
| Financial charges | 65/66B | €76,628 | €53,465 | -€23,163 | -30.2% |
| Recurring financial charges | 65 | €76,628 | €53,465 | -€23,163 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,062 | €20,517 | +€41,579 | |
| Income taxes | 67/77 | €662 | €3,682 | +€3,020 | +456.1% |
| Profit (loss) for the period | 9904 | -€21,724 | €16,835 | +€38,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,724 | €16,835 | +€38,559 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.