JVCO Management Services: 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.
JVCO Management Services
Largest movements
- Receivables after one year +€50,550
up €50,550 (+14.3%), from €352,659 to €403,208
- Receivables within one year -€22,643
down €22,643 (-82.1%), from €27,575 to €4,932
of which Trade receivables: -€22,643
- Cash -€13,833
down €13,833 (-64.2%), from €21,535 to €7,702
mainly Receivables after one year (-€50,550) and Other debts (-€10,659)
- Deferred charges and accrued income +€4,481
up €4,481 (+564%), from €794 to €5,275
- Reserves +€31,705
up €31,705 (+8.5%), from €373,225 to €404,931
- Other debts -€10,659
down €10,659 (-100%), from €10,659 to €0
- Gross operating margin -€4,892
down €4,892 (-11.3%), from €43,354 to €38,462
- Financial income +€4,128
up €4,128 (+53.6%), from €7,700 to €11,828
- Other operating charges +€598
up €598 (+118%), from €509 to €1,107
- Taxes -€532
down €532 (-3.3%), from €16,215 to €15,683
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 | €407,677 | €426,307 | +€18,630 | +4.6% |
| Fixed assets | 21/28 | €5,115 | €5,190 | +€75 | +1.5% |
| Tangible fixed assets | 22/27 | €5,115 | €5,190 | +€75 | +1.5% |
| Plant, machinery and equipment | 23 | €2,118 | €1,481 | -€637 | -30.1% |
| Furniture and vehicles | 24 | - | €1,149 | +€1,149 | |
| Other tangible fixed assets | 26 | €2,996 | €2,560 | -€437 | -14.6% |
| Current assets | 29/58 | €402,563 | €421,118 | +€18,555 | +4.6% |
| Amounts receivable after more than one year | 29 | €352,659 | €403,208 | +€50,550 | +14.3% |
| Other amounts receivable | 291 | €352,659 | €403,208 | +€50,550 | +14.3% |
| Amounts receivable within one year | 40/41 | €27,575 | €4,932 | -€22,643 | -82.1% |
| Trade receivables | 40 | €22,643 | €0 | -€22,643 | -100% |
| Other amounts receivable | 41 | €4,932 | €4,932 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,535 | €7,702 | -€13,833 | -64.2% |
| Deferred charges and accrued income | 490/1 | €794 | €5,275 | +€4,481 | +564% |
| Total equity and liabilities | 10/49 | €407,677 | €426,307 | +€18,630 | +4.6% |
| Equity | 10/15 | €379,425 | €411,131 | +€31,705 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €373,225 | €404,931 | +€31,705 | +8.5% |
| Distributable reserves | 133 | €373,225 | €404,931 | +€31,705 | +8.5% |
| Amounts payable | 17/49 | €28,252 | €15,177 | -€13,075 | -46.3% |
| Amounts payable within one year | 42/48 | €28,142 | €15,066 | -€13,075 | -46.5% |
| Trade debts | 44 | €148 | €991 | +€843 | +570% |
| Suppliers | 440/4 | €148 | €991 | +€843 | +570% |
| Taxes, remuneration and social security | 45 | €17,335 | €14,076 | -€3,260 | -18.8% |
| Taxes | 450/3 | €17,335 | €14,076 | -€3,260 | -18.8% |
| Other amounts payable | 47/48 | €10,659 | €0 | -€10,659 | -100% |
| Accrued charges and deferred income | 492/3 | €110 | €110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,074 | €1,473 | +€399 | +37.1% |
| Other operating charges | 640/8 | €509 | €1,107 | +€598 | +118% |
| Gross operating margin | 9900 | €43,354 | €38,462 | -€4,892 | -11.3% |
| Operating profit (loss) | 9901 | €41,771 | €35,882 | -€5,889 | -14.1% |
| Financial income | 75/76B | €7,700 | €11,828 | +€4,128 | +53.6% |
| Recurring financial income | 75 | €7,700 | €11,828 | +€4,128 | +53.6% |
| Financial charges | 65/66B | €290 | €322 | +€32 | +11.0% |
| Recurring financial charges | 65 | €290 | €322 | +€32 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €49,181 | €47,388 | -€1,792 | -3.6% |
| Income taxes | 67/77 | €16,215 | €15,683 | -€532 | -3.3% |
| Profit (loss) for the period | 9904 | €32,966 | €31,705 | -€1,261 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,966 | €31,705 | -€1,261 | -3.8% |
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 21 October 2026 via checked.be.