JVCON: 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.
JVCON
Largest movements
- Cash +€207,162
up €207,162 (+54.7%), from €378,381 to €585,543
mainly Current investments (+€200,000) and Net result for the year (+€168,655)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€93,252
up €93,252 (+185.7%), from €50,206 to €143,458
of which Trade receivables: +€72,454
- Reserves +€80,776
up €80,776 (+12.5%), from €643,989 to €724,764
of which Distributable reserves: +€80,776
- Tax, wage and social debts +€17,574
up €17,574 (+81.6%), from €21,548 to €39,122
of which Taxes: +€17,574
- Gross operating margin +€43,973
up €43,973 (+20.1%), from €218,949 to €262,922
- Taxes +€17,835
up €17,835 (+29.6%), from €60,170 to €78,005
- Financial income +€3,472
up €3,472 (+49254.2%), from €7 to €3,479
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 | €684,345 | €784,408 | +€100,063 | +14.6% |
| Fixed assets | 21/28 | €55,464 | €52,520 | -€2,943 | -5.3% |
| Tangible fixed assets | 22/27 | €55,464 | €52,520 | -€2,943 | -5.3% |
| Land and buildings | 22 | €46,418 | €41,552 | -€4,866 | -10.5% |
| Plant, machinery and equipment | 23 | €1,969 | €1,749 | -€219 | -11.1% |
| Furniture and vehicles | 24 | €7,077 | €9,219 | +€2,142 | +30.3% |
| Current assets | 29/58 | €628,882 | €731,888 | +€103,006 | +16.4% |
| Amounts receivable within one year | 40/41 | €50,206 | €143,458 | +€93,252 | +185.7% |
| Trade receivables | 40 | €41,912 | €114,366 | +€72,454 | +172.9% |
| Other amounts receivable | 41 | €8,295 | €29,093 | +€20,798 | +250.7% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €378,381 | €585,543 | +€207,162 | +54.7% |
| Deferred charges and accrued income | 490/1 | €294 | €2,887 | +€2,592 | +880.7% |
| Total equity and liabilities | 10/49 | €684,345 | €784,408 | +€100,063 | +14.6% |
| Equity | 10/15 | €650,189 | €730,964 | +€80,776 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €643,989 | €724,764 | +€80,776 | +12.5% |
| Tax-exempt reserves | 132 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €618,989 | €699,764 | +€80,776 | +13.0% |
| Amounts payable | 17/49 | €34,157 | €53,444 | +€19,287 | +56.5% |
| Amounts payable within one year | 42/48 | €33,382 | €52,769 | +€19,387 | +58.1% |
| Trade debts | 44 | €11,834 | €13,647 | +€1,813 | +15.3% |
| Suppliers | 440/4 | €11,834 | €13,647 | +€1,813 | +15.3% |
| Taxes, remuneration and social security | 45 | €21,548 | €39,122 | +€17,574 | +81.6% |
| Taxes | 450/3 | €18,348 | €35,922 | +€17,574 | +95.8% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €775 | €675 | -€100 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,778 | €11,691 | +€913 | +8.5% |
| Other operating charges | 640/8 | €3,063 | €2,333 | -€729 | -23.8% |
| Gross operating margin | 9900 | €218,949 | €262,922 | +€43,973 | +20.1% |
| Operating profit (loss) | 9901 | €205,108 | €248,898 | +€43,790 | +21.3% |
| Financial income | 75/76B | €7 | €3,479 | +€3,472 | +49254.2% |
| Recurring financial income | 75 | €7 | €3,479 | +€3,472 | +49254.2% |
| Financial charges | 65/66B | €6,343 | €5,718 | -€625 | -9.9% |
| Recurring financial charges | 65 | €6,343 | €5,718 | -€625 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €198,772 | €246,660 | +€47,887 | +24.1% |
| Income taxes | 67/77 | €60,170 | €78,005 | +€17,835 | +29.6% |
| Profit (loss) for the period | 9904 | €138,602 | €168,655 | +€30,053 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,602 | €168,655 | +€30,053 | +21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.