JVD CONSTRUCT: 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.
JVD CONSTRUCT
Largest movements
- Receivables within one year +€373,893
up €373,893 (+169.3%), from €220,793 to €594,686
of which Trade receivables: +€364,126
- Cash +€215,170
up €215,170 (+686.5%), from €31,342 to €246,512
mainly Trade debts (+€320,455) and Net result for the year (+€213,629)
- Tangible fixed assets +€52,387
up €52,387 (+20.3%), from €258,165 to €310,552
of which Plant, machinery and equipment: +€63,587
- Trade debts +€320,455
up €320,455 (+365.7%), from €87,632 to €408,088
- Other debts +€159,665
up €159,665 (+281.8%), from €56,653 to €216,318
- Tax, wage and social debts +€110,244
up €110,244 (+219.3%), from €50,261 to €160,506
of which Taxes: +€102,494
- Debts after one year +€34,233
up €34,233 (+23.0%), from €148,867 to €183,100
- Current portion of long-term debt +€12,852
up €12,852 (+38.7%), from €33,209 to €46,061
- Gross operating margin +€240,628
up €240,628 (+97.8%), from €245,998 to €486,626
- Staff costs +€110,059
up €110,059 (+440.2%), from €25,000 to €135,059
- Depreciation +€32,544
up €32,544 (+73.4%), from €44,348 to €76,893
- Taxes +€22,067
up €22,067 (+45.1%), from €48,927 to €70,994
- Financial income +€20,608
up €20,608 (+6647687.1%), from €0 to €20,608
of which Non-recurring financial income: +€20,608
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 | €513,490 | €1,154,568 | +€641,079 | +124.8% |
| Fixed assets | 21/28 | €258,165 | €310,552 | +€52,387 | +20.3% |
| Tangible fixed assets | 22/27 | €258,165 | €310,552 | +€52,387 | +20.3% |
| Plant, machinery and equipment | 23 | €168,624 | €232,211 | +€63,587 | +37.7% |
| Furniture and vehicles | 24 | €38,211 | €39,081 | +€870 | +2.3% |
| Leasing and similar rights | 25 | €51,330 | €39,260 | -€12,070 | -23.5% |
| Current assets | 29/58 | €255,325 | €844,016 | +€588,692 | +230.6% |
| Amounts receivable within one year | 40/41 | €220,793 | €594,686 | +€373,893 | +169.3% |
| Trade receivables | 40 | €207,497 | €571,623 | +€364,126 | +175.5% |
| Other amounts receivable | 41 | €13,296 | €23,063 | +€9,767 | +73.5% |
| Cash at bank and in hand | 54/58 | €31,342 | €246,512 | +€215,170 | +686.5% |
| Deferred charges and accrued income | 490/1 | €3,190 | €2,818 | -€372 | -11.7% |
| Total equity and liabilities | 10/49 | €513,490 | €1,154,568 | +€641,079 | +124.8% |
| Equity | 10/15 | €136,866 | €140,495 | +€3,629 | +2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €128,818 | €128,818 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €128,818 | +€128,818 | |
| Other | 1319 | - | €128,818 | +€128,818 | |
| Distributable reserves | 133 | €128,818 | - | -€128,818 | |
| Profit (loss) carried forward | 14 | €3,048 | €6,676 | +€3,629 | +119.1% |
| Amounts payable | 17/49 | €376,624 | €1,014,074 | +€637,450 | +169.3% |
| Amounts payable after more than one year | 17 | €148,867 | €183,100 | +€34,233 | +23.0% |
| Financial debts | 170/4 | €148,867 | €183,100 | +€34,233 | +23.0% |
| Amounts payable within one year | 42/48 | €227,756 | €830,973 | +€603,217 | +264.9% |
| Current portion of amounts payable after more than one year | 42 | €33,209 | €46,061 | +€12,852 | +38.7% |
| Trade debts | 44 | €87,632 | €408,088 | +€320,455 | +365.7% |
| Suppliers | 440/4 | €87,632 | €408,088 | +€320,455 | +365.7% |
| Taxes, remuneration and social security | 45 | €50,261 | €160,506 | +€110,244 | +219.3% |
| Taxes | 450/3 | €48,927 | €151,421 | +€102,494 | +209.5% |
| Remuneration and social security | 454/9 | €1,334 | €9,085 | +€7,750 | +580.8% |
| Other amounts payable | 47/48 | €56,653 | €216,318 | +€159,665 | +281.8% |
| Remuneration, social security and pensions | 62 | €25,000 | €135,059 | +€110,059 | +440.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,348 | €76,893 | +€32,544 | +73.4% |
| Other operating charges | 640/8 | €7,535 | €2,937 | -€4,598 | -61.0% |
| Non-recurring operating charges | 66A | - | €36 | +€36 | |
| Gross operating margin | 9900 | €245,998 | €486,626 | +€240,628 | +97.8% |
| Operating profit (loss) | 9901 | €169,115 | €271,702 | +€102,587 | +60.7% |
| Financial income | 75/76B | €0 | €20,608 | +€20,608 | +6647687.1% |
| Recurring financial income | 75 | €0 | €20,608 | +€20,608 | +6647687.1% |
| Non-recurring financial income | 76B | - | €20,608 | +€20,608 | |
| Financial charges | 65/66B | €3,911 | €7,687 | +€3,776 | +96.5% |
| Recurring financial charges | 65 | €3,911 | €7,687 | +€3,776 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €165,204 | €284,623 | +€119,419 | +72.3% |
| Income taxes | 67/77 | €48,927 | €70,994 | +€22,067 | +45.1% |
| Profit (loss) for the period | 9904 | €116,277 | €213,629 | +€97,352 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,277 | €213,629 | +€97,352 | +83.7% |
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 29 September 2026 via checked.be.