JVD Law: 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.
JVD Law
Largest movements
- Cash +€8,397
new in 2025: €8,397
mainly Net result for the year (+€12,949) and Tax, wage and social debts (+€7,364)
- Receivables within one year +€6,989
up €6,989 (+163%), from €4,287 to €11,276
of which Trade receivables: +€6,989
- Tangible fixed assets +€3,735
up €3,735 (+312%), from €1,198 to €4,932
of which Other tangible fixed assets: +€4,456
- Deferred charges and accrued income -€729
down €729 (-9.6%), from €7,597 to €6,868
- Reserves +€12,949
up €12,949 (+195%), from €6,630 to €19,579
- Tax, wage and social debts +€7,364
up €7,364 (+238%), from €3,090 to €10,454
- Short-term financial debts -€2,726
no longer reported in 2025 (was €2,726)
- Other debts +€705
new in 2025: €705
- Gross operating margin +€18,204
up €18,204 (+286%), from €6,367 to €24,570
- Taxes +€4,178
up €4,178 (+360%), from €1,159 to €5,337
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 | €13,619 | €32,011 | +€18,392 | +135% |
| Fixed assets | 21/28 | €1,735 | €5,470 | +€3,735 | +215% |
| Tangible fixed assets | 22/27 | €1,198 | €4,932 | +€3,735 | +312% |
| Furniture and vehicles | 24 | €1,198 | €476 | -€721 | -60.2% |
| Other tangible fixed assets | 26 | - | €4,456 | +€4,456 | |
| Financial fixed assets | 28 | €537 | €537 | = | 0.0% |
| Current assets | 29/58 | €11,884 | €26,541 | +€14,657 | +123% |
| Amounts receivable within one year | 40/41 | €4,287 | €11,276 | +€6,989 | +163% |
| Trade receivables | 40 | €3,331 | €10,320 | +€6,989 | +210% |
| Other amounts receivable | 41 | €956 | €956 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €8,397 | +€8,397 | |
| Deferred charges and accrued income | 490/1 | €7,597 | €6,868 | -€729 | -9.6% |
| Total equity and liabilities | 10/49 | €13,619 | €32,011 | +€18,392 | +135% |
| Equity | 10/15 | €6,730 | €19,679 | +€12,949 | +192% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €6,630 | €19,579 | +€12,949 | +195% |
| Distributable reserves | 133 | €6,630 | €19,579 | +€12,949 | +195% |
| Amounts payable | 17/49 | €6,889 | €12,332 | +€5,443 | +79.0% |
| Amounts payable within one year | 42/48 | €6,131 | €11,749 | +€5,618 | +91.6% |
| Financial debts | 43 | €2,726 | - | -€2,726 | |
| Credit institutions | 430/8 | €2,726 | - | -€2,726 | |
| Trade debts | 44 | €315 | €591 | +€275 | +87.4% |
| Suppliers | 440/4 | €315 | €591 | +€275 | +87.4% |
| Taxes, remuneration and social security | 45 | €3,090 | €10,454 | +€7,364 | +238% |
| Taxes | 450/3 | €3,090 | €10,454 | +€7,364 | +238% |
| Other amounts payable | 47/48 | - | €705 | +€705 | |
| Accrued charges and deferred income | 492/3 | €757 | €582 | -€175 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721 | €956 | +€235 | +32.5% |
| Other operating charges | 640/8 | €3,171 | €3,350 | +€180 | +5.7% |
| Gross operating margin | 9900 | €6,367 | €24,570 | +€18,204 | +286% |
| Operating profit (loss) | 9901 | €2,475 | €20,265 | +€17,789 | +719% |
| Financial charges | 65/66B | €1,830 | €1,978 | +€149 | +8.1% |
| Recurring financial charges | 65 | €1,830 | €1,978 | +€149 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €646 | €18,286 | +€17,641 | +2,733% |
| Income taxes | 67/77 | €1,159 | €5,337 | +€4,178 | +360% |
| Profit (loss) for the period | 9904 | -€514 | €12,949 | +€13,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€514 | €12,949 | +€13,463 |
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 18 October 2026 via checked.be.