JVD Performance: 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 Performance
Largest movements
- Cash +€67,423
up €67,423 (+883.3%), from €7,633 to €75,056
mainly Net result for the year (+€103,501) and Other debts (+€100,902)
- Current investments +€50,000
up €50,000 (+192.3%), from €26,000 to €76,000
- Tangible fixed assets -€5,457
down €5,457 (-21.3%), from €25,630 to €20,173
of which Furniture and vehicles: -€6,575
- Other debts +€100,902
up €100,902 (+278.3%), from €36,253 to €137,155
- Trade debts +€12,281
up €12,281 (+1060.6%), from €1,158 to €13,439
- Debts after one year -€6,647
down €6,647 (-36.4%), from €18,284 to €11,636
- Gross operating margin +€20,487
up €20,487 (+16.5%), from €123,968 to €144,455
- Taxes +€4,744
up €4,744 (+17.7%), from €26,877 to €31,621
- Financial income -€3,665
down €3,665 (-81.9%), from €4,472 to €807
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 | €391,244 | €506,394 | +€115,150 | +29.4% |
| Fixed assets | 21/28 | €25,630 | €20,173 | -€5,457 | -21.3% |
| Tangible fixed assets | 22/27 | €25,630 | €20,173 | -€5,457 | -21.3% |
| Furniture and vehicles | 24 | €22,860 | €16,285 | -€6,575 | -28.8% |
| Other tangible fixed assets | 26 | €2,770 | €3,888 | +€1,118 | +40.4% |
| Current assets | 29/58 | €365,614 | €486,220 | +€120,607 | +33.0% |
| Amounts receivable after more than one year | 29 | €307,500 | €307,500 | = | 0.0% |
| Other amounts receivable | 291 | €307,500 | €307,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,950 | €25,159 | +€1,209 | +5.0% |
| Trade receivables | 40 | €23,512 | €25,159 | +€1,647 | +7.0% |
| Other amounts receivable | 41 | €438 | €0 | -€438 | -100.0% |
| Current investments | 50/53 | €26,000 | €76,000 | +€50,000 | +192.3% |
| Cash at bank and in hand | 54/58 | €7,633 | €75,056 | +€67,423 | +883.3% |
| Deferred charges and accrued income | 490/1 | €530 | €2,505 | +€1,975 | +373.0% |
| Total equity and liabilities | 10/49 | €391,244 | €506,394 | +€115,150 | +29.4% |
| Equity | 10/15 | €311,652 | €315,153 | +€3,501 | +1.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,652 | €312,153 | +€3,501 | +1.1% |
| Amounts payable | 17/49 | €79,592 | €191,241 | +€111,649 | +140.3% |
| Amounts payable after more than one year | 17 | €18,284 | €11,636 | -€6,647 | -36.4% |
| Financial debts | 170/4 | €18,284 | €11,636 | -€6,647 | -36.4% |
| Amounts payable within one year | 42/48 | €61,308 | €179,604 | +€118,296 | +193.0% |
| Current portion of amounts payable after more than one year | 42 | €12,993 | €13,249 | +€255 | +2.0% |
| Trade debts | 44 | €1,158 | €13,439 | +€12,281 | +1060.6% |
| Suppliers | 440/4 | €1,158 | €13,439 | +€12,281 | +1060.6% |
| Taxes, remuneration and social security | 45 | €10,904 | €15,762 | +€4,858 | +44.6% |
| Taxes | 450/3 | €10,904 | €15,762 | +€4,858 | +44.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,253 | €137,155 | +€100,902 | +278.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,055 | €7,336 | +€281 | +4.0% |
| Other operating charges | 640/8 | €1,898 | €1,516 | -€382 | -20.1% |
| Gross operating margin | 9900 | €123,968 | €144,455 | +€20,487 | +16.5% |
| Operating profit (loss) | 9901 | €115,015 | €135,603 | +€20,588 | +17.9% |
| Financial income | 75/76B | €4,472 | €807 | -€3,665 | -81.9% |
| Recurring financial income | 75 | €4,472 | €807 | -€3,665 | -81.9% |
| Financial charges | 65/66B | €1,532 | €1,288 | -€244 | -15.9% |
| Recurring financial charges | 65 | €1,532 | €1,288 | -€244 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €117,955 | €135,122 | +€17,167 | +14.6% |
| Income taxes | 67/77 | €26,877 | €31,621 | +€4,744 | +17.7% |
| Profit (loss) for the period | 9904 | €91,078 | €103,501 | +€12,423 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,078 | €103,501 | +€12,423 | +13.6% |
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 11 October 2026 via checked.be.