JVD Technics: 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 Technics
Largest movements
- Receivables within one year +€57,072
up €57,072 (+223.1%), from €25,587 to €82,659
of which Trade receivables: +€45,950
- Cash +€34,534
up €34,534 (+34.3%), from €100,742 to €135,277
mainly Other debts (+€34,281) and Depreciation (+€22,013)
- Tangible fixed assets -€21,005
down €21,005 (-7.1%), from €294,945 to €273,940
of which Land and buildings: -€18,880
- Stocks and contracts -€15,638
down €15,638 (-36.5%), from €42,810 to €27,171
of which Contracts in progress: -€22,946
- Other debts +€34,281
up €34,281 (+143.4%), from €23,898 to €58,179
- Debts after one year +€17,576
up €17,576 (+8.7%), from €201,611 to €219,187
- Reserves -€12,045
down €12,045 (-6.2%), from €193,916 to €181,871
- Trade debts +€10,404
up €10,404 (+40.2%), from €25,889 to €36,293
- Current portion of long-term debt +€5,893
up €5,893 (+51.1%), from €11,531 to €17,424
- Gross operating margin -€18,196
down €18,196 (-19.4%), from €93,770 to €75,574
- Other operating charges +€8,487
up €8,487 (+353.5%), from €2,401 to €10,888
- Taxes -€6,269
down €6,269 (-38.0%), from €16,501 to €10,232
- Write-downs +€3,150
up €3,150 (+100.0%), from €3,150 to €6,300
- Depreciation -€1,405
down €1,405 (-6.0%), from €23,418 to €22,013
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 | €465,694 | €520,724 | +€55,030 | +11.8% |
| Fixed assets | 21/28 | €294,945 | €273,940 | -€21,005 | -7.1% |
| Tangible fixed assets | 22/27 | €294,945 | €273,940 | -€21,005 | -7.1% |
| Land and buildings | 22 | €288,065 | €269,184 | -€18,880 | -6.6% |
| Plant, machinery and equipment | 23 | €2,434 | €2,305 | -€130 | -5.3% |
| Furniture and vehicles | 24 | €4,447 | €2,451 | -€1,995 | -44.9% |
| Current assets | 29/58 | €170,749 | €246,784 | +€76,035 | +44.5% |
| Stocks and contracts in progress | 3 | €42,810 | €27,171 | -€15,638 | -36.5% |
| Stocks | 30/36 | €5,494 | €12,802 | +€7,307 | +133.0% |
| Contracts in progress | 37 | €37,315 | €14,370 | -€22,946 | -61.5% |
| Amounts receivable within one year | 40/41 | €25,587 | €82,659 | +€57,072 | +223.1% |
| Trade receivables | 40 | €19,717 | €65,668 | +€45,950 | +233.0% |
| Other amounts receivable | 41 | €5,869 | €16,992 | +€11,122 | +189.5% |
| Cash at bank and in hand | 54/58 | €100,742 | €135,277 | +€34,534 | +34.3% |
| Deferred charges and accrued income | 490/1 | €1,610 | €1,677 | +€67 | +4.2% |
| Total equity and liabilities | 10/49 | €465,694 | €520,724 | +€55,030 | +11.8% |
| Equity | 10/15 | €195,716 | €183,671 | -€12,045 | -6.2% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €193,916 | €181,871 | -€12,045 | -6.2% |
| Distributable reserves | 133 | €193,916 | €181,871 | -€12,045 | -6.2% |
| Amounts payable | 17/49 | €269,978 | €337,053 | +€67,075 | +24.8% |
| Amounts payable after more than one year | 17 | €201,611 | €219,187 | +€17,576 | +8.7% |
| Financial debts | 170/4 | €201,611 | €219,187 | +€17,576 | +8.7% |
| Amounts payable within one year | 42/48 | €63,925 | €112,256 | +€48,331 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €11,531 | €17,424 | +€5,893 | +51.1% |
| Trade debts | 44 | €25,889 | €36,293 | +€10,404 | +40.2% |
| Suppliers | 440/4 | €25,889 | €36,293 | +€10,404 | +40.2% |
| Taxes, remuneration and social security | 45 | €2,607 | €360 | -€2,247 | -86.2% |
| Taxes | 450/3 | €2,607 | €360 | -€2,247 | -86.2% |
| Other amounts payable | 47/48 | €23,898 | €58,179 | +€34,281 | +143.4% |
| Accrued charges and deferred income | 492/3 | €4,441 | €5,609 | +€1,168 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,418 | €22,013 | -€1,405 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,150 | €6,300 | +€3,150 | +100.0% |
| Other operating charges | 640/8 | €2,401 | €10,888 | +€8,487 | +353.5% |
| Gross operating margin | 9900 | €93,770 | €75,574 | -€18,196 | -19.4% |
| Operating profit (loss) | 9901 | €64,802 | €36,373 | -€28,429 | -43.9% |
| Financial income | 75/76B | €502 | €822 | +€320 | +63.6% |
| Recurring financial income | 75 | €502 | €822 | +€320 | +63.6% |
| Financial charges | 65/66B | €6,255 | €6,640 | +€384 | +6.1% |
| Recurring financial charges | 65 | €6,255 | €6,640 | +€384 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €59,049 | €30,555 | -€28,493 | -48.3% |
| Income taxes | 67/77 | €16,501 | €10,232 | -€6,269 | -38.0% |
| Profit (loss) for the period | 9904 | €42,548 | €20,323 | -€22,225 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,548 | €20,323 | -€22,225 | -52.2% |
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 4 October 2026 via checked.be.