JVDA: 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.
JVDA
Largest movements
- Current investments -€27,223
down €27,223 (-40.2%), from €67,746 to €40,523
- Cash +€9,098
up €9,098 (+65.0%), from €14,007 to €23,105
mainly Net result for the year (+€49,571) and Current investments (+€27,223)
- Receivables within one year -€8,270
down €8,270 (-19.4%), from €42,679 to €34,409
of which Other amounts receivable: -€7,120
- Tangible fixed assets +€3,655
up €3,655 (+30.0%), from €12,175 to €15,829
of which Other tangible fixed assets: +€2,412
- Reserves -€31,000
down €31,000 (-29.8%), from €104,000 to €73,000
- Other debts +€4,315
new in 2025: €4,315
- Trade debts +€3,541
up €3,541 (+107%), from €3,322 to €6,863
- Gross operating margin +€1,706
up €1,706 (+2.5%), from €69,112 to €70,818
- Depreciation +€1,148
up €1,148 (+42.7%), from €2,688 to €3,835
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 | €137,655 | €115,291 | -€22,364 | -16.2% |
| Fixed assets | 21/28 | €12,175 | €15,829 | +€3,655 | +30.0% |
| Tangible fixed assets | 22/27 | €12,175 | €15,829 | +€3,655 | +30.0% |
| Plant, machinery and equipment | 23 | - | €924 | +€924 | |
| Furniture and vehicles | 24 | €3,238 | €3,558 | +€320 | +9.9% |
| Other tangible fixed assets | 26 | €8,936 | €11,348 | +€2,412 | +27.0% |
| Current assets | 29/58 | €125,480 | €99,461 | -€26,019 | -20.7% |
| Amounts receivable within one year | 40/41 | €42,679 | €34,409 | -€8,270 | -19.4% |
| Trade receivables | 40 | €31,944 | €30,794 | -€1,150 | -3.6% |
| Other amounts receivable | 41 | €10,735 | €3,615 | -€7,120 | -66.3% |
| Current investments | 50/53 | €67,746 | €40,523 | -€27,223 | -40.2% |
| Cash at bank and in hand | 54/58 | €14,007 | €23,105 | +€9,098 | +65.0% |
| Deferred charges and accrued income | 490/1 | €1,048 | €1,424 | +€376 | +35.9% |
| Total equity and liabilities | 10/49 | €137,655 | €115,291 | -€22,364 | -16.2% |
| Equity | 10/15 | €123,209 | €91,779 | -€31,429 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,000 | €73,000 | -€31,000 | -29.8% |
| Distributable reserves | 133 | €104,000 | €73,000 | -€31,000 | -29.8% |
| Profit (loss) carried forward | 14 | €609 | €179 | -€429 | -70.6% |
| Amounts payable | 17/49 | €14,446 | €23,511 | +€9,065 | +62.8% |
| Amounts payable within one year | 42/48 | €14,446 | €23,511 | +€9,065 | +62.8% |
| Trade debts | 44 | €3,322 | €6,863 | +€3,541 | +107% |
| Suppliers | 440/4 | €3,322 | €6,863 | +€3,541 | +107% |
| Taxes, remuneration and social security | 45 | €11,124 | €12,333 | +€1,209 | +10.9% |
| Taxes | 450/3 | €7,327 | €6,797 | -€530 | -7.2% |
| Remuneration and social security | 454/9 | €3,797 | €5,536 | +€1,740 | +45.8% |
| Other amounts payable | 47/48 | - | €4,315 | +€4,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €3,835 | +€1,148 | +42.7% |
| Other operating charges | 640/8 | €1,130 | €1,372 | +€241 | +21.3% |
| Gross operating margin | 9900 | €69,112 | €70,818 | +€1,706 | +2.5% |
| Operating profit (loss) | 9901 | €65,294 | €65,612 | +€317 | +0.5% |
| Financial income | 75/76B | €877 | €561 | -€316 | -36.0% |
| Recurring financial income | 75 | €877 | €561 | -€316 | -36.0% |
| Financial charges | 65/66B | €2,763 | €2,815 | +€52 | +1.9% |
| Recurring financial charges | 65 | €2,763 | €2,815 | +€52 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €63,408 | €63,358 | -€50 | -0.1% |
| Income taxes | 67/77 | €13,581 | €13,787 | +€207 | +1.5% |
| Profit (loss) for the period | 9904 | €49,827 | €49,571 | -€257 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,827 | €49,571 | -€257 | -0.5% |
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 16 October 2026 via checked.be.