JVDA CONSULT: 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.
JVDA CONSULT
Largest movements
- Cash -€104,484
down €104,484 (-75.8%), from €137,783 to €33,299
mainly Other debts (-€218,339) and Tax, wage and social debts (-€12,718)
- Receivables within one year -€75,689
down €75,689 (-77.0%), from €98,333 to €22,644
of which Other amounts receivable: -€51,471
- Tangible fixed assets -€12,114
down €12,114 (-26.8%), from €45,269 to €33,155
of which Leasing and similar rights: -€11,945
- Other debts -€218,339
no longer reported in 2025 (was €218,339)
- Profit (loss) carried forward +€43,139
new in 2025: €43,139
- Tax, wage and social debts -€12,718
down €12,718 (-55.8%), from €22,782 to €10,064
- Debts after one year -€8,814
down €8,814 (-24.9%), from €35,462 to €26,649
- Gross operating margin -€45,836
down €45,836 (-37.6%), from €122,001 to €76,164
- Taxes -€7,076
down €7,076 (-27.9%), from €25,324 to €18,249
- Depreciation +€6,574
up €6,574 (+93.7%), from €7,014 to €13,587
- Financial income +€2,201
up €2,201 (+97.9%), from €2,248 to €4,449
- Financial charges +€1,524
up €1,524 (+59.9%), from €2,545 to €4,070
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 | €290,215 | €96,543 | -€193,673 | -66.7% |
| Fixed assets | 21/28 | €45,269 | €33,935 | -€11,334 | -25.0% |
| Tangible fixed assets | 22/27 | €45,269 | €33,155 | -€12,114 | -26.8% |
| Furniture and vehicles | 24 | €3,038 | €2,869 | -€169 | -5.6% |
| Leasing and similar rights | 25 | €42,232 | €30,287 | -€11,945 | -28.3% |
| Financial fixed assets | 28 | - | €780 | +€780 | |
| Current assets | 29/58 | €244,946 | €62,607 | -€182,339 | -74.4% |
| Amounts receivable within one year | 40/41 | €98,333 | €22,644 | -€75,689 | -77.0% |
| Trade receivables | 40 | €30,876 | €6,658 | -€24,218 | -78.4% |
| Other amounts receivable | 41 | €67,457 | €15,986 | -€51,471 | -76.3% |
| Current investments | 50/53 | €8,506 | €6,220 | -€2,286 | -26.9% |
| Cash at bank and in hand | 54/58 | €137,783 | €33,299 | -€104,484 | -75.8% |
| Deferred charges and accrued income | 490/1 | €324 | €444 | +€121 | +37.3% |
| Total equity and liabilities | 10/49 | €290,215 | €96,543 | -€193,673 | -66.7% |
| Equity | 10/15 | €3,000 | €46,139 | +€43,139 | +1438.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,139 | +€43,139 | |
| Amounts payable | 17/49 | €287,215 | €50,404 | -€236,811 | -82.5% |
| Amounts payable after more than one year | 17 | €35,462 | €26,649 | -€8,814 | -24.9% |
| Financial debts | 170/4 | €35,462 | €26,649 | -€8,814 | -24.9% |
| Amounts payable within one year | 42/48 | €251,486 | €23,199 | -€228,287 | -90.8% |
| Current portion of amounts payable after more than one year | 42 | €8,161 | €8,814 | +€653 | +8.0% |
| Financial debts | 43 | - | €140 | +€140 | |
| Credit institutions | 430/8 | - | €140 | +€140 | |
| Trade debts | 44 | €2,204 | €4,182 | +€1,978 | +89.7% |
| Suppliers | 440/4 | €2,204 | €4,182 | +€1,978 | +89.7% |
| Taxes, remuneration and social security | 45 | €22,782 | €10,064 | -€12,718 | -55.8% |
| Taxes | 450/3 | €22,782 | €10,064 | -€12,718 | -55.8% |
| Other amounts payable | 47/48 | €218,339 | - | -€218,339 | |
| Accrued charges and deferred income | 492/3 | €267 | €556 | +€289 | +108.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,014 | €13,587 | +€6,574 | +93.7% |
| Other operating charges | 640/8 | €955 | €1,569 | +€614 | +64.3% |
| Gross operating margin | 9900 | €122,001 | €76,164 | -€45,836 | -37.6% |
| Operating profit (loss) | 9901 | €114,032 | €61,008 | -€53,024 | -46.5% |
| Financial income | 75/76B | €2,248 | €4,449 | +€2,201 | +97.9% |
| Recurring financial income | 75 | €2,248 | €4,449 | +€2,201 | +97.9% |
| Financial charges | 65/66B | €2,545 | €4,070 | +€1,524 | +59.9% |
| Recurring financial charges | 65 | €2,545 | €4,070 | +€1,524 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €113,735 | €61,388 | -€52,347 | -46.0% |
| Income taxes | 67/77 | €25,324 | €18,249 | -€7,076 | -27.9% |
| Profit (loss) for the period | 9904 | €88,411 | €43,139 | -€45,272 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,411 | €43,139 | -€45,272 | -51.2% |
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 7 October 2026 via checked.be.