JVDB: 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.
JVDB
Largest movements
- Tangible fixed assets -€8,363
down €8,363 (-12.0%), from €69,856 to €61,493
- Receivables within one year -€2,868
down €2,868 (-23.5%), from €12,182 to €9,314
of which Other amounts receivable: -€2,577
- Cash -€1,162
down €1,162 (-86.4%), from €1,345 to €182
mainly Net result for the year (-€36,807) and Debts after one year (-€7,327)
- Profit (loss) carried forward -€36,807
down €36,807 (-56.8%), from -€64,841 to -€101,649
- Other debts +€36,646
up €36,646 (+47.5%), from €77,190 to €113,836
- Debts after one year -€7,327
down €7,327 (-41.3%), from €17,742 to €10,415
- Tax, wage and social debts -€5,692
down €5,692 (-94.9%), from €5,999 to €307
of which Remuneration and social security: -€5,760
- Gross operating margin +€8,847
up €8,847 (+31.0%), from -€28,574 to -€19,727
- Depreciation +€435
up €435 (+3.9%), from €11,271 to €11,706
- Financial charges -€364
down €364 (-21.5%), from €1,694 to €1,329
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 | €85,718 | €73,008 | -€12,710 | -14.8% |
| Fixed assets | 21/28 | €69,856 | €61,493 | -€8,363 | -12.0% |
| Tangible fixed assets | 22/27 | €69,856 | €61,493 | -€8,363 | -12.0% |
| Land and buildings | 22 | €55,503 | €51,350 | -€4,154 | -7.5% |
| Plant, machinery and equipment | 23 | €1,559 | €903 | -€655 | -42.0% |
| Furniture and vehicles | 24 | €12,793 | €9,240 | -€3,554 | -27.8% |
| Current assets | 29/58 | €15,862 | €11,515 | -€4,347 | -27.4% |
| Stocks and contracts in progress | 3 | €500 | €100 | -€400 | -80.0% |
| Stocks | 30/36 | €500 | €100 | -€400 | -80.0% |
| Amounts receivable within one year | 40/41 | €12,182 | €9,314 | -€2,868 | -23.5% |
| Trade receivables | 40 | €9,595 | €9,304 | -€291 | -3.0% |
| Other amounts receivable | 41 | €2,587 | €10 | -€2,577 | -99.6% |
| Cash at bank and in hand | 54/58 | €1,345 | €182 | -€1,162 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,919 | +€83 | +4.5% |
| Total equity and liabilities | 10/49 | €85,718 | €73,008 | -€12,710 | -14.8% |
| Equity | 10/15 | -€32,496 | -€69,303 | -€36,807 | -113.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €7,345 | €7,345 | = | 0.0% |
| Distributable reserves | 133 | €7,345 | €7,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,841 | -€101,649 | -€36,807 | -56.8% |
| Amounts payable | 17/49 | €118,214 | €142,311 | +€24,097 | +20.4% |
| Amounts payable after more than one year | 17 | €17,742 | €10,415 | -€7,327 | -41.3% |
| Financial debts | 170/4 | €17,742 | €10,415 | -€7,327 | -41.3% |
| Amounts payable within one year | 42/48 | €100,472 | €131,896 | +€31,424 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €6,936 | €7,327 | +€391 | +5.6% |
| Trade debts | 44 | €10,347 | €10,426 | +€80 | +0.8% |
| Suppliers | 440/4 | €10,347 | €10,426 | +€80 | +0.8% |
| Taxes, remuneration and social security | 45 | €5,999 | €307 | -€5,692 | -94.9% |
| Taxes | 450/3 | €239 | €307 | +€68 | +28.4% |
| Remuneration and social security | 454/9 | €5,760 | - | -€5,760 | |
| Other amounts payable | 47/48 | €77,190 | €113,836 | +€36,646 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,271 | €11,706 | +€435 | +3.9% |
| Other operating charges | 640/8 | €4,184 | €3,945 | -€239 | -5.7% |
| Gross operating margin | 9900 | -€28,574 | -€19,727 | +€8,847 | +31.0% |
| Operating profit (loss) | 9901 | -€44,029 | -€35,378 | +€8,651 | +19.6% |
| Financial income | 75/76B | €131 | €6 | -€126 | -95.6% |
| Recurring financial income | 75 | €131 | €6 | -€126 | -95.6% |
| Financial charges | 65/66B | €1,694 | €1,329 | -€364 | -21.5% |
| Recurring financial charges | 65 | €1,694 | €1,329 | -€364 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,591 | -€36,702 | +€8,890 | +19.5% |
| Income taxes | 67/77 | €164 | €105 | -€59 | -35.7% |
| Profit (loss) for the period | 9904 | -€45,755 | -€36,807 | +€8,948 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,755 | -€36,807 | +€8,948 | +19.6% |
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 30 September 2026 via checked.be.