JVDH-SYSTEM: 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.
JVDH-SYSTEM
Largest movements
- Current investments +€50,000
up €50,000 (+71.4%), from €70,000 to €120,000
- Receivables within one year -€11,623
down €11,623 (-64.0%), from €18,165 to €6,542
of which Other amounts receivable: -€9,706
- Tangible fixed assets -€4,353
down €4,353 (-33.1%), from €13,133 to €8,781
of which Furniture and vehicles: -€10,339
- Profit (loss) carried forward +€26,789
up €26,789 (+81.3%), from -€32,943 to -€6,154
- Other debts +€6,093
up €6,093 (+15.6%), from €39,076 to €45,169
- Gross operating margin +€24,541
up €24,541 (+216%), from €11,370 to €35,911
- Depreciation -€5,876
down €5,876 (-31.4%), from €18,709 to €12,833
- Taxes +€1,259
new in 2025: €1,259
- Financial income +€1,077
up €1,077 (+21.7%), from €4,975 to €6,053
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 | €291,074 | €322,385 | +€31,312 | +10.8% |
| Fixed assets | 21/28 | €18,133 | €13,781 | -€4,353 | -24.0% |
| Tangible fixed assets | 22/27 | €13,133 | €8,781 | -€4,353 | -33.1% |
| Plant, machinery and equipment | 23 | €1,766 | €8,095 | +€6,329 | +358% |
| Furniture and vehicles | 24 | €10,339 | - | -€10,339 | |
| Other tangible fixed assets | 26 | €1,028 | €685 | -€343 | -33.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €272,941 | €308,605 | +€35,664 | +13.1% |
| Stocks and contracts in progress | 3 | €2,501 | €1,158 | -€1,342 | -53.7% |
| Stocks | 30/36 | €2,501 | €1,158 | -€1,342 | -53.7% |
| Amounts receivable within one year | 40/41 | €18,165 | €6,542 | -€11,623 | -64.0% |
| Trade receivables | 40 | €6,619 | €4,702 | -€1,917 | -29.0% |
| Other amounts receivable | 41 | €11,546 | €1,840 | -€9,706 | -84.1% |
| Current investments | 50/53 | €70,000 | €120,000 | +€50,000 | +71.4% |
| Cash at bank and in hand | 54/58 | €182,275 | €180,905 | -€1,370 | -0.8% |
| Total equity and liabilities | 10/49 | €291,074 | €322,385 | +€31,312 | +10.8% |
| Equity | 10/15 | €238,549 | €265,339 | +€26,789 | +11.2% |
| Reserves | 13 | €271,492 | €271,492 | = | 0.0% |
| Distributable reserves | 133 | €271,492 | €271,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,943 | -€6,154 | +€26,789 | +81.3% |
| Amounts payable | 17/49 | €52,524 | €57,047 | +€4,522 | +8.6% |
| Amounts payable within one year | 42/48 | €52,524 | €57,047 | +€4,522 | +8.6% |
| Trade debts | 44 | €10,536 | €9,204 | -€1,332 | -12.6% |
| Suppliers | 440/4 | €10,536 | €9,204 | -€1,332 | -12.6% |
| Taxes, remuneration and social security | 45 | €2,913 | €2,674 | -€239 | -8.2% |
| Taxes | 450/3 | €2,913 | €2,674 | -€239 | -8.2% |
| Other amounts payable | 47/48 | €39,076 | €45,169 | +€6,093 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,709 | €12,833 | -€5,876 | -31.4% |
| Other operating charges | 640/8 | €819 | €776 | -€44 | -5.3% |
| Non-recurring operating charges | 66A | - | €235 | +€235 | |
| Gross operating margin | 9900 | €11,370 | €35,911 | +€24,541 | +216% |
| Operating profit (loss) | 9901 | -€8,158 | €22,067 | +€30,226 | |
| Financial income | 75/76B | €4,975 | €6,053 | +€1,077 | +21.7% |
| Recurring financial income | 75 | €4,975 | €6,053 | +€1,077 | +21.7% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,250 | €28,048 | +€31,298 | |
| Income taxes | 67/77 | - | €1,259 | +€1,259 | |
| Profit (loss) for the period | 9904 | -€3,250 | €26,789 | +€30,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,250 | €26,789 | +€30,040 |
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 18 October 2026 via checked.be.