JVdP Projects: 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.
JVdP Projects
Largest movements
- Cash +€23,350
up €23,350 (+34.7%), from €67,290 to €90,639
mainly Net result for the year (+€63,122) and Receivables within one year (+€7,249)
- Tangible fixed assets +€9,187
up €9,187 (+420.2%), from €2,186 to €11,373
of which Furniture and vehicles: +€6,794
- Receivables within one year -€7,249
down €7,249 (-32.4%), from €22,341 to €15,092
of which Trade receivables: -€12,316
- Reserves +€63,122
up €63,122 (+38.2%), from €165,154 to €228,276
- Accrued charges and deferred income -€28,928
down €28,928 (-96.4%), from €30,000 to €1,072
- Other debts -€8,145
no longer reported in 2025 (was €8,145)
- Gross operating margin +€9,698
up €9,698 (+11.1%), from €86,992 to €96,690
- Taxes +€6,916
up €6,916 (+29.4%), from €23,544 to €30,460
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 | €217,366 | €244,111 | +€26,745 | +12.3% |
| Fixed assets | 21/28 | €2,186 | €11,373 | +€9,187 | +420.2% |
| Tangible fixed assets | 22/27 | €2,186 | €11,373 | +€9,187 | +420.2% |
| Plant, machinery and equipment | 23 | - | €2,393 | +€2,393 | |
| Furniture and vehicles | 24 | €2,186 | €8,980 | +€6,794 | +310.7% |
| Current assets | 29/58 | €215,180 | €232,738 | +€17,558 | +8.2% |
| Amounts receivable within one year | 40/41 | €22,341 | €15,092 | -€7,249 | -32.4% |
| Trade receivables | 40 | €22,065 | €9,749 | -€12,316 | -55.8% |
| Other amounts receivable | 41 | €277 | €5,343 | +€5,067 | +1831.1% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,290 | €90,639 | +€23,350 | +34.7% |
| Deferred charges and accrued income | 490/1 | €549 | €2,006 | +€1,458 | +265.6% |
| Total equity and liabilities | 10/49 | €217,366 | €244,111 | +€26,745 | +12.3% |
| Equity | 10/15 | €168,154 | €231,276 | +€63,122 | +37.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €165,154 | €228,276 | +€63,122 | +38.2% |
| Distributable reserves | 133 | €165,154 | €228,276 | +€63,122 | +38.2% |
| Amounts payable | 17/49 | €49,212 | €12,835 | -€36,377 | -73.9% |
| Amounts payable within one year | 42/48 | €19,212 | €11,763 | -€7,449 | -38.8% |
| Trade debts | 44 | €2,523 | €2,759 | +€235 | +9.3% |
| Suppliers | 440/4 | €2,523 | €2,759 | +€235 | +9.3% |
| Taxes, remuneration and social security | 45 | €8,544 | €9,004 | +€460 | +5.4% |
| Taxes | 450/3 | €8,544 | €9,004 | +€460 | +5.4% |
| Other amounts payable | 47/48 | €8,145 | - | -€8,145 | |
| Accrued charges and deferred income | 492/3 | €30,000 | €1,072 | -€28,928 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €2,300 | +€620 | +36.9% |
| Other operating charges | 640/8 | €866 | €719 | -€147 | -17.0% |
| Gross operating margin | 9900 | €86,992 | €96,690 | +€9,698 | +11.1% |
| Operating profit (loss) | 9901 | €84,446 | €93,672 | +€9,225 | +10.9% |
| Financial income | 75/76B | €244 | €2 | -€242 | -99.0% |
| Recurring financial income | 75 | €244 | €2 | -€242 | -99.0% |
| Financial charges | 65/66B | €343 | €92 | -€251 | -73.2% |
| Recurring financial charges | 65 | €343 | €92 | -€251 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €84,348 | €93,582 | +€9,234 | +10.9% |
| Income taxes | 67/77 | €23,544 | €30,460 | +€6,916 | +29.4% |
| Profit (loss) for the period | 9904 | €60,804 | €63,122 | +€2,318 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,804 | €63,122 | +€2,318 | +3.8% |
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 8 October 2026 via checked.be.