JVDS CORPORATE SERVICES: 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.
JVDS CORPORATE SERVICES
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+162%), from €854,881 to €2.2m
of which Land and buildings: +€1.3m
- Current investments -€450,000
down €450,000 (-52.3%), from €860,053 to €410,053
- Cash +€269,038
up €269,038 (+147%), from €182,600 to €451,637
mainly Debts after one year (+€1.1m) and Current investments (+€450,000)
- Receivables within one year +€40,791
up €40,791 (+71.8%), from €56,783 to €97,574
of which Other amounts receivable: +€59,976
- Debts after one year +€1.1m
up €1.1m (+219%), from €493,154 to €1.6m
- Other debts +€241,976
up €241,976 (+587%), from €41,249 to €283,225
- Reserves -€103,474
down €103,474 (-8.4%), from €1.2m to €1.1m
- Current portion of long-term debt +€65,529
up €65,529 (+179%), from €36,553 to €102,082
- Taxes -€90,814
down €90,814 (-57.0%), from €159,232 to €68,418
- Gross operating margin -€71,429
down €71,429 (-13.8%), from €517,464 to €446,034
- Financial charges +€23,131
up €23,131 (+160%), from €14,497 to €37,628
- Financial income -€18,145
down €18,145 (-39.6%), from €45,873 to €27,728
- Depreciation +€14,840
up €14,840 (+30.6%), from €48,561 to €63,401
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 | €1,956,212 | €3,199,647 | +€1.2m | +63.6% |
| Fixed assets | 21/28 | €855,076 | €2,237,639 | +€1.4m | +162% |
| Tangible fixed assets | 22/27 | €854,881 | €2,237,444 | +€1.4m | +162% |
| Land and buildings | 22 | €787,448 | €2,061,273 | +€1.3m | +162% |
| Plant, machinery and equipment | 23 | €4,866 | €2,953 | -€1,913 | -39.3% |
| Furniture and vehicles | 24 | €62,567 | €173,218 | +€110,652 | +177% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €1,101,136 | €962,007 | -€139,129 | -12.6% |
| Amounts receivable within one year | 40/41 | €56,783 | €97,574 | +€40,791 | +71.8% |
| Trade receivables | 40 | €56,695 | €37,510 | -€19,185 | -33.8% |
| Other amounts receivable | 41 | €88 | €60,064 | +€59,976 | +68,162% |
| Current investments | 50/53 | €860,053 | €410,053 | -€450,000 | -52.3% |
| Cash at bank and in hand | 54/58 | €182,600 | €451,637 | +€269,038 | +147% |
| Deferred charges and accrued income | 490/1 | €1,702 | €2,744 | +€1,043 | +61.3% |
| Total equity and liabilities | 10/49 | €1,956,212 | €3,199,647 | +€1.2m | +63.6% |
| Equity | 10/15 | €1,243,738 | €1,140,264 | -€103,474 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,237,538 | €1,134,064 | -€103,474 | -8.4% |
| Distributable reserves | 133 | €1,237,538 | €1,134,064 | -€103,474 | -8.4% |
| Amounts payable | 17/49 | €712,474 | €2,059,383 | +€1.3m | +189% |
| Amounts payable after more than one year | 17 | €493,154 | €1,574,464 | +€1.1m | +219% |
| Financial debts | 170/4 | €493,154 | €1,574,464 | +€1.1m | +219% |
| Amounts payable within one year | 42/48 | €219,320 | €484,919 | +€265,598 | +121% |
| Current portion of amounts payable after more than one year | 42 | €36,553 | €102,082 | +€65,529 | +179% |
| Trade debts | 44 | €54,831 | €33,733 | -€21,098 | -38.5% |
| Suppliers | 440/4 | €54,831 | €33,733 | -€21,098 | -38.5% |
| Taxes, remuneration and social security | 45 | €86,687 | €65,879 | -€20,808 | -24.0% |
| Taxes | 450/3 | €86,687 | €65,879 | -€20,808 | -24.0% |
| Other amounts payable | 47/48 | €41,249 | €283,225 | +€241,976 | +587% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,561 | €63,401 | +€14,840 | +30.6% |
| Other operating charges | 640/8 | €193 | €437 | +€244 | +126% |
| Non-recurring operating charges | 66A | - | €174,259 | +€174,259 | |
| Gross operating margin | 9900 | €517,464 | €446,034 | -€71,429 | -13.8% |
| Operating profit (loss) | 9901 | €468,710 | €207,938 | -€260,772 | -55.6% |
| Financial income | 75/76B | €45,873 | €27,728 | -€18,145 | -39.6% |
| Recurring financial income | 75 | €45,873 | €27,728 | -€18,145 | -39.6% |
| Financial charges | 65/66B | €14,497 | €37,628 | +€23,131 | +160% |
| Recurring financial charges | 65 | €14,497 | €37,628 | +€23,131 | +160% |
| Profit (loss) for the period before taxes | 9903 | €500,086 | €198,037 | -€302,049 | -60.4% |
| Income taxes | 67/77 | €159,232 | €68,418 | -€90,814 | -57.0% |
| Profit (loss) for the period | 9904 | €340,854 | €129,620 | -€211,234 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €340,854 | €129,620 | -€211,234 | -62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.