JVDS-IT: 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-IT
Largest movements
- Tangible fixed assets +€360,659
up €360,659 (+72.9%), from €495,043 to €855,702
of which Land and buildings: +€376,883
- Receivables within one year +€259,156
up €259,156 (+1,558%), from €16,633 to €275,789
of which Other amounts receivable: +€263,617
- Cash +€33,623
up €33,623 (+45.7%), from €73,582 to €107,205
mainly Debts after one year (+€524,928) and Trade debts (+€110,306)
- Debts after one year +€524,928
up €524,928 (+140%), from €375,454 to €900,382
of which Financial debts: +€524,928
- Trade debts +€110,306
up €110,306 (+16,415%), from €672 to €110,978
- Depreciation +€58,591
up €58,591 (+250%), from €23,467 to €82,058
- Taxes -€14,572
down €14,572 (-98.4%), from €14,808 to €236
- Financial charges +€9,269
up €9,269 (+37.8%), from €24,536 to €33,805
- Gross operating margin -€3,286
down €3,286 (-2.5%), from €132,253 to €128,966
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 | €588,634 | €1,243,551 | +€654,917 | +111% |
| Fixed assets | 21/28 | €495,264 | €855,973 | +€360,708 | +72.8% |
| Tangible fixed assets | 22/27 | €495,043 | €855,702 | +€360,659 | +72.9% |
| Land and buildings | 22 | €442,516 | €819,399 | +€376,883 | +85.2% |
| Furniture and vehicles | 24 | €7,528 | €4,411 | -€3,116 | -41.4% |
| Leasing and similar rights | 25 | €45,000 | €31,892 | -€13,109 | -29.1% |
| Financial fixed assets | 28 | €221 | €271 | +€50 | +22.5% |
| Current assets | 29/58 | €93,370 | €387,579 | +€294,209 | +315% |
| Amounts receivable within one year | 40/41 | €16,633 | €275,789 | +€259,156 | +1,558% |
| Trade receivables | 40 | €15,132 | €10,671 | -€4,461 | -29.5% |
| Other amounts receivable | 41 | €1,501 | €265,118 | +€263,617 | +17,562% |
| Cash at bank and in hand | 54/58 | €73,582 | €107,205 | +€33,623 | +45.7% |
| Deferred charges and accrued income | 490/1 | €3,154 | €4,585 | +€1,430 | +45.3% |
| Total equity and liabilities | 10/49 | €588,634 | €1,243,551 | +€654,917 | +111% |
| Equity | 10/15 | €143,282 | €139,213 | -€4,068 | -2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €138,282 | €134,213 | -€4,068 | -2.9% |
| Distributable reserves | 133 | €138,282 | €134,213 | -€4,068 | -2.9% |
| Amounts payable | 17/49 | €445,352 | €1,104,338 | +€658,986 | +148% |
| Amounts payable after more than one year | 17 | €375,454 | €900,382 | +€524,928 | +140% |
| Financial debts | 170/4 | €245,454 | €770,382 | +€524,928 | +214% |
| Other amounts payable | 178/9 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,298 | €192,136 | +€127,838 | +199% |
| Current portion of amounts payable after more than one year | 42 | €24,529 | €25,072 | +€543 | +2.2% |
| Trade debts | 44 | €672 | €110,978 | +€110,306 | +16,415% |
| Suppliers | 440/4 | €672 | €110,978 | +€110,306 | +16,415% |
| Taxes, remuneration and social security | 45 | €24,755 | €37,164 | +€12,409 | +50.1% |
| Taxes | 450/3 | €23,211 | €35,554 | +€12,343 | +53.2% |
| Remuneration and social security | 454/9 | €1,543 | €1,609 | +€66 | +4.3% |
| Other amounts payable | 47/48 | €14,342 | €18,923 | +€4,581 | +31.9% |
| Accrued charges and deferred income | 492/3 | €5,600 | €11,820 | +€6,220 | +111% |
| Remuneration, social security and pensions | 62 | €11,887 | €12,292 | +€406 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,467 | €82,058 | +€58,591 | +250% |
| Other operating charges | 640/8 | €2,585 | €3,102 | +€516 | +20.0% |
| Gross operating margin | 9900 | €132,253 | €128,966 | -€3,286 | -2.5% |
| Operating profit (loss) | 9901 | €94,314 | €31,514 | -€62,799 | -66.6% |
| Financial income | 75/76B | €5 | €125 | +€120 | +2,513% |
| Recurring financial income | 75 | €5 | €125 | +€120 | +2,513% |
| Financial charges | 65/66B | €24,536 | €33,805 | +€9,269 | +37.8% |
| Recurring financial charges | 65 | €24,536 | €33,805 | +€9,269 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €69,782 | -€2,166 | -€71,948 | |
| Income taxes | 67/77 | €14,808 | €236 | -€14,572 | -98.4% |
| Profit (loss) for the period | 9904 | €54,974 | -€2,402 | -€57,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,974 | -€2,402 | -€57,376 |
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 23 October 2026 via checked.be.