JVDW: what changed
What changed
JVDW
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€196,286
2024 · €187,716+€8,570
Equity
€231,416
2024 · €222,846+€8,570
Cash
€114,932
2024 · €166,510-€51,578
Balance sheet total
€347,594
2024 · €364,224-€16,629
Largest movements
Assets
- Cash -€51,578
down €51,578 (-31.0%), from €166,510 to €114,932
mainly Contributions, distributions and other (-€187,716) and Investment in fixed assets (net) (-€65,105)
- Receivables within one year +€17,119
up €17,119 (+290%), from €5,911 to €23,030
of which Other amounts receivable: +€14,692
- Tangible fixed assets +€14,882
up €14,882 (+8.3%), from €180,099 to €194,981
of which Other tangible fixed assets: +€29,693
Equity and liabilities
- Debts after one year -€21,948
down €21,948 (-47.7%), from €46,041 to €24,093
- Tax, wage and social debts -€13,788
down €13,788 (-27.1%), from €50,917 to €37,129
of which Taxes: -€16,804
- Trade debts +€9,010
up €9,010 (+64.2%), from €14,033 to €23,042
- Reserves +€8,570
up €8,570 (+3.9%), from €220,346 to €228,916
Income statement
- Gross operating margin +€39,323
up €39,323 (+7.3%), from €539,741 to €579,064
- Staff costs +€25,678
up €25,678 (+10.6%), from €241,318 to €266,996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€187,716
Gross operating margin
+€39,323
Staff costs
-€25,678
Depreciation
-€4,633
Other operating charges
+€2,942
Financial income
-€3,731
Financial charges
+€1,445
Taxes
-€1,099
Result 2025
€196,286
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€222,915
Investment
-€65,105
Financing
-€209,388
Cash 2024
€166,510
From operations (derived)
+€222,915
Net result for the year
+€196,286
Depreciation
+€50,223
Stocks and contracts
-€1,041
Receivables within one year
-€17,119
Deferred charges and accrued income
-€1,908
Trade debts
+€9,010
Tax, wage and social debts
-€13,788
Advances received
+€1,295
Other debts
-€498
Accrued charges and deferred income
+€454
Investment (derived)
-€65,105
Investment in fixed assets (net)
-€65,105
Financing
-€209,388
Debts after one year
-€21,948
Current portion of long-term debt
+€276
Contributions, distributions and other
-€187,716
Cash 2025
€114,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,224 | €347,594 | -€16,629 | -4.6% |
| Fixed assets | 21/28 | €180,099 | €194,981 | +€14,882 | +8.3% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €180,099 | €194,981 | +€14,882 | +8.3% |
| Plant, machinery and equipment | 23 | €112,604 | €93,676 | -€18,928 | -16.8% |
| Furniture and vehicles | 24 | €46,631 | €50,749 | +€4,118 | +8.8% |
| Other tangible fixed assets | 26 | €20,863 | €50,556 | +€29,693 | +142% |
| Current assets | 29/58 | €184,125 | €152,614 | -€31,511 | -17.1% |
| Stocks and contracts in progress | 3 | €10,000 | €11,041 | +€1,041 | +10.4% |
| Stocks | 30/36 | €10,000 | €11,041 | +€1,041 | +10.4% |
| Amounts receivable within one year | 40/41 | €5,911 | €23,030 | +€17,119 | +290% |
| Trade receivables | 40 | €943 | €3,370 | +€2,426 | +257% |
| Other amounts receivable | 41 | €4,968 | €19,660 | +€14,692 | +296% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €166,510 | €114,932 | -€51,578 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,703 | €3,611 | +€1,908 | +112% |
| Total equity and liabilities | 10/49 | €364,224 | €347,594 | -€16,629 | -4.6% |
| Equity | 10/15 | €222,846 | €231,416 | +€8,570 | +3.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €220,346 | €228,916 | +€8,570 | +3.9% |
| Distributable reserves | 133 | €220,346 | €228,916 | +€8,570 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,378 | €116,179 | -€25,199 | -17.8% |
| Amounts payable after more than one year | 17 | €46,041 | €24,093 | -€21,948 | -47.7% |
| Financial debts | 170/4 | €46,041 | €24,093 | -€21,948 | -47.7% |
| Amounts payable within one year | 42/48 | €94,444 | €90,739 | -€3,705 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €21,672 | €21,948 | +€276 | +1.3% |
| Trade debts | 44 | €14,033 | €23,042 | +€9,010 | +64.2% |
| Suppliers | 440/4 | €14,033 | €23,042 | +€9,010 | +64.2% |
| Advances received on contracts in progress | 46 | €1,500 | €2,795 | +€1,295 | +86.3% |
| Taxes, remuneration and social security | 45 | €50,917 | €37,129 | -€13,788 | -27.1% |
| Taxes | 450/3 | €23,694 | €6,890 | -€16,804 | -70.9% |
| Remuneration and social security | 454/9 | €27,223 | €30,238 | +€3,016 | +11.1% |
| Other amounts payable | 47/48 | €6,323 | €5,825 | -€498 | -7.9% |
| Accrued charges and deferred income | 492/3 | €892 | €1,346 | +€454 | +50.9% |
| Remuneration, social security and pensions | 62 | €241,318 | €266,996 | +€25,678 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,591 | €50,223 | +€4,633 | +10.2% |
| Other operating charges | 640/8 | €4,755 | €1,813 | -€2,942 | -61.9% |
| Gross operating margin | 9900 | €539,741 | €579,064 | +€39,323 | +7.3% |
| Operating profit (loss) | 9901 | €248,077 | €260,032 | +€11,955 | +4.8% |
| Financial income | 75/76B | €3,776 | €45 | -€3,731 | -98.8% |
| Recurring financial income | 75 | €3,776 | €45 | -€3,731 | -98.8% |
| Financial charges | 65/66B | €7,448 | €6,002 | -€1,445 | -19.4% |
| Recurring financial charges | 65 | €7,448 | €6,002 | -€1,445 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €244,406 | €254,075 | +€9,669 | +4.0% |
| Income taxes | 67/77 | €56,689 | €57,788 | +€1,099 | +1.9% |
| Profit (loss) for the period | 9904 | €187,716 | €196,286 | +€8,570 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €187,716 | €196,286 | +€8,570 | +4.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.