JVDW PROJECTS: 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.
JVDW PROJECTS
Largest movements
- Receivables within one year +€24,928
up €24,928 (+1493.0%), from €1,670 to €26,597
of which Trade receivables: +€19,975
- Cash +€15,776
up €15,776 (+15054.6%), from €105 to €15,880
mainly Advances received (+€24,350) and Net result for the year (+€16,200)
- Tangible fixed assets -€508
down €508 (-96.8%), from €525 to €17
- Advances received +€24,350
new in 2025: €24,350
- Profit (loss) carried forward +€16,200
up €16,200, from -€5,941 to €10,260
- Trade debts -€2,179
no longer reported in 2025 (was €2,179)
- Tax, wage and social debts +€2,037
up €2,037 (+197.4%), from €1,032 to €3,069
- Other debts -€811
down €811 (-30.1%), from €2,694 to €1,883
- Gross operating margin +€26,675
up €26,675, from -€6,080 to €20,595
- Taxes +€2,771
new in 2025: €2,771
- Other operating charges -€292
down €292 (-32.0%), from €912 to €620
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 | €2,964 | €42,961 | +€39,997 | +1349.4% |
| Fixed assets | 21/28 | €525 | €17 | -€508 | -96.8% |
| Tangible fixed assets | 22/27 | €525 | €17 | -€508 | -96.8% |
| Furniture and vehicles | 24 | €525 | €17 | -€508 | -96.8% |
| Current assets | 29/58 | €2,439 | €42,945 | +€40,506 | +1660.7% |
| Amounts receivable within one year | 40/41 | €1,670 | €26,597 | +€24,928 | +1493.0% |
| Trade receivables | 40 | €1,227 | €21,203 | +€19,975 | +1627.6% |
| Other amounts receivable | 41 | €442 | €5,395 | +€4,952 | +1119.7% |
| Cash at bank and in hand | 54/58 | €105 | €15,880 | +€15,776 | +15054.6% |
| Deferred charges and accrued income | 490/1 | €665 | €467 | -€198 | -29.7% |
| Total equity and liabilities | 10/49 | €2,964 | €42,961 | +€39,997 | +1349.4% |
| Equity | 10/15 | -€2,941 | €13,260 | +€16,200 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,941 | €10,260 | +€16,200 | |
| Amounts payable | 17/49 | €5,905 | €29,702 | +€23,797 | +403.0% |
| Amounts payable within one year | 42/48 | €5,905 | €29,302 | +€23,397 | +396.2% |
| Trade debts | 44 | €2,179 | - | -€2,179 | |
| Suppliers | 440/4 | €2,179 | - | -€2,179 | |
| Advances received on contracts in progress | 46 | - | €24,350 | +€24,350 | |
| Taxes, remuneration and social security | 45 | €1,032 | €3,069 | +€2,037 | +197.4% |
| Taxes | 450/3 | €1,032 | €3,069 | +€2,037 | +197.4% |
| Other amounts payable | 47/48 | €2,694 | €1,883 | -€811 | -30.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €508 | +€17 | +3.4% |
| Other operating charges | 640/8 | €912 | €620 | -€292 | -32.0% |
| Non-recurring operating charges | 66A | €1,361 | - | -€1,361 | |
| Gross operating margin | 9900 | -€6,080 | €20,595 | +€26,675 | |
| Operating profit (loss) | 9901 | -€8,845 | €19,467 | +€28,312 | |
| Financial income | 75/76B | €80 | €19 | -€60 | -75.6% |
| Recurring financial income | 75 | €80 | €19 | -€60 | -75.6% |
| Financial charges | 65/66B | €671 | €515 | -€156 | -23.3% |
| Recurring financial charges | 65 | €671 | €515 | -€156 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,436 | €18,972 | +€28,408 | |
| Income taxes | 67/77 | - | €2,771 | +€2,771 | |
| Profit (loss) for the period | 9904 | -€9,436 | €16,200 | +€25,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,436 | €16,200 | +€25,637 |
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 10 October 2026 via checked.be.