JVE91: 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.
JVE91
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-12.5%), from €200,000 to €175,000
- Tangible fixed assets -€20,376
down €20,376 (-26.9%), from €75,609 to €55,233
of which Furniture and vehicles: -€19,192
- Other debts -€85,510
down €85,510 (-35.6%), from €240,372 to €154,862
- Reserves +€57,164
up €57,164 (+43.4%), from €131,685 to €188,849
- Debts after one year -€17,952
down €17,952 (-35.0%), from €51,326 to €33,373
No income-statement line moved by more than 1% of the activity.
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 | €458,497 | €410,843 | -€47,653 | -10.4% |
| Formation expenses | 20 | €3,473 | €2,351 | -€1,123 | -32.3% |
| Fixed assets | 21/28 | €275,609 | €230,233 | -€45,376 | -16.5% |
| Intangible fixed assets | 21 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Tangible fixed assets | 22/27 | €75,609 | €55,233 | -€20,376 | -26.9% |
| Furniture and vehicles | 24 | €70,810 | €51,617 | -€19,192 | -27.1% |
| Other tangible fixed assets | 26 | €4,799 | €3,616 | -€1,184 | -24.7% |
| Current assets | 29/58 | €179,414 | €178,260 | -€1,155 | -0.6% |
| Amounts receivable within one year | 40/41 | €13,655 | €16,597 | +€2,943 | +21.6% |
| Trade receivables | 40 | - | €3,068 | +€3,068 | |
| Other amounts receivable | 41 | €13,655 | €13,529 | -€125 | -0.9% |
| Cash at bank and in hand | 54/58 | €163,246 | €158,964 | -€4,282 | -2.6% |
| Deferred charges and accrued income | 490/1 | €2,514 | €2,699 | +€185 | +7.3% |
| Total equity and liabilities | 10/49 | €458,497 | €410,843 | -€47,653 | -10.4% |
| Equity | 10/15 | €136,685 | €193,849 | +€57,164 | +41.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,685 | €188,849 | +€57,164 | +43.4% |
| Distributable reserves | 133 | €131,685 | €188,849 | +€57,164 | +43.4% |
| Amounts payable | 17/49 | €321,812 | €216,994 | -€104,817 | -32.6% |
| Amounts payable after more than one year | 17 | €51,326 | €33,373 | -€17,952 | -35.0% |
| Financial debts | 170/4 | €51,326 | €33,373 | -€17,952 | -35.0% |
| Amounts payable within one year | 42/48 | €270,486 | €183,621 | -€86,865 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €22,273 | €23,042 | +€770 | +3.5% |
| Trade debts | 44 | €2,154 | - | -€2,154 | |
| Suppliers | 440/4 | €2,154 | - | -€2,154 | |
| Taxes, remuneration and social security | 45 | €5,688 | €5,716 | +€29 | +0.5% |
| Taxes | 450/3 | €5,688 | €5,716 | +€29 | +0.5% |
| Other amounts payable | 47/48 | €240,372 | €154,862 | -€85,510 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,998 | €47,388 | +€390 | +0.8% |
| Other operating charges | 640/8 | €1,188 | €1,123 | -€65 | -5.5% |
| Gross operating margin | 9900 | €131,647 | €131,575 | -€72 | -0.1% |
| Operating profit (loss) | 9901 | €83,461 | €83,064 | -€397 | -0.5% |
| Financial charges | 65/66B | €4,335 | €3,713 | -€623 | -14.4% |
| Recurring financial charges | 65 | €4,335 | €3,713 | -€623 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €79,125 | €79,351 | +€226 | +0.3% |
| Income taxes | 67/77 | €22,247 | €22,187 | -€60 | -0.3% |
| Profit (loss) for the period | 9904 | €56,878 | €57,164 | +€286 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,878 | €57,164 | +€286 | +0.5% |
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 29 September 2026 via checked.be.