JVERMEIREN: what changed
JVERMEIREN
Largest movements
- Cash +€98,220
up €98,220 (+632%), from €15,532 to €113,752
mainly Net result for the year (+€75,892) and Receivables within one year (+€72,571)
- Receivables within one year -€72,571
down €72,571 (-45.5%), from €159,535 to €86,964
of which Trade receivables: -€92,490
- Current investments +€49,049
up €49,049 (+77.2%), from €63,500 to €112,549
- Tangible fixed assets +€7,933
new in 2025: €7,933
- Reserves +€39,600
up €39,600 (+22.3%), from €177,334 to €216,934
- Other debts +€36,292
new in 2025: €36,292
- Tax, wage and social debts +€8,664
up €8,664 (+18.6%), from €46,473 to €55,137
- Gross operating margin +€3,529
up €3,529 (+3.2%), from €110,704 to €114,234
- Financial income +€2,232
up €2,232 (+269%), from €829 to €3,060
of which Financial income: +€2,053
- Depreciation +€1,570
new in 2025: €1,570
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,566 | €321,198 | +€82,632 | +34.6% |
| Fixed assets | 21/28 | - | €7,933 | +€7,933 | |
| Tangible fixed assets | 22/27 | - | €7,933 | +€7,933 | |
| Furniture and vehicles | 24 | - | €7,933 | +€7,933 | |
| Current assets | 29/58 | €238,566 | €313,265 | +€74,699 | +31.3% |
| Amounts receivable within one year | 40/41 | €159,535 | €86,964 | -€72,571 | -45.5% |
| Trade receivables | 40 | €110,640 | €18,150 | -€92,490 | -83.6% |
| Other amounts receivable | 41 | €48,895 | €68,814 | +€19,919 | +40.7% |
| Current investments | 50/53 | €63,500 | €112,549 | +€49,049 | +77.2% |
| Cash at bank and in hand | 54/58 | €15,532 | €113,752 | +€98,220 | +632% |
| Total equity and liabilities | 10/49 | €238,566 | €321,198 | +€82,632 | +34.6% |
| Equity | 10/15 | €189,734 | €229,334 | +€39,600 | +20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €177,334 | €216,934 | +€39,600 | +22.3% |
| Distributable reserves | 133 | €177,334 | €216,934 | +€39,600 | +22.3% |
| Amounts payable | 17/49 | €48,832 | €91,864 | +€43,032 | +88.1% |
| Amounts payable within one year | 42/48 | €48,832 | €91,864 | +€43,032 | +88.1% |
| Trade debts | 44 | €2,359 | €436 | -€1,923 | -81.5% |
| Suppliers | 440/4 | €2,359 | €436 | -€1,923 | -81.5% |
| Taxes, remuneration and social security | 45 | €46,473 | €55,137 | +€8,664 | +18.6% |
| Taxes | 450/3 | €46,473 | €55,137 | +€8,664 | +18.6% |
| Other amounts payable | 47/48 | - | €36,292 | +€36,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,570 | +€1,570 | |
| Other operating charges | 640/8 | €1,436 | €1,131 | -€305 | -21.2% |
| Gross operating margin | 9900 | €110,704 | €114,234 | +€3,529 | +3.2% |
| Operating profit (loss) | 9901 | €109,269 | €111,533 | +€2,264 | +2.1% |
| Financial income | 75/76B | €829 | €3,060 | +€2,232 | +269% |
| Recurring financial income | 75 | €579 | €2,632 | +€2,053 | +355% |
| Non-recurring financial income | 76B | €250 | €428 | +€179 | +71.6% |
| Financial charges | 65/66B | €326 | €139 | -€187 | -57.3% |
| Recurring financial charges | 65 | €326 | €139 | -€187 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €109,771 | €114,454 | +€4,683 | +4.3% |
| Income taxes | 67/77 | €37,626 | €38,562 | +€936 | +2.5% |
| Profit (loss) for the period | 9904 | €72,145 | €75,892 | +€3,747 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,145 | €75,892 | +€3,747 | +5.2% |
Next steps
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 2 November 2026 via checked.be.