JVG: 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.
JVG
Largest movements
- Receivables within one year -€5,371
down €5,371 (-21.9%), from €24,544 to €19,173
of which Other amounts receivable: -€5,373
- Cash -€1,809
down €1,809 (-11.3%), from €16,062 to €14,252
mainly Net result for the year (-€5,100) and Trade debts (-€2,202)
- Tangible fixed assets -€1,268
down €1,268 (-67.3%), from €1,885 to €617
of which Furniture and vehicles: -€806
- Profit (loss) carried forward -€5,100
down €5,100 (-68.8%), from €7,408 to €2,308
- Trade debts -€2,202
down €2,202 (-64.3%), from €3,423 to €1,221
- Tax, wage and social debts -€1,147
down €1,147 (-93.0%), from €1,233 to €86
- Purchases and services -€79,320
down €79,320 (-85.8%), from €92,440 to €13,121
- Gross operating margin -€15,743
down €15,743, from €12,968 to -€2,775
- Taxes -€2,281
no longer reported in 2025 (was €2,281)
- Depreciation -€2,084
down €2,084 (-62.2%), from €3,352 to €1,268
- Financial charges -€184
down €184 (-29.1%), from €634 to €450
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 | €45,491 | €37,042 | -€8,449 | -18.6% |
| Fixed assets | 21/28 | €4,885 | €3,617 | -€1,268 | -26.0% |
| Tangible fixed assets | 22/27 | €1,885 | €617 | -€1,268 | -67.3% |
| Plant, machinery and equipment | 23 | €971 | €508 | -€463 | -47.7% |
| Furniture and vehicles | 24 | €915 | €109 | -€806 | -88.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €40,606 | €33,425 | -€7,181 | -17.7% |
| Amounts receivable within one year | 40/41 | €24,544 | €19,173 | -€5,371 | -21.9% |
| Trade receivables | 40 | - | €2 | +€2 | |
| Other amounts receivable | 41 | €24,544 | €19,171 | -€5,373 | -21.9% |
| Cash at bank and in hand | 54/58 | €16,062 | €14,252 | -€1,809 | -11.3% |
| Total equity and liabilities | 10/49 | €45,491 | €37,042 | -€8,449 | -18.6% |
| Equity | 10/15 | €40,835 | €35,735 | -€5,100 | -12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,227 | €27,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,367 | €25,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,408 | €2,308 | -€5,100 | -68.8% |
| Amounts payable | 17/49 | €4,656 | €1,307 | -€3,349 | -71.9% |
| Amounts payable within one year | 42/48 | €4,656 | €1,307 | -€3,349 | -71.9% |
| Trade debts | 44 | €3,423 | €1,221 | -€2,202 | -64.3% |
| Suppliers | 440/4 | €3,423 | €1,221 | -€2,202 | -64.3% |
| Taxes, remuneration and social security | 45 | €1,233 | €86 | -€1,147 | -93.0% |
| Taxes | 450/3 | €1,233 | €86 | -€1,147 | -93.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €92,440 | €13,121 | -€79,320 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,352 | €1,268 | -€2,084 | -62.2% |
| Other operating charges | 640/8 | €686 | €609 | -€78 | -11.3% |
| Gross operating margin | 9900 | €12,968 | -€2,775 | -€15,743 | |
| Operating profit (loss) | 9901 | €8,929 | -€4,653 | -€13,582 | |
| Financial income | 75/76B | €3 | €3 | +€0 | +16.6% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +16.6% |
| Financial charges | 65/66B | €634 | €450 | -€184 | -29.1% |
| Recurring financial charges | 65 | €634 | €450 | -€184 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €8,297 | -€5,100 | -€13,397 | |
| Income taxes | 67/77 | €2,281 | - | -€2,281 | |
| Profit (loss) for the period | 9904 | €6,016 | -€5,100 | -€11,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,016 | -€5,100 | -€11,116 |
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 8 October 2026 via checked.be.