JVG BUILD: 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.
JVG BUILD
Largest movements
- Receivables within one year +€64,361
up €64,361 (+17.8%), from €361,611 to €425,972
of which Other amounts receivable: +€45,405
- Cash +€5,944
up €5,944 (+36.3%), from €16,369 to €22,313
mainly Net result for the year (+€39,740) and Trade debts (+€20,600)
- Profit (loss) carried forward +€39,740
up €39,740 (+23.4%), from -€169,608 to -€129,867
- Trade debts +€20,600
up €20,600 (+347%), from €5,935 to €26,536
- Tax, wage and social debts +€13,654
up €13,654 (+447%), from €3,054 to €16,708
of which Taxes: +€13,654
- Gross operating margin +€81,505
up €81,505, from -€54,626 to €26,879
- Financial income -€2,909
down €2,909 (-13.8%), from €21,081 to €18,172
- Financial charges +€610
up €610 (+311%), from €196 to €806
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.
Derived cash bridge
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 | €394,871 | €468,280 | +€73,409 | +18.6% |
| Fixed assets | 21/28 | €13,702 | €16,807 | +€3,105 | +22.7% |
| Tangible fixed assets | 22/27 | €1,223 | €4,328 | +€3,105 | +254% |
| Plant, machinery and equipment | 23 | - | €3,923 | +€3,923 | |
| Furniture and vehicles | 24 | €1,223 | €404 | -€819 | -67.0% |
| Financial fixed assets | 28 | €12,479 | €12,479 | = | 0.0% |
| Current assets | 29/58 | €381,169 | €451,473 | +€70,305 | +18.4% |
| Stocks and contracts in progress | 3 | €3,188 | €3,188 | = | 0.0% |
| Stocks | 30/36 | €3,188 | €3,188 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €361,611 | €425,972 | +€64,361 | +17.8% |
| Trade receivables | 40 | €35,090 | €54,046 | +€18,956 | +54.0% |
| Other amounts receivable | 41 | €326,521 | €371,927 | +€45,405 | +13.9% |
| Cash at bank and in hand | 54/58 | €16,369 | €22,313 | +€5,944 | +36.3% |
| Total equity and liabilities | 10/49 | €394,871 | €468,280 | +€73,409 | +18.6% |
| Equity | 10/15 | €274,757 | €314,497 | +€39,740 | +14.5% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Contributions outside capital | 11 | €112,000 | €112,000 | = | 0.0% |
| Other | 1109/19 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €332,365 | €332,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €748 | €748 | = | 0.0% |
| Reserves not available under the articles | 1311 | €748 | €748 | = | 0.0% |
| Tax-exempt reserves | 132 | €331,616 | €331,616 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,608 | -€129,867 | +€39,740 | +23.4% |
| Provisions and deferred taxes | 16 | €110,539 | €110,539 | = | 0.0% |
| Deferred taxes | 168 | €110,539 | €110,539 | = | 0.0% |
| Amounts payable | 17/49 | €9,575 | €43,244 | +€33,669 | +352% |
| Amounts payable within one year | 42/48 | €9,575 | €43,244 | +€33,669 | +352% |
| Current portion of amounts payable after more than one year | 42 | €586 | - | -€586 | |
| Trade debts | 44 | €5,935 | €26,536 | +€20,600 | +347% |
| Suppliers | 440/4 | €5,935 | €26,536 | +€20,600 | +347% |
| Taxes, remuneration and social security | 45 | €3,054 | €16,708 | +€13,654 | +447% |
| Taxes | 450/3 | €2,854 | €16,508 | +€13,654 | +478% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €1,075 | +€257 | +31.3% |
| Other operating charges | 640/8 | €3,231 | €3,429 | +€198 | +6.1% |
| Gross operating margin | 9900 | -€54,626 | €26,879 | +€81,505 | |
| Operating profit (loss) | 9901 | -€58,677 | €22,375 | +€81,051 | |
| Financial income | 75/76B | €21,081 | €18,172 | -€2,909 | -13.8% |
| Recurring financial income | 75 | €21,081 | €18,172 | -€2,909 | -13.8% |
| Financial charges | 65/66B | €196 | €806 | +€610 | +311% |
| Recurring financial charges | 65 | €196 | €806 | +€610 | +311% |
| Profit (loss) for the period before taxes | 9903 | -€37,792 | €39,740 | +€77,532 | |
| Profit (loss) for the period | 9904 | -€37,792 | €39,740 | +€77,532 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,792 | €39,740 | +€77,532 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.