JVG GEURTS: 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 GEURTS
Largest movements
- Receivables within one year +€26,566
up €26,566 (+90.6%), from €29,337 to €55,903
of which Trade receivables: +€16,690
- Cash -€8,487
down €8,487 (-100%), from €8,487 to €0
mainly Receivables within one year (-€26,566) and Other debts (-€1,656)
- Tangible fixed assets -€1,033
down €1,033 (-59.3%), from €1,742 to €709
of which Plant, machinery and equipment: -€708
- Reserves +€8,528
up €8,528 (+30.6%), from €27,856 to €36,384
- Profit (loss) carried forward +€6,922
up €6,922, from -€6,922 to €0
- Tax, wage and social debts +€1,781
up €1,781 (+38.2%), from €4,663 to €6,444
- Other debts -€1,656
down €1,656 (-100%), from €1,656 to €0
- Trade debts +€990
up €990 (+42.1%), from €2,351 to €3,341
- Gross operating margin +€27,423
up €27,423 (+652%), from €4,205 to €31,628
- Taxes +€3,471
up €3,471, from -€27 to €3,444
- Financial charges -€1,167
down €1,167 (-66.7%), from €1,751 to €583
- Financial income +€637
up €637 (+1,883%), from €34 to €670
- Depreciation -€494
down €494 (-32.3%), from €1,527 to €1,033
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 | €39,605 | €57,097 | +€17,492 | +44.2% |
| Fixed assets | 21/28 | €1,742 | €709 | -€1,033 | -59.3% |
| Tangible fixed assets | 22/27 | €1,742 | €709 | -€1,033 | -59.3% |
| Plant, machinery and equipment | 23 | €1,330 | €622 | -€708 | -53.2% |
| Furniture and vehicles | 24 | €412 | €87 | -€325 | -79.0% |
| Current assets | 29/58 | €37,863 | €56,388 | +€18,525 | +48.9% |
| Amounts receivable within one year | 40/41 | €29,337 | €55,903 | +€26,566 | +90.6% |
| Trade receivables | 40 | €22,638 | €39,329 | +€16,690 | +73.7% |
| Other amounts receivable | 41 | €6,699 | €16,575 | +€9,875 | +147% |
| Cash at bank and in hand | 54/58 | €8,487 | €0 | -€8,487 | -100% |
| Deferred charges and accrued income | 490/1 | €39 | €485 | +€446 | +1,152% |
| Total equity and liabilities | 10/49 | €39,605 | €57,097 | +€17,492 | +44.2% |
| Equity | 10/15 | €30,934 | €46,384 | +€15,449 | +49.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,856 | €36,384 | +€8,528 | +30.6% |
| Distributable reserves | 133 | €27,856 | €36,384 | +€8,528 | +30.6% |
| Profit (loss) carried forward | 14 | -€6,922 | €0 | +€6,922 | |
| Amounts payable | 17/49 | €8,671 | €10,714 | +€2,043 | +23.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,671 | €10,714 | +€2,043 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €929 | +€929 | |
| Credit institutions | 430/8 | - | €929 | +€929 | |
| Trade debts | 44 | €2,351 | €3,341 | +€990 | +42.1% |
| Suppliers | 440/4 | €2,351 | €3,341 | +€990 | +42.1% |
| Taxes, remuneration and social security | 45 | €4,663 | €6,444 | +€1,781 | +38.2% |
| Taxes | 450/3 | €4,663 | €6,444 | +€1,781 | +38.2% |
| Other amounts payable | 47/48 | €1,656 | €0 | -€1,656 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,527 | €1,033 | -€494 | -32.3% |
| Other operating charges | 640/8 | €716 | €579 | -€138 | -19.2% |
| Non-recurring operating charges | 66A | €7,193 | €11,210 | +€4,017 | +55.8% |
| Gross operating margin | 9900 | €4,205 | €31,628 | +€27,423 | +652% |
| Operating profit (loss) | 9901 | -€5,232 | €18,806 | +€24,038 | |
| Financial income | 75/76B | €34 | €670 | +€637 | +1,883% |
| Recurring financial income | 75 | €34 | €670 | +€637 | +1,883% |
| Financial charges | 65/66B | €1,751 | €583 | -€1,167 | -66.7% |
| Recurring financial charges | 65 | €1,751 | €583 | -€1,167 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,949 | €18,893 | +€25,842 | |
| Income taxes | 67/77 | -€27 | €3,444 | +€3,471 | |
| Profit (loss) for the period | 9904 | -€6,922 | €15,449 | +€22,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,922 | €15,449 | +€22,371 |
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 31 October 2026 via checked.be.