JVGT: 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.
JVGT
Largest movements
- Tangible fixed assets -€18,672
down €18,672 (-85.7%), from €21,784 to €3,111
of which Leasing and similar rights: -€18,379
- Cash +€8,501
up €8,501 (+217.0%), from €3,918 to €12,419
mainly Net result for the year (+€49,982) and Investment in fixed assets (net) (+€16,974)
- Receivables within one year +€5,111
up €5,111 (+6.5%), from €79,100 to €84,212
of which Other amounts receivable: +€7,066
- Deferred charges and accrued income +€1,121
up €1,121 (+38.2%), from €2,935 to €4,056
- Tax, wage and social debts +€13,663
up €13,663 (+92.1%), from €14,843 to €28,506
- Debts after one year -€13,233
no longer reported in 2025 (was €13,233)
- Current portion of long-term debt -€5,128
no longer reported in 2025 (was €5,128)
- Trade debts +€3,259
up €3,259 (+209.9%), from €1,553 to €4,811
- Other debts -€2,483
down €2,483 (-4.6%), from €53,983 to €51,500
- Other operating charges +€20,814
up €20,814 (+1170.8%), from €1,778 to €22,592
- Gross operating margin +€19,178
up €19,178 (+25.9%), from €74,105 to €93,282
- Depreciation -€2,194
down €2,194 (-56.4%), from €3,892 to €1,698
- Taxes +€1,459
up €1,459 (+9.4%), from €15,471 to €16,930
- Financial charges +€1,363
up €1,363 (+48.8%), from €2,791 to €4,154
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 | €107,737 | €103,798 | -€3,939 | -3.7% |
| Fixed assets | 21/28 | €21,784 | €3,111 | -€18,672 | -85.7% |
| Tangible fixed assets | 22/27 | €21,784 | €3,111 | -€18,672 | -85.7% |
| Furniture and vehicles | 24 | €3,405 | €3,111 | -€294 | -8.6% |
| Leasing and similar rights | 25 | €18,379 | - | -€18,379 | |
| Current assets | 29/58 | €85,953 | €100,687 | +€14,733 | +17.1% |
| Amounts receivable within one year | 40/41 | €79,100 | €84,212 | +€5,111 | +6.5% |
| Trade receivables | 40 | €46,561 | €44,607 | -€1,954 | -4.2% |
| Other amounts receivable | 41 | €32,539 | €39,605 | +€7,066 | +21.7% |
| Cash at bank and in hand | 54/58 | €3,918 | €12,419 | +€8,501 | +217.0% |
| Deferred charges and accrued income | 490/1 | €2,935 | €4,056 | +€1,121 | +38.2% |
| Total equity and liabilities | 10/49 | €107,737 | €103,798 | -€3,939 | -3.7% |
| Equity | 10/15 | €18,998 | €18,980 | -€18 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398 | €380 | -€18 | -4.4% |
| Amounts payable | 17/49 | €88,739 | €84,818 | -€3,921 | -4.4% |
| Amounts payable after more than one year | 17 | €13,233 | - | -€13,233 | |
| Financial debts | 170/4 | €13,233 | - | -€13,233 | |
| Amounts payable within one year | 42/48 | €75,506 | €84,818 | +€9,311 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €5,128 | - | -€5,128 | |
| Trade debts | 44 | €1,553 | €4,811 | +€3,259 | +209.9% |
| Suppliers | 440/4 | €1,553 | €4,811 | +€3,259 | +209.9% |
| Taxes, remuneration and social security | 45 | €14,843 | €28,506 | +€13,663 | +92.1% |
| Taxes | 450/3 | €14,843 | €28,506 | +€13,663 | +92.1% |
| Other amounts payable | 47/48 | €53,983 | €51,500 | -€2,483 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,892 | €1,698 | -€2,194 | -56.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,100 | - | -€1,100 | |
| Other operating charges | 640/8 | €1,778 | €22,592 | +€20,814 | +1170.8% |
| Gross operating margin | 9900 | €74,105 | €93,282 | +€19,178 | +25.9% |
| Operating profit (loss) | 9901 | €67,335 | €68,993 | +€1,658 | +2.5% |
| Financial income | 75/76B | €1,059 | €2,074 | +€1,015 | +95.8% |
| Recurring financial income | 75 | €1,059 | €2,074 | +€1,015 | +95.8% |
| Financial charges | 65/66B | €2,791 | €4,154 | +€1,363 | +48.8% |
| Recurring financial charges | 65 | €2,791 | €4,154 | +€1,363 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €65,602 | €66,912 | +€1,310 | +2.0% |
| Income taxes | 67/77 | €15,471 | €16,930 | +€1,459 | +9.4% |
| Profit (loss) for the period | 9904 | €50,132 | €49,982 | -€149 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,132 | €49,982 | -€149 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.