JVH: 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.
JVH
Largest movements
- Current investments +€10,000
new in 2025: €10,000
- Cash -€5,891
down €5,891 (-24.6%), from €23,980 to €18,088
mainly Current investments (-€10,000) and Receivables within one year (-€3,868)
- Receivables within one year +€3,868
up €3,868 (+888.1%), from €436 to €4,303
of which Other amounts receivable: +€3,486
- Stocks and contracts -€928
down €928 (-43.1%), from €2,152 to €1,224
- Reserves +€6,558
new in 2025: €6,558
- Other debts +€1,649
up €1,649 (+28.1%), from €5,875 to €7,524
- Trade debts -€1,049
down €1,049 (-52.9%), from €1,983 to €934
- Tax, wage and social debts -€436
down €436 (-100.0%), from €436 to €0
- Gross operating margin +€8,009
up €8,009 (+283.2%), from €2,829 to €10,838
- Taxes +€3,083
up €3,083 (+706.6%), from €436 to €3,519
- Financial income +€171
up €171 (+1535.2%), from €11 to €182
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 | €26,567 | €33,616 | +€7,049 | +26.5% |
| Current assets | 29/58 | €26,567 | €33,616 | +€7,049 | +26.5% |
| Stocks and contracts in progress | 3 | €2,152 | €1,224 | -€928 | -43.1% |
| Stocks | 30/36 | €2,152 | €1,224 | -€928 | -43.1% |
| Amounts receivable within one year | 40/41 | €436 | €4,303 | +€3,868 | +888.1% |
| Trade receivables | 40 | €0 | €382 | +€382 | |
| Other amounts receivable | 41 | €436 | €3,922 | +€3,486 | +800.5% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €23,980 | €18,088 | -€5,891 | -24.6% |
| Total equity and liabilities | 10/49 | €26,567 | €33,616 | +€7,049 | +26.5% |
| Equity | 10/15 | €18,273 | €25,158 | +€6,886 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €6,558 | +€6,558 | |
| Distributable reserves | 133 | - | €6,558 | +€6,558 | |
| Profit (loss) carried forward | 14 | -€327 | €0 | +€327 | |
| Amounts payable | 17/49 | €8,294 | €8,458 | +€164 | +2.0% |
| Amounts payable within one year | 42/48 | €8,294 | €8,458 | +€164 | +2.0% |
| Trade debts | 44 | €1,983 | €934 | -€1,049 | -52.9% |
| Suppliers | 440/4 | €1,983 | €934 | -€1,049 | -52.9% |
| Taxes, remuneration and social security | 45 | €436 | €0 | -€436 | -100.0% |
| Taxes | 450/3 | €436 | €0 | -€436 | -100.0% |
| Other amounts payable | 47/48 | €5,875 | €7,524 | +€1,649 | +28.1% |
| Other operating charges | 640/8 | €505 | €570 | +€64 | +12.7% |
| Gross operating margin | 9900 | €2,829 | €10,838 | +€8,009 | +283.2% |
| Operating profit (loss) | 9901 | €2,323 | €10,268 | +€7,945 | +342.0% |
| Financial income | 75/76B | €11 | €182 | +€171 | +1535.2% |
| Recurring financial income | 75 | €11 | €182 | +€171 | +1535.2% |
| Financial charges | 65/66B | €30 | €45 | +€15 | +51.3% |
| Recurring financial charges | 65 | €30 | €45 | +€15 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €2,304 | €10,405 | +€8,101 | +351.5% |
| Income taxes | 67/77 | €436 | €3,519 | +€3,083 | +706.6% |
| Profit (loss) for the period | 9904 | €1,868 | €6,886 | +€5,017 | +268.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,868 | €6,886 | +€5,017 | +268.6% |
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 10 October 2026 via checked.be.