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
- Cash -€16,789
down €16,789 (-98.7%), from €17,002 to €213
mainly Net result for the year (-€13,215) and Other debts (-€6,328)
- Tangible fixed assets -€6,766
down €6,766 (-90.0%), from €7,522 to €756
of which Furniture and vehicles: -€6,118
- Receivables within one year +€6,186
up €6,186 (+1718.3%), from €360 to €6,546
of which Trade receivables: +€6,166
- Profit (loss) carried forward -€13,215
down €13,215, from €3,113 to -€10,103
- Trade debts +€6,813
up €6,813 (+2905.3%), from €234 to €7,047
- Other debts -€6,328
down €6,328 (-68.2%), from €9,278 to €2,950
- Tax, wage and social debts -€4,639
down €4,639 (-55.4%), from €8,369 to €3,730
of which Taxes: -€4,639
- Gross operating margin -€15,813
down €15,813, from €11,508 to -€4,305
- Taxes -€1,698
down €1,698, from €1,655 to -€43
- Financial charges +€979
up €979 (+292.5%), from €335 to €1,313
- Other operating charges +€488
up €488 (+125.0%), from €390 to €878
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 | €37,834 | €20,465 | -€17,369 | -45.9% |
| Fixed assets | 21/28 | €20,472 | €13,706 | -€6,766 | -33.1% |
| Tangible fixed assets | 22/27 | €7,522 | €756 | -€6,766 | -90.0% |
| Furniture and vehicles | 24 | €6,873 | €756 | -€6,118 | -89.0% |
| Leasing and similar rights | 25 | €649 | €0 | -€649 | -100.0% |
| Financial fixed assets | 28 | €12,950 | €12,950 | = | 0.0% |
| Current assets | 29/58 | €17,362 | €6,759 | -€10,603 | -61.1% |
| Amounts receivable within one year | 40/41 | €360 | €6,546 | +€6,186 | +1718.3% |
| Trade receivables | 40 | €360 | €6,526 | +€6,166 | +1712.9% |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €17,002 | €213 | -€16,789 | -98.7% |
| Total equity and liabilities | 10/49 | €37,834 | €20,465 | -€17,369 | -45.9% |
| Equity | 10/15 | €19,953 | €6,737 | -€13,215 | -66.2% |
| Contributions | 10/11 | €16,840 | €16,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,113 | -€10,103 | -€13,215 | |
| Amounts payable | 17/49 | €17,881 | €13,727 | -€4,154 | -23.2% |
| Amounts payable within one year | 42/48 | €17,881 | €13,727 | -€4,154 | -23.2% |
| Trade debts | 44 | €234 | €7,047 | +€6,813 | +2905.3% |
| Suppliers | 440/4 | €234 | €7,047 | +€6,813 | +2905.3% |
| Taxes, remuneration and social security | 45 | €8,369 | €3,730 | -€4,639 | -55.4% |
| Taxes | 450/3 | €8,369 | €3,730 | -€4,639 | -55.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,278 | €2,950 | -€6,328 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,812 | €6,766 | -€46 | -0.7% |
| Other operating charges | 640/8 | €390 | €878 | +€488 | +125.0% |
| Gross operating margin | 9900 | €11,508 | -€4,305 | -€15,813 | |
| Operating profit (loss) | 9901 | €4,305 | -€11,950 | -€16,255 | |
| Financial income | 75/76B | €32 | €4 | -€27 | -86.7% |
| Recurring financial income | 75 | €32 | €4 | -€27 | -86.7% |
| Financial charges | 65/66B | €335 | €1,313 | +€979 | +292.5% |
| Recurring financial charges | 65 | €335 | €1,313 | +€979 | +292.5% |
| Profit (loss) for the period before taxes | 9903 | €4,002 | -€13,259 | -€17,261 | |
| Income taxes | 67/77 | €1,655 | -€43 | -€1,698 | |
| Profit (loss) for the period | 9904 | €2,348 | -€13,215 | -€15,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,348 | -€13,215 | -€15,563 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.