JVH CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€28,257
down €28,257 (-14.4%), from €195,933 to €167,676
of which Trade receivables: -€33,945
- Cash +€15,413
up €15,413 (+76.8%), from €20,073 to €35,486
mainly Receivables within one year (+€28,257) and Net result for the year (+€4,510)
- Tax, wage and social debts -€17,946
down €17,946 (-70.7%), from €25,374 to €7,429
of which Remuneration and social security: -€12,876
- Reserves +€4,510
up €4,510 (+12.3%), from €36,559 to €41,069
- Gross operating margin +€1,583
up €1,583 (+20.7%), from €7,641 to €9,224
- Financial charges +€1,146
up €1,146 (+1,200%), from €96 to €1,242
- Depreciation -€257
down €257 (-72.3%), from €356 to €99
- Other operating charges +€251
up €251 (+47.5%), from €528 to €779
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 | €216,094 | €204,154 | -€11,940 | -5.5% |
| Fixed assets | 21/28 | €89 | €616 | +€528 | +593% |
| Tangible fixed assets | 22/27 | €89 | €616 | +€528 | +593% |
| Plant, machinery and equipment | 23 | €89 | €616 | +€528 | +593% |
| Current assets | 29/58 | €216,005 | €203,538 | -€12,467 | -5.8% |
| Amounts receivable within one year | 40/41 | €195,933 | €167,676 | -€28,257 | -14.4% |
| Trade receivables | 40 | €136,022 | €102,076 | -€33,945 | -25.0% |
| Other amounts receivable | 41 | €59,911 | €65,599 | +€5,688 | +9.5% |
| Cash at bank and in hand | 54/58 | €20,073 | €35,486 | +€15,413 | +76.8% |
| Deferred charges and accrued income | 490/1 | - | €376 | +€376 | |
| Total equity and liabilities | 10/49 | €216,094 | €204,154 | -€11,940 | -5.5% |
| Equity | 10/15 | €37,559 | €42,069 | +€4,510 | +12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,559 | €41,069 | +€4,510 | +12.3% |
| Distributable reserves | 133 | €36,559 | €41,069 | +€4,510 | +12.3% |
| Amounts payable | 17/49 | €178,536 | €162,086 | -€16,450 | -9.2% |
| Amounts payable within one year | 42/48 | €178,536 | €162,086 | -€16,450 | -9.2% |
| Trade debts | 44 | €101,058 | €101,263 | +€206 | +0.2% |
| Suppliers | 440/4 | €101,058 | €101,263 | +€206 | +0.2% |
| Taxes, remuneration and social security | 45 | €25,374 | €7,429 | -€17,946 | -70.7% |
| Taxes | 450/3 | €12,498 | €7,429 | -€5,069 | -40.6% |
| Remuneration and social security | 454/9 | €12,876 | - | -€12,876 | |
| Other amounts payable | 47/48 | €52,104 | €53,393 | +€1,290 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €99 | -€257 | -72.3% |
| Other operating charges | 640/8 | €528 | €779 | +€251 | +47.5% |
| Gross operating margin | 9900 | €7,641 | €9,224 | +€1,583 | +20.7% |
| Operating profit (loss) | 9901 | €6,758 | €8,347 | +€1,589 | +23.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €96 | €1,242 | +€1,146 | +1,200% |
| Recurring financial charges | 65 | €96 | €1,242 | +€1,146 | +1,200% |
| Profit (loss) for the period before taxes | 9903 | €6,662 | €7,106 | +€444 | +6.7% |
| Income taxes | 67/77 | €2,604 | €2,596 | -€8 | -0.3% |
| Profit (loss) for the period | 9904 | €4,058 | €4,510 | +€452 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,058 | €4,510 | +€452 | +11.1% |
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 16 October 2026 via checked.be.