JVH LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+103%), from €1.7m to €3.5m
of which Trade receivables: +€2.2m
- Trade debts +€2.1m
up €2.1m (+166%), from €1.3m to €3.4m
- Tax, wage and social debts -€393,987
down €393,987 (-96.3%), from €409,102 to €15,115
of which Taxes: -€398,578
- Staff costs +€66,318
new in 2025: €66,318
- Gross operating margin +€61,853
up €61,853 (+258%), from €23,965 to €85,817
- Financial charges +€4,272
up €4,272 (+108%), from €3,940 to €8,212
- Depreciation +€1,134
up €1,134 (+21.4%), from €5,309 to €6,443
- Taxes +€925
up €925 (+326%), from €283 to €1,208
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 | €1,747,844 | €3,496,895 | +€1.7m | +100% |
| Fixed assets | 21/28 | €30,472 | €25,927 | -€4,545 | -14.9% |
| Tangible fixed assets | 22/27 | €21,472 | €16,927 | -€4,545 | -21.2% |
| Plant, machinery and equipment | 23 | €3,904 | €2,858 | -€1,046 | -26.8% |
| Furniture and vehicles | 24 | €17,568 | €14,069 | -€3,499 | -19.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €1,717,372 | €3,470,968 | +€1.8m | +102% |
| Amounts receivable within one year | 40/41 | €1,707,541 | €3,470,333 | +€1.8m | +103% |
| Trade receivables | 40 | €1,270,290 | €3,431,568 | +€2.2m | +170% |
| Other amounts receivable | 41 | €437,251 | €38,765 | -€398,486 | -91.1% |
| Cash at bank and in hand | 54/58 | €3,172 | €606 | -€2,566 | -80.9% |
| Deferred charges and accrued income | 490/1 | €6,659 | €29 | -€6,630 | -99.6% |
| Total equity and liabilities | 10/49 | €1,747,844 | €3,496,895 | +€1.7m | +100% |
| Equity | 10/15 | €18,539 | €19,905 | +€1,366 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,056 | €2,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €197 | €197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,109 | -€743 | +€1,366 | +64.8% |
| Amounts payable | 17/49 | €1,729,305 | €3,476,990 | +€1.7m | +101% |
| Amounts payable within one year | 42/48 | €1,719,470 | €3,476,990 | +€1.8m | +102% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €467 | -€10,783 | -95.8% |
| Trade debts | 44 | €1,294,118 | €3,442,773 | +€2.1m | +166% |
| Suppliers | 440/4 | €1,294,118 | €3,442,773 | +€2.1m | +166% |
| Taxes, remuneration and social security | 45 | €409,102 | €15,115 | -€393,987 | -96.3% |
| Taxes | 450/3 | €409,102 | €10,524 | -€398,578 | -97.4% |
| Remuneration and social security | 454/9 | €0 | €4,591 | +€4,591 | |
| Other amounts payable | 47/48 | €5,000 | €18,635 | +€13,635 | +273% |
| Accrued charges and deferred income | 492/3 | €9,835 | - | -€9,835 | |
| Remuneration, social security and pensions | 62 | - | €66,318 | +€66,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,309 | €6,443 | +€1,134 | +21.4% |
| Other operating charges | 640/8 | €2,852 | €2,272 | -€580 | -20.3% |
| Gross operating margin | 9900 | €23,965 | €85,817 | +€61,853 | +258% |
| Operating profit (loss) | 9901 | €15,804 | €10,785 | -€5,019 | -31.8% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €3,940 | €8,212 | +€4,272 | +108% |
| Recurring financial charges | 65 | €3,940 | €8,212 | +€4,272 | +108% |
| Profit (loss) for the period before taxes | 9903 | €11,872 | €2,574 | -€9,298 | -78.3% |
| Income taxes | 67/77 | €283 | €1,208 | +€925 | +326% |
| Profit (loss) for the period | 9904 | €11,589 | €1,366 | -€10,223 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,589 | €1,366 | -€10,223 | -88.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.