JVH Management: 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 Management
Largest movements
- Current investments +€20,000
up €20,000 (+11.8%), from €170,000 to €190,000
- Tangible fixed assets -€7,099
down €7,099 (-12.6%), from €56,425 to €49,326
of which Furniture and vehicles: -€10,301
- Receivables within one year -€3,340
down €3,340 (-18.1%), from €18,477 to €15,137
of which Trade receivables: -€2,888
- Other debts +€57,786
up €57,786 (+54.1%), from €106,881 to €164,667
- Reserves -€46,702
down €46,702 (-30.2%), from €154,505 to €107,803
- Tax, wage and social debts -€4,365
down €4,365 (-35.7%), from €12,216 to €7,851
of which Remuneration and social security: -€3,674
- Gross operating margin -€41,941
down €41,941 (-58.6%), from €71,560 to €29,620
- Taxes -€8,646
down €8,646 (-54.0%), from €16,001 to €7,355
- Financial charges +€8,411
up €8,411, from -€3,401 to €5,010
- Financial income +€7,523
up €7,523 (+351%), from €2,144 to €9,668
- Depreciation +€3,986
up €3,986 (+44.3%), from €9,003 to €12,989
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 | €289,164 | €297,640 | +€8,477 | +2.9% |
| Fixed assets | 21/28 | €56,425 | €49,326 | -€7,099 | -12.6% |
| Tangible fixed assets | 22/27 | €56,425 | €49,326 | -€7,099 | -12.6% |
| Plant, machinery and equipment | 23 | €2,586 | €6,514 | +€3,928 | +152% |
| Furniture and vehicles | 24 | €49,301 | €39,000 | -€10,301 | -20.9% |
| Other tangible fixed assets | 26 | €4,538 | €3,812 | -€726 | -16.0% |
| Current assets | 29/58 | €232,738 | €248,314 | +€15,576 | +6.7% |
| Amounts receivable within one year | 40/41 | €18,477 | €15,137 | -€3,340 | -18.1% |
| Trade receivables | 40 | €14,520 | €11,632 | -€2,888 | -19.9% |
| Other amounts receivable | 41 | €3,957 | €3,505 | -€453 | -11.4% |
| Current investments | 50/53 | €170,000 | €190,000 | +€20,000 | +11.8% |
| Cash at bank and in hand | 54/58 | €44,126 | €42,933 | -€1,192 | -2.7% |
| Deferred charges and accrued income | 490/1 | €136 | €244 | +€108 | +79.7% |
| Total equity and liabilities | 10/49 | €289,164 | €297,640 | +€8,477 | +2.9% |
| Equity | 10/15 | €166,905 | €120,203 | -€46,702 | -28.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,505 | €107,803 | -€46,702 | -30.2% |
| Distributable reserves | 133 | €154,505 | €107,803 | -€46,702 | -30.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,258 | €177,437 | +€55,179 | +45.1% |
| Amounts payable within one year | 42/48 | €119,374 | €172,559 | +€53,185 | +44.6% |
| Trade debts | 44 | €276 | €40 | -€236 | -85.5% |
| Suppliers | 440/4 | €276 | €40 | -€236 | -85.5% |
| Taxes, remuneration and social security | 45 | €12,216 | €7,851 | -€4,365 | -35.7% |
| Taxes | 450/3 | €8,542 | €7,851 | -€691 | -8.1% |
| Remuneration and social security | 454/9 | €3,674 | €0 | -€3,674 | -100% |
| Other amounts payable | 47/48 | €106,881 | €164,667 | +€57,786 | +54.1% |
| Accrued charges and deferred income | 492/3 | €2,885 | €4,879 | +€1,994 | +69.1% |
| Non-recurring operating income | 76A | €17,195 | €0 | -€17,195 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,003 | €12,989 | +€3,986 | +44.3% |
| Other operating charges | 640/8 | €347 | €284 | -€62 | -18.0% |
| Gross operating margin | 9900 | €71,560 | €29,620 | -€41,941 | -58.6% |
| Operating profit (loss) | 9901 | €62,211 | €16,346 | -€45,864 | -73.7% |
| Financial income | 75/76B | €2,144 | €9,668 | +€7,523 | +351% |
| Recurring financial income | 75 | €2,144 | €9,668 | +€7,523 | +351% |
| Financial charges | 65/66B | -€3,401 | €5,010 | +€8,411 | |
| Recurring financial charges | 65 | -€3,401 | €5,010 | +€8,411 | |
| Profit (loss) for the period before taxes | 9903 | €67,756 | €21,004 | -€46,752 | -69.0% |
| Income taxes | 67/77 | €16,001 | €7,355 | -€8,646 | -54.0% |
| Profit (loss) for the period | 9904 | €51,755 | €13,650 | -€38,105 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,755 | €13,650 | -€38,105 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.