JVH mgmt: 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 mgmt
Largest movements
- Cash +€122,386
up €122,386 (+448.4%), from €27,296 to €149,682
mainly Net result for the year (+€114,576) and Tax, wage and social debts (+€28,562)
- Receivables within one year +€17,158
up €17,158 (+85.0%), from €20,197 to €37,355
- Tangible fixed assets +€2,809
new in 2025: €2,809
- Stocks and contracts +€2,310
new in 2025: €2,310
- Reserves +€114,576
up €114,576 (+383.9%), from €29,847 to €144,423
- Tax, wage and social debts +€28,562
up €28,562 (+181.0%), from €15,782 to €44,343
- Gross operating margin +€110,619
up €110,619 (+289.0%), from €38,280 to €148,899
- Taxes +€24,530
up €24,530 (+321.5%), from €7,630 to €32,159
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 | €50,391 | €195,109 | +€144,719 | +287.2% |
| Fixed assets | 21/28 | - | €2,809 | +€2,809 | |
| Tangible fixed assets | 22/27 | - | €2,809 | +€2,809 | |
| Furniture and vehicles | 24 | - | €2,809 | +€2,809 | |
| Current assets | 29/58 | €50,391 | €192,301 | +€141,910 | +281.6% |
| Stocks and contracts in progress | 3 | - | €2,310 | +€2,310 | |
| Stocks | 30/36 | - | €2,310 | +€2,310 | |
| Amounts receivable within one year | 40/41 | €20,197 | €37,355 | +€17,158 | +85.0% |
| Trade receivables | 40 | €20,197 | €37,355 | +€17,158 | +85.0% |
| Cash at bank and in hand | 54/58 | €27,296 | €149,682 | +€122,386 | +448.4% |
| Deferred charges and accrued income | 490/1 | €2,898 | €2,954 | +€56 | +1.9% |
| Total equity and liabilities | 10/49 | €50,391 | €195,109 | +€144,719 | +287.2% |
| Equity | 10/15 | €32,847 | €147,423 | +€114,576 | +348.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,847 | €144,423 | +€114,576 | +383.9% |
| Distributable reserves | 133 | €29,847 | €144,423 | +€114,576 | +383.9% |
| Amounts payable | 17/49 | €17,543 | €47,686 | +€30,143 | +171.8% |
| Amounts payable within one year | 42/48 | €17,543 | €47,686 | +€30,143 | +171.8% |
| Trade debts | 44 | €1,162 | €1,874 | +€712 | +61.3% |
| Suppliers | 440/4 | €1,162 | €1,874 | +€712 | +61.3% |
| Taxes, remuneration and social security | 45 | €15,782 | €44,343 | +€28,562 | +181.0% |
| Taxes | 450/3 | €15,782 | €44,343 | +€28,562 | +181.0% |
| Other amounts payable | 47/48 | €600 | €1,469 | +€869 | +144.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €735 | +€735 | |
| Other operating charges | 640/8 | €480 | €311 | -€169 | -35.2% |
| Gross operating margin | 9900 | €38,280 | €148,899 | +€110,619 | +289.0% |
| Operating profit (loss) | 9901 | €37,800 | €147,853 | +€110,054 | +291.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €323 | €1,134 | +€811 | +251.3% |
| Recurring financial charges | 65 | €323 | €1,134 | +€811 | +251.3% |
| Profit (loss) for the period before taxes | 9903 | €37,477 | €146,735 | +€109,259 | +291.5% |
| Income taxes | 67/77 | €7,630 | €32,159 | +€24,530 | +321.5% |
| Profit (loss) for the period | 9904 | €29,847 | €114,576 | +€84,729 | +283.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,847 | €114,576 | +€84,729 | +283.9% |
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 12 October 2026 via checked.be.