JVH Welding Constructions: 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 Welding Constructions
Largest movements
- Receivables within one year +€25,474
up €25,474 (+183%), from €13,902 to €39,377
of which Trade receivables: +€17,148
- Cash +€4,602
up €4,602 (+598%), from €770 to €5,372
mainly Net result for the year (+€24,935) and Depreciation (+€8,832)
- Deferred charges and accrued income -€2,080
down €2,080 (-65.4%), from €3,183 to €1,103
- Reserves +€27,583
new in 2025: €27,583
- Debts after one year -€8,440
down €8,440 (-27.8%), from €30,384 to €21,943
- Tax, wage and social debts +€7,316
up €7,316 (+197%), from €3,715 to €11,031
of which Taxes: +€8,536
- Trade debts +€4,162
up €4,162 (+53.6%), from €7,772 to €11,934
- Profit (loss) carried forward -€2,648
no longer reported in 2025 (was €2,648)
- Gross operating margin +€52,027
up €52,027, from -€5,022 to €47,005
- Taxes +€8,635
up €8,635 (+45,761%), from €19 to €8,654
- Financial charges +€1,243
up €1,243 (+36.0%), from €3,452 to €4,695
- Depreciation +€1,230
up €1,230 (+16.2%), from €7,602 to €8,832
- Other operating charges +€506
up €506 (+69.2%), from €731 to €1,237
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 | €59,959 | €88,303 | +€28,344 | +47.3% |
| Fixed assets | 21/28 | €24,604 | €24,458 | -€146 | -0.6% |
| Intangible fixed assets | 21 | €41 | €21 | -€20 | -48.3% |
| Tangible fixed assets | 22/27 | €22,012 | €21,886 | -€126 | -0.6% |
| Plant, machinery and equipment | 23 | €11,818 | €14,915 | +€3,097 | +26.2% |
| Furniture and vehicles | 24 | €10,195 | €6,971 | -€3,223 | -31.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €35,355 | €63,845 | +€28,489 | +80.6% |
| Amounts receivable after more than one year | 29 | €17,500 | €17,994 | +€494 | +2.8% |
| Other amounts receivable | 291 | €17,500 | €17,994 | +€494 | +2.8% |
| Amounts receivable within one year | 40/41 | €13,902 | €39,377 | +€25,474 | +183% |
| Trade receivables | 40 | €906 | €18,054 | +€17,148 | +1,893% |
| Other amounts receivable | 41 | €12,997 | €21,322 | +€8,326 | +64.1% |
| Cash at bank and in hand | 54/58 | €770 | €5,372 | +€4,602 | +598% |
| Deferred charges and accrued income | 490/1 | €3,183 | €1,103 | -€2,080 | -65.4% |
| Total equity and liabilities | 10/49 | €59,959 | €88,303 | +€28,344 | +47.3% |
| Equity | 10/15 | €5,148 | €30,083 | +€24,935 | +484% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €27,583 | +€27,583 | |
| Distributable reserves | 133 | - | €27,583 | +€27,583 | |
| Profit (loss) carried forward | 14 | €2,648 | - | -€2,648 | |
| Amounts payable | 17/49 | €54,811 | €58,220 | +€3,409 | +6.2% |
| Amounts payable after more than one year | 17 | €30,384 | €21,943 | -€8,440 | -27.8% |
| Financial debts | 170/4 | €30,384 | €21,943 | -€8,440 | -27.8% |
| Amounts payable within one year | 42/48 | €24,427 | €36,277 | +€11,849 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €7,854 | €8,440 | +€586 | +7.5% |
| Financial debts | 43 | €5,087 | €4,871 | -€216 | -4.2% |
| Credit institutions | 430/8 | €5,087 | €4,871 | -€216 | -4.2% |
| Trade debts | 44 | €7,772 | €11,934 | +€4,162 | +53.6% |
| Suppliers | 440/4 | €7,772 | €11,934 | +€4,162 | +53.6% |
| Taxes, remuneration and social security | 45 | €3,715 | €11,031 | +€7,316 | +197% |
| Taxes | 450/3 | €2,495 | €11,031 | +€8,536 | +342% |
| Remuneration and social security | 454/9 | €1,220 | - | -€1,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,602 | €8,832 | +€1,230 | +16.2% |
| Other operating charges | 640/8 | €731 | €1,237 | +€506 | +69.2% |
| Gross operating margin | 9900 | -€5,022 | €47,005 | +€52,027 | |
| Operating profit (loss) | 9901 | -€13,355 | €36,935 | +€50,290 | |
| Financial income | 75/76B | €1,124 | €1,348 | +€224 | +19.9% |
| Recurring financial income | 75 | €1,124 | €1,348 | +€224 | +19.9% |
| Financial charges | 65/66B | €3,452 | €4,695 | +€1,243 | +36.0% |
| Recurring financial charges | 65 | €3,452 | €4,695 | +€1,243 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,682 | €33,589 | +€49,271 | |
| Income taxes | 67/77 | €19 | €8,654 | +€8,635 | +45,761% |
| Profit (loss) for the period | 9904 | -€15,701 | €24,935 | +€40,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,701 | €24,935 | +€40,636 |
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 14 October 2026 via checked.be.