JVHerve 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.
JVHerve Management
Largest movements
- Cash +€54,054
up €54,054 (+387%), from €13,960 to €68,014
mainly Other debts (+€36,210) and Net result for the year (+€32,931)
- Financial fixed assets -€16,000
down €16,000 (-84.5%), from €18,938 to €2,938
- Tangible fixed assets -€11,483
down €11,483 (-21.3%), from €53,996 to €42,514
of which Furniture and vehicles: -€6,599
- Receivables within one year +€3,119
up €3,119 (+191%), from €1,637 to €4,756
of which Other amounts receivable: +€3,119
- Other debts +€36,210
up €36,210 (+93.4%), from €38,780 to €74,990
- Profit (loss) carried forward -€6,069
down €6,069 (-89.9%), from €6,748 to €679
- Gross operating margin +€32,594
up €32,594 (+87.4%), from €37,314 to €69,909
- Taxes +€5,135
up €5,135 (+92.3%), from €5,561 to €10,695
- Financial income +€1,536
up €1,536 (+4,911%), from €31 to €1,567
- Depreciation +€1,018
up €1,018 (+4.5%), from €22,464 to €23,483
- Other operating charges +€937
up €937 (+242%), from €387 to €1,324
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 | €88,531 | €118,221 | +€29,690 | +33.5% |
| Fixed assets | 21/28 | €72,934 | €45,452 | -€27,483 | -37.7% |
| Tangible fixed assets | 22/27 | €53,996 | €42,514 | -€11,483 | -21.3% |
| Plant, machinery and equipment | 23 | €14,378 | €9,495 | -€4,883 | -34.0% |
| Furniture and vehicles | 24 | €39,618 | €33,019 | -€6,599 | -16.7% |
| Financial fixed assets | 28 | €18,938 | €2,938 | -€16,000 | -84.5% |
| Current assets | 29/58 | €15,597 | €72,769 | +€57,173 | +367% |
| Amounts receivable within one year | 40/41 | €1,637 | €4,756 | +€3,119 | +191% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €1,637 | €4,756 | +€3,119 | +191% |
| Cash at bank and in hand | 54/58 | €13,960 | €68,014 | +€54,054 | +387% |
| Total equity and liabilities | 10/49 | €88,531 | €118,221 | +€29,690 | +33.5% |
| Equity | 10/15 | €45,458 | €39,389 | -€6,069 | -13.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,710 | €35,710 | = | 0.0% |
| Distributable reserves | 133 | €35,710 | €35,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,748 | €679 | -€6,069 | -89.9% |
| Amounts payable | 17/49 | €43,073 | €78,832 | +€35,759 | +83.0% |
| Amounts payable within one year | 42/48 | €43,073 | €78,832 | +€35,759 | +83.0% |
| Trade debts | 44 | €3,697 | €3,082 | -€616 | -16.7% |
| Suppliers | 440/4 | €3,697 | €3,082 | -€616 | -16.7% |
| Taxes, remuneration and social security | 45 | €596 | €760 | +€164 | +27.6% |
| Taxes | 450/3 | €596 | €760 | +€164 | +27.6% |
| Other amounts payable | 47/48 | €38,780 | €74,990 | +€36,210 | +93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,464 | €23,483 | +€1,018 | +4.5% |
| Other operating charges | 640/8 | €387 | €1,324 | +€937 | +242% |
| Gross operating margin | 9900 | €37,314 | €69,909 | +€32,594 | +87.4% |
| Operating profit (loss) | 9901 | €14,463 | €45,102 | +€30,639 | +212% |
| Financial income | 75/76B | €31 | €1,567 | +€1,536 | +4,911% |
| Recurring financial income | 75 | €31 | €1,567 | +€1,536 | +4,911% |
| Financial charges | 65/66B | €2,919 | €3,042 | +€123 | +4.2% |
| Recurring financial charges | 65 | €2,919 | €3,042 | +€123 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €11,575 | €43,627 | +€32,052 | +277% |
| Income taxes | 67/77 | €5,561 | €10,695 | +€5,135 | +92.3% |
| Profit (loss) for the period | 9904 | €6,014 | €32,931 | +€26,917 | +448% |
| Profit (loss) for the period to be appropriated | 9905 | €6,014 | €32,931 | +€26,917 | +448% |
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 31 October 2026 via checked.be.