JVK: 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.
JVK
Largest movements
- Tangible fixed assets -€12,693
down €12,693 (-37.1%), from €34,177 to €21,484
of which Plant, machinery and equipment: -€10,405
- Receivables within one year -€6,031
down €6,031 (-31.4%), from €19,178 to €13,146
of which Trade receivables: -€8,426
- Deferred charges and accrued income -€2,362
down €2,362 (-29.6%), from €7,989 to €5,627
- Profit (loss) carried forward -€14,980
down €14,980, from €7,141 to -€7,839
- Short-term financial debts -€8,380
down €8,380 (-56.5%), from €14,829 to €6,449
- Trade debts +€3,550
up €3,550 (+215.3%), from €1,649 to €5,198
- Tax, wage and social debts -€1,798
down €1,798 (-47.5%), from €3,786 to €1,988
- Current portion of long-term debt -€1,246
no longer reported in 2025 (was €1,246)
- Gross operating margin -€16,276
down €16,276 (-93.5%), from €17,402 to €1,126
- Depreciation +€910
up €910 (+7.5%), from €12,175 to €13,085
- Financial charges +€864
up €864 (+61.1%), from €1,415 to €2,279
- Taxes -€654
down €654 (-98.5%), from €664 to €10
- Other operating charges -€203
down €203 (-21.7%), from €936 to €733
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 | €61,405 | €40,319 | -€21,087 | -34.3% |
| Fixed assets | 21/28 | €34,177 | €21,484 | -€12,693 | -37.1% |
| Tangible fixed assets | 22/27 | €34,177 | €21,484 | -€12,693 | -37.1% |
| Plant, machinery and equipment | 23 | €29,765 | €19,359 | -€10,405 | -35.0% |
| Furniture and vehicles | 24 | €4,413 | €2,125 | -€2,288 | -51.8% |
| Current assets | 29/58 | €27,228 | €18,834 | -€8,394 | -30.8% |
| Amounts receivable within one year | 40/41 | €19,178 | €13,146 | -€6,031 | -31.4% |
| Trade receivables | 40 | €19,178 | €10,752 | -€8,426 | -43.9% |
| Other amounts receivable | 41 | - | €2,394 | +€2,394 | |
| Cash at bank and in hand | 54/58 | €61 | €61 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €7,989 | €5,627 | -€2,362 | -29.6% |
| Total equity and liabilities | 10/49 | €61,405 | €40,319 | -€21,087 | -34.3% |
| Equity | 10/15 | €27,241 | €12,261 | -€14,980 | -55.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,600 | €17,600 | = | 0.0% |
| Distributable reserves | 133 | €17,600 | €17,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,141 | -€7,839 | -€14,980 | |
| Amounts payable | 17/49 | €34,164 | €28,058 | -€6,106 | -17.9% |
| Amounts payable within one year | 42/48 | €34,164 | €27,311 | -€6,853 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €1,246 | - | -€1,246 | |
| Financial debts | 43 | €14,829 | €6,449 | -€8,380 | -56.5% |
| Credit institutions | 430/8 | €14,829 | €6,449 | -€8,380 | -56.5% |
| Trade debts | 44 | €1,649 | €5,198 | +€3,550 | +215.3% |
| Suppliers | 440/4 | €1,649 | €5,198 | +€3,550 | +215.3% |
| Taxes, remuneration and social security | 45 | €3,786 | €1,988 | -€1,798 | -47.5% |
| Taxes | 450/3 | €3,786 | €1,988 | -€1,798 | -47.5% |
| Other amounts payable | 47/48 | €12,654 | €13,677 | +€1,022 | +8.1% |
| Accrued charges and deferred income | 492/3 | - | €747 | +€747 | |
| Non-recurring operating income | 76A | €5,819 | - | -€5,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,175 | €13,085 | +€910 | +7.5% |
| Other operating charges | 640/8 | €936 | €733 | -€203 | -21.7% |
| Gross operating margin | 9900 | €17,402 | €1,126 | -€16,276 | -93.5% |
| Operating profit (loss) | 9901 | €4,291 | -€12,692 | -€16,983 | |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.9% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.9% |
| Financial charges | 65/66B | €1,415 | €2,279 | +€864 | +61.1% |
| Recurring financial charges | 65 | €1,415 | €2,279 | +€864 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,900 | -€14,970 | -€17,870 | |
| Income taxes | 67/77 | €664 | €10 | -€654 | -98.5% |
| Profit (loss) for the period | 9904 | €2,236 | -€14,980 | -€17,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | -€14,980 | -€17,216 |
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.