JVK GROUP: 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 GROUP
Largest movements
- Financial fixed assets +€796,831
up €796,831 (+19.7%), from €4.1m to €4.8m
- Receivables within one year +€217,636
up €217,636 (+42,315%), from €514 to €218,150
of which Trade receivables: +€218,150
- Cash +€85,662
up €85,662 (+4,153%), from €2,062 to €87,724
mainly Other debts (+€796,641) and Net result for the year (+€260,622)
- Other debts +€796,641
up €796,641 (+48.2%), from €1.7m to €2.4m
- Reserves +€257,707
new in 2025: €257,707
- Gross operating margin +€342,843
up €342,843, from -€2,826 to €340,018
- Taxes +€79,236
new in 2025: €79,236
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 | €4,052,577 | €5,152,705 | +€1.1m | +27.1% |
| Fixed assets | 21/28 | €4,050,000 | €4,846,831 | +€796,831 | +19.7% |
| Financial fixed assets | 28 | €4,050,000 | €4,846,831 | +€796,831 | +19.7% |
| Current assets | 29/58 | €2,577 | €305,874 | +€303,298 | +11,770% |
| Amounts receivable within one year | 40/41 | €514 | €218,150 | +€217,636 | +42,315% |
| Trade receivables | 40 | - | €218,150 | +€218,150 | |
| Other amounts receivable | 41 | €514 | €0 | -€514 | -100% |
| Cash at bank and in hand | 54/58 | €2,062 | €87,724 | +€85,662 | +4,153% |
| Total equity and liabilities | 10/49 | €4,052,577 | €5,152,705 | +€1.1m | +27.1% |
| Equity | 10/15 | €85 | €260,707 | +€260,622 | +306,903% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €257,707 | +€257,707 | |
| Distributable reserves | 133 | - | €257,707 | +€257,707 | |
| Profit (loss) carried forward | 14 | -€2,915 | €0 | +€2,915 | |
| Amounts payable | 17/49 | €4,052,492 | €4,891,998 | +€839,506 | +20.7% |
| Amounts payable after more than one year | 17 | €2,400,000 | €2,400,000 | = | 0.0% |
| Financial debts | 170/4 | €2,400,000 | €2,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,652,492 | €2,491,998 | +€839,506 | +50.8% |
| Trade debts | 44 | €1,192 | €554 | -€638 | -53.5% |
| Suppliers | 440/4 | €1,192 | €554 | -€638 | -53.5% |
| Taxes, remuneration and social security | 45 | - | €43,503 | +€43,503 | |
| Taxes | 450/3 | - | €38,476 | +€38,476 | |
| Remuneration and social security | 454/9 | - | €5,028 | +€5,028 | |
| Other amounts payable | 47/48 | €1,651,300 | €2,447,941 | +€796,641 | +48.2% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140% |
| Gross operating margin | 9900 | -€2,826 | €340,018 | +€342,843 | |
| Operating profit (loss) | 9901 | -€2,876 | €339,898 | +€342,773 | |
| Financial charges | 65/66B | €40 | €40 | +€1 | +2.3% |
| Recurring financial charges | 65 | €40 | €40 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,915 | €339,857 | +€342,772 | |
| Income taxes | 67/77 | - | €79,236 | +€79,236 | |
| Profit (loss) for the period | 9904 | -€2,915 | €260,622 | +€263,537 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,915 | €260,622 | +€263,537 |
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 23 October 2026 via checked.be.