JVL: 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.
JVL
Largest movements
- Cash -€60,906
down €60,906 (-84.6%), from €71,981 to €11,075
mainly Trade debts (-€48,174) and Stocks and contracts (-€27,061)
- Stocks and contracts +€27,061
up €27,061 (+12.3%), from €220,224 to €247,286
of which Stocks: +€34,464
- Receivables within one year +€6,312
up €6,312 (+29.0%), from €21,782 to €28,094
of which Trade receivables: +€12,313
- Trade debts -€48,174
down €48,174 (-84.7%), from €56,875 to €8,700
- Profit (loss) carried forward +€20,883
up €20,883 (+61.6%), from €33,897 to €54,780
- Tax, wage and social debts -€7,309
down €7,309 (-91.9%), from €7,951 to €642
- Other debts +€6,924
up €6,924 (+8.6%), from €80,962 to €87,886
- Write-downs -€16,450
down €16,450, from €0 to -€16,450
- Gross operating margin +€11,488
up €11,488, from -€392 to €11,096
- Financial charges -€10,351
down €10,351 (-70.5%), from €14,691 to €4,340
- Depreciation -€1,769
down €1,769 (-99.8%), from €1,773 to €4
- Other operating charges -€1,322
down €1,322 (-39.5%), from €3,349 to €2,027
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 | €318,842 | €288,194 | -€30,648 | -9.6% |
| Fixed assets | 21/28 | €2,689 | €0 | -€2,689 | -100.0% |
| Tangible fixed assets | 22/27 | €2,689 | €0 | -€2,689 | -100.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €4 | €0 | -€4 | -100.0% |
| Furniture and vehicles | 24 | €2,685 | €0 | -€2,685 | -100.0% |
| Current assets | 29/58 | €316,154 | €288,194 | -€27,959 | -8.8% |
| Stocks and contracts in progress | 3 | €220,224 | €247,286 | +€27,061 | +12.3% |
| Stocks | 30/36 | €212,822 | €247,286 | +€34,464 | +16.2% |
| Contracts in progress | 37 | €7,403 | €0 | -€7,403 | -100.0% |
| Amounts receivable within one year | 40/41 | €21,782 | €28,094 | +€6,312 | +29.0% |
| Trade receivables | 40 | €14,676 | €26,989 | +€12,313 | +83.9% |
| Other amounts receivable | 41 | €7,106 | €1,105 | -€6,000 | -84.4% |
| Cash at bank and in hand | 54/58 | €71,981 | €11,075 | -€60,906 | -84.6% |
| Deferred charges and accrued income | 490/1 | €2,167 | €1,740 | -€427 | -19.7% |
| Total equity and liabilities | 10/49 | €318,842 | €288,194 | -€30,648 | -9.6% |
| Equity | 10/15 | €167,957 | €188,840 | +€20,883 | +12.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €94,060 | €94,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €94,060 | €94,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,897 | €54,780 | +€20,883 | +61.6% |
| Amounts payable | 17/49 | €150,885 | €99,354 | -€51,531 | -34.2% |
| Amounts payable within one year | 42/48 | €145,787 | €97,228 | -€48,559 | -33.3% |
| Trade debts | 44 | €56,875 | €8,700 | -€48,174 | -84.7% |
| Suppliers | 440/4 | €56,875 | €8,700 | -€48,174 | -84.7% |
| Taxes, remuneration and social security | 45 | €7,951 | €642 | -€7,309 | -91.9% |
| Taxes | 450/3 | €7,951 | €642 | -€7,309 | -91.9% |
| Other amounts payable | 47/48 | €80,962 | €87,886 | +€6,924 | +8.6% |
| Accrued charges and deferred income | 492/3 | €5,098 | €2,126 | -€2,972 | -58.3% |
| Non-recurring operating income | 76A | €17,898 | €1,927 | -€15,972 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €4 | -€1,769 | -99.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€16,450 | -€16,450 | |
| Other operating charges | 640/8 | €3,349 | €2,027 | -€1,322 | -39.5% |
| Gross operating margin | 9900 | -€392 | €11,096 | +€11,488 | |
| Operating profit (loss) | 9901 | -€5,514 | €25,515 | +€31,030 | |
| Financial charges | 65/66B | €14,691 | €4,340 | -€10,351 | -70.5% |
| Recurring financial charges | 65 | €14,691 | €4,340 | -€10,351 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,206 | €21,175 | +€41,381 | |
| Income taxes | 67/77 | €0 | €258 | +€258 | |
| Profit (loss) for the period | 9904 | -€20,206 | €20,917 | +€41,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,206 | €20,917 | +€41,123 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.