JVL Construct: 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 Construct
Largest movements
- Tangible fixed assets +€26,439
up €26,439 (+2264.2%), from €1,168 to €27,606
of which Furniture and vehicles: +€27,476
- Deferred charges and accrued income +€4,585
up €4,585 (+420.9%), from €1,089 to €5,674
- Reserves +€15,812
up €15,812 (+13.6%), from €115,949 to €131,761
of which Distributable reserves: +€15,812
- Current portion of long-term debt +€9,153
new in 2025: €9,153
- Debts after one year +€8,712
new in 2025: €8,712
- Tax, wage and social debts -€3,014
down €3,014 (-85.9%), from €3,511 to €497
- Gross operating margin -€4,166
down €4,166 (-16.1%), from €25,853 to €21,687
- Financial income +€2,592
up €2,592 (+357.0%), from €726 to €3,317
- Taxes -€518
down €518 (-7.4%), from €6,965 to €6,448
- Financial charges +€478
up €478, from -€200 to €278
- Depreciation +€378
up €378 (+32.5%), from €1,161 to €1,539
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 | €134,124 | €165,438 | +€31,315 | +23.3% |
| Fixed assets | 21/28 | €1,463 | €27,901 | +€26,439 | +1807.6% |
| Tangible fixed assets | 22/27 | €1,168 | €27,606 | +€26,439 | +2264.2% |
| Plant, machinery and equipment | 23 | €1,037 | - | -€1,037 | |
| Furniture and vehicles | 24 | €130 | €27,606 | +€27,476 | +21070.4% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €132,661 | €137,537 | +€4,876 | +3.7% |
| Stocks and contracts in progress | 3 | €637 | €937 | +€301 | +47.2% |
| Stocks | 30/36 | €637 | €937 | +€301 | +47.2% |
| Amounts receivable within one year | 40/41 | €831 | €218 | -€613 | -73.8% |
| Trade receivables | 40 | €175 | €218 | +€43 | +24.5% |
| Other amounts receivable | 41 | €656 | - | -€656 | |
| Current investments | 50/53 | €129,747 | €129,774 | +€28 | 0.0% |
| Cash at bank and in hand | 54/58 | €357 | €934 | +€577 | +161.4% |
| Deferred charges and accrued income | 490/1 | €1,089 | €5,674 | +€4,585 | +420.9% |
| Total equity and liabilities | 10/49 | €134,124 | €165,438 | +€31,315 | +23.3% |
| Equity | 10/15 | €128,349 | €144,161 | +€15,812 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,949 | €131,761 | +€15,812 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,089 | €129,901 | +€15,812 | +13.9% |
| Amounts payable | 17/49 | €5,775 | €21,278 | +€15,503 | +268.4% |
| Amounts payable after more than one year | 17 | - | €8,712 | +€8,712 | |
| Financial debts | 170/4 | - | €8,712 | +€8,712 | |
| Amounts payable within one year | 42/48 | €5,775 | €12,566 | +€6,791 | +117.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,153 | +€9,153 | |
| Trade debts | 44 | €31 | €243 | +€212 | +690.6% |
| Suppliers | 440/4 | €31 | €243 | +€212 | +690.6% |
| Taxes, remuneration and social security | 45 | €3,511 | €497 | -€3,014 | -85.9% |
| Taxes | 450/3 | €3,511 | €497 | -€3,014 | -85.9% |
| Other amounts payable | 47/48 | €2,233 | €2,673 | +€440 | +19.7% |
| Non-recurring operating income | 76A | €9,917 | €13,730 | +€3,813 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €1,539 | +€378 | +32.5% |
| Other operating charges | 640/8 | €1,013 | €929 | -€84 | -8.3% |
| Gross operating margin | 9900 | €25,853 | €21,687 | -€4,166 | -16.1% |
| Operating profit (loss) | 9901 | €23,679 | €19,220 | -€4,459 | -18.8% |
| Financial income | 75/76B | €726 | €3,317 | +€2,592 | +357.0% |
| Recurring financial income | 75 | €726 | €3,317 | +€2,592 | +357.0% |
| Financial charges | 65/66B | -€200 | €278 | +€478 | |
| Recurring financial charges | 65 | -€200 | €278 | +€478 | |
| Profit (loss) for the period before taxes | 9903 | €24,605 | €22,260 | -€2,346 | -9.5% |
| Income taxes | 67/77 | €6,965 | €6,448 | -€518 | -7.4% |
| Profit (loss) for the period | 9904 | €17,640 | €15,812 | -€1,828 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,640 | €15,812 | -€1,828 | -10.4% |
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.