JVL ENGINEERING: what changed
Two fiscal 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 ENGINEERING
Largest movements
- Cash -€33,604
down €33,604 (-54.5%), from €61,621 to €28,017
mainly Receivables within one year (-€33,513) and Contributions, distributions and other (-€23,252)
- Receivables within one year +€33,513
up €33,513 (+302.1%), from €11,095 to €44,608
of which Trade receivables: +€32,046
- Tangible fixed assets -€8,199
down €8,199 (-37.7%), from €21,723 to €13,525
of which Furniture and vehicles: -€7,564
- Reserves -€13,046
down €13,046 (-16.7%), from €77,951 to €64,905
- Other debts +€4,811
up €4,811 (+560.4%), from €858 to €5,669
- Gross operating margin -€5,055
down €5,055 (-16.7%), from €30,227 to €25,172
- Taxes -€1,461
down €1,461 (-20.9%), from €6,983 to €5,522
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 | €95,616 | €87,226 | -€8,390 | -8.8% |
| Fixed assets | 21/28 | €21,763 | €13,565 | -€8,199 | -37.7% |
| Tangible fixed assets | 22/27 | €21,723 | €13,525 | -€8,199 | -37.7% |
| Plant, machinery and equipment | 23 | €2,485 | €1,850 | -€635 | -25.6% |
| Furniture and vehicles | 24 | €19,239 | €11,675 | -€7,564 | -39.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €73,853 | €73,662 | -€191 | -0.3% |
| Amounts receivable within one year | 40/41 | €11,095 | €44,608 | +€33,513 | +302.1% |
| Trade receivables | 40 | €10,067 | €42,113 | +€32,046 | +318.3% |
| Other amounts receivable | 41 | €1,027 | €2,495 | +€1,467 | +142.8% |
| Cash at bank and in hand | 54/58 | €61,621 | €28,017 | -€33,604 | -54.5% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,037 | -€100 | -8.8% |
| Total equity and liabilities | 10/49 | €95,616 | €87,226 | -€8,390 | -8.8% |
| Equity | 10/15 | €83,951 | €70,905 | -€13,046 | -15.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €77,951 | €64,905 | -€13,046 | -16.7% |
| Distributable reserves | 133 | €77,951 | €64,905 | -€13,046 | -16.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,665 | €16,321 | +€4,656 | +39.9% |
| Amounts payable within one year | 42/48 | €11,665 | €15,954 | +€4,289 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,316 | €914 | -€401 | -30.5% |
| Suppliers | 440/4 | €1,316 | €914 | -€401 | -30.5% |
| Taxes, remuneration and social security | 45 | €9,491 | €9,370 | -€121 | -1.3% |
| Taxes | 450/3 | €9,491 | €9,370 | -€121 | -1.3% |
| Other amounts payable | 47/48 | €858 | €5,669 | +€4,811 | +560.4% |
| Accrued charges and deferred income | 492/3 | - | €367 | +€367 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,352 | €8,199 | -€153 | -1.8% |
| Other operating charges | 640/8 | €1,271 | €1,210 | -€60 | -4.7% |
| Gross operating margin | 9900 | €30,227 | €25,172 | -€5,055 | -16.7% |
| Operating profit (loss) | 9901 | €20,604 | €15,763 | -€4,842 | -23.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €102 | €34 | -€68 | -66.5% |
| Recurring financial charges | 65 | €102 | €34 | -€68 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €20,503 | €15,729 | -€4,774 | -23.3% |
| Income taxes | 67/77 | €6,983 | €5,522 | -€1,461 | -20.9% |
| Profit (loss) for the period | 9904 | €13,520 | €10,207 | -€3,313 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,520 | €10,207 | -€3,313 | -24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.