JVL M&C: 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 M&C
Largest movements
- Cash +€14,300
up €14,300 (+30.2%), from €47,388 to €61,688
mainly Other debts (+€49,442) and Net result for the year (+€41,068)
- Receivables within one year -€12,720
down €12,720 (-51.5%), from €24,720 to €12,000
- Tangible fixed assets -€6,850
down €6,850 (-37.5%), from €18,269 to €11,419
of which Furniture and vehicles: -€4,421
- Other debts +€49,442
new in 2025: €49,442
- Profit (loss) carried forward -€32,898
no longer reported in 2025 (was €32,898)
- Trade debts -€11,920
down €11,920 (-89.9%), from €13,255 to €1,335
- Tax, wage and social debts -€6,802
down €6,802 (-22.9%), from €29,740 to €22,938
- Debts after one year -€3,139
down €3,139 (-79.9%), from €3,931 to €792
- Depreciation -€7,831
down €7,831 (-52.3%), from €14,974 to €7,143
- Gross operating margin +€7,081
up €7,081 (+13.4%), from €52,829 to €59,910
- Taxes +€1,206
up €1,206 (+12.0%), from €10,071 to €11,277
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 | €103,377 | €98,106 | -€5,271 | -5.1% |
| Fixed assets | 21/28 | €21,269 | €14,419 | -€6,850 | -32.2% |
| Tangible fixed assets | 22/27 | €18,269 | €11,419 | -€6,850 | -37.5% |
| Furniture and vehicles | 24 | €7,776 | €3,355 | -€4,421 | -56.9% |
| Other tangible fixed assets | 26 | €10,493 | €8,064 | -€2,429 | -23.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €82,108 | €83,688 | +€1,580 | +1.9% |
| Amounts receivable within one year | 40/41 | €24,720 | €12,000 | -€12,720 | -51.5% |
| Trade receivables | 40 | €24,720 | €12,000 | -€12,720 | -51.5% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,388 | €61,688 | +€14,300 | +30.2% |
| Total equity and liabilities | 10/49 | €103,377 | €98,106 | -€5,271 | -5.1% |
| Equity | 10/15 | €53,358 | €20,460 | -€32,898 | -61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,898 | - | -€32,898 | |
| Amounts payable | 17/49 | €50,019 | €77,646 | +€27,627 | +55.2% |
| Amounts payable after more than one year | 17 | €3,931 | €792 | -€3,139 | -79.9% |
| Financial debts | 170/4 | €3,931 | €792 | -€3,139 | -79.9% |
| Amounts payable within one year | 42/48 | €46,088 | €76,855 | +€30,767 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €3,093 | €3,139 | +€46 | +1.5% |
| Trade debts | 44 | €13,255 | €1,335 | -€11,920 | -89.9% |
| Suppliers | 440/4 | €13,255 | €1,335 | -€11,920 | -89.9% |
| Taxes, remuneration and social security | 45 | €29,740 | €22,938 | -€6,802 | -22.9% |
| Taxes | 450/3 | €29,740 | €22,938 | -€6,802 | -22.9% |
| Other amounts payable | 47/48 | - | €49,442 | +€49,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,974 | €7,143 | -€7,831 | -52.3% |
| Other operating charges | 640/8 | €733 | €682 | -€51 | -6.9% |
| Gross operating margin | 9900 | €52,829 | €59,910 | +€7,081 | +13.4% |
| Operating profit (loss) | 9901 | €37,122 | €52,085 | +€14,963 | +40.3% |
| Financial income | 75/76B | €450 | €625 | +€175 | +38.9% |
| Recurring financial income | 75 | €450 | €625 | +€175 | +38.9% |
| Financial charges | 65/66B | €354 | €365 | +€11 | +3.2% |
| Recurring financial charges | 65 | €354 | €365 | +€11 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €37,218 | €52,345 | +€15,127 | +40.6% |
| Income taxes | 67/77 | €10,071 | €11,277 | +€1,206 | +12.0% |
| Profit (loss) for the period | 9904 | €27,147 | €41,068 | +€13,921 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,147 | €41,068 | +€13,921 | +51.3% |
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 24 October 2026 via checked.be.