JVLco: 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.
JVLco
Largest movements
- Receivables within one year +€65,066
up €65,066 (+462%), from €14,073 to €79,139
of which Trade receivables: +€67,214
- Cash +€16,170
up €16,170 (+45.8%), from €35,306 to €51,476
mainly Net result for the year (+€76,481) and Tax, wage and social debts (+€42,610)
- Tangible fixed assets -€1,403
down €1,403 (-32.0%), from €4,385 to €2,983
of which Furniture and vehicles: -€1,028
- Reserves +€42,951
up €42,951 (+204%), from €21,053 to €64,004
of which Distributable reserves: +€44,811
- Tax, wage and social debts +€42,610
up €42,610 (+428%), from €9,950 to €52,559
of which Remuneration and social security: +€34,965
- Other debts -€15,865
no longer reported in 2025 (was €15,865)
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Trade debts -€1,835
down €1,835 (-44.4%), from €4,134 to €2,299
- Gross operating margin +€67,439
up €67,439 (+192%), from €35,135 to €102,575
- Taxes +€14,123
up €14,123 (+182%), from €7,745 to €21,868
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 | €57,203 | €137,463 | +€80,261 | +140% |
| Fixed assets | 21/28 | €4,385 | €2,983 | -€1,403 | -32.0% |
| Tangible fixed assets | 22/27 | €4,385 | €2,983 | -€1,403 | -32.0% |
| Plant, machinery and equipment | 23 | €1,714 | €1,339 | -€375 | -21.9% |
| Furniture and vehicles | 24 | €2,671 | €1,643 | -€1,028 | -38.5% |
| Current assets | 29/58 | €52,818 | €134,481 | +€81,663 | +155% |
| Amounts receivable within one year | 40/41 | €14,073 | €79,139 | +€65,066 | +462% |
| Trade receivables | 40 | €11,926 | €79,139 | +€67,214 | +564% |
| Other amounts receivable | 41 | €2,148 | - | -€2,148 | |
| Cash at bank and in hand | 54/58 | €35,306 | €51,476 | +€16,170 | +45.8% |
| Deferred charges and accrued income | 490/1 | €3,438 | €3,866 | +€428 | +12.4% |
| Total equity and liabilities | 10/49 | €57,203 | €137,463 | +€80,261 | +140% |
| Equity | 10/15 | €27,253 | €82,604 | +€55,351 | +203% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €21,053 | €64,004 | +€42,951 | +204% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €19,193 | €64,004 | +€44,811 | +233% |
| Amounts payable | 17/49 | €29,950 | €54,859 | +€24,909 | +83.2% |
| Amounts payable within one year | 42/48 | €29,950 | €54,859 | +€24,909 | +83.2% |
| Trade debts | 44 | €4,134 | €2,299 | -€1,835 | -44.4% |
| Suppliers | 440/4 | €4,134 | €2,299 | -€1,835 | -44.4% |
| Taxes, remuneration and social security | 45 | €9,950 | €52,559 | +€42,610 | +428% |
| Taxes | 450/3 | €9,950 | €17,595 | +€7,645 | +76.8% |
| Remuneration and social security | 454/9 | - | €34,965 | +€34,965 | |
| Other amounts payable | 47/48 | €15,865 | - | -€15,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €1,403 | +€416 | +42.2% |
| Other operating charges | 640/8 | €1,204 | €679 | -€525 | -43.6% |
| Non-recurring operating charges | 66A | €2,668 | - | -€2,668 | |
| Gross operating margin | 9900 | €35,135 | €102,575 | +€67,439 | +192% |
| Operating profit (loss) | 9901 | €30,277 | €100,493 | +€70,216 | +232% |
| Financial income | 75/76B | €185 | €326 | +€141 | +76.4% |
| Recurring financial income | 75 | €185 | €326 | +€141 | +76.4% |
| Financial charges | 65/66B | €1,982 | €2,470 | +€488 | +24.6% |
| Recurring financial charges | 65 | €1,982 | €2,470 | +€488 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €28,480 | €98,349 | +€69,869 | +245% |
| Income taxes | 67/77 | €7,745 | €21,868 | +€14,123 | +182% |
| Profit (loss) for the period | 9904 | €20,735 | €76,481 | +€55,746 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €20,735 | €76,481 | +€55,746 | +269% |
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 25 October 2026 via checked.be.