JVM 2370: 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.
JVM 2370
Largest movements
- Cash -€25,258
down €25,258 (-33.6%), from €75,268 to €50,010
mainly Net result for the year (-€23,200) and Tax, wage and social debts (-€3,912)
- Tangible fixed assets -€7,632
down €7,632 (-69.1%), from €11,047 to €3,416
of which Furniture and vehicles: -€6,782
- Receivables within one year +€2,054
up €2,054 (+83.7%), from €2,456 to €4,510
of which Other amounts receivable: +€2,956
- Reserves -€23,200
down €23,200 (-29.5%), from €78,732 to €55,532
- Tax, wage and social debts -€3,912
down €3,912 (-63.0%), from €6,212 to €2,300
of which Taxes: -€5,762
- Current portion of long-term debt -€3,633
down €3,633 (-100%), from €3,633 to €0
- Gross operating margin -€52,300
down €52,300, from €36,137 to -€16,163
- Taxes -€6,212
down €6,212 (-100%), from €6,212 to €0
- Depreciation -€496
down €496 (-7.5%), from €6,580 to €6,084
- Other operating charges -€369
down €369 (-31.4%), from €1,178 to €808
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 | €89,424 | €58,459 | -€30,965 | -34.6% |
| Fixed assets | 21/28 | €11,047 | €3,416 | -€7,632 | -69.1% |
| Tangible fixed assets | 22/27 | €11,047 | €3,416 | -€7,632 | -69.1% |
| Plant, machinery and equipment | 23 | €3,291 | €2,441 | -€850 | -25.8% |
| Furniture and vehicles | 24 | €7,757 | €975 | -€6,782 | -87.4% |
| Current assets | 29/58 | €78,376 | €55,043 | -€23,333 | -29.8% |
| Amounts receivable within one year | 40/41 | €2,456 | €4,510 | +€2,054 | +83.7% |
| Trade receivables | 40 | €1,812 | €910 | -€902 | -49.8% |
| Other amounts receivable | 41 | €643 | €3,600 | +€2,956 | +460% |
| Cash at bank and in hand | 54/58 | €75,268 | €50,010 | -€25,258 | -33.6% |
| Deferred charges and accrued income | 490/1 | €653 | €523 | -€130 | -19.9% |
| Total equity and liabilities | 10/49 | €89,424 | €58,459 | -€30,965 | -34.6% |
| Equity | 10/15 | €78,732 | €55,532 | -€23,200 | -29.5% |
| Reserves | 13 | €78,732 | €55,532 | -€23,200 | -29.5% |
| Distributable reserves | 133 | €78,732 | €55,532 | -€23,200 | -29.5% |
| Amounts payable | 17/49 | €10,692 | €2,926 | -€7,766 | -72.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,442 | €2,926 | -€7,516 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €3,633 | €0 | -€3,633 | -100% |
| Trade debts | 44 | €597 | €298 | -€299 | -50.1% |
| Suppliers | 440/4 | €597 | €298 | -€299 | -50.1% |
| Taxes, remuneration and social security | 45 | €6,212 | €2,300 | -€3,912 | -63.0% |
| Taxes | 450/3 | €6,212 | €450 | -€5,762 | -92.8% |
| Remuneration and social security | 454/9 | €0 | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | - | €328 | +€328 | |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,580 | €6,084 | -€496 | -7.5% |
| Other operating charges | 640/8 | €1,178 | €808 | -€369 | -31.4% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100% |
| Gross operating margin | 9900 | €36,137 | -€16,163 | -€52,300 | |
| Operating profit (loss) | 9901 | €27,879 | -€23,056 | -€50,935 | |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €357 | €144 | -€213 | -59.7% |
| Recurring financial charges | 65 | €357 | €144 | -€213 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €27,539 | -€23,200 | -€50,738 | |
| Income taxes | 67/77 | €6,212 | €0 | -€6,212 | -100% |
| Profit (loss) for the period | 9904 | €21,327 | -€23,200 | -€44,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,327 | -€23,200 | -€44,527 |
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 26 October 2026 via checked.be.