JVM HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€76,813
up €76,813 (+36.5%), from €210,524 to €287,337
of which Trade receivables: +€62,680
- Tangible fixed assets +€73,358
up €73,358 (+16.6%), from €441,549 to €514,907
of which Land and buildings: +€72,339
- Other debts +€87,627
up €87,627 (+41.5%), from €210,978 to €298,605
- Debts after one year +€35,433
up €35,433 (+8.9%), from €397,773 to €433,206
- Reserves +€20,041
up €20,041 (+11.6%), from €172,121 to €192,161
of which Distributable reserves: +€20,041
- Gross operating margin +€25,742
up €25,742 (+15.8%), from €162,761 to €188,503
- Depreciation +€17,984
up €17,984 (+51.7%), from €34,809 to €52,793
- Staff costs -€3,636
down €3,636 (-3.8%), from €95,093 to €91,457
- Financial charges +€2,709
up €2,709 (+21.9%), from €12,370 to €15,079
- Taxes +€2,344
up €2,344 (+41.9%), from €5,598 to €7,941
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 | €886,377 | €1,036,257 | +€149,880 | +16.9% |
| Fixed assets | 21/28 | €673,176 | €746,534 | +€73,358 | +10.9% |
| Tangible fixed assets | 22/27 | €441,549 | €514,907 | +€73,358 | +16.6% |
| Land and buildings | 22 | €441,519 | €513,857 | +€72,339 | +16.4% |
| Furniture and vehicles | 24 | €30 | €1,050 | +€1,020 | +3,396% |
| Financial fixed assets | 28 | €231,627 | €231,627 | = | 0.0% |
| Current assets | 29/58 | €213,201 | €289,723 | +€76,522 | +35.9% |
| Amounts receivable within one year | 40/41 | €210,524 | €287,337 | +€76,813 | +36.5% |
| Trade receivables | 40 | €137,050 | €199,730 | +€62,680 | +45.7% |
| Other amounts receivable | 41 | €73,474 | €87,607 | +€14,133 | +19.2% |
| Cash at bank and in hand | 54/58 | €880 | €746 | -€134 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,797 | €1,640 | -€157 | -8.7% |
| Total equity and liabilities | 10/49 | €886,377 | €1,036,257 | +€149,880 | +16.9% |
| Equity | 10/15 | €209,429 | €229,470 | +€20,041 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,121 | €192,161 | +€20,041 | +11.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €172,121 | €192,161 | +€20,041 | +11.6% |
| Profit (loss) carried forward | 14 | €18,708 | €18,708 | = | 0.0% |
| Amounts payable | 17/49 | €676,948 | €806,787 | +€129,839 | +19.2% |
| Amounts payable after more than one year | 17 | €397,773 | €433,206 | +€35,433 | +8.9% |
| Financial debts | 170/4 | €397,773 | €433,206 | +€35,433 | +8.9% |
| Amounts payable within one year | 42/48 | €278,840 | €372,269 | +€93,429 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €30,158 | €40,041 | +€9,883 | +32.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,277 | €7,384 | -€2,893 | -28.1% |
| Suppliers | 440/4 | €10,277 | €7,384 | -€2,893 | -28.1% |
| Taxes, remuneration and social security | 45 | €27,427 | €26,239 | -€1,188 | -4.3% |
| Taxes | 450/3 | €9,130 | €7,980 | -€1,150 | -12.6% |
| Remuneration and social security | 454/9 | €18,297 | €18,259 | -€38 | -0.2% |
| Other amounts payable | 47/48 | €210,978 | €298,605 | +€87,627 | +41.5% |
| Accrued charges and deferred income | 492/3 | €335 | €1,313 | +€978 | +292% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €95,093 | €91,457 | -€3,636 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,809 | €52,793 | +€17,984 | +51.7% |
| Other operating charges | 640/8 | €2,212 | €2,695 | +€483 | +21.8% |
| Gross operating margin | 9900 | €162,761 | €188,503 | +€25,742 | +15.8% |
| Operating profit (loss) | 9901 | €30,647 | €41,557 | +€10,911 | +35.6% |
| Financial income | 75/76B | €981 | €1,504 | +€523 | +53.3% |
| Recurring financial income | 75 | €981 | €1,504 | +€523 | +53.3% |
| Financial charges | 65/66B | €12,370 | €15,079 | +€2,709 | +21.9% |
| Recurring financial charges | 65 | €12,370 | €15,079 | +€2,709 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €19,257 | €27,982 | +€8,725 | +45.3% |
| Income taxes | 67/77 | €5,598 | €7,941 | +€2,344 | +41.9% |
| Profit (loss) for the period | 9904 | €13,660 | €20,041 | +€6,381 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,660 | €20,041 | +€6,381 | +46.7% |
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 16 October 2026 via checked.be.