JVM-Solutions: 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.
JVM-Solutions
Largest movements
- Tangible fixed assets -€15,766
down €15,766 (-37.7%), from €41,868 to €26,102
of which Leasing and similar rights: -€8,925
- Cash -€3,778
down €3,778 (-23.3%), from €16,209 to €12,431
mainly Contributions, distributions and other (-€55,838) and Current portion of long-term debt (-€10,109)
- Deferred charges and accrued income +€3,030
up €3,030 (+411.1%), from €737 to €3,767
- Receivables within one year -€1,639
down €1,639 (-3.2%), from €51,483 to €49,844
of which Trade receivables: -€1,931
- Current portion of long-term debt -€10,109
no longer reported in 2025 (was €10,109)
- Short-term financial debts -€7,841
no longer reported in 2025 (was €7,841)
- Other debts +€7,726
up €7,726 (+14.3%), from €53,902 to €61,627
- Tax, wage and social debts -€7,079
down €7,079 (-25.1%), from €28,244 to €21,165
- Trade debts -€1,462
down €1,462 (-54.4%), from €2,686 to €1,224
- Gross operating margin +€14,570
up €14,570 (+18.0%), from €81,088 to €95,659
- Taxes +€3,404
up €3,404 (+28.2%), from €12,093 to €15,497
- Depreciation -€2,817
down €2,817 (-11.5%), from €24,439 to €21,622
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 | €121,403 | €103,389 | -€18,015 | -14.8% |
| Fixed assets | 21/28 | €41,868 | €26,102 | -€15,766 | -37.7% |
| Tangible fixed assets | 22/27 | €41,868 | €26,102 | -€15,766 | -37.7% |
| Plant, machinery and equipment | 23 | €24,598 | €21,523 | -€3,074 | -12.5% |
| Furniture and vehicles | 24 | €4,471 | €1,185 | -€3,287 | -73.5% |
| Leasing and similar rights | 25 | €8,925 | - | -€8,925 | |
| Other tangible fixed assets | 26 | €3,874 | €3,394 | -€480 | -12.4% |
| Current assets | 29/58 | €79,535 | €77,287 | -€2,248 | -2.8% |
| Stocks and contracts in progress | 3 | €11,106 | €11,245 | +€139 | +1.3% |
| Stocks | 30/36 | €11,106 | €11,245 | +€139 | +1.3% |
| Amounts receivable within one year | 40/41 | €51,483 | €49,844 | -€1,639 | -3.2% |
| Trade receivables | 40 | €51,273 | €49,341 | -€1,931 | -3.8% |
| Other amounts receivable | 41 | €211 | €503 | +€292 | +138.7% |
| Cash at bank and in hand | 54/58 | €16,209 | €12,431 | -€3,778 | -23.3% |
| Deferred charges and accrued income | 490/1 | €737 | €3,767 | +€3,030 | +411.1% |
| Total equity and liabilities | 10/49 | €121,403 | €103,389 | -€18,015 | -14.8% |
| Equity | 10/15 | €18,622 | €18,622 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Distributable reserves | 133 | €30 | €30 | = | 0.0% |
| Amounts payable | 17/49 | €102,781 | €84,767 | -€18,015 | -17.5% |
| Amounts payable within one year | 42/48 | €102,781 | €84,767 | -€18,015 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €10,109 | - | -€10,109 | |
| Financial debts | 43 | €7,841 | - | -€7,841 | |
| Credit institutions | 430/8 | €7,841 | - | -€7,841 | |
| Trade debts | 44 | €2,686 | €1,224 | -€1,462 | -54.4% |
| Suppliers | 440/4 | €2,686 | €1,224 | -€1,462 | -54.4% |
| Advances received on contracts in progress | 46 | - | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €28,244 | €21,165 | -€7,079 | -25.1% |
| Taxes | 450/3 | €28,244 | €21,165 | -€7,079 | -25.1% |
| Other amounts payable | 47/48 | €53,902 | €61,627 | +€7,726 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,439 | €21,622 | -€2,817 | -11.5% |
| Other operating charges | 640/8 | €387 | €842 | +€454 | +117.3% |
| Gross operating margin | 9900 | €81,088 | €95,659 | +€14,570 | +18.0% |
| Operating profit (loss) | 9901 | €56,262 | €73,194 | +€16,933 | +30.1% |
| Financial income | 75/76B | €130 | €1 | -€129 | -99.4% |
| Recurring financial income | 75 | €130 | €1 | -€129 | -99.4% |
| Financial charges | 65/66B | €2,124 | €1,859 | -€264 | -12.4% |
| Recurring financial charges | 65 | €2,124 | €1,859 | -€264 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €54,268 | €71,336 | +€17,067 | +31.5% |
| Income taxes | 67/77 | €12,093 | €15,497 | +€3,404 | +28.2% |
| Profit (loss) for the period | 9904 | €42,175 | €55,838 | +€13,663 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,175 | €55,838 | +€13,663 | +32.4% |
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 2 October 2026 via checked.be.