JVMC: 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.
JVMC
Largest movements
- Receivables within one year +€43,918
up €43,918 (+87.4%), from €50,227 to €94,145
of which Other amounts receivable: +€39,845
- Current investments +€24,443
up €24,443 (+203.7%), from €12,000 to €36,443
- Cash +€6,194
up €6,194 (+23.0%), from €26,959 to €33,153
mainly Net result for the year (+€58,236) and Tax, wage and social debts (+€15,088)
- Tangible fixed assets -€2,062
down €2,062 (-49.3%), from €4,179 to €2,117
of which Plant, machinery and equipment: -€1,040
- Profit (loss) carried forward +€58,236
up €58,236 (+87.6%), from €66,489 to €124,725
- Tax, wage and social debts +€15,088
up €15,088 (+88.5%), from €17,048 to €32,136
- Gross operating margin +€21,045
up €21,045 (+37.5%), from €56,191 to €77,235
- Taxes +€4,462
up €4,462 (+37.3%), from €11,975 to €16,437
- Financial income +€1,028
up €1,028 (+407.4%), from €252 to €1,281
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 | €94,114 | €166,870 | +€72,757 | +77.3% |
| Fixed assets | 21/28 | €4,179 | €2,117 | -€2,062 | -49.3% |
| Tangible fixed assets | 22/27 | €4,179 | €2,117 | -€2,062 | -49.3% |
| Plant, machinery and equipment | 23 | €1,122 | €82 | -€1,040 | -92.7% |
| Furniture and vehicles | 24 | €3,057 | €2,035 | -€1,022 | -33.4% |
| Current assets | 29/58 | €89,934 | €164,753 | +€74,819 | +83.2% |
| Amounts receivable within one year | 40/41 | €50,227 | €94,145 | +€43,918 | +87.4% |
| Trade receivables | 40 | €41,875 | €45,948 | +€4,072 | +9.7% |
| Other amounts receivable | 41 | €8,352 | €48,198 | +€39,845 | +477.1% |
| Current investments | 50/53 | €12,000 | €36,443 | +€24,443 | +203.7% |
| Cash at bank and in hand | 54/58 | €26,959 | €33,153 | +€6,194 | +23.0% |
| Deferred charges and accrued income | 490/1 | €748 | €1,012 | +€264 | +35.3% |
| Total equity and liabilities | 10/49 | €94,114 | €166,870 | +€72,757 | +77.3% |
| Equity | 10/15 | €70,489 | €128,725 | +€58,236 | +82.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,489 | €124,725 | +€58,236 | +87.6% |
| Amounts payable | 17/49 | €23,624 | €38,145 | +€14,521 | +61.5% |
| Amounts payable within one year | 42/48 | €23,624 | €38,145 | +€14,521 | +61.5% |
| Trade debts | 44 | €6,576 | €6,009 | -€567 | -8.6% |
| Suppliers | 440/4 | €6,576 | €6,009 | -€567 | -8.6% |
| Taxes, remuneration and social security | 45 | €17,048 | €32,136 | +€15,088 | +88.5% |
| Taxes | 450/3 | €17,048 | €32,136 | +€15,088 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,034 | €2,062 | +€28 | +1.4% |
| Other operating charges | 640/8 | €141 | €554 | +€414 | +294.3% |
| Non-recurring operating charges | 66A | €218 | €0 | -€218 | -100.0% |
| Gross operating margin | 9900 | €56,191 | €77,235 | +€21,045 | +37.5% |
| Operating profit (loss) | 9901 | €53,799 | €74,619 | +€20,820 | +38.7% |
| Financial income | 75/76B | €252 | €1,281 | +€1,028 | +407.4% |
| Recurring financial income | 75 | €252 | €1,281 | +€1,028 | +407.4% |
| Financial charges | 65/66B | €1,550 | €1,227 | -€323 | -20.9% |
| Recurring financial charges | 65 | €1,550 | €1,227 | -€323 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €52,501 | €74,673 | +€22,172 | +42.2% |
| Income taxes | 67/77 | €11,975 | €16,437 | +€4,462 | +37.3% |
| Profit (loss) for the period | 9904 | €40,526 | €58,236 | +€17,710 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,526 | €58,236 | +€17,710 | +43.7% |
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 10 October 2026 via checked.be.