JVMV: 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.
JVMV
Largest movements
- Stocks and contracts -€114,921
down €114,921 (-63.7%), from €180,271 to €65,350
- Receivables within one year +€104,342
up €104,342 (+201.1%), from €51,894 to €156,235
of which Trade receivables: +€104,583
- Trade debts +€97,514
up €97,514 (+351.8%), from €27,722 to €125,236
- Profit (loss) carried forward -€84,546
down €84,546, from €43,336 to -€41,211
- Other debts -€15,553
down €15,553 (-16.1%), from €96,672 to €81,119
- Debts after one year -€7,776
down €7,776 (-11.1%), from €70,000 to €62,224
- Gross operating margin -€85,669
down €85,669, from €8,860 to -€76,810
- Depreciation +€2,870
up €2,870 (+106.5%), from €2,695 to €5,565
- Write-downs -€2,062
no longer reported in 2024 (was €2,062)
- Taxes -€784
no longer reported in 2024 (was €784)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,631 | €244,859 | -€11,771 | -4.6% |
| Fixed assets | 21/28 | €9,463 | €6,319 | -€3,144 | -33.2% |
| Intangible fixed assets | 21 | €2,235 | €284 | -€1,951 | -87.3% |
| Tangible fixed assets | 22/27 | €7,227 | €6,035 | -€1,193 | -16.5% |
| Plant, machinery and equipment | 23 | - | €1,191 | +€1,191 | |
| Furniture and vehicles | 24 | €5,384 | €4,844 | -€540 | -10.0% |
| Other tangible fixed assets | 26 | €1,844 | - | -€1,844 | |
| Current assets | 29/58 | €247,168 | €238,540 | -€8,628 | -3.5% |
| Stocks and contracts in progress | 3 | €180,271 | €65,350 | -€114,921 | -63.7% |
| Stocks | 30/36 | €180,271 | €65,350 | -€114,921 | -63.7% |
| Amounts receivable within one year | 40/41 | €51,894 | €156,235 | +€104,342 | +201.1% |
| Trade receivables | 40 | €50,834 | €155,418 | +€104,583 | +205.7% |
| Other amounts receivable | 41 | €1,059 | €818 | -€241 | -22.8% |
| Cash at bank and in hand | 54/58 | €15,003 | €16,955 | +€1,952 | +13.0% |
| Total equity and liabilities | 10/49 | €256,631 | €244,859 | -€11,771 | -4.6% |
| Equity | 10/15 | €46,336 | -€38,211 | -€84,546 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,336 | -€41,211 | -€84,546 | |
| Amounts payable | 17/49 | €210,295 | €283,070 | +€72,775 | +34.6% |
| Amounts payable after more than one year | 17 | €70,000 | €62,224 | -€7,776 | -11.1% |
| Other amounts payable | 178/9 | €70,000 | €62,224 | -€7,776 | -11.1% |
| Amounts payable within one year | 42/48 | €140,295 | €220,846 | +€80,551 | +57.4% |
| Trade debts | 44 | €27,722 | €125,236 | +€97,514 | +351.8% |
| Suppliers | 440/4 | €27,722 | €125,236 | +€97,514 | +351.8% |
| Taxes, remuneration and social security | 45 | €15,902 | €14,491 | -€1,411 | -8.9% |
| Taxes | 450/3 | €10,902 | €14,491 | +€3,589 | +32.9% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €96,672 | €81,119 | -€15,553 | -16.1% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,695 | €5,565 | +€2,870 | +106.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,062 | - | -€2,062 | |
| Other operating charges | 640/8 | €2,584 | €1,858 | -€726 | -28.1% |
| Gross operating margin | 9900 | €8,860 | -€76,810 | -€85,669 | |
| Operating profit (loss) | 9901 | €1,518 | -€84,233 | -€85,751 | |
| Financial charges | 65/66B | €589 | €313 | -€276 | -46.8% |
| Recurring financial charges | 65 | €589 | €313 | -€276 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €929 | -€84,546 | -€85,476 | |
| Income taxes | 67/77 | €784 | - | -€784 | |
| Profit (loss) for the period | 9904 | €145 | -€84,546 | -€84,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €145 | -€84,546 | -€84,692 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.