JVN: 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.
JVN
Largest movements
- Tangible fixed assets -€6,765
down €6,765 (-21.3%), from €31,757 to €24,992
of which Furniture and vehicles: -€4,615
- Receivables within one year -€6,130
down €6,130 (-48.9%), from €12,545 to €6,415
of which Trade receivables: -€5,119
- Stocks and contracts +€1,319
up €1,319 (+27.0%), from €4,892 to €6,211
- Cash +€812
up €812 (+10.1%), from €8,037 to €8,849
mainly Other debts (+€11,036) and Depreciation (+€10,315)
- Trade debts -€14,501
down €14,501 (-80.5%), from €18,023 to €3,522
- Other debts +€11,036
up €11,036 (+24.9%), from €44,251 to €55,287
- Profit (loss) carried forward -€4,355
down €4,355 (-33.3%), from -€13,085 to -€17,440
- Tax, wage and social debts -€2,631
down €2,631 (-64.7%), from €4,069 to €1,438
of which Remuneration and social security: -€4,069
- Gross operating margin +€2,158
up €2,158 (+36.9%), from €5,843 to €8,001
- Depreciation +€860
up €860 (+9.1%), from €9,456 to €10,315
- Other operating charges +€853
up €853 (+73.9%), from €1,153 to €2,006
- Financial income -€140
down €140 (-58.0%), from €241 to €101
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 | €57,258 | €46,807 | -€10,451 | -18.3% |
| Fixed assets | 21/28 | €31,757 | €24,992 | -€6,765 | -21.3% |
| Tangible fixed assets | 22/27 | €31,757 | €24,992 | -€6,765 | -21.3% |
| Plant, machinery and equipment | 23 | €14,370 | €12,220 | -€2,150 | -15.0% |
| Furniture and vehicles | 24 | €17,387 | €12,772 | -€4,615 | -26.5% |
| Current assets | 29/58 | €25,502 | €21,815 | -€3,686 | -14.5% |
| Stocks and contracts in progress | 3 | €4,892 | €6,211 | +€1,319 | +27.0% |
| Stocks | 30/36 | €4,892 | €6,211 | +€1,319 | +27.0% |
| Amounts receivable within one year | 40/41 | €12,545 | €6,415 | -€6,130 | -48.9% |
| Trade receivables | 40 | €11,310 | €6,191 | -€5,119 | -45.3% |
| Other amounts receivable | 41 | €1,235 | €224 | -€1,011 | -81.9% |
| Cash at bank and in hand | 54/58 | €8,037 | €8,849 | +€812 | +10.1% |
| Deferred charges and accrued income | 490/1 | €27 | €340 | +€313 | +1,140% |
| Total equity and liabilities | 10/49 | €57,258 | €46,807 | -€10,451 | -18.3% |
| Equity | 10/15 | -€9,085 | -€13,440 | -€4,355 | -47.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,085 | -€17,440 | -€4,355 | -33.3% |
| Amounts payable | 17/49 | €66,343 | €60,247 | -€6,096 | -9.2% |
| Amounts payable within one year | 42/48 | €66,343 | €60,247 | -€6,096 | -9.2% |
| Trade debts | 44 | €18,023 | €3,522 | -€14,501 | -80.5% |
| Suppliers | 440/4 | €18,023 | €3,522 | -€14,501 | -80.5% |
| Taxes, remuneration and social security | 45 | €4,069 | €1,438 | -€2,631 | -64.7% |
| Taxes | 450/3 | - | €1,438 | +€1,438 | |
| Remuneration and social security | 454/9 | €4,069 | - | -€4,069 | |
| Other amounts payable | 47/48 | €44,251 | €55,287 | +€11,036 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,456 | €10,315 | +€860 | +9.1% |
| Other operating charges | 640/8 | €1,153 | €2,006 | +€853 | +73.9% |
| Gross operating margin | 9900 | €5,843 | €8,001 | +€2,158 | +36.9% |
| Operating profit (loss) | 9901 | -€4,766 | -€4,320 | +€445 | +9.3% |
| Financial income | 75/76B | €241 | €101 | -€140 | -58.0% |
| Recurring financial income | 75 | €241 | €101 | -€140 | -58.0% |
| Financial charges | 65/66B | €213 | €136 | -€77 | -36.0% |
| Recurring financial charges | 65 | €213 | €136 | -€77 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,738 | -€4,355 | +€382 | +8.1% |
| Profit (loss) for the period | 9904 | -€4,738 | -€4,355 | +€382 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,738 | -€4,355 | +€382 | +8.1% |
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 28 October 2026 via checked.be.