JVR.BE: 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.
JVR.BE
Largest movements
- Cash +€13,308
up €13,308 (+1080.1%), from €1,232 to €14,540
mainly Depreciation (+€46,136) and Debts after one year (+€25,631)
- Profit (loss) carried forward -€32,472
down €32,472 (-24.9%), from €130,508 to €98,036
- Debts after one year +€25,631
up €25,631 (+6.7%), from €381,920 to €407,550
of which Financial debts: +€25,631
- Other debts +€17,412
up €17,412 (+19.3%), from €90,360 to €107,772
- Financial charges +€19,531
up €19,531 (+101.3%), from €19,281 to €38,811
- Gross operating margin -€10,556
down €10,556 (-15.3%), from €68,944 to €58,388
- Depreciation -€3,841
down €3,841 (-7.7%), from €49,976 to €46,136
- Other operating charges -€3,673
down €3,673 (-24.7%), from €14,857 to €11,184
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 | €808,904 | €814,265 | +€5,360 | +0.7% |
| Fixed assets | 21/28 | €793,912 | €792,566 | -€1,346 | -0.2% |
| Tangible fixed assets | 22/27 | €793,912 | €792,566 | -€1,346 | -0.2% |
| Land and buildings | 22 | €793,840 | €792,566 | -€1,274 | -0.2% |
| Plant, machinery and equipment | 23 | €71 | - | -€71 | |
| Current assets | 29/58 | €14,993 | €21,699 | +€6,706 | +44.7% |
| Amounts receivable within one year | 40/41 | €10,713 | €5,665 | -€5,048 | -47.1% |
| Trade receivables | 40 | - | €665 | +€665 | |
| Other amounts receivable | 41 | €10,713 | €5,000 | -€5,713 | -53.3% |
| Cash at bank and in hand | 54/58 | €1,232 | €14,540 | +€13,308 | +1080.1% |
| Deferred charges and accrued income | 490/1 | €3,048 | €1,493 | -€1,554 | -51.0% |
| Total equity and liabilities | 10/49 | €808,904 | €814,265 | +€5,360 | +0.7% |
| Equity | 10/15 | €266,042 | €230,058 | -€35,984 | -13.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €73,561 | €70,049 | -€3,512 | -4.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,363 | €53,851 | -€3,512 | -6.1% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,508 | €98,036 | -€32,472 | -24.9% |
| Provisions and deferred taxes | 16 | €29,538 | €27,729 | -€1,808 | -6.1% |
| Deferred taxes | 168 | €29,538 | €27,729 | -€1,808 | -6.1% |
| Amounts payable | 17/49 | €513,325 | €556,478 | +€43,153 | +8.4% |
| Amounts payable after more than one year | 17 | €381,920 | €407,550 | +€25,631 | +6.7% |
| Financial debts | 170/4 | €380,670 | €406,300 | +€25,631 | +6.7% |
| Other amounts payable | 178/9 | €1,250 | €1,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €131,406 | €146,575 | +€15,169 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €38,039 | €38,621 | +€582 | +1.5% |
| Trade debts | 44 | €3,007 | €181 | -€2,825 | -94.0% |
| Suppliers | 440/4 | €3,007 | €181 | -€2,825 | -94.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €90,360 | €107,772 | +€17,412 | +19.3% |
| Accrued charges and deferred income | 492/3 | - | €2,353 | +€2,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,976 | €46,136 | -€3,841 | -7.7% |
| Other operating charges | 640/8 | €14,857 | €11,184 | -€3,673 | -24.7% |
| Gross operating margin | 9900 | €68,944 | €58,388 | -€10,556 | -15.3% |
| Operating profit (loss) | 9901 | €4,111 | €1,069 | -€3,042 | -74.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +233.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +233.3% |
| Financial charges | 65/66B | €19,281 | €38,811 | +€19,531 | +101.3% |
| Recurring financial charges | 65 | €19,281 | €38,811 | +€19,531 | +101.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,170 | -€37,742 | -€22,573 | -148.8% |
| Transfer from deferred taxes | 780 | €3,535 | €1,808 | -€1,727 | -48.8% |
| Income taxes | 67/77 | €0 | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€11,635 | -€35,984 | -€24,349 | -209.3% |
| Transfer from tax-exempt reserves | 789 | €6,865 | €3,512 | -€3,353 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,770 | -€32,472 | -€27,702 | -580.8% |
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 30 September 2026 via checked.be.