JVR ENGINEERING: 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.
JVR ENGINEERING
Largest movements
- Cash +€66,701
up €66,701 (+108.4%), from €61,559 to €128,260
mainly Net result for the year (+€63,230) and Receivables within one year (+€11,802)
- Receivables within one year -€11,802
down €11,802 (-38.9%), from €30,347 to €18,545
of which Trade receivables: -€18,828
- Tangible fixed assets -€5,897
down €5,897 (-25.3%), from €23,337 to €17,440
- Reserves +€62,406
up €62,406 (+70.8%), from €88,200 to €150,606
- Tax, wage and social debts -€14,659
down €14,659 (-65.4%), from €22,401 to €7,741
- Gross operating margin -€41,941
down €41,941 (-32.7%), from €128,192 to €86,251
- Taxes -€18,420
down €18,420 (-52.0%), from €35,410 to €16,991
- Depreciation +€1,502
up €1,502 (+34.2%), from €4,395 to €5,897
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 | €117,561 | €167,004 | +€49,442 | +42.1% |
| Fixed assets | 21/28 | €23,337 | €17,440 | -€5,897 | -25.3% |
| Tangible fixed assets | 22/27 | €23,337 | €17,440 | -€5,897 | -25.3% |
| Furniture and vehicles | 24 | €23,337 | €17,440 | -€5,897 | -25.3% |
| Current assets | 29/58 | €94,224 | €149,563 | +€55,340 | +58.7% |
| Amounts receivable within one year | 40/41 | €30,347 | €18,545 | -€11,802 | -38.9% |
| Trade receivables | 40 | €30,347 | €11,519 | -€18,828 | -62.0% |
| Other amounts receivable | 41 | - | €7,026 | +€7,026 | |
| Cash at bank and in hand | 54/58 | €61,559 | €128,260 | +€66,701 | +108.4% |
| Deferred charges and accrued income | 490/1 | €2,318 | €2,758 | +€441 | +19.0% |
| Total equity and liabilities | 10/49 | €117,561 | €167,004 | +€49,442 | +42.1% |
| Equity | 10/15 | €92,376 | €155,606 | +€63,230 | +68.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,200 | €150,606 | +€62,406 | +70.8% |
| Distributable reserves | 133 | €88,200 | €150,606 | +€62,406 | +70.8% |
| Profit (loss) carried forward | 14 | -€824 | - | +€824 | |
| Amounts payable | 17/49 | €25,185 | €11,398 | -€13,787 | -54.7% |
| Amounts payable within one year | 42/48 | €24,248 | €10,428 | -€13,820 | -57.0% |
| Trade debts | 44 | €19 | €73 | +€54 | +284.9% |
| Suppliers | 440/4 | €19 | €73 | +€54 | +284.9% |
| Taxes, remuneration and social security | 45 | €22,401 | €7,741 | -€14,659 | -65.4% |
| Taxes | 450/3 | €22,401 | €7,741 | -€14,659 | -65.4% |
| Other amounts payable | 47/48 | €1,828 | €2,614 | +€785 | +43.0% |
| Accrued charges and deferred income | 492/3 | €938 | €970 | +€33 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,395 | €5,897 | +€1,502 | +34.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €128,192 | €86,251 | -€41,941 | -32.7% |
| Operating profit (loss) | 9901 | €123,679 | €80,233 | -€43,446 | -35.1% |
| Financial income | 75/76B | €4 | €59 | +€55 | +1380.2% |
| Recurring financial income | 75 | €4 | €59 | +€55 | +1380.2% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €123,616 | €80,220 | -€43,396 | -35.1% |
| Income taxes | 67/77 | €35,410 | €16,991 | -€18,420 | -52.0% |
| Profit (loss) for the period | 9904 | €88,206 | €63,230 | -€24,976 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,206 | €63,230 | -€24,976 | -28.3% |
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.