JVR108: 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.
JVR108
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-44.6%), from €2.8m to €1.5m
of which Land and buildings: -€1.2m
- Stocks and contracts -€523,788
down €523,788 (-21.9%), from €2.4m to €1.9m
- Financial fixed assets +€125,000
up €125,000 (+3,531%), from €3,540 to €128,540
- Short-term financial debts -€731,190
down €731,190 (-33.1%), from €2.2m to €1.5m
of which Credit institutions: -€725,300
- Debts after one year -€512,212
down €512,212 (-23.8%), from €2.2m to €1.6m
of which Other amounts payable: -€400,000
- Other debts -€301,974
down €301,974 (-80.1%), from €376,993 to €75,019
- Trade debts -€144,240
down €144,240 (-66.8%), from €215,925 to €71,684
- Advances received -€105,600
down €105,600 (-97.8%), from €108,000 to €2,400
- Financial income +€164,728
up €164,728 (+22,984%), from €717 to €165,445
- Gross operating margin -€77,087
down €77,087 (-29.0%), from €265,852 to €188,765
- Financial charges +€49,542
up €49,542 (+39.6%), from €124,949 to €174,492
- Taxes -€23,464
down €23,464 (-98.5%), from €23,824 to €360
- Depreciation -€15,582
down €15,582 (-21.0%), from €74,077 to €58,495
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.
Derived cash bridge
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 | €5,899,892 | €4,190,117 | -€1.7m | -29.0% |
| Fixed assets | 21/28 | €2,789,559 | €1,673,152 | -€1.1m | -40.0% |
| Tangible fixed assets | 22/27 | €2,786,019 | €1,544,612 | -€1.2m | -44.6% |
| Land and buildings | 22 | €2,743,804 | €1,508,997 | -€1.2m | -45.0% |
| Plant, machinery and equipment | 23 | €35,018 | €30,213 | -€4,805 | -13.7% |
| Furniture and vehicles | 24 | €7,197 | €5,402 | -€1,795 | -24.9% |
| Financial fixed assets | 28 | €3,540 | €128,540 | +€125,000 | +3,531% |
| Current assets | 29/58 | €3,110,333 | €2,516,965 | -€593,368 | -19.1% |
| Stocks and contracts in progress | 3 | €2,390,804 | €1,867,016 | -€523,788 | -21.9% |
| Stocks | 30/36 | €2,390,804 | €1,867,016 | -€523,788 | -21.9% |
| Amounts receivable within one year | 40/41 | €631,084 | €589,946 | -€41,138 | -6.5% |
| Trade receivables | 40 | €236,372 | €318,110 | +€81,738 | +34.6% |
| Other amounts receivable | 41 | €394,712 | €271,836 | -€122,876 | -31.1% |
| Current investments | 50/53 | €825 | €2,369 | +€1,544 | +187% |
| Cash at bank and in hand | 54/58 | €87,621 | €57,634 | -€29,987 | -34.2% |
| Total equity and liabilities | 10/49 | €5,899,892 | €4,190,117 | -€1.7m | -29.0% |
| Equity | 10/15 | €615,626 | €700,291 | +€84,665 | +13.8% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €347,026 | €431,691 | +€84,665 | +24.4% |
| Tax-exempt reserves | 132 | €329,023 | €290,410 | -€38,612 | -11.7% |
| Distributable reserves | 133 | €18,004 | €141,281 | +€123,277 | +685% |
| Provisions and deferred taxes | 16 | €109,674 | €96,803 | -€12,871 | -11.7% |
| Deferred taxes | 168 | €109,674 | €96,803 | -€12,871 | -11.7% |
| Amounts payable | 17/49 | €5,174,592 | €3,393,023 | -€1.8m | -34.4% |
| Amounts payable after more than one year | 17 | €2,153,577 | €1,641,365 | -€512,212 | -23.8% |
| Financial debts | 170/4 | €1,153,577 | €1,041,365 | -€112,212 | -9.7% |
| Other amounts payable | 178/9 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Amounts payable within one year | 42/48 | €3,021,015 | €1,751,658 | -€1.3m | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €86,530 | €119,902 | +€33,373 | +38.6% |
| Financial debts | 43 | €2,208,640 | €1,477,450 | -€731,190 | -33.1% |
| Credit institutions | 430/8 | €2,202,750 | €1,477,450 | -€725,300 | -32.9% |
| Other loans | 439 | €5,890 | - | -€5,890 | |
| Trade debts | 44 | €215,925 | €71,684 | -€144,240 | -66.8% |
| Suppliers | 440/4 | €215,925 | €71,684 | -€144,240 | -66.8% |
| Advances received on contracts in progress | 46 | €108,000 | €2,400 | -€105,600 | -97.8% |
| Taxes, remuneration and social security | 45 | €24,928 | €5,203 | -€19,725 | -79.1% |
| Taxes | 450/3 | €18,426 | €5,203 | -€13,223 | -71.8% |
| Remuneration and social security | 454/9 | €6,502 | - | -€6,502 | |
| Other amounts payable | 47/48 | €376,993 | €75,019 | -€301,974 | -80.1% |
| Remuneration, social security and pensions | 62 | €27,771 | €33,505 | +€5,735 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,077 | €58,495 | -€15,582 | -21.0% |
| Other operating charges | 640/8 | €27,813 | €15,565 | -€12,248 | -44.0% |
| Gross operating margin | 9900 | €265,852 | €188,765 | -€77,087 | -29.0% |
| Operating profit (loss) | 9901 | €136,192 | €81,200 | -€54,992 | -40.4% |
| Financial income | 75/76B | €717 | €165,445 | +€164,728 | +22,984% |
| Recurring financial income | 75 | €717 | €165,445 | +€164,728 | +22,984% |
| Financial charges | 65/66B | €124,949 | €174,492 | +€49,542 | +39.6% |
| Recurring financial charges | 65 | €124,949 | €174,492 | +€49,542 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €11,960 | €72,154 | +€60,194 | +503% |
| Transfer from deferred taxes | 780 | €3,698 | €12,871 | +€9,173 | +248% |
| Income taxes | 67/77 | €23,824 | €360 | -€23,464 | -98.5% |
| Profit (loss) for the period | 9904 | -€8,167 | €84,665 | +€92,832 | |
| Transfer from tax-exempt reserves | 789 | €11,093 | €38,612 | +€27,520 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €2,926 | €123,277 | +€120,351 | +4,113% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.