JVS-C: 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.
JVS-C
Largest movements
- Cash +€62,630
up €62,630 (+19.3%), from €324,523 to €387,153
mainly Net result for the year (+€83,622) and Receivables within one year (+€27,819)
- Receivables within one year -€27,819
down €27,819 (-49.5%), from €56,163 to €28,344
- Reserves +€47,568
up €47,568 (+14.6%), from €325,996 to €373,563
of which Distributable reserves: +€47,568
- Tax, wage and social debts -€13,287
down €13,287 (-37.3%), from €35,616 to €22,330
- Gross operating margin -€39,838
down €39,838 (-25.2%), from €158,057 to €118,219
- Taxes -€12,970
down €12,970 (-28.3%), from €45,855 to €32,885
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 | €382,147 | €417,345 | +€35,198 | +9.2% |
| Fixed assets | 21/28 | €1,461 | €1,163 | -€297 | -20.3% |
| Tangible fixed assets | 22/27 | €1,461 | €1,163 | -€297 | -20.3% |
| Other tangible fixed assets | 26 | €1,461 | €1,163 | -€297 | -20.3% |
| Current assets | 29/58 | €380,687 | €416,181 | +€35,495 | +9.3% |
| Amounts receivable within one year | 40/41 | €56,163 | €28,344 | -€27,819 | -49.5% |
| Trade receivables | 40 | €56,163 | €28,344 | -€27,819 | -49.5% |
| Cash at bank and in hand | 54/58 | €324,523 | €387,153 | +€62,630 | +19.3% |
| Deferred charges and accrued income | 490/1 | - | €684 | +€684 | |
| Total equity and liabilities | 10/49 | €382,147 | €417,345 | +€35,198 | +9.2% |
| Equity | 10/15 | €344,596 | €392,163 | +€47,568 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €325,996 | €373,563 | +€47,568 | +14.6% |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €324,136 | €371,703 | +€47,568 | +14.7% |
| Amounts payable | 17/49 | €37,552 | €25,181 | -€12,370 | -32.9% |
| Amounts payable within one year | 42/48 | €37,552 | €25,181 | -€12,370 | -32.9% |
| Trade debts | 44 | - | €696 | +€696 | |
| Suppliers | 440/4 | - | €696 | +€696 | |
| Taxes, remuneration and social security | 45 | €35,616 | €22,330 | -€13,287 | -37.3% |
| Taxes | 450/3 | €35,616 | €22,330 | -€13,287 | -37.3% |
| Other amounts payable | 47/48 | €1,935 | €2,156 | +€221 | +11.4% |
| Remuneration, social security and pensions | 62 | -€19 | €675 | +€694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €297 | = | 0.0% |
| Other operating charges | 640/8 | €143 | €601 | +€457 | +319.4% |
| Gross operating margin | 9900 | €158,057 | €118,219 | -€39,838 | -25.2% |
| Operating profit (loss) | 9901 | €157,636 | €116,646 | -€40,990 | -26.0% |
| Financial charges | 65/66B | €70 | €139 | +€69 | +99.1% |
| Recurring financial charges | 65 | €70 | €139 | +€69 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €157,566 | €116,507 | -€41,059 | -26.1% |
| Income taxes | 67/77 | €45,855 | €32,885 | -€12,970 | -28.3% |
| Profit (loss) for the period | 9904 | €111,711 | €83,622 | -€28,090 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,711 | €83,622 | -€28,090 | -25.1% |
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 7 October 2026 via checked.be.