JVS COORDINATION: 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 COORDINATION
Largest movements
- Tangible fixed assets -€40,342
down €40,342 (-26.2%), from €153,684 to €113,342
of which Furniture and vehicles: -€30,830
- Receivables within one year -€35,798
down €35,798 (-57.9%), from €61,798 to €26,000
of which Trade receivables: -€28,122
- Cash +€18,231
up €18,231 (+187.2%), from €9,739 to €27,970
mainly Depreciation (+€44,260) and Receivables within one year (+€35,798)
- Reserves -€34,751
down €34,751 (-58.7%), from €59,209 to €24,457
- Debts after one year -€24,963
down €24,963 (-19.3%), from €129,086 to €104,123
- Other debts +€5,472
new in 2025: €5,472
- Tax, wage and social debts -€3,067
down €3,067 (-40.2%), from €7,637 to €4,570
- Purchases and services -€7,421
down €7,421 (-14.1%), from €52,764 to €45,344
- Turnover -€4,812
down €4,812 (-4.8%), from €101,016 to €96,204
- Gross operating margin +€2,609
up €2,609 (+5.4%), from €48,251 to €50,860
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 | €232,177 | €173,900 | -€58,277 | -25.1% |
| Fixed assets | 21/28 | €155,997 | €114,566 | -€41,431 | -26.6% |
| Intangible fixed assets | 21 | €2,178 | €1,089 | -€1,089 | -50.0% |
| Tangible fixed assets | 22/27 | €153,684 | €113,342 | -€40,342 | -26.2% |
| Plant, machinery and equipment | 23 | €23,015 | €17,273 | -€5,742 | -24.9% |
| Furniture and vehicles | 24 | €76,440 | €45,610 | -€30,830 | -40.3% |
| Other tangible fixed assets | 26 | €54,229 | €50,459 | -€3,771 | -7.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €76,180 | €59,334 | -€16,846 | -22.1% |
| Amounts receivable within one year | 40/41 | €61,798 | €26,000 | -€35,798 | -57.9% |
| Trade receivables | 40 | €34,122 | €6,000 | -€28,122 | -82.4% |
| Other amounts receivable | 41 | €27,676 | €20,000 | -€7,676 | -27.7% |
| Cash at bank and in hand | 54/58 | €9,739 | €27,970 | +€18,231 | +187.2% |
| Deferred charges and accrued income | 490/1 | €4,643 | €5,363 | +€720 | +15.5% |
| Total equity and liabilities | 10/49 | €232,177 | €173,900 | -€58,277 | -25.1% |
| Equity | 10/15 | €62,762 | €28,017 | -€34,745 | -55.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,209 | €24,457 | -€34,751 | -58.7% |
| Distributable reserves | 133 | €59,209 | €24,457 | -€34,751 | -58.7% |
| Profit (loss) carried forward | 14 | -€2,719 | -€2,236 | +€483 | +17.8% |
| Investment grants | 15 | €1,272 | €796 | -€477 | -37.5% |
| Amounts payable | 17/49 | €169,415 | €145,883 | -€23,532 | -13.9% |
| Amounts payable after more than one year | 17 | €129,086 | €104,123 | -€24,963 | -19.3% |
| Financial debts | 170/4 | €129,086 | €104,123 | -€24,963 | -19.3% |
| Amounts payable within one year | 42/48 | €36,913 | €36,281 | -€633 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €26,345 | €24,963 | -€1,383 | -5.2% |
| Trade debts | 44 | €2,931 | €1,275 | -€1,655 | -56.5% |
| Suppliers | 440/4 | €2,931 | €1,275 | -€1,655 | -56.5% |
| Taxes, remuneration and social security | 45 | €7,637 | €4,570 | -€3,067 | -40.2% |
| Taxes | 450/3 | €7,637 | €4,570 | -€3,067 | -40.2% |
| Other amounts payable | 47/48 | - | €5,472 | +€5,472 | |
| Accrued charges and deferred income | 492/3 | €3,416 | €5,479 | +€2,063 | +60.4% |
| Turnover | 70 | €101,016 | €96,204 | -€4,812 | -4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,764 | €45,344 | -€7,421 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,070 | €44,260 | +€189 | +0.4% |
| Other operating charges | 640/8 | €1,743 | €1,067 | -€676 | -38.8% |
| Gross operating margin | 9900 | €48,251 | €50,860 | +€2,609 | +5.4% |
| Operating profit (loss) | 9901 | €2,438 | €5,533 | +€3,095 | +126.9% |
| Financial income | 75/76B | €743 | €852 | +€108 | +14.6% |
| Recurring financial income | 75 | €743 | €852 | +€108 | +14.6% |
| Financial charges | 65/66B | €5,900 | €5,231 | -€669 | -11.3% |
| Recurring financial charges | 65 | €5,900 | €5,231 | -€669 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,719 | €1,154 | +€3,873 | |
| Income taxes | 67/77 | - | €671 | +€671 | |
| Profit (loss) for the period | 9904 | -€2,719 | €483 | +€3,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,719 | €483 | +€3,201 |
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.