JVS SERVICE: what changed
What changed
JVS SERVICE
NACE 78.100, Employment placement agencies
filed annual accounts (NBB)
Net result for the year
€19,538
2024 · €43,610-€24,072
Equity
€270,166
2024 · €250,628+€19,538
Cash
€181,716
2024 · €117,826+€63,890
Balance sheet total
€1.3m
2024 · €709,600+€566,509
Largest movements
Assets
- Tangible fixed assets +€496,116
up €496,116 (+99.3%), from €499,649 to €995,765
of which Land and buildings: +€443,892
- Cash +€63,890
up €63,890 (+54.2%), from €117,826 to €181,716
mainly Other debts (+€386,110) and Depreciation (+€106,912)
- Deferred charges and accrued income +€34,067
up €34,067 (+239%), from €14,282 to €48,349
- Receivables within one year -€27,565
down €27,565 (-35.9%), from €76,748 to €49,183
of which Other amounts receivable: -€26,602
Equity and liabilities
- Other debts +€386,110
up €386,110, from €0 to €386,110
- Debts after one year +€90,530
up €90,530 (+53.0%), from €170,804 to €261,334
- Tax, wage and social debts +€66,028
up €66,028 (+34.2%), from €192,962 to €258,991
of which Remuneration and social security: +€62,585
- Reserves +€42,157
up €42,157 (+15.7%), from €267,920 to €310,077
of which Tax-exempt reserves: +€42,157
- Profit (loss) carried forward -€22,619
down €22,619 (-60.7%), from -€37,292 to -€59,911
Income statement
- Gross operating margin +€110,952
up €110,952 (+7.0%), from €1.6m to €1.7m
- Staff costs +€86,343
up €86,343 (+5.9%), from €1.5m to €1.6m
- Depreciation +€49,442
up €49,442 (+86.0%), from €57,470 to €106,912
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,610
Gross operating margin
+€110,952
Staff costs
-€86,343
Depreciation
-€49,442
Other operating charges
+€594
Financial income
+€1,452
Financial charges
-€1,317
Taxes
+€14,084
Deferred taxes and other
-€14,052
Result 2025
€19,538
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€589,857
Investment
-€603,028
Financing
+€77,062
Cash 2024
€117,826
From operations (derived)
+€589,857
Net result for the year
+€19,538
Depreciation
+€106,912
Receivables within one year
+€27,565
Deferred charges and accrued income
-€34,067
Provisions
+€14,052
Trade debts
+€3,718
Tax, wage and social debts
+€66,028
Other debts
+€386,110
Investment (derived)
-€603,028
Investment in fixed assets (net)
-€603,028
Financing
+€77,062
Debts after one year
+€90,530
Current portion of long-term debt
-€824
Short-term financial debts
-€12,644
Cash 2025
€181,716
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,600 | €1,276,108 | +€566,509 | +79.8% |
| Fixed assets | 21/28 | €500,744 | €996,860 | +€496,116 | +99.1% |
| Tangible fixed assets | 22/27 | €499,649 | €995,765 | +€496,116 | +99.3% |
| Land and buildings | 22 | €436,120 | €880,012 | +€443,892 | +102% |
| Plant, machinery and equipment | 23 | €6,933 | €16,401 | +€9,467 | +137% |
| Furniture and vehicles | 24 | €56,596 | €29,969 | -€26,627 | -47.0% |
| Leasing and similar rights | 25 | - | €69,384 | +€69,384 | |
| Financial fixed assets | 28 | €1,095 | €1,095 | = | 0.0% |
| Current assets | 29/58 | €208,856 | €279,248 | +€70,392 | +33.7% |
| Amounts receivable within one year | 40/41 | €76,748 | €49,183 | -€27,565 | -35.9% |
| Trade receivables | 40 | €50,146 | €49,183 | -€963 | -1.9% |
| Other amounts receivable | 41 | €26,602 | - | -€26,602 | |
| Cash at bank and in hand | 54/58 | €117,826 | €181,716 | +€63,890 | +54.2% |
| Deferred charges and accrued income | 490/1 | €14,282 | €48,349 | +€34,067 | +239% |
| Total equity and liabilities | 10/49 | €709,600 | €1,276,108 | +€566,509 | +79.8% |
| Equity | 10/15 | €250,628 | €270,166 | +€19,538 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €267,920 | €310,077 | +€42,157 | +15.7% |
| Tax-exempt reserves | 132 | - | €42,157 | +€42,157 | |
| Distributable reserves | 133 | €267,920 | €267,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,292 | -€59,911 | -€22,619 | -60.7% |
| Provisions and deferred taxes | 16 | - | €14,052 | +€14,052 | |
| Deferred taxes | 168 | - | €14,052 | +€14,052 | |
| Amounts payable | 17/49 | €458,971 | €991,890 | +€532,918 | +116% |
| Amounts payable after more than one year | 17 | €170,804 | €261,334 | +€90,530 | +53.0% |
| Financial debts | 170/4 | €170,804 | €261,334 | +€90,530 | +53.0% |
| Amounts payable within one year | 42/48 | €288,167 | €730,556 | +€442,389 | +154% |
| Current portion of amounts payable after more than one year | 42 | €48,535 | €47,711 | -€824 | -1.7% |
| Financial debts | 43 | €36,519 | €23,875 | -€12,644 | -34.6% |
| Credit institutions | 430/8 | €36,519 | €23,875 | -€12,644 | -34.6% |
| Trade debts | 44 | €10,151 | €13,869 | +€3,718 | +36.6% |
| Suppliers | 440/4 | €10,151 | €13,869 | +€3,718 | +36.6% |
| Taxes, remuneration and social security | 45 | €192,962 | €258,991 | +€66,028 | +34.2% |
| Taxes | 450/3 | €18,073 | €21,516 | +€3,443 | +19.1% |
| Remuneration and social security | 454/9 | €174,889 | €237,475 | +€62,585 | +35.8% |
| Other amounts payable | 47/48 | €0 | €386,110 | +€386,110 | |
| Non-recurring operating income | 76A | - | €65,864 | +€65,864 | |
| Remuneration, social security and pensions | 62 | €1,467,027 | €1,553,370 | +€86,343 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,470 | €106,912 | +€49,442 | +86.0% |
| Other operating charges | 640/8 | €4,787 | €4,194 | -€594 | -12.4% |
| Gross operating margin | 9900 | €1,596,180 | €1,707,133 | +€110,952 | +7.0% |
| Operating profit (loss) | 9901 | €66,897 | €42,657 | -€24,239 | -36.2% |
| Financial income | 75/76B | - | €1,452 | +€1,452 | |
| Recurring financial income | 75 | - | €1,452 | +€1,452 | |
| Financial charges | 65/66B | €8,039 | €9,356 | +€1,317 | +16.4% |
| Recurring financial charges | 65 | €8,039 | €9,356 | +€1,317 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €58,857 | €34,753 | -€24,104 | -41.0% |
| Transfer from deferred taxes | 780 | - | €233 | +€233 | |
| Transfer to deferred taxes | 680 | - | €14,285 | +€14,285 | |
| Income taxes | 67/77 | €15,247 | €1,163 | -€14,084 | -92.4% |
| Profit (loss) for the period | 9904 | €43,610 | €19,538 | -€24,072 | -55.2% |
| Transfer from tax-exempt reserves | 789 | - | €698 | +€698 | |
| Transfer to tax-exempt reserves | 689 | - | €42,855 | +€42,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,610 | -€22,619 | -€66,229 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.