JVSaz: 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.
JVSaz
Largest movements
- Cash -€24,225
down €24,225 (-39.4%), from €61,497 to €37,272
mainly Contributions, distributions and other (-€51,821) and Other debts (-€14,622)
- Receivables within one year +€5,774
up €5,774 (+37.5%), from €15,407 to €21,181
of which Trade receivables: +€4,924
- Other debts -€14,622
down €14,622 (-22.0%), from €66,512 to €51,890
- Tax, wage and social debts -€3,021
down €3,021 (-38.4%), from €7,862 to €4,842
- Reserves -€832
down €832 (-100.0%), from €832 to €0
- Taxes +€3,406
up €3,406 (+23.1%), from €14,741 to €18,147
- Financial income -€2,288
down €2,288 (-100.0%), from €2,288 to €0
- Gross operating margin +€1,439
up €1,439 (+2.1%), from €68,151 to €69,590
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 | €76,904 | €58,453 | -€18,451 | -24.0% |
| Current assets | 29/58 | €76,904 | €58,453 | -€18,451 | -24.0% |
| Amounts receivable within one year | 40/41 | €15,407 | €21,181 | +€5,774 | +37.5% |
| Trade receivables | 40 | €15,405 | €20,328 | +€4,924 | +32.0% |
| Other amounts receivable | 41 | €3 | €853 | +€850 | +30800.4% |
| Cash at bank and in hand | 54/58 | €61,497 | €37,272 | -€24,225 | -39.4% |
| Total equity and liabilities | 10/49 | €76,904 | €58,453 | -€18,451 | -24.0% |
| Equity | 10/15 | €1,832 | €1,000 | -€832 | -45.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €832 | €0 | -€832 | -100.0% |
| Distributable reserves | 133 | €832 | €0 | -€832 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,072 | €57,453 | -€17,619 | -23.5% |
| Amounts payable within one year | 42/48 | €75,072 | €57,453 | -€17,619 | -23.5% |
| Trade debts | 44 | €697 | €721 | +€23 | +3.3% |
| Suppliers | 440/4 | €697 | €721 | +€23 | +3.3% |
| Taxes, remuneration and social security | 45 | €7,862 | €4,842 | -€3,021 | -38.4% |
| Taxes | 450/3 | €7,862 | €4,842 | -€3,021 | -38.4% |
| Other amounts payable | 47/48 | €66,512 | €51,890 | -€14,622 | -22.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €68,151 | €69,590 | +€1,439 | +2.1% |
| Operating profit (loss) | 9901 | €67,764 | €69,190 | +€1,426 | +2.1% |
| Financial income | 75/76B | €2,288 | €0 | -€2,288 | -100.0% |
| Recurring financial income | 75 | €2,288 | €0 | -€2,288 | -100.0% |
| Financial charges | 65/66B | €75 | €54 | -€21 | -28.0% |
| Recurring financial charges | 65 | €75 | €54 | -€21 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €69,977 | €69,136 | -€841 | -1.2% |
| Income taxes | 67/77 | €14,741 | €18,147 | +€3,406 | +23.1% |
| Profit (loss) for the period | 9904 | €55,236 | €50,989 | -€4,247 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,236 | €50,989 | -€4,247 | -7.7% |
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.