JVSIONS: 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.
JVSIONS
Largest movements
- Tangible fixed assets +€103,741
up €103,741 (+576%), from €18,002 to €121,743
of which Furniture and vehicles: +€93,273
- Cash +€47,565
up €47,565 (+69.6%), from €68,320 to €115,884
mainly Debts after one year (+€61,465) and Net result for the year (+€56,344)
- Receivables within one year -€5,076
down €5,076 (-9.6%), from €52,873 to €47,797
of which Trade receivables: -€10,685
- Deferred charges and accrued income +€4,193
up €4,193 (+1,176%), from €357 to €4,549
- Debts after one year +€61,465
new in 2025: €61,465
- Reserves +€55,000
up €55,000 (+78.6%), from €70,000 to €125,000
- Tax, wage and social debts +€24,769
up €24,769 (+72.7%), from €34,093 to €58,862
of which Taxes: +€24,769
- Current portion of long-term debt +€14,657
new in 2025: €14,657
- Other debts -€7,022
no longer reported in 2025 (was €7,022)
- Depreciation +€13,248
up €13,248 (+8,942%), from €148 to €13,396
- Gross operating margin -€9,447
down €9,447 (-9.0%), from €104,863 to €95,416
- Taxes -€5,955
down €5,955 (-21.1%), from €28,233 to €22,278
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.
Derived cash bridge
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 | €139,551 | €289,974 | +€150,423 | +108% |
| Fixed assets | 21/28 | €18,002 | €121,743 | +€103,741 | +576% |
| Tangible fixed assets | 22/27 | €18,002 | €121,743 | +€103,741 | +576% |
| Plant, machinery and equipment | 23 | €18,002 | €28,470 | +€10,468 | +58.2% |
| Furniture and vehicles | 24 | - | €93,273 | +€93,273 | |
| Current assets | 29/58 | €121,549 | €168,231 | +€46,682 | +38.4% |
| Amounts receivable within one year | 40/41 | €52,873 | €47,797 | -€5,076 | -9.6% |
| Trade receivables | 40 | €52,868 | €42,183 | -€10,685 | -20.2% |
| Other amounts receivable | 41 | €5 | €5,614 | +€5,609 | +111,295% |
| Cash at bank and in hand | 54/58 | €68,320 | €115,884 | +€47,565 | +69.6% |
| Deferred charges and accrued income | 490/1 | €357 | €4,549 | +€4,193 | +1,176% |
| Total equity and liabilities | 10/49 | €139,551 | €289,974 | +€150,423 | +108% |
| Equity | 10/15 | €79,746 | €136,090 | +€56,344 | +70.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €125,000 | +€55,000 | +78.6% |
| Distributable reserves | 133 | €70,000 | €125,000 | +€55,000 | +78.6% |
| Profit (loss) carried forward | 14 | €4,746 | €6,090 | +€1,344 | +28.3% |
| Amounts payable | 17/49 | €59,805 | €153,884 | +€94,079 | +157% |
| Amounts payable after more than one year | 17 | - | €61,465 | +€61,465 | |
| Financial debts | 170/4 | - | €61,465 | +€61,465 | |
| Amounts payable within one year | 42/48 | €59,805 | €92,020 | +€32,215 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,657 | +€14,657 | |
| Trade debts | 44 | €18,690 | €18,501 | -€189 | -1.0% |
| Suppliers | 440/4 | €18,690 | €18,501 | -€189 | -1.0% |
| Taxes, remuneration and social security | 45 | €34,093 | €58,862 | +€24,769 | +72.7% |
| Taxes | 450/3 | €32,093 | €56,862 | +€24,769 | +77.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,022 | - | -€7,022 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €13,396 | +€13,248 | +8,942% |
| Other operating charges | 640/8 | €1,459 | €2,357 | +€898 | +61.5% |
| Gross operating margin | 9900 | €104,863 | €95,416 | -€9,447 | -9.0% |
| Operating profit (loss) | 9901 | €103,256 | €79,663 | -€23,593 | -22.8% |
| Financial income | 75/76B | €4 | €33 | +€29 | +774% |
| Recurring financial income | 75 | €4 | €33 | +€29 | +774% |
| Financial charges | 65/66B | €281 | €1,073 | +€793 | +282% |
| Recurring financial charges | 65 | €281 | €1,073 | +€793 | +282% |
| Profit (loss) for the period before taxes | 9903 | €102,979 | €78,622 | -€24,357 | -23.7% |
| Income taxes | 67/77 | €28,233 | €22,278 | -€5,955 | -21.1% |
| Profit (loss) for the period | 9904 | €74,746 | €56,344 | -€18,402 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,746 | €56,344 | -€18,402 | -24.6% |
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 15 October 2026 via checked.be.