JVT: 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.
JVT
Largest movements
- Tangible fixed assets -€15,376
down €15,376 (-46.8%), from €32,853 to €17,477
of which Furniture and vehicles: -€14,311
- Receivables within one year +€6,073
up €6,073 (+25.8%), from €23,513 to €29,587
of which Trade receivables: +€3,649
- Cash +€4,225
up €4,225 (+9.9%), from €42,844 to €47,069
mainly Depreciation (+€15,376) and Net result for the year (+€11,549)
- Debts after one year -€7,450
no longer reported in 2025 (was €7,450)
- Profit (loss) carried forward +€5,720
no longer reported in 2025 (was -€5,720)
- Current portion of long-term debt -€4,803
down €4,803 (-39.2%), from €12,254 to €7,450
- Trade debts +€3,697
up €3,697 (+89.4%), from €4,137 to €7,834
- Tax, wage and social debts -€1,565
down €1,565 (-40.0%), from €3,917 to €2,352
- Gross operating margin -€10,422
down €10,422 (-20.0%), from €52,111 to €41,689
- Financial charges -€1,845
down €1,845 (-32.9%), from €5,608 to €3,763
- Taxes -€1,181
down €1,181 (-17.4%), from €6,803 to €5,622
- Depreciation +€799
up €799 (+5.5%), from €14,577 to €15,376
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 | €101,275 | €96,302 | -€4,972 | -4.9% |
| Fixed assets | 21/28 | €33,068 | €17,692 | -€15,376 | -46.5% |
| Tangible fixed assets | 22/27 | €32,853 | €17,477 | -€15,376 | -46.8% |
| Land and buildings | 22 | €2,488 | €2,405 | -€83 | -3.4% |
| Plant, machinery and equipment | 23 | €4,168 | €3,187 | -€981 | -23.5% |
| Furniture and vehicles | 24 | €26,197 | €11,885 | -€14,311 | -54.6% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €68,206 | €78,610 | +€10,403 | +15.3% |
| Amounts receivable within one year | 40/41 | €23,513 | €29,587 | +€6,073 | +25.8% |
| Trade receivables | 40 | €23,513 | €27,162 | +€3,649 | +15.5% |
| Other amounts receivable | 41 | - | €2,425 | +€2,425 | |
| Cash at bank and in hand | 54/58 | €42,844 | €47,069 | +€4,225 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,849 | €1,954 | +€105 | +5.7% |
| Total equity and liabilities | 10/49 | €101,275 | €96,302 | -€4,972 | -4.9% |
| Equity | 10/15 | €65,406 | €70,946 | +€5,540 | +8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,726 | €58,546 | -€180 | -0.3% |
| Distributable reserves | 133 | €58,726 | €58,546 | -€180 | -0.3% |
| Profit (loss) carried forward | 14 | -€5,720 | - | +€5,720 | |
| Amounts payable | 17/49 | €35,869 | €25,356 | -€10,512 | -29.3% |
| Amounts payable after more than one year | 17 | €7,450 | - | -€7,450 | |
| Financial debts | 170/4 | €7,450 | - | -€7,450 | |
| Amounts payable within one year | 42/48 | €28,418 | €25,356 | -€3,062 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €12,254 | €7,450 | -€4,803 | -39.2% |
| Financial debts | 43 | €1,716 | €1,711 | -€5 | -0.3% |
| Credit institutions | 430/8 | €1,716 | €1,711 | -€5 | -0.3% |
| Trade debts | 44 | €4,137 | €7,834 | +€3,697 | +89.4% |
| Suppliers | 440/4 | €4,137 | €7,834 | +€3,697 | +89.4% |
| Taxes, remuneration and social security | 45 | €3,917 | €2,352 | -€1,565 | -40.0% |
| Taxes | 450/3 | €3,917 | €2,352 | -€1,565 | -40.0% |
| Other amounts payable | 47/48 | €6,395 | €6,009 | -€385 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,577 | €15,376 | +€799 | +5.5% |
| Other operating charges | 640/8 | €5,859 | €5,558 | -€302 | -5.1% |
| Gross operating margin | 9900 | €52,111 | €41,689 | -€10,422 | -20.0% |
| Operating profit (loss) | 9901 | €31,675 | €20,756 | -€10,919 | -34.5% |
| Financial income | 75/76B | €74 | €179 | +€105 | +142.6% |
| Recurring financial income | 75 | €74 | €179 | +€105 | +142.6% |
| Financial charges | 65/66B | €5,608 | €3,763 | -€1,845 | -32.9% |
| Recurring financial charges | 65 | €5,608 | €3,763 | -€1,845 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €26,141 | €17,171 | -€8,969 | -34.3% |
| Income taxes | 67/77 | €6,803 | €5,622 | -€1,181 | -17.4% |
| Profit (loss) for the period | 9904 | €19,338 | €11,549 | -€7,788 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,338 | €11,549 | -€7,788 | -40.3% |
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 11 October 2026 via checked.be.