JVT: 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.
JVT
Largest movements
- Cash +€19,430
up €19,430 (+35.0%), from €55,549 to €74,979
mainly Net result for the year (+€51,500) and Other debts (+€32,140)
- Current investments +€12,400
up €12,400 (+8.7%), from €142,258 to €154,658
- Receivables within one year +€10,030
up €10,030 (+30.4%), from €32,984 to €43,014
- Other debts +€32,140
up €32,140 (+1190.9%), from €2,699 to €34,839
- Reserves +€11,748
up €11,748 (+5.6%), from €208,417 to €220,165
- Trade debts -€2,895
down €2,895 (-89.1%), from €3,250 to €355
- Gross operating margin +€9,721
up €9,721 (+14.0%), from €69,445 to €79,166
- Taxes +€4,176
up €4,176 (+20.0%), from €20,891 to €25,068
- Financial income +€3,904
up €3,904 (+2769.2%), from €141 to €4,045
- Financial charges +€1,503
up €1,503 (+332.8%), from €452 to €1,955
- Depreciation +€953
up €953 (+31.3%), from €3,042 to €3,995
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 | €242,679 | €282,745 | +€40,066 | +16.5% |
| Fixed assets | 21/28 | €10,730 | €8,921 | -€1,809 | -16.9% |
| Tangible fixed assets | 22/27 | €10,730 | €8,921 | -€1,809 | -16.9% |
| Plant, machinery and equipment | 23 | €10,396 | €8,218 | -€2,178 | -20.9% |
| Furniture and vehicles | 24 | €334 | €703 | +€369 | +110.4% |
| Current assets | 29/58 | €231,949 | €273,824 | +€41,875 | +18.1% |
| Amounts receivable within one year | 40/41 | €32,984 | €43,014 | +€10,030 | +30.4% |
| Trade receivables | 40 | €32,984 | €43,014 | +€10,030 | +30.4% |
| Current investments | 50/53 | €142,258 | €154,658 | +€12,400 | +8.7% |
| Cash at bank and in hand | 54/58 | €55,549 | €74,979 | +€19,430 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,158 | €1,173 | +€15 | +1.3% |
| Total equity and liabilities | 10/49 | €242,679 | €282,745 | +€40,066 | +16.5% |
| Equity | 10/15 | €208,667 | €220,415 | +€11,748 | +5.6% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €208,417 | €220,165 | +€11,748 | +5.6% |
| Distributable reserves | 133 | €208,417 | €220,165 | +€11,748 | +5.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,012 | €62,330 | +€28,318 | +83.3% |
| Amounts payable after more than one year | 17 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 178/9 | €4,500 | €4,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,512 | €57,830 | +€28,318 | +96.0% |
| Trade debts | 44 | €3,250 | €355 | -€2,895 | -89.1% |
| Suppliers | 440/4 | €3,250 | €355 | -€2,895 | -89.1% |
| Taxes, remuneration and social security | 45 | €23,563 | €22,635 | -€928 | -3.9% |
| Taxes | 450/3 | €23,563 | €22,635 | -€928 | -3.9% |
| Other amounts payable | 47/48 | €2,699 | €34,839 | +€32,140 | +1190.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,042 | €3,995 | +€953 | +31.3% |
| Other operating charges | 640/8 | €675 | €694 | +€19 | +2.8% |
| Gross operating margin | 9900 | €69,445 | €79,166 | +€9,721 | +14.0% |
| Operating profit (loss) | 9901 | €65,728 | €74,477 | +€8,750 | +13.3% |
| Financial income | 75/76B | €141 | €4,045 | +€3,904 | +2769.2% |
| Recurring financial income | 75 | €141 | €4,045 | +€3,904 | +2769.2% |
| Financial charges | 65/66B | €452 | €1,955 | +€1,503 | +332.8% |
| Recurring financial charges | 65 | €452 | €1,955 | +€1,503 | +332.8% |
| Profit (loss) for the period before taxes | 9903 | €65,417 | €76,567 | +€11,150 | +17.0% |
| Income taxes | 67/77 | €20,891 | €25,068 | +€4,176 | +20.0% |
| Profit (loss) for the period | 9904 | €44,526 | €51,500 | +€6,974 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,526 | €51,500 | +€6,974 | +15.7% |
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 8 October 2026 via checked.be.