JVT Management: 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 Management
Largest movements
- Cash +€44,628
up €44,628 (+158.5%), from €28,161 to €72,789
mainly Net result for the year (+€123,490) and Other debts (+€88,669)
- Receivables within one year +€29,804
up €29,804 (+97.8%), from €30,489 to €60,293
of which Other amounts receivable: +€29,368
- Other debts +€88,669
up €88,669 (+92.4%), from €95,957 to €184,626
- Current portion of long-term debt -€17,995
no longer reported in 2025 (was €17,995)
- Reserves +€11,391
up €11,391 (+5.5%), from €208,429 to €219,820
- Tax, wage and social debts -€5,870
down €5,870 (-34.1%), from €17,223 to €11,353
- Gross operating margin +€42,824
up €42,824 (+86.7%), from €49,403 to €92,226
- Financial income +€31,151
up €31,151 (+100.2%), from €31,080 to €62,231
- Taxes +€10,247
up €10,247 (+83.7%), from €12,242 to €22,489
- Financial charges +€4,493
up €4,493 (+192.4%), from €2,335 to €6,828
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 | €359,650 | €435,786 | +€76,136 | +21.2% |
| Fixed assets | 21/28 | €298,295 | €299,895 | +€1,599 | +0.5% |
| Tangible fixed assets | 22/27 | €3,993 | €5,592 | +€1,599 | +40.1% |
| Plant, machinery and equipment | 23 | €2,200 | €1,567 | -€633 | -28.8% |
| Furniture and vehicles | 24 | €1,793 | €4,025 | +€2,232 | +124.5% |
| Financial fixed assets | 28 | €294,302 | €294,302 | = | 0.0% |
| Current assets | 29/58 | €61,354 | €135,891 | +€74,537 | +121.5% |
| Amounts receivable within one year | 40/41 | €30,489 | €60,293 | +€29,804 | +97.8% |
| Trade receivables | 40 | €229 | €665 | +€436 | +190.3% |
| Other amounts receivable | 41 | €30,260 | €59,628 | +€29,368 | +97.1% |
| Cash at bank and in hand | 54/58 | €28,161 | €72,789 | +€44,628 | +158.5% |
| Deferred charges and accrued income | 490/1 | €2,704 | €2,809 | +€105 | +3.9% |
| Total equity and liabilities | 10/49 | €359,650 | €435,786 | +€76,136 | +21.2% |
| Equity | 10/15 | €227,029 | €238,420 | +€11,391 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,429 | €219,820 | +€11,391 | +5.5% |
| Distributable reserves | 133 | €208,429 | €219,820 | +€11,391 | +5.5% |
| Amounts payable | 17/49 | €132,621 | €197,366 | +€64,745 | +48.8% |
| Amounts payable within one year | 42/48 | €132,621 | €197,366 | +€64,745 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €17,995 | - | -€17,995 | |
| Trade debts | 44 | €1,446 | €1,386 | -€60 | -4.1% |
| Suppliers | 440/4 | €1,446 | €1,386 | -€60 | -4.1% |
| Taxes, remuneration and social security | 45 | €17,223 | €11,353 | -€5,870 | -34.1% |
| Taxes | 450/3 | €17,223 | €11,353 | -€5,870 | -34.1% |
| Other amounts payable | 47/48 | €95,957 | €184,626 | +€88,669 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €1,004 | +€21 | +2.1% |
| Other operating charges | 640/8 | €618 | €647 | +€28 | +4.6% |
| Gross operating margin | 9900 | €49,403 | €92,226 | +€42,824 | +86.7% |
| Operating profit (loss) | 9901 | €47,801 | €90,576 | +€42,774 | +89.5% |
| Financial income | 75/76B | €31,080 | €62,231 | +€31,151 | +100.2% |
| Recurring financial income | 75 | €31,080 | €62,231 | +€31,151 | +100.2% |
| Financial charges | 65/66B | €2,335 | €6,828 | +€4,493 | +192.4% |
| Recurring financial charges | 65 | €2,335 | €6,828 | +€4,493 | +192.4% |
| Profit (loss) for the period before taxes | 9903 | €76,546 | €145,979 | +€69,433 | +90.7% |
| Income taxes | 67/77 | €12,242 | €22,489 | +€10,247 | +83.7% |
| Profit (loss) for the period | 9904 | €64,304 | €123,490 | +€59,186 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,304 | €123,490 | +€59,186 | +92.0% |
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.