JVV: 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.
JVV
Largest movements
- Receivables within one year -€6,030
down €6,030 (-69.8%), from €8,633 to €2,603
of which Trade receivables: -€7,815
- Tangible fixed assets -€2,236
down €2,236 (-30.4%), from €7,364 to €5,128
of which Plant, machinery and equipment: -€1,156
- Cash +€1,303
up €1,303 (+3.8%), from €34,281 to €35,584
mainly Receivables within one year (+€6,030) and Depreciation (+€2,236)
- Profit (loss) carried forward -€8,831
down €8,831 (-38.5%), from -€22,941 to -€31,772
- Contributions +€2,238
up €2,238 (+12.0%), from €18,592 to €20,830
- Reserves -€2,238
down €2,238 (-4.1%), from €54,238 to €52,000
of which Non-distributable reserves: -€2,238
- Accrued charges and deferred income +€2,080
new in 2025: €2,080
- Financial charges -€6,791
down €6,791 (-95.0%), from €7,149 to €358
- Other operating charges -€1,109
down €1,109 (-79.4%), from €1,397 to €288
- Depreciation +€940
up €940 (+72.5%), from €1,296 to €2,236
- Financial income +€599
up €599 (+2852.4%), from €21 to €620
- Gross operating margin +€329
up €329 (+4.8%), from -€6,821 to -€6,492
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 | €50,278 | €43,315 | -€6,963 | -13.8% |
| Fixed assets | 21/28 | €7,364 | €5,128 | -€2,236 | -30.4% |
| Tangible fixed assets | 22/27 | €7,364 | €5,128 | -€2,236 | -30.4% |
| Plant, machinery and equipment | 23 | €5,777 | €4,621 | -€1,156 | -20.0% |
| Furniture and vehicles | 24 | €1,587 | €507 | -€1,080 | -68.1% |
| Current assets | 29/58 | €42,914 | €38,187 | -€4,727 | -11.0% |
| Amounts receivable within one year | 40/41 | €8,633 | €2,603 | -€6,030 | -69.8% |
| Trade receivables | 40 | €7,855 | €40 | -€7,815 | -99.5% |
| Other amounts receivable | 41 | €778 | €2,563 | +€1,785 | +229.4% |
| Cash at bank and in hand | 54/58 | €34,281 | €35,584 | +€1,303 | +3.8% |
| Total equity and liabilities | 10/49 | €50,278 | €43,315 | -€6,963 | -13.8% |
| Equity | 10/15 | €49,889 | €41,058 | -€8,831 | -17.7% |
| Contributions | 10/11 | €18,592 | €20,830 | +€2,238 | +12.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €54,238 | €52,000 | -€2,238 | -4.1% |
| Non-distributable reserves | 130/1 | €2,238 | - | -€2,238 | |
| Legal reserve | 130 | €2,238 | - | -€2,238 | |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,941 | -€31,772 | -€8,831 | -38.5% |
| Amounts payable | 17/49 | €389 | €2,257 | +€1,868 | +480.2% |
| Amounts payable within one year | 42/48 | €389 | €177 | -€212 | -54.5% |
| Trade debts | 44 | €186 | €141 | -€45 | -24.2% |
| Suppliers | 440/4 | €186 | €141 | -€45 | -24.2% |
| Taxes, remuneration and social security | 45 | €203 | €36 | -€167 | -82.3% |
| Taxes | 450/3 | €203 | €36 | -€167 | -82.3% |
| Accrued charges and deferred income | 492/3 | - | €2,080 | +€2,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,296 | €2,236 | +€940 | +72.5% |
| Other operating charges | 640/8 | €1,397 | €288 | -€1,109 | -79.4% |
| Gross operating margin | 9900 | -€6,821 | -€6,492 | +€329 | +4.8% |
| Operating profit (loss) | 9901 | -€9,514 | -€9,016 | +€498 | +5.2% |
| Financial income | 75/76B | €21 | €620 | +€599 | +2852.4% |
| Recurring financial income | 75 | €21 | €620 | +€599 | +2852.4% |
| Financial charges | 65/66B | €7,149 | €358 | -€6,791 | -95.0% |
| Recurring financial charges | 65 | €7,149 | €358 | -€6,791 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,642 | -€8,754 | +€7,888 | +47.4% |
| Income taxes | 67/77 | - | €77 | +€77 | |
| Profit (loss) for the period | 9904 | -€16,642 | -€8,831 | +€7,811 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,642 | -€8,831 | +€7,811 | +46.9% |
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.