JVV 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.
JVV Management
Largest movements
- Current investments +€37,000
new in 2025: €37,000
- Receivables within one year -€33,254
down €33,254 (-39.8%), from €83,496 to €50,241
of which Other amounts receivable: -€26,495
- Tangible fixed assets -€9,193
down €9,193 (-3.4%), from €273,722 to €264,529
of which Land and buildings: -€10,500
- Other debts +€56,766
up €56,766 (+419%), from €13,533 to €70,299
- Reserves -€37,698
down €37,698 (-36.3%), from €103,918 to €66,221
- Debts after one year -€14,995
down €14,995 (-7.4%), from €201,773 to €186,778
- Trade debts -€5,487
down €5,487 (-63.0%), from €8,717 to €3,229
- Gross operating margin -€25,714
down €25,714 (-31.5%), from €81,622 to €55,907
- Taxes -€3,586
down €3,586 (-25.0%), from €14,340 to €10,754
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 | €366,183 | €361,785 | -€4,398 | -1.2% |
| Fixed assets | 21/28 | €273,722 | €264,529 | -€9,193 | -3.4% |
| Tangible fixed assets | 22/27 | €273,722 | €264,529 | -€9,193 | -3.4% |
| Land and buildings | 22 | €254,110 | €243,610 | -€10,500 | -4.1% |
| Plant, machinery and equipment | 23 | €19,001 | €20,919 | +€1,918 | +10.1% |
| Furniture and vehicles | 24 | €611 | €0 | -€611 | -100% |
| Current assets | 29/58 | €92,462 | €97,256 | +€4,795 | +5.2% |
| Amounts receivable within one year | 40/41 | €83,496 | €50,241 | -€33,254 | -39.8% |
| Trade receivables | 40 | €8,589 | €1,830 | -€6,759 | -78.7% |
| Other amounts receivable | 41 | €74,907 | €48,412 | -€26,495 | -35.4% |
| Current investments | 50/53 | - | €37,000 | +€37,000 | |
| Cash at bank and in hand | 54/58 | €8,966 | €10,015 | +€1,049 | +11.7% |
| Total equity and liabilities | 10/49 | €366,183 | €361,785 | -€4,398 | -1.2% |
| Equity | 10/15 | €112,418 | €74,721 | -€37,698 | -33.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €103,918 | €66,221 | -€37,698 | -36.3% |
| Distributable reserves | 133 | €103,918 | €66,221 | -€37,698 | -36.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €253,765 | €287,064 | +€33,299 | +13.1% |
| Amounts payable after more than one year | 17 | €201,773 | €186,778 | -€14,995 | -7.4% |
| Financial debts | 170/4 | €201,773 | €186,778 | -€14,995 | -7.4% |
| Amounts payable within one year | 42/48 | €51,992 | €100,285 | +€48,294 | +92.9% |
| Current portion of amounts payable after more than one year | 42 | €14,588 | €14,995 | +€407 | +2.8% |
| Trade debts | 44 | €8,717 | €3,229 | -€5,487 | -63.0% |
| Suppliers | 440/4 | €8,717 | €3,229 | -€5,487 | -63.0% |
| Taxes, remuneration and social security | 45 | €15,154 | €11,762 | -€3,392 | -22.4% |
| Taxes | 450/3 | €11,857 | €8,440 | -€3,417 | -28.8% |
| Remuneration and social security | 454/9 | €3,297 | €3,322 | +€25 | +0.7% |
| Other amounts payable | 47/48 | €13,533 | €70,299 | +€56,766 | +419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,143 | €13,423 | +€280 | +2.1% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €81,622 | €55,907 | -€25,714 | -31.5% |
| Operating profit (loss) | 9901 | €67,965 | €41,956 | -€26,009 | -38.3% |
| Financial income | 75/76B | €4,434 | €4,120 | -€313 | -7.1% |
| Recurring financial income | 75 | €4,434 | €4,120 | -€313 | -7.1% |
| Financial charges | 65/66B | €6,359 | €6,020 | -€338 | -5.3% |
| Recurring financial charges | 65 | €6,359 | €6,020 | -€338 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €66,040 | €40,056 | -€25,984 | -39.3% |
| Income taxes | 67/77 | €14,340 | €10,754 | -€3,586 | -25.0% |
| Profit (loss) for the period | 9904 | €51,701 | €29,302 | -€22,398 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,701 | €29,302 | -€22,398 | -43.3% |
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 15 October 2026 via checked.be.