JVCON: 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.
JVCON
Largest movements
- Cash -€252,891
down €252,891 (-43.2%), from €585,543 to €332,652
mainly Contributions, distributions and other (-€324,513) and Deferred charges and accrued income (-€60,026)
- Deferred charges and accrued income +€60,026
up €60,026 (+2,079%), from €2,887 to €62,913
- Receivables within one year -€45,863
down €45,863 (-32.0%), from €143,458 to €97,596
of which Trade receivables: -€72,578
- Tangible fixed assets -€11,713
down €11,713 (-22.3%), from €52,520 to €40,808
of which Land and buildings: -€9,835
- Reserves -€225,392
down €225,392 (-31.1%), from €724,764 to €499,372
of which Distributable reserves: -€225,392
- Tax, wage and social debts -€20,982
down €20,982 (-53.6%), from €39,122 to €18,140
of which Taxes: -€20,982
- Gross operating margin -€99,704
down €99,704 (-37.9%), from €262,922 to €163,218
- Taxes -€31,076
down €31,076 (-39.8%), from €78,005 to €46,929
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,408 | €533,968 | -€250,440 | -31.9% |
| Fixed assets | 21/28 | €52,520 | €40,808 | -€11,713 | -22.3% |
| Tangible fixed assets | 22/27 | €52,520 | €40,808 | -€11,713 | -22.3% |
| Land and buildings | 22 | €41,552 | €31,717 | -€9,835 | -23.7% |
| Plant, machinery and equipment | 23 | €1,749 | €1,530 | -€219 | -12.5% |
| Furniture and vehicles | 24 | €9,219 | €7,561 | -€1,658 | -18.0% |
| Current assets | 29/58 | €731,888 | €493,160 | -€238,728 | -32.6% |
| Amounts receivable within one year | 40/41 | €143,458 | €97,596 | -€45,863 | -32.0% |
| Trade receivables | 40 | €114,366 | €41,788 | -€72,578 | -63.5% |
| Other amounts receivable | 41 | €29,093 | €55,808 | +€26,715 | +91.8% |
| Cash at bank and in hand | 54/58 | €585,543 | €332,652 | -€252,891 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,887 | €62,913 | +€60,026 | +2,079% |
| Total equity and liabilities | 10/49 | €784,408 | €533,968 | -€250,440 | -31.9% |
| Equity | 10/15 | €730,964 | €505,572 | -€225,392 | -30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €724,764 | €499,372 | -€225,392 | -31.1% |
| Tax-exempt reserves | 132 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €699,764 | €474,372 | -€225,392 | -32.2% |
| Amounts payable | 17/49 | €53,444 | €28,396 | -€25,048 | -46.9% |
| Amounts payable within one year | 42/48 | €52,769 | €27,377 | -€25,391 | -48.1% |
| Trade debts | 44 | €13,647 | €9,238 | -€4,409 | -32.3% |
| Suppliers | 440/4 | €13,647 | €9,238 | -€4,409 | -32.3% |
| Taxes, remuneration and social security | 45 | €39,122 | €18,140 | -€20,982 | -53.6% |
| Taxes | 450/3 | €35,922 | €14,940 | -€20,982 | -58.4% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €675 | €1,018 | +€343 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,691 | €11,713 | +€22 | +0.2% |
| Other operating charges | 640/8 | €2,333 | €3,140 | +€807 | +34.6% |
| Gross operating margin | 9900 | €262,922 | €163,218 | -€99,704 | -37.9% |
| Operating profit (loss) | 9901 | €248,898 | €148,365 | -€100,532 | -40.4% |
| Financial income | 75/76B | €3,479 | €2,087 | -€1,393 | -40.0% |
| Recurring financial income | 75 | €3,479 | €2,087 | -€1,393 | -40.0% |
| Financial charges | 65/66B | €5,718 | €4,402 | -€1,316 | -23.0% |
| Recurring financial charges | 65 | €5,718 | €4,402 | -€1,316 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €246,660 | €146,050 | -€100,610 | -40.8% |
| Income taxes | 67/77 | €78,005 | €46,929 | -€31,076 | -39.8% |
| Profit (loss) for the period | 9904 | €168,655 | €99,121 | -€69,533 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €168,655 | €99,121 | -€69,533 | -41.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.