EL JAWDA: 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.
EL JAWDA
Largest movements
- Cash +€10,316
up €10,316 (+68.5%), from €15,060 to €25,377
mainly Trade debts (+€22,371) and Net result for the year (+€2,416)
- Tangible fixed assets +€3,720
new in 2025: €3,720
- Stocks and contracts +€2,775
up €2,775 (+78.3%), from €3,545 to €6,320
- Receivables within one year +€2,000
new in 2025: €2,000
- Trade debts +€22,371
up €22,371 (+228%), from €9,826 to €32,196
- Other debts -€5,513
down €5,513 (-72.7%), from €7,578 to €2,066
- Profit (loss) carried forward +€2,416
up €2,416 (+5.6%), from -€43,498 to -€41,082
- Gross operating margin -€31,898
down €31,898 (-27.8%), from €114,853 to €82,955
- Staff costs -€11,756
down €11,756 (-13.9%), from €84,643 to €72,887
- Taxes -€1,873
no longer reported in 2025 (was €1,873)
- Depreciation +€1,860
new in 2025: €1,860
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 | €30,916 | €49,727 | +€18,811 | +60.8% |
| Fixed assets | 21/28 | €12,311 | €16,031 | +€3,720 | +30.2% |
| Tangible fixed assets | 22/27 | - | €3,720 | +€3,720 | |
| Furniture and vehicles | 24 | - | €3,720 | +€3,720 | |
| Financial fixed assets | 28 | €12,311 | €12,311 | = | 0.0% |
| Current assets | 29/58 | €18,605 | €33,697 | +€15,091 | +81.1% |
| Stocks and contracts in progress | 3 | €3,545 | €6,320 | +€2,775 | +78.3% |
| Stocks | 30/36 | €3,545 | €6,320 | +€2,775 | +78.3% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €15,060 | €25,377 | +€10,316 | +68.5% |
| Total equity and liabilities | 10/49 | €30,916 | €49,727 | +€18,811 | +60.8% |
| Equity | 10/15 | -€27,556 | -€25,140 | +€2,416 | +8.8% |
| Reserves | 13 | €15,942 | €15,942 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,942 | €15,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,498 | -€41,082 | +€2,416 | +5.6% |
| Amounts payable | 17/49 | €58,472 | €74,867 | +€16,395 | +28.0% |
| Amounts payable within one year | 42/48 | €58,472 | €74,867 | +€16,395 | +28.0% |
| Trade debts | 44 | €9,826 | €32,196 | +€22,371 | +228% |
| Suppliers | 440/4 | €9,826 | €32,196 | +€22,371 | +228% |
| Taxes, remuneration and social security | 45 | €41,068 | €40,605 | -€463 | -1.1% |
| Taxes | 450/3 | €5,139 | €2,536 | -€2,603 | -50.7% |
| Remuneration and social security | 454/9 | €35,929 | €38,069 | +€2,140 | +6.0% |
| Other amounts payable | 47/48 | €7,578 | €2,066 | -€5,513 | -72.7% |
| Remuneration, social security and pensions | 62 | €84,643 | €72,887 | -€11,756 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,860 | +€1,860 | |
| Other operating charges | 640/8 | €1,634 | €619 | -€1,015 | -62.1% |
| Gross operating margin | 9900 | €114,853 | €82,955 | -€31,898 | -27.8% |
| Operating profit (loss) | 9901 | €28,575 | €7,589 | -€20,986 | -73.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €5,500 | €5,173 | -€327 | -5.9% |
| Recurring financial charges | 65 | €5,500 | €5,173 | -€327 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €23,076 | €2,416 | -€20,659 | -89.5% |
| Income taxes | 67/77 | €1,873 | - | -€1,873 | |
| Profit (loss) for the period | 9904 | €21,203 | €2,416 | -€18,787 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,203 | €2,416 | -€18,787 | -88.6% |
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 20 October 2026 via checked.be.