J.A.W. 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.
J.A.W. Management
Largest movements
- Receivables within one year -€39,642
down €39,642 (-98.4%), from €40,266 to €624
of which Other amounts receivable: -€30,042
- Tangible fixed assets -€8,385
down €8,385 (-33.4%), from €25,108 to €16,723
- Cash -€5,494
down €5,494 (-33.8%), from €16,245 to €10,751
mainly Contributions, distributions and other (-€50,190) and Tax, wage and social debts (-€9,435)
- Reserves -€27,715
down €27,715 (-91.8%), from €30,190 to €2,475
- Tax, wage and social debts -€9,435
down €9,435 (-63.4%), from €14,882 to €5,447
- Trade debts -€8,854
down €8,854 (-81.7%), from €10,832 to €1,978
- Debts after one year -€7,259
down €7,259 (-44.9%), from €16,162 to €8,903
- Gross operating margin -€2,989
down €2,989 (-7.1%), from €42,082 to €39,093
- Taxes -€514
down €514 (-7.5%), from €6,890 to €6,376
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 | €83,497 | €30,727 | -€52,771 | -63.2% |
| Fixed assets | 21/28 | €25,108 | €16,723 | -€8,385 | -33.4% |
| Tangible fixed assets | 22/27 | €25,108 | €16,723 | -€8,385 | -33.4% |
| Furniture and vehicles | 24 | €25,108 | €16,723 | -€8,385 | -33.4% |
| Current assets | 29/58 | €58,389 | €14,004 | -€44,386 | -76.0% |
| Amounts receivable within one year | 40/41 | €40,266 | €624 | -€39,642 | -98.4% |
| Trade receivables | 40 | €9,600 | €0 | -€9,600 | -100% |
| Other amounts receivable | 41 | €30,666 | €624 | -€30,042 | -98.0% |
| Cash at bank and in hand | 54/58 | €16,245 | €10,751 | -€5,494 | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,878 | €2,628 | +€750 | +39.9% |
| Total equity and liabilities | 10/49 | €83,497 | €30,727 | -€52,771 | -63.2% |
| Equity | 10/15 | €32,690 | €4,975 | -€27,715 | -84.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,190 | €2,475 | -€27,715 | -91.8% |
| Distributable reserves | 133 | €30,190 | €2,475 | -€27,715 | -91.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €50,807 | €25,752 | -€25,056 | -49.3% |
| Amounts payable after more than one year | 17 | €16,162 | €8,903 | -€7,259 | -44.9% |
| Financial debts | 170/4 | €16,162 | €8,903 | -€7,259 | -44.9% |
| Amounts payable within one year | 42/48 | €32,645 | €14,848 | -€17,797 | -54.5% |
| Current portion of amounts payable after more than one year | 42 | €6,931 | €7,259 | +€328 | +4.7% |
| Trade debts | 44 | €10,832 | €1,978 | -€8,854 | -81.7% |
| Suppliers | 440/4 | €10,832 | €1,978 | -€8,854 | -81.7% |
| Taxes, remuneration and social security | 45 | €14,882 | €5,447 | -€9,435 | -63.4% |
| Taxes | 450/3 | €14,882 | €5,447 | -€9,435 | -63.4% |
| Other amounts payable | 47/48 | €0 | €164 | +€164 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,106 | €8,385 | +€279 | +3.4% |
| Other operating charges | 640/8 | €693 | €799 | +€105 | +15.2% |
| Gross operating margin | 9900 | €42,082 | €39,093 | -€2,989 | -7.1% |
| Operating profit (loss) | 9901 | €33,282 | €29,909 | -€3,373 | -10.1% |
| Financial income | 75/76B | €189 | €0 | -€189 | -100% |
| Recurring financial income | 75 | €189 | €0 | -€189 | -100% |
| Financial charges | 65/66B | €1,375 | €1,059 | -€317 | -23.0% |
| Recurring financial charges | 65 | €1,375 | €1,059 | -€317 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €32,096 | €28,851 | -€3,246 | -10.1% |
| Income taxes | 67/77 | €6,890 | €6,376 | -€514 | -7.5% |
| Profit (loss) for the period | 9904 | €25,206 | €22,475 | -€2,731 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,206 | €22,475 | -€2,731 | -10.8% |
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 23 October 2026 via checked.be.