J.DW: 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.DW
Largest movements
- Receivables within one year -€307,421
down €307,421 (-94.9%), from €323,869 to €16,448
of which Trade receivables: -€292,374
- Tangible fixed assets -€42,102
down €42,102 (-19.7%), from €213,307 to €171,205
of which Land and buildings: -€28,828
- Deferred charges and accrued income +€5,677
up €5,677 (+1081.3%), from €525 to €6,202
- Other debts -€168,980
down €168,980 (-58.0%), from €291,320 to €122,340
- Reserves -€125,800
down €125,800 (-95.8%), from €131,294 to €5,495
of which Tax-exempt reserves: -€101,440
- Provisions -€52,620
down €52,620 (-100.0%), from €52,620 to €0
- Profit (loss) carried forward +€28,064
up €28,064 (+67.7%), from -€41,476 to -€13,412
- Trade debts -€25,453
down €25,453 (-62.4%), from €40,822 to €15,368
- Gross operating margin -€76,306
down €76,306, from €72,376 to -€3,930
- Write-downs +€69,727
new in 2024: €69,727
- Financial charges +€29,341
up €29,341 (+761.5%), from €3,853 to €33,194
- Depreciation -€19,129
down €19,129 (-36.8%), from €51,987 to €32,859
- Other operating charges +€9,048
up €9,048 (+561.8%), from €1,611 to €10,658
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,086 | €213,025 | -€348,062 | -62.0% |
| Fixed assets | 21/28 | €213,307 | €171,205 | -€42,102 | -19.7% |
| Tangible fixed assets | 22/27 | €213,307 | €171,205 | -€42,102 | -19.7% |
| Land and buildings | 22 | €185,572 | €156,744 | -€28,828 | -15.5% |
| Plant, machinery and equipment | 23 | €8,064 | €7,223 | -€841 | -10.4% |
| Furniture and vehicles | 24 | €19,671 | €7,238 | -€12,433 | -63.2% |
| Current assets | 29/58 | €347,779 | €41,820 | -€305,960 | -88.0% |
| Amounts receivable within one year | 40/41 | €323,869 | €16,448 | -€307,421 | -94.9% |
| Trade receivables | 40 | €292,374 | €0 | -€292,374 | -100.0% |
| Other amounts receivable | 41 | €31,495 | €16,448 | -€15,046 | -47.8% |
| Cash at bank and in hand | 54/58 | €23,386 | €19,170 | -€4,216 | -18.0% |
| Deferred charges and accrued income | 490/1 | €525 | €6,202 | +€5,677 | +1081.3% |
| Total equity and liabilities | 10/49 | €561,086 | €213,025 | -€348,062 | -62.0% |
| Equity | 10/15 | €96,018 | -€1,718 | -€97,736 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,294 | €5,495 | -€125,800 | -95.8% |
| Tax-exempt reserves | 132 | €106,934 | €5,495 | -€101,440 | -94.9% |
| Distributable reserves | 133 | €24,360 | €0 | -€24,360 | -100.0% |
| Profit (loss) carried forward | 14 | -€41,476 | -€13,412 | +€28,064 | +67.7% |
| Provisions and deferred taxes | 16 | €52,620 | €0 | -€52,620 | -100.0% |
| Deferred taxes | 168 | €52,620 | €0 | -€52,620 | -100.0% |
| Amounts payable | 17/49 | €412,448 | €214,743 | -€197,705 | -47.9% |
| Amounts payable after more than one year | 17 | €70,290 | €57,114 | -€13,177 | -18.7% |
| Financial debts | 170/4 | €70,290 | €57,114 | -€13,177 | -18.7% |
| Amounts payable within one year | 42/48 | €342,158 | €157,629 | -€184,529 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €10,016 | €10,177 | +€160 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,822 | €15,368 | -€25,453 | -62.4% |
| Suppliers | 440/4 | €40,822 | €15,368 | -€25,453 | -62.4% |
| Advances received on contracts in progress | 46 | - | €9,744 | +€9,744 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €291,320 | €122,340 | -€168,980 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,987 | €32,859 | -€19,129 | -36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €69,727 | +€69,727 | |
| Other operating charges | 640/8 | €1,611 | €10,658 | +€9,048 | +561.8% |
| Gross operating margin | 9900 | €72,376 | -€3,930 | -€76,306 | |
| Operating profit (loss) | 9901 | €18,778 | -€117,174 | -€135,952 | |
| Financial income | 75/76B | €8 | €11 | +€3 | +43.1% |
| Recurring financial income | 75 | €8 | €11 | +€3 | +43.1% |
| Financial charges | 65/66B | €3,853 | €33,194 | +€29,341 | +761.5% |
| Recurring financial charges | 65 | €3,853 | €33,194 | +€29,341 | +761.5% |
| Profit (loss) for the period before taxes | 9903 | €14,933 | -€150,356 | -€165,289 | |
| Transfer from deferred taxes | 780 | €1,300 | €38,515 | +€37,215 | +2863.6% |
| Profit (loss) for the period | 9904 | €16,232 | -€111,841 | -€128,074 | |
| Transfer from tax-exempt reserves | 789 | €3,094 | €115,545 | +€112,451 | +3634.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,326 | €3,704 | -€15,622 | -80.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.