J.E.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.E.W. Management
Largest movements
- Receivables within one year -€38,240
down €38,240 (-100%), from €38,240 to €0
of which Other amounts receivable: -€28,623
- Tangible fixed assets -€5,982
down €5,982 (-31.1%), from €19,225 to €13,243
- Cash -€3,494
down €3,494 (-21.3%), from €16,383 to €12,889
mainly Contributions, distributions and other (-€48,934) and Trade debts (-€9,195)
- Reserves -€22,810
down €22,810 (-78.8%), from €28,934 to €6,124
- Trade debts -€9,195
down €9,195 (-95.8%), from €9,600 to €405
- Tax, wage and social debts -€8,228
down €8,228 (-58.7%), from €14,017 to €5,789
- Debts after one year -€8,126
down €8,126 (-85.4%), from €9,510 to €1,384
- Other debts +€1,007
new in 2025: €1,007
- Gross operating margin +€3,250
up €3,250 (+8.6%), from €37,876 to €41,126
- Taxes +€691
up €691 (+10.6%), from €6,503 to €7,193
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 | €74,387 | €27,335 | -€47,051 | -63.3% |
| Fixed assets | 21/28 | €19,225 | €13,243 | -€5,982 | -31.1% |
| Tangible fixed assets | 22/27 | €19,225 | €13,243 | -€5,982 | -31.1% |
| Furniture and vehicles | 24 | €19,225 | €13,243 | -€5,982 | -31.1% |
| Current assets | 29/58 | €55,162 | €14,092 | -€41,069 | -74.5% |
| Amounts receivable within one year | 40/41 | €38,240 | €0 | -€38,240 | -100% |
| Trade receivables | 40 | €9,616 | €0 | -€9,616 | -100% |
| Other amounts receivable | 41 | €28,623 | €0 | -€28,623 | -100% |
| Cash at bank and in hand | 54/58 | €16,383 | €12,889 | -€3,494 | -21.3% |
| Deferred charges and accrued income | 490/1 | €539 | €1,204 | +€665 | +123% |
| Total equity and liabilities | 10/49 | €74,387 | €27,335 | -€47,051 | -63.3% |
| Equity | 10/15 | €31,434 | €8,624 | -€22,810 | -72.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,934 | €6,124 | -€22,810 | -78.8% |
| Distributable reserves | 133 | €28,934 | €6,124 | -€22,810 | -78.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,953 | €18,711 | -€24,241 | -56.4% |
| Amounts payable after more than one year | 17 | €9,510 | €1,384 | -€8,126 | -85.4% |
| Financial debts | 170/4 | €9,510 | €1,384 | -€8,126 | -85.4% |
| Amounts payable within one year | 42/48 | €31,443 | €15,327 | -€16,116 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €7,826 | €8,126 | +€300 | +3.8% |
| Trade debts | 44 | €9,600 | €405 | -€9,195 | -95.8% |
| Suppliers | 440/4 | €9,600 | €405 | -€9,195 | -95.8% |
| Taxes, remuneration and social security | 45 | €14,017 | €5,789 | -€8,228 | -58.7% |
| Taxes | 450/3 | €14,017 | €5,789 | -€8,228 | -58.7% |
| Other amounts payable | 47/48 | - | €1,007 | +€1,007 | |
| 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 | €5,982 | €5,982 | = | 0.0% |
| Other operating charges | 640/8 | €977 | €1,152 | +€175 | +17.9% |
| Gross operating margin | 9900 | €37,876 | €41,126 | +€3,250 | +8.6% |
| Operating profit (loss) | 9901 | €30,916 | €33,992 | +€3,076 | +9.9% |
| Financial income | 75/76B | €151 | €0 | -€151 | -100% |
| Recurring financial income | 75 | €151 | €0 | -€151 | -100% |
| Financial charges | 65/66B | €852 | €675 | -€177 | -20.8% |
| Recurring financial charges | 65 | €852 | €675 | -€177 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €30,215 | €33,317 | +€3,102 | +10.3% |
| Income taxes | 67/77 | €6,503 | €7,193 | +€691 | +10.6% |
| Profit (loss) for the period | 9904 | €23,713 | €26,124 | +€2,411 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,713 | €26,124 | +€2,411 | +10.2% |
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 31 October 2026 via checked.be.