J&W: 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&W
Largest movements
- Cash -€5,056
down €5,056 (-48.3%), from €10,475 to €5,419
mainly Net result for the year (-€4,269) and Other debts (-€1,852)
- Receivables within one year +€1,738
up €1,738 (+12297.5%), from €14 to €1,752
- Tangible fixed assets -€309
down €309 (-40.4%), from €766 to €456
- Profit (loss) carried forward -€4,269
down €4,269 (-25.6%), from -€16,701 to -€20,969
- Trade debts +€2,443
up €2,443 (+203.1%), from €1,203 to €3,646
- Other debts -€1,852
down €1,852 (-10.4%), from €17,859 to €16,007
- Tax, wage and social debts +€399
up €399 (+288.1%), from €139 to €538
- Short-term financial debts -€349
down €349 (-50.2%), from €695 to €346
- Gross operating margin -€24,696
down €24,696, from €21,494 to -€3,202
- Taxes -€3,890
down €3,890 (-94.0%), from €4,139 to €248
- Other operating charges -€264
down €264 (-40.6%), from €650 to €386
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.
Cash bridge derived
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 | €11,254 | €7,627 | -€3,627 | -32.2% |
| Fixed assets | 21/28 | €766 | €456 | -€309 | -40.4% |
| Tangible fixed assets | 22/27 | €766 | €456 | -€309 | -40.4% |
| Plant, machinery and equipment | 23 | €766 | €456 | -€309 | -40.4% |
| Current assets | 29/58 | €10,489 | €7,171 | -€3,318 | -31.6% |
| Amounts receivable within one year | 40/41 | €14 | €1,752 | +€1,738 | +12297.5% |
| Other amounts receivable | 41 | €14 | €1,752 | +€1,738 | +12297.5% |
| Cash at bank and in hand | 54/58 | €10,475 | €5,419 | -€5,056 | -48.3% |
| Total equity and liabilities | 10/49 | €11,254 | €7,627 | -€3,627 | -32.2% |
| Equity | 10/15 | -€8,641 | -€12,910 | -€4,269 | -49.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,701 | -€20,969 | -€4,269 | -25.6% |
| Amounts payable | 17/49 | €19,896 | €20,537 | +€641 | +3.2% |
| Amounts payable within one year | 42/48 | €19,896 | €20,537 | +€641 | +3.2% |
| Financial debts | 43 | €695 | €346 | -€349 | -50.2% |
| Other loans | 439 | €695 | €346 | -€349 | -50.2% |
| Trade debts | 44 | €1,203 | €3,646 | +€2,443 | +203.1% |
| Suppliers | 440/4 | €1,203 | €3,646 | +€2,443 | +203.1% |
| Taxes, remuneration and social security | 45 | €139 | €538 | +€399 | +288.1% |
| Taxes | 450/3 | €139 | €538 | +€399 | +288.1% |
| Other amounts payable | 47/48 | €17,859 | €16,007 | -€1,852 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €309 | = | 0.0% |
| Other operating charges | 640/8 | €650 | €386 | -€264 | -40.6% |
| Gross operating margin | 9900 | €21,494 | -€3,202 | -€24,696 | |
| Operating profit (loss) | 9901 | €20,535 | -€3,897 | -€24,432 | |
| Financial charges | 65/66B | €308 | €124 | -€184 | -59.9% |
| Recurring financial charges | 65 | €305 | €124 | -€181 | -59.4% |
| Non-recurring financial charges | 66B | €3 | - | -€3 | |
| Profit (loss) for the period before taxes | 9903 | €20,227 | -€4,020 | -€24,248 | |
| Income taxes | 67/77 | €4,139 | €248 | -€3,890 | -94.0% |
| Profit (loss) for the period | 9904 | €16,088 | -€4,269 | -€20,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,088 | -€4,269 | -€20,357 |
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 11 October 2026 via checked.be.