J&W Construct: 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 Construct
Largest movements
- Receivables within one year +€23,308
up €23,308 (+469%), from €4,968 to €28,277
of which Trade receivables: +€25,659
- Cash +€1,486
up €1,486 (+9.1%), from €16,401 to €17,887
mainly Other debts (+€15,734) and Trade debts (+€11,569)
- Other debts +€15,734
new in 2025: €15,734
- Trade debts +€11,569
up €11,569 (+1,673%), from €691 to €12,260
- Profit (loss) carried forward -€1,754
down €1,754 (-86.9%), from €2,019 to €265
- Accrued charges and deferred income -€1,100
no longer reported in 2025 (was €1,100)
- Financial charges +€44,648
up €44,648 (+36,376%), from €123 to €44,770
of which Non-recurring financial charges: +€44,716
- Gross operating margin +€39,578
up €39,578 (+1,059%), from €3,738 to €43,316
- Taxes -€1,147
down €1,147, from €1,126 to -€21
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 | €21,370 | €46,164 | +€24,794 | +116% |
| Current assets | 29/58 | €21,370 | €46,164 | +€24,794 | +116% |
| Amounts receivable within one year | 40/41 | €4,968 | €28,277 | +€23,308 | +469% |
| Trade receivables | 40 | - | €25,659 | +€25,659 | |
| Other amounts receivable | 41 | €4,968 | €2,618 | -€2,351 | -47.3% |
| Cash at bank and in hand | 54/58 | €16,401 | €17,887 | +€1,486 | +9.1% |
| Total equity and liabilities | 10/49 | €21,370 | €46,164 | +€24,794 | +116% |
| Equity | 10/15 | €19,578 | €17,825 | -€1,754 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,359 | €11,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €9,500 | €11,359 | +€1,859 | +19.6% |
| Profit (loss) carried forward | 14 | €2,019 | €265 | -€1,754 | -86.9% |
| Amounts payable | 17/49 | €1,791 | €28,339 | +€26,548 | +1,482% |
| Amounts payable within one year | 42/48 | €691 | €28,339 | +€27,648 | +3,999% |
| Trade debts | 44 | €691 | €12,260 | +€11,569 | +1,673% |
| Suppliers | 440/4 | €691 | €12,260 | +€11,569 | +1,673% |
| Taxes, remuneration and social security | 45 | - | €345 | +€345 | |
| Taxes | 450/3 | - | €345 | +€345 | |
| Other amounts payable | 47/48 | - | €15,734 | +€15,734 | |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Other operating charges | 640/8 | €647 | €331 | -€316 | -48.9% |
| Gross operating margin | 9900 | €3,738 | €43,316 | +€39,578 | +1,059% |
| Operating profit (loss) | 9901 | €3,091 | €42,985 | +€39,894 | +1,291% |
| Financial income | 75/76B | €11 | €11 | -€1 | -5.7% |
| Recurring financial income | 75 | €11 | €11 | -€1 | -5.7% |
| Financial charges | 65/66B | €123 | €44,770 | +€44,648 | +36,376% |
| Recurring financial charges | 65 | €123 | €54 | -€69 | -56.0% |
| Non-recurring financial charges | 66B | - | €44,716 | +€44,716 | |
| Profit (loss) for the period before taxes | 9903 | €2,979 | -€1,775 | -€4,754 | |
| Income taxes | 67/77 | €1,126 | -€21 | -€1,147 | |
| Profit (loss) for the period | 9904 | €1,853 | -€1,754 | -€3,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,853 | -€1,754 | -€3,607 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.