J&W CONSTRUCT: what changed
Two fiscal 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 -€231,158
down €231,158 (-50.1%), from €461,402 to €230,244
of which Trade receivables: -€143,735
- Cash -€90,705
down €90,705 (-39.4%), from €230,321 to €139,615
mainly Contributions, distributions and other (-€195,378) and Trade debts (-€114,239)
- Tangible fixed assets -€53,471
down €53,471 (-47.1%), from €113,556 to €60,085
of which Plant, machinery and equipment: -€34,051
- Intangible fixed assets -€50,000
down €50,000 (-15.2%), from €329,041 to €279,041
- Reserves -€176,705
down €176,705 (-50.6%), from €349,556 to €172,851
- Trade debts -€114,239
down €114,239 (-37.7%), from €302,900 to €188,662
- Tax, wage and social debts -€71,063
down €71,063 (-98.6%), from €72,038 to €975
of which Taxes: -€67,613
- Debts after one year -€59,030
down €59,030 (-33.4%), from €176,491 to €117,461
- Other debts +€21,956
up €21,956 (+15.6%), from €140,528 to €162,485
- Gross operating margin -€115,145
down €115,145 (-46.1%), from €249,576 to €134,431
- Taxes -€23,319
down €23,319 (-73.5%), from €31,728 to €8,409
- Depreciation -€10,465
down €10,465 (-9.1%), from €115,496 to €105,031
- Financial income -€6,579
down €6,579 (-46.9%), from €14,031 to €7,452
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 | €1,138,735 | €715,663 | -€423,073 | -37.2% |
| Fixed assets | 21/28 | €442,597 | €339,126 | -€103,471 | -23.4% |
| Intangible fixed assets | 21 | €329,041 | €279,041 | -€50,000 | -15.2% |
| Tangible fixed assets | 22/27 | €113,556 | €60,085 | -€53,471 | -47.1% |
| Plant, machinery and equipment | 23 | €64,462 | €30,411 | -€34,051 | -52.8% |
| Furniture and vehicles | 24 | €3,953 | €1,359 | -€2,593 | -65.6% |
| Leasing and similar rights | 25 | €45,141 | €28,315 | -€16,826 | -37.3% |
| Current assets | 29/58 | €696,138 | €376,537 | -€319,601 | -45.9% |
| Amounts receivable within one year | 40/41 | €461,402 | €230,244 | -€231,158 | -50.1% |
| Trade receivables | 40 | €333,505 | €189,771 | -€143,735 | -43.1% |
| Other amounts receivable | 41 | €127,897 | €40,473 | -€87,424 | -68.4% |
| Cash at bank and in hand | 54/58 | €230,321 | €139,615 | -€90,705 | -39.4% |
| Deferred charges and accrued income | 490/1 | €4,415 | €6,677 | +€2,262 | +51.2% |
| Total equity and liabilities | 10/49 | €1,138,735 | €715,663 | -€423,073 | -37.2% |
| Equity | 10/15 | €355,756 | €179,051 | -€176,705 | -49.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,556 | €172,851 | -€176,705 | -50.6% |
| Distributable reserves | 133 | €349,556 | €172,851 | -€176,705 | -50.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €782,979 | €536,611 | -€246,367 | -31.5% |
| Amounts payable after more than one year | 17 | €176,491 | €117,461 | -€59,030 | -33.4% |
| Financial debts | 170/4 | €176,491 | €117,461 | -€59,030 | -33.4% |
| Amounts payable within one year | 42/48 | €598,488 | €411,150 | -€187,338 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €62,428 | €59,030 | -€3,399 | -5.4% |
| Financial debts | 43 | €20,594 | €0 | -€20,594 | -100.0% |
| Credit institutions | 430/8 | €20,594 | €0 | -€20,594 | -100.0% |
| Trade debts | 44 | €302,900 | €188,662 | -€114,239 | -37.7% |
| Suppliers | 440/4 | €302,900 | €188,662 | -€114,239 | -37.7% |
| Taxes, remuneration and social security | 45 | €72,038 | €975 | -€71,063 | -98.6% |
| Taxes | 450/3 | €68,588 | €975 | -€67,613 | -98.6% |
| Remuneration and social security | 454/9 | €3,450 | €0 | -€3,450 | -100.0% |
| Other amounts payable | 47/48 | €140,528 | €162,485 | +€21,956 | +15.6% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,496 | €105,031 | -€10,465 | -9.1% |
| Other operating charges | 640/8 | €4,281 | €3,396 | -€885 | -20.7% |
| Gross operating margin | 9900 | €249,576 | €134,431 | -€115,145 | -46.1% |
| Operating profit (loss) | 9901 | €129,798 | €26,004 | -€103,794 | -80.0% |
| Financial income | 75/76B | €14,031 | €7,452 | -€6,579 | -46.9% |
| Recurring financial income | 75 | €14,031 | €7,452 | -€6,579 | -46.9% |
| Financial charges | 65/66B | €6,858 | €6,374 | -€484 | -7.1% |
| Recurring financial charges | 65 | €6,858 | €6,374 | -€484 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €136,971 | €27,082 | -€109,889 | -80.2% |
| Income taxes | 67/77 | €31,728 | €8,409 | -€23,319 | -73.5% |
| Profit (loss) for the period | 9904 | €105,242 | €18,673 | -€86,569 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,242 | €18,673 | -€86,569 | -82.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.