J-WIRE: 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-WIRE
Largest movements
- Cash +€9,961
up €9,961 (+3.0%), from €327,652 to €337,613
mainly Other debts (+€52,400) and Net result for the year (+€25,503)
- Tangible fixed assets -€8,574
down €8,574 (-5.5%), from €155,804 to €147,230
of which Furniture and vehicles: -€4,744
- Other debts +€52,400
up €52,400 (+366.9%), from €14,281 to €66,681
- Reserves -€40,151
down €40,151 (-8.4%), from €475,416 to €435,265
of which Distributable reserves: -€40,151
- Current portion of long-term debt -€5,295
down €5,295 (-100.0%), from €5,295 to €0
- Gross operating margin -€902
down €902 (-1.9%), from €47,327 to €46,425
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 | €513,391 | €514,418 | +€1,027 | +0.2% |
| Fixed assets | 21/28 | €156,128 | €147,273 | -€8,854 | -5.7% |
| Tangible fixed assets | 22/27 | €155,804 | €147,230 | -€8,574 | -5.5% |
| Land and buildings | 22 | €137,469 | €133,999 | -€3,470 | -2.5% |
| Plant, machinery and equipment | 23 | €1,760 | €1,400 | -€360 | -20.5% |
| Furniture and vehicles | 24 | €16,575 | €11,831 | -€4,744 | -28.6% |
| Financial fixed assets | 28 | €323 | €43 | -€280 | -86.6% |
| Current assets | 29/58 | €357,263 | €367,144 | +€9,881 | +2.8% |
| Amounts receivable within one year | 40/41 | €27,006 | €26,987 | -€19 | -0.1% |
| Trade receivables | 40 | €26,760 | €26,987 | +€227 | +0.8% |
| Other amounts receivable | 41 | €245 | €0 | -€245 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €327,652 | €337,613 | +€9,961 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,544 | -€61 | -2.4% |
| Total equity and liabilities | 10/49 | €513,391 | €514,418 | +€1,027 | +0.2% |
| Equity | 10/15 | €481,613 | €441,463 | -€40,151 | -8.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €475,416 | €435,265 | -€40,151 | -8.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €473,557 | €433,406 | -€40,151 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,777 | €72,955 | +€41,178 | +129.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,458 | €72,751 | +€41,293 | +131.3% |
| Current portion of amounts payable after more than one year | 42 | €5,295 | €0 | -€5,295 | -100.0% |
| Financial debts | 43 | - | €7 | +€7 | |
| Other loans | 439 | - | €7 | +€7 | |
| Trade debts | 44 | €2,339 | €1,659 | -€680 | -29.1% |
| Suppliers | 440/4 | €2,339 | €1,659 | -€680 | -29.1% |
| Taxes, remuneration and social security | 45 | €9,543 | €4,405 | -€5,139 | -53.8% |
| Taxes | 450/3 | €6,124 | €4,405 | -€1,720 | -28.1% |
| Remuneration and social security | 454/9 | €3,419 | €0 | -€3,419 | -100.0% |
| Other amounts payable | 47/48 | €14,281 | €66,681 | +€52,400 | +366.9% |
| Accrued charges and deferred income | 492/3 | €319 | €204 | -€116 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,608 | €10,678 | +€70 | +0.7% |
| Other operating charges | 640/8 | €1,393 | €1,438 | +€45 | +3.2% |
| Gross operating margin | 9900 | €47,327 | €46,425 | -€902 | -1.9% |
| Operating profit (loss) | 9901 | €35,326 | €34,309 | -€1,017 | -2.9% |
| Financial income | 75/76B | €2,204 | €2,640 | +€436 | +19.8% |
| Recurring financial income | 75 | €2,204 | €2,640 | +€436 | +19.8% |
| Financial charges | 65/66B | €211 | €91 | -€120 | -56.8% |
| Recurring financial charges | 65 | €211 | €91 | -€120 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €37,319 | €36,858 | -€461 | -1.2% |
| Income taxes | 67/77 | €11,581 | €11,355 | -€226 | -1.9% |
| Profit (loss) for the period | 9904 | €25,738 | €25,503 | -€236 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,738 | €25,503 | -€236 | -0.9% |
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 10 October 2026 via checked.be.