Ja Watt: 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.
Ja Watt
Largest movements
- Receivables after one year -€28,798
down €28,798 (-70.3%), from €40,973 to €12,175
- Cash -€18,968
down €18,968 (-96.9%), from €19,565 to €598
mainly Net result for the year (-€28,961) and Deferred charges and accrued income (-€13,868)
- Deferred charges and accrued income +€13,868
up €13,868 (+479.7%), from €2,891 to €16,759
- Receivables within one year +€7,205
up €7,205 (+2134.3%), from €338 to €7,543
of which Trade receivables: +€5,430
- Tangible fixed assets -€1,076
down €1,076 (-31.6%), from €3,407 to €2,331
- Reserves -€28,961
down €28,961 (-50.5%), from €57,341 to €28,380
- Tax, wage and social debts +€785
up €785 (+8.9%), from €8,782 to €9,567
- Gross operating margin -€73,297
down €73,297, from €44,904 to -€28,393
- Taxes -€8,274
down €8,274 (-94.2%), from €8,782 to €508
- Other operating charges -€3,498
down €3,498 (-87.8%), from €3,985 to €487
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 | €67,173 | €39,405 | -€27,768 | -41.3% |
| Fixed assets | 21/28 | €3,407 | €2,331 | -€1,076 | -31.6% |
| Tangible fixed assets | 22/27 | €3,407 | €2,331 | -€1,076 | -31.6% |
| Furniture and vehicles | 24 | €3,407 | €2,331 | -€1,076 | -31.6% |
| Current assets | 29/58 | €63,767 | €37,074 | -€26,693 | -41.9% |
| Amounts receivable after more than one year | 29 | €40,973 | €12,175 | -€28,798 | -70.3% |
| Trade receivables | 290 | €40,973 | €12,175 | -€28,798 | -70.3% |
| Amounts receivable within one year | 40/41 | €338 | €7,543 | +€7,205 | +2134.3% |
| Trade receivables | 40 | €0 | €5,430 | +€5,430 | |
| Other amounts receivable | 41 | €338 | €2,113 | +€1,775 | +525.9% |
| Cash at bank and in hand | 54/58 | €19,565 | €598 | -€18,968 | -96.9% |
| Deferred charges and accrued income | 490/1 | €2,891 | €16,759 | +€13,868 | +479.7% |
| Total equity and liabilities | 10/49 | €67,173 | €39,405 | -€27,768 | -41.3% |
| Equity | 10/15 | €57,441 | €28,480 | -€28,961 | -50.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €57,341 | €28,380 | -€28,961 | -50.5% |
| Distributable reserves | 133 | €57,341 | €28,380 | -€28,961 | -50.5% |
| Amounts payable | 17/49 | €9,732 | €10,925 | +€1,192 | +12.3% |
| Amounts payable within one year | 42/48 | €9,436 | €10,644 | +€1,207 | +12.8% |
| Trade debts | 44 | €655 | €1,076 | +€422 | +64.5% |
| Suppliers | 440/4 | €655 | €1,076 | +€422 | +64.5% |
| Taxes, remuneration and social security | 45 | €8,782 | €9,567 | +€785 | +8.9% |
| Taxes | 450/3 | €8,782 | €9,567 | +€785 | +8.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €296 | €281 | -€15 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €1,076 | +€319 | +42.2% |
| Other operating charges | 640/8 | €3,985 | €487 | -€3,498 | -87.8% |
| Gross operating margin | 9900 | €44,904 | -€28,393 | -€73,297 | |
| Operating profit (loss) | 9901 | €40,162 | -€29,956 | -€70,118 | |
| Financial income | 75/76B | €1,278 | €1,584 | +€305 | +23.9% |
| Recurring financial income | 75 | €1,278 | €1,584 | +€305 | +23.9% |
| Financial charges | 65/66B | €78 | €80 | +€2 | +3.1% |
| Recurring financial charges | 65 | €78 | €80 | +€2 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €41,363 | -€28,453 | -€69,816 | |
| Income taxes | 67/77 | €8,782 | €508 | -€8,274 | -94.2% |
| Profit (loss) for the period | 9904 | €32,581 | -€28,961 | -€61,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,581 | -€28,961 | -€61,542 |
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 9 October 2026 via checked.be.