JAW&S: 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.
JAW&S
Largest movements
- Receivables within one year +€143,156
up €143,156 (+2407.6%), from €5,946 to €149,102
of which Trade receivables: +€123,623
- Cash -€94,104
down €94,104 (-28.3%), from €332,813 to €238,709
mainly Receivables within one year (-€143,156) and Contributions, distributions and other (-€34,945)
- Financial fixed assets -€23,068
down €23,068 (-100.0%), from €23,068 to €0
- Tangible fixed assets -€12,486
down €12,486 (-30.8%), from €40,518 to €28,032
of which Furniture and vehicles: -€8,781
- Deferred charges and accrued income -€5,587
down €5,587 (-32.2%), from €17,347 to €11,760
- Tax, wage and social debts +€9,019
up €9,019 (+7.0%), from €128,252 to €137,271
of which Remuneration and social security: +€6,571
- Current portion of long-term debt -€6,785
down €6,785 (-91.5%), from €7,416 to €631
- Gross operating margin +€94,514
up €94,514 (+8.9%), from €1.1m to €1.2m
- Staff costs +€68,172
up €68,172 (+6.9%), from €986,243 to €1.1m
- Financial income -€18,091
down €18,091 (-77.4%), from €23,383 to €5,293
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 | €421,804 | €429,200 | +€7,396 | +1.8% |
| Fixed assets | 21/28 | €65,698 | €29,628 | -€36,070 | -54.9% |
| Intangible fixed assets | 21 | €2,112 | €1,596 | -€516 | -24.4% |
| Tangible fixed assets | 22/27 | €40,518 | €28,032 | -€12,486 | -30.8% |
| Plant, machinery and equipment | 23 | €4,874 | €3,871 | -€1,003 | -20.6% |
| Furniture and vehicles | 24 | €28,532 | €19,751 | -€8,781 | -30.8% |
| Other tangible fixed assets | 26 | €7,111 | €4,409 | -€2,702 | -38.0% |
| Financial fixed assets | 28 | €23,068 | €0 | -€23,068 | -100.0% |
| Current assets | 29/58 | €356,106 | €399,572 | +€43,466 | +12.2% |
| Amounts receivable within one year | 40/41 | €5,946 | €149,102 | +€143,156 | +2407.6% |
| Trade receivables | 40 | €3,125 | €126,748 | +€123,623 | +3955.9% |
| Other amounts receivable | 41 | €2,821 | €22,354 | +€19,533 | +692.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €332,813 | €238,709 | -€94,104 | -28.3% |
| Deferred charges and accrued income | 490/1 | €17,347 | €11,760 | -€5,587 | -32.2% |
| Total equity and liabilities | 10/49 | €421,804 | €429,200 | +€7,396 | +1.8% |
| Equity | 10/15 | €17,138 | €20,813 | +€3,675 | +21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,138 | €15,813 | +€3,675 | +30.3% |
| Amounts payable | 17/49 | €404,666 | €408,387 | +€3,721 | +0.9% |
| Amounts payable after more than one year | 17 | €631 | €0 | -€631 | -100.0% |
| Financial debts | 170/4 | €631 | €0 | -€631 | -100.0% |
| Amounts payable within one year | 42/48 | €403,582 | €407,827 | +€4,245 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €7,416 | €631 | -€6,785 | -91.5% |
| Trade debts | 44 | €233,037 | €234,839 | +€1,802 | +0.8% |
| Suppliers | 440/4 | €233,037 | €234,839 | +€1,802 | +0.8% |
| Taxes, remuneration and social security | 45 | €128,252 | €137,271 | +€9,019 | +7.0% |
| Taxes | 450/3 | €27,765 | €30,214 | +€2,449 | +8.8% |
| Remuneration and social security | 454/9 | €100,487 | €107,058 | +€6,571 | +6.5% |
| Other amounts payable | 47/48 | €34,877 | €35,085 | +€209 | +0.6% |
| Accrued charges and deferred income | 492/3 | €453 | €560 | +€107 | +23.6% |
| Remuneration, social security and pensions | 62 | €986,243 | €1,054,415 | +€68,172 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,647 | €13,813 | +€3,165 | +29.7% |
| Other operating charges | 640/8 | €508 | €2,188 | +€1,680 | +330.3% |
| Gross operating margin | 9900 | €1,057,326 | €1,151,839 | +€94,514 | +8.9% |
| Operating profit (loss) | 9901 | €59,928 | €81,424 | +€21,496 | +35.9% |
| Financial income | 75/76B | €23,383 | €5,293 | -€18,091 | -77.4% |
| Recurring financial income | 75 | €23,383 | €5,293 | -€18,091 | -77.4% |
| Financial charges | 65/66B | €9,571 | €16,304 | +€6,733 | +70.3% |
| Recurring financial charges | 65 | €9,571 | €16,304 | +€6,733 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €73,740 | €70,413 | -€3,327 | -4.5% |
| Income taxes | 67/77 | €34,658 | €31,793 | -€2,865 | -8.3% |
| Profit (loss) for the period | 9904 | €39,083 | €38,620 | -€463 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,083 | €38,620 | -€463 | -1.2% |
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.