JAWADDE!: 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.
JAWADDE!
Largest movements
- Cash +€277,410
up €277,410 (+41.8%), from €664,207 to €941,618
mainly Net result for the year (+€195,831) and Receivables within one year (+€160,492)
- Receivables within one year -€160,492
down €160,492 (-44.7%), from €358,798 to €198,306
of which Trade receivables: -€140,690
- Other debts +€128,948
new in 2025: €128,948
- Trade debts -€34,834
down €34,834 (-64.0%), from €54,461 to €19,628
- Reserves +€17,004
up €17,004 (+1.8%), from €937,242 to €954,245
- Gross operating margin +€6,997
up €6,997 (+2.1%), from €329,566 to €336,563
- Staff costs +€3,565
up €3,565 (+12.5%), from €28,509 to €32,074
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 | €1,054,787 | €1,164,897 | +€110,110 | +10.4% |
| Fixed assets | 21/28 | €31,282 | €22,819 | -€8,463 | -27.1% |
| Tangible fixed assets | 22/27 | €31,282 | €22,819 | -€8,463 | -27.1% |
| Plant, machinery and equipment | 23 | €26,520 | €21,024 | -€5,496 | -20.7% |
| Furniture and vehicles | 24 | €2,094 | €727 | -€1,367 | -65.3% |
| Other tangible fixed assets | 26 | €2,668 | €1,067 | -€1,600 | -60.0% |
| Current assets | 29/58 | €1,023,505 | €1,142,078 | +€118,573 | +11.6% |
| Amounts receivable within one year | 40/41 | €358,798 | €198,306 | -€160,492 | -44.7% |
| Trade receivables | 40 | €314,939 | €174,250 | -€140,690 | -44.7% |
| Other amounts receivable | 41 | €43,859 | €24,056 | -€19,802 | -45.2% |
| Cash at bank and in hand | 54/58 | €664,207 | €941,618 | +€277,410 | +41.8% |
| Deferred charges and accrued income | 490/1 | €500 | €2,155 | +€1,655 | +330.9% |
| Total equity and liabilities | 10/49 | €1,054,787 | €1,164,897 | +€110,110 | +10.4% |
| Equity | 10/15 | €949,642 | €966,645 | +€17,004 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €937,242 | €954,245 | +€17,004 | +1.8% |
| Distributable reserves | 133 | €937,242 | €954,245 | +€17,004 | +1.8% |
| Amounts payable | 17/49 | €105,146 | €198,252 | +€93,106 | +88.5% |
| Amounts payable within one year | 42/48 | €105,146 | €198,252 | +€93,106 | +88.5% |
| Trade debts | 44 | €54,461 | €19,628 | -€34,834 | -64.0% |
| Suppliers | 440/4 | €54,461 | €19,628 | -€34,834 | -64.0% |
| Taxes, remuneration and social security | 45 | €50,684 | €49,676 | -€1,009 | -2.0% |
| Taxes | 450/3 | €46,514 | €44,935 | -€1,578 | -3.4% |
| Remuneration and social security | 454/9 | €4,171 | €4,740 | +€570 | +13.7% |
| Other amounts payable | 47/48 | - | €128,948 | +€128,948 | |
| Remuneration, social security and pensions | 62 | €28,509 | €32,074 | +€3,565 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,170 | €9,702 | -€1,469 | -13.1% |
| Other operating charges | 640/8 | €2,944 | €1,874 | -€1,070 | -36.4% |
| Gross operating margin | 9900 | €329,566 | €336,563 | +€6,997 | +2.1% |
| Operating profit (loss) | 9901 | €286,942 | €292,913 | +€5,971 | +2.1% |
| Financial income | 75/76B | €6 | €34 | +€28 | +489.3% |
| Recurring financial income | 75 | €6 | €34 | +€28 | +489.3% |
| Financial charges | 65/66B | €6,419 | €4,932 | -€1,488 | -23.2% |
| Recurring financial charges | 65 | €6,419 | €4,932 | -€1,488 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €280,529 | €288,015 | +€7,487 | +2.7% |
| Income taxes | 67/77 | €90,137 | €92,184 | +€2,047 | +2.3% |
| Profit (loss) for the period | 9904 | €190,391 | €195,831 | +€5,440 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €190,391 | €195,831 | +€5,440 | +2.9% |
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 8 October 2026 via checked.be.