Jawali: 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.
Jawali
Largest movements
- Tangible fixed assets -€23,474
down €23,474 (-5.9%), from €395,611 to €372,137
of which Land and buildings: -€15,125
- Cash -€15,540
down €15,540 (-20.4%), from €76,170 to €60,630
mainly Other debts (-€19,629) and Investment in fixed assets (net) (-€13,427)
- Other debts -€19,629
down €19,629 (-12.3%), from €159,090 to €139,460
- Debts after one year -€12,500
down €12,500 (-8.9%), from €141,079 to €128,579
- Tax, wage and social debts -€8,486
down €8,486 (-40.1%), from €21,172 to €12,686
of which Taxes: -€8,323
- Gross operating margin -€79,646
down €79,646 (-57.1%), from €139,419 to €59,773
- Staff costs -€72,618
down €72,618, from €72,336 to -€281
- Financial charges -€4,669
down €4,669 (-26.0%), from €17,959 to €13,290
- Depreciation -€3,103
down €3,103 (-7.8%), from €40,003 to €36,900
- Other operating charges +€1,668
up €1,668 (+52.8%), from €3,156 to €4,823
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.
Derived cash bridge
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 | €488,031 | €451,187 | -€36,844 | -7.5% |
| Fixed assets | 21/28 | €395,611 | €372,137 | -€23,474 | -5.9% |
| Tangible fixed assets | 22/27 | €395,611 | €372,137 | -€23,474 | -5.9% |
| Land and buildings | 22 | €341,466 | €326,341 | -€15,125 | -4.4% |
| Plant, machinery and equipment | 23 | €37,694 | €32,627 | -€5,067 | -13.4% |
| Furniture and vehicles | 24 | €16,450 | €13,169 | -€3,281 | -19.9% |
| Current assets | 29/58 | €92,421 | €79,050 | -€13,371 | -14.5% |
| Stocks and contracts in progress | 3 | €9,252 | €9,877 | +€626 | +6.8% |
| Stocks | 30/36 | €9,252 | €9,877 | +€626 | +6.8% |
| Amounts receivable within one year | 40/41 | €3,029 | €5,161 | +€2,132 | +70.4% |
| Trade receivables | 40 | €209 | €459 | +€250 | +120% |
| Other amounts receivable | 41 | €2,820 | €4,702 | +€1,882 | +66.7% |
| Cash at bank and in hand | 54/58 | €76,170 | €60,630 | -€15,540 | -20.4% |
| Deferred charges and accrued income | 490/1 | €3,969 | €3,382 | -€588 | -14.8% |
| Total equity and liabilities | 10/49 | €488,031 | €451,187 | -€36,844 | -7.5% |
| Equity | 10/15 | €130,765 | €134,343 | +€3,578 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,165 | €115,743 | +€3,578 | +3.2% |
| Distributable reserves | 133 | €112,165 | €115,743 | +€3,578 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €357,267 | €316,844 | -€40,422 | -11.3% |
| Amounts payable after more than one year | 17 | €141,079 | €128,579 | -€12,500 | -8.9% |
| Financial debts | 170/4 | €141,079 | €128,579 | -€12,500 | -8.9% |
| Amounts payable within one year | 42/48 | €216,187 | €186,136 | -€30,052 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €25,944 | €24,199 | -€1,745 | -6.7% |
| Trade debts | 44 | €9,982 | €9,791 | -€191 | -1.9% |
| Suppliers | 440/4 | €9,982 | €9,791 | -€191 | -1.9% |
| Taxes, remuneration and social security | 45 | €21,172 | €12,686 | -€8,486 | -40.1% |
| Taxes | 450/3 | €21,009 | €12,686 | -€8,323 | -39.6% |
| Remuneration and social security | 454/9 | €163 | €0 | -€163 | -100% |
| Other amounts payable | 47/48 | €159,090 | €139,460 | -€19,629 | -12.3% |
| Accrued charges and deferred income | 492/3 | €0 | €2,130 | +€2,130 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €72,336 | -€281 | -€72,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,003 | €36,900 | -€3,103 | -7.8% |
| Other operating charges | 640/8 | €3,156 | €4,823 | +€1,668 | +52.8% |
| Gross operating margin | 9900 | €139,419 | €59,773 | -€79,646 | -57.1% |
| Operating profit (loss) | 9901 | €23,924 | €18,331 | -€5,593 | -23.4% |
| Financial income | 75/76B | €97 | €524 | +€427 | +439% |
| Recurring financial income | 75 | €97 | €524 | +€427 | +439% |
| Financial charges | 65/66B | €17,959 | €13,290 | -€4,669 | -26.0% |
| Recurring financial charges | 65 | €17,959 | €13,290 | -€4,669 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €6,062 | €5,565 | -€497 | -8.2% |
| Income taxes | 67/77 | €2,773 | €1,987 | -€786 | -28.4% |
| Profit (loss) for the period | 9904 | €3,289 | €3,578 | +€289 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,289 | €3,578 | +€289 | +8.8% |
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 20 October 2026 via checked.be.