JAWARO: 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.
JAWARO
Largest movements
- Cash +€95,407
up €95,407 (+123.8%), from €77,088 to €172,495
mainly Other debts (+€135,452) and Net result for the year (+€76,183)
- Tangible fixed assets -€37,151
down €37,151 (-77.9%), from €47,674 to €10,523
of which Furniture and vehicles: -€41,534
- Current investments +€29,938
up €29,938 (+199.3%), from €15,022 to €44,960
- Receivables within one year -€19,881
down €19,881 (-59.9%), from €33,181 to €13,300
of which Trade receivables: -€18,203
- Deferred charges and accrued income +€2,903
up €2,903 (+574.0%), from €506 to €3,408
- Other debts +€135,452
up €135,452 (+1599.9%), from €8,466 to €143,918
- Reserves -€63,704
down €63,704 (-45.5%), from €140,000 to €76,296
of which Distributable reserves: -€63,704
- Depreciation -€6,338
down €6,338 (-56.7%), from €11,184 to €4,846
- Gross operating margin +€3,530
up €3,530 (+3.6%), from €98,144 to €101,674
- Taxes +€1,767
up €1,767 (+9.9%), from €17,878 to €19,645
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 | €175,120 | €246,336 | +€71,216 | +40.7% |
| Fixed assets | 21/28 | €49,324 | €12,173 | -€37,151 | -75.3% |
| Tangible fixed assets | 22/27 | €47,674 | €10,523 | -€37,151 | -77.9% |
| Plant, machinery and equipment | 23 | - | €4,383 | +€4,383 | |
| Furniture and vehicles | 24 | €47,674 | €6,140 | -€41,534 | -87.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €125,796 | €234,163 | +€108,367 | +86.1% |
| Amounts receivable within one year | 40/41 | €33,181 | €13,300 | -€19,881 | -59.9% |
| Trade receivables | 40 | €31,049 | €12,847 | -€18,203 | -58.6% |
| Other amounts receivable | 41 | €2,132 | €453 | -€1,679 | -78.8% |
| Current investments | 50/53 | €15,022 | €44,960 | +€29,938 | +199.3% |
| Cash at bank and in hand | 54/58 | €77,088 | €172,495 | +€95,407 | +123.8% |
| Deferred charges and accrued income | 490/1 | €506 | €3,408 | +€2,903 | +574.0% |
| Total equity and liabilities | 10/49 | €175,120 | €246,336 | +€71,216 | +40.7% |
| Equity | 10/15 | €158,713 | €94,896 | -€63,817 | -40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,000 | €76,296 | -€63,704 | -45.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €140,000 | €76,296 | -€63,704 | -45.5% |
| Profit (loss) carried forward | 14 | €113 | €0 | -€113 | -100.0% |
| Amounts payable | 17/49 | €16,407 | €151,440 | +€135,033 | +823.0% |
| Amounts payable within one year | 42/48 | €16,407 | €151,440 | +€135,033 | +823.0% |
| Trade debts | 44 | €3,373 | €3,529 | +€156 | +4.6% |
| Suppliers | 440/4 | €3,373 | €3,529 | +€156 | +4.6% |
| Taxes, remuneration and social security | 45 | €4,568 | €3,993 | -€575 | -12.6% |
| Taxes | 450/3 | €2,135 | €1,466 | -€669 | -31.3% |
| Remuneration and social security | 454/9 | €2,433 | €2,527 | +€94 | +3.9% |
| Other amounts payable | 47/48 | €8,466 | €143,918 | +€135,452 | +1599.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,184 | €4,846 | -€6,338 | -56.7% |
| Other operating charges | 640/8 | €536 | €672 | +€136 | +25.3% |
| Non-recurring operating charges | 66A | - | €309 | +€309 | |
| Gross operating margin | 9900 | €98,144 | €101,674 | +€3,530 | +3.6% |
| Operating profit (loss) | 9901 | €86,424 | €95,847 | +€9,423 | +10.9% |
| Financial income | 75/76B | €31 | €325 | +€294 | +950.6% |
| Recurring financial income | 75 | €31 | €325 | +€294 | +950.6% |
| Financial charges | 65/66B | €32 | €344 | +€312 | +990.9% |
| Recurring financial charges | 65 | €32 | €344 | +€312 | +990.9% |
| Profit (loss) for the period before taxes | 9903 | €86,423 | €95,828 | +€9,405 | +10.9% |
| Income taxes | 67/77 | €17,878 | €19,645 | +€1,767 | +9.9% |
| Profit (loss) for the period | 9904 | €68,546 | €76,183 | +€7,638 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,546 | €76,183 | +€7,638 | +11.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.