JAWEL: 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.
JAWEL
Largest movements
- Tangible fixed assets +€54,997
up €54,997 (+516.6%), from €10,646 to €65,644
of which Furniture and vehicles: +€53,966
- Receivables after one year -€35,882
down €35,882 (-18.5%), from €194,069 to €158,188
- Cash +€21,073
up €21,073 (+10.4%), from €202,764 to €223,838
mainly Other debts (+€189,660) and Net result for the year (+€136,252)
- Current investments +€15,903
up €15,903 (+13.1%), from €121,233 to €137,136
- Receivables within one year +€8,186
up €8,186 (+13.1%), from €62,546 to €70,732
of which Other amounts receivable: +€6,676
- Other debts +€189,660
up €189,660 (+220.2%), from €86,145 to €275,805
- Reserves -€130,508
down €130,508 (-27.2%), from €479,530 to €349,022
- Gross operating margin +€34,467
up €34,467 (+21.6%), from €159,472 to €193,939
- Depreciation +€7,299
up €7,299 (+225.6%), from €3,236 to €10,536
- Taxes +€7,231
up €7,231 (+15.0%), from €48,307 to €55,538
- Financial income +€3,149
up €3,149 (+31.3%), from €10,074 to €13,223
- Financial charges -€2,193
down €2,193 (-38.1%), from €5,761 to €3,568
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 | €594,066 | €656,828 | +€62,761 | +10.6% |
| Fixed assets | 21/28 | €10,646 | €65,644 | +€54,997 | +516.6% |
| Tangible fixed assets | 22/27 | €10,646 | €65,644 | +€54,997 | +516.6% |
| Plant, machinery and equipment | 23 | €1,467 | €2,885 | +€1,418 | +96.7% |
| Furniture and vehicles | 24 | €6,890 | €60,857 | +€53,966 | +783.2% |
| Other tangible fixed assets | 26 | €2,290 | €1,902 | -€387 | -16.9% |
| Current assets | 29/58 | €583,420 | €591,184 | +€7,764 | +1.3% |
| Amounts receivable after more than one year | 29 | €194,069 | €158,188 | -€35,882 | -18.5% |
| Other amounts receivable | 291 | €194,069 | €158,188 | -€35,882 | -18.5% |
| Amounts receivable within one year | 40/41 | €62,546 | €70,732 | +€8,186 | +13.1% |
| Trade receivables | 40 | €18,772 | €20,282 | +€1,510 | +8.0% |
| Other amounts receivable | 41 | €43,774 | €50,450 | +€6,676 | +15.3% |
| Current investments | 50/53 | €121,233 | €137,136 | +€15,903 | +13.1% |
| Cash at bank and in hand | 54/58 | €202,764 | €223,838 | +€21,073 | +10.4% |
| Deferred charges and accrued income | 490/1 | €2,807 | €1,291 | -€1,516 | -54.0% |
| Total equity and liabilities | 10/49 | €594,066 | €656,828 | +€62,761 | +10.6% |
| Equity | 10/15 | €498,130 | €367,622 | -€130,508 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €479,530 | €349,022 | -€130,508 | -27.2% |
| Distributable reserves | 133 | €479,530 | €349,022 | -€130,508 | -27.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,937 | €289,206 | +€193,270 | +201.5% |
| Amounts payable within one year | 42/48 | €95,937 | €289,206 | +€193,270 | +201.5% |
| Trade debts | 44 | €1,160 | €1,181 | +€21 | +1.9% |
| Suppliers | 440/4 | €1,160 | €1,181 | +€21 | +1.9% |
| Taxes, remuneration and social security | 45 | €8,632 | €12,220 | +€3,588 | +41.6% |
| Taxes | 450/3 | €8,632 | €12,220 | +€3,588 | +41.6% |
| Other amounts payable | 47/48 | €86,145 | €275,805 | +€189,660 | +220.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,489 | +€5,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,236 | €10,536 | +€7,299 | +225.6% |
| Other operating charges | 640/8 | €1,105 | €1,269 | +€164 | +14.9% |
| Gross operating margin | 9900 | €159,472 | €193,939 | +€34,467 | +21.6% |
| Operating profit (loss) | 9901 | €155,131 | €182,135 | +€27,004 | +17.4% |
| Financial income | 75/76B | €10,074 | €13,223 | +€3,149 | +31.3% |
| Recurring financial income | 75 | €10,074 | €13,223 | +€3,149 | +31.3% |
| Financial charges | 65/66B | €5,761 | €3,568 | -€2,193 | -38.1% |
| Recurring financial charges | 65 | €5,761 | €3,568 | -€2,193 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €159,444 | €191,790 | +€32,346 | +20.3% |
| Income taxes | 67/77 | €48,307 | €55,538 | +€7,231 | +15.0% |
| Profit (loss) for the period | 9904 | €111,137 | €136,252 | +€25,114 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,137 | €136,252 | +€25,114 | +22.6% |
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.