JAWELCO: 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.
JAWELCO
Largest movements
- Financial fixed assets +€533,857
up €533,857 (+81.3%), from €656,250 to €1.2m
- Cash -€88,876
down €88,876 (-41.1%), from €216,425 to €127,549
mainly Investment in fixed assets (net) (-€533,857) and Debts after one year (-€80,876)
- Receivables within one year -€76,970
down €76,970 (-77.0%), from €100,000 to €23,030
of which Other amounts receivable: -€99,355
- Tangible fixed assets -€65,225
down €65,225 (-3.4%), from €1.9m to €1.8m
of which Land and buildings: -€46,276
- Reserves +€217,346
up €217,346 (+16.7%), from €1.3m to €1.5m
- Other debts +€125,131
up €125,131 (+144%), from €86,775 to €211,906
- Debts after one year -€80,876
down €80,876 (-6.0%), from €1.3m to €1.3m
- Provisions +€41,771
new in 2025: €41,771
- Financial income -€69,418
down €69,418 (-28.4%), from €244,144 to €174,727
of which Financial income: -€69,418
- Provisions +€41,771
new in 2025: €41,771
- Gross operating margin +€27,131
up €27,131 (+14.1%), from €193,064 to €220,195
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 | €2,872,253 | €3,177,234 | +€304,981 | +10.6% |
| Fixed assets | 21/28 | €2,552,336 | €3,020,969 | +€468,633 | +18.4% |
| Tangible fixed assets | 22/27 | €1,896,086 | €1,830,861 | -€65,225 | -3.4% |
| Land and buildings | 22 | €1,855,143 | €1,808,867 | -€46,276 | -2.5% |
| Plant, machinery and equipment | 23 | €4,821 | €3,928 | -€893 | -18.5% |
| Furniture and vehicles | 24 | €36,122 | €18,067 | -€18,055 | -50.0% |
| Financial fixed assets | 28 | €656,250 | €1,190,107 | +€533,857 | +81.3% |
| Current assets | 29/58 | €319,917 | €156,265 | -€163,652 | -51.2% |
| Amounts receivable within one year | 40/41 | €100,000 | €23,030 | -€76,970 | -77.0% |
| Trade receivables | 40 | - | €22,385 | +€22,385 | |
| Other amounts receivable | 41 | €100,000 | €645 | -€99,355 | -99.4% |
| Cash at bank and in hand | 54/58 | €216,425 | €127,549 | -€88,876 | -41.1% |
| Deferred charges and accrued income | 490/1 | €3,492 | €5,686 | +€2,194 | +62.8% |
| Total equity and liabilities | 10/49 | €2,872,253 | €3,177,234 | +€304,981 | +10.6% |
| Equity | 10/15 | €1,321,277 | €1,538,623 | +€217,346 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,302,677 | €1,520,023 | +€217,346 | +16.7% |
| Distributable reserves | 133 | €1,302,677 | €1,520,023 | +€217,346 | +16.7% |
| Provisions and deferred taxes | 16 | - | €41,771 | +€41,771 | |
| Provisions for liabilities and charges | 160/5 | - | €41,771 | +€41,771 | |
| Other liabilities and charges | 164/5 | - | €41,771 | +€41,771 | |
| Amounts payable | 17/49 | €1,550,976 | €1,596,840 | +€45,864 | +3.0% |
| Amounts payable after more than one year | 17 | €1,349,314 | €1,268,437 | -€80,876 | -6.0% |
| Financial debts | 170/4 | €1,349,314 | €1,268,437 | -€80,876 | -6.0% |
| Amounts payable within one year | 42/48 | €201,662 | €328,403 | +€126,741 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €79,978 | €80,876 | +€899 | +1.1% |
| Trade debts | 44 | €1,516 | €306 | -€1,209 | -79.8% |
| Suppliers | 440/4 | €1,516 | €306 | -€1,209 | -79.8% |
| Taxes, remuneration and social security | 45 | €33,394 | €35,314 | +€1,920 | +5.7% |
| Taxes | 450/3 | €33,394 | €35,314 | +€1,920 | +5.7% |
| Other amounts payable | 47/48 | €86,775 | €211,906 | +€125,131 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,962 | €65,225 | +€263 | +0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €41,771 | +€41,771 | |
| Other operating charges | 640/8 | €1,734 | €778 | -€956 | -55.1% |
| Gross operating margin | 9900 | €193,064 | €220,195 | +€27,131 | +14.1% |
| Operating profit (loss) | 9901 | €126,368 | €112,422 | -€13,946 | -11.0% |
| Financial income | 75/76B | €244,144 | €174,727 | -€69,418 | -28.4% |
| Recurring financial income | 75 | €241,019 | €171,602 | -€69,418 | -28.8% |
| Non-recurring financial income | 76B | €3,125 | €3,125 | = | 0.0% |
| Financial charges | 65/66B | €16,785 | €15,967 | -€817 | -4.9% |
| Recurring financial charges | 65 | €16,785 | €15,967 | -€817 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €353,727 | €271,181 | -€82,547 | -23.3% |
| Income taxes | 67/77 | €53,310 | €53,835 | +€525 | +1.0% |
| Profit (loss) for the period | 9904 | €300,417 | €217,346 | -€83,072 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €300,417 | €217,346 | -€83,072 | -27.7% |
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 28 October 2026 via checked.be.