JAWHAR: 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.
JAWHAR
Largest movements
- Cash +€10,750
up €10,750 (+5.2%), from €208,286 to €219,036
mainly Net result for the year (+€18,725) and Depreciation (+€2,601)
- Stocks and contracts +€4,880
up €4,880 (+66.5%), from €7,342 to €12,222
- Tangible fixed assets -€2,601
down €2,601 (-36.0%), from €7,216 to €4,615
of which Furniture and vehicles: -€2,063
- Profit (loss) carried forward +€18,725
up €18,725 (+9.6%), from €194,556 to €213,280
- Trade debts -€7,030
no longer reported in 2025 (was €7,030)
- Gross operating margin -€29,589
down €29,589 (-41.6%), from €71,141 to €41,552
- Purchases and services +€29,460
up €29,460 (+27.5%), from €107,289 to €136,749
- Taxes +€10,739
up €10,739 (+213.5%), from €5,030 to €15,770
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 | €224,844 | €235,873 | +€11,029 | +4.9% |
| Fixed assets | 21/28 | €7,216 | €4,615 | -€2,601 | -36.0% |
| Tangible fixed assets | 22/27 | €7,216 | €4,615 | -€2,601 | -36.0% |
| Plant, machinery and equipment | 23 | €108 | - | -€108 | |
| Furniture and vehicles | 24 | €6,678 | €4,615 | -€2,063 | -30.9% |
| Other tangible fixed assets | 26 | €430 | - | -€430 | |
| Current assets | 29/58 | €217,628 | €231,258 | +€13,630 | +6.3% |
| Stocks and contracts in progress | 3 | €7,342 | €12,222 | +€4,880 | +66.5% |
| Stocks | 30/36 | €7,342 | €12,222 | +€4,880 | +66.5% |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €208,286 | €219,036 | +€10,750 | +5.2% |
| Total equity and liabilities | 10/49 | €224,844 | €235,873 | +€11,029 | +4.9% |
| Equity | 10/15 | €213,156 | €231,880 | +€18,725 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,556 | €213,280 | +€18,725 | +9.6% |
| Amounts payable | 17/49 | €11,689 | €3,993 | -€7,695 | -65.8% |
| Amounts payable within one year | 42/48 | €11,689 | €3,993 | -€7,695 | -65.8% |
| Trade debts | 44 | €7,030 | - | -€7,030 | |
| Suppliers | 440/4 | €7,030 | - | -€7,030 | |
| Taxes, remuneration and social security | 45 | €4,658 | €3,993 | -€665 | -14.3% |
| Taxes | 450/3 | €4,658 | €3,993 | -€665 | -14.3% |
| Turnover | 70 | €178,430 | €178,301 | -€129 | -0.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,289 | €136,749 | +€29,460 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,733 | €2,601 | -€132 | -4.8% |
| Other operating charges | 640/8 | €4,338 | €4,457 | +€119 | +2.8% |
| Gross operating margin | 9900 | €71,141 | €41,552 | -€29,589 | -41.6% |
| Operating profit (loss) | 9901 | €64,071 | €34,494 | -€29,577 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €64,071 | €34,494 | -€29,577 | -46.2% |
| Income taxes | 67/77 | €5,030 | €15,770 | +€10,739 | +213.5% |
| Profit (loss) for the period | 9904 | €59,040 | €18,725 | -€40,316 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,040 | €18,725 | -€40,316 | -68.3% |
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.