JAWI: 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.
JAWI
Largest movements
- Cash -€177,723
down €177,723 (-32.4%), from €547,927 to €370,204
mainly Current investments (-€102,039) and Contributions, distributions and other (-€81,356)
- Current investments +€102,039
new in 2025: €102,039
- Tangible fixed assets -€8,221
down €8,221 (-17.6%), from €46,646 to €38,425
- Trade debts -€54,406
down €54,406 (-26.2%), from €207,353 to €152,947
- Reserves -€25,353
down €25,353 (-8.3%), from €306,344 to €280,991
of which Distributable reserves: -€25,353
- Tax, wage and social debts -€20,533
down €20,533 (-18.1%), from €113,157 to €92,624
of which Taxes: -€15,997
- Other debts +€8,516
up €8,516 (+13,650%), from €62 to €8,578
- Turnover +€1.9m
new in 2025: €1.9m
- Purchases and services +€1.2m
new in 2025: €1.2m
- Gross operating margin -€76,563
down €76,563 (-8.7%), from €880,256 to €803,692
- Staff costs -€36,401
down €36,401 (-4.9%), from €749,572 to €713,172
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 | €639,316 | €547,540 | -€91,776 | -14.4% |
| Fixed assets | 21/28 | €46,646 | €38,425 | -€8,221 | -17.6% |
| Tangible fixed assets | 22/27 | €46,646 | €38,425 | -€8,221 | -17.6% |
| Plant, machinery and equipment | 23 | €5,819 | €3,789 | -€2,030 | -34.9% |
| Furniture and vehicles | 24 | €5,099 | €2,852 | -€2,247 | -44.1% |
| Other tangible fixed assets | 26 | €35,728 | €31,784 | -€3,944 | -11.0% |
| Current assets | 29/58 | €592,670 | €509,115 | -€83,555 | -14.1% |
| Stocks and contracts in progress | 3 | €18,404 | €18,572 | +€168 | +0.9% |
| Stocks | 30/36 | €18,404 | €18,572 | +€168 | +0.9% |
| Amounts receivable within one year | 40/41 | €17,129 | €13,475 | -€3,654 | -21.3% |
| Trade receivables | 40 | €1,200 | €8,236 | +€7,036 | +586% |
| Other amounts receivable | 41 | €15,929 | €5,239 | -€10,690 | -67.1% |
| Current investments | 50/53 | - | €102,039 | +€102,039 | |
| Cash at bank and in hand | 54/58 | €547,927 | €370,204 | -€177,723 | -32.4% |
| Deferred charges and accrued income | 490/1 | €9,210 | €4,825 | -€4,385 | -47.6% |
| Total equity and liabilities | 10/49 | €639,316 | €547,540 | -€91,776 | -14.4% |
| Equity | 10/15 | €318,744 | €293,391 | -€25,353 | -8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €306,344 | €280,991 | -€25,353 | -8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €306,344 | €280,991 | -€25,353 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €320,572 | €254,149 | -€66,423 | -20.7% |
| Amounts payable within one year | 42/48 | €320,572 | €254,149 | -€66,423 | -20.7% |
| Trade debts | 44 | €207,353 | €152,947 | -€54,406 | -26.2% |
| Suppliers | 440/4 | €207,353 | €152,947 | -€54,406 | -26.2% |
| Taxes, remuneration and social security | 45 | €113,157 | €92,624 | -€20,533 | -18.1% |
| Taxes | 450/3 | €35,298 | €19,300 | -€15,997 | -45.3% |
| Remuneration and social security | 454/9 | €77,859 | €73,323 | -€4,536 | -5.8% |
| Other amounts payable | 47/48 | €62 | €8,578 | +€8,516 | +13,650% |
| Turnover | 70 | - | €1,941,232 | +€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,161,754 | +€1.2m | |
| Remuneration, social security and pensions | 62 | €749,572 | €713,172 | -€36,401 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €9,883 | -€3,246 | -24.7% |
| Other operating charges | 640/8 | €3,789 | €4,427 | +€638 | +16.8% |
| Gross operating margin | 9900 | €880,256 | €803,692 | -€76,563 | -8.7% |
| Operating profit (loss) | 9901 | €113,766 | €76,212 | -€37,555 | -33.0% |
| Financial income | 75/76B | €1,141 | €6,094 | +€4,953 | +434% |
| Recurring financial income | 75 | €1,141 | €6,094 | +€4,953 | +434% |
| Financial charges | 65/66B | €740 | €4,782 | +€4,042 | +546% |
| Recurring financial charges | 65 | €740 | €4,782 | +€4,042 | +546% |
| Profit (loss) for the period before taxes | 9903 | €114,167 | €77,523 | -€36,644 | -32.1% |
| Income taxes | 67/77 | €34,099 | €21,520 | -€12,579 | -36.9% |
| Profit (loss) for the period | 9904 | €80,068 | €56,003 | -€24,065 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,068 | €56,003 | -€24,065 | -30.1% |
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 14 October 2026 via checked.be.