JAWICO: 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.
JAWICO
Largest movements
- Tangible fixed assets +€174,776
up €174,776 (+36.0%), from €485,758 to €660,535
- Cash -€167,798
down €167,798 (-67.8%), from €247,429 to €79,631
mainly Investment in fixed assets (net) (-€199,242) and Receivables within one year (-€13,988)
- Receivables within one year +€13,988
up €13,988 (+24.4%), from €57,360 to €71,347
of which Trade receivables: +€8,148
- Other debts +€15,400
up €15,400 (+3.4%), from €452,498 to €467,898
- Reserves +€9,956
up €9,956 (+8.7%), from €115,083 to €125,039
of which Distributable reserves: +€9,956
- Tax, wage and social debts -€8,425
down €8,425 (-67.3%), from €12,510 to €4,085
of which Taxes: -€6,425
- Other operating charges +€13,780
up €13,780 (+116.0%), from €11,875 to €25,655
- Depreciation +€4,538
up €4,538 (+22.8%), from €19,928 to €24,466
- Taxes -€4,306
down €4,306 (-53.6%), from €8,040 to €3,733
- Gross operating margin +€1,417
up €1,417 (+2.0%), from €70,746 to €72,163
- Financial charges -€770
down €770 (-6.4%), from €12,093 to €11,323
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,549 | €824,960 | +€22,412 | +2.8% |
| Fixed assets | 21/28 | €485,758 | €660,535 | +€174,776 | +36.0% |
| Tangible fixed assets | 22/27 | €485,758 | €660,535 | +€174,776 | +36.0% |
| Land and buildings | 22 | €485,758 | €660,535 | +€174,776 | +36.0% |
| Current assets | 29/58 | €316,790 | €164,426 | -€152,365 | -48.1% |
| Stocks and contracts in progress | 3 | €8,000 | €8,000 | = | 0.0% |
| Stocks | 30/36 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,360 | €71,347 | +€13,988 | +24.4% |
| Trade receivables | 40 | €35,199 | €43,347 | +€8,148 | +23.1% |
| Other amounts receivable | 41 | €22,161 | €28,000 | +€5,839 | +26.3% |
| Cash at bank and in hand | 54/58 | €247,429 | €79,631 | -€167,798 | -67.8% |
| Deferred charges and accrued income | 490/1 | €4,002 | €5,447 | +€1,445 | +36.1% |
| Total equity and liabilities | 10/49 | €802,549 | €824,960 | +€22,412 | +2.8% |
| Equity | 10/15 | €247,083 | €257,039 | +€9,956 | +4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €115,083 | €125,039 | +€9,956 | +8.7% |
| Non-distributable reserves | 130/1 | €921 | €921 | = | 0.0% |
| Reserves not available under the articles | 1311 | €921 | €921 | = | 0.0% |
| Distributable reserves | 133 | €114,162 | €124,118 | +€9,956 | +8.7% |
| Amounts payable | 17/49 | €555,466 | €567,921 | +€12,456 | +2.2% |
| Amounts payable after more than one year | 17 | €72,160 | €69,237 | -€2,923 | -4.1% |
| Financial debts | 170/4 | €72,160 | €69,237 | -€2,923 | -4.1% |
| Amounts payable within one year | 42/48 | €471,655 | €488,846 | +€17,191 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,800 | €2,923 | +€123 | +4.4% |
| Financial debts | 43 | - | €2,521 | +€2,521 | |
| Credit institutions | 430/8 | - | €2,521 | +€2,521 | |
| Trade debts | 44 | €3,848 | €11,420 | +€7,572 | +196.8% |
| Suppliers | 440/4 | €3,848 | €11,420 | +€7,572 | +196.8% |
| Taxes, remuneration and social security | 45 | €12,510 | €4,085 | -€8,425 | -67.3% |
| Taxes | 450/3 | €8,510 | €2,085 | -€6,425 | -75.5% |
| Remuneration and social security | 454/9 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Other amounts payable | 47/48 | €452,498 | €467,898 | +€15,400 | +3.4% |
| Accrued charges and deferred income | 492/3 | €11,650 | €9,838 | -€1,813 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,928 | €24,466 | +€4,538 | +22.8% |
| Other operating charges | 640/8 | €11,875 | €25,655 | +€13,780 | +116.0% |
| Gross operating margin | 9900 | €70,746 | €72,163 | +€1,417 | +2.0% |
| Operating profit (loss) | 9901 | €38,944 | €22,042 | -€16,902 | -43.4% |
| Financial income | 75/76B | €2,628 | €2,970 | +€342 | +13.0% |
| Recurring financial income | 75 | €2,628 | €2,970 | +€342 | +13.0% |
| Financial charges | 65/66B | €12,093 | €11,323 | -€770 | -6.4% |
| Recurring financial charges | 65 | €12,093 | €11,323 | -€770 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €29,479 | €13,689 | -€15,789 | -53.6% |
| Income taxes | 67/77 | €8,040 | €3,733 | -€4,306 | -53.6% |
| Profit (loss) for the period | 9904 | €21,439 | €9,956 | -€11,483 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,439 | €9,956 | -€11,483 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.