JAWIMA: 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.
JAWIMA
Largest movements
- Current investments +€496,757
new in 2025: €496,757
- Cash +€451,918
up €451,918 (+177%), from €254,855 to €706,773
mainly Net result for the year (+€1.1m) and Depreciation (+€200,095)
- Receivables after one year +€150,000
up €150,000 (+221%), from €68,000 to €218,000
- Tangible fixed assets -€143,937
down €143,937 (-15.5%), from €928,209 to €784,272
of which Plant, machinery and equipment: -€122,709
- Stocks and contracts -€80,413
down €80,413 (-34.5%), from €232,983 to €152,570
- Reserves +€1.1m
up €1.1m (+94.6%), from €1.1m to €2.2m
of which Distributable reserves: +€528,236
- Debts after one year -€79,712
down €79,712 (-26.8%), from €297,841 to €218,129
- Tax, wage and social debts +€51,199
up €51,199 (+393%), from €13,027 to €64,226
of which Taxes: +€55,744
- Current portion of long-term debt -€49,180
down €49,180 (-38.2%), from €128,893 to €79,713
- Trade debts -€39,516
down €39,516 (-55.8%), from €70,822 to €31,306
- Gross operating margin +€1.3m
up €1.3m (+302%), from €438,360 to €1.8m
- Taxes +€369,910
up €369,910 (+576%), from €64,226 to €434,136
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 | €1,649,118 | €2,584,568 | +€935,450 | +56.7% |
| Fixed assets | 21/28 | €928,209 | €784,272 | -€143,937 | -15.5% |
| Tangible fixed assets | 22/27 | €928,209 | €784,272 | -€143,937 | -15.5% |
| Land and buildings | 22 | €388,311 | €333,019 | -€55,292 | -14.2% |
| Plant, machinery and equipment | 23 | €496,065 | €373,356 | -€122,709 | -24.7% |
| Furniture and vehicles | 24 | €43,833 | €77,897 | +€34,064 | +77.7% |
| Current assets | 29/58 | €720,909 | €1,800,296 | +€1.1m | +150% |
| Amounts receivable after more than one year | 29 | €68,000 | €218,000 | +€150,000 | +221% |
| Other amounts receivable | 291 | €68,000 | €218,000 | +€150,000 | +221% |
| Stocks and contracts in progress | 3 | €232,983 | €152,570 | -€80,413 | -34.5% |
| Stocks | 30/36 | €232,983 | €152,570 | -€80,413 | -34.5% |
| Amounts receivable within one year | 40/41 | €164,396 | €225,500 | +€61,104 | +37.2% |
| Trade receivables | 40 | €101,894 | €223,845 | +€121,951 | +120% |
| Other amounts receivable | 41 | €62,502 | €1,655 | -€60,847 | -97.4% |
| Current investments | 50/53 | - | €496,757 | +€496,757 | |
| Cash at bank and in hand | 54/58 | €254,855 | €706,773 | +€451,918 | +177% |
| Deferred charges and accrued income | 490/1 | €676 | €696 | +€20 | +2.9% |
| Total equity and liabilities | 10/49 | €1,649,118 | €2,584,568 | +€935,450 | +56.7% |
| Equity | 10/15 | €1,133,582 | €2,188,068 | +€1.1m | +93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,114,982 | €2,169,468 | +€1.1m | +94.6% |
| Tax-exempt reserves | 132 | - | €526,250 | +€526,250 | |
| Distributable reserves | 133 | €1,114,982 | €1,643,218 | +€528,236 | +47.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €515,537 | €396,500 | -€119,037 | -23.1% |
| Amounts payable after more than one year | 17 | €297,841 | €218,129 | -€79,712 | -26.8% |
| Financial debts | 170/4 | €297,841 | €218,129 | -€79,712 | -26.8% |
| Amounts payable within one year | 42/48 | €216,696 | €177,867 | -€38,829 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €128,893 | €79,713 | -€49,180 | -38.2% |
| Trade debts | 44 | €70,822 | €31,306 | -€39,516 | -55.8% |
| Suppliers | 440/4 | €70,822 | €31,306 | -€39,516 | -55.8% |
| Taxes, remuneration and social security | 45 | €13,027 | €64,226 | +€51,199 | +393% |
| Taxes | 450/3 | €8,482 | €64,226 | +€55,744 | +657% |
| Remuneration and social security | 454/9 | €4,545 | €0 | -€4,545 | -100% |
| Other amounts payable | 47/48 | €3,954 | €2,622 | -€1,332 | -33.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €504 | -€496 | -49.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,558 | €200,095 | -€2,463 | -1.2% |
| Other operating charges | 640/8 | €14,398 | €14,335 | -€63 | -0.4% |
| Gross operating margin | 9900 | €438,360 | €1,763,583 | +€1.3m | +302% |
| Operating profit (loss) | 9901 | €221,404 | €1,549,153 | +€1.3m | +600% |
| Financial income | 75/76B | €3,879 | €6,184 | +€2,305 | +59.4% |
| Recurring financial income | 75 | €3,879 | €6,184 | +€2,305 | +59.4% |
| Financial charges | 65/66B | €10,802 | €11,283 | +€481 | +4.5% |
| Recurring financial charges | 65 | €10,802 | €11,283 | +€481 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €214,481 | €1,544,054 | +€1.3m | +620% |
| Income taxes | 67/77 | €64,226 | €434,136 | +€369,910 | +576% |
| Profit (loss) for the period | 9904 | €150,255 | €1,109,918 | +€959,663 | +639% |
| Transfer to tax-exempt reserves | 689 | - | €526,250 | +€526,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,255 | €583,668 | +€433,413 | +288% |
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 30 October 2026 via checked.be.