JAWO: 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.
JAWO
Largest movements
- Stocks and contracts -€56,750
down €56,750 (-28.5%), from €199,250 to €142,500
- Tangible fixed assets -€20,079
down €20,079 (-17.1%), from €117,738 to €97,659
of which Furniture and vehicles: -€29,262
- Receivables within one year -€11,725
down €11,725 (-47.6%), from €24,618 to €12,894
- Reserves -€104,260
down €104,260 (-25.9%), from €402,583 to €298,323
of which Distributable reserves: -€104,260
- Other debts +€31,775
up €31,775 (+38.6%), from €82,305 to €114,080
- Debts after one year -€15,237
down €15,237 (-29.4%), from €51,793 to €36,556
- Gross operating margin -€97,825
down €97,825 (-69.2%), from €141,430 to €43,605
- Taxes -€33,300
down €33,300 (-98.4%), from €33,852 to €552
- Depreciation +€5,670
up €5,670 (+17.7%), from €32,079 to €37,749
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 | €591,374 | €503,063 | -€88,311 | -14.9% |
| Fixed assets | 21/28 | €117,738 | €97,659 | -€20,079 | -17.1% |
| Tangible fixed assets | 22/27 | €117,738 | €97,659 | -€20,079 | -17.1% |
| Plant, machinery and equipment | 23 | €20,846 | €30,029 | +€9,184 | +44.1% |
| Furniture and vehicles | 24 | €96,892 | €67,630 | -€29,262 | -30.2% |
| Current assets | 29/58 | €473,636 | €405,403 | -€68,232 | -14.4% |
| Stocks and contracts in progress | 3 | €199,250 | €142,500 | -€56,750 | -28.5% |
| Stocks | 30/36 | €199,250 | €142,500 | -€56,750 | -28.5% |
| Amounts receivable within one year | 40/41 | €24,618 | €12,894 | -€11,725 | -47.6% |
| Other amounts receivable | 41 | €24,618 | €12,894 | -€11,725 | -47.6% |
| Cash at bank and in hand | 54/58 | €247,013 | €247,024 | +€11 | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,755 | €2,986 | +€231 | +8.4% |
| Total equity and liabilities | 10/49 | €591,374 | €503,063 | -€88,311 | -14.9% |
| Equity | 10/15 | €421,183 | €316,923 | -€104,260 | -24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402,583 | €298,323 | -€104,260 | -25.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €400,723 | €296,463 | -€104,260 | -26.0% |
| Amounts payable | 17/49 | €170,191 | €186,140 | +€15,949 | +9.4% |
| Amounts payable after more than one year | 17 | €51,793 | €36,556 | -€15,237 | -29.4% |
| Financial debts | 170/4 | €51,793 | €36,556 | -€15,237 | -29.4% |
| Amounts payable within one year | 42/48 | €115,797 | €146,979 | +€31,182 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €14,815 | €15,237 | +€423 | +2.9% |
| Trade debts | 44 | €10,878 | €8,547 | -€2,331 | -21.4% |
| Suppliers | 440/4 | €10,878 | €8,547 | -€2,331 | -21.4% |
| Taxes, remuneration and social security | 45 | €7,799 | €9,115 | +€1,316 | +16.9% |
| Taxes | 450/3 | €7,799 | €9,115 | +€1,316 | +16.9% |
| Other amounts payable | 47/48 | €82,305 | €114,080 | +€31,775 | +38.6% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,604 | +€5 | +0.2% |
| Non-recurring operating income | 76A | €71,166 | - | -€71,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,079 | €37,749 | +€5,670 | +17.7% |
| Other operating charges | 640/8 | €1,796 | €1,746 | -€50 | -2.8% |
| Gross operating margin | 9900 | €141,430 | €43,605 | -€97,825 | -69.2% |
| Operating profit (loss) | 9901 | €107,555 | €4,110 | -€103,445 | -96.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,374 | €2,555 | +€182 | +7.7% |
| Recurring financial charges | 65 | €2,374 | €2,555 | +€182 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €105,182 | €1,555 | -€103,628 | -98.5% |
| Income taxes | 67/77 | €33,852 | €552 | -€33,300 | -98.4% |
| Profit (loss) for the period | 9904 | €71,330 | €1,003 | -€70,328 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,330 | €1,003 | -€70,328 | -98.6% |
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 19 October 2026 via checked.be.