JC Laswerken: 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.
JC Laswerken
Largest movements
- Cash +€56,234
up €56,234 (+267%), from €21,055 to €77,289
mainly Net result for the year (+€71,993) and Receivables within one year (+€33,040)
- Receivables within one year -€33,040
down €33,040 (-23.0%), from €143,525 to €110,485
of which Trade receivables: -€31,351
- Current investments -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Reserves +€40,513
up €40,513 (+16.5%), from €245,874 to €286,386
of which Distributable reserves: +€42,373
- Tax, wage and social debts -€35,483
down €35,483 (-96.3%), from €36,844 to €1,362
of which Taxes: -€35,483
- Other debts +€14,268
up €14,268 (+82.9%), from €17,213 to €31,481
- Debts after one year -€12,361
down €12,361 (-23.3%), from €52,992 to €40,631
- Trade debts -€7,816
down €7,816 (-37.2%), from €21,016 to €13,200
- Gross operating margin +€57,089
up €57,089 (+73.8%), from €77,315 to €134,404
- Taxes +€44,699
up €44,699 (+905%), from €4,938 to €49,637
- Staff costs -€6,594
down €6,594, from €6,304 to -€290
- Write-downs +€2,648
up €2,648, from €0 to €2,648
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 | €402,973 | €401,615 | -€1,358 | -0.3% |
| Fixed assets | 21/28 | €108,548 | €109,975 | +€1,427 | +1.3% |
| Tangible fixed assets | 22/27 | €2,061 | €3,488 | +€1,427 | +69.2% |
| Plant, machinery and equipment | 23 | €894 | €2,692 | +€1,798 | +201% |
| Furniture and vehicles | 24 | €313 | €37 | -€276 | -88.2% |
| Other tangible fixed assets | 26 | €854 | €759 | -€95 | -11.1% |
| Financial fixed assets | 28 | €106,487 | €106,487 | = | 0.0% |
| Current assets | 29/58 | €294,425 | €291,640 | -€2,785 | -0.9% |
| Amounts receivable within one year | 40/41 | €143,525 | €110,485 | -€33,040 | -23.0% |
| Trade receivables | 40 | €103,926 | €72,575 | -€31,351 | -30.2% |
| Other amounts receivable | 41 | €39,600 | €37,911 | -€1,689 | -4.3% |
| Current investments | 50/53 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €21,055 | €77,289 | +€56,234 | +267% |
| Deferred charges and accrued income | 490/1 | €4,845 | €3,866 | -€979 | -20.2% |
| Total equity and liabilities | 10/49 | €402,973 | €401,615 | -€1,358 | -0.3% |
| Equity | 10/15 | €252,074 | €292,586 | +€40,513 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €245,874 | €286,386 | +€40,513 | +16.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €244,014 | €286,386 | +€42,373 | +17.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,900 | €109,029 | -€41,871 | -27.7% |
| Amounts payable after more than one year | 17 | €52,992 | €40,631 | -€12,361 | -23.3% |
| Financial debts | 170/4 | €52,992 | €40,631 | -€12,361 | -23.3% |
| Amounts payable within one year | 42/48 | €97,907 | €68,397 | -€29,510 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €13,904 | €13,453 | -€451 | -3.2% |
| Financial debts | 43 | €8,930 | €8,902 | -€28 | -0.3% |
| Credit institutions | 430/8 | €8,930 | €8,902 | -€28 | -0.3% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €21,016 | €13,200 | -€7,816 | -37.2% |
| Suppliers | 440/4 | €21,016 | €13,200 | -€7,816 | -37.2% |
| Taxes, remuneration and social security | 45 | €36,844 | €1,362 | -€35,483 | -96.3% |
| Taxes | 450/3 | €36,844 | €1,362 | -€35,483 | -96.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,213 | €31,481 | +€14,268 | +82.9% |
| Remuneration, social security and pensions | 62 | €6,304 | -€290 | -€6,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,756 | €1,529 | -€227 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €2,648 | +€2,648 | |
| Other operating charges | 640/8 | €1,436 | €2,752 | +€1,316 | +91.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €77,315 | €134,404 | +€57,089 | +73.8% |
| Operating profit (loss) | 9901 | €67,819 | €127,766 | +€59,947 | +88.4% |
| Financial income | 75/76B | €526 | €383 | -€143 | -27.3% |
| Recurring financial income | 75 | €526 | €383 | -€143 | -27.3% |
| Financial charges | 65/66B | €5,782 | €6,518 | +€736 | +12.7% |
| Recurring financial charges | 65 | €5,782 | €6,518 | +€736 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €62,563 | €121,631 | +€59,068 | +94.4% |
| Income taxes | 67/77 | €4,938 | €49,637 | +€44,699 | +905% |
| Profit (loss) for the period | 9904 | €57,625 | €71,993 | +€14,369 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,625 | €71,993 | +€14,369 | +24.9% |
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.