JDW CHAUFFAGE: 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.
JDW CHAUFFAGE
Largest movements
- Cash +€42,154
up €42,154 (+41.2%), from €102,391 to €144,545
mainly Depreciation (+€96,352) and Other debts (+€70,963)
- Intangible fixed assets -€42,000
down €42,000 (-39.8%), from €105,447 to €63,447
- Receivables within one year +€37,053
up €37,053 (+9.7%), from €383,065 to €420,118
of which Other amounts receivable: +€64,563
- Tangible fixed assets -€33,762
down €33,762 (-25.4%), from €133,126 to €99,364
of which Furniture and vehicles: -€27,358
- Stocks and contracts +€10,968
up €10,968 (+28.9%), from €38,000 to €48,968
of which Stocks: +€5,718
- Other debts +€70,963
up €70,963 (+151%), from €46,972 to €117,935
- Debts after one year -€41,509
down €41,509 (-17.4%), from €238,996 to €197,487
- Profit (loss) carried forward -€39,672
down €39,672 (-100%), from €39,672 to €0
- Trade debts +€32,361
up €32,361 (+34.5%), from €93,888 to €126,249
- Tax, wage and social debts -€19,571
down €19,571 (-32.0%), from €61,226 to €41,655
of which Taxes: -€34,926
- Staff costs +€108,037
up €108,037 (+118%), from €91,357 to €199,394
- Gross operating margin +€81,945
up €81,945 (+33.3%), from €245,833 to €327,778
- Other operating charges +€13,185
up €13,185 (+572%), from €2,307 to €15,491
- Depreciation +€7,645
up €7,645 (+8.6%), from €88,707 to €96,352
- Taxes -€6,845
down €6,845 (-70.4%), from €9,726 to €2,881
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 | €766,267 | €776,933 | +€10,667 | +1.4% |
| Fixed assets | 21/28 | €238,634 | €162,871 | -€75,762 | -31.7% |
| Intangible fixed assets | 21 | €105,447 | €63,447 | -€42,000 | -39.8% |
| Tangible fixed assets | 22/27 | €133,126 | €99,364 | -€33,762 | -25.4% |
| Plant, machinery and equipment | 23 | €10,284 | €6,078 | -€4,206 | -40.9% |
| Furniture and vehicles | 24 | €96,750 | €69,392 | -€27,358 | -28.3% |
| Other tangible fixed assets | 26 | €26,092 | €23,377 | -€2,715 | -10.4% |
| Assets under construction and advance payments | 27 | - | €517 | +€517 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €527,633 | €614,062 | +€86,429 | +16.4% |
| Stocks and contracts in progress | 3 | €38,000 | €48,968 | +€10,968 | +28.9% |
| Stocks | 30/36 | €38,000 | €43,718 | +€5,718 | +15.0% |
| Contracts in progress | 37 | - | €5,250 | +€5,250 | |
| Amounts receivable within one year | 40/41 | €383,065 | €420,118 | +€37,053 | +9.7% |
| Trade receivables | 40 | €222,084 | €194,574 | -€27,510 | -12.4% |
| Other amounts receivable | 41 | €160,981 | €225,544 | +€64,563 | +40.1% |
| Cash at bank and in hand | 54/58 | €102,391 | €144,545 | +€42,154 | +41.2% |
| Deferred charges and accrued income | 490/1 | €4,177 | €432 | -€3,745 | -89.7% |
| Total equity and liabilities | 10/49 | €766,267 | €776,933 | +€10,667 | +1.4% |
| Equity | 10/15 | €249,572 | €209,900 | -€39,672 | -15.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €194,900 | €194,900 | = | 0.0% |
| Distributable reserves | 133 | €194,900 | €194,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,672 | €0 | -€39,672 | -100% |
| Amounts payable | 17/49 | €516,695 | €567,033 | +€50,339 | +9.7% |
| Amounts payable after more than one year | 17 | €238,996 | €197,487 | -€41,509 | -17.4% |
| Financial debts | 170/4 | €238,996 | €197,487 | -€41,509 | -17.4% |
| Amounts payable within one year | 42/48 | €277,699 | €369,546 | +€91,847 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €75,613 | €83,707 | +€8,094 | +10.7% |
| Trade debts | 44 | €93,888 | €126,249 | +€32,361 | +34.5% |
| Suppliers | 440/4 | €93,888 | €126,249 | +€32,361 | +34.5% |
| Taxes, remuneration and social security | 45 | €61,226 | €41,655 | -€19,571 | -32.0% |
| Taxes | 450/3 | €50,812 | €15,886 | -€34,926 | -68.7% |
| Remuneration and social security | 454/9 | €10,415 | €25,769 | +€15,355 | +147% |
| Other amounts payable | 47/48 | €46,972 | €117,935 | +€70,963 | +151% |
| Remuneration, social security and pensions | 62 | €91,357 | €199,394 | +€108,037 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,707 | €96,352 | +€7,645 | +8.6% |
| Other operating charges | 640/8 | €2,307 | €15,491 | +€13,185 | +572% |
| Non-recurring operating charges | 66A | €8,742 | €0 | -€8,742 | -100% |
| Gross operating margin | 9900 | €245,833 | €327,778 | +€81,945 | +33.3% |
| Operating profit (loss) | 9901 | €54,720 | €16,540 | -€38,179 | -69.8% |
| Financial income | 75/76B | €5,812 | €5,247 | -€565 | -9.7% |
| Recurring financial income | 75 | €5,812 | €5,247 | -€565 | -9.7% |
| Financial charges | 65/66B | €11,757 | €12,613 | +€856 | +7.3% |
| Recurring financial charges | 65 | €11,757 | €12,613 | +€856 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €48,776 | €9,174 | -€39,601 | -81.2% |
| Income taxes | 67/77 | €9,726 | €2,881 | -€6,845 | -70.4% |
| Profit (loss) for the period | 9904 | €39,049 | €6,293 | -€32,756 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,049 | €6,293 | -€32,756 | -83.9% |
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 29 October 2026 via checked.be.