JERWIN: 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.
JERWIN
Largest movements
- Tangible fixed assets -€6,350
down €6,350 (-3.5%), from €181,318 to €174,968
of which Land and buildings: -€5,014
- Cash -€2,856
down €2,856 (-13.5%), from €21,100 to €18,244
mainly Debts after one year (-€8,742) and Other debts (-€8,000)
- Debts after one year -€8,742
no longer reported in 2026 (was €8,742)
- Other debts -€8,000
down €8,000 (-6.3%), from €127,554 to €119,554
- Profit (loss) carried forward +€4,546
up €4,546 (+10.4%), from -€43,575 to -€39,029
- Current portion of long-term debt +€2,990
up €2,990 (+52.0%), from €5,752 to €8,742
- Gross operating margin +€3,549
up €3,549 (+25.4%), from €13,959 to €17,508
- Financial charges +€3,138
up €3,138 (+481.1%), from €652 to €3,790
- Other operating charges +€324
up €324 (+13.0%), from €2,498 to €2,822
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 | €202,418 | €193,212 | -€9,207 | -4.5% |
| Fixed assets | 21/28 | €181,318 | €174,968 | -€6,350 | -3.5% |
| Tangible fixed assets | 22/27 | €181,318 | €174,968 | -€6,350 | -3.5% |
| Land and buildings | 22 | €156,239 | €151,225 | -€5,014 | -3.2% |
| Plant, machinery and equipment | 23 | €22,837 | €21,829 | -€1,008 | -4.4% |
| Furniture and vehicles | 24 | €2,242 | €1,914 | -€328 | -14.6% |
| Current assets | 29/58 | €21,100 | €18,244 | -€2,856 | -13.5% |
| Cash at bank and in hand | 54/58 | €21,100 | €18,244 | -€2,856 | -13.5% |
| Total equity and liabilities | 10/49 | €202,418 | €193,212 | -€9,207 | -4.5% |
| Equity | 10/15 | €60,369 | €64,915 | +€4,546 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,944 | €3,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,944 | €3,944 | = | 0.0% |
| Legal reserve | 130 | €3,944 | €3,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,575 | -€39,029 | +€4,546 | +10.4% |
| Amounts payable | 17/49 | €142,049 | €128,296 | -€13,752 | -9.7% |
| Amounts payable after more than one year | 17 | €8,742 | - | -€8,742 | |
| Financial debts | 170/4 | €8,742 | - | -€8,742 | |
| Amounts payable within one year | 42/48 | €133,307 | €128,296 | -€5,010 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €5,752 | €8,742 | +€2,990 | +52.0% |
| Other amounts payable | 47/48 | €127,554 | €119,554 | -€8,000 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,350 | €6,350 | = | 0.0% |
| Other operating charges | 640/8 | €2,498 | €2,822 | +€324 | +13.0% |
| Gross operating margin | 9900 | €13,959 | €17,508 | +€3,549 | +25.4% |
| Operating profit (loss) | 9901 | €5,111 | €8,336 | +€3,225 | +63.1% |
| Financial charges | 65/66B | €652 | €3,790 | +€3,138 | +481.1% |
| Recurring financial charges | 65 | €652 | €3,790 | +€3,138 | +481.1% |
| Profit (loss) for the period before taxes | 9903 | €4,458 | €4,546 | +€87 | +2.0% |
| Profit (loss) for the period | 9904 | €4,458 | €4,546 | +€87 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,458 | €4,546 | +€87 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.