JEW: 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.
JEW
Largest movements
- Cash +€22,723
up €22,723 (+51.1%), from €44,459 to €67,181
mainly Net result for the year (+€34,852) and Depreciation (+€20,489)
- Tangible fixed assets -€18,572
down €18,572 (-27.8%), from €66,893 to €48,321
of which Other tangible fixed assets: -€16,030
- Receivables within one year -€3,529
down €3,529 (-10.0%), from €35,308 to €31,779
of which Other amounts receivable: -€6,826
- Debts after one year -€15,625
down €15,625 (-71.4%), from €21,875 to €6,250
- Reserves +€10,138
up €10,138 (+101%), from €10,000 to €20,138
- Trade debts +€9,258
up €9,258 (+92.4%), from €10,020 to €19,278
- Other debts +€6,000
up €6,000 (+150%), from €4,000 to €10,000
- Tax, wage and social debts +€5,966
up €5,966 (+37.0%), from €16,143 to €22,109
of which Taxes: +€3,638
- Gross operating margin +€7,768
up €7,768 (+7.1%), from €110,029 to €117,796
- Staff costs +€2,641
up €2,641 (+5.7%), from €46,387 to €49,028
- Taxes +€1,451
up €1,451 (+17.3%), from €8,367 to €9,817
- Depreciation +€1,285
up €1,285 (+6.7%), from €19,204 to €20,489
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 | €167,557 | €169,168 | +€1,611 | +1.0% |
| Fixed assets | 21/28 | €66,893 | €48,321 | -€18,572 | -27.8% |
| Tangible fixed assets | 22/27 | €66,893 | €48,321 | -€18,572 | -27.8% |
| Plant, machinery and equipment | 23 | €8,891 | €7,940 | -€951 | -10.7% |
| Furniture and vehicles | 24 | €5,602 | €4,011 | -€1,591 | -28.4% |
| Other tangible fixed assets | 26 | €52,401 | €36,370 | -€16,030 | -30.6% |
| Current assets | 29/58 | €100,664 | €120,847 | +€20,183 | +20.0% |
| Stocks and contracts in progress | 3 | €9,367 | €10,261 | +€894 | +9.5% |
| Stocks | 30/36 | €9,367 | €10,261 | +€894 | +9.5% |
| Amounts receivable within one year | 40/41 | €35,308 | €31,779 | -€3,529 | -10.0% |
| Trade receivables | 40 | €23,649 | €26,947 | +€3,298 | +13.9% |
| Other amounts receivable | 41 | €11,659 | €4,832 | -€6,826 | -58.6% |
| Cash at bank and in hand | 54/58 | €44,459 | €67,181 | +€22,723 | +51.1% |
| Deferred charges and accrued income | 490/1 | €11,531 | €11,626 | +€95 | +0.8% |
| Total equity and liabilities | 10/49 | €167,557 | €169,168 | +€1,611 | +1.0% |
| Equity | 10/15 | €88,857 | €95,138 | +€6,280 | +7.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,138 | +€10,138 | +101% |
| Distributable reserves | 133 | €10,000 | €20,138 | +€10,138 | +101% |
| Profit (loss) carried forward | 14 | €3,857 | €0 | -€3,857 | -100% |
| Amounts payable | 17/49 | €78,699 | €74,030 | -€4,669 | -5.9% |
| Amounts payable after more than one year | 17 | €21,875 | €6,250 | -€15,625 | -71.4% |
| Financial debts | 170/4 | €21,875 | €6,250 | -€15,625 | -71.4% |
| Amounts payable within one year | 42/48 | €50,996 | €67,012 | +€16,016 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €20,833 | €15,625 | -€5,209 | -25.0% |
| Trade debts | 44 | €10,020 | €19,278 | +€9,258 | +92.4% |
| Suppliers | 440/4 | €10,020 | €19,278 | +€9,258 | +92.4% |
| Taxes, remuneration and social security | 45 | €16,143 | €22,109 | +€5,966 | +37.0% |
| Taxes | 450/3 | €15,343 | €18,981 | +€3,638 | +23.7% |
| Remuneration and social security | 454/9 | €800 | €3,128 | +€2,328 | +291% |
| Other amounts payable | 47/48 | €4,000 | €10,000 | +€6,000 | +150% |
| Accrued charges and deferred income | 492/3 | €5,828 | €768 | -€5,060 | -86.8% |
| Non-recurring operating income | 76A | - | €103 | +€103 | |
| Remuneration, social security and pensions | 62 | €46,387 | €49,028 | +€2,641 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,204 | €20,489 | +€1,285 | +6.7% |
| Other operating charges | 640/8 | €622 | €639 | +€17 | +2.7% |
| Non-recurring operating charges | 66A | - | €2,206 | +€2,206 | |
| Gross operating margin | 9900 | €110,029 | €117,796 | +€7,768 | +7.1% |
| Operating profit (loss) | 9901 | €43,815 | €45,435 | +€1,619 | +3.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,908 | €766 | -€1,142 | -59.8% |
| Recurring financial charges | 65 | €1,908 | €766 | -€1,142 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €41,908 | €44,669 | +€2,761 | +6.6% |
| Income taxes | 67/77 | €8,367 | €9,817 | +€1,451 | +17.3% |
| Profit (loss) for the period | 9904 | €33,541 | €34,852 | +€1,310 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,541 | €34,852 | +€1,310 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.