JEWO: 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.
JEWO
Largest movements
- Financial fixed assets -€170,903
down €170,903 (-18.9%), from €904,374 to €733,471
- Receivables within one year +€62,640
up €62,640 (+80.9%), from €77,454 to €140,093
of which Trade receivables: +€57,261
- Cash -€10,499
down €10,499 (-45.4%), from €23,121 to €12,621
mainly Net result for the year (-€161,603) and Debts after one year (-€83,333)
- Reserves -€161,603
down €161,603 (-23.4%), from €690,267 to €528,664
- Trade debts +€94,742
up €94,742 (+105%), from €90,061 to €184,803
- Debts after one year -€83,333
down €83,333 (-100%), from €83,333 to €0
- Other debts +€36,000
new in 2025: €36,000
- Financial charges +€169,881
up €169,881 (+5,332%), from €3,186 to €173,067
of which Non-recurring financial charges: +€170,903
- Financial income -€60,000
down €60,000 (-100%), from €60,000 to €0
- Gross operating margin -€8,619
down €8,619 (-35.0%), from €24,625 to €16,006
- Taxes -€1,688
down €1,688 (-33.3%), from €5,073 to €3,385
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 | €1,004,949 | €886,186 | -€118,763 | -11.8% |
| Fixed assets | 21/28 | €904,374 | €733,471 | -€170,903 | -18.9% |
| Financial fixed assets | 28 | €904,374 | €733,471 | -€170,903 | -18.9% |
| Current assets | 29/58 | €100,574 | €152,715 | +€52,140 | +51.8% |
| Amounts receivable within one year | 40/41 | €77,454 | €140,093 | +€62,640 | +80.9% |
| Trade receivables | 40 | €77,454 | €134,714 | +€57,261 | +73.9% |
| Other amounts receivable | 41 | - | €5,379 | +€5,379 | |
| Cash at bank and in hand | 54/58 | €23,121 | €12,621 | -€10,499 | -45.4% |
| Total equity and liabilities | 10/49 | €1,004,949 | €886,186 | -€118,763 | -11.8% |
| Equity | 10/15 | €740,267 | €578,664 | -€161,603 | -21.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €690,267 | €528,664 | -€161,603 | -23.4% |
| Distributable reserves | 133 | €690,267 | €528,664 | -€161,603 | -23.4% |
| Amounts payable | 17/49 | €264,682 | €307,522 | +€42,840 | +16.2% |
| Amounts payable after more than one year | 17 | €83,333 | €0 | -€83,333 | -100% |
| Financial debts | 170/4 | €83,333 | €0 | -€83,333 | -100% |
| Amounts payable within one year | 42/48 | €181,348 | €307,522 | +€126,174 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | +€0 | 0.0% |
| Trade debts | 44 | €90,061 | €184,803 | +€94,742 | +105% |
| Suppliers | 440/4 | €90,061 | €184,803 | +€94,742 | +105% |
| Taxes, remuneration and social security | 45 | €7,954 | €3,385 | -€4,569 | -57.4% |
| Taxes | 450/3 | €7,954 | €3,385 | -€4,569 | -57.4% |
| Other amounts payable | 47/48 | - | €36,000 | +€36,000 | |
| Other operating charges | 640/8 | €1,146 | €1,157 | +€11 | +0.9% |
| Gross operating margin | 9900 | €24,625 | €16,006 | -€8,619 | -35.0% |
| Operating profit (loss) | 9901 | €23,479 | €14,849 | -€8,630 | -36.8% |
| Financial income | 75/76B | €60,000 | €0 | -€60,000 | -100% |
| Recurring financial income | 75 | €60,000 | €0 | -€60,000 | -100% |
| Financial charges | 65/66B | €3,186 | €173,067 | +€169,881 | +5,332% |
| Recurring financial charges | 65 | €3,186 | €2,164 | -€1,023 | -32.1% |
| Non-recurring financial charges | 66B | - | €170,903 | +€170,903 | |
| Profit (loss) for the period before taxes | 9903 | €80,293 | -€158,218 | -€238,510 | |
| Income taxes | 67/77 | €5,073 | €3,385 | -€1,688 | -33.3% |
| Profit (loss) for the period | 9904 | €75,220 | -€161,603 | -€236,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,220 | -€161,603 | -€236,823 |
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.