JISWO: 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.
JISWO
Largest movements
- Cash -€32,798
down €32,798 (-20.6%), from €158,862 to €126,065
mainly Contributions, distributions and other (-€40,200) and Receivables within one year (-€5,496)
- Deferred charges and accrued income -€6,335
down €6,335 (-70.9%), from €8,935 to €2,600
- Receivables within one year +€5,496
up €5,496 (+37.1%), from €14,798 to €20,294
of which Other amounts receivable: +€12,346
- Reserves -€34,420
down €34,420 (-12.6%), from €273,460 to €239,040
of which Distributable reserves: -€34,420
- Short-term financial debts +€6,708
new in 2025: €6,708
- Tax, wage and social debts -€4,429
down €4,429 (-78.3%), from €5,659 to €1,231
- Gross operating margin -€47,877
down €47,877 (-79.5%), from €60,215 to €12,338
- Taxes -€11,715
down €11,715 (-69.0%), from €16,984 to €5,269
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 | €291,574 | €258,205 | -€33,368 | -11.4% |
| Fixed assets | 21/28 | €9,768 | €10,036 | +€268 | +2.7% |
| Tangible fixed assets | 22/27 | €9,768 | €10,036 | +€268 | +2.7% |
| Furniture and vehicles | 24 | €9,768 | €10,036 | +€268 | +2.7% |
| Current assets | 29/58 | €281,806 | €248,169 | -€33,637 | -11.9% |
| Amounts receivable within one year | 40/41 | €14,798 | €20,294 | +€5,496 | +37.1% |
| Trade receivables | 40 | €14,798 | €7,949 | -€6,849 | -46.3% |
| Other amounts receivable | 41 | €0 | €12,346 | +€12,346 | |
| Current investments | 50/53 | €99,210 | €99,210 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,862 | €126,065 | -€32,798 | -20.6% |
| Deferred charges and accrued income | 490/1 | €8,935 | €2,600 | -€6,335 | -70.9% |
| Total equity and liabilities | 10/49 | €291,574 | €258,205 | -€33,368 | -11.4% |
| Equity | 10/15 | €281,520 | €247,100 | -€34,420 | -12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,460 | €239,040 | -€34,420 | -12.6% |
| Tax-exempt reserves | 132 | €5,542 | €5,542 | = | 0.0% |
| Distributable reserves | 133 | €267,917 | €233,498 | -€34,420 | -12.8% |
| Profit (loss) carried forward | 14 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €10,054 | €11,105 | +€1,051 | +10.5% |
| Amounts payable within one year | 42/48 | €10,054 | €11,105 | +€1,051 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €6,708 | +€6,708 | |
| Credit institutions | 430/8 | - | €6,708 | +€6,708 | |
| Trade debts | 44 | €1,698 | €1,069 | -€628 | -37.0% |
| Suppliers | 440/4 | €1,698 | €1,069 | -€628 | -37.0% |
| Taxes, remuneration and social security | 45 | €5,659 | €1,231 | -€4,429 | -78.3% |
| Taxes | 450/3 | €5,659 | €1,231 | -€4,429 | -78.3% |
| Other amounts payable | 47/48 | €2,697 | €2,097 | -€600 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,505 | €2,995 | -€510 | -14.5% |
| Other operating charges | 640/8 | €611 | €908 | +€297 | +48.6% |
| Gross operating margin | 9900 | €60,215 | €12,338 | -€47,877 | -79.5% |
| Operating profit (loss) | 9901 | €56,099 | €8,435 | -€47,664 | -85.0% |
| Financial income | 75/76B | €2,599 | €2,688 | +€89 | +3.4% |
| Recurring financial income | 75 | €2,599 | €2,688 | +€89 | +3.4% |
| Financial charges | 65/66B | €153 | €73 | -€80 | -52.2% |
| Recurring financial charges | 65 | €153 | €73 | -€80 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €58,545 | €11,050 | -€47,495 | -81.1% |
| Income taxes | 67/77 | €16,984 | €5,269 | -€11,715 | -69.0% |
| Profit (loss) for the period | 9904 | €41,560 | €5,781 | -€35,780 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,560 | €5,781 | -€35,780 | -86.1% |
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 19 October 2026 via checked.be.