JLW: what changed
Two fiscal 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.
JLW
Largest movements
- Cash +€41,178
up €41,178 (+167.6%), from €24,572 to €65,749
mainly Net result for the year (+€49,200) and Depreciation (+€7,391)
- Tangible fixed assets -€5,391
down €5,391 (-1.4%), from €397,046 to €391,655
of which Land and buildings: -€6,900
- Receivables within one year -€5,246
down €5,246 (-100.0%), from €5,246 to €0
- Profit (loss) carried forward +€49,200
up €49,200 (+37.5%), from €131,289 to €180,488
- Other debts -€19,968
down €19,968 (-11.6%), from €172,064 to €152,095
- Tax, wage and social debts +€5,840
up €5,840 (+16488.3%), from €35 to €5,876
- Gross operating margin +€30,882
up €30,882 (+41.3%), from €74,785 to €105,667
- Taxes +€8,805
up €8,805 (+113.1%), from €7,785 to €16,590
- Financial charges -€4,581
down €4,581 (-30.3%), from €15,126 to €10,545
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.
Cash bridge derived
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 | €426,865 | €457,404 | +€30,540 | +7.2% |
| Fixed assets | 21/28 | €397,046 | €391,655 | -€5,391 | -1.4% |
| Tangible fixed assets | 22/27 | €397,046 | €391,655 | -€5,391 | -1.4% |
| Land and buildings | 22 | €397,046 | €390,146 | -€6,900 | -1.7% |
| Plant, machinery and equipment | 23 | - | €1,509 | +€1,509 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €29,818 | €65,749 | +€35,931 | +120.5% |
| Amounts receivable within one year | 40/41 | €5,246 | €0 | -€5,246 | -100.0% |
| Other amounts receivable | 41 | €5,246 | €0 | -€5,246 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,572 | €65,749 | +€41,178 | +167.6% |
| Total equity and liabilities | 10/49 | €426,865 | €457,404 | +€30,540 | +7.2% |
| Equity | 10/15 | €239,734 | €288,933 | +€49,200 | +20.5% |
| Contributions | 10/11 | €37,502 | €37,502 | = | 0.0% |
| Reserves | 13 | €70,943 | €70,943 | = | 0.0% |
| Distributable reserves | 133 | €70,943 | €70,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,289 | €180,488 | +€49,200 | +37.5% |
| Amounts payable | 17/49 | €187,131 | €168,471 | -€18,660 | -10.0% |
| Amounts payable within one year | 42/48 | €172,131 | €157,971 | -€14,160 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €32 | €0 | -€32 | -100.0% |
| Suppliers | 440/4 | €32 | €0 | -€32 | -100.0% |
| Taxes, remuneration and social security | 45 | €35 | €5,876 | +€5,840 | +16488.3% |
| Taxes | 450/3 | €35 | €5,876 | +€5,840 | +16488.3% |
| Other amounts payable | 47/48 | €172,064 | €152,095 | -€19,968 | -11.6% |
| Accrued charges and deferred income | 492/3 | €15,000 | €10,500 | -€4,500 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,242 | €7,391 | +€149 | +2.1% |
| Other operating charges | 640/8 | €21,275 | €21,941 | +€666 | +3.1% |
| Gross operating margin | 9900 | €74,785 | €105,667 | +€30,882 | +41.3% |
| Operating profit (loss) | 9901 | €46,268 | €76,335 | +€30,067 | +65.0% |
| Financial charges | 65/66B | €15,126 | €10,545 | -€4,581 | -30.3% |
| Recurring financial charges | 65 | €15,126 | €10,545 | -€4,581 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €31,142 | €65,790 | +€34,648 | +111.3% |
| Income taxes | 67/77 | €7,785 | €16,590 | +€8,805 | +113.1% |
| Profit (loss) for the period | 9904 | €23,356 | €49,200 | +€25,843 | +110.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,356 | €49,200 | +€25,843 | +110.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.