JLW: 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.
JLW
Largest movements
- Receivables within one year +€8,629
up €8,629 (+650.1%), from €1,327 to €9,957
- Cash +€2,209
up €2,209 (+360.0%), from €614 to €2,822
mainly Net result for the year (+€217,029) and Depreciation (+€204)
- Tangible fixed assets -€204
down €204 (-57.5%), from €356 to €151
- Profit (loss) carried forward +€217,029
up €217,029 (+23.2%), from -€934,468 to -€717,439
- Other debts -€203,232
down €203,232 (-57.9%), from €350,769 to €147,537
- Short-term financial debts -€1,950
down €1,950 (-100.0%), from €1,950 to €0
- Trade debts -€1,214
down €1,214 (-100.0%), from €1,214 to €0
- Gross operating margin +€247,730
up €247,730, from -€25,671 to €222,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,297 | €12,930 | +€10,634 | +463.0% |
| Fixed assets | 21/28 | €356 | €151 | -€204 | -57.5% |
| Tangible fixed assets | 22/27 | €356 | €151 | -€204 | -57.5% |
| Other tangible fixed assets | 26 | €356 | €151 | -€204 | -57.5% |
| Current assets | 29/58 | €1,941 | €12,779 | +€10,838 | +558.4% |
| Amounts receivable within one year | 40/41 | €1,327 | €9,957 | +€8,629 | +650.1% |
| Other amounts receivable | 41 | €1,327 | €9,957 | +€8,629 | +650.1% |
| Cash at bank and in hand | 54/58 | €614 | €2,822 | +€2,209 | +360.0% |
| Total equity and liabilities | 10/49 | €2,297 | €12,930 | +€10,634 | +463.0% |
| Equity | 10/15 | -€866,000 | -€648,971 | +€217,029 | +25.1% |
| Contributions | 10/11 | €13,637 | €13,637 | = | 0.0% |
| Reserves | 13 | €54,830 | €54,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €52,830 | €52,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€934,468 | -€717,439 | +€217,029 | +23.2% |
| Amounts payable | 17/49 | €868,297 | €661,902 | -€206,395 | -23.8% |
| Amounts payable after more than one year | 17 | €370,000 | €370,000 | = | 0.0% |
| Other amounts payable | 178/9 | €370,000 | €370,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €498,249 | €291,854 | -€206,395 | -41.4% |
| Financial debts | 43 | €1,950 | €0 | -€1,950 | -100.0% |
| Credit institutions | 430/8 | €1,950 | €0 | -€1,950 | -100.0% |
| Trade debts | 44 | €1,214 | €0 | -€1,214 | -100.0% |
| Suppliers | 440/4 | €1,214 | €0 | -€1,214 | -100.0% |
| Taxes, remuneration and social security | 45 | €144,317 | €144,317 | = | 0.0% |
| Taxes | 450/3 | €144,317 | €144,317 | = | 0.0% |
| Other amounts payable | 47/48 | €350,769 | €147,537 | -€203,232 | -57.9% |
| Accrued charges and deferred income | 492/3 | €48 | €48 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €204 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €125 | -€259 | -67.5% |
| Non-recurring operating charges | 66A | - | €4,606 | +€4,606 | |
| Gross operating margin | 9900 | -€25,671 | €222,059 | +€247,730 | |
| Operating profit (loss) | 9901 | -€26,260 | €217,123 | +€243,384 | |
| Financial income | 75/76B | €0 | €265 | +€265 | |
| Recurring financial income | 75 | €0 | €265 | +€265 | |
| Financial charges | 65/66B | €507 | €359 | -€147 | -29.0% |
| Recurring financial charges | 65 | €507 | €359 | -€147 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,767 | €217,029 | +€243,796 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,767 | €217,029 | +€243,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,767 | €217,029 | +€243,796 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.