JOAHW Management: 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.
JOAHW Management
Largest movements
- Tangible fixed assets -€17,927
down €17,927 (-36.1%), from €49,642 to €31,715
of which Furniture and vehicles: -€13,039
- Receivables within one year +€7,203
up €7,203 (+14.0%), from €51,562 to €58,766
of which Other amounts receivable: +€26,129
- Cash +€2,224
up €2,224 (+477%), from €466 to €2,690
mainly Depreciation (+€17,723) and Other debts (+€833)
- Trade debts -€3,229
down €3,229 (-41.9%), from €7,702 to €4,473
- Tax, wage and social debts -€2,968
down €2,968 (-41.9%), from €7,089 to €4,121
- Profit (loss) carried forward -€2,192
down €2,192 (-3.2%), from €68,943 to €66,751
- Gross operating margin +€24,455
up €24,455, from -€6,268 to €18,187
- Depreciation +€2,321
up €2,321 (+15.1%), from €15,402 to €17,723
- Financial income +€1,369
up €1,369 (+341%), from €402 to €1,771
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 | €103,146 | €94,777 | -€8,369 | -8.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €49,642 | €31,715 | -€17,927 | -36.1% |
| Tangible fixed assets | 22/27 | €49,642 | €31,715 | -€17,927 | -36.1% |
| Furniture and vehicles | 24 | €17,070 | €4,031 | -€13,039 | -76.4% |
| Leasing and similar rights | 25 | - | €225 | +€225 | |
| Other tangible fixed assets | 26 | €32,572 | €27,459 | -€5,113 | -15.7% |
| Current assets | 29/58 | €53,504 | €63,063 | +€9,559 | +17.9% |
| Amounts receivable within one year | 40/41 | €51,562 | €58,766 | +€7,203 | +14.0% |
| Trade receivables | 40 | €32,759 | €13,834 | -€18,925 | -57.8% |
| Other amounts receivable | 41 | €18,803 | €44,932 | +€26,129 | +139% |
| Cash at bank and in hand | 54/58 | €466 | €2,690 | +€2,224 | +477% |
| Deferred charges and accrued income | 490/1 | €1,476 | €1,607 | +€131 | +8.8% |
| Total equity and liabilities | 10/49 | €103,146 | €94,777 | -€8,369 | -8.1% |
| Equity | 10/15 | €87,543 | €85,351 | -€2,192 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,943 | €66,751 | -€2,192 | -3.2% |
| Amounts payable | 17/49 | €15,603 | €9,427 | -€6,177 | -39.6% |
| Amounts payable within one year | 42/48 | €15,603 | €9,427 | -€6,177 | -39.6% |
| Financial debts | 43 | €812 | - | -€812 | |
| Credit institutions | 430/8 | €812 | - | -€812 | |
| Trade debts | 44 | €7,702 | €4,473 | -€3,229 | -41.9% |
| Suppliers | 440/4 | €7,702 | €4,473 | -€3,229 | -41.9% |
| Taxes, remuneration and social security | 45 | €7,089 | €4,121 | -€2,968 | -41.9% |
| Taxes | 450/3 | €7,089 | €4,121 | -€2,968 | -41.9% |
| Other amounts payable | 47/48 | €0 | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,402 | €17,723 | +€2,321 | +15.1% |
| Other operating charges | 640/8 | €1,833 | €1,757 | -€76 | -4.1% |
| Non-recurring operating charges | 66A | €794 | €377 | -€417 | -52.5% |
| Gross operating margin | 9900 | -€6,268 | €18,187 | +€24,455 | |
| Operating profit (loss) | 9901 | -€24,296 | -€1,669 | +€22,626 | +93.1% |
| Financial income | 75/76B | €402 | €1,771 | +€1,369 | +341% |
| Recurring financial income | 75 | €402 | €1,771 | +€1,369 | +341% |
| Financial charges | 65/66B | €1,174 | €1,052 | -€123 | -10.4% |
| Recurring financial charges | 65 | €1,174 | €1,052 | -€123 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,068 | -€950 | +€24,118 | +96.2% |
| Income taxes | 67/77 | €379 | €409 | +€29 | +7.7% |
| Profit (loss) for the period | 9904 | -€25,448 | -€1,359 | +€24,089 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,448 | -€1,359 | +€24,089 | +94.7% |
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 1 November 2026 via checked.be.