JOWARI: 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.
JOWARI
Largest movements
- Cash -€44,747
down €44,747 (-44.2%), from €101,262 to €56,515
mainly Receivables within one year (-€44,581) and Contributions, distributions and other (-€41,512)
- Receivables within one year +€44,581
up €44,581 (+209.5%), from €21,277 to €65,859
of which Other amounts receivable: +€49,433
- Tangible fixed assets +€3,918
up €3,918 (+280.1%), from €1,399 to €5,316
- Other debts +€31,709
up €31,709 (+443.3%), from €7,153 to €38,862
- Reserves -€30,862
down €30,862 (-23.7%), from €130,013 to €99,151
- Tax, wage and social debts +€8,034
up €8,034 (+360.5%), from €2,229 to €10,262
of which Remuneration and social security: +€7,569
- Trade debts -€6,035
down €6,035 (-82.8%), from €7,293 to €1,258
- Gross operating margin -€36,954
down €36,954 (-74.6%), from €49,551 to €12,597
- Taxes -€12,524
down €12,524 (-71.3%), from €17,565 to €5,041
- Financial income -€2,053
down €2,053 (-27.2%), from €7,560 to €5,506
- Depreciation +€577
up €577 (+69.1%), from €835 to €1,412
- Financial charges -€555
down €555 (-53.6%), from €1,036 to €481
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 | €334,361 | €338,409 | +€4,048 | +1.2% |
| Fixed assets | 21/28 | €1,399 | €5,316 | +€3,918 | +280.1% |
| Tangible fixed assets | 22/27 | €1,399 | €5,316 | +€3,918 | +280.1% |
| Furniture and vehicles | 24 | €1,399 | €5,316 | +€3,918 | +280.1% |
| Current assets | 29/58 | €332,963 | €333,093 | +€130 | 0.0% |
| Amounts receivable after more than one year | 29 | €187,494 | €187,494 | = | 0.0% |
| Other amounts receivable | 291 | €187,494 | €187,494 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,277 | €65,859 | +€44,581 | +209.5% |
| Trade receivables | 40 | €6,031 | €1,180 | -€4,851 | -80.4% |
| Other amounts receivable | 41 | €15,246 | €64,679 | +€49,433 | +324.2% |
| Current investments | 50/53 | €22,772 | €22,772 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,262 | €56,515 | -€44,747 | -44.2% |
| Deferred charges and accrued income | 490/1 | €157 | €453 | +€296 | +188.2% |
| Total equity and liabilities | 10/49 | €334,361 | €338,409 | +€4,048 | +1.2% |
| Equity | 10/15 | €317,275 | €286,413 | -€30,862 | -9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €130,013 | €99,151 | -€30,862 | -23.7% |
| Distributable reserves | 133 | €130,013 | €99,151 | -€30,862 | -23.7% |
| Profit (loss) carried forward | 14 | €168,670 | €168,670 | = | 0.0% |
| Amounts payable | 17/49 | €17,087 | €51,996 | +€34,910 | +204.3% |
| Amounts payable within one year | 42/48 | €17,087 | €51,996 | +€34,910 | +204.3% |
| Financial debts | 43 | €411 | €1,614 | +€1,203 | +292.5% |
| Credit institutions | 430/8 | €411 | €1,614 | +€1,203 | +292.5% |
| Trade debts | 44 | €7,293 | €1,258 | -€6,035 | -82.8% |
| Suppliers | 440/4 | €7,293 | €1,258 | -€6,035 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,229 | €10,262 | +€8,034 | +360.5% |
| Taxes | 450/3 | €2,229 | €2,693 | +€465 | +20.9% |
| Remuneration and social security | 454/9 | - | €7,569 | +€7,569 | |
| Other amounts payable | 47/48 | €7,153 | €38,862 | +€31,709 | +443.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €1,412 | +€577 | +69.1% |
| Other operating charges | 640/8 | €791 | €520 | -€271 | -34.3% |
| Gross operating margin | 9900 | €49,551 | €12,597 | -€36,954 | -74.6% |
| Operating profit (loss) | 9901 | €47,925 | €10,665 | -€37,260 | -77.7% |
| Financial income | 75/76B | €7,560 | €5,506 | -€2,053 | -27.2% |
| Recurring financial income | 75 | €7,560 | €5,506 | -€2,053 | -27.2% |
| Financial charges | 65/66B | €1,036 | €481 | -€555 | -53.6% |
| Recurring financial charges | 65 | €1,036 | €481 | -€555 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €54,449 | €15,691 | -€38,758 | -71.2% |
| Income taxes | 67/77 | €17,565 | €5,041 | -€12,524 | -71.3% |
| Profit (loss) for the period | 9904 | €36,884 | €10,650 | -€26,234 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,884 | €10,650 | -€26,234 | -71.1% |
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 8 October 2026 via checked.be.