JOWI: 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.
JOWI
Largest movements
- Cash -€21,197
down €21,197 (-88.9%), from €23,837 to €2,639
mainly Net result for the year (-€34,147) and Current portion of long-term debt (-€11,377)
- Profit (loss) carried forward -€34,147
down €34,147 (-8.5%), from -€400,300 to -€434,448
- Accrued charges and deferred income +€27,324
up €27,324 (+14.5%), from €188,690 to €216,014
- Gross operating margin -€746
down €746 (-23.0%), from -€3,247 to -€3,993
- Financial income -€668
down €668 (-63.5%), from €1,053 to €384
- Financial charges -€588
down €588 (-2.0%), from €28,713 to €28,126
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 | €1,180,671 | €1,159,365 | -€21,306 | -1.8% |
| Fixed assets | 21/28 | €1,138,140 | €1,138,140 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,138,140 | €1,138,140 | = | 0.0% |
| Land and buildings | 22 | €1,138,140 | €1,138,140 | = | 0.0% |
| Current assets | 29/58 | €42,531 | €21,225 | -€21,306 | -50.1% |
| Current investments | 50/53 | €18,304 | €18,545 | +€241 | +1.3% |
| Cash at bank and in hand | 54/58 | €23,837 | €2,639 | -€21,197 | -88.9% |
| Deferred charges and accrued income | 490/1 | €390 | €41 | -€350 | -89.6% |
| Total equity and liabilities | 10/49 | €1,180,671 | €1,159,365 | -€21,306 | -1.8% |
| Equity | 10/15 | -€391,470 | -€425,618 | -€34,147 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,630 | €2,630 | = | 0.0% |
| Distributable reserves | 133 | €2,630 | €2,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,300 | -€434,448 | -€34,147 | -8.5% |
| Amounts payable | 17/49 | €1,572,141 | €1,584,983 | +€12,841 | +0.8% |
| Amounts payable after more than one year | 17 | €1,367,350 | €1,365,000 | -€2,350 | -0.2% |
| Financial debts | 170/4 | €1,367,350 | €1,365,000 | -€2,350 | -0.2% |
| Amounts payable within one year | 42/48 | €16,102 | €3,969 | -€12,133 | -75.3% |
| Current portion of amounts payable after more than one year | 42 | €13,727 | €2,350 | -€11,377 | -82.9% |
| Trade debts | 44 | €2,375 | €1,619 | -€755 | -31.8% |
| Suppliers | 440/4 | €2,375 | €1,619 | -€755 | -31.8% |
| Accrued charges and deferred income | 492/3 | €188,690 | €216,014 | +€27,324 | +14.5% |
| Other operating charges | 640/8 | €2,291 | €2,311 | +€19 | +0.8% |
| Gross operating margin | 9900 | -€3,247 | -€3,993 | -€746 | -23.0% |
| Operating profit (loss) | 9901 | -€5,539 | -€6,304 | -€765 | -13.8% |
| Financial income | 75/76B | €1,053 | €384 | -€668 | -63.5% |
| Recurring financial income | 75 | €1,053 | €384 | -€668 | -63.5% |
| Financial charges | 65/66B | €28,713 | €28,126 | -€588 | -2.0% |
| Recurring financial charges | 65 | €28,713 | €28,126 | -€588 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,199 | -€34,045 | -€846 | -2.5% |
| Income taxes | 67/77 | €121 | €102 | -€19 | -15.4% |
| Profit (loss) for the period | 9904 | -€33,320 | -€34,147 | -€827 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,320 | -€34,147 | -€827 | -2.5% |
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 1 October 2026 via checked.be.