JOWITEC: 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.
JOWITEC
Largest movements
- Receivables within one year +€127,031
up €127,031 (+210.7%), from €60,304 to €187,335
of which Trade receivables: +€77,031
- Debts after one year -€511,754
down €511,754 (-22.5%), from €2.3m to €1.8m
- Reserves +€387,051
up €387,051 (+28.2%), from €1.4m to €1.8m
- Other debts +€214,676
up €214,676 (+360.4%), from €59,560 to €274,236
- Financial income -€119,999
down €119,999 (-27.6%), from €435,000 to €315,001
- Gross operating margin -€86,191
down €86,191 (-16.0%), from €538,310 to €452,119
- Financial charges -€36,690
down €36,690 (-32.0%), from €114,772 to €78,082
- Taxes -€15,030
down €15,030 (-14.0%), from €107,702 to €92,672
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 | €4,233,117 | €4,334,500 | +€101,383 | +2.4% |
| Fixed assets | 21/28 | €4,065,609 | €4,070,625 | +€5,016 | +0.1% |
| Tangible fixed assets | 22/27 | €11,408 | €16,424 | +€5,016 | +44.0% |
| Plant, machinery and equipment | 23 | €3,672 | €2,184 | -€1,488 | -40.5% |
| Furniture and vehicles | 24 | €7,736 | €5,649 | -€2,087 | -27.0% |
| Other tangible fixed assets | 26 | - | €8,591 | +€8,591 | |
| Financial fixed assets | 28 | €4,054,201 | €4,054,201 | = | 0.0% |
| Current assets | 29/58 | €167,508 | €263,875 | +€96,367 | +57.5% |
| Amounts receivable within one year | 40/41 | €60,304 | €187,335 | +€127,031 | +210.7% |
| Trade receivables | 40 | €60,304 | €137,335 | +€77,031 | +127.7% |
| Other amounts receivable | 41 | €0 | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €102,889 | €72,609 | -€30,280 | -29.4% |
| Deferred charges and accrued income | 490/1 | €4,315 | €3,931 | -€385 | -8.9% |
| Total equity and liabilities | 10/49 | €4,233,117 | €4,334,500 | +€101,383 | +2.4% |
| Equity | 10/15 | €1,391,917 | €1,778,968 | +€387,051 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,373,317 | €1,760,368 | +€387,051 | +28.2% |
| Distributable reserves | 133 | €1,373,317 | €1,760,368 | +€387,051 | +28.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,841,200 | €2,555,532 | -€285,668 | -10.1% |
| Amounts payable after more than one year | 17 | €2,274,243 | €1,762,489 | -€511,754 | -22.5% |
| Financial debts | 170/4 | €2,274,243 | €1,762,489 | -€511,754 | -22.5% |
| Amounts payable within one year | 42/48 | €515,752 | €744,877 | +€229,125 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €406,550 | €416,754 | +€10,204 | +2.5% |
| Trade debts | 44 | €7,723 | €6,312 | -€1,410 | -18.3% |
| Suppliers | 440/4 | €7,723 | €6,312 | -€1,410 | -18.3% |
| Taxes, remuneration and social security | 45 | €41,920 | €47,575 | +€5,656 | +13.5% |
| Taxes | 450/3 | €41,920 | €47,575 | +€5,656 | +13.5% |
| Other amounts payable | 47/48 | €59,560 | €274,236 | +€214,676 | +360.4% |
| Accrued charges and deferred income | 492/3 | €51,206 | €48,166 | -€3,039 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €4,078 | -€4,136 | -50.4% |
| Other operating charges | 640/8 | €4,161 | €3,088 | -€1,074 | -25.8% |
| Non-recurring operating charges | 66A | - | €2,150 | +€2,150 | |
| Gross operating margin | 9900 | €538,310 | €452,119 | -€86,191 | -16.0% |
| Operating profit (loss) | 9901 | €525,935 | €442,804 | -€83,131 | -15.8% |
| Financial income | 75/76B | €435,000 | €315,001 | -€119,999 | -27.6% |
| Recurring financial income | 75 | €435,000 | €315,001 | -€119,999 | -27.6% |
| Financial charges | 65/66B | €114,772 | €78,082 | -€36,690 | -32.0% |
| Recurring financial charges | 65 | €114,772 | €78,082 | -€36,690 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €846,163 | €679,723 | -€166,440 | -19.7% |
| Income taxes | 67/77 | €107,702 | €92,672 | -€15,030 | -14.0% |
| Profit (loss) for the period | 9904 | €738,461 | €587,051 | -€151,410 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €738,461 | €587,051 | -€151,410 | -20.5% |
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 3 October 2026 via checked.be.