JoWyl: 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.
JoWyl
Largest movements
- Tangible fixed assets -€40,675
down €40,675 (-20.3%), from €200,807 to €160,132
of which Land and buildings: -€28,452
- Cash -€36,344
down €36,344 (-36.0%), from €100,955 to €64,611
mainly Net result for the year (-€73,600) and Debts after one year (-€23,029)
- Receivables within one year -€27,535
down €27,535 (-72.9%), from €37,790 to €10,255
of which Trade receivables: -€25,179
- Stocks and contracts +€15,623
new in 2025: €15,623
- Current investments -€13,636
down €13,636 (-36.7%), from €37,200 to €23,563
- Profit (loss) carried forward -€73,600
new in 2025: -€73,600
- Debts after one year -€23,029
down €23,029 (-28.5%), from €80,806 to €57,777
- Tax, wage and social debts -€5,891
down €5,891 (-75.8%), from €7,767 to €1,877
- Gross operating margin -€96,331
down €96,331, from €69,899 to -€26,432
- Depreciation +€8,444
up €8,444 (+26.2%), from €32,231 to €40,675
- Taxes -€8,416
down €8,416 (-98.4%), from €8,550 to €134
- Financial income +€769
new in 2025: €769
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 | €376,752 | €274,184 | -€102,568 | -27.2% |
| Fixed assets | 21/28 | €200,807 | €160,132 | -€40,675 | -20.3% |
| Tangible fixed assets | 22/27 | €200,807 | €160,132 | -€40,675 | -20.3% |
| Land and buildings | 22 | €147,555 | €119,103 | -€28,452 | -19.3% |
| Plant, machinery and equipment | 23 | €1,148 | €756 | -€392 | -34.1% |
| Furniture and vehicles | 24 | €52,104 | €40,273 | -€11,831 | -22.7% |
| Current assets | 29/58 | €175,945 | €114,052 | -€61,893 | -35.2% |
| Stocks and contracts in progress | 3 | - | €15,623 | +€15,623 | |
| Stocks | 30/36 | - | €15,623 | +€15,623 | |
| Amounts receivable within one year | 40/41 | €37,790 | €10,255 | -€27,535 | -72.9% |
| Trade receivables | 40 | €31,218 | €6,039 | -€25,179 | -80.7% |
| Other amounts receivable | 41 | €6,572 | €4,216 | -€2,356 | -35.8% |
| Current investments | 50/53 | €37,200 | €23,563 | -€13,636 | -36.7% |
| Cash at bank and in hand | 54/58 | €100,955 | €64,611 | -€36,344 | -36.0% |
| Total equity and liabilities | 10/49 | €376,752 | €274,184 | -€102,568 | -27.2% |
| Equity | 10/15 | €263,325 | €189,724 | -€73,600 | -28.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €250,925 | €250,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €249,065 | €249,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€73,600 | -€73,600 | |
| Amounts payable | 17/49 | €113,427 | €84,460 | -€28,968 | -25.5% |
| Amounts payable after more than one year | 17 | €80,806 | €57,777 | -€23,029 | -28.5% |
| Financial debts | 170/4 | €80,806 | €57,777 | -€23,029 | -28.5% |
| Amounts payable within one year | 42/48 | €32,622 | €25,167 | -€7,455 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €22,180 | €23,029 | +€848 | +3.8% |
| Trade debts | 44 | €2,114 | €262 | -€1,852 | -87.6% |
| Suppliers | 440/4 | €2,114 | €262 | -€1,852 | -87.6% |
| Taxes, remuneration and social security | 45 | €7,767 | €1,877 | -€5,891 | -75.8% |
| Taxes | 450/3 | €7,767 | €1,877 | -€5,891 | -75.8% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Accrued charges and deferred income | 492/3 | - | €1,515 | +€1,515 | |
| Remuneration, social security and pensions | 62 | €1,996 | €1,891 | -€106 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,231 | €40,675 | +€8,444 | +26.2% |
| Other operating charges | 640/8 | €2,199 | €1,693 | -€506 | -23.0% |
| Gross operating margin | 9900 | €69,899 | -€26,432 | -€96,331 | |
| Operating profit (loss) | 9901 | €33,472 | -€70,691 | -€104,163 | |
| Financial income | 75/76B | - | €769 | +€769 | |
| Recurring financial income | 75 | - | €769 | +€769 | |
| Financial charges | 65/66B | €3,156 | €3,545 | +€388 | +12.3% |
| Recurring financial charges | 65 | €3,156 | €3,545 | +€388 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €30,316 | -€73,466 | -€103,782 | |
| Income taxes | 67/77 | €8,550 | €134 | -€8,416 | -98.4% |
| Profit (loss) for the period | 9904 | €21,766 | -€73,600 | -€95,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,766 | -€73,600 | -€95,366 |
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 13 October 2026 via checked.be.