JPNWA: 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.
JPNWA
Largest movements
- Tangible fixed assets -€40,823
down €40,823 (-7.8%), from €521,692 to €480,869
- Cash -€6,755
down €6,755 (-31.9%), from €21,160 to €14,405
mainly Contributions, distributions and other (-€401,910) and Net result for the year (-€23,895)
- Contributions -€400,000
down €400,000 (-80.0%), from €500,000 to €100,000
- Other debts +€399,570
up €399,570, from €0 to €399,570
- Profit (loss) carried forward -€23,895
down €23,895 (-115%), from -€20,860 to -€44,755
- Debts after one year -€16,400
down €16,400 (-100%), from €16,400 to €0
- Financial income -€229,777
down €229,777 (-100%), from €229,777 to €0
- Gross operating margin +€6,741
up €6,741 (+56.7%), from €11,889 to €18,630
- Other operating charges -€436
down €436 (-8.6%), from €5,047 to €4,611
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 | €544,020 | €497,076 | -€46,944 | -8.6% |
| Fixed assets | 21/28 | €521,692 | €480,869 | -€40,823 | -7.8% |
| Tangible fixed assets | 22/27 | €521,692 | €480,869 | -€40,823 | -7.8% |
| Land and buildings | 22 | €521,692 | €480,869 | -€40,823 | -7.8% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €22,328 | €16,207 | -€6,121 | -27.4% |
| Cash at bank and in hand | 54/58 | €21,160 | €14,405 | -€6,755 | -31.9% |
| Deferred charges and accrued income | 490/1 | €1,168 | €1,802 | +€634 | +54.3% |
| Total equity and liabilities | 10/49 | €544,020 | €497,076 | -€46,944 | -8.6% |
| Equity | 10/15 | €507,786 | €81,981 | -€425,805 | -83.9% |
| Contributions | 10/11 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Capital | 10 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Issued capital | 100 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Reserves | 13 | €28,646 | €26,736 | -€1,910 | -6.7% |
| Tax-exempt reserves | 132 | €28,646 | €26,736 | -€1,910 | -6.7% |
| Profit (loss) carried forward | 14 | -€20,860 | -€44,755 | -€23,895 | -115% |
| Provisions and deferred taxes | 16 | €15,425 | €14,397 | -€1,028 | -6.7% |
| Deferred taxes | 168 | €15,425 | €14,397 | -€1,028 | -6.7% |
| Amounts payable | 17/49 | €20,809 | €400,698 | +€379,889 | +1,826% |
| Amounts payable after more than one year | 17 | €16,400 | €0 | -€16,400 | -100% |
| Financial debts | 170/4 | €16,400 | €0 | -€16,400 | -100% |
| Amounts payable within one year | 42/48 | €4,409 | €400,698 | +€396,289 | +8,988% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,409 | €878 | -€3,531 | -80.1% |
| Suppliers | 440/4 | €959 | €878 | -€81 | -8.4% |
| Bills of exchange payable | 441 | €3,450 | - | -€3,450 | |
| Taxes, remuneration and social security | 45 | - | €250 | +€250 | |
| Taxes | 450/3 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | €0 | €399,570 | +€399,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,823 | €40,823 | = | 0.0% |
| Other operating charges | 640/8 | €5,047 | €4,611 | -€436 | -8.6% |
| Gross operating margin | 9900 | €11,889 | €18,630 | +€6,741 | +56.7% |
| Operating profit (loss) | 9901 | -€33,981 | -€26,804 | +€7,177 | +21.1% |
| Financial income | 75/76B | €229,777 | €0 | -€229,777 | -100% |
| Recurring financial income | 75 | €229,777 | €0 | -€229,777 | -100% |
| Financial charges | 65/66B | €45 | €29 | -€16 | -35.6% |
| Recurring financial charges | 65 | €45 | €29 | -€16 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €195,751 | -€26,833 | -€222,584 | |
| Transfer from deferred taxes | 780 | €2,938 | €2,938 | = | 0.0% |
| Profit (loss) for the period | 9904 | €198,689 | -€23,895 | -€222,584 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €198,689 | -€23,895 | -€222,584 |
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 15 October 2026 via checked.be.