JSW Works: 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.
JSW Works
Largest movements
- Cash +€100,197
up €100,197 (+42.2%), from €237,443 to €337,639
mainly Other debts (+€67,112) and Net result for the year (+€66,521)
- Receivables within one year -€14,417
down €14,417 (-54.3%), from €26,536 to €12,119
of which Trade receivables: -€14,771
- Other debts +€67,112
up €67,112 (+3,906%), from €1,718 to €68,830
- Tax, wage and social debts +€17,744
up €17,744 (+50.6%), from €35,042 to €52,786
of which Taxes: +€13,914
- Gross operating margin -€36,184
down €36,184 (-29.5%), from €122,840 to €86,656
- Taxes -€8,150
down €8,150 (-30.8%), from €26,423 to €18,273
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 | €269,433 | €354,699 | +€85,266 | +31.6% |
| Fixed assets | 21/28 | €2,012 | €1,322 | -€690 | -34.3% |
| Tangible fixed assets | 22/27 | €2,012 | €1,322 | -€690 | -34.3% |
| Furniture and vehicles | 24 | €2,012 | €1,322 | -€690 | -34.3% |
| Current assets | 29/58 | €267,421 | €353,377 | +€85,956 | +32.1% |
| Amounts receivable within one year | 40/41 | €26,536 | €12,119 | -€14,417 | -54.3% |
| Trade receivables | 40 | €26,514 | €11,743 | -€14,771 | -55.7% |
| Other amounts receivable | 41 | €22 | €377 | +€354 | +1,602% |
| Cash at bank and in hand | 54/58 | €237,443 | €337,639 | +€100,197 | +42.2% |
| Deferred charges and accrued income | 490/1 | €3,442 | €3,618 | +€176 | +5.1% |
| Total equity and liabilities | 10/49 | €269,433 | €354,699 | +€85,266 | +31.6% |
| Equity | 10/15 | €231,793 | €231,793 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €221,793 | €221,793 | = | 0.0% |
| Distributable reserves | 133 | €221,793 | €221,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,640 | €122,906 | +€85,266 | +227% |
| Amounts payable within one year | 42/48 | €37,640 | €122,906 | +€85,266 | +227% |
| Trade debts | 44 | €880 | €1,290 | +€409 | +46.5% |
| Suppliers | 440/4 | €880 | €1,290 | +€409 | +46.5% |
| Taxes, remuneration and social security | 45 | €35,042 | €52,786 | +€17,744 | +50.6% |
| Taxes | 450/3 | €35,042 | €48,956 | +€13,914 | +39.7% |
| Remuneration and social security | 454/9 | €0 | €3,830 | +€3,830 | |
| Other amounts payable | 47/48 | €1,718 | €68,830 | +€67,112 | +3,906% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €690 | = | 0.0% |
| Other operating charges | 640/8 | €176 | €1,117 | +€941 | +535% |
| Gross operating margin | 9900 | €122,840 | €86,656 | -€36,184 | -29.5% |
| Operating profit (loss) | 9901 | €121,974 | €84,848 | -€37,126 | -30.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.4% |
| Financial charges | 65/66B | €63 | €54 | -€9 | -13.8% |
| Recurring financial charges | 65 | €63 | €54 | -€9 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €121,916 | €84,794 | -€37,122 | -30.4% |
| Income taxes | 67/77 | €26,423 | €18,273 | -€8,150 | -30.8% |
| Profit (loss) for the period | 9904 | €95,493 | €66,521 | -€28,972 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,493 | €66,521 | -€28,972 | -30.3% |
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 30 October 2026 via checked.be.