JSWB: 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.
JSWB
Largest movements
- Receivables within one year -€17,545
down €17,545 (-100.0%), from €17,545 to €0
- Debts after one year -€87,885
down €87,885 (-9.3%), from €946,814 to €858,929
- Reserves +€51,354
up €51,354 (+117.3%), from €43,792 to €95,146
- Tax, wage and social debts +€18,138
up €18,138 (+114.8%), from €15,802 to €33,940
- Gross operating margin +€15,842
up €15,842 (+21.2%), from €74,690 to €90,532
- Financial charges +€5,551
up €5,551 (+35.9%), from €15,482 to €21,033
- Taxes +€2,602
up €2,602 (+17.5%), from €14,872 to €17,474
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 | €1,097,128 | €1,082,453 | -€14,675 | -1.3% |
| Fixed assets | 21/28 | €1,079,496 | €1,079,496 | = | 0.0% |
| Financial fixed assets | 28 | €1,079,496 | €1,079,496 | = | 0.0% |
| Current assets | 29/58 | €17,632 | €2,957 | -€14,675 | -83.2% |
| Amounts receivable within one year | 40/41 | €17,545 | €0 | -€17,545 | -100.0% |
| Trade receivables | 40 | €17,545 | €0 | -€17,545 | -100.0% |
| Cash at bank and in hand | 54/58 | €87 | €2,660 | +€2,573 | +2961.1% |
| Deferred charges and accrued income | 490/1 | - | €298 | +€298 | |
| Total equity and liabilities | 10/49 | €1,097,128 | €1,082,453 | -€14,675 | -1.3% |
| Equity | 10/15 | €48,792 | €100,146 | +€51,354 | +105.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,792 | €95,146 | +€51,354 | +117.3% |
| Distributable reserves | 133 | €43,792 | €95,146 | +€51,354 | +117.3% |
| Amounts payable | 17/49 | €1,048,335 | €982,307 | -€66,028 | -6.3% |
| Amounts payable after more than one year | 17 | €946,814 | €858,929 | -€87,885 | -9.3% |
| Financial debts | 170/4 | €946,814 | €858,929 | -€87,885 | -9.3% |
| Amounts payable within one year | 42/48 | €101,522 | €123,378 | +€21,857 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €84,699 | €87,885 | +€3,186 | +3.8% |
| Trade debts | 44 | - | €651 | +€651 | |
| Suppliers | 440/4 | - | €651 | +€651 | |
| Taxes, remuneration and social security | 45 | €15,802 | €33,940 | +€18,138 | +114.8% |
| Taxes | 450/3 | €15,802 | €33,940 | +€18,138 | +114.8% |
| Other amounts payable | 47/48 | €1,020 | €903 | -€117 | -11.5% |
| Other operating charges | 640/8 | €543 | €671 | +€128 | +23.6% |
| Gross operating margin | 9900 | €74,690 | €90,532 | +€15,842 | +21.2% |
| Operating profit (loss) | 9901 | €74,147 | €89,861 | +€15,714 | +21.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,482 | €21,033 | +€5,551 | +35.9% |
| Recurring financial charges | 65 | €15,482 | €21,033 | +€5,551 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €58,665 | €68,828 | +€10,163 | +17.3% |
| Income taxes | 67/77 | €14,872 | €17,474 | +€2,602 | +17.5% |
| Profit (loss) for the period | 9904 | €43,792 | €51,354 | +€7,561 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,792 | €51,354 | +€7,561 | +17.3% |
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 30 September 2026 via checked.be.