JW AREA: 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.
JW AREA
Largest movements
- Tangible fixed assets -€10,123
down €10,123 (-4.6%), from €221,288 to €211,165
of which Land and buildings: -€7,577
- Cash -€7,611
down €7,611 (-37.2%), from €20,443 to €12,832
mainly Other debts (-€55,724) and Debts after one year (-€5,336)
- Other debts -€55,724
down €55,724 (-59.0%), from €94,419 to €38,695
- Profit (loss) carried forward +€28,459
up €28,459, from -€10,946 to €17,513
- Tax, wage and social debts +€10,484
up €10,484 (+342.7%), from €3,060 to €13,544
- Debts after one year -€5,336
down €5,336 (-3.6%), from €147,437 to €142,101
- Gross operating margin +€42,262
up €42,262 (+254.8%), from €16,584 to €58,845
- Taxes +€11,165
up €11,165 (+4001.0%), from €279 to €11,444
- Other operating charges -€1,824
down €1,824 (-55.1%), from €3,312 to €1,488
- Depreciation -€930
down €930 (-8.4%), from €11,054 to €10,123
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 | €245,428 | €225,475 | -€19,953 | -8.1% |
| Fixed assets | 21/28 | €223,917 | €211,502 | -€12,415 | -5.5% |
| Tangible fixed assets | 22/27 | €221,288 | €211,165 | -€10,123 | -4.6% |
| Land and buildings | 22 | €218,095 | €210,518 | -€7,577 | -3.5% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Furniture and vehicles | 24 | €3,091 | €647 | -€2,443 | -79.1% |
| Financial fixed assets | 28 | €2,629 | €337 | -€2,292 | -87.2% |
| Current assets | 29/58 | €21,511 | €13,973 | -€7,538 | -35.0% |
| Stocks and contracts in progress | 3 | €1,068 | €965 | -€103 | -9.6% |
| Stocks | 30/36 | €1,068 | €965 | -€103 | -9.6% |
| Cash at bank and in hand | 54/58 | €20,443 | €12,832 | -€7,611 | -37.2% |
| Deferred charges and accrued income | 490/1 | - | €176 | +€176 | |
| Total equity and liabilities | 10/49 | €245,428 | €225,475 | -€19,953 | -8.1% |
| Equity | 10/15 | -€4,642 | €23,817 | +€28,459 | |
| Contributions | 10/11 | €6,305 | €6,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,946 | €17,513 | +€28,459 | |
| Amounts payable | 17/49 | €250,070 | €201,658 | -€48,412 | -19.4% |
| Amounts payable after more than one year | 17 | €147,437 | €142,101 | -€5,336 | -3.6% |
| Financial debts | 170/4 | €147,437 | €142,101 | -€5,336 | -3.6% |
| Amounts payable within one year | 42/48 | €102,633 | €59,557 | -€43,076 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €5,095 | €5,336 | +€241 | +4.7% |
| Trade debts | 44 | €59 | €1,982 | +€1,922 | +3231.5% |
| Suppliers | 440/4 | €59 | €1,982 | +€1,922 | +3231.5% |
| Taxes, remuneration and social security | 45 | €3,060 | €13,544 | +€10,484 | +342.7% |
| Taxes | 450/3 | €3,060 | €13,544 | +€10,484 | +342.7% |
| Other amounts payable | 47/48 | €94,419 | €38,695 | -€55,724 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,054 | €10,123 | -€930 | -8.4% |
| Other operating charges | 640/8 | €3,312 | €1,488 | -€1,824 | -55.1% |
| Gross operating margin | 9900 | €16,584 | €58,845 | +€42,262 | +254.8% |
| Operating profit (loss) | 9901 | €2,218 | €47,235 | +€45,016 | +2029.4% |
| Financial income | 75/76B | €212 | €18 | -€194 | -91.6% |
| Recurring financial income | 75 | €212 | €18 | -€194 | -91.6% |
| Financial charges | 65/66B | €7,594 | €7,350 | -€244 | -3.2% |
| Recurring financial charges | 65 | €7,594 | €7,350 | -€244 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,163 | €39,903 | +€45,066 | |
| Income taxes | 67/77 | €279 | €11,444 | +€11,165 | +4001.0% |
| Profit (loss) for the period | 9904 | -€5,442 | €28,459 | +€33,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,442 | €28,459 | +€33,902 |
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 8 October 2026 via checked.be.