JW-Group: 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-Group
Largest movements
- Tangible fixed assets -€4,726
down €4,726 (-39.6%), from €11,943 to €7,217
- Cash +€3,998
up €3,998 (+2527.7%), from €158 to €4,156
mainly Debts after one year (+€51,660) and Depreciation (+€4,726)
- Receivables within one year -€2,109
down €2,109 (-5.2%), from €40,293 to €38,184
of which Trade receivables: -€40,293
- Debts after one year +€51,660
up €51,660 (+101.7%), from €50,817 to €102,477
of which Financial debts: +€54,094
- Other debts -€40,056
down €40,056 (-74.2%), from €53,963 to €13,907
- Profit (loss) carried forward -€9,327
new in 2025: -€9,327
- Current portion of long-term debt -€4,493
down €4,493 (-100.0%), from €4,493 to €0
- Gross operating margin -€17,971
down €17,971, from €15,764 to -€2,207
- Taxes -€1,709
down €1,709 (-100.0%), from €1,709 to €0
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 | €156,418 | €154,532 | -€1,886 | -1.2% |
| Fixed assets | 21/28 | €113,161 | €108,435 | -€4,726 | -4.2% |
| Tangible fixed assets | 22/27 | €11,943 | €7,217 | -€4,726 | -39.6% |
| Furniture and vehicles | 24 | €11,943 | €7,217 | -€4,726 | -39.6% |
| Financial fixed assets | 28 | €101,218 | €101,218 | = | 0.0% |
| Current assets | 29/58 | €43,257 | €46,098 | +€2,840 | +6.6% |
| Amounts receivable within one year | 40/41 | €40,293 | €38,184 | -€2,109 | -5.2% |
| Trade receivables | 40 | €40,293 | €0 | -€40,293 | -100.0% |
| Other amounts receivable | 41 | - | €38,184 | +€38,184 | |
| Cash at bank and in hand | 54/58 | €158 | €4,156 | +€3,998 | +2527.7% |
| Deferred charges and accrued income | 490/1 | €2,806 | €3,757 | +€951 | +33.9% |
| Total equity and liabilities | 10/49 | €156,418 | €154,532 | -€1,886 | -1.2% |
| Equity | 10/15 | €37,657 | €28,330 | -€9,327 | -24.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,157 | €35,157 | = | 0.0% |
| Distributable reserves | 133 | €35,157 | €35,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,327 | -€9,327 | |
| Amounts payable | 17/49 | €118,761 | €126,202 | +€7,441 | +6.3% |
| Amounts payable after more than one year | 17 | €50,817 | €102,477 | +€51,660 | +101.7% |
| Financial debts | 170/4 | €48,383 | €102,477 | +€54,094 | +111.8% |
| Other amounts payable | 178/9 | €2,434 | €0 | -€2,434 | -100.0% |
| Amounts payable within one year | 42/48 | €67,945 | €22,548 | -€45,397 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €4,493 | €0 | -€4,493 | -100.0% |
| Trade debts | 44 | €4,146 | €3,965 | -€181 | -4.4% |
| Suppliers | 440/4 | €4,146 | €3,965 | -€181 | -4.4% |
| Taxes, remuneration and social security | 45 | €5,343 | €4,675 | -€668 | -12.5% |
| Taxes | 450/3 | €5,343 | €3,378 | -€1,965 | -36.8% |
| Remuneration and social security | 454/9 | - | €1,298 | +€1,298 | |
| Other amounts payable | 47/48 | €53,963 | €13,907 | -€40,056 | -74.2% |
| Accrued charges and deferred income | 492/3 | - | €1,178 | +€1,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,726 | €4,726 | = | 0.0% |
| Other operating charges | 640/8 | €687 | €617 | -€70 | -10.1% |
| Gross operating margin | 9900 | €15,764 | -€2,207 | -€17,971 | |
| Operating profit (loss) | 9901 | €10,351 | -€7,551 | -€17,902 | |
| Financial charges | 65/66B | €1,804 | €1,776 | -€28 | -1.5% |
| Recurring financial charges | 65 | €1,804 | €1,776 | -€28 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €8,547 | -€9,327 | -€17,874 | |
| Income taxes | 67/77 | €1,709 | €0 | -€1,709 | -100.0% |
| Profit (loss) for the period | 9904 | €6,838 | -€9,327 | -€16,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,838 | -€9,327 | -€16,164 |
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.