JW MANAGEMENT: 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.
JW MANAGEMENT
Largest movements
- Receivables within one year +€16,138
up €16,138 (+26.3%), from €61,326 to €77,464
of which Trade receivables: +€27,000
- Other debts +€65,691
up €65,691 (+437.2%), from €15,025 to €80,716
- Tax, wage and social debts -€40,489
down €40,489 (-90.5%), from €44,717 to €4,228
of which Taxes: -€40,489
- Profit (loss) carried forward -€10,263
down €10,263 (-153.3%), from -€6,695 to -€16,958
- Trade debts +€942
up €942 (+46.5%), from €2,026 to €2,968
- Taxes -€8,697
down €8,697 (-99.3%), from €8,757 to €60
- Financial charges +€5,589
up €5,589 (+480.3%), from €1,164 to €6,753
- Gross operating margin +€5,072
up €5,072 (+63.1%), from -€8,043 to -€2,971
- Other operating charges -€2,998
down €2,998 (-68.4%), from €4,383 to €1,385
- Financial income -€1,825
down €1,825 (-53.6%), from €3,405 to €1,580
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 | €62,138 | €78,098 | +€15,960 | +25.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €755 | €618 | -€138 | -18.2% |
| Tangible fixed assets | 22/27 | €755 | €618 | -€138 | -18.2% |
| Plant, machinery and equipment | 23 | €204 | €129 | -€75 | -36.9% |
| Furniture and vehicles | 24 | €551 | €489 | -€62 | -11.3% |
| Current assets | 29/58 | €61,383 | €77,480 | +€16,098 | +26.2% |
| Amounts receivable within one year | 40/41 | €61,326 | €77,464 | +€16,138 | +26.3% |
| Trade receivables | 40 | €20,611 | €47,611 | +€27,000 | +131.0% |
| Other amounts receivable | 41 | €40,715 | €29,853 | -€10,862 | -26.7% |
| Cash at bank and in hand | 54/58 | €56 | €16 | -€40 | -72.0% |
| Total equity and liabilities | 10/49 | €62,138 | €78,098 | +€15,960 | +25.7% |
| Equity | 10/15 | -€495 | -€10,758 | -€10,263 | -2071.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,695 | -€16,958 | -€10,263 | -153.3% |
| Amounts payable | 17/49 | €62,633 | €88,856 | +€26,223 | +41.9% |
| Amounts payable within one year | 42/48 | €62,633 | €88,856 | +€26,223 | +41.9% |
| Financial debts | 43 | €864 | €944 | +€80 | +9.2% |
| Credit institutions | 430/8 | €864 | €944 | +€80 | +9.2% |
| Trade debts | 44 | €2,026 | €2,968 | +€942 | +46.5% |
| Suppliers | 440/4 | €2,026 | €2,968 | +€942 | +46.5% |
| Taxes, remuneration and social security | 45 | €44,717 | €4,228 | -€40,489 | -90.5% |
| Taxes | 450/3 | €44,717 | €4,228 | -€40,489 | -90.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,025 | €80,716 | +€65,691 | +437.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €674 | +€152 | +29.1% |
| Other operating charges | 640/8 | €4,383 | €1,385 | -€2,998 | -68.4% |
| Non-recurring operating charges | 66A | €2,993 | - | -€2,993 | |
| Gross operating margin | 9900 | -€8,043 | -€2,971 | +€5,072 | +63.1% |
| Operating profit (loss) | 9901 | -€15,941 | -€5,030 | +€10,911 | +68.4% |
| Financial income | 75/76B | €3,405 | €1,580 | -€1,825 | -53.6% |
| Recurring financial income | 75 | €3,405 | €1,580 | -€1,825 | -53.6% |
| Financial charges | 65/66B | €1,164 | €6,753 | +€5,589 | +480.3% |
| Recurring financial charges | 65 | €1,164 | €6,753 | +€5,589 | +480.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,700 | -€10,203 | +€3,497 | +25.5% |
| Income taxes | 67/77 | €8,757 | €60 | -€8,697 | -99.3% |
| Profit (loss) for the period | 9904 | -€22,456 | -€10,263 | +€12,193 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,456 | -€10,263 | +€12,193 | +54.3% |
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 11 October 2026 via checked.be.