JW Management Services: 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 Services
Largest movements
- Stocks and contracts +€39,057
up €39,057 (+207%), from €18,831 to €57,887
- Receivables within one year -€16,506
down €16,506 (-22.9%), from €71,965 to €55,459
- Deferred charges and accrued income +€2,135
up €2,135 (+763%), from €280 to €2,415
- Cash -€1,914
down €1,914 (-2.9%), from €65,764 to €63,851
mainly Contributions, distributions and other (-€56,634) and Stocks and contracts (-€39,057)
- Other debts +€51,122
up €51,122 (+927%), from €5,513 to €56,634
- Debts after one year -€23,519
down €23,519 (-100%), from €23,519 to €0
- Trade debts +€21,383
up €21,383 (+50.4%), from €42,419 to €63,802
- Current portion of long-term debt -€10,339
down €10,339 (-30.5%), from €33,859 to €23,519
- Tax, wage and social debts -€7,812
down €7,812 (-17.2%), from €45,543 to €37,731
of which Taxes: -€4,862
- Gross operating margin +€78,618
up €78,618, from -€4,778 to €73,840
- Taxes +€16,539
up €16,539 (+3,063%), from €540 to €17,079
- Other operating charges +€1,604
up €1,604 (+115%), from €1,389 to €2,994
- Financial charges -€1,285
down €1,285 (-28.2%), from €4,553 to €3,268
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 | €158,262 | €181,737 | +€23,475 | +14.8% |
| Fixed assets | 21/28 | €1,422 | €2,125 | +€703 | +49.5% |
| Tangible fixed assets | 22/27 | €1,217 | €1,870 | +€653 | +53.7% |
| Furniture and vehicles | 24 | €1,217 | €1,870 | +€653 | +53.7% |
| Financial fixed assets | 28 | €205 | €255 | +€50 | +24.4% |
| Current assets | 29/58 | €156,840 | €179,612 | +€22,772 | +14.5% |
| Stocks and contracts in progress | 3 | €18,831 | €57,887 | +€39,057 | +207% |
| Stocks | 30/36 | €18,831 | €57,887 | +€39,057 | +207% |
| Amounts receivable within one year | 40/41 | €71,965 | €55,459 | -€16,506 | -22.9% |
| Trade receivables | 40 | €71,965 | €55,459 | -€16,506 | -22.9% |
| Cash at bank and in hand | 54/58 | €65,764 | €63,851 | -€1,914 | -2.9% |
| Deferred charges and accrued income | 490/1 | €280 | €2,415 | +€2,135 | +763% |
| Total equity and liabilities | 10/49 | €158,262 | €181,737 | +€23,475 | +14.8% |
| Equity | 10/15 | €7,408 | €50 | -€7,358 | -99.3% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €7,358 | €0 | -€7,358 | -100% |
| Distributable reserves | 133 | €7,358 | €0 | -€7,358 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €150,854 | €181,687 | +€30,833 | +20.4% |
| Amounts payable after more than one year | 17 | €23,519 | €0 | -€23,519 | -100% |
| Financial debts | 170/4 | €23,519 | €0 | -€23,519 | -100% |
| Amounts payable within one year | 42/48 | €127,335 | €181,687 | +€54,353 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €33,859 | €23,519 | -€10,339 | -30.5% |
| Trade debts | 44 | €42,419 | €63,802 | +€21,383 | +50.4% |
| Suppliers | 440/4 | €42,419 | €63,802 | +€21,383 | +50.4% |
| Taxes, remuneration and social security | 45 | €45,543 | €37,731 | -€7,812 | -17.2% |
| Taxes | 450/3 | €42,593 | €37,731 | -€4,862 | -11.4% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100% |
| Other amounts payable | 47/48 | €5,513 | €56,634 | +€51,122 | +927% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €985 | €1,225 | +€240 | +24.4% |
| Other operating charges | 640/8 | €1,389 | €2,994 | +€1,604 | +115% |
| Gross operating margin | 9900 | -€4,778 | €73,840 | +€78,618 | |
| Operating profit (loss) | 9901 | -€7,152 | €69,621 | +€76,773 | |
| Financial income | 75/76B | €415 | €3 | -€412 | -99.4% |
| Recurring financial income | 75 | €415 | €3 | -€412 | -99.4% |
| Financial charges | 65/66B | €4,553 | €3,268 | -€1,285 | -28.2% |
| Recurring financial charges | 65 | €4,553 | €3,268 | -€1,285 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,290 | €66,356 | +€77,646 | |
| Income taxes | 67/77 | €540 | €17,079 | +€16,539 | +3,063% |
| Profit (loss) for the period | 9904 | -€11,830 | €49,277 | +€61,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,830 | €49,277 | +€61,107 |
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 27 October 2026 via checked.be.