JW PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€27,317
down €27,317 (-86.8%), from €31,469 to €4,152
of which Furniture and vehicles: -€27,070
- Cash +€17,421
up €17,421, from €0 to €17,421
mainly Investment in fixed assets (net) (+€25,768) and Tax, wage and social debts (+€8,308)
- Receivables within one year -€1,843
down €1,843 (-44.6%), from €4,133 to €2,290
of which Trade receivables: -€2,160
- Debts after one year -€12,030
down €12,030 (-70.2%), from €17,133 to €5,103
- Tax, wage and social debts +€8,308
up €8,308 (+118.3%), from €7,024 to €15,331
of which Remuneration and social security: +€5,000
- Profit (loss) carried forward -€4,846
down €4,846 (-27.8%), from -€17,444 to -€22,290
- Short-term financial debts -€2,812
down €2,812 (-100.0%), from €2,812 to €0
- Other debts -€528
down €528 (-47.4%), from €1,113 to €585
- Depreciation -€13,365
down €13,365 (-89.6%), from €14,914 to €1,549
- Taxes -€1,624
down €1,624, from €244 to -€1,379
- Gross operating margin -€1,144
down €1,144 (-23.6%), from €4,858 to €3,713
- Other operating charges +€336
up €336 (+34.7%), from €969 to €1,305
- Financial charges -€266
down €266 (-18.7%), from €1,421 to €1,155
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 | €36,763 | €24,969 | -€11,794 | -32.1% |
| Fixed assets | 21/28 | €31,469 | €4,152 | -€27,317 | -86.8% |
| Tangible fixed assets | 22/27 | €31,469 | €4,152 | -€27,317 | -86.8% |
| Plant, machinery and equipment | 23 | €247 | €0 | -€247 | -100.0% |
| Furniture and vehicles | 24 | €31,222 | €4,152 | -€27,070 | -86.7% |
| Current assets | 29/58 | €5,294 | €20,817 | +€15,523 | +293.2% |
| Amounts receivable within one year | 40/41 | €4,133 | €2,290 | -€1,843 | -44.6% |
| Trade receivables | 40 | €2,160 | €0 | -€2,160 | -100.0% |
| Other amounts receivable | 41 | €1,973 | €2,290 | +€317 | +16.1% |
| Cash at bank and in hand | 54/58 | €0 | €17,421 | +€17,421 | |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,106 | -€55 | -4.7% |
| Total equity and liabilities | 10/49 | €36,763 | €24,969 | -€11,794 | -32.1% |
| Equity | 10/15 | -€3,744 | -€8,590 | -€4,846 | -129.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,444 | -€22,290 | -€4,846 | -27.8% |
| Amounts payable | 17/49 | €40,507 | €33,560 | -€6,947 | -17.2% |
| Amounts payable after more than one year | 17 | €17,133 | €5,103 | -€12,030 | -70.2% |
| Financial debts | 170/4 | €17,133 | €5,103 | -€12,030 | -70.2% |
| Amounts payable within one year | 42/48 | €23,374 | €28,457 | +€5,083 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €11,732 | €12,030 | +€298 | +2.5% |
| Financial debts | 43 | €2,812 | €0 | -€2,812 | -100.0% |
| Other loans | 439 | €2,812 | €0 | -€2,812 | -100.0% |
| Trade debts | 44 | €694 | €510 | -€183 | -26.4% |
| Suppliers | 440/4 | €694 | €510 | -€183 | -26.4% |
| Taxes, remuneration and social security | 45 | €7,024 | €15,331 | +€8,308 | +118.3% |
| Taxes | 450/3 | €3,024 | €6,331 | +€3,308 | +109.4% |
| Remuneration and social security | 454/9 | €4,000 | €9,000 | +€5,000 | +125.0% |
| Other amounts payable | 47/48 | €1,113 | €585 | -€528 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,914 | €1,549 | -€13,365 | -89.6% |
| Other operating charges | 640/8 | €969 | €1,305 | +€336 | +34.7% |
| Non-recurring operating charges | 66A | - | €4,400 | +€4,400 | |
| Gross operating margin | 9900 | €4,858 | €3,713 | -€1,144 | -23.6% |
| Operating profit (loss) | 9901 | -€11,025 | -€3,540 | +€7,485 | +67.9% |
| Financial income | 75/76B | €2 | €12 | +€10 | +543.5% |
| Recurring financial income | 75 | €2 | €12 | +€10 | +543.5% |
| Financial charges | 65/66B | €1,421 | €1,155 | -€266 | -18.7% |
| Recurring financial charges | 65 | €1,421 | €1,155 | -€266 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,444 | -€4,684 | +€7,761 | +62.4% |
| Income taxes | 67/77 | €244 | -€1,379 | -€1,624 | |
| Profit (loss) for the period | 9904 | -€12,689 | -€3,304 | +€9,385 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,689 | -€3,304 | +€9,385 | +74.0% |
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 3 October 2026 via checked.be.