JW&T: 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&T
Largest movements
- Cash -€10,565
down €10,565 (-95.5%), from €11,060 to €495
mainly Net result for the year (-€14,538) and Trade debts (-€4,984)
- Receivables within one year -€6,918
down €6,918 (-53.4%), from €12,946 to €6,028
of which Trade receivables: -€7,256
- Intangible fixed assets -€444
down €444 (-80.7%), from €550 to €106
- Deferred charges and accrued income -€317
down €317 (-80.0%), from €396 to €79
- Profit (loss) carried forward -€14,538
down €14,538 (-1,887%), from -€770 to -€15,308
- Trade debts -€4,984
down €4,984 (-84.1%), from €5,925 to €941
- Other debts +€2,345
up €2,345 (+17.3%), from €13,590 to €15,935
- Tax, wage and social debts -€1,067
down €1,067 (-88.3%), from €1,207 to €141
- Gross operating margin -€12,370
down €12,370 (-5,807%), from -€213 to -€12,583
- Financial charges -€172
down €172 (-19.9%), from €865 to €692
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 | €24,952 | €6,708 | -€18,243 | -73.1% |
| Fixed assets | 21/28 | €550 | €106 | -€444 | -80.7% |
| Intangible fixed assets | 21 | €550 | €106 | -€444 | -80.7% |
| Current assets | 29/58 | €24,402 | €6,602 | -€17,800 | -72.9% |
| Amounts receivable within one year | 40/41 | €12,946 | €6,028 | -€6,918 | -53.4% |
| Trade receivables | 40 | €12,946 | €5,690 | -€7,256 | -56.0% |
| Other amounts receivable | 41 | €0 | €338 | +€338 | |
| Cash at bank and in hand | 54/58 | €11,060 | €495 | -€10,565 | -95.5% |
| Deferred charges and accrued income | 490/1 | €396 | €79 | -€317 | -80.0% |
| Total equity and liabilities | 10/49 | €24,952 | €6,708 | -€18,243 | -73.1% |
| Equity | 10/15 | €4,230 | -€10,308 | -€14,538 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€770 | -€15,308 | -€14,538 | -1,887% |
| Amounts payable | 17/49 | €20,722 | €17,017 | -€3,706 | -17.9% |
| Amounts payable within one year | 42/48 | €20,722 | €17,017 | -€3,706 | -17.9% |
| Trade debts | 44 | €5,925 | €941 | -€4,984 | -84.1% |
| Suppliers | 440/4 | €5,925 | €941 | -€4,984 | -84.1% |
| Taxes, remuneration and social security | 45 | €1,207 | €141 | -€1,067 | -88.3% |
| Taxes | 450/3 | €1,207 | €141 | -€1,067 | -88.3% |
| Other amounts payable | 47/48 | €13,590 | €15,935 | +€2,345 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €444 | +€39 | +9.6% |
| Other operating charges | 640/8 | €687 | €678 | -€9 | -1.4% |
| Gross operating margin | 9900 | -€213 | -€12,583 | -€12,370 | -5,807% |
| Operating profit (loss) | 9901 | -€1,305 | -€13,705 | -€12,399 | -950% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €865 | €692 | -€172 | -19.9% |
| Recurring financial charges | 65 | €865 | €692 | -€172 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,169 | -€14,397 | -€12,228 | -564% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€2,308 | -€14,538 | -€12,229 | -530% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,308 | -€14,538 | -€12,229 | -530% |
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 16 October 2026 via checked.be.