JWHM: 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.
JWHM
Largest movements
- Tangible fixed assets -€15,915
down €15,915 (-4.5%), from €355,735 to €339,820
of which Land and buildings: -€13,652
- Debts after one year -€23,999
down €23,999 (-16.0%), from €149,592 to €125,593
- Profit (loss) carried forward +€5,391
up €5,391 (+31.4%), from €17,195 to €22,586
- Gross operating margin -€385
down €385 (-1.3%), from €28,872 to €28,487
- Financial charges -€292
down €292 (-8.9%), from €3,283 to €2,991
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 | €358,944 | €342,327 | -€16,617 | -4.6% |
| Fixed assets | 21/28 | €355,735 | €339,820 | -€15,915 | -4.5% |
| Tangible fixed assets | 22/27 | €355,735 | €339,820 | -€15,915 | -4.5% |
| Land and buildings | 22 | €345,405 | €331,754 | -€13,652 | -4.0% |
| Plant, machinery and equipment | 23 | €10,329 | €8,066 | -€2,264 | -21.9% |
| Current assets | 29/58 | €3,209 | €2,507 | -€701 | -21.9% |
| Cash at bank and in hand | 54/58 | €3,209 | €2,507 | -€701 | -21.9% |
| Total equity and liabilities | 10/49 | €358,944 | €342,327 | -€16,617 | -4.6% |
| Equity | 10/15 | €89,195 | €94,586 | +€5,391 | +6.0% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,195 | €22,586 | +€5,391 | +31.4% |
| Amounts payable | 17/49 | €269,749 | €247,741 | -€22,008 | -8.2% |
| Amounts payable after more than one year | 17 | €149,592 | €125,593 | -€23,999 | -16.0% |
| Financial debts | 170/4 | €149,592 | €125,593 | -€23,999 | -16.0% |
| Amounts payable within one year | 42/48 | €120,157 | €122,148 | +€1,991 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €23,639 | €23,999 | +€360 | +1.5% |
| Trade debts | 44 | €387 | €2,031 | +€1,644 | +424.4% |
| Suppliers | 440/4 | €387 | €2,031 | +€1,644 | +424.4% |
| Taxes, remuneration and social security | 45 | €4,230 | €4,015 | -€215 | -5.1% |
| Taxes | 450/3 | €4,230 | €4,015 | -€215 | -5.1% |
| Other amounts payable | 47/48 | €91,900 | €92,103 | +€202 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,915 | €15,915 | = | 0.0% |
| Other operating charges | 640/8 | €2,151 | €2,218 | +€67 | +3.1% |
| Gross operating margin | 9900 | €28,872 | €28,487 | -€385 | -1.3% |
| Operating profit (loss) | 9901 | €10,806 | €10,354 | -€452 | -4.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,283 | €2,991 | -€292 | -8.9% |
| Recurring financial charges | 65 | €3,283 | €2,991 | -€292 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €7,523 | €7,363 | -€160 | -2.1% |
| Income taxes | 67/77 | €2,050 | €1,972 | -€78 | -3.8% |
| Profit (loss) for the period | 9904 | €5,473 | €5,391 | -€82 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,473 | €5,391 | -€82 | -1.5% |
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 10 October 2026 via checked.be.