JWI: 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.
JWI
Largest movements
- Current investments +€122,464
up €122,464 (+38.9%), from €314,899 to €437,363
- Tangible fixed assets +€36,038
up €36,038 (+14.9%), from €241,862 to €277,900
of which Furniture and vehicles: +€44,297
- Receivables within one year -€9,692
down €9,692 (-45.9%), from €21,102 to €11,410
of which Trade receivables: -€7,178
- Reserves +€69,916
up €69,916 (+12.6%), from €552,959 to €622,875
- Tax, wage and social debts +€52,148
up €52,148 (+384%), from €13,579 to €65,727
of which Taxes: +€42,034
- Debts after one year +€26,038
new in 2025: €26,038
- Financial income +€164,932
up €164,932 (+2,907%), from €5,674 to €170,607
- Purchases and services +€142,589
new in 2025: €142,589
- Turnover +€100,013
new in 2025: €100,013
- Gross operating margin -€49,593
down €49,593, from €31,897 to -€17,696
- Taxes +€37,357
up €37,357 (+555%), from €6,737 to €44,094
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 | €587,616 | €738,730 | +€151,114 | +25.7% |
| Fixed assets | 21/28 | €246,479 | €282,517 | +€36,038 | +14.6% |
| Tangible fixed assets | 22/27 | €241,862 | €277,900 | +€36,038 | +14.9% |
| Land and buildings | 22 | €241,759 | €231,479 | -€10,280 | -4.3% |
| Plant, machinery and equipment | 23 | - | €2,021 | +€2,021 | |
| Furniture and vehicles | 24 | €103 | €44,400 | +€44,297 | +42,836% |
| Financial fixed assets | 28 | €4,617 | €4,617 | = | 0.0% |
| Current assets | 29/58 | €341,137 | €456,212 | +€115,076 | +33.7% |
| Amounts receivable within one year | 40/41 | €21,102 | €11,410 | -€9,692 | -45.9% |
| Trade receivables | 40 | €14,023 | €6,845 | -€7,178 | -51.2% |
| Other amounts receivable | 41 | €7,080 | €4,565 | -€2,514 | -35.5% |
| Current investments | 50/53 | €314,899 | €437,363 | +€122,464 | +38.9% |
| Cash at bank and in hand | 54/58 | €3,343 | €5,314 | +€1,971 | +59.0% |
| Deferred charges and accrued income | 490/1 | €1,793 | €2,125 | +€333 | +18.6% |
| Total equity and liabilities | 10/49 | €587,616 | €738,730 | +€151,114 | +25.7% |
| Equity | 10/15 | €559,209 | €629,125 | +€69,916 | +12.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €552,959 | €622,875 | +€69,916 | +12.6% |
| Distributable reserves | 133 | €552,959 | €622,875 | +€69,916 | +12.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,407 | €109,605 | +€81,198 | +286% |
| Amounts payable after more than one year | 17 | - | €26,038 | +€26,038 | |
| Financial debts | 170/4 | - | €26,038 | +€26,038 | |
| Amounts payable within one year | 42/48 | €28,407 | €83,437 | +€55,030 | +194% |
| Current portion of amounts payable after more than one year | 42 | €11,652 | €6,764 | -€4,888 | -42.0% |
| Trade debts | 44 | €458 | €4,444 | +€3,986 | +871% |
| Suppliers | 440/4 | €458 | €4,444 | +€3,986 | +871% |
| Taxes, remuneration and social security | 45 | €13,579 | €65,727 | +€52,148 | +384% |
| Taxes | 450/3 | €610 | €42,645 | +€42,034 | +6,888% |
| Remuneration and social security | 454/9 | €12,968 | €23,082 | +€10,114 | +78.0% |
| Other amounts payable | 47/48 | €2,719 | €6,503 | +€3,784 | +139% |
| Accrued charges and deferred income | 492/3 | - | €130 | +€130 | |
| Turnover | 70 | - | €100,013 | +€100,013 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €142,589 | +€142,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,482 | €20,373 | +€7,891 | +63.2% |
| Other operating charges | 640/8 | €1,365 | €1,151 | -€214 | -15.7% |
| Gross operating margin | 9900 | €31,897 | -€17,696 | -€49,593 | |
| Operating profit (loss) | 9901 | €18,050 | -€39,221 | -€57,271 | |
| Financial income | 75/76B | €5,674 | €170,607 | +€164,932 | +2,907% |
| Recurring financial income | 75 | €5,674 | €170,607 | +€164,932 | +2,907% |
| Financial charges | 65/66B | €1,185 | €1,186 | +€2 | +0.1% |
| Recurring financial charges | 65 | €1,185 | €1,186 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €22,540 | €130,200 | +€107,660 | +478% |
| Income taxes | 67/77 | €6,737 | €44,094 | +€37,357 | +555% |
| Profit (loss) for the period | 9904 | €15,803 | €86,106 | +€70,303 | +445% |
| Profit (loss) for the period to be appropriated | 9905 | €15,803 | €86,106 | +€70,303 | +445% |
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 14 October 2026 via checked.be.