Jwise: 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.
Jwise
Largest movements
- Receivables within one year +€23,930
up €23,930 (+45.7%), from €52,313 to €76,243
of which Trade receivables: +€20,512
- Cash -€16,330
down €16,330 (-6.8%), from €240,365 to €224,035
mainly Receivables within one year (-€23,930) and Contributions, distributions and other (-€23,900)
- Current investments +€9,928
up €9,928 (+66.4%), from €14,949 to €24,876
- Reserves +€18,016
up €18,016 (+7.0%), from €258,277 to €276,293
of which Distributable reserves: +€19,876
- Gross operating margin -€13,350
down €13,350 (-17.1%), from €77,873 to €64,523
- Taxes -€2,726
down €2,726 (-12.4%), from €21,942 to €19,216
- Depreciation -€1,668
down €1,668 (-29.1%), from €5,727 to €4,059
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 | €320,086 | €334,462 | +€14,376 | +4.5% |
| Fixed assets | 21/28 | €7,881 | €4,808 | -€3,073 | -39.0% |
| Tangible fixed assets | 22/27 | €7,881 | €4,808 | -€3,073 | -39.0% |
| Land and buildings | 22 | €1,344 | €601 | -€743 | -55.3% |
| Plant, machinery and equipment | 23 | €1,692 | €1,541 | -€151 | -8.9% |
| Furniture and vehicles | 24 | €4,845 | €2,666 | -€2,179 | -45.0% |
| Current assets | 29/58 | €312,205 | €329,654 | +€17,449 | +5.6% |
| Amounts receivable within one year | 40/41 | €52,313 | €76,243 | +€23,930 | +45.7% |
| Trade receivables | 40 | €32,844 | €53,356 | +€20,512 | +62.5% |
| Other amounts receivable | 41 | €19,469 | €22,887 | +€3,418 | +17.6% |
| Current investments | 50/53 | €14,949 | €24,876 | +€9,928 | +66.4% |
| Cash at bank and in hand | 54/58 | €240,365 | €224,035 | -€16,330 | -6.8% |
| Deferred charges and accrued income | 490/1 | €4,578 | €4,500 | -€78 | -1.7% |
| Total equity and liabilities | 10/49 | €320,086 | €334,462 | +€14,376 | +4.5% |
| Equity | 10/15 | €266,786 | €284,802 | +€18,016 | +6.8% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €258,277 | €276,293 | +€18,016 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €256,417 | €276,293 | +€19,876 | +7.8% |
| Profit (loss) carried forward | 14 | €9 | €9 | = | 0.0% |
| Provisions and deferred taxes | 16 | €34,000 | €34,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,000 | €34,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €34,000 | €34,000 | = | 0.0% |
| Amounts payable | 17/49 | €19,300 | €15,660 | -€3,640 | -18.9% |
| Amounts payable within one year | 42/48 | €19,300 | €15,660 | -€3,640 | -18.9% |
| Trade debts | 44 | €6,505 | €3,592 | -€2,913 | -44.8% |
| Suppliers | 440/4 | €6,505 | €3,592 | -€2,913 | -44.8% |
| Taxes, remuneration and social security | 45 | €12,795 | €10,402 | -€2,393 | -18.7% |
| Taxes | 450/3 | €12,795 | €10,402 | -€2,393 | -18.7% |
| Other amounts payable | 47/48 | €0 | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,727 | €4,059 | -€1,668 | -29.1% |
| Other operating charges | 640/8 | €2,747 | €3,002 | +€255 | +9.3% |
| Gross operating margin | 9900 | €77,873 | €64,523 | -€13,350 | -17.1% |
| Operating profit (loss) | 9901 | €69,400 | €57,463 | -€11,937 | -17.2% |
| Financial income | 75/76B | €4,108 | €3,823 | -€285 | -6.9% |
| Recurring financial income | 75 | €4,108 | €3,823 | -€285 | -6.9% |
| Financial charges | 65/66B | €128 | €153 | +€25 | +19.5% |
| Recurring financial charges | 65 | €128 | €153 | +€25 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €73,380 | €61,133 | -€12,247 | -16.7% |
| Income taxes | 67/77 | €21,942 | €19,216 | -€2,726 | -12.4% |
| Profit (loss) for the period | 9904 | €51,438 | €41,916 | -€9,521 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,438 | €41,916 | -€9,521 | -18.5% |
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 18 October 2026 via checked.be.