JWL: 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.
JWL
Largest movements
- Receivables within one year -€23,079
down €23,079 (-48.7%), from €47,347 to €24,268
of which Other amounts receivable: -€35,179
- Tangible fixed assets +€21,992
up €21,992 (+221.8%), from €9,915 to €31,907
- Cash +€10,690
up €10,690 (+31.4%), from €34,062 to €44,753
mainly Receivables within one year (+€23,079) and Net result for the year (+€10,688)
- Profit (loss) carried forward +€10,688
up €10,688 (+18.4%), from €58,117 to €68,805
- Accrued charges and deferred income -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Trade debts +€8,569
up €8,569 (+495.8%), from €1,728 to €10,297
- Gross operating margin -€19,089
down €19,089 (-52.3%), from €36,473 to €17,384
- Taxes -€4,533
down €4,533 (-53.1%), from €8,539 to €4,007
- Depreciation +€2,748
up €2,748 (+3244.5%), from €85 to €2,833
- Other operating charges +€552
up €552 (+889.9%), from €62 to €614
- Financial charges +€440
up €440 (+100.6%), from €437 to €876
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 | €92,428 | €102,026 | +€9,598 | +10.4% |
| Fixed assets | 21/28 | €9,915 | €31,907 | +€21,992 | +221.8% |
| Tangible fixed assets | 22/27 | €9,915 | €31,907 | +€21,992 | +221.8% |
| Plant, machinery and equipment | 23 | - | €5,140 | +€5,140 | |
| Furniture and vehicles | 24 | - | €9,159 | +€9,159 | |
| Other tangible fixed assets | 26 | €9,915 | €17,608 | +€7,692 | +77.6% |
| Current assets | 29/58 | €82,512 | €70,118 | -€12,394 | -15.0% |
| Amounts receivable within one year | 40/41 | €47,347 | €24,268 | -€23,079 | -48.7% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €47,347 | €12,168 | -€35,179 | -74.3% |
| Cash at bank and in hand | 54/58 | €34,062 | €44,753 | +€10,690 | +31.4% |
| Deferred charges and accrued income | 490/1 | €1,103 | €1,098 | -€5 | -0.5% |
| Total equity and liabilities | 10/49 | €92,428 | €102,026 | +€9,598 | +10.4% |
| Equity | 10/15 | €60,117 | €70,805 | +€10,688 | +17.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,117 | €68,805 | +€10,688 | +18.4% |
| Amounts payable | 17/49 | €32,311 | €31,221 | -€1,090 | -3.4% |
| Amounts payable within one year | 42/48 | €22,311 | €31,221 | +€8,910 | +39.9% |
| Trade debts | 44 | €1,728 | €10,297 | +€8,569 | +495.8% |
| Suppliers | 440/4 | €1,728 | €10,297 | +€8,569 | +495.8% |
| Taxes, remuneration and social security | 45 | €20,583 | €20,924 | +€341 | +1.7% |
| Taxes | 450/3 | €20,583 | €20,924 | +€341 | +1.7% |
| Accrued charges and deferred income | 492/3 | €10,000 | €0 | -€10,000 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €2,833 | +€2,748 | +3244.5% |
| Other operating charges | 640/8 | €62 | €614 | +€552 | +889.9% |
| Gross operating margin | 9900 | €36,473 | €17,384 | -€19,089 | -52.3% |
| Operating profit (loss) | 9901 | €36,327 | €13,937 | -€22,389 | -61.6% |
| Financial income | 75/76B | €1,731 | €1,634 | -€97 | -5.6% |
| Recurring financial income | 75 | €1,731 | €1,634 | -€97 | -5.6% |
| Financial charges | 65/66B | €437 | €876 | +€440 | +100.6% |
| Recurring financial charges | 65 | €437 | €876 | +€440 | +100.6% |
| Profit (loss) for the period before taxes | 9903 | €37,620 | €14,695 | -€22,926 | -60.9% |
| Income taxes | 67/77 | €8,539 | €4,007 | -€4,533 | -53.1% |
| Profit (loss) for the period | 9904 | €29,081 | €10,688 | -€18,393 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,081 | €10,688 | -€18,393 | -63.2% |
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 8 October 2026 via checked.be.