JWL Group: 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.
JWL Group
Largest movements
- Receivables within one year +€24,151
up €24,151 (+964.4%), from €2,504 to €26,655
of which Trade receivables: +€17,679
- Tangible fixed assets +€4,075
up €4,075 (+10.2%), from €39,849 to €43,924
of which Plant, machinery and equipment: +€2,087
- Cash -€3,429
down €3,429 (-79.7%), from €4,304 to €875
mainly Investment in fixed assets (net) (-€34,341) and Receivables within one year (-€24,151)
- Deferred charges and accrued income +€2,250
up €2,250 (+89.0%), from €2,529 to €4,779
- Other debts +€9,073
up €9,073 (+670.1%), from €1,354 to €10,427
- Reserves +€7,714
up €7,714 (+38.4%), from €20,087 to €27,801
- Debts after one year +€5,918
up €5,918 (+47.9%), from €12,356 to €18,274
- Current portion of long-term debt +€3,874
up €3,874 (+47.9%), from €8,091 to €11,964
- Tax, wage and social debts +€3,250
up €3,250 (+250.0%), from €1,300 to €4,550
of which Remuneration and social security: +€1,900
- Gross operating margin +€51,044
up €51,044 (+333.4%), from €15,309 to €66,353
- Taxes +€6,515
new in 2025: €6,515
- Depreciation +€2,461
up €2,461 (+8.9%), from €27,805 to €30,266
- Financial charges +€672
up €672 (+133.8%), from €502 to €1,175
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 | €49,186 | €76,233 | +€27,047 | +55.0% |
| Fixed assets | 21/28 | €39,849 | €43,924 | +€4,075 | +10.2% |
| Tangible fixed assets | 22/27 | €39,849 | €43,924 | +€4,075 | +10.2% |
| Plant, machinery and equipment | 23 | €23,596 | €25,684 | +€2,087 | +8.8% |
| Furniture and vehicles | 24 | €16,252 | €18,240 | +€1,988 | +12.2% |
| Current assets | 29/58 | €9,337 | €32,309 | +€22,972 | +246.0% |
| Amounts receivable within one year | 40/41 | €2,504 | €26,655 | +€24,151 | +964.4% |
| Trade receivables | 40 | €583 | €18,262 | +€17,679 | +3032.3% |
| Other amounts receivable | 41 | €1,921 | €8,394 | +€6,473 | +336.9% |
| Cash at bank and in hand | 54/58 | €4,304 | €875 | -€3,429 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,529 | €4,779 | +€2,250 | +89.0% |
| Total equity and liabilities | 10/49 | €49,186 | €76,233 | +€27,047 | +55.0% |
| Equity | 10/15 | €22,587 | €30,301 | +€7,714 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,087 | €27,801 | +€7,714 | +38.4% |
| Distributable reserves | 133 | €20,087 | €27,801 | +€7,714 | +38.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,599 | €45,932 | +€19,333 | +72.7% |
| Amounts payable after more than one year | 17 | €12,356 | €18,274 | +€5,918 | +47.9% |
| Financial debts | 170/4 | €12,356 | €18,274 | +€5,918 | +47.9% |
| Amounts payable within one year | 42/48 | €13,642 | €27,057 | +€13,415 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €8,091 | €11,964 | +€3,874 | +47.9% |
| Trade debts | 44 | €2,898 | €116 | -€2,782 | -96.0% |
| Suppliers | 440/4 | €2,898 | €116 | -€2,782 | -96.0% |
| Taxes, remuneration and social security | 45 | €1,300 | €4,550 | +€3,250 | +250.0% |
| Taxes | 450/3 | €1,200 | €2,550 | +€1,350 | +112.5% |
| Remuneration and social security | 454/9 | €100 | €2,000 | +€1,900 | +1900.0% |
| Other amounts payable | 47/48 | €1,354 | €10,427 | +€9,073 | +670.1% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,805 | €30,266 | +€2,461 | +8.9% |
| Other operating charges | 640/8 | €809 | €1,041 | +€232 | +28.6% |
| Gross operating margin | 9900 | €15,309 | €66,353 | +€51,044 | +333.4% |
| Operating profit (loss) | 9901 | -€13,305 | €35,047 | +€48,351 | |
| Financial income | 75/76B | €2 | €358 | +€356 | +21195.8% |
| Recurring financial income | 75 | €2 | €358 | +€356 | +21195.8% |
| Financial charges | 65/66B | €502 | €1,175 | +€672 | +133.8% |
| Recurring financial charges | 65 | €502 | €1,175 | +€672 | +133.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,805 | €34,230 | +€48,035 | |
| Income taxes | 67/77 | - | €6,515 | +€6,515 | |
| Profit (loss) for the period | 9904 | -€13,805 | €27,714 | +€41,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,805 | €27,714 | +€41,519 |
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 11 October 2026 via checked.be.