JWM: 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.
JWM
Largest movements
- Receivables within one year -€16,536
down €16,536 (-13.0%), from €127,488 to €110,952
of which Trade receivables: -€18,815
- Deferred charges and accrued income +€11,995
up €11,995 (+1027.3%), from €1,168 to €13,163
- Cash -€5,861
down €5,861 (-68.7%), from €8,535 to €2,675
mainly Accrued charges and deferred income (-€18,000) and Deferred charges and accrued income (-€11,995)
- Tangible fixed assets -€2,150
down €2,150 (-35.5%), from €6,051 to €3,900
- Accrued charges and deferred income -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Other debts +€12,507
up €12,507, from €0 to €12,507
- Trade debts -€7,441
down €7,441 (-100.0%), from €7,441 to €0
- Gross operating margin -€17,544
down €17,544 (-59.8%), from €29,342 to €11,799
- Taxes -€3,728
down €3,728 (-59.7%), from €6,250 to €2,521
- Other operating charges +€2,379
up €2,379 (+247.1%), from €963 to €3,342
- Financial charges +€425
up €425 (+13.6%), from €3,117 to €3,541
- Depreciation +€326
up €326 (+17.9%), from €1,824 to €2,150
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 | €143,242 | €130,690 | -€12,552 | -8.8% |
| Fixed assets | 21/28 | €6,051 | €3,900 | -€2,150 | -35.5% |
| Tangible fixed assets | 22/27 | €6,051 | €3,900 | -€2,150 | -35.5% |
| Furniture and vehicles | 24 | €6,051 | €3,900 | -€2,150 | -35.5% |
| Current assets | 29/58 | €137,191 | €126,790 | -€10,401 | -7.6% |
| Amounts receivable within one year | 40/41 | €127,488 | €110,952 | -€16,536 | -13.0% |
| Trade receivables | 40 | €113,830 | €95,015 | -€18,815 | -16.5% |
| Other amounts receivable | 41 | €13,658 | €15,937 | +€2,279 | +16.7% |
| Cash at bank and in hand | 54/58 | €8,535 | €2,675 | -€5,861 | -68.7% |
| Deferred charges and accrued income | 490/1 | €1,168 | €13,163 | +€11,995 | +1027.3% |
| Total equity and liabilities | 10/49 | €143,242 | €130,690 | -€12,552 | -8.8% |
| Equity | 10/15 | €115,673 | €115,917 | +€243 | +0.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €115,173 | €115,417 | +€243 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €115,173 | €115,417 | +€243 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,568 | €14,773 | -€12,795 | -46.4% |
| Amounts payable within one year | 42/48 | €9,568 | €14,773 | +€5,205 | +54.4% |
| Trade debts | 44 | €7,441 | €0 | -€7,441 | -100.0% |
| Suppliers | 440/4 | €7,441 | €0 | -€7,441 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,128 | €2,266 | +€139 | +6.5% |
| Taxes | 450/3 | €2,128 | €2,266 | +€139 | +6.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €12,507 | +€12,507 | |
| Accrued charges and deferred income | 492/3 | €18,000 | €0 | -€18,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,824 | €2,150 | +€326 | +17.9% |
| Other operating charges | 640/8 | €963 | €3,342 | +€2,379 | +247.1% |
| Non-recurring operating charges | 66A | €394 | €0 | -€394 | -100.0% |
| Gross operating margin | 9900 | €29,342 | €11,799 | -€17,544 | -59.8% |
| Operating profit (loss) | 9901 | €26,161 | €6,306 | -€19,855 | -75.9% |
| Financial income | 75/76B | €113 | €0 | -€113 | -100.0% |
| Recurring financial income | 75 | €113 | €0 | -€113 | -100.0% |
| Financial charges | 65/66B | €3,117 | €3,541 | +€425 | +13.6% |
| Recurring financial charges | 65 | €3,117 | €3,541 | +€425 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €23,158 | €2,765 | -€20,393 | -88.1% |
| Income taxes | 67/77 | €6,250 | €2,521 | -€3,728 | -59.7% |
| Profit (loss) for the period | 9904 | €16,908 | €243 | -€16,665 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,908 | €243 | -€16,665 | -98.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.