JWM42: 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.
JWM42
Largest movements
- Cash +€7,573
up €7,573 (+22.8%), from €33,235 to €40,809
mainly Net result for the year (+€14,328) and Depreciation (+€1,921)
- Tangible fixed assets +€3,059
up €3,059 (+107%), from €2,869 to €5,928
of which Furniture and vehicles: +€4,930
- Reserves +€14,328
up €14,328 (+16.9%), from €85,000 to €99,327
- Trade debts -€2,414
down €2,414 (-91.3%), from €2,645 to €231
- Tax, wage and social debts -€1,579
down €1,579 (-24.2%), from €6,530 to €4,951
- Gross operating margin -€30,362
down €30,362 (-59.0%), from €51,475 to €21,114
- Taxes -€6,378
down €6,378 (-60.7%), from €10,506 to €4,128
- Financial income -€931
down €931 (-44.0%), from €2,117 to €1,186
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 | €97,175 | €107,510 | +€10,335 | +10.6% |
| Fixed assets | 21/28 | €2,869 | €5,928 | +€3,059 | +107% |
| Tangible fixed assets | 22/27 | €2,869 | €5,928 | +€3,059 | +107% |
| Land and buildings | 22 | €1,090 | €479 | -€611 | -56.1% |
| Plant, machinery and equipment | 23 | €1,779 | €520 | -€1,259 | -70.8% |
| Furniture and vehicles | 24 | - | €4,930 | +€4,930 | |
| Current assets | 29/58 | €94,306 | €101,581 | +€7,276 | +7.7% |
| Amounts receivable within one year | 40/41 | €61,070 | €60,773 | -€298 | -0.5% |
| Trade receivables | 40 | €13,558 | €37,495 | +€23,937 | +177% |
| Other amounts receivable | 41 | €47,513 | €23,278 | -€24,235 | -51.0% |
| Cash at bank and in hand | 54/58 | €33,235 | €40,809 | +€7,573 | +22.8% |
| Total equity and liabilities | 10/49 | €97,175 | €107,510 | +€10,335 | +10.6% |
| Equity | 10/15 | €88,000 | €102,327 | +€14,328 | +16.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €99,327 | +€14,328 | +16.9% |
| Distributable reserves | 133 | €85,000 | €99,327 | +€14,328 | +16.9% |
| Amounts payable | 17/49 | €9,175 | €5,182 | -€3,993 | -43.5% |
| Amounts payable within one year | 42/48 | €9,175 | €5,182 | -€3,993 | -43.5% |
| Trade debts | 44 | €2,645 | €231 | -€2,414 | -91.3% |
| Suppliers | 440/4 | €2,645 | €231 | -€2,414 | -91.3% |
| Taxes, remuneration and social security | 45 | €6,530 | €4,951 | -€1,579 | -24.2% |
| Taxes | 450/3 | €6,530 | €4,951 | -€1,579 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €1,921 | +€54 | +2.9% |
| Other operating charges | 640/8 | €1,377 | €1,064 | -€314 | -22.8% |
| Gross operating margin | 9900 | €51,475 | €21,114 | -€30,362 | -59.0% |
| Operating profit (loss) | 9901 | €48,232 | €18,129 | -€30,102 | -62.4% |
| Financial income | 75/76B | €2,117 | €1,186 | -€931 | -44.0% |
| Recurring financial income | 75 | €2,117 | €1,186 | -€931 | -44.0% |
| Financial charges | 65/66B | €890 | €860 | -€30 | -3.4% |
| Recurring financial charges | 65 | €890 | €860 | -€30 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €49,459 | €18,456 | -€31,003 | -62.7% |
| Income taxes | 67/77 | €10,506 | €4,128 | -€6,378 | -60.7% |
| Profit (loss) for the period | 9904 | €38,953 | €14,328 | -€24,625 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,953 | €14,328 | -€24,625 | -63.2% |
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.