JWMC: 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.
JWMC
Largest movements
- Receivables within one year -€1.6m
down €1.6m (-25.7%), from €6.3m to €4.7m
of which Other amounts receivable: -€1.7m
- Receivables after one year +€934,793
new in 2024: €934,793
- Current investments +€846,353
new in 2024: €846,353
- Cash -€666,037
down €666,037 (-63.1%), from €1.1m to €389,604
mainly Other debts (-€1.0m) and Receivables after one year (-€934,793)
- Tangible fixed assets -€233,283
down €233,283 (-23.5%), from €994,498 to €761,215
of which Land and buildings: -€228,455
- Other debts -€1.0m
no longer reported in 2024 (was €1.0m)
- Profit (loss) carried forward +€322,754
up €322,754 (+4.1%), from €7.8m to €8.1m
- Financial income +€259,181
up €259,181 (+1965.4%), from €13,187 to €272,368
- Gross operating margin +€63,057
up €63,057 (+97.0%), from €64,985 to €128,042
- Taxes +€25,987
up €25,987 (+598.1%), from €4,345 to €30,332
- Depreciation -€16,959
down €16,959 (-30.8%), from €55,052 to €38,093
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,157,243 | €8,415,849 | -€741,394 | -8.1% |
| Fixed assets | 21/28 | €1,762,820 | €1,529,537 | -€233,283 | -13.2% |
| Tangible fixed assets | 22/27 | €994,498 | €761,215 | -€233,283 | -23.5% |
| Land and buildings | 22 | €969,268 | €740,813 | -€228,455 | -23.6% |
| Plant, machinery and equipment | 23 | €21,200 | €15,900 | -€5,300 | -25.0% |
| Furniture and vehicles | 24 | €4,030 | €4,502 | +€472 | +11.7% |
| Financial fixed assets | 28 | €768,322 | €768,322 | = | 0.0% |
| Current assets | 29/58 | €7,394,423 | €6,886,312 | -€508,111 | -6.9% |
| Amounts receivable after more than one year | 29 | - | €934,793 | +€934,793 | |
| Other amounts receivable | 291 | - | €934,793 | +€934,793 | |
| Amounts receivable within one year | 40/41 | €6,338,782 | €4,712,823 | -€1.6m | -25.7% |
| Trade receivables | 40 | €134,744 | €173,299 | +€38,555 | +28.6% |
| Other amounts receivable | 41 | €6,204,038 | €4,539,524 | -€1.7m | -26.8% |
| Current investments | 50/53 | - | €846,353 | +€846,353 | |
| Cash at bank and in hand | 54/58 | €1,055,641 | €389,604 | -€666,037 | -63.1% |
| Deferred charges and accrued income | 490/1 | - | €2,739 | +€2,739 | |
| Total equity and liabilities | 10/49 | €9,157,243 | €8,415,849 | -€741,394 | -8.1% |
| Equity | 10/15 | €8,048,044 | €8,370,798 | +€322,754 | +4.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €61,500 | - | -€61,500 | |
| Other | 1109/19 | €61,500 | - | -€61,500 | |
| Reserves | 13 | €204,900 | €204,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186,150 | €186,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186,150 | €186,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,781,644 | €8,104,398 | +€322,754 | +4.1% |
| Amounts payable | 17/49 | €1,109,199 | €45,051 | -€1.1m | -95.9% |
| Amounts payable within one year | 42/48 | €1,105,735 | €42,025 | -€1.1m | -96.2% |
| Trade debts | 44 | €13,326 | €10,960 | -€2,366 | -17.8% |
| Suppliers | 440/4 | €13,326 | €10,960 | -€2,366 | -17.8% |
| Taxes, remuneration and social security | 45 | €60,314 | €31,065 | -€29,249 | -48.5% |
| Taxes | 450/3 | €60,314 | €31,065 | -€29,249 | -48.5% |
| Other amounts payable | 47/48 | €1,032,095 | - | -€1.0m | |
| Accrued charges and deferred income | 492/3 | €3,464 | €3,026 | -€438 | -12.6% |
| Remuneration, social security and pensions | 62 | - | €321 | +€321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,052 | €38,093 | -€16,959 | -30.8% |
| Other operating charges | 640/8 | €7,241 | €6,623 | -€618 | -8.5% |
| Gross operating margin | 9900 | €64,985 | €128,042 | +€63,057 | +97.0% |
| Operating profit (loss) | 9901 | €2,692 | €83,005 | +€80,313 | +2983.4% |
| Financial income | 75/76B | €13,187 | €272,368 | +€259,181 | +1965.4% |
| Recurring financial income | 75 | €13,187 | €272,368 | +€259,181 | +1965.4% |
| Financial charges | 65/66B | €2,162 | €2,287 | +€125 | +5.8% |
| Recurring financial charges | 65 | €2,162 | €2,287 | +€125 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €13,717 | €353,086 | +€339,369 | +2474.1% |
| Income taxes | 67/77 | €4,345 | €30,332 | +€25,987 | +598.1% |
| Profit (loss) for the period | 9904 | €9,372 | €322,754 | +€313,382 | +3343.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,372 | €322,754 | +€313,382 | +3343.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.