JWORKS: 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.
JWORKS
Largest movements
- Cash -€74,148
down €74,148 (-59.4%), from €124,729 to €50,581
mainly Contributions, distributions and other (-€47,769) and Other debts (-€47,032)
- Receivables within one year -€26,342
down €26,342 (-34.7%), from €75,921 to €49,579
of which Trade receivables: -€31,211
- Tangible fixed assets +€8,974
up €8,974 (+4.3%), from €209,867 to €218,841
of which Land and buildings: +€15,294
- Other debts -€47,032
down €47,032 (-46.2%), from €101,870 to €54,838
- Tax, wage and social debts -€25,769
down €25,769 (-53.3%), from €48,331 to €22,562
of which Remuneration and social security: -€16,688
- Debts after one year -€15,644
down €15,644 (-12.8%), from €121,899 to €106,254
- Staff costs -€87,710
down €87,710 (-94.6%), from €92,734 to €5,024
- Gross operating margin -€75,459
down €75,459 (-45.4%), from €166,222 to €90,764
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 | €412,245 | €321,965 | -€90,280 | -21.9% |
| Fixed assets | 21/28 | €209,867 | €218,841 | +€8,974 | +4.3% |
| Tangible fixed assets | 22/27 | €209,867 | €218,841 | +€8,974 | +4.3% |
| Land and buildings | 22 | €196,346 | €211,639 | +€15,294 | +7.8% |
| Furniture and vehicles | 24 | €13,522 | €7,202 | -€6,320 | -46.7% |
| Current assets | 29/58 | €202,378 | €103,123 | -€99,255 | -49.0% |
| Amounts receivable within one year | 40/41 | €75,921 | €49,579 | -€26,342 | -34.7% |
| Trade receivables | 40 | €75,921 | €44,710 | -€31,211 | -41.1% |
| Other amounts receivable | 41 | - | €4,869 | +€4,869 | |
| Cash at bank and in hand | 54/58 | €124,729 | €50,581 | -€74,148 | -59.4% |
| Deferred charges and accrued income | 490/1 | €1,728 | €2,963 | +€1,236 | +71.5% |
| Total equity and liabilities | 10/49 | €412,245 | €321,965 | -€90,280 | -21.9% |
| Equity | 10/15 | €118,675 | €118,675 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,075 | €100,075 | = | 0.0% |
| Distributable reserves | 133 | €100,075 | €100,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €293,570 | €203,289 | -€90,280 | -30.8% |
| Amounts payable after more than one year | 17 | €121,899 | €106,254 | -€15,644 | -12.8% |
| Financial debts | 170/4 | €121,899 | €106,254 | -€15,644 | -12.8% |
| Amounts payable within one year | 42/48 | €171,671 | €97,035 | -€74,636 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €15,351 | €15,644 | +€293 | +1.9% |
| Trade debts | 44 | €6,118 | €3,991 | -€2,127 | -34.8% |
| Suppliers | 440/4 | €6,118 | €3,991 | -€2,127 | -34.8% |
| Taxes, remuneration and social security | 45 | €48,331 | €22,562 | -€25,769 | -53.3% |
| Taxes | 450/3 | €31,644 | €22,562 | -€9,082 | -28.7% |
| Remuneration and social security | 454/9 | €16,688 | €0 | -€16,688 | -100.0% |
| Other amounts payable | 47/48 | €101,870 | €54,838 | -€47,032 | -46.2% |
| Remuneration, social security and pensions | 62 | €92,734 | €5,024 | -€87,710 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,589 | €13,156 | -€433 | -3.2% |
| Other operating charges | 640/8 | €1,742 | €2,162 | +€420 | +24.1% |
| Non-recurring operating charges | 66A | - | €2,284 | +€2,284 | |
| Gross operating margin | 9900 | €166,222 | €90,764 | -€75,459 | -45.4% |
| Operating profit (loss) | 9901 | €58,157 | €68,137 | +€9,980 | +17.2% |
| Financial income | 75/76B | €177 | €86 | -€91 | -51.3% |
| Recurring financial income | 75 | €177 | €86 | -€91 | -51.3% |
| Financial charges | 65/66B | €3,120 | €2,824 | -€296 | -9.5% |
| Recurring financial charges | 65 | €3,120 | €2,824 | -€296 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €55,214 | €65,400 | +€10,186 | +18.4% |
| Income taxes | 67/77 | €16,163 | €17,631 | +€1,468 | +9.1% |
| Profit (loss) for the period | 9904 | €39,051 | €47,769 | +€8,718 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,051 | €47,769 | +€8,718 | +22.3% |
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 3 October 2026 via checked.be.