JworX: 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.
JworX
Largest movements
- Tangible fixed assets +€373,766
up €373,766 (+3,549%), from €10,532 to €384,298
of which Land and buildings: +€373,965
- Cash -€76,178
down €76,178 (-55.5%), from €137,232 to €61,053
mainly Investment in fixed assets (net) (-€394,482) and Contributions, distributions and other (-€58,915)
- Receivables within one year -€56,380
down €56,380 (-38.2%), from €147,530 to €91,149
of which Other amounts receivable: -€32,196
- Debts after one year +€227,778
new in 2025: €227,778
- Current portion of long-term debt +€16,667
new in 2025: €16,667
- Tax, wage and social debts -€11,419
down €11,419 (-29.8%), from €38,262 to €26,842
- Reserves +€8,180
up €8,180 (+3.3%), from €249,584 to €257,764
- Depreciation +€19,015
up €19,015 (+1,118%), from €1,701 to €20,716
- Gross operating margin -€16,763
down €16,763 (-12.4%), from €135,537 to €118,774
- Taxes -€11,919
down €11,919 (-31.5%), from €37,829 to €25,910
- Financial charges +€4,168
up €4,168 (+435%), from €958 to €5,126
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 | €298,810 | €540,770 | +€241,960 | +81.0% |
| Fixed assets | 21/28 | €10,532 | €384,298 | +€373,766 | +3,549% |
| Tangible fixed assets | 22/27 | €10,532 | €384,298 | +€373,766 | +3,549% |
| Land and buildings | 22 | €4,155 | €378,120 | +€373,965 | +9,000% |
| Plant, machinery and equipment | 23 | €2,059 | €1,796 | -€263 | -12.8% |
| Furniture and vehicles | 24 | €4,317 | €4,381 | +€64 | +1.5% |
| Current assets | 29/58 | €288,278 | €156,473 | -€131,806 | -45.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €147,530 | €91,149 | -€56,380 | -38.2% |
| Trade receivables | 40 | €98,056 | €73,872 | -€24,185 | -24.7% |
| Other amounts receivable | 41 | €49,474 | €17,278 | -€32,196 | -65.1% |
| Cash at bank and in hand | 54/58 | €137,232 | €61,053 | -€76,178 | -55.5% |
| Deferred charges and accrued income | 490/1 | €3,517 | €4,270 | +€753 | +21.4% |
| Total equity and liabilities | 10/49 | €298,810 | €540,770 | +€241,960 | +81.0% |
| Equity | 10/15 | €259,584 | €267,764 | +€8,180 | +3.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €249,584 | €257,764 | +€8,180 | +3.3% |
| Distributable reserves | 133 | €249,584 | €257,764 | +€8,180 | +3.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,226 | €273,006 | +€233,780 | +596% |
| Amounts payable after more than one year | 17 | - | €227,778 | +€227,778 | |
| Financial debts | 170/4 | - | €227,778 | +€227,778 | |
| Amounts payable within one year | 42/48 | €39,226 | €45,189 | +€5,963 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,667 | +€16,667 | |
| Financial debts | 43 | €105 | €38 | -€67 | -63.5% |
| Credit institutions | 430/8 | €105 | €38 | -€67 | -63.5% |
| Trade debts | 44 | €859 | €842 | -€16 | -1.9% |
| Suppliers | 440/4 | €859 | €842 | -€16 | -1.9% |
| Taxes, remuneration and social security | 45 | €38,262 | €26,842 | -€11,419 | -29.8% |
| Taxes | 450/3 | €38,262 | €26,842 | -€11,419 | -29.8% |
| Other amounts payable | 47/48 | €0 | €799 | +€799 | |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €20,716 | +€19,015 | +1,118% |
| Other operating charges | 640/8 | €513 | €903 | +€389 | +75.9% |
| Gross operating margin | 9900 | €135,537 | €118,774 | -€16,763 | -12.4% |
| Operating profit (loss) | 9901 | €133,323 | €97,156 | -€36,167 | -27.1% |
| Financial income | 75/76B | €1,312 | €975 | -€337 | -25.7% |
| Recurring financial income | 75 | €1,312 | €975 | -€337 | -25.7% |
| Financial charges | 65/66B | €958 | €5,126 | +€4,168 | +435% |
| Recurring financial charges | 65 | €958 | €5,126 | +€4,168 | +435% |
| Profit (loss) for the period before taxes | 9903 | €133,677 | €93,004 | -€40,672 | -30.4% |
| Income taxes | 67/77 | €37,829 | €25,910 | -€11,919 | -31.5% |
| Profit (loss) for the period | 9904 | €95,848 | €67,095 | -€28,753 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,848 | €67,095 | -€28,753 | -30.0% |
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 29 October 2026 via checked.be.