JWP: 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.
JWP
Largest movements
- Receivables within one year -€70,368
down €70,368 (-76.8%), from €91,597 to €21,229
of which Trade receivables: -€77,271
- Debts after one year -€88,081
down €88,081 (-53.3%), from €165,269 to €77,188
- Current portion of long-term debt +€50,376
up €50,376 (+365.4%), from €13,788 to €64,164
- Trade debts -€26,013
down €26,013 (-92.9%), from €28,015 to €2,003
- Tax, wage and social debts -€4,766
down €4,766 (-51.0%), from €9,352 to €4,586
- Other debts -€4,036
down €4,036 (-66.6%), from €6,058 to €2,022
- Financial charges -€100,397
down €100,397 (-98.4%), from €101,986 to €1,589
of which Non-recurring financial charges: -€100,000
- Gross operating margin +€61,313
up €61,313, from -€3,247 to €58,066
- Other operating charges +€52,099
up €52,099 (+6534.6%), from €797 to €52,897
- Taxes +€777
new in 2025: €777
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,759 | €124,774 | -€70,985 | -36.3% |
| Fixed assets | 21/28 | €103,687 | €102,884 | -€804 | -0.8% |
| Tangible fixed assets | 22/27 | €1,662 | €859 | -€804 | -48.4% |
| Furniture and vehicles | 24 | €1,662 | €859 | -€804 | -48.4% |
| Financial fixed assets | 28 | €102,025 | €102,025 | = | 0.0% |
| Current assets | 29/58 | €92,072 | €21,891 | -€70,181 | -76.2% |
| Amounts receivable within one year | 40/41 | €91,597 | €21,229 | -€70,368 | -76.8% |
| Trade receivables | 40 | €86,346 | €9,075 | -€77,271 | -89.5% |
| Other amounts receivable | 41 | €5,251 | €12,154 | +€6,903 | +131.4% |
| Deferred charges and accrued income | 490/1 | €475 | €662 | +€187 | +39.4% |
| Total equity and liabilities | 10/49 | €195,759 | €124,774 | -€70,985 | -36.3% |
| Equity | 10/15 | -€28,558 | -€26,453 | +€2,105 | +7.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,371 | €68,371 | = | 0.0% |
| Distributable reserves | 133 | €68,371 | €68,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,929 | -€104,824 | +€2,105 | +2.0% |
| Amounts payable | 17/49 | €224,317 | €151,227 | -€73,090 | -32.6% |
| Amounts payable after more than one year | 17 | €165,269 | €77,188 | -€88,081 | -53.3% |
| Financial debts | 170/4 | €165,269 | €77,188 | -€88,081 | -53.3% |
| Amounts payable within one year | 42/48 | €57,257 | €72,814 | +€15,557 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €13,788 | €64,164 | +€50,376 | +365.4% |
| Financial debts | 43 | €44 | €40 | -€4 | -9.9% |
| Credit institutions | 430/8 | €44 | €40 | -€4 | -9.9% |
| Trade debts | 44 | €28,015 | €2,003 | -€26,013 | -92.9% |
| Suppliers | 440/4 | €28,015 | €2,003 | -€26,013 | -92.9% |
| Taxes, remuneration and social security | 45 | €9,352 | €4,586 | -€4,766 | -51.0% |
| Taxes | 450/3 | €9,352 | €4,586 | -€4,766 | -51.0% |
| Other amounts payable | 47/48 | €6,058 | €2,022 | -€4,036 | -66.6% |
| Accrued charges and deferred income | 492/3 | €1,791 | €1,225 | -€566 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €804 | -€135 | -14.4% |
| Other operating charges | 640/8 | €797 | €52,897 | +€52,099 | +6534.6% |
| Gross operating margin | 9900 | -€3,247 | €58,066 | +€61,313 | |
| Operating profit (loss) | 9901 | -€4,983 | €4,366 | +€9,349 | |
| Financial income | 75/76B | €40 | €107 | +€66 | +165.3% |
| Recurring financial income | 75 | €40 | €107 | +€66 | +165.3% |
| Financial charges | 65/66B | €101,986 | €1,589 | -€100,397 | -98.4% |
| Recurring financial charges | 65 | €1,986 | €1,589 | -€397 | -20.0% |
| Non-recurring financial charges | 66B | €100,000 | - | -€100,000 | |
| Profit (loss) for the period before taxes | 9903 | -€106,929 | €2,883 | +€109,812 | |
| Income taxes | 67/77 | - | €777 | +€777 | |
| Profit (loss) for the period | 9904 | -€106,929 | €2,105 | +€109,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,929 | €2,105 | +€109,035 |
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 11 October 2026 via checked.be.