EJT: 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.
EJT
Largest movements
- Cash +€26,201
up €26,201 (+59.7%), from €43,860 to €70,060
mainly Net result for the year (+€76,576) and Tax, wage and social debts (+€11,946)
- Receivables within one year +€13,348
up €13,348 (+169.6%), from €7,870 to €21,218
of which Trade receivables: +€13,348
- Deferred charges and accrued income -€7,607
down €7,607 (-20.3%), from €37,505 to €29,899
- Reserves +€76,576
up €76,576 (+82.4%), from €92,948 to €169,523
- Other debts -€41,001
down €41,001 (-57.2%), from €71,725 to €30,724
- Debts after one year -€19,838
down €19,838 (-15.0%), from €132,186 to €112,348
- Tax, wage and social debts +€11,946
up €11,946 (+135.5%), from €8,817 to €20,763
of which Taxes: +€14,636
- Gross operating margin +€68,681
up €68,681 (+164.0%), from €41,878 to €110,559
- Taxes +€12,960
up €12,960 (+156.3%), from €8,292 to €21,252
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 | €331,632 | €361,214 | +€29,582 | +8.9% |
| Fixed assets | 21/28 | €242,398 | €240,037 | -€2,360 | -1.0% |
| Tangible fixed assets | 22/27 | €242,398 | €240,037 | -€2,360 | -1.0% |
| Land and buildings | 22 | €238,843 | €238,843 | = | 0.0% |
| Furniture and vehicles | 24 | €3,555 | €1,195 | -€2,360 | -66.4% |
| Current assets | 29/58 | €89,235 | €121,177 | +€31,942 | +35.8% |
| Amounts receivable within one year | 40/41 | €7,870 | €21,218 | +€13,348 | +169.6% |
| Trade receivables | 40 | €1,162 | €14,510 | +€13,348 | +1148.7% |
| Other amounts receivable | 41 | €6,708 | €6,708 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,860 | €70,060 | +€26,201 | +59.7% |
| Deferred charges and accrued income | 490/1 | €37,505 | €29,899 | -€7,607 | -20.3% |
| Total equity and liabilities | 10/49 | €331,632 | €361,214 | +€29,582 | +8.9% |
| Equity | 10/15 | €95,948 | €172,523 | +€76,576 | +79.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,948 | €169,523 | +€76,576 | +82.4% |
| Distributable reserves | 133 | €92,948 | €169,523 | +€76,576 | +82.4% |
| Amounts payable | 17/49 | €235,685 | €188,691 | -€46,994 | -19.9% |
| Amounts payable after more than one year | 17 | €132,186 | €112,348 | -€19,838 | -15.0% |
| Financial debts | 170/4 | €132,186 | €112,348 | -€19,838 | -15.0% |
| Amounts payable within one year | 42/48 | €102,337 | €73,677 | -€28,660 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €20,812 | €19,838 | -€974 | -4.7% |
| Trade debts | 44 | €983 | €2,352 | +€1,369 | +139.3% |
| Suppliers | 440/4 | €983 | €2,352 | +€1,369 | +139.3% |
| Taxes, remuneration and social security | 45 | €8,817 | €20,763 | +€11,946 | +135.5% |
| Taxes | 450/3 | €6,127 | €20,763 | +€14,636 | +238.9% |
| Remuneration and social security | 454/9 | €2,690 | - | -€2,690 | |
| Other amounts payable | 47/48 | €71,725 | €30,724 | -€41,001 | -57.2% |
| Accrued charges and deferred income | 492/3 | €1,162 | €2,666 | +€1,504 | +129.5% |
| Non-recurring operating income | 76A | - | €7,088 | +€7,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,360 | €2,360 | = | 0.0% |
| Other operating charges | 640/8 | €1,442 | €1,060 | -€382 | -26.5% |
| Gross operating margin | 9900 | €41,878 | €110,559 | +€68,681 | +164.0% |
| Operating profit (loss) | 9901 | €38,076 | €107,138 | +€69,063 | +181.4% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €9,451 | €9,331 | -€119 | -1.3% |
| Recurring financial charges | 65 | €9,451 | €9,331 | -€119 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €28,625 | €97,828 | +€69,203 | +241.8% |
| Income taxes | 67/77 | €8,292 | €21,252 | +€12,960 | +156.3% |
| Profit (loss) for the period | 9904 | €20,333 | €76,576 | +€56,243 | +276.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,333 | €76,576 | +€56,243 | +276.6% |
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 10 October 2026 via checked.be.