GJT: 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.
GJT
Largest movements
- Tangible fixed assets +€115,202
up €115,202 (+1,597%), from €7,212 to €122,413
of which Furniture and vehicles: +€107,579
- Cash +€9,909
up €9,909 (+301%), from €3,293 to €13,202
mainly Debts after one year (+€71,041) and Net result for the year (+€46,820)
- Financial fixed assets -€8,670
down €8,670 (-96.3%), from €9,000 to €330
- Receivables within one year +€5,851
up €5,851 (+9.5%), from €61,909 to €67,761
of which Other amounts receivable: +€27,282
- Debts after one year +€71,041
up €71,041 (+1,235%), from €5,754 to €76,795
- Trade debts -€40,580
down €40,580 (-55.6%), from €72,950 to €32,371
- Reserves +€37,998
new in 2025: €37,998
- Tax, wage and social debts +€26,119
new in 2025: €26,119
- Current portion of long-term debt +€24,787
up €24,787 (+940%), from €2,637 to €27,423
- Gross operating margin +€138,005
up €138,005, from -€3,322 to €134,683
- Depreciation +€38,488
up €38,488 (+1,346%), from €2,860 to €41,349
- Financial charges +€25,998
up €25,998 (+3,196%), from €813 to €26,812
- Taxes +€20,492
new in 2025: €20,492
- Financial income +€2,877
up €2,877 (+959,103%), from €0 to €2,878
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 | €81,414 | €203,706 | +€122,292 | +150% |
| Fixed assets | 21/28 | €16,212 | €122,743 | +€106,532 | +657% |
| Tangible fixed assets | 22/27 | €7,212 | €122,413 | +€115,202 | +1,597% |
| Plant, machinery and equipment | 23 | €1,421 | €9,043 | +€7,622 | +536% |
| Furniture and vehicles | 24 | €5,791 | €113,370 | +€107,579 | +1,858% |
| Financial fixed assets | 28 | €9,000 | €330 | -€8,670 | -96.3% |
| Current assets | 29/58 | €65,203 | €80,963 | +€15,760 | +24.2% |
| Amounts receivable within one year | 40/41 | €61,909 | €67,761 | +€5,851 | +9.5% |
| Trade receivables | 40 | €47,148 | €25,718 | -€21,431 | -45.5% |
| Other amounts receivable | 41 | €14,761 | €42,043 | +€27,282 | +185% |
| Cash at bank and in hand | 54/58 | €3,293 | €13,202 | +€9,909 | +301% |
| Total equity and liabilities | 10/49 | €81,414 | €203,706 | +€122,292 | +150% |
| Equity | 10/15 | -€5,822 | €40,998 | +€46,820 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €37,998 | +€37,998 | |
| Distributable reserves | 133 | - | €37,998 | +€37,998 | |
| Profit (loss) carried forward | 14 | -€8,822 | - | +€8,822 | |
| Amounts payable | 17/49 | €87,237 | €162,708 | +€75,472 | +86.5% |
| Amounts payable after more than one year | 17 | €5,754 | €76,795 | +€71,041 | +1,235% |
| Financial debts | 170/4 | €5,754 | €76,795 | +€71,041 | +1,235% |
| Amounts payable within one year | 42/48 | €81,483 | €85,913 | +€4,431 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €2,637 | €27,423 | +€24,787 | +940% |
| Trade debts | 44 | €72,950 | €32,371 | -€40,580 | -55.6% |
| Suppliers | 440/4 | €72,950 | €32,371 | -€40,580 | -55.6% |
| Taxes, remuneration and social security | 45 | - | €26,119 | +€26,119 | |
| Taxes | 450/3 | - | €26,119 | +€26,119 | |
| Other amounts payable | 47/48 | €5,896 | - | -€5,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €41,349 | +€38,488 | +1,346% |
| Other operating charges | 640/8 | €1,827 | €2,089 | +€262 | +14.3% |
| Gross operating margin | 9900 | -€3,322 | €134,683 | +€138,005 | |
| Operating profit (loss) | 9901 | -€8,009 | €91,246 | +€99,255 | |
| Financial income | 75/76B | €0 | €2,878 | +€2,877 | +959,103% |
| Recurring financial income | 75 | €0 | €2,878 | +€2,877 | +959,103% |
| Financial charges | 65/66B | €813 | €26,812 | +€25,998 | +3,196% |
| Recurring financial charges | 65 | €813 | €26,812 | +€25,998 | +3,196% |
| Profit (loss) for the period before taxes | 9903 | -€8,822 | €67,312 | +€76,134 | |
| Income taxes | 67/77 | - | €20,492 | +€20,492 | |
| Profit (loss) for the period | 9904 | -€8,822 | €46,820 | +€55,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,822 | €46,820 | +€55,643 |
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 14 October 2026 via checked.be.