J & JT PROJECTS: 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.
J & JT PROJECTS
Largest movements
- Tangible fixed assets +€3.5m
up €3.5m (+303.1%), from €1.1m to €4.6m
of which Land and buildings: +€3.2m
- Financial fixed assets +€600,000
new in 2025: €600,000
- Receivables within one year +€332,096
up €332,096 (+109.2%), from €303,997 to €636,093
of which Trade receivables: +€331,842
- Stocks and contracts -€93,218
down €93,218 (-75.9%), from €122,799 to €29,582
- Debts after one year +€2.4m
up €2.4m (+306.0%), from €786,027 to €3.2m
- Other debts +€2.3m
up €2.3m (+494.5%), from €456,925 to €2.7m
- Profit (loss) carried forward -€493,037
new in 2025: -€493,037
- Current portion of long-term debt +€174,421
up €174,421 (+380.7%), from €45,814 to €220,236
- Reserves -€94,071
down €94,071 (-100.0%), from €94,071 to €0
- Gross operating margin -€275,360
down €275,360 (-73.5%), from €374,485 to €99,125
- Other operating charges +€268,489
up €268,489 (+201.1%), from €133,506 to €401,995
- Depreciation +€93,750
up €93,750 (+150.1%), from €62,479 to €156,229
- Staff costs +€37,166
up €37,166 (+225.1%), from €16,508 to €53,674
- Financial charges +€27,449
up €27,449 (+58.6%), from €46,877 to €74,327
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 | €1,579,946 | €5,896,301 | +€4.3m | +273.2% |
| Fixed assets | 21/28 | €1,138,717 | €5,190,199 | +€4.1m | +355.8% |
| Tangible fixed assets | 22/27 | €1,138,717 | €4,590,199 | +€3.5m | +303.1% |
| Land and buildings | 22 | €1,083,299 | €4,242,464 | +€3.2m | +291.6% |
| Plant, machinery and equipment | 23 | €50,400 | €70,214 | +€19,814 | +39.3% |
| Furniture and vehicles | 24 | €5,018 | €277,521 | +€272,503 | +5431.0% |
| Financial fixed assets | 28 | - | €600,000 | +€600,000 | |
| Current assets | 29/58 | €441,229 | €706,102 | +€264,874 | +60.0% |
| Stocks and contracts in progress | 3 | €122,799 | €29,582 | -€93,218 | -75.9% |
| Stocks | 30/36 | €122,799 | €29,582 | -€93,218 | -75.9% |
| Amounts receivable within one year | 40/41 | €303,997 | €636,093 | +€332,096 | +109.2% |
| Trade receivables | 40 | €303,997 | €635,839 | +€331,842 | +109.2% |
| Other amounts receivable | 41 | - | €254 | +€254 | |
| Cash at bank and in hand | 54/58 | €13,408 | €37,191 | +€23,783 | +177.4% |
| Deferred charges and accrued income | 490/1 | €1,024 | €3,237 | +€2,213 | +216.2% |
| Total equity and liabilities | 10/49 | €1,579,946 | €5,896,301 | +€4.3m | +273.2% |
| Equity | 10/15 | €244,071 | -€343,037 | -€587,108 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €94,071 | €0 | -€94,071 | -100.0% |
| Distributable reserves | 133 | €94,071 | €0 | -€94,071 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€493,037 | -€493,037 | |
| Amounts payable | 17/49 | €1,335,875 | €6,239,338 | +€4.9m | +367.1% |
| Amounts payable after more than one year | 17 | €786,027 | €3,190,989 | +€2.4m | +306.0% |
| Financial debts | 170/4 | €786,027 | €3,190,989 | +€2.4m | +306.0% |
| Amounts payable within one year | 42/48 | €549,847 | €3,048,349 | +€2.5m | +454.4% |
| Current portion of amounts payable after more than one year | 42 | €45,814 | €220,236 | +€174,421 | +380.7% |
| Trade debts | 44 | €4,831 | €73,082 | +€68,250 | +1412.7% |
| Suppliers | 440/4 | €4,831 | €73,082 | +€68,250 | +1412.7% |
| Taxes, remuneration and social security | 45 | €42,277 | €38,548 | -€3,730 | -8.8% |
| Taxes | 450/3 | €39,837 | €36,107 | -€3,730 | -9.4% |
| Remuneration and social security | 454/9 | €2,440 | €2,440 | = | 0.0% |
| Other amounts payable | 47/48 | €456,925 | €2,716,484 | +€2.3m | +494.5% |
| Remuneration, social security and pensions | 62 | €16,508 | €53,674 | +€37,166 | +225.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,479 | €156,229 | +€93,750 | +150.1% |
| Other operating charges | 640/8 | €133,506 | €401,995 | +€268,489 | +201.1% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €374,485 | €99,125 | -€275,360 | -73.5% |
| Operating profit (loss) | 9901 | €161,992 | -€512,782 | -€674,774 | |
| Financial income | 75/76B | €169 | €1 | -€168 | -99.5% |
| Recurring financial income | 75 | €169 | €1 | -€168 | -99.5% |
| Financial charges | 65/66B | €46,877 | €74,327 | +€27,449 | +58.6% |
| Recurring financial charges | 65 | €46,877 | €74,327 | +€27,449 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €115,284 | -€587,108 | -€702,392 | |
| Income taxes | 67/77 | €21,213 | €0 | -€21,213 | -100.0% |
| Profit (loss) for the period | 9904 | €94,071 | -€587,108 | -€681,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,071 | -€587,108 | -€681,179 |
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 2 October 2026 via checked.be.