J.T.: 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.
J.T.
Largest movements
- Cash -€236,333
down €236,333 (-97.0%), from €243,532 to €7,198
mainly Other debts (-€114,498) and Net result for the year (-€64,929)
- Tangible fixed assets -€32,526
down €32,526 (-6.7%), from €484,128 to €451,602
of which Land and buildings: -€28,985
- Deferred charges and accrued income +€9,762
up €9,762 (+425%), from €2,298 to €12,060
- Other debts -€114,498
down €114,498 (-69.1%), from €165,627 to €51,129
- Profit (loss) carried forward -€52,544
down €52,544 (-38.3%), from €137,126 to €84,582
- Tax, wage and social debts -€22,884
down €22,884 (-87.1%), from €26,262 to €3,378
- Trade debts -€20,360
down €20,360 (-100%), from €20,360 to €0
- Current portion of long-term debt -€15,278
down €15,278 (-100%), from €15,278 to €0
- Gross operating margin -€88,543
down €88,543, from €58,641 to -€29,901
- Taxes -€23,090
down €23,090 (-93.8%), from €24,623 to €1,533
- Other operating charges +€21,567
up €21,567 (+392%), from €5,503 to €27,070
- Write-downs -€21,302
new in 2024: -€21,302
- Financial charges -€8,360
down €8,360 (-88.8%), from €9,412 to €1,051
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €738,383 | €479,992 | -€258,391 | -35.0% |
| Fixed assets | 21/28 | €484,128 | €451,602 | -€32,526 | -6.7% |
| Tangible fixed assets | 22/27 | €484,128 | €451,602 | -€32,526 | -6.7% |
| Land and buildings | 22 | €456,487 | €427,503 | -€28,985 | -6.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €12,584 | €9,042 | -€3,542 | -28.1% |
| Other tangible fixed assets | 26 | €15,057 | €15,057 | = | 0.0% |
| Current assets | 29/58 | €254,254 | €28,390 | -€225,865 | -88.8% |
| Amounts receivable within one year | 40/41 | €8,425 | €9,132 | +€707 | +8.4% |
| Trade receivables | 40 | €6,747 | €3,084 | -€3,662 | -54.3% |
| Other amounts receivable | 41 | €1,678 | €6,048 | +€4,369 | +260% |
| Cash at bank and in hand | 54/58 | €243,532 | €7,198 | -€236,333 | -97.0% |
| Deferred charges and accrued income | 490/1 | €2,298 | €12,060 | +€9,762 | +425% |
| Total equity and liabilities | 10/49 | €738,383 | €479,992 | -€258,391 | -35.0% |
| Equity | 10/15 | €414,538 | €349,609 | -€64,929 | -15.7% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €182,412 | €170,027 | -€12,385 | -6.8% |
| Non-distributable reserves | 130/1 | €6,587 | €6,587 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,587 | €6,587 | = | 0.0% |
| Tax-exempt reserves | 132 | €175,825 | €163,440 | -€12,385 | -7.0% |
| Profit (loss) carried forward | 14 | €137,126 | €84,582 | -€52,544 | -38.3% |
| Provisions and deferred taxes | 16 | €81,727 | €75,876 | -€5,851 | -7.2% |
| Deferred taxes | 168 | €81,727 | €75,876 | -€5,851 | -7.2% |
| Amounts payable | 17/49 | €242,118 | €54,507 | -€187,611 | -77.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €242,118 | €54,507 | -€187,611 | -77.5% |
| Current portion of amounts payable after more than one year | 42 | €15,278 | €0 | -€15,278 | -100% |
| Financial debts | 43 | €14,591 | €0 | -€14,591 | -100% |
| Other loans | 439 | €14,591 | €0 | -€14,591 | -100% |
| Trade debts | 44 | €20,360 | €0 | -€20,360 | -100% |
| Suppliers | 440/4 | €20,360 | €0 | -€20,360 | -100% |
| Taxes, remuneration and social security | 45 | €26,262 | €3,378 | -€22,884 | -87.1% |
| Taxes | 450/3 | €26,262 | €3,378 | -€22,884 | -87.1% |
| Other amounts payable | 47/48 | €165,627 | €51,129 | -€114,498 | -69.1% |
| Non-recurring operating income | 76A | €93,755 | €759 | -€92,996 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,877 | €32,526 | -€351 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€21,302 | -€21,302 | |
| Other operating charges | 640/8 | €5,503 | €27,070 | +€21,567 | +392% |
| Non-recurring operating charges | 66A | €19,735 | €0 | -€19,735 | -100% |
| Gross operating margin | 9900 | €58,641 | -€29,901 | -€88,543 | |
| Operating profit (loss) | 9901 | €526 | -€68,196 | -€68,721 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €9,412 | €1,051 | -€8,360 | -88.8% |
| Recurring financial charges | 65 | €9,412 | €1,051 | -€8,360 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,881 | -€69,247 | -€60,366 | -680% |
| Transfer from deferred taxes | 780 | €48,738 | €5,851 | -€42,887 | -88.0% |
| Income taxes | 67/77 | €24,623 | €1,533 | -€23,090 | -93.8% |
| Profit (loss) for the period | 9904 | €15,234 | -€64,929 | -€80,163 | |
| Transfer from tax-exempt reserves | 789 | €97,055 | €12,385 | -€84,670 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,289 | -€52,544 | -€164,833 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.