J.T.A.: 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.A.
Largest movements
- Receivables within one year -€110,759
down €110,759 (-36.9%), from €300,148 to €189,390
of which Trade receivables: -€113,421
- Stocks and contracts +€89,572
up €89,572 (+175%), from €51,064 to €140,636
- Cash +€88,755
up €88,755 (+387%), from €22,917 to €111,672
mainly Receivables within one year (+€110,759) and Depreciation (+€98,285)
- Tangible fixed assets -€77,371
down €77,371 (-20.6%), from €375,397 to €298,026
- Reserves -€93,967
down €93,967 (-23.4%), from €401,637 to €307,670
of which Distributable reserves: -€93,967
- Other debts +€92,899
new in 2024: €92,899
- Short-term financial debts -€72,930
down €72,930 (-70.6%), from €103,315 to €30,385
- Profit (loss) carried forward +€67,446
new in 2024: €67,446
- Trade debts +€57,820
up €57,820 (+58.4%), from €98,969 to €156,789
- Gross operating margin +€74,267
up €74,267 (+29.9%), from €248,362 to €322,629
- Staff costs +€58,610
up €58,610 (+110%), from €53,208 to €111,818
- Taxes +€6,534
up €6,534 (+27.4%), from €23,837 to €30,371
- Depreciation -€6,221
down €6,221 (-6.0%), from €104,505 to €98,285
- Other operating charges -€3,316
down €3,316 (-59.8%), from €5,549 to €2,233
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 | €809,536 | €798,447 | -€11,089 | -1.4% |
| Fixed assets | 21/28 | €375,667 | €300,223 | -€75,444 | -20.1% |
| Intangible fixed assets | 21 | €1 | €1,927 | +€1,926 | +363,489% |
| Tangible fixed assets | 22/27 | €375,397 | €298,026 | -€77,371 | -20.6% |
| Plant, machinery and equipment | 23 | €160,125 | €140,630 | -€19,495 | -12.2% |
| Furniture and vehicles | 24 | €81,278 | €53,043 | -€28,235 | -34.7% |
| Leasing and similar rights | 25 | €94,049 | €71,925 | -€22,123 | -23.5% |
| Other tangible fixed assets | 26 | €39,945 | €32,427 | -€7,517 | -18.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €433,868 | €498,224 | +€64,356 | +14.8% |
| Stocks and contracts in progress | 3 | €51,064 | €140,636 | +€89,572 | +175% |
| Stocks | 30/36 | €51,064 | €140,636 | +€89,572 | +175% |
| Amounts receivable within one year | 40/41 | €300,148 | €189,390 | -€110,759 | -36.9% |
| Trade receivables | 40 | €265,323 | €151,902 | -€113,421 | -42.7% |
| Other amounts receivable | 41 | €34,826 | €37,488 | +€2,662 | +7.6% |
| Cash at bank and in hand | 54/58 | €22,917 | €111,672 | +€88,755 | +387% |
| Deferred charges and accrued income | 490/1 | €59,739 | €56,527 | -€3,213 | -5.4% |
| Total equity and liabilities | 10/49 | €809,536 | €798,447 | -€11,089 | -1.4% |
| Equity | 10/15 | €420,237 | €393,717 | -€26,521 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €401,637 | €307,670 | -€93,967 | -23.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €399,777 | €305,810 | -€93,967 | -23.5% |
| Profit (loss) carried forward | 14 | - | €67,446 | +€67,446 | |
| Amounts payable | 17/49 | €389,298 | €404,731 | +€15,432 | +4.0% |
| Amounts payable after more than one year | 17 | €60,159 | €34,259 | -€25,900 | -43.1% |
| Financial debts | 170/4 | €60,159 | €34,259 | -€25,900 | -43.1% |
| Amounts payable within one year | 42/48 | €325,909 | €369,288 | +€43,379 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €38,821 | €25,900 | -€12,921 | -33.3% |
| Financial debts | 43 | €103,315 | €30,385 | -€72,930 | -70.6% |
| Credit institutions | 430/8 | €103,315 | €30,385 | -€72,930 | -70.6% |
| Trade debts | 44 | €98,969 | €156,789 | +€57,820 | +58.4% |
| Suppliers | 440/4 | €98,969 | €156,789 | +€57,820 | +58.4% |
| Taxes, remuneration and social security | 45 | €84,803 | €63,314 | -€21,489 | -25.3% |
| Taxes | 450/3 | €76,739 | €50,198 | -€26,540 | -34.6% |
| Remuneration and social security | 454/9 | €8,065 | €13,116 | +€5,051 | +62.6% |
| Other amounts payable | 47/48 | - | €92,899 | +€92,899 | |
| Accrued charges and deferred income | 492/3 | €3,231 | €1,184 | -€2,047 | -63.4% |
| Non-recurring operating income | 76A | €14,967 | €8,264 | -€6,703 | -44.8% |
| Remuneration, social security and pensions | 62 | €53,208 | €111,818 | +€58,610 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,505 | €98,285 | -€6,221 | -6.0% |
| Other operating charges | 640/8 | €5,549 | €2,233 | -€3,316 | -59.8% |
| Non-recurring operating charges | 66A | €1,430 | €0 | -€1,430 | -100% |
| Gross operating margin | 9900 | €248,362 | €322,629 | +€74,267 | +29.9% |
| Operating profit (loss) | 9901 | €83,669 | €110,293 | +€26,624 | +31.8% |
| Financial income | 75/76B | €1,047 | €26 | -€1,022 | -97.5% |
| Recurring financial income | 75 | €1,047 | €26 | -€1,022 | -97.5% |
| Financial charges | 65/66B | €10,493 | €12,501 | +€2,009 | +19.1% |
| Recurring financial charges | 65 | €10,493 | €12,501 | +€2,009 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €74,224 | €97,818 | +€23,594 | +31.8% |
| Income taxes | 67/77 | €23,837 | €30,371 | +€6,534 | +27.4% |
| Profit (loss) for the period | 9904 | €50,387 | €67,446 | +€17,060 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,387 | €67,446 | +€17,060 | +33.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.