J.T.C.: 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.C.
Largest movements
- Stocks and contracts +€45,116
up €45,116 (+37.6%), from €120,017 to €165,133
- Cash -€12,287
down €12,287 (-62.2%), from €19,763 to €7,476
mainly Stocks and contracts (-€45,116) and Receivables within one year (-€5,165)
- Receivables within one year +€5,165
up €5,165 (+4.2%), from €123,641 to €128,806
of which Trade receivables: +€10,219
- Advances received +€19,500
up €19,500 (+49.8%), from €39,177 to €58,677
- Trade debts +€10,323
up €10,323 (+29.2%), from €35,324 to €45,647
- Profit (loss) carried forward +€5,394
up €5,394, from -€4,386 to €1,008
- Turnover +€144,528
up €144,528 (+23.6%), from €613,385 to €757,913
- Purchases and services +€122,275
up €122,275 (+19.9%), from €613,385 to €735,660
- Staff costs +€11,066
up €11,066 (+548%), from €2,019 to €13,085
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 | €282,872 | €321,243 | +€38,371 | +13.6% |
| Fixed assets | 21/28 | €15,127 | €16,012 | +€885 | +5.9% |
| Tangible fixed assets | 22/27 | €14,577 | €15,462 | +€885 | +6.1% |
| Plant, machinery and equipment | 23 | €752 | €883 | +€131 | +17.4% |
| Furniture and vehicles | 24 | €253 | - | -€253 | |
| Other tangible fixed assets | 26 | €13,572 | €14,579 | +€1,007 | +7.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €267,745 | €305,231 | +€37,486 | +14.0% |
| Stocks and contracts in progress | 3 | €120,017 | €165,133 | +€45,116 | +37.6% |
| Stocks | 30/36 | €120,017 | €165,133 | +€45,116 | +37.6% |
| Amounts receivable within one year | 40/41 | €123,641 | €128,806 | +€5,165 | +4.2% |
| Trade receivables | 40 | €116,484 | €126,703 | +€10,219 | +8.8% |
| Other amounts receivable | 41 | €7,157 | €2,103 | -€5,054 | -70.6% |
| Cash at bank and in hand | 54/58 | €19,763 | €7,476 | -€12,287 | -62.2% |
| Deferred charges and accrued income | 490/1 | €4,324 | €3,816 | -€508 | -11.7% |
| Total equity and liabilities | 10/49 | €282,872 | €321,243 | +€38,371 | +13.6% |
| Equity | 10/15 | €22,882 | €28,276 | +€5,394 | +23.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,386 | €1,008 | +€5,394 | |
| Amounts payable | 17/49 | €259,990 | €292,967 | +€32,977 | +12.7% |
| Amounts payable within one year | 42/48 | €259,990 | €292,967 | +€32,977 | +12.7% |
| Trade debts | 44 | €35,324 | €45,647 | +€10,323 | +29.2% |
| Suppliers | 440/4 | €35,324 | €45,647 | +€10,323 | +29.2% |
| Advances received on contracts in progress | 46 | €39,177 | €58,677 | +€19,500 | +49.8% |
| Other amounts payable | 47/48 | €185,489 | €188,643 | +€3,154 | +1.7% |
| Turnover | 70 | €613,385 | €757,913 | +€144,528 | +23.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €613,385 | €735,660 | +€122,275 | +19.9% |
| Remuneration, social security and pensions | 62 | €2,019 | €13,085 | +€11,066 | +548% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,305 | €2,636 | +€331 | +14.4% |
| Other operating charges | 640/8 | €1,201 | €724 | -€477 | -39.7% |
| Gross operating margin | 9900 | €15,190 | €22,253 | +€7,063 | +46.5% |
| Operating profit (loss) | 9901 | €9,665 | €5,808 | -€3,857 | -39.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,441 | €416 | -€1,025 | -71.1% |
| Recurring financial charges | 65 | €326 | €381 | +€55 | +16.9% |
| Non-recurring financial charges | 66B | €1,115 | €35 | -€1,080 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €8,224 | €5,394 | -€2,830 | -34.4% |
| Profit (loss) for the period | 9904 | €8,224 | €5,394 | -€2,830 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,224 | €5,394 | -€2,830 | -34.4% |
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 14 October 2026 via checked.be.