J.T.E.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.E.C.
Largest movements
- Stocks and contracts +€71,992
up €71,992 (+206%), from €35,000 to €106,992
- Receivables within one year +€63,085
up €63,085 (+79.2%), from €79,668 to €142,753
of which Trade receivables: +€58,085
- Cash -€6,817
down €6,817 (-16.1%), from €42,406 to €35,589
mainly Stocks and contracts (-€71,992) and Contributions, distributions and other (-€70,927)
- Tangible fixed assets -€5,001
down €5,001 (-6.5%), from €77,174 to €72,174
of which Furniture and vehicles: -€6,501
- Debts after one year +€59,381
up €59,381 (+283%), from €20,977 to €80,358
- Current portion of long-term debt +€22,881
up €22,881 (+108%), from €21,140 to €44,020
- Tax, wage and social debts +€19,197
up €19,197 (+42.7%), from €44,938 to €64,135
- Other debts +€12,530
up €12,530 (+45.9%), from €27,305 to €39,834
- Advances received +€8,500
new in 2025: €8,500
- Financial charges -€9,514
down €9,514 (-80.8%), from €11,770 to €2,256
of which Non-recurring financial charges: -€9,188
- Taxes +€9,088
up €9,088 (+56.2%), from €16,181 to €25,270
- Gross operating margin +€8,212
up €8,212 (+7.4%), from €111,628 to €119,840
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 | €237,830 | €361,112 | +€123,282 | +51.8% |
| Fixed assets | 21/28 | €80,674 | €75,674 | -€5,001 | -6.2% |
| Tangible fixed assets | 22/27 | €77,174 | €72,174 | -€5,001 | -6.5% |
| Land and buildings | 22 | €11,187 | €10,388 | -€799 | -7.1% |
| Plant, machinery and equipment | 23 | €43,335 | €45,633 | +€2,299 | +5.3% |
| Furniture and vehicles | 24 | €22,653 | €16,152 | -€6,501 | -28.7% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €157,155 | €285,438 | +€128,283 | +81.6% |
| Stocks and contracts in progress | 3 | €35,000 | €106,992 | +€71,992 | +206% |
| Stocks | 30/36 | €35,000 | €106,992 | +€71,992 | +206% |
| Amounts receivable within one year | 40/41 | €79,668 | €142,753 | +€63,085 | +79.2% |
| Trade receivables | 40 | €64,668 | €122,753 | +€58,085 | +89.8% |
| Other amounts receivable | 41 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €42,406 | €35,589 | -€6,817 | -16.1% |
| Deferred charges and accrued income | 490/1 | €82 | €105 | +€23 | +28.0% |
| Total equity and liabilities | 10/49 | €237,830 | €361,112 | +€123,282 | +51.8% |
| Equity | 10/15 | €109,575 | €109,575 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,575 | €88,575 | = | 0.0% |
| Amounts payable | 17/49 | €128,255 | €251,537 | +€123,282 | +96.1% |
| Amounts payable after more than one year | 17 | €20,977 | €80,358 | +€59,381 | +283% |
| Financial debts | 170/4 | €20,977 | €80,358 | +€59,381 | +283% |
| Amounts payable within one year | 42/48 | €107,278 | €171,179 | +€63,901 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €21,140 | €44,020 | +€22,881 | +108% |
| Trade debts | 44 | €13,896 | €14,690 | +€794 | +5.7% |
| Suppliers | 440/4 | €13,896 | €14,690 | +€794 | +5.7% |
| Advances received on contracts in progress | 46 | - | €8,500 | +€8,500 | |
| Taxes, remuneration and social security | 45 | €44,938 | €64,135 | +€19,197 | +42.7% |
| Taxes | 450/3 | €44,938 | €64,135 | +€19,197 | +42.7% |
| Other amounts payable | 47/48 | €27,305 | €39,834 | +€12,530 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,408 | €20,670 | +€262 | +1.3% |
| Other operating charges | 640/8 | €1,503 | €721 | -€782 | -52.0% |
| Gross operating margin | 9900 | €111,628 | €119,840 | +€8,212 | +7.4% |
| Operating profit (loss) | 9901 | €89,717 | €98,449 | +€8,732 | +9.7% |
| Financial income | 75/76B | €214 | €3 | -€211 | -98.5% |
| Recurring financial income | 75 | €214 | €3 | -€211 | -98.5% |
| Financial charges | 65/66B | €11,770 | €2,256 | -€9,514 | -80.8% |
| Recurring financial charges | 65 | €2,582 | €2,256 | -€326 | -12.6% |
| Non-recurring financial charges | 66B | €9,188 | - | -€9,188 | |
| Profit (loss) for the period before taxes | 9903 | €78,161 | €96,197 | +€18,036 | +23.1% |
| Income taxes | 67/77 | €16,181 | €25,270 | +€9,088 | +56.2% |
| Profit (loss) for the period | 9904 | €61,980 | €70,927 | +€8,947 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,980 | €70,927 | +€8,947 | +14.4% |
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 15 October 2026 via checked.be.