J.T.L.: 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.L.
Largest movements
- Receivables within one year +€13,619
up €13,619 (+161%), from €8,460 to €22,079
of which Trade receivables: +€9,500
- Tangible fixed assets -€4,089
down €4,089 (-59.3%), from €6,891 to €2,802
of which Furniture and vehicles: -€3,328
- Other debts +€79,935
up €79,935 (+122,318%), from €65 to €80,000
- Reserves -€71,634
down €71,634 (-19.6%), from €365,875 to €294,242
- Depreciation -€11,074
down €11,074 (-73.0%), from €15,163 to €4,089
- Gross operating margin +€6,840
up €6,840 (+23.9%), from €28,574 to €35,414
- Taxes +€4,853
up €4,853 (+133%), from €3,638 to €8,491
- Financial income +€2,272
up €2,272, from €0 to €2,272
- Financial charges +€978
up €978 (+1,658%), from €59 to €1,037
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 | €369,265 | €377,886 | +€8,621 | +2.3% |
| Fixed assets | 21/28 | €6,916 | €2,827 | -€4,089 | -59.1% |
| Tangible fixed assets | 22/27 | €6,891 | €2,802 | -€4,089 | -59.3% |
| Plant, machinery and equipment | 23 | €1,410 | €649 | -€761 | -54.0% |
| Furniture and vehicles | 24 | €5,481 | €2,153 | -€3,328 | -60.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €362,349 | €375,059 | +€12,710 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,460 | €22,079 | +€13,619 | +161% |
| Trade receivables | 40 | €0 | €9,500 | +€9,500 | |
| Other amounts receivable | 41 | €8,460 | €12,579 | +€4,119 | +48.7% |
| Cash at bank and in hand | 54/58 | €353,107 | €352,417 | -€690 | -0.2% |
| Deferred charges and accrued income | 490/1 | €783 | €563 | -€220 | -28.1% |
| Total equity and liabilities | 10/49 | €369,265 | €377,886 | +€8,621 | +2.3% |
| Equity | 10/15 | €365,875 | €294,242 | -€71,634 | -19.6% |
| Reserves | 13 | €365,875 | €294,242 | -€71,634 | -19.6% |
| Distributable reserves | 133 | €365,875 | €294,242 | -€71,634 | -19.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,390 | €83,644 | +€80,254 | +2,367% |
| Amounts payable within one year | 42/48 | €2,326 | €82,578 | +€80,252 | +3,450% |
| Trade debts | 44 | €554 | €1,779 | +€1,225 | +221% |
| Suppliers | 440/4 | €554 | €1,779 | +€1,225 | +221% |
| Taxes, remuneration and social security | 45 | €1,707 | €799 | -€907 | -53.2% |
| Taxes | 450/3 | - | €799 | +€799 | |
| Remuneration and social security | 454/9 | €1,707 | €0 | -€1,707 | -100% |
| Other amounts payable | 47/48 | €65 | €80,000 | +€79,935 | +122,318% |
| Accrued charges and deferred income | 492/3 | €1,064 | €1,066 | +€2 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,163 | €4,089 | -€11,074 | -73.0% |
| Other operating charges | 640/8 | €687 | €703 | +€16 | +2.3% |
| Gross operating margin | 9900 | €28,574 | €35,414 | +€6,840 | +23.9% |
| Operating profit (loss) | 9901 | €12,724 | €30,622 | +€17,898 | +141% |
| Financial income | 75/76B | €0 | €2,272 | +€2,272 | |
| Recurring financial income | 75 | €0 | €2,272 | +€2,272 | |
| Financial charges | 65/66B | €59 | €1,037 | +€978 | +1,658% |
| Recurring financial charges | 65 | €59 | €1,037 | +€978 | +1,658% |
| Profit (loss) for the period before taxes | 9903 | €12,665 | €31,857 | +€19,192 | +152% |
| Income taxes | 67/77 | €3,638 | €8,491 | +€4,853 | +133% |
| Profit (loss) for the period | 9904 | €9,027 | €23,366 | +€14,339 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €9,027 | €23,366 | +€14,339 | +159% |
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 22 October 2026 via checked.be.