J.T.M.: 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.M.
Largest movements
- Receivables within one year +€20,184
up €20,184 (+49.4%), from €40,820 to €61,004
of which Trade receivables: +€14,577
- Tangible fixed assets -€10,163
down €10,163 (-56.3%), from €18,037 to €7,874
- Stocks and contracts -€3,707
no longer reported in 2024 (was €3,707)
- Deferred charges and accrued income +€2,877
up €2,877 (+273%), from €1,054 to €3,931
- Cash -€2,780
down €2,780 (-17.4%), from €15,996 to €13,216
mainly Receivables within one year (-€20,184) and Deferred charges and accrued income (-€2,877)
- Trade debts +€6,751
up €6,751 (+134%), from €5,051 to €11,802
- Profit (loss) carried forward +€3,009
up €3,009 (+4.9%), from €61,273 to €64,282
- Tax, wage and social debts -€1,748
down €1,748 (-16.3%), from €10,743 to €8,995
of which Taxes: -€1,623
- Gross operating margin -€25,931
down €25,931 (-61.4%), from €42,212 to €16,281
- Taxes -€8,044
no longer reported in 2024 (was €8,044)
- Depreciation +€6,177
up €6,177 (+1,245%), from €496 to €6,674
- Staff costs -€6,110
no longer reported in 2024 (was €6,110)
- Other operating charges -€4,950
down €4,950 (-44.0%), from €11,260 to €6,309
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 | €85,364 | €93,375 | +€8,012 | +9.4% |
| Fixed assets | 21/28 | €23,787 | €15,224 | -€8,563 | -36.0% |
| Tangible fixed assets | 22/27 | €18,037 | €7,874 | -€10,163 | -56.3% |
| Furniture and vehicles | 24 | €18,037 | €7,874 | -€10,163 | -56.3% |
| Financial fixed assets | 28 | €5,750 | €7,350 | +€1,600 | +27.8% |
| Current assets | 29/58 | €61,577 | €78,151 | +€16,574 | +26.9% |
| Stocks and contracts in progress | 3 | €3,707 | - | -€3,707 | |
| Stocks | 30/36 | €3,707 | - | -€3,707 | |
| Amounts receivable within one year | 40/41 | €40,820 | €61,004 | +€20,184 | +49.4% |
| Trade receivables | 40 | €3,728 | €18,305 | +€14,577 | +391% |
| Other amounts receivable | 41 | €37,092 | €42,698 | +€5,606 | +15.1% |
| Cash at bank and in hand | 54/58 | €15,996 | €13,216 | -€2,780 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,054 | €3,931 | +€2,877 | +273% |
| Total equity and liabilities | 10/49 | €85,364 | €93,375 | +€8,012 | +9.4% |
| Equity | 10/15 | €69,273 | €72,282 | +€3,009 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,273 | €64,282 | +€3,009 | +4.9% |
| Amounts payable | 17/49 | €16,091 | €21,094 | +€5,003 | +31.1% |
| Amounts payable within one year | 42/48 | €16,091 | €21,094 | +€5,003 | +31.1% |
| Trade debts | 44 | €5,051 | €11,802 | +€6,751 | +134% |
| Suppliers | 440/4 | €5,051 | €11,802 | +€6,751 | +134% |
| Taxes, remuneration and social security | 45 | €10,743 | €8,995 | -€1,748 | -16.3% |
| Taxes | 450/3 | €10,618 | €8,995 | -€1,623 | -15.3% |
| Remuneration and social security | 454/9 | €125 | - | -€125 | |
| Other amounts payable | 47/48 | €296 | €296 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €6,110 | - | -€6,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €6,674 | +€6,177 | +1,245% |
| Other operating charges | 640/8 | €11,260 | €6,309 | -€4,950 | -44.0% |
| Gross operating margin | 9900 | €42,212 | €16,281 | -€25,931 | -61.4% |
| Operating profit (loss) | 9901 | €24,346 | €3,298 | -€21,048 | -86.5% |
| Financial charges | 65/66B | €285 | €289 | +€4 | +1.5% |
| Recurring financial charges | 65 | €285 | €289 | +€4 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,061 | €3,009 | -€21,052 | -87.5% |
| Income taxes | 67/77 | €8,044 | - | -€8,044 | |
| Profit (loss) for the period | 9904 | €16,017 | €3,009 | -€13,008 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,017 | €3,009 | -€13,008 | -81.2% |
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 31 October 2026 via checked.be.