J & T Projects: 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 Projects
Largest movements
- Receivables within one year -€20,461
down €20,461 (-79.4%), from €25,753 to €5,293
of which Other amounts receivable: -€11,539
- Cash -€13,351
down €13,351 (-43.4%), from €30,756 to €17,405
mainly Investment in fixed assets (net) (-€20,344) and Net result for the year (-€20,311)
- Tangible fixed assets +€8,547
up €8,547 (+26.0%), from €32,817 to €41,364
of which Furniture and vehicles: +€10,185
- Reserves -€20,311
down €20,311 (-32.9%), from €61,812 to €41,501
of which Distributable reserves: -€18,451
- Tax, wage and social debts -€4,578
down €4,578 (-89.5%), from €5,115 to €537
- Gross operating margin -€4,417
down €4,417 (-130.1%), from -€3,396 to -€7,814
- Financial charges -€2,798
down €2,798, from €2,792 to -€6
of which Non-recurring financial charges: -€2,635
- Other operating charges -€287
down €287 (-28.9%), from €993 to €706
- Depreciation -€223
down €223 (-1.9%), from €12,021 to €11,797
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.
Cash bridge derived
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 | €90,285 | €65,062 | -€25,223 | -27.9% |
| Fixed assets | 21/28 | €32,817 | €41,364 | +€8,547 | +26.0% |
| Tangible fixed assets | 22/27 | €32,817 | €41,364 | +€8,547 | +26.0% |
| Plant, machinery and equipment | 23 | €4,022 | €2,383 | -€1,638 | -40.7% |
| Furniture and vehicles | 24 | €28,795 | €38,980 | +€10,185 | +35.4% |
| Current assets | 29/58 | €57,468 | €23,698 | -€33,770 | -58.8% |
| Amounts receivable within one year | 40/41 | €25,753 | €5,293 | -€20,461 | -79.4% |
| Trade receivables | 40 | €14,214 | €5,293 | -€8,921 | -62.8% |
| Other amounts receivable | 41 | €11,539 | - | -€11,539 | |
| Cash at bank and in hand | 54/58 | €30,756 | €17,405 | -€13,351 | -43.4% |
| Deferred charges and accrued income | 490/1 | €958 | €1,001 | +€42 | +4.4% |
| Total equity and liabilities | 10/49 | €90,285 | €65,062 | -€25,223 | -27.9% |
| Equity | 10/15 | €80,412 | €60,101 | -€20,311 | -25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,812 | €41,501 | -€20,311 | -32.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €59,952 | €41,501 | -€18,451 | -30.8% |
| Amounts payable | 17/49 | €9,873 | €4,961 | -€4,912 | -49.8% |
| Amounts payable within one year | 42/48 | €9,512 | €4,961 | -€4,551 | -47.8% |
| Trade debts | 44 | €71 | €405 | +€334 | +467.4% |
| Suppliers | 440/4 | €71 | €405 | +€334 | +467.4% |
| Taxes, remuneration and social security | 45 | €5,115 | €537 | -€4,578 | -89.5% |
| Taxes | 450/3 | €5,115 | €537 | -€4,578 | -89.5% |
| Other amounts payable | 47/48 | €4,326 | €4,019 | -€307 | -7.1% |
| Accrued charges and deferred income | 492/3 | €361 | - | -€361 | |
| Non-recurring operating income | 76A | - | €16,534 | +€16,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,021 | €11,797 | -€223 | -1.9% |
| Other operating charges | 640/8 | €993 | €706 | -€287 | -28.9% |
| Gross operating margin | 9900 | -€3,396 | -€7,814 | -€4,417 | -130.1% |
| Operating profit (loss) | 9901 | -€16,410 | -€20,317 | -€3,907 | -23.8% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.7% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.7% |
| Financial charges | 65/66B | €2,792 | -€6 | -€2,798 | |
| Recurring financial charges | 65 | €157 | -€6 | -€163 | |
| Non-recurring financial charges | 66B | €2,635 | - | -€2,635 | |
| Profit (loss) for the period before taxes | 9903 | -€19,179 | -€20,311 | -€1,132 | -5.9% |
| Profit (loss) for the period | 9904 | -€19,179 | -€20,311 | -€1,132 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,179 | -€20,311 | -€1,132 | -5.9% |
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 10 October 2026 via checked.be.