JATD: 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.
JATD
Largest movements
- Stocks and contracts +€2,244
up €2,244 (+60.2%), from €3,730 to €5,974
- Deferred charges and accrued income -€1,497
down €1,497 (-21.7%), from €6,897 to €5,400
- Tangible fixed assets +€1,485
up €1,485 (+5.3%), from €28,096 to €29,581
of which Plant, machinery and equipment: +€2,511
- Reserves +€9,082
up €9,082 (+34.1%), from €26,631 to €35,713
- Debts after one year -€6,943
down €6,943 (-55.2%), from €12,576 to €5,633
of which Financial debts: -€5,143
- Trade debts +€2,574
up €2,574 (+267%), from €963 to €3,537
- Tax, wage and social debts -€1,778
down €1,778 (-49.4%), from €3,600 to €1,822
of which Taxes: -€3,150
- Current portion of long-term debt -€791
down €791 (-9.6%), from €8,199 to €7,408
- Staff costs +€11,201
new in 2025: €11,201
- Depreciation -€7,802
down €7,802 (-54.8%), from €14,228 to €6,426
- Gross operating margin +€7,186
up €7,186 (+27.1%), from €26,556 to €33,742
- Taxes +€1,539
up €1,539 (+80.6%), from €1,911 to €3,450
- Other operating charges -€458
down €458 (-25.7%), from €1,781 to €1,323
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 | €58,168 | €60,463 | +€2,295 | +3.9% |
| Fixed assets | 21/28 | €28,096 | €29,581 | +€1,485 | +5.3% |
| Tangible fixed assets | 22/27 | €28,096 | €29,581 | +€1,485 | +5.3% |
| Plant, machinery and equipment | 23 | €4,696 | €7,207 | +€2,511 | +53.5% |
| Leasing and similar rights | 25 | €257 | €1,195 | +€938 | +366% |
| Other tangible fixed assets | 26 | €23,143 | €21,179 | -€1,964 | -8.5% |
| Current assets | 29/58 | €30,072 | €30,882 | +€810 | +2.7% |
| Stocks and contracts in progress | 3 | €3,730 | €5,974 | +€2,244 | +60.2% |
| Stocks | 30/36 | €3,730 | €5,974 | +€2,244 | +60.2% |
| Amounts receivable within one year | 40/41 | €17,152 | €17,283 | +€131 | +0.8% |
| Trade receivables | 40 | - | €105 | +€105 | |
| Other amounts receivable | 41 | €17,152 | €17,178 | +€26 | +0.2% |
| Cash at bank and in hand | 54/58 | €2,294 | €2,225 | -€69 | -3.0% |
| Deferred charges and accrued income | 490/1 | €6,897 | €5,400 | -€1,497 | -21.7% |
| Total equity and liabilities | 10/49 | €58,168 | €60,463 | +€2,295 | +3.9% |
| Equity | 10/15 | €32,831 | €41,913 | +€9,082 | +27.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,631 | €35,713 | +€9,082 | +34.1% |
| Distributable reserves | 133 | €26,631 | €35,713 | +€9,082 | +34.1% |
| Amounts payable | 17/49 | €25,337 | €18,550 | -€6,787 | -26.8% |
| Amounts payable after more than one year | 17 | €12,576 | €5,633 | -€6,943 | -55.2% |
| Financial debts | 170/4 | €7,776 | €2,633 | -€5,143 | -66.1% |
| Other amounts payable | 178/9 | €4,800 | €3,000 | -€1,800 | -37.5% |
| Amounts payable within one year | 42/48 | €12,761 | €12,766 | +€5 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €8,199 | €7,408 | -€791 | -9.6% |
| Trade debts | 44 | €963 | €3,537 | +€2,574 | +267% |
| Suppliers | 440/4 | €963 | €3,537 | +€2,574 | +267% |
| Taxes, remuneration and social security | 45 | €3,600 | €1,822 | -€1,778 | -49.4% |
| Taxes | 450/3 | €3,600 | €450 | -€3,150 | -87.5% |
| Remuneration and social security | 454/9 | - | €1,372 | +€1,372 | |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Non-recurring operating income | 76A | - | €1,446 | +€1,446 | |
| Remuneration, social security and pensions | 62 | - | €11,201 | +€11,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,228 | €6,426 | -€7,802 | -54.8% |
| Other operating charges | 640/8 | €1,781 | €1,323 | -€458 | -25.7% |
| Gross operating margin | 9900 | €26,556 | €33,742 | +€7,186 | +27.1% |
| Operating profit (loss) | 9901 | €10,548 | €14,792 | +€4,245 | +40.2% |
| Financial income | 75/76B | €837 | €811 | -€26 | -3.1% |
| Recurring financial income | 75 | €837 | €811 | -€26 | -3.1% |
| Financial charges | 65/66B | €3,058 | €3,071 | +€13 | +0.4% |
| Recurring financial charges | 65 | €3,058 | €3,071 | +€13 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €8,327 | €12,532 | +€4,205 | +50.5% |
| Income taxes | 67/77 | €1,911 | €3,450 | +€1,539 | +80.6% |
| Profit (loss) for the period | 9904 | €6,416 | €9,082 | +€2,666 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,416 | €9,082 | +€2,666 | +41.5% |
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 13 October 2026 via checked.be.