JCT: what changed
Two fiscal 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.
JCT
Largest movements
- Tangible fixed assets -€20,648
down €20,648 (-23.2%), from €89,113 to €68,464
of which Furniture and vehicles: -€12,419
- Receivables within one year -€9,726
down €9,726 (-28.0%), from €34,690 to €24,964
of which Trade receivables: -€11,728
- Cash +€1,993
up €1,993 (+45.3%), from €4,398 to €6,391
mainly Depreciation (+€21,962) and Receivables within one year (+€9,726)
- Profit (loss) carried forward -€17,775
new in 2025: -€17,775
- Tax, wage and social debts -€7,663
down €7,663 (-66.1%), from €11,598 to €3,935
- Other debts +€4,917
up €4,917 (+17.1%), from €28,778 to €33,694
- Debts after one year -€4,637
no longer reported in 2025 (was €4,637)
- Current portion of long-term debt -€4,568
down €4,568 (-49.6%), from €9,206 to €4,637
- Gross operating margin -€33,528
down €33,528 (-85.1%), from €39,396 to €5,868
- Taxes -€4,935
no longer reported in 2025 (was €4,935)
- Other operating charges +€657
up €657 (+73.1%), from €898 to €1,555
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 | €134,381 | €105,724 | -€28,656 | -21.3% |
| Fixed assets | 21/28 | €89,654 | €68,995 | -€20,658 | -23.0% |
| Tangible fixed assets | 22/27 | €89,113 | €68,464 | -€20,648 | -23.2% |
| Plant, machinery and equipment | 23 | €13,782 | €9,144 | -€4,638 | -33.7% |
| Furniture and vehicles | 24 | €44,559 | €32,140 | -€12,419 | -27.9% |
| Leasing and similar rights | 25 | €27,738 | €24,474 | -€3,263 | -11.8% |
| Other tangible fixed assets | 26 | €3,035 | €2,706 | -€329 | -10.8% |
| Financial fixed assets | 28 | €541 | €531 | -€10 | -1.8% |
| Current assets | 29/58 | €44,727 | €36,729 | -€7,998 | -17.9% |
| Amounts receivable within one year | 40/41 | €34,690 | €24,964 | -€9,726 | -28.0% |
| Trade receivables | 40 | €34,623 | €22,895 | -€11,728 | -33.9% |
| Other amounts receivable | 41 | €67 | €2,069 | +€2,002 | +2980.1% |
| Cash at bank and in hand | 54/58 | €4,398 | €6,391 | +€1,993 | +45.3% |
| Deferred charges and accrued income | 490/1 | €5,639 | €5,374 | -€265 | -4.7% |
| Total equity and liabilities | 10/49 | €134,381 | €105,724 | -€28,656 | -21.3% |
| Equity | 10/15 | €65,514 | €47,628 | -€17,886 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,914 | €46,803 | -€111 | -0.2% |
| Distributable reserves | 133 | €46,914 | €46,803 | -€111 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€17,775 | -€17,775 | |
| Amounts payable | 17/49 | €68,867 | €58,097 | -€10,770 | -15.6% |
| Amounts payable after more than one year | 17 | €4,637 | - | -€4,637 | |
| Financial debts | 170/4 | €4,637 | - | -€4,637 | |
| Amounts payable within one year | 42/48 | €64,229 | €55,697 | -€8,533 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €9,206 | €4,637 | -€4,568 | -49.6% |
| Trade debts | 44 | €14,648 | €13,430 | -€1,218 | -8.3% |
| Suppliers | 440/4 | €14,648 | €13,430 | -€1,218 | -8.3% |
| Taxes, remuneration and social security | 45 | €11,598 | €3,935 | -€7,663 | -66.1% |
| Taxes | 450/3 | €11,598 | €3,935 | -€7,663 | -66.1% |
| Other amounts payable | 47/48 | €28,778 | €33,694 | +€4,917 | +17.1% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,784 | €21,962 | +€177 | +0.8% |
| Other operating charges | 640/8 | €898 | €1,555 | +€657 | +73.1% |
| Non-recurring operating charges | 66A | - | €60 | +€60 | |
| Gross operating margin | 9900 | €39,396 | €5,868 | -€33,528 | -85.1% |
| Operating profit (loss) | 9901 | €16,713 | -€17,709 | -€34,423 | |
| Financial income | 75/76B | €181 | €71 | -€110 | -60.9% |
| Recurring financial income | 75 | €181 | €71 | -€110 | -60.9% |
| Financial charges | 65/66B | €307 | €248 | -€59 | -19.2% |
| Recurring financial charges | 65 | €307 | €248 | -€59 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €16,588 | -€17,886 | -€34,474 | |
| Income taxes | 67/77 | €4,935 | - | -€4,935 | |
| Profit (loss) for the period | 9904 | €11,653 | -€17,886 | -€29,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,653 | -€17,886 | -€29,539 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.