JIT Management: 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.
JIT Management
Largest movements
- Receivables within one year +€81,422
up €81,422 (+10.0%), from €812,665 to €894,087
of which Other amounts receivable: +€83,732
- Cash -€71,398
down €71,398 (-27.0%), from €264,174 to €192,776
mainly Other debts (-€262,302) and Contributions, distributions and other (-€250,000)
- Tangible fixed assets -€34,767
down €34,767 (-6.3%), from €550,225 to €515,458
of which Furniture and vehicles: -€24,948
- Profit (loss) carried forward +€275,916
up €275,916 (+30.2%), from €914,211 to €1.2m
- Other debts -€262,302
down €262,302 (-91.6%), from €286,498 to €24,196
- Debts after one year -€30,283
down €30,283 (-8.9%), from €338,458 to €308,175
- Financial income +€282,305
up €282,305 (+42.3%), from €667,136 to €949,441
of which Non-recurring financial income: +€889,237
- Financial charges +€157,690
up €157,690 (+2,698%), from €5,844 to €163,534
- Taxes +€71,500
up €71,500 (+69.2%), from €103,272 to €174,772
- Gross operating margin +€5,209
up €5,209 (+14.1%), from -€37,035 to -€31,826
- Other operating charges +€4,736
up €4,736 (+51.1%), from €9,271 to €14,007
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 | €1,628,729 | €1,605,901 | -€22,828 | -1.4% |
| Fixed assets | 21/28 | €550,225 | €515,458 | -€34,767 | -6.3% |
| Tangible fixed assets | 22/27 | €550,225 | €515,458 | -€34,767 | -6.3% |
| Land and buildings | 22 | €485,347 | €476,042 | -€9,305 | -1.9% |
| Plant, machinery and equipment | 23 | €1,528 | €1,014 | -€514 | -33.6% |
| Furniture and vehicles | 24 | €63,350 | €38,402 | -€24,948 | -39.4% |
| Current assets | 29/58 | €1,078,504 | €1,090,443 | +€11,939 | +1.1% |
| Amounts receivable within one year | 40/41 | €812,665 | €894,087 | +€81,422 | +10.0% |
| Trade receivables | 40 | €21,010 | €18,700 | -€2,310 | -11.0% |
| Other amounts receivable | 41 | €791,655 | €875,387 | +€83,732 | +10.6% |
| Cash at bank and in hand | 54/58 | €264,174 | €192,776 | -€71,398 | -27.0% |
| Deferred charges and accrued income | 490/1 | €1,665 | €3,580 | +€1,915 | +115% |
| Total equity and liabilities | 10/49 | €1,628,729 | €1,605,901 | -€22,828 | -1.4% |
| Equity | 10/15 | €919,711 | €1,195,627 | +€275,916 | +30.0% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €914,211 | €1,190,127 | +€275,916 | +30.2% |
| Amounts payable | 17/49 | €709,018 | €410,275 | -€298,743 | -42.1% |
| Amounts payable after more than one year | 17 | €338,458 | €308,175 | -€30,283 | -8.9% |
| Financial debts | 170/4 | €338,458 | €308,175 | -€30,283 | -8.9% |
| Amounts payable within one year | 42/48 | €370,560 | €102,100 | -€268,460 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €43,046 | €30,282 | -€12,764 | -29.7% |
| Trade debts | 44 | €3,516 | €10,122 | +€6,606 | +188% |
| Suppliers | 440/4 | €3,516 | €10,122 | +€6,606 | +188% |
| Taxes, remuneration and social security | 45 | €37,500 | €37,500 | = | 0.0% |
| Taxes | 450/3 | €37,500 | €37,500 | = | 0.0% |
| Other amounts payable | 47/48 | €286,498 | €24,196 | -€262,302 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,108 | €39,386 | +€1,278 | +3.4% |
| Other operating charges | 640/8 | €9,271 | €14,007 | +€4,736 | +51.1% |
| Gross operating margin | 9900 | -€37,035 | -€31,826 | +€5,209 | +14.1% |
| Operating profit (loss) | 9901 | -€84,414 | -€85,219 | -€805 | -1.0% |
| Financial income | 75/76B | €667,136 | €949,441 | +€282,305 | +42.3% |
| Recurring financial income | 75 | €666,172 | €59,240 | -€606,932 | -91.1% |
| Non-recurring financial income | 76B | €964 | €890,201 | +€889,237 | +92,244% |
| Financial charges | 65/66B | €5,844 | €163,534 | +€157,690 | +2,698% |
| Recurring financial charges | 65 | €5,844 | €163,534 | +€157,690 | +2,698% |
| Profit (loss) for the period before taxes | 9903 | €576,878 | €700,688 | +€123,810 | +21.5% |
| Income taxes | 67/77 | €103,272 | €174,772 | +€71,500 | +69.2% |
| Profit (loss) for the period | 9904 | €473,606 | €525,916 | +€52,310 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €473,606 | €525,916 | +€52,310 | +11.0% |
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 20 October 2026 via checked.be.