JITHO: 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.
JITHO
Largest movements
- Tangible fixed assets -€22,180
down €22,180 (-5.9%), from €372,840 to €350,660
of which Other tangible fixed assets: -€11,802
- Stocks and contracts +€12,966
up €12,966 (+23.1%), from €56,009 to €68,975
- Tax, wage and social debts -€12,943
down €12,943 (-48.3%), from €26,776 to €13,833
of which Remuneration and social security: -€15,986
- Trade debts +€12,382
up €12,382 (+52.8%), from €23,456 to €35,838
- Other debts -€11,795
down €11,795 (-25.7%), from €45,933 to €34,138
- Profit (loss) carried forward +€9,240
up €9,240 (+17.8%), from €51,808 to €61,048
- Debts after one year -€6,240
down €6,240 (-2.5%), from €248,906 to €242,666
- Depreciation -€34,133
down €34,133 (-55.6%), from €61,360 to €27,227
- Financial charges +€7,833
up €7,833 (+77.6%), from €10,098 to €17,931
- Gross operating margin -€7,053
down €7,053 (-9.8%), from €71,654 to €64,601
- Other operating charges -€4,107
down €4,107 (-41.1%), from €9,990 to €5,883
- Taxes +€1,649
up €1,649 (+298.3%), from €553 to €2,202
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 | €438,039 | €428,016 | -€10,023 | -2.3% |
| Fixed assets | 21/28 | €373,990 | €351,710 | -€22,280 | -6.0% |
| Tangible fixed assets | 22/27 | €372,840 | €350,660 | -€22,180 | -5.9% |
| Land and buildings | 22 | €274,529 | €265,802 | -€8,728 | -3.2% |
| Plant, machinery and equipment | 23 | €8,262 | €7,759 | -€503 | -6.1% |
| Furniture and vehicles | 24 | €1,309 | €162 | -€1,148 | -87.6% |
| Other tangible fixed assets | 26 | €88,739 | €76,938 | -€11,802 | -13.3% |
| Financial fixed assets | 28 | €1,150 | €1,050 | -€100 | -8.7% |
| Current assets | 29/58 | €64,049 | €76,307 | +€12,257 | +19.1% |
| Stocks and contracts in progress | 3 | €56,009 | €68,975 | +€12,966 | +23.1% |
| Stocks | 30/36 | €56,009 | €68,975 | +€12,966 | +23.1% |
| Amounts receivable within one year | 40/41 | €2,535 | €1,449 | -€1,085 | -42.8% |
| Trade receivables | 40 | €250 | €0 | -€250 | -100.0% |
| Other amounts receivable | 41 | €2,285 | €1,449 | -€835 | -36.6% |
| Current investments | 50/53 | €1 | €0 | -€1 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,922 | €3,417 | +€1,495 | +77.8% |
| Deferred charges and accrued income | 490/1 | €3,582 | €2,465 | -€1,118 | -31.2% |
| Total equity and liabilities | 10/49 | €438,039 | €428,016 | -€10,023 | -2.3% |
| Equity | 10/15 | €72,268 | €81,508 | +€9,240 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,808 | €61,048 | +€9,240 | +17.8% |
| Amounts payable | 17/49 | €365,771 | €346,508 | -€19,262 | -5.3% |
| Amounts payable after more than one year | 17 | €248,906 | €242,666 | -€6,240 | -2.5% |
| Financial debts | 170/4 | €248,906 | €242,666 | -€6,240 | -2.5% |
| Amounts payable within one year | 42/48 | €115,702 | €102,811 | -€12,891 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €6,465 | €6,748 | +€283 | +4.4% |
| Financial debts | 43 | €10,622 | €11,174 | +€552 | +5.2% |
| Credit institutions | 430/8 | €10,622 | €11,174 | +€552 | +5.2% |
| Trade debts | 44 | €23,456 | €35,838 | +€12,382 | +52.8% |
| Suppliers | 440/4 | €23,456 | €35,838 | +€12,382 | +52.8% |
| Advances received on contracts in progress | 46 | €2,450 | €1,080 | -€1,370 | -55.9% |
| Taxes, remuneration and social security | 45 | €26,776 | €13,833 | -€12,943 | -48.3% |
| Taxes | 450/3 | €10,776 | €13,819 | +€3,043 | +28.2% |
| Remuneration and social security | 454/9 | €16,000 | €14 | -€15,986 | -99.9% |
| Other amounts payable | 47/48 | €45,933 | €34,138 | -€11,795 | -25.7% |
| Accrued charges and deferred income | 492/3 | €1,163 | €1,031 | -€132 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,360 | €27,227 | -€34,133 | -55.6% |
| Other operating charges | 640/8 | €9,990 | €5,883 | -€4,107 | -41.1% |
| Non-recurring operating charges | 66A | - | €655 | +€655 | |
| Gross operating margin | 9900 | €71,654 | €64,601 | -€7,053 | -9.8% |
| Operating profit (loss) | 9901 | €304 | €30,836 | +€30,532 | +10043.8% |
| Financial income | 75/76B | €1 | €203 | +€202 | +19610.7% |
| Recurring financial income | 75 | €1 | €203 | +€202 | +19610.7% |
| Financial charges | 65/66B | €10,098 | €17,931 | +€7,833 | +77.6% |
| Recurring financial charges | 65 | €10,098 | €17,931 | +€7,833 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,793 | €13,108 | +€22,901 | |
| Income taxes | 67/77 | €553 | €2,202 | +€1,649 | +298.3% |
| Profit (loss) for the period | 9904 | -€10,346 | €10,906 | +€21,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,346 | €10,906 | +€21,252 |
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 29 September 2026 via checked.be.