JOTREX: 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.
JOTREX
Largest movements
- Stocks and contracts +€8,631
up €8,631 (+27.2%), from €31,721 to €40,352
- Receivables within one year -€7,457
down €7,457 (-69.2%), from €10,770 to €3,313
of which Trade receivables: -€7,457
- Cash +€1,964
up €1,964 (+104.9%), from €1,873 to €3,837
mainly Net result for the year (+€20,371) and Receivables within one year (+€7,457)
- Tangible fixed assets -€1,399
down €1,399 (-69.6%), from €2,009 to €610
- Profit (loss) carried forward +€20,371
up €20,371 (+27.3%), from -€74,510 to -€54,139
- Other debts -€18,181
down €18,181 (-48.2%), from €37,690 to €19,510
- Trade debts -€2,247
down €2,247 (-5.2%), from €42,874 to €40,628
- Tax, wage and social debts +€1,465
up €1,465 (+7.9%), from €18,565 to €20,029
of which Remuneration and social security: +€4,837
- Gross operating margin +€35,949
up €35,949 (+50.8%), from €70,763 to €106,711
- Staff costs +€11,209
up €11,209 (+15.9%), from €70,320 to €81,529
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,742 | €49,151 | +€1,408 | +2.9% |
| Fixed assets | 21/28 | €2,149 | €749 | -€1,399 | -65.1% |
| Tangible fixed assets | 22/27 | €2,009 | €610 | -€1,399 | -69.6% |
| Furniture and vehicles | 24 | €2,009 | €610 | -€1,399 | -69.6% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €45,593 | €48,401 | +€2,808 | +6.2% |
| Stocks and contracts in progress | 3 | €31,721 | €40,352 | +€8,631 | +27.2% |
| Stocks | 30/36 | €31,721 | €40,352 | +€8,631 | +27.2% |
| Amounts receivable within one year | 40/41 | €10,770 | €3,313 | -€7,457 | -69.2% |
| Trade receivables | 40 | €7,922 | €465 | -€7,457 | -94.1% |
| Other amounts receivable | 41 | €2,848 | €2,848 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,873 | €3,837 | +€1,964 | +104.9% |
| Deferred charges and accrued income | 490/1 | €1,229 | €899 | -€331 | -26.9% |
| Total equity and liabilities | 10/49 | €47,742 | €49,151 | +€1,408 | +2.9% |
| Equity | 10/15 | -€51,638 | -€31,267 | +€20,371 | +39.4% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Capital | 10 | €17,000 | €17,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,872 | €5,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €3,872 | €3,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,510 | -€54,139 | +€20,371 | +27.3% |
| Amounts payable | 17/49 | €99,380 | €80,418 | -€18,962 | -19.1% |
| Amounts payable within one year | 42/48 | €99,380 | €80,418 | -€18,962 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €251 | €251 | +€0 | 0.0% |
| Trade debts | 44 | €42,874 | €40,628 | -€2,247 | -5.2% |
| Suppliers | 440/4 | €42,874 | €40,628 | -€2,247 | -5.2% |
| Taxes, remuneration and social security | 45 | €18,565 | €20,029 | +€1,465 | +7.9% |
| Taxes | 450/3 | €5,747 | €2,375 | -€3,372 | -58.7% |
| Remuneration and social security | 454/9 | €12,817 | €17,654 | +€4,837 | +37.7% |
| Other amounts payable | 47/48 | €37,690 | €19,510 | -€18,181 | -48.2% |
| Remuneration, social security and pensions | 62 | €70,320 | €81,529 | +€11,209 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,399 | €1,399 | = | 0.0% |
| Other operating charges | 640/8 | €1,476 | €1,439 | -€37 | -2.5% |
| Gross operating margin | 9900 | €70,763 | €106,711 | +€35,949 | +50.8% |
| Operating profit (loss) | 9901 | -€2,433 | €22,344 | +€24,777 | |
| Financial income | 75/76B | €17 | €3 | -€14 | -80.8% |
| Recurring financial income | 75 | €17 | €3 | -€14 | -80.8% |
| Financial charges | 65/66B | €2,049 | €1,825 | -€224 | -10.9% |
| Recurring financial charges | 65 | €2,049 | €1,825 | -€224 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,465 | €20,523 | +€24,988 | |
| Income taxes | 67/77 | €152 | €152 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,617 | €20,371 | +€24,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,617 | €20,371 | +€24,988 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.