JT: 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.
JT
Largest movements
- Current investments +€50,000
new in 2024: €50,000
- Cash -€20,009
down €20,009 (-6.7%), from €300,251 to €280,242
mainly Current investments (-€50,000) and Debts after one year (-€37,315)
- Intangible fixed assets -€15,500
down €15,500 (-15.7%), from €99,026 to €83,526
- Tangible fixed assets -€11,823
down €11,823 (-24.9%), from €47,445 to €35,622
- Receivables within one year +€6,263
new in 2024: €6,263
- Profit (loss) carried forward +€41,258
up €41,258 (+35.7%), from €115,674 to €156,932
- Debts after one year -€37,315
down €37,315 (-27.5%), from €135,692 to €98,377
- Trade debts +€30,059
up €30,059 (+31.1%), from €96,556 to €126,615
- Accrued charges and deferred income -€18,000
down €18,000 (-69.3%), from €25,963 to €7,963
- Tax, wage and social debts -€10,559
down €10,559 (-42.0%), from €25,169 to €14,610
of which Taxes: -€9,489
- Gross operating margin -€19,600
down €19,600 (-7.9%), from €246,966 to €227,366
- Taxes -€8,269
down €8,269 (-29.8%), from €27,768 to €19,500
- Staff costs -€6,904
down €6,904 (-6.6%), from €104,688 to €97,784
- Other operating charges +€4,036
up €4,036 (+69.0%), from €5,849 to €9,885
- Financial income +€2,542
new in 2024: €2,542
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 | €565,767 | €576,923 | +€11,156 | +2.0% |
| Formation expenses | 20 | €253 | - | -€253 | |
| Fixed assets | 21/28 | €147,057 | €119,734 | -€27,323 | -18.6% |
| Intangible fixed assets | 21 | €99,026 | €83,526 | -€15,500 | -15.7% |
| Tangible fixed assets | 22/27 | €47,445 | €35,622 | -€11,823 | -24.9% |
| Plant, machinery and equipment | 23 | €47,445 | €35,622 | -€11,823 | -24.9% |
| Financial fixed assets | 28 | €586 | €586 | = | 0.0% |
| Current assets | 29/58 | €418,457 | €457,189 | +€38,732 | +9.3% |
| Stocks and contracts in progress | 3 | €108,352 | €113,544 | +€5,192 | +4.8% |
| Stocks | 30/36 | €108,352 | €113,544 | +€5,192 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €6,263 | +€6,263 | |
| Other amounts receivable | 41 | - | €6,263 | +€6,263 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €300,251 | €280,242 | -€20,009 | -6.7% |
| Deferred charges and accrued income | 490/1 | €9,854 | €7,140 | -€2,714 | -27.5% |
| Total equity and liabilities | 10/49 | €565,767 | €576,923 | +€11,156 | +2.0% |
| Equity | 10/15 | €220,674 | €261,932 | +€41,258 | +18.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,674 | €156,932 | +€41,258 | +35.7% |
| Amounts payable | 17/49 | €345,092 | €314,991 | -€30,102 | -8.7% |
| Amounts payable after more than one year | 17 | €135,692 | €98,377 | -€37,315 | -27.5% |
| Financial debts | 170/4 | €135,692 | €98,377 | -€37,315 | -27.5% |
| Amounts payable within one year | 42/48 | €183,437 | €208,651 | +€25,214 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €41,601 | €37,315 | -€4,286 | -10.3% |
| Trade debts | 44 | €96,556 | €126,615 | +€30,059 | +31.1% |
| Suppliers | 440/4 | €96,556 | €126,615 | +€30,059 | +31.1% |
| Taxes, remuneration and social security | 45 | €25,169 | €14,610 | -€10,559 | -42.0% |
| Taxes | 450/3 | €12,714 | €3,225 | -€9,489 | -74.6% |
| Remuneration and social security | 454/9 | €12,455 | €11,385 | -€1,070 | -8.6% |
| Other amounts payable | 47/48 | €20,111 | €30,111 | +€10,000 | +49.7% |
| Accrued charges and deferred income | 492/3 | €25,963 | €7,963 | -€18,000 | -69.3% |
| Remuneration, social security and pensions | 62 | €104,688 | €97,784 | -€6,904 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,883 | €27,576 | -€306 | -1.1% |
| Other operating charges | 640/8 | €5,849 | €9,885 | +€4,036 | +69.0% |
| Gross operating margin | 9900 | €246,966 | €227,366 | -€19,600 | -7.9% |
| Operating profit (loss) | 9901 | €108,547 | €92,121 | -€16,426 | -15.1% |
| Financial income | 75/76B | - | €2,542 | +€2,542 | |
| Recurring financial income | 75 | - | €2,542 | +€2,542 | |
| Financial charges | 65/66B | €4,228 | €3,905 | -€323 | -7.6% |
| Recurring financial charges | 65 | €4,228 | €3,905 | -€323 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €104,318 | €90,758 | -€13,561 | -13.0% |
| Income taxes | 67/77 | €27,768 | €19,500 | -€8,269 | -29.8% |
| Profit (loss) for the period | 9904 | €76,550 | €71,258 | -€5,292 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,550 | €71,258 | -€5,292 | -6.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.