JT CONCEPT: 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.
JT CONCEPT
Largest movements
- Receivables within one year -€175
down €175 (-35.0%), from €499 to €325
of which Other amounts receivable: -€175
- Cash -€129
down €129 (-15.7%), from €821 to €692
mainly Net result for the year (-€10,495) and Accrued charges and deferred income (-€9,000)
- Other debts +€19,065
up €19,065 (+144.2%), from €13,223 to €32,288
- Profit (loss) carried forward -€10,495
down €10,495 (-26.2%), from -€40,109 to -€50,603
- Accrued charges and deferred income -€9,000
no longer reported in 2025 (was €9,000)
- Trade debts +€125
up €125 (+0.7%), from €17,706 to €17,831
- Depreciation -€20,797
no longer reported in 2025 (was €20,797)
- Gross operating margin -€9,573
down €9,573, from €2,747 to -€6,826
- Financial charges +€3,061
up €3,061 (+503.2%), from €608 to €3,669
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €1,321 | €1,017 | -€304 | -23.0% |
| Current assets | 29/58 | €1,321 | €1,017 | -€304 | -23.0% |
| Amounts receivable within one year | 40/41 | €499 | €325 | -€175 | -35.0% |
| Trade receivables | 40 | €205 | €205 | = | 0.0% |
| Other amounts receivable | 41 | €294 | €120 | -€175 | -59.4% |
| Cash at bank and in hand | 54/58 | €821 | €692 | -€129 | -15.7% |
| Total equity and liabilities | 10/49 | €1,321 | €1,017 | -€304 | -23.0% |
| Equity | 10/15 | -€38,609 | -€49,103 | -€10,495 | -27.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,109 | -€50,603 | -€10,495 | -26.2% |
| Amounts payable | 17/49 | €39,929 | €50,120 | +€10,191 | +25.5% |
| Amounts payable within one year | 42/48 | €30,929 | €50,120 | +€19,191 | +62.0% |
| Trade debts | 44 | €17,706 | €17,831 | +€125 | +0.7% |
| Suppliers | 440/4 | €17,706 | €17,831 | +€125 | +0.7% |
| Other amounts payable | 47/48 | €13,223 | €32,288 | +€19,065 | +144.2% |
| Accrued charges and deferred income | 492/3 | €9,000 | - | -€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,797 | - | -€20,797 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €2,747 | -€6,826 | -€9,573 | |
| Operating profit (loss) | 9901 | -€18,437 | -€6,826 | +€11,612 | +63.0% |
| Financial charges | 65/66B | €608 | €3,669 | +€3,061 | +503.2% |
| Recurring financial charges | 65 | €608 | €3,669 | +€3,061 | +503.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,045 | -€10,495 | +€8,551 | +44.9% |
| Profit (loss) for the period | 9904 | -€19,045 | -€10,495 | +€8,551 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,045 | -€10,495 | +€8,551 | +44.9% |
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 10 October 2026 via checked.be.