JT-PROJECTS: 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-PROJECTS
Largest movements
- Receivables within one year +€211,156
up €211,156 (+208%), from €101,292 to €312,448
of which Trade receivables: +€161,273
- Tangible fixed assets -€33,418
down €33,418 (-21.7%), from €153,712 to €120,295
of which Leasing and similar rights: -€31,606
- Cash +€13,127
up €13,127 (+48.3%), from €27,196 to €40,323
mainly Trade debts (+€116,681) and Net result for the year (+€102,955)
- Stocks and contracts +€6,848
up €6,848 (+274%), from €2,500 to €9,348
- Trade debts +€116,681
up €116,681 (+218%), from €53,405 to €170,086
- Reserves +€102,955
up €102,955 (+155%), from €66,295 to €169,250
- Debts after one year -€34,786
down €34,786 (-37.3%), from €93,257 to €58,471
- Tax, wage and social debts +€32,367
up €32,367 (+139%), from €23,328 to €55,694
- Other debts -€9,272
no longer reported in 2025 (was €9,272)
- Gross operating margin +€179,244
up €179,244 (+112%), from €159,663 to €338,907
- Staff costs +€108,786
up €108,786 (+208%), from €52,204 to €160,990
- Depreciation +€22,497
up €22,497 (+184%), from €12,208 to €34,705
- Taxes +€8,255
up €8,255 (+35.4%), from €23,328 to €31,583
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 | €286,797 | €491,288 | +€204,491 | +71.3% |
| Fixed assets | 21/28 | €153,712 | €123,145 | -€30,568 | -19.9% |
| Tangible fixed assets | 22/27 | €153,712 | €120,295 | -€33,418 | -21.7% |
| Plant, machinery and equipment | 23 | €13,482 | €11,671 | -€1,811 | -13.4% |
| Leasing and similar rights | 25 | €140,230 | €108,624 | -€31,606 | -22.5% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €133,085 | €368,143 | +€235,058 | +177% |
| Stocks and contracts in progress | 3 | €2,500 | €9,348 | +€6,848 | +274% |
| Stocks | 30/36 | €2,500 | €9,348 | +€6,848 | +274% |
| Amounts receivable within one year | 40/41 | €101,292 | €312,448 | +€211,156 | +208% |
| Trade receivables | 40 | €30,079 | €191,352 | +€161,273 | +536% |
| Other amounts receivable | 41 | €71,213 | €121,096 | +€49,883 | +70.0% |
| Cash at bank and in hand | 54/58 | €27,196 | €40,323 | +€13,127 | +48.3% |
| Deferred charges and accrued income | 490/1 | €2,096 | €6,024 | +€3,928 | +187% |
| Total equity and liabilities | 10/49 | €286,797 | €491,288 | +€204,491 | +71.3% |
| Equity | 10/15 | €69,295 | €172,250 | +€102,955 | +149% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,295 | €169,250 | +€102,955 | +155% |
| Distributable reserves | 133 | €66,295 | €169,250 | +€102,955 | +155% |
| Amounts payable | 17/49 | €217,502 | €319,038 | +€101,535 | +46.7% |
| Amounts payable after more than one year | 17 | €93,257 | €58,471 | -€34,786 | -37.3% |
| Financial debts | 170/4 | €93,257 | €58,471 | -€34,786 | -37.3% |
| Amounts payable within one year | 42/48 | €124,245 | €260,566 | +€136,321 | +110% |
| Current portion of amounts payable after more than one year | 42 | €38,241 | €34,786 | -€3,455 | -9.0% |
| Trade debts | 44 | €53,405 | €170,086 | +€116,681 | +218% |
| Suppliers | 440/4 | €53,405 | €170,086 | +€116,681 | +218% |
| Taxes, remuneration and social security | 45 | €23,328 | €55,694 | +€32,367 | +139% |
| Taxes | 450/3 | €23,328 | €55,694 | +€32,367 | +139% |
| Other amounts payable | 47/48 | €9,272 | - | -€9,272 | |
| Non-recurring operating income | 76A | €12,604 | - | -€12,604 | |
| Remuneration, social security and pensions | 62 | €52,204 | €160,990 | +€108,786 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,208 | €34,705 | +€22,497 | +184% |
| Other operating charges | 640/8 | €1,999 | €2,846 | +€848 | +42.4% |
| Gross operating margin | 9900 | €159,663 | €338,907 | +€179,244 | +112% |
| Operating profit (loss) | 9901 | €93,253 | €140,366 | +€47,114 | +50.5% |
| Financial income | 75/76B | €9 | €21 | +€13 | +149% |
| Recurring financial income | 75 | €9 | €21 | +€13 | +149% |
| Financial charges | 65/66B | €3,639 | €5,849 | +€2,210 | +60.7% |
| Recurring financial charges | 65 | €3,639 | €5,849 | +€2,210 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €89,622 | €134,538 | +€44,916 | +50.1% |
| Income taxes | 67/77 | €23,328 | €31,583 | +€8,255 | +35.4% |
| Profit (loss) for the period | 9904 | €66,295 | €102,955 | +€36,661 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,295 | €102,955 | +€36,661 | +55.3% |
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 13 October 2026 via checked.be.