JT TEGELDEPOT: 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 TEGELDEPOT
Largest movements
- Stocks and contracts -€13,832
down €13,832 (-8.4%), from €164,250 to €150,418
- Receivables within one year +€5,736
up €5,736 (+20.0%), from €28,678 to €34,413
of which Other amounts receivable: +€7,052
- Cash -€5,190
down €5,190 (-28.5%), from €18,188 to €12,998
mainly Net result for the year (-€8,759) and Investment in fixed assets (net) (-€7,457)
- Tangible fixed assets +€4,017
up €4,017 (+49.8%), from €8,072 to €12,089
of which Furniture and vehicles: +€5,848
- Accrued charges and deferred income +€9,298
new in 2025: €9,298
- Profit (loss) carried forward -€8,759
new in 2025: -€8,759
- Trade debts -€6,215
down €6,215 (-32.4%), from €19,154 to €12,940
- Tax, wage and social debts -€3,983
down €3,983 (-40.8%), from €9,758 to €5,774
- Gross operating margin -€13,179
down €13,179, from €11,821 to -€1,358
- Financial income +€2,826
up €2,826 (+1,088%), from €260 to €3,086
- Taxes -€2,400
down €2,400 (-83.2%), from €2,884 to €484
- Other operating charges +€1,975
up €1,975 (+53.3%), from €3,707 to €5,682
- Financial charges -€580
down €580 (-39.7%), from €1,461 to €881
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 | €220,484 | €210,825 | -€9,660 | -4.4% |
| Fixed assets | 21/28 | €8,072 | €12,089 | +€4,017 | +49.8% |
| Tangible fixed assets | 22/27 | €8,072 | €12,089 | +€4,017 | +49.8% |
| Plant, machinery and equipment | 23 | €1,866 | €666 | -€1,200 | -64.3% |
| Furniture and vehicles | 24 | €1,102 | €6,950 | +€5,848 | +530% |
| Other tangible fixed assets | 26 | €5,104 | €4,474 | -€631 | -12.4% |
| Current assets | 29/58 | €212,412 | €198,735 | -€13,677 | -6.4% |
| Stocks and contracts in progress | 3 | €164,250 | €150,418 | -€13,832 | -8.4% |
| Stocks | 30/36 | €164,250 | €150,418 | -€13,832 | -8.4% |
| Amounts receivable within one year | 40/41 | €28,678 | €34,413 | +€5,736 | +20.0% |
| Trade receivables | 40 | €26,195 | €24,878 | -€1,316 | -5.0% |
| Other amounts receivable | 41 | €2,483 | €9,535 | +€7,052 | +284% |
| Cash at bank and in hand | 54/58 | €18,188 | €12,998 | -€5,190 | -28.5% |
| Deferred charges and accrued income | 490/1 | €1,296 | €906 | -€390 | -30.1% |
| Total equity and liabilities | 10/49 | €220,484 | €210,825 | -€9,660 | -4.4% |
| Equity | 10/15 | €191,572 | €182,813 | -€8,759 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €172,980 | €172,980 | = | 0.0% |
| Distributable reserves | 133 | €172,980 | €172,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,759 | -€8,759 | |
| Amounts payable | 17/49 | €28,912 | €28,011 | -€901 | -3.1% |
| Amounts payable within one year | 42/48 | €28,912 | €18,714 | -€10,198 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €19,154 | €12,940 | -€6,215 | -32.4% |
| Suppliers | 440/4 | €19,154 | €12,940 | -€6,215 | -32.4% |
| Taxes, remuneration and social security | 45 | €9,758 | €5,774 | -€3,983 | -40.8% |
| Taxes | 450/3 | €9,758 | €5,774 | -€3,983 | -40.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €9,298 | +€9,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,310 | €3,440 | +€130 | +3.9% |
| Other operating charges | 640/8 | €3,707 | €5,682 | +€1,975 | +53.3% |
| Gross operating margin | 9900 | €11,821 | -€1,358 | -€13,179 | |
| Operating profit (loss) | 9901 | €4,804 | -€10,480 | -€15,285 | |
| Financial income | 75/76B | €260 | €3,086 | +€2,826 | +1,088% |
| Recurring financial income | 75 | €260 | €3,086 | +€2,826 | +1,088% |
| Financial charges | 65/66B | €1,461 | €881 | -€580 | -39.7% |
| Recurring financial charges | 65 | €1,461 | €881 | -€580 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €3,603 | -€8,275 | -€11,878 | |
| Income taxes | 67/77 | €2,884 | €484 | -€2,400 | -83.2% |
| Profit (loss) for the period | 9904 | €719 | -€8,759 | -€9,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €719 | -€8,759 | -€9,478 |
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 29 October 2026 via checked.be.