JTC: 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.
JTC
Largest movements
- Receivables within one year +€54,985
up €54,985 (+66.7%), from €82,474 to €137,459
of which Trade receivables: +€68,478
- Cash -€44,626
no longer reported in 2025 (was €44,626)
mainly Receivables within one year (-€54,985) and Trade debts (-€23,376)
- Trade debts -€23,376
down €23,376 (-57.9%), from €40,399 to €17,023
- Tax, wage and social debts +€22,763
up €22,763 (+408.3%), from €5,575 to €28,338
- Short-term financial debts +€21,357
new in 2025: €21,357
- Debts after one year -€13,379
down €13,379 (-56.1%), from €23,856 to €10,477
- Other operating charges -€5,362
down €5,362 (-86.7%), from €6,184 to €822
- Financial charges +€4,626
up €4,626 (+71.3%), from €6,490 to €11,116
- Gross operating margin -€3,174
down €3,174 (-11.1%), from €28,622 to €25,449
- Depreciation +€2,606
up €2,606 (+67.3%), from €3,874 to €6,480
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 | €167,906 | €176,671 | +€8,766 | +5.2% |
| Formation expenses | 20 | €780 | - | -€780 | |
| Fixed assets | 21/28 | €40,026 | €39,213 | -€813 | -2.0% |
| Tangible fixed assets | 22/27 | €40,026 | €39,213 | -€813 | -2.0% |
| Furniture and vehicles | 24 | €40,026 | €36,028 | -€3,998 | -10.0% |
| Other tangible fixed assets | 26 | - | €3,185 | +€3,185 | |
| Current assets | 29/58 | €127,100 | €137,459 | +€10,359 | +8.2% |
| Amounts receivable within one year | 40/41 | €82,474 | €137,459 | +€54,985 | +66.7% |
| Trade receivables | 40 | - | €68,478 | +€68,478 | |
| Other amounts receivable | 41 | €82,474 | €68,981 | -€13,493 | -16.4% |
| Cash at bank and in hand | 54/58 | €44,626 | - | -€44,626 | |
| Total equity and liabilities | 10/49 | €167,906 | €176,671 | +€8,766 | +5.2% |
| Equity | 10/15 | €15,917 | €16,655 | +€738 | +4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,917 | €6,655 | +€738 | +12.5% |
| Amounts payable | 17/49 | €151,989 | €160,016 | +€8,027 | +5.3% |
| Amounts payable after more than one year | 17 | €23,856 | €10,477 | -€13,379 | -56.1% |
| Financial debts | 170/4 | €23,856 | €10,477 | -€13,379 | -56.1% |
| Amounts payable within one year | 42/48 | €128,133 | €149,539 | +€21,407 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €12,734 | €13,379 | +€645 | +5.1% |
| Financial debts | 43 | - | €21,357 | +€21,357 | |
| Credit institutions | 430/8 | - | €21,357 | +€21,357 | |
| Trade debts | 44 | €40,399 | €17,023 | -€23,376 | -57.9% |
| Suppliers | 440/4 | €40,399 | €17,023 | -€23,376 | -57.9% |
| Taxes, remuneration and social security | 45 | €5,575 | €28,338 | +€22,763 | +408.3% |
| Taxes | 450/3 | €5,575 | €28,338 | +€22,763 | +408.3% |
| Other amounts payable | 47/48 | €69,424 | €69,443 | +€18 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,874 | €6,480 | +€2,606 | +67.3% |
| Other operating charges | 640/8 | €6,184 | €822 | -€5,362 | -86.7% |
| Gross operating margin | 9900 | €28,622 | €25,449 | -€3,174 | -11.1% |
| Operating profit (loss) | 9901 | €18,564 | €18,147 | -€417 | -2.2% |
| Financial income | 75/76B | €1 | €18 | +€17 | +1871.1% |
| Recurring financial income | 75 | €1 | €18 | +€17 | +1871.1% |
| Financial charges | 65/66B | €6,490 | €11,116 | +€4,626 | +71.3% |
| Recurring financial charges | 65 | €6,490 | €11,116 | +€4,626 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €12,075 | €7,049 | -€5,026 | -41.6% |
| Income taxes | 67/77 | €5,325 | €5,452 | +€127 | +2.4% |
| Profit (loss) for the period | 9904 | €6,750 | €1,597 | -€5,153 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,750 | €1,597 | -€5,153 | -76.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.