JTC GROUP: 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.
JTC GROUP
Largest movements
- Stocks and contracts +€209,807
up €209,807 (+174%), from €120,685 to €330,492
- Receivables within one year +€125,158
up €125,158 (+36.6%), from €342,342 to €467,500
of which Other amounts receivable: +€90,929
- Cash +€48,986
up €48,986 (+252%), from €19,435 to €68,421
mainly Other debts (+€225,960) and Debts after one year (+€120,498)
- Other debts +€225,960
up €225,960 (+106%), from €212,471 to €438,431
- Debts after one year +€120,498
up €120,498 (+1,765%), from €6,827 to €127,325
- Trade debts +€95,810
up €95,810 (+143%), from €67,038 to €162,848
- Tax, wage and social debts -€33,470
down €33,470 (-57.7%), from €57,990 to €24,520
- Profit (loss) carried forward -€25,349
down €25,349 (-15.9%), from €159,871 to €134,522
- Gross operating margin -€104,083
down €104,083, from €89,866 to -€14,217
- Taxes -€24,676
no longer reported in 2025 (was €24,676)
- Financial income +€8,696
up €8,696 (+174%), from €4,995 to €13,691
- Depreciation +€8,580
up €8,580 (+163%), from €5,274 to €13,854
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 | €552,569 | €940,457 | +€387,888 | +70.2% |
| Fixed assets | 21/28 | €65,113 | €59,715 | -€5,397 | -8.3% |
| Tangible fixed assets | 22/27 | €65,113 | €59,715 | -€5,397 | -8.3% |
| Plant, machinery and equipment | 23 | €5,667 | €4,457 | -€1,210 | -21.4% |
| Furniture and vehicles | 24 | €47,195 | €46,071 | -€1,125 | -2.4% |
| Other tangible fixed assets | 26 | €12,251 | €9,188 | -€3,063 | -25.0% |
| Current assets | 29/58 | €487,456 | €880,741 | +€393,285 | +80.7% |
| Stocks and contracts in progress | 3 | €120,685 | €330,492 | +€209,807 | +174% |
| Stocks | 30/36 | €120,685 | €330,492 | +€209,807 | +174% |
| Amounts receivable within one year | 40/41 | €342,342 | €467,500 | +€125,158 | +36.6% |
| Trade receivables | 40 | €67,354 | €101,583 | +€34,228 | +50.8% |
| Other amounts receivable | 41 | €274,988 | €365,917 | +€90,929 | +33.1% |
| Cash at bank and in hand | 54/58 | €19,435 | €68,421 | +€48,986 | +252% |
| Deferred charges and accrued income | 490/1 | €4,994 | €14,328 | +€9,334 | +187% |
| Total equity and liabilities | 10/49 | €552,569 | €940,457 | +€387,888 | +70.2% |
| Equity | 10/15 | €178,933 | €153,583 | -€25,349 | -14.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €511 | €511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €511 | €511 | = | 0.0% |
| Reserves not available under the articles | 1311 | €511 | €511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,871 | €134,522 | -€25,349 | -15.9% |
| Amounts payable | 17/49 | €373,636 | €786,873 | +€413,237 | +111% |
| Amounts payable after more than one year | 17 | €6,827 | €127,325 | +€120,498 | +1,765% |
| Financial debts | 170/4 | €6,827 | €127,325 | +€120,498 | +1,765% |
| Amounts payable within one year | 42/48 | €366,810 | €659,548 | +€292,738 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €4,310 | €4,502 | +€191 | +4.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €67,038 | €162,848 | +€95,810 | +143% |
| Suppliers | 440/4 | €67,038 | €162,848 | +€95,810 | +143% |
| Advances received on contracts in progress | 46 | - | €4,247 | +€4,247 | |
| Taxes, remuneration and social security | 45 | €57,990 | €24,520 | -€33,470 | -57.7% |
| Taxes | 450/3 | €57,990 | €24,520 | -€33,470 | -57.7% |
| Other amounts payable | 47/48 | €212,471 | €438,431 | +€225,960 | +106% |
| Non-recurring operating income | 76A | - | €5,520 | +€5,520 | |
| Remuneration, social security and pensions | 62 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,274 | €13,854 | +€8,580 | +163% |
| Other operating charges | 640/8 | €3,167 | €3,292 | +€125 | +4.0% |
| Non-recurring operating charges | 66A | - | €3,366 | +€3,366 | |
| Gross operating margin | 9900 | €89,866 | -€14,217 | -€104,083 | |
| Operating profit (loss) | 9901 | €81,220 | -€34,729 | -€115,949 | |
| Financial income | 75/76B | €4,995 | €13,691 | +€8,696 | +174% |
| Recurring financial income | 75 | €4,995 | €13,691 | +€8,696 | +174% |
| Financial charges | 65/66B | €4,914 | €4,311 | -€603 | -12.3% |
| Recurring financial charges | 65 | €4,914 | €4,311 | -€603 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €81,301 | -€25,349 | -€106,650 | |
| Income taxes | 67/77 | €24,676 | - | -€24,676 | |
| Profit (loss) for the period | 9904 | €56,624 | -€25,349 | -€81,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,624 | -€25,349 | -€81,974 |
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 18 October 2026 via checked.be.