JTC Way: 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 Way
Largest movements
- Receivables within one year +€15,327
up €15,327 (+629%), from €2,438 to €17,765
of which Trade receivables: +€12,686
- Cash -€4,844
down €4,844 (-90.9%), from €5,327 to €483
mainly Receivables within one year (-€15,327) and Other debts (-€5,558)
- Tangible fixed assets -€1,158
down €1,158 (-5.2%), from €22,159 to €21,001
- Intangible fixed assets -€819
down €819 (-51.9%), from €1,578 to €759
- Financial fixed assets -€500
no longer reported in 2025 (was €500)
- Tax, wage and social debts +€9,006
up €9,006 (+101%), from €8,958 to €17,964
of which Taxes: +€7,717
- Other debts -€5,558
down €5,558 (-54.5%), from €10,189 to €4,631
- Trade debts +€4,766
up €4,766 (+104%), from €4,578 to €9,344
- Gross operating margin -€12,150
down €12,150 (-68.5%), from €17,737 to €5,586
- Taxes -€2,090
down €2,090 (-55.4%), from €3,771 to €1,681
- Financial charges -€543
down €543 (-38.8%), from €1,399 to €856
- Other operating charges +€224
up €224 (+20.6%), from €1,089 to €1,313
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 | €32,348 | €40,181 | +€7,833 | +24.2% |
| Formation expenses | 20 | €347 | €173 | -€174 | -50.1% |
| Fixed assets | 21/28 | €24,237 | €21,760 | -€2,477 | -10.2% |
| Intangible fixed assets | 21 | €1,578 | €759 | -€819 | -51.9% |
| Tangible fixed assets | 22/27 | €22,159 | €21,001 | -€1,158 | -5.2% |
| Land and buildings | 22 | €20,800 | €20,233 | -€567 | -2.7% |
| Furniture and vehicles | 24 | €1,285 | €721 | -€564 | -43.9% |
| Other tangible fixed assets | 26 | €74 | €48 | -€26 | -35.3% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €7,765 | €18,248 | +€10,483 | +135% |
| Amounts receivable within one year | 40/41 | €2,438 | €17,765 | +€15,327 | +629% |
| Trade receivables | 40 | €2,438 | €15,124 | +€12,686 | +520% |
| Other amounts receivable | 41 | - | €2,641 | +€2,641 | |
| Cash at bank and in hand | 54/58 | €5,327 | €483 | -€4,844 | -90.9% |
| Total equity and liabilities | 10/49 | €32,348 | €40,181 | +€7,833 | +24.2% |
| Equity | 10/15 | €8,624 | €8,242 | -€382 | -4.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,624 | €3,242 | -€382 | -10.6% |
| Amounts payable | 17/49 | €23,724 | €31,939 | +€8,215 | +34.6% |
| Amounts payable within one year | 42/48 | €23,724 | €31,939 | +€8,215 | +34.6% |
| Trade debts | 44 | €4,578 | €9,344 | +€4,766 | +104% |
| Suppliers | 440/4 | €4,578 | €9,344 | +€4,766 | +104% |
| Taxes, remuneration and social security | 45 | €8,958 | €17,964 | +€9,006 | +101% |
| Taxes | 450/3 | €3,805 | €11,522 | +€7,717 | +203% |
| Remuneration and social security | 454/9 | €5,153 | €6,442 | +€1,289 | +25.0% |
| Other amounts payable | 47/48 | €10,189 | €4,631 | -€5,558 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,270 | €2,150 | -€119 | -5.3% |
| Other operating charges | 640/8 | €1,089 | €1,313 | +€224 | +20.6% |
| Gross operating margin | 9900 | €17,737 | €5,586 | -€12,150 | -68.5% |
| Operating profit (loss) | 9901 | €14,378 | €2,123 | -€12,256 | -85.2% |
| Financial income | 75/76B | €4 | €32 | +€27 | +618% |
| Recurring financial income | 75 | €4 | €32 | +€27 | +618% |
| Financial charges | 65/66B | €1,399 | €856 | -€543 | -38.8% |
| Recurring financial charges | 65 | €1,399 | €856 | -€543 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €12,983 | €1,298 | -€11,685 | -90.0% |
| Income taxes | 67/77 | €3,771 | €1,681 | -€2,090 | -55.4% |
| Profit (loss) for the period | 9904 | €9,213 | -€382 | -€9,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,213 | -€382 | -€9,595 |
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 22 October 2026 via checked.be.