JTCNC: 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.
JTCNC
Largest movements
- Tangible fixed assets +€39,376
up €39,376 (+13.1%), from €299,986 to €339,362
of which Plant, machinery and equipment: +€52,106
- Cash +€4,960
up €4,960 (+203%), from €2,444 to €7,405
mainly Depreciation (+€62,651) and Net result for the year (+€12,849)
- Reserves +€12,849
up €12,849 (+29.7%), from €43,312 to €56,160
- Trade debts +€11,587
up €11,587 (+15.0%), from €77,096 to €88,683
- Other debts +€11,558
up €11,558 (+23.1%), from €49,928 to €61,486
- Current portion of long-term debt +€10,660
up €10,660 (+30.7%), from €34,674 to €45,335
- Debts after one year -€5,966
down €5,966 (-5.0%), from €120,014 to €114,047
- Gross operating margin +€34,216
up €34,216 (+52.6%), from €65,080 to €99,297
- Depreciation +€15,578
up €15,578 (+33.1%), from €47,073 to €62,651
- Staff costs +€8,092
up €8,092 (+617%), from €1,311 to €9,403
- Financial charges +€4,510
up €4,510 (+93.0%), from €4,849 to €9,360
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 | €332,809 | €377,292 | +€44,483 | +13.4% |
| Fixed assets | 21/28 | €299,986 | €339,362 | +€39,376 | +13.1% |
| Tangible fixed assets | 22/27 | €299,986 | €339,362 | +€39,376 | +13.1% |
| Land and buildings | 22 | €20,261 | €0 | -€20,261 | -100% |
| Plant, machinery and equipment | 23 | €189,118 | €241,223 | +€52,106 | +27.6% |
| Furniture and vehicles | 24 | €8,840 | €21,393 | +€12,552 | +142% |
| Leasing and similar rights | 25 | €81,767 | €57,143 | -€24,625 | -30.1% |
| Other tangible fixed assets | 26 | - | €19,603 | +€19,603 | |
| Current assets | 29/58 | €32,823 | €37,930 | +€5,108 | +15.6% |
| Amounts receivable within one year | 40/41 | €30,185 | €30,525 | +€341 | +1.1% |
| Trade receivables | 40 | €21,094 | €29,845 | +€8,751 | +41.5% |
| Other amounts receivable | 41 | €9,091 | €681 | -€8,410 | -92.5% |
| Cash at bank and in hand | 54/58 | €2,444 | €7,405 | +€4,960 | +203% |
| Deferred charges and accrued income | 490/1 | €194 | €0 | -€194 | -100% |
| Total equity and liabilities | 10/49 | €332,809 | €377,292 | +€44,483 | +13.4% |
| Equity | 10/15 | €46,312 | €59,160 | +€12,849 | +27.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,312 | €56,160 | +€12,849 | +29.7% |
| Distributable reserves | 133 | €43,312 | €56,160 | +€12,849 | +29.7% |
| Amounts payable | 17/49 | €286,498 | €318,132 | +€31,634 | +11.0% |
| Amounts payable after more than one year | 17 | €120,014 | €114,047 | -€5,966 | -5.0% |
| Financial debts | 170/4 | €120,014 | €114,047 | -€5,966 | -5.0% |
| Amounts payable within one year | 42/48 | €166,484 | €204,085 | +€37,601 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €34,674 | €45,335 | +€10,660 | +30.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €77,096 | €88,683 | +€11,587 | +15.0% |
| Suppliers | 440/4 | €77,096 | €88,683 | +€11,587 | +15.0% |
| Taxes, remuneration and social security | 45 | €4,785 | €8,581 | +€3,796 | +79.3% |
| Taxes | 450/3 | €4,558 | €7,204 | +€2,646 | +58.1% |
| Remuneration and social security | 454/9 | €227 | €1,377 | +€1,150 | +505% |
| Other amounts payable | 47/48 | €49,928 | €61,486 | +€11,558 | +23.1% |
| Non-recurring operating income | 76A | €3,942 | €0 | -€3,942 | -100% |
| Remuneration, social security and pensions | 62 | €1,311 | €9,403 | +€8,092 | +617% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,073 | €62,651 | +€15,578 | +33.1% |
| Other operating charges | 640/8 | €906 | €213 | -€694 | -76.5% |
| Non-recurring operating charges | 66A | - | €2,878 | +€2,878 | |
| Gross operating margin | 9900 | €65,080 | €99,297 | +€34,216 | +52.6% |
| Operating profit (loss) | 9901 | €15,791 | €24,152 | +€8,362 | +53.0% |
| Financial income | 75/76B | €54 | €17 | -€38 | -69.4% |
| Recurring financial income | 75 | €54 | €17 | -€38 | -69.4% |
| Financial charges | 65/66B | €4,849 | €9,360 | +€4,510 | +93.0% |
| Recurring financial charges | 65 | €4,849 | €9,360 | +€4,510 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €10,996 | €14,809 | +€3,814 | +34.7% |
| Income taxes | 67/77 | €2,458 | €1,960 | -€497 | -20.2% |
| Profit (loss) for the period | 9904 | €8,538 | €12,849 | +€4,311 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,538 | €12,849 | +€4,311 | +50.5% |
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 27 October 2026 via checked.be.