JTD Group 2: 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.
JTD Group 2
Largest movements
- Intangible fixed assets +€20,700
new in 2023: €20,700
- Receivables within one year +€9,629
up €9,629 (+13.6%), from €70,834 to €80,463
of which Other amounts receivable: +€7,580
- Tangible fixed assets -€5,431
down €5,431 (-21.5%), from €25,233 to €19,802
of which Plant, machinery and equipment: -€5,320
- Cash +€5,002
new in 2023: €5,002
mainly Other debts (+€112,059) and Depreciation (+€9,931)
- Stocks and contracts -€5,000
down €5,000 (-7.6%), from €65,473 to €60,473
- Other debts +€112,059
up €112,059 (+1,046%), from €10,717 to €122,776
- Trade debts -€97,994
down €97,994 (-99.3%), from €98,684 to €690
- Profit (loss) carried forward +€8,658
up €8,658, from -€7,170 to €1,488
- Tax, wage and social debts +€8,502
up €8,502 (+70.3%), from €12,101 to €20,603
of which Remuneration and social security: +€6,387
- Debts after one year -€6,325
no longer reported in 2023 (was €6,325)
- Gross operating margin +€22,123
up €22,123 (+51.8%), from €42,669 to €64,792
- Staff costs +€10,430
up €10,430 (+33.7%), from €30,930 to €41,360
- Depreciation +€6,686
up €6,686 (+206%), from €3,245 to €9,931
- Financial charges -€3,521
down €3,521 (-62.2%), from €5,659 to €2,137
- Other operating charges +€814
up €814 (+43.0%), from €1,892 to €2,706
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,115 | €192,015 | +€24,900 | +14.9% |
| Fixed assets | 21/28 | €28,633 | €43,902 | +€15,269 | +53.3% |
| Intangible fixed assets | 21 | - | €20,700 | +€20,700 | |
| Tangible fixed assets | 22/27 | €25,233 | €19,802 | -€5,431 | -21.5% |
| Plant, machinery and equipment | 23 | €22,610 | €17,290 | -€5,320 | -23.5% |
| Furniture and vehicles | 24 | €2,623 | €2,512 | -€111 | -4.2% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €138,482 | €148,113 | +€9,631 | +7.0% |
| Stocks and contracts in progress | 3 | €65,473 | €60,473 | -€5,000 | -7.6% |
| Stocks | 30/36 | €65,473 | €60,473 | -€5,000 | -7.6% |
| Amounts receivable within one year | 40/41 | €70,834 | €80,463 | +€9,629 | +13.6% |
| Trade receivables | 40 | €70,421 | €72,470 | +€2,049 | +2.9% |
| Other amounts receivable | 41 | €413 | €7,993 | +€7,580 | +1,833% |
| Cash at bank and in hand | 54/58 | - | €5,002 | +€5,002 | |
| Deferred charges and accrued income | 490/1 | €2,174 | €2,174 | = | 0.0% |
| Total equity and liabilities | 10/49 | €167,115 | €192,015 | +€24,900 | +14.9% |
| Equity | 10/15 | €17,830 | €26,488 | +€8,658 | +48.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,170 | €1,488 | +€8,658 | |
| Amounts payable | 17/49 | €149,285 | €165,527 | +€16,242 | +10.9% |
| Amounts payable after more than one year | 17 | €6,325 | - | -€6,325 | |
| Financial debts | 170/4 | €6,325 | - | -€6,325 | |
| Amounts payable within one year | 42/48 | €142,960 | €165,527 | +€22,567 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €6,683 | €6,683 | = | 0.0% |
| Financial debts | 43 | €14,775 | €14,775 | = | 0.0% |
| Credit institutions | 430/8 | €14,775 | €14,775 | = | 0.0% |
| Trade debts | 44 | €98,684 | €690 | -€97,994 | -99.3% |
| Suppliers | 440/4 | €98,684 | €690 | -€97,994 | -99.3% |
| Taxes, remuneration and social security | 45 | €12,101 | €20,603 | +€8,502 | +70.3% |
| Taxes | 450/3 | €2,254 | €4,369 | +€2,115 | +93.8% |
| Remuneration and social security | 454/9 | €9,847 | €16,234 | +€6,387 | +64.9% |
| Other amounts payable | 47/48 | €10,717 | €122,776 | +€112,059 | +1,046% |
| Remuneration, social security and pensions | 62 | €30,930 | €41,360 | +€10,430 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,245 | €9,931 | +€6,686 | +206% |
| Other operating charges | 640/8 | €1,892 | €2,706 | +€814 | +43.0% |
| Gross operating margin | 9900 | €42,669 | €64,792 | +€22,123 | +51.8% |
| Operating profit (loss) | 9901 | €6,603 | €10,795 | +€4,193 | +63.5% |
| Financial income | 75/76B | €114 | €0 | -€114 | -100.0% |
| Recurring financial income | 75 | €114 | €0 | -€114 | -100.0% |
| Financial charges | 65/66B | €5,659 | €2,137 | -€3,521 | -62.2% |
| Recurring financial charges | 65 | €5,659 | €2,137 | -€3,521 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €1,058 | €8,658 | +€7,600 | +718% |
| Profit (loss) for the period | 9904 | €1,058 | €8,658 | +€7,600 | +718% |
| Profit (loss) for the period to be appropriated | 9905 | €1,058 | €8,658 | +€7,600 | +718% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.