JTF Multiservices: 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.
JTF Multiservices
Largest movements
- Cash +€54,809
up €54,809 (+276%), from €19,863 to €74,672
mainly Debts after one year (+€102,544) and Current portion of long-term debt (+€12,168)
- Tangible fixed assets +€54,012
up €54,012 (+261%), from €20,715 to €74,727
of which Land and buildings: +€42,540
- Receivables within one year +€13,416
up €13,416 (+52.7%), from €25,467 to €38,882
of which Trade receivables: +€13,716
- Deferred charges and accrued income +€6,639
up €6,639 (+155%), from €4,286 to €10,925
- Formation expenses +€4,052
new in 2025: €4,052
- Debts after one year +€102,544
up €102,544 (+1,040%), from €9,855 to €112,400
- Current portion of long-term debt +€12,168
up €12,168 (+376%), from €3,240 to €15,408
- Other debts -€10,626
down €10,626 (-65.8%), from €16,137 to €5,512
- Tax, wage and social debts +€8,942
up €8,942 (+171%), from €5,240 to €14,182
of which Remuneration and social security: +€4,610
- Profit (loss) carried forward +€8,639
up €8,639 (+25.1%), from €34,485 to €43,124
- Gross operating margin +€41,640
up €41,640 (+44.2%), from €94,149 to €135,789
- Staff costs +€35,417
up €35,417 (+53.0%), from €66,824 to €102,241
- Financial charges +€8,418
up €8,418 (+274%), from €3,071 to €11,489
- Other operating charges +€1,878
up €1,878 (+72.8%), from €2,581 to €4,459
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 | €75,708 | €206,086 | +€130,378 | +172% |
| Formation expenses | 20 | - | €4,052 | +€4,052 | |
| Fixed assets | 21/28 | €20,715 | €74,727 | +€54,012 | +261% |
| Tangible fixed assets | 22/27 | €20,715 | €74,727 | +€54,012 | +261% |
| Land and buildings | 22 | - | €42,540 | +€42,540 | |
| Plant, machinery and equipment | 23 | €5,618 | €4,358 | -€1,260 | -22.4% |
| Furniture and vehicles | 24 | €14,375 | €24,220 | +€9,845 | +68.5% |
| Other tangible fixed assets | 26 | €722 | €3,609 | +€2,887 | +400% |
| Current assets | 29/58 | €54,993 | €127,307 | +€72,314 | +131% |
| Stocks and contracts in progress | 3 | €5,377 | €2,828 | -€2,549 | -47.4% |
| Stocks | 30/36 | €5,377 | €2,828 | -€2,549 | -47.4% |
| Amounts receivable within one year | 40/41 | €25,467 | €38,882 | +€13,416 | +52.7% |
| Trade receivables | 40 | €15,826 | €29,542 | +€13,716 | +86.7% |
| Other amounts receivable | 41 | €9,641 | €9,341 | -€300 | -3.1% |
| Cash at bank and in hand | 54/58 | €19,863 | €74,672 | +€54,809 | +276% |
| Deferred charges and accrued income | 490/1 | €4,286 | €10,925 | +€6,639 | +155% |
| Total equity and liabilities | 10/49 | €75,708 | €206,086 | +€130,378 | +172% |
| Equity | 10/15 | €37,485 | €46,124 | +€8,639 | +23.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,485 | €43,124 | +€8,639 | +25.1% |
| Amounts payable | 17/49 | €38,223 | €159,962 | +€121,739 | +318% |
| Amounts payable after more than one year | 17 | €9,855 | €112,400 | +€102,544 | +1,040% |
| Financial debts | 170/4 | €9,855 | €112,400 | +€102,544 | +1,040% |
| Amounts payable within one year | 42/48 | €28,368 | €45,748 | +€17,380 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €3,240 | €15,408 | +€12,168 | +376% |
| Trade debts | 44 | €3,750 | €10,646 | +€6,896 | +184% |
| Suppliers | 440/4 | €3,750 | €10,646 | +€6,896 | +184% |
| Taxes, remuneration and social security | 45 | €5,240 | €14,182 | +€8,942 | +171% |
| Taxes | 450/3 | €386 | €4,718 | +€4,332 | +1,122% |
| Remuneration and social security | 454/9 | €4,854 | €9,464 | +€4,610 | +95.0% |
| Other amounts payable | 47/48 | €16,137 | €5,512 | -€10,626 | -65.8% |
| Accrued charges and deferred income | 492/3 | - | €1,815 | +€1,815 | |
| Remuneration, social security and pensions | 62 | €66,824 | €102,241 | +€35,417 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,677 | €9,844 | +€167 | +1.7% |
| Other operating charges | 640/8 | €2,581 | €4,459 | +€1,878 | +72.8% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €94,149 | €135,789 | +€41,640 | +44.2% |
| Operating profit (loss) | 9901 | €15,066 | €19,136 | +€4,070 | +27.0% |
| Financial income | 75/76B | €47 | €935 | +€889 | +1,898% |
| Recurring financial income | 75 | €47 | €935 | +€889 | +1,898% |
| Financial charges | 65/66B | €3,071 | €11,489 | +€8,418 | +274% |
| Recurring financial charges | 65 | €3,071 | €11,489 | +€8,418 | +274% |
| Profit (loss) for the period before taxes | 9903 | €12,042 | €8,583 | -€3,460 | -28.7% |
| Income taxes | 67/77 | €783 | -€56 | -€839 | |
| Profit (loss) for the period | 9904 | €11,260 | €8,639 | -€2,621 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,260 | €8,639 | -€2,621 | -23.3% |
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 14 October 2026 via checked.be.