JTJ CONCEPT: 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.
JTJ CONCEPT
Largest movements
- Receivables within one year +€46,233
up €46,233 (+68.1%), from €67,935 to €114,168
of which Trade receivables: +€36,914
- Cash +€46,153
up €46,153 (+95.5%), from €48,324 to €94,477
mainly Net result for the year (+€118,034) and Debts after one year (+€20,388)
- Tangible fixed assets +€20,852
up €20,852 (+384%), from €5,423 to €26,276
of which Plant, machinery and equipment: +€23,440
- Profit (loss) carried forward +€118,034
up €118,034, from -€32,279 to €85,755
- Tax, wage and social debts -€24,110
down €24,110 (-91.7%), from €26,304 to €2,193
of which Remuneration and social security: -€12,505
- Debts after one year +€20,388
new in 2025: €20,388
- Trade debts -€6,119
down €6,119 (-6.3%), from €97,589 to €91,471
- Accrued charges and deferred income +€5,786
up €5,786 (+47.4%), from €12,214 to €18,000
- Gross operating margin +€52,897
up €52,897 (+59.3%), from €89,137 to €142,034
- Staff costs -€32,910
down €32,910 (-58.1%), from €56,612 to €23,702
- Taxes -€8,745
down €8,745, from €14 to -€8,732
- Depreciation -€8,518
down €8,518 (-57.9%), from €14,721 to €6,203
- Other operating charges +€1,513
up €1,513 (+391%), from €387 to €1,901
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 | €124,385 | €239,062 | +€114,677 | +92.2% |
| Fixed assets | 21/28 | €5,811 | €26,664 | +€20,852 | +359% |
| Tangible fixed assets | 22/27 | €5,423 | €26,276 | +€20,852 | +384% |
| Plant, machinery and equipment | 23 | €1,743 | €25,182 | +€23,440 | +1,345% |
| Furniture and vehicles | 24 | €3,505 | €961 | -€2,544 | -72.6% |
| Other tangible fixed assets | 26 | €175 | €132 | -€44 | -25.0% |
| Financial fixed assets | 28 | €388 | €388 | = | 0.0% |
| Current assets | 29/58 | €118,574 | €212,398 | +€93,825 | +79.1% |
| Stocks and contracts in progress | 3 | €1,037 | €1,231 | +€194 | +18.7% |
| Stocks | 30/36 | €1,037 | €1,231 | +€194 | +18.7% |
| Amounts receivable within one year | 40/41 | €67,935 | €114,168 | +€46,233 | +68.1% |
| Trade receivables | 40 | €61,269 | €98,184 | +€36,914 | +60.2% |
| Other amounts receivable | 41 | €6,666 | €15,984 | +€9,319 | +140% |
| Cash at bank and in hand | 54/58 | €48,324 | €94,477 | +€46,153 | +95.5% |
| Deferred charges and accrued income | 490/1 | €1,278 | €2,523 | +€1,245 | +97.4% |
| Total equity and liabilities | 10/49 | €124,385 | €239,062 | +€114,677 | +92.2% |
| Equity | 10/15 | -€14,119 | €103,915 | +€118,034 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,279 | €85,755 | +€118,034 | |
| Amounts payable | 17/49 | €138,504 | €135,147 | -€3,357 | -2.4% |
| Amounts payable after more than one year | 17 | - | €20,388 | +€20,388 | |
| Financial debts | 170/4 | - | €20,388 | +€20,388 | |
| Amounts payable within one year | 42/48 | €126,291 | €96,759 | -€29,531 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €2,398 | €3,095 | +€697 | +29.1% |
| Trade debts | 44 | €97,589 | €91,471 | -€6,119 | -6.3% |
| Suppliers | 440/4 | €97,589 | €91,471 | -€6,119 | -6.3% |
| Taxes, remuneration and social security | 45 | €26,304 | €2,193 | -€24,110 | -91.7% |
| Taxes | 450/3 | €11,605 | - | -€11,605 | |
| Remuneration and social security | 454/9 | €14,698 | €2,193 | -€12,505 | -85.1% |
| Accrued charges and deferred income | 492/3 | €12,214 | €18,000 | +€5,786 | +47.4% |
| Remuneration, social security and pensions | 62 | €56,612 | €23,702 | -€32,910 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,721 | €6,203 | -€8,518 | -57.9% |
| Other operating charges | 640/8 | €387 | €1,901 | +€1,513 | +391% |
| Gross operating margin | 9900 | €89,137 | €142,034 | +€52,897 | +59.3% |
| Operating profit (loss) | 9901 | €17,417 | €110,229 | +€92,812 | +533% |
| Financial income | 75/76B | €153 | €510 | +€357 | +233% |
| Recurring financial income | 75 | €153 | €510 | +€357 | +233% |
| Financial charges | 65/66B | €1,909 | €1,437 | -€472 | -24.7% |
| Recurring financial charges | 65 | €1,909 | €1,437 | -€472 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €15,661 | €109,302 | +€93,641 | +598% |
| Income taxes | 67/77 | €14 | -€8,732 | -€8,745 | |
| Profit (loss) for the period | 9904 | €15,648 | €118,034 | +€102,386 | +654% |
| Profit (loss) for the period to be appropriated | 9905 | €15,648 | €118,034 | +€102,386 | +654% |
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 23 October 2026 via checked.be.