JTLC: what changed
What changed
JTLC
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
-€1,220
2024 · €2,080-€3,300
Equity
€22,652
2024 · €46,582-€23,930
Cash
€7,090
2024 · €7,296-€207
Balance sheet total
€39,307
2024 · €52,676-€13,369
Largest movements
Assets
- Receivables within one year -€19,451
down €19,451 (-51.1%), from €38,079 to €18,628
- Tangible fixed assets +€6,738
up €6,738 (+108%), from €6,235 to €12,973
of which Furniture and vehicles: +€7,149
Equity and liabilities
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Debts after one year +€5,852
new in 2025: €5,852
- Reserves -€5,110
down €5,110 (-18.3%), from €27,982 to €22,872
- Tax, wage and social debts +€2,723
up €2,723 (+184%), from €1,477 to €4,200
of which Remuneration and social security: +€2,800
- Short-term financial debts +€1,687
new in 2025: €1,687
Income statement
- Depreciation +€3,207
up €3,207 (+107%), from €3,005 to €6,212
- Gross operating margin +€1,219
up €1,219 (+14.3%), from €8,532 to €9,751
- Financial charges +€851
up €851 (+31.2%), from €2,733 to €3,584
- Financial income -€686
down €686 (-36.8%), from €1,863 to €1,177
- Taxes -€511
down €511 (-31.7%), from €1,613 to €1,102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,080
Gross operating margin
+€1,219
Depreciation
-€3,207
Other operating charges
-€286
Financial income
-€686
Financial charges
-€851
Taxes
+€511
Result 2025
-€1,220
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€28,702
Investment
-€12,950
Financing
-€15,958
Cash 2024
€7,296
From operations (derived)
+€28,702
Net result for the year
-€1,220
Depreciation
+€6,212
Receivables within one year
+€19,451
Deferred charges and accrued income
+€449
Trade debts
+€686
Tax, wage and social debts
+€2,723
Accrued charges and deferred income
+€400
Investment (derived)
-€12,950
Investment in fixed assets (net)
-€12,950
Financing
-€15,958
Debts after one year
+€5,852
Current portion of long-term debt
-€787
Short-term financial debts
+€1,687
Contributions, distributions and other
-€22,710
Cash 2025
€7,090
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,676 | €39,307 | -€13,369 | -25.4% |
| Fixed assets | 21/28 | €6,395 | €13,133 | +€6,738 | +105% |
| Tangible fixed assets | 22/27 | €6,235 | €12,973 | +€6,738 | +108% |
| Plant, machinery and equipment | 23 | €338 | €110 | -€228 | -67.6% |
| Furniture and vehicles | 24 | €5,680 | €12,829 | +€7,149 | +126% |
| Other tangible fixed assets | 26 | €218 | €35 | -€183 | -83.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €46,281 | €26,174 | -€20,107 | -43.4% |
| Amounts receivable within one year | 40/41 | €38,079 | €18,628 | -€19,451 | -51.1% |
| Other amounts receivable | 41 | €38,079 | €18,628 | -€19,451 | -51.1% |
| Cash at bank and in hand | 54/58 | €7,296 | €7,090 | -€207 | -2.8% |
| Deferred charges and accrued income | 490/1 | €905 | €456 | -€449 | -49.6% |
| Total equity and liabilities | 10/49 | €52,676 | €39,307 | -€13,369 | -25.4% |
| Equity | 10/15 | €46,582 | €22,652 | -€23,930 | -51.4% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €27,982 | €22,872 | -€5,110 | -18.3% |
| Distributable reserves | 133 | €27,982 | €22,872 | -€5,110 | -18.3% |
| Profit (loss) carried forward | 14 | - | -€1,220 | -€1,220 | |
| Amounts payable | 17/49 | €6,095 | €16,656 | +€10,561 | +173% |
| Amounts payable after more than one year | 17 | - | €5,852 | +€5,852 | |
| Financial debts | 170/4 | - | €5,852 | +€5,852 | |
| Amounts payable within one year | 42/48 | €6,095 | €10,404 | +€4,309 | +70.7% |
| Current portion of amounts payable after more than one year | 42 | €3,199 | €2,411 | -€787 | -24.6% |
| Financial debts | 43 | - | €1,687 | +€1,687 | |
| Credit institutions | 430/8 | - | €1,687 | +€1,687 | |
| Trade debts | 44 | €1,419 | €2,105 | +€686 | +48.4% |
| Suppliers | 440/4 | €1,419 | €2,105 | +€686 | +48.4% |
| Taxes, remuneration and social security | 45 | €1,477 | €4,200 | +€2,723 | +184% |
| Taxes | 450/3 | €1,477 | €1,400 | -€77 | -5.2% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,005 | €6,212 | +€3,207 | +107% |
| Other operating charges | 640/8 | €964 | €1,249 | +€286 | +29.6% |
| Gross operating margin | 9900 | €8,532 | €9,751 | +€1,219 | +14.3% |
| Operating profit (loss) | 9901 | €4,564 | €2,289 | -€2,274 | -49.8% |
| Financial income | 75/76B | €1,863 | €1,177 | -€686 | -36.8% |
| Recurring financial income | 75 | €1,863 | €1,177 | -€686 | -36.8% |
| Financial charges | 65/66B | €2,733 | €3,584 | +€851 | +31.2% |
| Recurring financial charges | 65 | €2,733 | €3,584 | +€851 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €3,693 | -€118 | -€3,812 | |
| Income taxes | 67/77 | €1,613 | €1,102 | -€511 | -31.7% |
| Profit (loss) for the period | 9904 | €2,080 | -€1,220 | -€3,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,080 | -€1,220 | -€3,300 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.