JTM.Gjon: 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.
JTM.Gjon
Largest movements
- Tangible fixed assets +€51,450
up €51,450 (+69.7%), from €73,868 to €125,318
of which Leasing and similar rights: +€30,344
- Receivables within one year +€20,739
up €20,739 (+29.2%), from €70,950 to €91,689
of which Trade receivables: +€18,452
- Cash -€10,732
down €10,732 (-57.4%), from €18,684 to €7,952
mainly Investment in fixed assets (net) (-€83,400) and Receivables within one year (-€20,739)
- Debts after one year +€28,436
up €28,436 (+53.7%), from €52,986 to €81,422
- Current portion of long-term debt +€20,965
up €20,965 (+102.7%), from €20,409 to €41,374
- Profit (loss) carried forward +€17,995
up €17,995 (+78.1%), from €23,049 to €41,044
- Other debts -€11,668
down €11,668 (-35.0%), from €33,372 to €21,703
- Trade debts +€3,987
up €3,987 (+380.1%), from €1,049 to €5,036
- Gross operating margin +€52,643
up €52,643 (+107.6%), from €48,940 to €101,582
- Staff costs +€40,738
new in 2025: €40,738
- Depreciation +€18,318
up €18,318 (+134.4%), from €13,632 to €31,950
- Financial charges +€2,928
up €2,928 (+96.4%), from €3,037 to €5,965
- Taxes -€1,043
down €1,043 (-18.1%), from €5,762 to €4,719
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.
Cash bridge derived
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 | €163,502 | €224,959 | +€61,457 | +37.6% |
| Fixed assets | 21/28 | €73,868 | €125,318 | +€51,450 | +69.7% |
| Tangible fixed assets | 22/27 | €73,868 | €125,318 | +€51,450 | +69.7% |
| Furniture and vehicles | 24 | €73,868 | €94,974 | +€21,106 | +28.6% |
| Leasing and similar rights | 25 | - | €30,344 | +€30,344 | |
| Current assets | 29/58 | €89,634 | €99,641 | +€10,007 | +11.2% |
| Amounts receivable within one year | 40/41 | €70,950 | €91,689 | +€20,739 | +29.2% |
| Trade receivables | 40 | €70,950 | €89,402 | +€18,452 | +26.0% |
| Other amounts receivable | 41 | - | €2,287 | +€2,287 | |
| Cash at bank and in hand | 54/58 | €18,684 | €7,952 | -€10,732 | -57.4% |
| Total equity and liabilities | 10/49 | €163,502 | €224,959 | +€61,457 | +37.6% |
| Equity | 10/15 | €26,049 | €44,044 | +€17,995 | +69.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,049 | €41,044 | +€17,995 | +78.1% |
| Amounts payable | 17/49 | €137,453 | €180,916 | +€43,462 | +31.6% |
| Amounts payable after more than one year | 17 | €52,986 | €81,422 | +€28,436 | +53.7% |
| Financial debts | 170/4 | €52,986 | €81,422 | +€28,436 | +53.7% |
| Amounts payable within one year | 42/48 | €82,772 | €99,217 | +€16,446 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €20,409 | €41,374 | +€20,965 | +102.7% |
| Trade debts | 44 | €1,049 | €5,036 | +€3,987 | +380.1% |
| Suppliers | 440/4 | €1,049 | €5,036 | +€3,987 | +380.1% |
| Taxes, remuneration and social security | 45 | €27,942 | €31,104 | +€3,162 | +11.3% |
| Taxes | 450/3 | €16,042 | €23,325 | +€7,283 | +45.4% |
| Remuneration and social security | 454/9 | €11,900 | €7,779 | -€4,121 | -34.6% |
| Other amounts payable | 47/48 | €33,372 | €21,703 | -€11,668 | -35.0% |
| Accrued charges and deferred income | 492/3 | €1,695 | €276 | -€1,419 | -83.7% |
| Remuneration, social security and pensions | 62 | - | €40,738 | +€40,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,632 | €31,950 | +€18,318 | +134.4% |
| Other operating charges | 640/8 | €972 | €260 | -€711 | -73.2% |
| Gross operating margin | 9900 | €48,940 | €101,582 | +€52,643 | +107.6% |
| Operating profit (loss) | 9901 | €34,336 | €28,635 | -€5,701 | -16.6% |
| Financial income | 75/76B | €21 | €44 | +€23 | +110.0% |
| Recurring financial income | 75 | €21 | €44 | +€23 | +110.0% |
| Financial charges | 65/66B | €3,037 | €5,965 | +€2,928 | +96.4% |
| Recurring financial charges | 65 | €3,037 | €5,965 | +€2,928 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €31,320 | €22,714 | -€8,606 | -27.5% |
| Income taxes | 67/77 | €5,762 | €4,719 | -€1,043 | -18.1% |
| Profit (loss) for the period | 9904 | €25,557 | €17,995 | -€7,563 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,557 | €17,995 | -€7,563 | -29.6% |
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 10 October 2026 via checked.be.