JTM Services: what changed
Two fiscal 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.
What changed
JTM Services
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€202,375
2024 · -€153,520+€355,895
Equity
€148,855
2024 · -€53,520+€202,375
Cash
€270,751
2024 · €245,791+€24,960
Balance sheet total
€3.3m
2024 · €3.9m-€641,540
Largest movements
Assets
- Receivables within one year -€652,001
down €652,001 (-81.3%), from €802,388 to €150,387
of which Trade receivables: -€648,375
- Intangible fixed assets -€103,434
down €103,434 (-17.2%), from €602,533 to €499,099
- Stocks and contracts +€68,473
up €68,473 (+12.7%), from €537,293 to €605,766
- Deferred charges and accrued income +€47,951
up €47,951 (+109.7%), from €43,711 to €91,662
Equity and liabilities
- Trade debts -€871,445
down €871,445 (-46.8%), from €1.9m to €991,033
- Accrued charges and deferred income -€447,310
down €447,310 (-93.3%), from €479,268 to €31,958
- Current portion of long-term debt +€286,906
up €286,906 (+329.9%), from €86,960 to €373,866
- Debts after one year +€212,247
up €212,247 (+14.8%), from €1.4m to €1.6m
- Profit (loss) carried forward +€153,520
up €153,520, from -€153,520 to €0
Income statement
- Staff costs -€702,704
down €702,704 (-43.6%), from €1.6m to €908,710
- Depreciation +€150,486
up €150,486 (+100.4%), from €149,942 to €300,428
- Financial charges +€133,512
up €133,512 (+178.2%), from €74,911 to €208,422
of which Financial charges: +€71,036
- Gross operating margin -€56,173
down €56,173 (-3.4%), from €1.7m to €1.6m
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.
Result 2024
-€153,520
Gross operating margin
-€56,173
Staff costs
+€702,704
Depreciation
-€150,486
Other operating charges
+€3,840
Other operating items
-€13,392
Financial income
+€2,914
Financial charges
-€133,512
Result 2025
€202,375
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.
From operations
-€304,688
Investment
-€169,504
Financing
+€499,153
Cash 2024
€245,791
From operations (derived)
-€304,688
Net result for the year
+€202,375
Depreciation
+€300,428
Stocks and contracts
-€68,473
Receivables within one year
+€652,001
Deferred charges and accrued income
-€47,951
Trade debts
-€871,445
Tax, wage and social debts
-€24,562
Advances received
+€250
Accrued charges and deferred income
-€447,310
Investment (derived)
-€169,504
Investment in fixed assets (net)
-€169,504
Financing
+€499,153
Debts after one year
+€212,247
Current portion of long-term debt
+€286,906
Cash 2025
€270,751
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,944,865 | €3,303,325 | -€641,540 | -16.3% |
| Formation expenses | 20 | €76,798 | €76,915 | +€117 | +0.2% |
| Fixed assets | 21/28 | €2,238,884 | €2,107,844 | -€131,040 | -5.9% |
| Intangible fixed assets | 21 | €602,533 | €499,099 | -€103,434 | -17.2% |
| Tangible fixed assets | 22/27 | €1,620,320 | €1,608,745 | -€11,576 | -0.7% |
| Plant, machinery and equipment | 23 | €525,828 | €508,840 | -€16,988 | -3.2% |
| Furniture and vehicles | 24 | €1,319 | €1,878 | +€559 | +42.4% |
| Other tangible fixed assets | 26 | €1,093,174 | €1,098,027 | +€4,853 | +0.4% |
| Financial fixed assets | 28 | €16,031 | €0 | -€16,031 | -100.0% |
| Current assets | 29/58 | €1,629,183 | €1,118,567 | -€510,617 | -31.3% |
| Stocks and contracts in progress | 3 | €537,293 | €605,766 | +€68,473 | +12.7% |
| Stocks | 30/36 | €537,293 | €605,766 | +€68,473 | +12.7% |
| Amounts receivable within one year | 40/41 | €802,388 | €150,387 | -€652,001 | -81.3% |
| Trade receivables | 40 | €663,884 | €15,509 | -€648,375 | -97.7% |
| Other amounts receivable | 41 | €138,504 | €134,878 | -€3,626 | -2.6% |
| Cash at bank and in hand | 54/58 | €245,791 | €270,751 | +€24,960 | +10.2% |
| Deferred charges and accrued income | 490/1 | €43,711 | €91,662 | +€47,951 | +109.7% |
| Total equity and liabilities | 10/49 | €3,944,865 | €3,303,325 | -€641,540 | -16.3% |
| Equity | 10/15 | -€53,520 | €148,855 | +€202,375 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €48,855 | +€48,855 | |
| Non-distributable reserves | 130/1 | - | €21,771 | +€21,771 | |
| Legal reserve | 130 | - | €15,000 | +€15,000 | |
| Other | 1319 | - | €6,771 | +€6,771 | |
| Distributable reserves | 133 | - | €27,084 | +€27,084 | |
| Profit (loss) carried forward | 14 | -€153,520 | €0 | +€153,520 | |
| Amounts payable | 17/49 | €3,998,386 | €3,154,471 | -€843,915 | -21.1% |
| Amounts payable after more than one year | 17 | €1,435,784 | €1,648,031 | +€212,247 | +14.8% |
| Financial debts | 170/4 | €1,435,784 | €1,648,031 | +€212,247 | +14.8% |
| Amounts payable within one year | 42/48 | €2,083,334 | €1,474,482 | -€608,852 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €86,960 | €373,866 | +€286,906 | +329.9% |
| Trade debts | 44 | €1,862,479 | €991,033 | -€871,445 | -46.8% |
| Suppliers | 440/4 | €1,862,479 | €991,033 | -€871,445 | -46.8% |
| Advances received on contracts in progress | 46 | - | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €133,895 | €109,333 | -€24,562 | -18.3% |
| Remuneration and social security | 454/9 | €133,895 | €109,333 | -€24,562 | -18.3% |
| Accrued charges and deferred income | 492/3 | €479,268 | €31,958 | -€447,310 | -93.3% |
| Non-recurring operating income | 76A | €531,340 | €536,851 | +€5,511 | +1.0% |
| Remuneration, social security and pensions | 62 | €1,611,414 | €908,710 | -€702,704 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,942 | €300,428 | +€150,486 | +100.4% |
| Other operating charges | 640/8 | €11,544 | €7,703 | -€3,840 | -33.3% |
| Operating charges capitalised as restructuring costs | 649 | -€57,149 | €0 | +€57,149 | |
| Non-recurring operating charges | 66A | €44,461 | €705 | -€43,756 | -98.4% |
| Gross operating margin | 9900 | €1,674,265 | €1,618,092 | -€56,173 | -3.4% |
| Operating profit (loss) | 9901 | -€85,946 | €400,547 | +€486,493 | |
| Financial income | 75/76B | €7,336 | €10,251 | +€2,914 | +39.7% |
| Recurring financial income | 75 | €7,336 | €10,251 | +€2,914 | +39.7% |
| Financial charges | 65/66B | €74,911 | €208,422 | +€133,512 | +178.2% |
| Recurring financial charges | 65 | €74,911 | €145,946 | +€71,036 | +94.8% |
| Non-recurring financial charges | 66B | - | €62,476 | +€62,476 | |
| Profit (loss) for the period before taxes | 9903 | -€153,520 | €202,375 | +€355,895 | |
| Profit (loss) for the period | 9904 | -€153,520 | €202,375 | +€355,895 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,520 | €202,375 | +€355,895 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.