JTR: 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.
JTR
Largest movements
- Receivables within one year -€22,024
down €22,024 (-40.0%), from €55,119 to €33,096
of which Trade receivables: -€55,119
- Cash +€8,123
up €8,123 (+50.8%), from €16,002 to €24,125
- Other debts -€51,000
down €51,000 (-10.7%), from €476,025 to €425,025
- Reserves +€36,501
up €36,501 (+116.4%), from €31,346 to €67,847
- Gross operating margin -€38,392
down €38,392 (-70.6%), from €54,344 to €15,953
- Taxes -€10,670
down €10,670 (-73.6%), from €14,491 to €3,821
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,182 | €660,282 | -€13,901 | -2.1% |
| Fixed assets | 21/28 | €603,062 | €603,062 | = | 0.0% |
| Financial fixed assets | 28 | €603,062 | €603,062 | = | 0.0% |
| Current assets | 29/58 | €71,121 | €57,220 | -€13,901 | -19.5% |
| Amounts receivable within one year | 40/41 | €55,119 | €33,096 | -€22,024 | -40.0% |
| Trade receivables | 40 | €55,119 | - | -€55,119 | |
| Other amounts receivable | 41 | - | €33,096 | +€33,096 | |
| Cash at bank and in hand | 54/58 | €16,002 | €24,125 | +€8,123 | +50.8% |
| Total equity and liabilities | 10/49 | €674,182 | €660,282 | -€13,901 | -2.1% |
| Equity | 10/15 | €155,761 | €192,263 | +€36,501 | +23.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €31,346 | €67,847 | +€36,501 | +116.4% |
| Distributable reserves | 133 | €31,346 | €67,847 | +€36,501 | +116.4% |
| Profit (loss) carried forward | 14 | €103,956 | €103,956 | = | 0.0% |
| Amounts payable | 17/49 | €518,421 | €468,019 | -€50,402 | -9.7% |
| Amounts payable within one year | 42/48 | €518,421 | €468,019 | -€50,402 | -9.7% |
| Trade debts | 44 | €3,013 | €2,892 | -€121 | -4.0% |
| Suppliers | 440/4 | €3,013 | €2,892 | -€121 | -4.0% |
| Advances received on contracts in progress | 46 | €18,150 | €24,200 | +€6,050 | +33.3% |
| Taxes, remuneration and social security | 45 | €21,233 | €15,902 | -€5,331 | -25.1% |
| Taxes | 450/3 | €21,233 | €15,902 | -€5,331 | -25.1% |
| Other amounts payable | 47/48 | €476,025 | €425,025 | -€51,000 | -10.7% |
| Other operating charges | 640/8 | €244 | €531 | +€287 | +117.8% |
| Gross operating margin | 9900 | €54,344 | €15,953 | -€38,392 | -70.6% |
| Operating profit (loss) | 9901 | €54,100 | €15,421 | -€38,679 | -71.5% |
| Financial charges | 65/66B | €100 | €135 | +€35 | +35.3% |
| Recurring financial charges | 65 | €100 | €135 | +€35 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €54,000 | €15,286 | -€38,715 | -71.7% |
| Income taxes | 67/77 | €14,491 | €3,821 | -€10,670 | -73.6% |
| Profit (loss) for the period | 9904 | €39,509 | €11,464 | -€28,045 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,509 | €11,464 | -€28,045 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.