JTR Works: 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.
JTR Works
Largest movements
- Cash -€40,775
down €40,775 (-29.4%), from €138,835 to €98,060
mainly Investment in fixed assets (net) (-€23,500) and Receivables within one year (-€15,694)
- Tangible fixed assets +€21,266
up €21,266 (+525.2%), from €4,049 to €25,315
of which Furniture and vehicles: +€21,657
- Receivables within one year +€15,694
up €15,694 (+139.0%), from €11,293 to €26,987
of which Trade receivables: +€18,970
- Profit (loss) carried forward -€11,570
down €11,570 (-7.8%), from €148,296 to €136,727
- Tax, wage and social debts +€6,118
up €6,118 (+447.2%), from €1,368 to €7,486
of which Taxes: +€6,736
- Trade debts +€1,637
up €1,637 (+157.5%), from €1,039 to €2,677
- Gross operating margin -€36,226
down €36,226, from €27,830 to -€8,397
- Taxes -€5,397
down €5,397 (-100.0%), from €5,397 to €0
- Depreciation +€2,177
up €2,177 (+3833.5%), from €57 to €2,234
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 | €155,886 | €152,558 | -€3,329 | -2.1% |
| Fixed assets | 21/28 | €4,049 | €25,315 | +€21,266 | +525.2% |
| Tangible fixed assets | 22/27 | €4,049 | €25,315 | +€21,266 | +525.2% |
| Plant, machinery and equipment | 23 | €3,858 | €3,467 | -€391 | -10.1% |
| Furniture and vehicles | 24 | €191 | €21,848 | +€21,657 | +11315.0% |
| Current assets | 29/58 | €151,837 | €127,242 | -€24,595 | -16.2% |
| Amounts receivable within one year | 40/41 | €11,293 | €26,987 | +€15,694 | +139.0% |
| Trade receivables | 40 | €414 | €19,384 | +€18,970 | +4580.2% |
| Other amounts receivable | 41 | €10,879 | €7,603 | -€3,276 | -30.1% |
| Cash at bank and in hand | 54/58 | €138,835 | €98,060 | -€40,775 | -29.4% |
| Deferred charges and accrued income | 490/1 | €1,708 | €2,195 | +€487 | +28.5% |
| Total equity and liabilities | 10/49 | €155,886 | €152,558 | -€3,329 | -2.1% |
| Equity | 10/15 | €152,296 | €140,727 | -€11,570 | -7.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,296 | €136,727 | -€11,570 | -7.8% |
| Amounts payable | 17/49 | €3,590 | €11,831 | +€8,241 | +229.6% |
| Amounts payable within one year | 42/48 | €3,590 | €11,831 | +€8,241 | +229.6% |
| Trade debts | 44 | €1,039 | €2,677 | +€1,637 | +157.5% |
| Suppliers | 440/4 | €1,039 | €2,677 | +€1,637 | +157.5% |
| Taxes, remuneration and social security | 45 | €1,368 | €7,486 | +€6,118 | +447.2% |
| Taxes | 450/3 | €750 | €7,486 | +€6,736 | +898.2% |
| Remuneration and social security | 454/9 | €618 | €0 | -€618 | -100.0% |
| Other amounts payable | 47/48 | €1,182 | €1,668 | +€486 | +41.1% |
| Remuneration, social security and pensions | 62 | €106 | €301 | +€195 | +184.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | €2,234 | +€2,177 | +3833.5% |
| Other operating charges | 640/8 | €324 | €499 | +€175 | +53.8% |
| Gross operating margin | 9900 | €27,830 | -€8,397 | -€36,226 | |
| Operating profit (loss) | 9901 | €27,343 | -€11,430 | -€38,773 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,203 | -€11,570 | -€38,773 | |
| Income taxes | 67/77 | €5,397 | €0 | -€5,397 | -100.0% |
| Profit (loss) for the period | 9904 | €21,805 | -€11,570 | -€33,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,805 | -€11,570 | -€33,375 |
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.