JTT PROJECTS: 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.
JTT PROJECTS
Largest movements
- Current investments -€349,229
down €349,229 (-46.0%), from €760,000 to €410,771
- Financial fixed assets -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€49,106
down €49,106 (-40.9%), from €119,997 to €70,891
mainly Contributions, distributions and other (-€669,765) and Tax, wage and social debts (-€128,906)
- Receivables within one year -€11,912
down €11,912 (-64.7%), from €18,412 to €6,500
of which Trade receivables: -€17,766
- Profit (loss) carried forward -€434,697
down €434,697 (-47.3%), from €919,339 to €484,643
- Tax, wage and social debts -€128,906
down €128,906 (-95.3%), from €135,306 to €6,400
- Gross operating margin -€200,157
down €200,157 (-39.0%), from €512,593 to €312,436
- Taxes -€50,761
down €50,761 (-40.8%), from €124,297 to €73,536
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,065,794 | €506,437 | -€559,357 | -52.5% |
| Fixed assets | 21/28 | €165,137 | €17,621 | -€147,516 | -89.3% |
| Tangible fixed assets | 22/27 | €15,137 | €17,621 | +€2,484 | +16.4% |
| Plant, machinery and equipment | 23 | €3,081 | €2,394 | -€687 | -22.3% |
| Furniture and vehicles | 24 | €12,057 | €15,228 | +€3,171 | +26.3% |
| Financial fixed assets | 28 | €150,000 | €0 | -€150,000 | -100% |
| Current assets | 29/58 | €900,657 | €488,815 | -€411,841 | -45.7% |
| Amounts receivable within one year | 40/41 | €18,412 | €6,500 | -€11,912 | -64.7% |
| Trade receivables | 40 | €17,766 | €0 | -€17,766 | -100% |
| Other amounts receivable | 41 | €646 | €6,500 | +€5,854 | +906% |
| Current investments | 50/53 | €760,000 | €410,771 | -€349,229 | -46.0% |
| Cash at bank and in hand | 54/58 | €119,997 | €70,891 | -€49,106 | -40.9% |
| Deferred charges and accrued income | 490/1 | €2,247 | €653 | -€1,594 | -70.9% |
| Total equity and liabilities | 10/49 | €1,065,794 | €506,437 | -€559,357 | -52.5% |
| Equity | 10/15 | €924,339 | €489,643 | -€434,697 | -47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €919,339 | €484,643 | -€434,697 | -47.3% |
| Amounts payable | 17/49 | €141,455 | €16,794 | -€124,661 | -88.1% |
| Amounts payable within one year | 42/48 | €141,455 | €16,794 | -€124,661 | -88.1% |
| Financial debts | 43 | €91 | €25 | -€66 | -72.4% |
| Credit institutions | 430/8 | €91 | €25 | -€66 | -72.4% |
| Trade debts | 44 | €1,565 | €5,907 | +€4,342 | +277% |
| Suppliers | 440/4 | €1,565 | €5,907 | +€4,342 | +277% |
| Taxes, remuneration and social security | 45 | €135,306 | €6,400 | -€128,906 | -95.3% |
| Taxes | 450/3 | €135,306 | €6,400 | -€128,906 | -95.3% |
| Other amounts payable | 47/48 | €4,493 | €4,461 | -€32 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,407 | €3,909 | +€1,502 | +62.4% |
| Other operating charges | 640/8 | €610 | €868 | +€258 | +42.3% |
| Gross operating margin | 9900 | €512,593 | €312,436 | -€200,157 | -39.0% |
| Operating profit (loss) | 9901 | €509,576 | €307,659 | -€201,918 | -39.6% |
| Financial income | 75/76B | €4,843 | €3,960 | -€883 | -18.2% |
| Recurring financial income | 75 | €4,843 | €3,960 | -€883 | -18.2% |
| Financial charges | 65/66B | €2,086 | €3,015 | +€929 | +44.5% |
| Recurring financial charges | 65 | €2,086 | €3,015 | +€929 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €512,333 | €308,604 | -€203,729 | -39.8% |
| Income taxes | 67/77 | €124,297 | €73,536 | -€50,761 | -40.8% |
| Profit (loss) for the period | 9904 | €388,035 | €235,068 | -€152,967 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €388,035 | €235,068 | -€152,967 | -39.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.