JTW Consulting: 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.
JTW Consulting
Largest movements
- Cash +€29,354
up €29,354 (+78.0%), from €37,638 to €66,992
mainly Net result for the year (+€69,596) and Other debts (+€59,623)
- Receivables within one year +€22,641
up €22,641 (+16.3%), from €138,881 to €161,522
of which Other amounts receivable: +€14,470
- Current investments +€11,374
up €11,374 (+556%), from €2,046 to €13,419
- Tangible fixed assets -€7,970
down €7,970 (-3.4%), from €232,397 to €224,428
of which Other tangible fixed assets: -€5,770
- Intangible fixed assets -€6,289
down €6,289 (-66.0%), from €9,524 to €3,235
- Other debts +€59,623
up €59,623 (+598%), from €9,974 to €69,596
- Debts after one year -€10,004
down €10,004 (-6.8%), from €146,691 to €136,687
- Gross operating margin +€11,348
up €11,348 (+10.3%), from €109,942 to €121,290
- Taxes -€3,890
down €3,890 (-16.9%), from €22,990 to €19,100
- Depreciation +€1,395
up €1,395 (+5.7%), from €24,270 to €25,666
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.
Derived cash bridge
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 | €428,597 | €481,270 | +€52,673 | +12.3% |
| Fixed assets | 21/28 | €241,921 | €227,663 | -€14,258 | -5.9% |
| Intangible fixed assets | 21 | €9,524 | €3,235 | -€6,289 | -66.0% |
| Tangible fixed assets | 22/27 | €232,397 | €224,428 | -€7,970 | -3.4% |
| Land and buildings | 22 | €167,651 | €163,201 | -€4,450 | -2.7% |
| Plant, machinery and equipment | 23 | €211 | €143 | -€68 | -32.4% |
| Furniture and vehicles | 24 | €30,273 | €32,592 | +€2,319 | +7.7% |
| Other tangible fixed assets | 26 | €34,263 | €28,493 | -€5,770 | -16.8% |
| Current assets | 29/58 | €186,676 | €253,607 | +€66,931 | +35.9% |
| Amounts receivable within one year | 40/41 | €138,881 | €161,522 | +€22,641 | +16.3% |
| Trade receivables | 40 | €136,476 | €144,647 | +€8,171 | +6.0% |
| Other amounts receivable | 41 | €2,405 | €16,875 | +€14,470 | +602% |
| Current investments | 50/53 | €2,046 | €13,419 | +€11,374 | +556% |
| Cash at bank and in hand | 54/58 | €37,638 | €66,992 | +€29,354 | +78.0% |
| Deferred charges and accrued income | 490/1 | €8,111 | €11,673 | +€3,562 | +43.9% |
| Total equity and liabilities | 10/49 | €428,597 | €481,270 | +€52,673 | +12.3% |
| Equity | 10/15 | €142,632 | €142,632 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,032 | €124,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,172 | €122,172 | = | 0.0% |
| Amounts payable | 17/49 | €285,965 | €338,638 | +€52,673 | +18.4% |
| Amounts payable after more than one year | 17 | €146,691 | €136,687 | -€10,004 | -6.8% |
| Financial debts | 170/4 | €146,691 | €136,687 | -€10,004 | -6.8% |
| Amounts payable within one year | 42/48 | €139,229 | €201,449 | +€62,221 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €10,487 | €10,004 | -€482 | -4.6% |
| Trade debts | 44 | €110,414 | €114,464 | +€4,049 | +3.7% |
| Suppliers | 440/4 | €110,414 | €114,464 | +€4,049 | +3.7% |
| Taxes, remuneration and social security | 45 | €8,354 | €7,385 | -€969 | -11.6% |
| Taxes | 450/3 | €8,354 | €7,385 | -€969 | -11.6% |
| Other amounts payable | 47/48 | €9,974 | €69,596 | +€59,623 | +598% |
| Accrued charges and deferred income | 492/3 | €46 | €502 | +€457 | +1,000% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,270 | €25,666 | +€1,395 | +5.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €25 | +€25 | |
| Gross operating margin | 9900 | €109,942 | €121,290 | +€11,348 | +10.3% |
| Operating profit (loss) | 9901 | €85,285 | €95,199 | +€9,915 | +11.6% |
| Financial income | 75/76B | €1 | €17 | +€17 | +2,005% |
| Recurring financial income | 75 | €1 | €17 | +€17 | +2,005% |
| Financial charges | 65/66B | €6,738 | €6,520 | -€218 | -3.2% |
| Recurring financial charges | 65 | €6,738 | €6,520 | -€218 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €78,547 | €88,697 | +€10,149 | +12.9% |
| Income taxes | 67/77 | €22,990 | €19,100 | -€3,890 | -16.9% |
| Profit (loss) for the period | 9904 | €55,557 | €69,596 | +€14,040 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,557 | €69,596 | +€14,040 | +25.3% |
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 19 October 2026 via checked.be.