JUSTIN TIME: 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.
JUSTIN TIME
Largest movements
- Receivables within one year +€61,744
up €61,744 (+65.4%), from €94,482 to €156,227
- Cash -€27,063
down €27,063 (-41.6%), from €65,087 to €38,023
mainly Receivables within one year (-€61,744) and Contributions, distributions and other (-€16,000)
- Tangible fixed assets -€2,482
down €2,482 (-9.7%), from €25,707 to €23,224
of which Furniture and vehicles: -€4,218
- Trade debts +€42,065
up €42,065 (+46.2%), from €91,006 to €133,071
- Debts after one year -€12,200
down €12,200 (-57.2%), from €21,344 to €9,144
- Profit (loss) carried forward +€7,040
up €7,040 (+30.9%), from €22,795 to €29,834
- Other debts -€5,480
down €5,480 (-24.1%), from €22,730 to €17,251
- Taxes +€6,139
new in 2024: €6,139
- Depreciation +€1,767
up €1,767 (+22.6%), from €7,815 to €9,582
- Financial charges -€1,126
down €1,126 (-80.0%), from €1,408 to €282
- Other operating charges -€867
down €867 (-27.6%), from €3,142 to €2,275
- Gross operating margin -€460
down €460 (-1.1%), from €41,776 to €41,316
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 | €185,555 | €218,591 | +€33,037 | +17.8% |
| Fixed assets | 21/28 | €25,986 | €23,503 | -€2,482 | -9.6% |
| Tangible fixed assets | 22/27 | €25,707 | €23,224 | -€2,482 | -9.7% |
| Plant, machinery and equipment | 23 | - | €1,736 | +€1,736 | |
| Furniture and vehicles | 24 | €25,707 | €21,489 | -€4,218 | -16.4% |
| Financial fixed assets | 28 | €279 | €279 | = | 0.0% |
| Current assets | 29/58 | €159,569 | €195,088 | +€35,519 | +22.3% |
| Stocks and contracts in progress | 3 | - | €838 | +€838 | |
| Stocks | 30/36 | - | €838 | +€838 | |
| Amounts receivable within one year | 40/41 | €94,482 | €156,227 | +€61,744 | +65.4% |
| Trade receivables | 40 | €94,482 | €156,227 | +€61,744 | +65.4% |
| Cash at bank and in hand | 54/58 | €65,087 | €38,023 | -€27,063 | -41.6% |
| Total equity and liabilities | 10/49 | €185,555 | €218,591 | +€33,037 | +17.8% |
| Equity | 10/15 | €37,399 | €44,438 | +€7,040 | +18.8% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €404 | €404 | = | 0.0% |
| Non-distributable reserves | 130/1 | €404 | €404 | = | 0.0% |
| Reserves not available under the articles | 1311 | €404 | €404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,795 | €29,834 | +€7,040 | +30.9% |
| Amounts payable | 17/49 | €148,156 | €174,153 | +€25,997 | +17.5% |
| Amounts payable after more than one year | 17 | €21,344 | €9,144 | -€12,200 | -57.2% |
| Financial debts | 170/4 | €21,344 | €9,144 | -€12,200 | -57.2% |
| Amounts payable within one year | 42/48 | €126,812 | €165,009 | +€38,197 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €12,204 | €12,200 | -€4 | 0.0% |
| Financial debts | 43 | €470 | - | -€470 | |
| Credit institutions | 430/8 | €470 | - | -€470 | |
| Trade debts | 44 | €91,006 | €133,071 | +€42,065 | +46.2% |
| Suppliers | 440/4 | €91,006 | €133,071 | +€42,065 | +46.2% |
| Taxes, remuneration and social security | 45 | €402 | €2,487 | +€2,085 | +519% |
| Taxes | 450/3 | €402 | €2,487 | +€2,085 | +519% |
| Other amounts payable | 47/48 | €22,730 | €17,251 | -€5,480 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,815 | €9,582 | +€1,767 | +22.6% |
| Other operating charges | 640/8 | €3,142 | €2,275 | -€867 | -27.6% |
| Gross operating margin | 9900 | €41,776 | €41,316 | -€460 | -1.1% |
| Operating profit (loss) | 9901 | €30,820 | €29,460 | -€1,360 | -4.4% |
| Financial charges | 65/66B | €1,408 | €282 | -€1,126 | -80.0% |
| Recurring financial charges | 65 | €1,408 | €282 | -€1,126 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €29,412 | €29,178 | -€234 | -0.8% |
| Income taxes | 67/77 | - | €6,139 | +€6,139 | |
| Profit (loss) for the period | 9904 | €29,412 | €23,040 | -€6,373 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,412 | €23,040 | -€6,373 | -21.7% |
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 14 October 2026 via checked.be.