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Justtime: 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.

What changed

Justtime

BE 0446.943.633
NACE 46.480, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,726
2024 · -€2,305+€9,031
Equity
€120,472
2024 · €133,245-€12,774
Cash
€15,652
2024 · €13,762+€1,889
Balance sheet total
€171,732
2024 · €149,495+€22,236

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€12,288

    up €12,288 (+85.7%), from €14,337 to €26,625

    of which Trade receivables: +€6,698

  • Tangible fixed assets +€6,350

    new in 2025: €6,350

  • Receivables after one year +€5,048

    up €5,048 (+16.8%), from €30,000 to €35,048

  • Intangible fixed assets -€5,000

    down €5,000 (-25.0%), from €20,000 to €15,000

  • Stocks and contracts +€1,904

    up €1,904 (+2.7%), from €70,865 to €72,770

Equity and liabilities
  • Other debts +€19,500

    new in 2025: €19,500

  • Reserves -€12,774

    down €12,774 (-11.1%), from €114,653 to €101,880

  • Trade debts +€7,635

    up €7,635 (+91.0%), from €8,391 to €16,026

  • Tax, wage and social debts +€7,126

    up €7,126 (+90.7%), from €7,859 to €14,984

Income statement
  • Gross operating margin +€14,634

    up €14,634 (+293.4%), from €4,989 to €19,623

  • Taxes +€4,764

    up €4,764 (+829.6%), from €574 to €5,339

  • Depreciation +€702

    up €702 (+14.0%), from €5,000 to €5,702

  • Other operating charges +€307

    up €307 (+27.1%), from €1,134 to €1,441

  • Financial charges -€259

    down €259 (-13.8%), from €1,871 to €1,612

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€2,305
Gross operating margin +€14,634
Depreciation -€702
Other operating charges -€307
Financial income -€88
Financial charges +€259
Taxes -€4,764
Result 2025 €6,726

Cash bridge derived

cash 2024 to 2025

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.

From operations +€28,441
Investment -€7,052
Financing -€19,500
Cash 2024 €13,762
Net result for the year +€6,726
Depreciation +€5,702
Receivables after one year -€5,048
Stocks and contracts -€1,904
Receivables within one year -€12,288
Deferred charges and accrued income +€242
Trade debts +€7,635
Tax, wage and social debts +€7,126
Advances received +€750
Other debts +€19,500
Investment in fixed assets (net) -€7,052
Contributions, distributions and other -€19,500
Cash 2025 €15,652
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €149,495 €171,732 +€22,236 +14.9%
Fixed assets 21/28 €20,036 €21,386 +€1,349 +6.7%
Intangible fixed assets 21 €20,000 €15,000 -€5,000 -25.0%
Tangible fixed assets 22/27 - €6,350 +€6,350
Furniture and vehicles 24 - €6,350 +€6,350
Financial fixed assets 28 €36 €36 = 0.0%
Current assets 29/58 €129,459 €150,346 +€20,887 +16.1%
Amounts receivable after more than one year 29 €30,000 €35,048 +€5,048 +16.8%
Other amounts receivable 291 €30,000 €35,048 +€5,048 +16.8%
Stocks and contracts in progress 3 €70,865 €72,770 +€1,904 +2.7%
Stocks 30/36 €70,865 €72,770 +€1,904 +2.7%
Amounts receivable within one year 40/41 €14,337 €26,625 +€12,288 +85.7%
Trade receivables 40 €9,986 €16,684 +€6,698 +67.1%
Other amounts receivable 41 €4,351 €9,940 +€5,589 +128.5%
Cash at bank and in hand 54/58 €13,762 €15,652 +€1,889 +13.7%
Deferred charges and accrued income 490/1 €494 €252 -€242 -49.0%
Total equity and liabilities 10/49 €149,495 €171,732 +€22,236 +14.9%
Equity 10/15 €133,245 €120,472 -€12,774 -9.6%
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €114,653 €101,880 -€12,774 -11.1%
Distributable reserves 133 €114,653 €101,880 -€12,774 -11.1%
Profit (loss) carried forward 14 - €0 =
Amounts payable 17/49 €16,250 €51,260 +€35,010 +215.4%
Amounts payable within one year 42/48 €16,250 €51,260 +€35,010 +215.4%
Trade debts 44 €8,391 €16,026 +€7,635 +91.0%
Suppliers 440/4 €8,391 €16,026 +€7,635 +91.0%
Advances received on contracts in progress 46 - €750 +€750
Taxes, remuneration and social security 45 €7,859 €14,984 +€7,126 +90.7%
Taxes 450/3 €7,859 €14,984 +€7,126 +90.7%
Other amounts payable 47/48 - €19,500 +€19,500
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,000 €5,702 +€702 +14.0%
Other operating charges 640/8 €1,134 €1,441 +€307 +27.1%
Gross operating margin 9900 €4,989 €19,623 +€14,634 +293.4%
Operating profit (loss) 9901 -€1,145 €12,479 +€13,625
Financial income 75/76B €1,285 €1,197 -€88 -6.8%
Recurring financial income 75 €1,285 €1,197 -€88 -6.8%
Financial charges 65/66B €1,871 €1,612 -€259 -13.8%
Recurring financial charges 65 €1,871 €1,612 -€259 -13.8%
Profit (loss) for the period before taxes 9903 -€1,731 €12,065 +€13,796
Income taxes 67/77 €574 €5,339 +€4,764 +829.6%
Profit (loss) for the period 9904 -€2,305 €6,726 +€9,031
Profit (loss) for the period to be appropriated 9905 -€2,305 €6,726 +€9,031

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.