T' SJAC: 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.
T' SJAC
Largest movements
- Receivables within one year +€137,472
up €137,472 (+171.3%), from €80,233 to €217,705
- Cash +€23,382
up €23,382 (+76.5%), from €30,567 to €53,949
mainly Net result for the year (+€300,811) and Other debts (+€143,755)
- Current investments +€20,000
up €20,000 (+11.1%), from €180,000 to €200,000
- Other debts +€143,755
up €143,755 (+89.4%), from €160,831 to €304,586
- Short-term financial debts +€65,473
up €65,473 (+727.5%), from €9,000 to €74,473
- Debts after one year -€26,575
down €26,575 (-33.0%), from €80,516 to €53,940
- Gross operating margin +€298,557
up €298,557 (+296.0%), from €100,858 to €399,415
- Taxes +€62,822
up €62,822 (+193.8%), from €32,419 to €95,241
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 | €301,600 | €479,907 | +€178,307 | +59.1% |
| Fixed assets | 21/28 | €8,379 | €5,744 | -€2,635 | -31.5% |
| Tangible fixed assets | 22/27 | €6,379 | €3,744 | -€2,635 | -41.3% |
| Furniture and vehicles | 24 | €6,379 | €3,744 | -€2,635 | -41.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €293,221 | €474,163 | +€180,943 | +61.7% |
| Amounts receivable within one year | 40/41 | €80,233 | €217,705 | +€137,472 | +171.3% |
| Other amounts receivable | 41 | €80,233 | €217,705 | +€137,472 | +171.3% |
| Current investments | 50/53 | €180,000 | €200,000 | +€20,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €30,567 | €53,949 | +€23,382 | +76.5% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,509 | +€89 | +3.7% |
| Total equity and liabilities | 10/49 | €301,600 | €479,907 | +€178,307 | +59.1% |
| Equity | 10/15 | €22,376 | €18,600 | -€3,776 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €1,916 | - | -€1,916 | |
| Amounts payable | 17/49 | €279,224 | €461,307 | +€182,083 | +65.2% |
| Amounts payable after more than one year | 17 | €80,516 | €53,940 | -€26,575 | -33.0% |
| Financial debts | 170/4 | €80,516 | €53,940 | -€26,575 | -33.0% |
| Amounts payable within one year | 42/48 | €198,708 | €407,367 | +€208,658 | +105.0% |
| Current portion of amounts payable after more than one year | 42 | €26,315 | €26,575 | +€260 | +1.0% |
| Financial debts | 43 | €9,000 | €74,473 | +€65,473 | +727.5% |
| Other loans | 439 | €9,000 | €74,473 | +€65,473 | +727.5% |
| Trade debts | 44 | €2,562 | €1,732 | -€830 | -32.4% |
| Suppliers | 440/4 | €2,562 | €1,732 | -€830 | -32.4% |
| Other amounts payable | 47/48 | €160,831 | €304,586 | +€143,755 | +89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,214 | €4,376 | +€163 | +3.9% |
| Other operating charges | 640/8 | €1,636 | €1,206 | -€429 | -26.3% |
| Gross operating margin | 9900 | €100,858 | €399,415 | +€298,557 | +296.0% |
| Operating profit (loss) | 9901 | €95,008 | €393,832 | +€298,824 | +314.5% |
| Financial income | 75/76B | €7,601 | €3,944 | -€3,657 | -48.1% |
| Recurring financial income | 75 | €7,601 | €3,944 | -€3,657 | -48.1% |
| Financial charges | 65/66B | €4,585 | €1,724 | -€2,861 | -62.4% |
| Recurring financial charges | 65 | €4,585 | €1,724 | -€2,861 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €98,023 | €396,052 | +€298,029 | +304.0% |
| Income taxes | 67/77 | €32,419 | €95,241 | +€62,822 | +193.8% |
| Profit (loss) for the period | 9904 | €65,604 | €300,811 | +€235,206 | +358.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,604 | €300,811 | +€235,206 | +358.5% |
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 8 October 2026 via checked.be.