TJB: 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.
TJB
Largest movements
- Receivables within one year +€84,776
up €84,776 (+247.2%), from €34,301 to €119,077
of which Trade receivables: +€82,792
- Cash -€6,932
down €6,932 (-53.1%), from €13,054 to €6,123
mainly Receivables within one year (-€84,776) and Deferred charges and accrued income (-€397)
- Trade debts +€39,605
up €39,605 (+191.0%), from €20,735 to €60,340
- Reserves +€25,000
up €25,000 (+416.7%), from €6,000 to €31,000
- Other debts +€8,741
up €8,741 (+982.1%), from €890 to €9,631
- Tax, wage and social debts +€4,827
up €4,827 (+24.1%), from €20,022 to €24,848
of which Taxes: +€15,951
- Staff costs -€21,583
down €21,583 (-86.2%), from €25,038 to €3,456
- Taxes +€9,168
up €9,168 (+237.3%), from €3,863 to €13,031
- Gross operating margin +€6,816
up €6,816 (+17.8%), from €38,319 to €45,135
- Financial charges +€2,238
up €2,238 (+1465.5%), from €153 to €2,391
- Other operating charges -€959
down €959 (-44.3%), from €2,166 to €1,207
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 | €64,678 | €142,498 | +€77,820 | +120.3% |
| Fixed assets | 21/28 | €17,323 | €16,902 | -€421 | -2.4% |
| Tangible fixed assets | 22/27 | €1,724 | €1,302 | -€421 | -24.4% |
| Furniture and vehicles | 24 | €1,724 | €1,302 | -€421 | -24.4% |
| Financial fixed assets | 28 | €15,600 | €15,600 | = | 0.0% |
| Current assets | 29/58 | €47,355 | €125,597 | +€78,241 | +165.2% |
| Amounts receivable within one year | 40/41 | €34,301 | €119,077 | +€84,776 | +247.2% |
| Trade receivables | 40 | €19,301 | €102,093 | +€82,792 | +428.9% |
| Other amounts receivable | 41 | €15,000 | €16,984 | +€1,984 | +13.2% |
| Cash at bank and in hand | 54/58 | €13,054 | €6,123 | -€6,932 | -53.1% |
| Deferred charges and accrued income | 490/1 | - | €397 | +€397 | |
| Total equity and liabilities | 10/49 | €64,678 | €142,498 | +€77,820 | +120.3% |
| Equity | 10/15 | €23,032 | €47,679 | +€24,647 | +107.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €31,000 | +€25,000 | +416.7% |
| Distributable reserves | 133 | €6,000 | €31,000 | +€25,000 | +416.7% |
| Profit (loss) carried forward | 14 | €2,032 | €1,679 | -€353 | -17.4% |
| Amounts payable | 17/49 | €41,647 | €94,819 | +€53,173 | +127.7% |
| Amounts payable within one year | 42/48 | €41,647 | €94,819 | +€53,173 | +127.7% |
| Trade debts | 44 | €20,735 | €60,340 | +€39,605 | +191.0% |
| Suppliers | 440/4 | €20,735 | €60,340 | +€39,605 | +191.0% |
| Taxes, remuneration and social security | 45 | €20,022 | €24,848 | +€4,827 | +24.1% |
| Taxes | 450/3 | €8,898 | €24,848 | +€15,951 | +179.3% |
| Remuneration and social security | 454/9 | €11,124 | - | -€11,124 | |
| Other amounts payable | 47/48 | €890 | €9,631 | +€8,741 | +982.1% |
| Remuneration, social security and pensions | 62 | €25,038 | €3,456 | -€21,583 | -86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €421 | +€38 | +9.9% |
| Other operating charges | 640/8 | €2,166 | €1,207 | -€959 | -44.3% |
| Gross operating margin | 9900 | €38,319 | €45,135 | +€6,816 | +17.8% |
| Operating profit (loss) | 9901 | €10,732 | €40,051 | +€29,320 | +273.2% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €153 | €2,391 | +€2,238 | +1465.5% |
| Recurring financial charges | 65 | €153 | €2,391 | +€2,238 | +1465.5% |
| Profit (loss) for the period before taxes | 9903 | €10,579 | €37,678 | +€27,099 | +256.2% |
| Income taxes | 67/77 | €3,863 | €13,031 | +€9,168 | +237.3% |
| Profit (loss) for the period | 9904 | €6,716 | €24,647 | +€17,931 | +267.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,716 | €24,647 | +€17,931 | +267.0% |
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 7 October 2026 via checked.be.