TJC: 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.
TJC
Largest movements
- Cash +€28,231
up €28,231 (+1,297%), from €2,176 to €30,407
mainly Other debts (+€68,334) and Net result for the year (+€44,238)
- Tangible fixed assets -€18,956
down €18,956 (-4.6%), from €412,070 to €393,115
of which Land and buildings: -€19,800
- Other debts +€68,334
up €68,334 (+4,102%), from €1,666 to €70,000
- Reserves -€25,762
down €25,762 (-98.8%), from €26,066 to €304
- Debts after one year -€21,080
down €21,080 (-5.2%), from €404,514 to €383,434
- Tax, wage and social debts -€7,105
down €7,105 (-40.2%), from €17,687 to €10,582
- Gross operating margin +€26,119
up €26,119 (+44.6%), from €58,572 to €84,691
- Taxes +€4,738
up €4,738 (+56.7%), from €8,353 to €13,091
- Financial income -€1,382
down €1,382 (-30.9%), from €4,474 to €3,092
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 | €495,388 | €510,357 | +€14,969 | +3.0% |
| Fixed assets | 21/28 | €412,070 | €393,115 | -€18,956 | -4.6% |
| Tangible fixed assets | 22/27 | €412,070 | €393,115 | -€18,956 | -4.6% |
| Land and buildings | 22 | €410,647 | €390,847 | -€19,800 | -4.8% |
| Plant, machinery and equipment | 23 | - | €1,090 | +€1,090 | |
| Furniture and vehicles | 24 | €1,424 | €1,178 | -€245 | -17.2% |
| Current assets | 29/58 | €83,318 | €117,242 | +€33,924 | +40.7% |
| Amounts receivable within one year | 40/41 | €78,262 | €79,197 | +€935 | +1.2% |
| Trade receivables | 40 | €35,719 | €15,610 | -€20,109 | -56.3% |
| Other amounts receivable | 41 | €42,543 | €63,587 | +€21,044 | +49.5% |
| Cash at bank and in hand | 54/58 | €2,176 | €30,407 | +€28,231 | +1,297% |
| Deferred charges and accrued income | 490/1 | €2,879 | €7,638 | +€4,759 | +165% |
| Total equity and liabilities | 10/49 | €495,388 | €510,357 | +€14,969 | +3.0% |
| Equity | 10/15 | €44,666 | €18,904 | -€25,762 | -57.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,066 | €304 | -€25,762 | -98.8% |
| Distributable reserves | 133 | €26,066 | €304 | -€25,762 | -98.8% |
| Amounts payable | 17/49 | €450,722 | €491,452 | +€40,730 | +9.0% |
| Amounts payable after more than one year | 17 | €404,514 | €383,434 | -€21,080 | -5.2% |
| Financial debts | 170/4 | €404,514 | €383,434 | -€21,080 | -5.2% |
| Amounts payable within one year | 42/48 | €45,815 | €107,626 | +€61,810 | +135% |
| Current portion of amounts payable after more than one year | 42 | €22,459 | €21,080 | -€1,379 | -6.1% |
| Trade debts | 44 | €4,003 | €5,964 | +€1,961 | +49.0% |
| Suppliers | 440/4 | €4,003 | €5,964 | +€1,961 | +49.0% |
| Taxes, remuneration and social security | 45 | €17,687 | €10,582 | -€7,105 | -40.2% |
| Taxes | 450/3 | €17,687 | €10,582 | -€7,105 | -40.2% |
| Other amounts payable | 47/48 | €1,666 | €70,000 | +€68,334 | +4,102% |
| Accrued charges and deferred income | 492/3 | €392 | €392 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,392 | €20,210 | -€183 | -0.9% |
| Other operating charges | 640/8 | €2,966 | €2,660 | -€306 | -10.3% |
| Gross operating margin | 9900 | €58,572 | €84,691 | +€26,119 | +44.6% |
| Operating profit (loss) | 9901 | €35,214 | €61,822 | +€26,608 | +75.6% |
| Financial income | 75/76B | €4,474 | €3,092 | -€1,382 | -30.9% |
| Recurring financial income | 75 | €4,474 | €3,092 | -€1,382 | -30.9% |
| Financial charges | 65/66B | €6,963 | €7,584 | +€621 | +8.9% |
| Recurring financial charges | 65 | €6,963 | €7,584 | +€621 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €32,724 | €57,330 | +€24,605 | +75.2% |
| Income taxes | 67/77 | €8,353 | €13,091 | +€4,738 | +56.7% |
| Profit (loss) for the period | 9904 | €24,371 | €44,238 | +€19,868 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,371 | €44,238 | +€19,868 | +81.5% |
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 13 October 2026 via checked.be.