TJF immobilier: what changed
What changed
TJF immobilier
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€101,395
2024 · -€20,166-€81,229
Equity
-€119,561
2024 · -€18,166-€101,395
Cash
€5,918
2024 · €38,729-€32,811
Balance sheet total
€4.4m
2024 · €3.8m+€504,644
Largest movements
Assets
- Receivables after one year +€3.9m
up €3.9m (+1,166%), from €336,683 to €4.3m
- Receivables within one year -€3.4m
down €3.4m (-100.0%), from €3.4m to €428
Equity and liabilities
- Debts after one year +€554,679
up €554,679 (+14.3%), from €3.9m to €4.4m
- Profit (loss) carried forward -€101,395
down €101,395 (-503%), from -€20,166 to -€121,561
- Trade debts +€51,210
up €51,210 (+28,856%), from €177 to €51,388
Income statement
- Gross operating margin -€86,640
down €86,640 (-702%), from -€12,343 to -€98,984
- Other operating charges -€5,559
down €5,559 (-98.9%), from €5,619 to €60
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€20,166
Gross operating margin
-€86,640
Depreciation
+€1
Other operating charges
+€5,559
Other operating items
+€25
Financial charges
-€24
Taxes
-€150
Result 2025
-€101,395
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€585,060
Investment
-€2,429
Financing
+€554,679
Cash 2024
€38,729
From operations (derived)
-€585,060
Net result for the year
-€101,395
Depreciation
+€2,036
Receivables after one year
-€3.9m
Receivables within one year
+€3.4m
Trade debts
+€51,210
Tax, wage and social debts
+€150
Investment (derived)
-€2,429
Investment in fixed assets (net)
-€2,429
Financing
+€554,679
Debts after one year
+€554,679
Cash 2025
€5,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,847,500 | €4,352,145 | +€504,644 | +13.1% |
| Fixed assets | 21/28 | €83,934 | €84,327 | +€393 | +0.5% |
| Tangible fixed assets | 22/27 | €79,434 | €78,327 | -€1,107 | -1.4% |
| Furniture and vehicles | 24 | €79,434 | €78,327 | -€1,107 | -1.4% |
| Financial fixed assets | 28 | €4,500 | €6,000 | +€1,500 | +33.3% |
| Current assets | 29/58 | €3,763,566 | €4,267,818 | +€504,251 | +13.4% |
| Amounts receivable after more than one year | 29 | €336,683 | €4,261,471 | +€3.9m | +1,166% |
| Other amounts receivable | 291 | €336,683 | €4,261,471 | +€3.9m | +1,166% |
| Amounts receivable within one year | 40/41 | €3,388,154 | €428 | -€3.4m | -100.0% |
| Other amounts receivable | 41 | €3,388,154 | €428 | -€3.4m | -100.0% |
| Cash at bank and in hand | 54/58 | €38,729 | €5,918 | -€32,811 | -84.7% |
| Total equity and liabilities | 10/49 | €3,847,500 | €4,352,145 | +€504,644 | +13.1% |
| Equity | 10/15 | -€18,166 | -€119,561 | -€101,395 | -558% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,166 | -€121,561 | -€101,395 | -503% |
| Amounts payable | 17/49 | €3,865,667 | €4,471,705 | +€606,039 | +15.7% |
| Amounts payable after more than one year | 17 | €3,865,489 | €4,420,168 | +€554,679 | +14.3% |
| Other amounts payable | 178/9 | €3,865,489 | €4,420,168 | +€554,679 | +14.3% |
| Amounts payable within one year | 42/48 | €177 | €51,538 | +€51,360 | +28,940% |
| Trade debts | 44 | €177 | €51,388 | +€51,210 | +28,856% |
| Suppliers | 440/4 | €177 | €51,388 | +€51,210 | +28,856% |
| Taxes, remuneration and social security | 45 | - | €150 | +€150 | |
| Taxes | 450/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,037 | €2,036 | -€1 | -0.1% |
| Other operating charges | 640/8 | €5,619 | €60 | -€5,559 | -98.9% |
| Non-recurring operating charges | 66A | €25 | - | -€25 | |
| Gross operating margin | 9900 | -€12,343 | -€98,984 | -€86,640 | -702% |
| Operating profit (loss) | 9901 | -€20,025 | -€101,080 | -€81,055 | -405% |
| Financial charges | 65/66B | €141 | €165 | +€24 | +16.7% |
| Recurring financial charges | 65 | €141 | €165 | +€24 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,166 | -€101,245 | -€81,079 | -402% |
| Income taxes | 67/77 | - | €150 | +€150 | |
| Profit (loss) for the period | 9904 | -€20,166 | -€101,395 | -€81,229 | -403% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,166 | -€101,395 | -€81,229 | -403% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.