TJI MANAGEMENT: 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.
TJI MANAGEMENT
Largest movements
- Current investments +€180,534
up €180,534 (+260%), from €69,466 to €250,000
- Receivables within one year +€27,466
up €27,466 (+141%), from €19,527 to €46,993
of which Other amounts receivable: +€27,466
- Tangible fixed assets -€10,230
down €10,230 (-24.5%), from €41,726 to €31,496
of which Furniture and vehicles: -€7,754
- Cash +€6,832
up €6,832 (+2.8%), from €245,957 to €252,789
mainly Net result for the year (+€1.0m) and Tax, wage and social debts (+€75,714)
- Reserves +€232,911
new in 2025: €232,911
- Other debts -€102,740
down €102,740 (-100%), from €102,740 to €0
- Tax, wage and social debts +€75,714
up €75,714 (+115%), from €65,918 to €141,632
of which Taxes: +€75,714
- Gross operating margin +€743,778
up €743,778 (+109%), from €684,695 to €1.4m
- Financial charges -€376,674
down €376,674 (-100.0%), from €376,689 to €15
- Taxes +€211,661
up €211,661 (+123%), from €172,063 to €383,724
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 | €377,460 | €582,073 | +€204,613 | +54.2% |
| Fixed assets | 21/28 | €41,726 | €31,496 | -€10,230 | -24.5% |
| Tangible fixed assets | 22/27 | €41,726 | €31,496 | -€10,230 | -24.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €29,508 | €21,754 | -€7,754 | -26.3% |
| Other tangible fixed assets | 26 | €12,218 | €9,742 | -€2,476 | -20.3% |
| Current assets | 29/58 | €335,735 | €550,578 | +€214,843 | +64.0% |
| Amounts receivable within one year | 40/41 | €19,527 | €46,993 | +€27,466 | +141% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €19,527 | €46,993 | +€27,466 | +141% |
| Current investments | 50/53 | €69,466 | €250,000 | +€180,534 | +260% |
| Cash at bank and in hand | 54/58 | €245,957 | €252,789 | +€6,832 | +2.8% |
| Deferred charges and accrued income | 490/1 | €785 | €796 | +€11 | +1.4% |
| Total equity and liabilities | 10/49 | €377,460 | €582,073 | +€204,613 | +54.2% |
| Equity | 10/15 | €206,561 | €439,472 | +€232,911 | +113% |
| Contributions | 10/11 | €202,740 | €202,740 | = | 0.0% |
| Reserves | 13 | - | €232,911 | +€232,911 | |
| Distributable reserves | 133 | - | €232,911 | +€232,911 | |
| Profit (loss) carried forward | 14 | €3,821 | €3,821 | = | 0.0% |
| Amounts payable | 17/49 | €170,900 | €142,602 | -€28,298 | -16.6% |
| Amounts payable within one year | 42/48 | €170,900 | €142,602 | -€28,298 | -16.6% |
| Trade debts | 44 | €2,242 | €969 | -€1,273 | -56.8% |
| Suppliers | 440/4 | €2,242 | €969 | -€1,273 | -56.8% |
| Taxes, remuneration and social security | 45 | €65,918 | €141,632 | +€75,714 | +115% |
| Taxes | 450/3 | €65,918 | €141,632 | +€75,714 | +115% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €102,740 | €0 | -€102,740 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,269 | €10,230 | -€39 | -0.4% |
| Other operating charges | 640/8 | €3,237 | €2,581 | -€656 | -20.3% |
| Gross operating margin | 9900 | €684,695 | €1,428,473 | +€743,778 | +109% |
| Operating profit (loss) | 9901 | €671,189 | €1,415,662 | +€744,473 | +111% |
| Financial income | 75/76B | €606 | €1,724 | +€1,118 | +185% |
| Recurring financial income | 75 | €606 | €1,724 | +€1,118 | +185% |
| Financial charges | 65/66B | €376,689 | €15 | -€376,674 | -100.0% |
| Recurring financial charges | 65 | €376,689 | €15 | -€376,674 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €295,105 | €1,417,370 | +€1.1m | +380% |
| Income taxes | 67/77 | €172,063 | €383,724 | +€211,661 | +123% |
| Profit (loss) for the period | 9904 | €123,042 | €1,033,646 | +€910,604 | +740% |
| Profit (loss) for the period to be appropriated | 9905 | €123,042 | €1,033,646 | +€910,604 | +740% |
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 15 October 2026 via checked.be.