TJN: 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.
TJN
Largest movements
- Receivables within one year +€67,131
up €67,131 (+543%), from €12,366 to €79,498
- Tangible fixed assets +€20,326
new in 2025: €20,326
of which Furniture and vehicles: +€10,181
- Deferred charges and accrued income +€7,050
up €7,050 (+543%), from €1,299 to €8,349
- Cash +€1,597
up €1,597 (+66.6%), from €2,397 to €3,994
mainly Net result for the year (+€55,904) and Tax, wage and social debts (+€17,715)
- Reserves +€55,184
new in 2025: €55,184
- Tax, wage and social debts +€17,715
up €17,715 (+847%), from €2,091 to €19,806
- Other debts +€9,659
up €9,659 (+114%), from €8,484 to €18,143
- Trade debts +€9,012
up €9,012 (+281%), from €3,206 to €12,218
- Accrued charges and deferred income +€3,816
new in 2025: €3,816
- Gross operating margin +€77,199
up €77,199 (+120,737%), from €64 to €77,263
- Taxes +€16,948
up €16,948 (+28,936%), from €59 to €17,006
- Other operating charges +€2,261
up €2,261 (+315%), from €718 to €2,979
- Depreciation +€1,007
new in 2025: €1,007
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 | €16,062 | €112,167 | +€96,105 | +598% |
| Fixed assets | 21/28 | - | €20,326 | +€20,326 | |
| Tangible fixed assets | 22/27 | - | €20,326 | +€20,326 | |
| Furniture and vehicles | 24 | - | €10,181 | +€10,181 | |
| Other tangible fixed assets | 26 | - | €10,145 | +€10,145 | |
| Current assets | 29/58 | €16,062 | €91,841 | +€75,779 | +472% |
| Amounts receivable within one year | 40/41 | €12,366 | €79,498 | +€67,131 | +543% |
| Trade receivables | 40 | €12,366 | €79,498 | +€67,131 | +543% |
| Cash at bank and in hand | 54/58 | €2,397 | €3,994 | +€1,597 | +66.6% |
| Deferred charges and accrued income | 490/1 | €1,299 | €8,349 | +€7,050 | +543% |
| Total equity and liabilities | 10/49 | €16,062 | €112,167 | +€96,105 | +598% |
| Equity | 10/15 | €2,280 | €58,184 | +€55,904 | +2,452% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €55,184 | +€55,184 | |
| Distributable reserves | 133 | - | €55,184 | +€55,184 | |
| Profit (loss) carried forward | 14 | -€720 | €0 | +€720 | |
| Amounts payable | 17/49 | €13,782 | €53,983 | +€40,201 | +292% |
| Amounts payable within one year | 42/48 | €13,782 | €50,167 | +€36,385 | +264% |
| Trade debts | 44 | €3,206 | €12,218 | +€9,012 | +281% |
| Suppliers | 440/4 | €3,206 | €12,218 | +€9,012 | +281% |
| Taxes, remuneration and social security | 45 | €2,091 | €19,806 | +€17,715 | +847% |
| Taxes | 450/3 | €2,091 | €19,806 | +€17,715 | +847% |
| Other amounts payable | 47/48 | €8,484 | €18,143 | +€9,659 | +114% |
| Accrued charges and deferred income | 492/3 | - | €3,816 | +€3,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,007 | +€1,007 | |
| Other operating charges | 640/8 | €718 | €2,979 | +€2,261 | +315% |
| Gross operating margin | 9900 | €64 | €77,263 | +€77,199 | +120,737% |
| Operating profit (loss) | 9901 | -€654 | €73,277 | +€73,931 | |
| Financial charges | 65/66B | €8 | €367 | +€359 | +4,792% |
| Recurring financial charges | 65 | €8 | €367 | +€359 | +4,792% |
| Profit (loss) for the period before taxes | 9903 | -€661 | €72,910 | +€73,571 | |
| Income taxes | 67/77 | €59 | €17,006 | +€16,948 | +28,936% |
| Profit (loss) for the period | 9904 | -€720 | €55,904 | +€56,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€720 | €55,904 | +€56,623 |
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 27 October 2026 via checked.be.