TJOP: 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.
TJOP
Largest movements
- Receivables within one year +€71,515
up €71,515 (+16486.2%), from €434 to €71,949
of which Other amounts receivable: +€69,566
- Cash -€5,925
down €5,925 (-16.6%), from €35,747 to €29,822
mainly Receivables within one year (-€71,515) and Deferred charges and accrued income (-€1,894)
- Deferred charges and accrued income +€1,894
up €1,894 (+117.7%), from €1,609 to €3,503
- Reserves +€52,599
up €52,599 (+105.1%), from €50,060 to €102,659
- Tax, wage and social debts +€14,231
up €14,231 (+650.3%), from €2,188 to €16,419
- Accrued charges and deferred income +€2,204
up €2,204 (+572.6%), from €385 to €2,589
- Gross operating margin +€25,812
up €25,812 (+55.2%), from €46,735 to €72,547
- Taxes +€4,989
up €4,989 (+52.8%), from €9,455 to €14,444
- Financial charges +€2,197
up €2,197 (+169.7%), from €1,294 to €3,491
- Financial income +€1,121
up €1,121 (+244.9%), from €457 to €1,578
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 | €94,900 | €161,465 | +€66,565 | +70.1% |
| Fixed assets | 21/28 | €4,511 | €3,591 | -€920 | -20.4% |
| Tangible fixed assets | 22/27 | €4,311 | €3,391 | -€920 | -21.3% |
| Plant, machinery and equipment | 23 | €4,311 | €3,391 | -€920 | -21.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €90,389 | €157,873 | +€67,484 | +74.7% |
| Amounts receivable after more than one year | 29 | €52,600 | €52,600 | = | 0.0% |
| Other amounts receivable | 291 | €52,600 | €52,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €434 | €71,949 | +€71,515 | +16486.2% |
| Trade receivables | 40 | €0 | €1,949 | +€1,949 | |
| Other amounts receivable | 41 | €434 | €70,000 | +€69,566 | +16036.8% |
| Cash at bank and in hand | 54/58 | €35,747 | €29,822 | -€5,925 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,609 | €3,503 | +€1,894 | +117.7% |
| Total equity and liabilities | 10/49 | €94,900 | €161,465 | +€66,565 | +70.1% |
| Equity | 10/15 | €51,060 | €103,659 | +€52,599 | +103.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,060 | €102,659 | +€52,599 | +105.1% |
| Distributable reserves | 133 | €50,060 | €102,659 | +€52,599 | +105.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,841 | €57,806 | +€13,966 | +31.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,456 | €20,217 | +€11,761 | +139.1% |
| Trade debts | 44 | €2,362 | €805 | -€1,557 | -65.9% |
| Suppliers | 440/4 | €2,362 | €805 | -€1,557 | -65.9% |
| Taxes, remuneration and social security | 45 | €2,188 | €16,419 | +€14,231 | +650.3% |
| Taxes | 450/3 | €2,188 | €16,419 | +€14,231 | +650.3% |
| Other amounts payable | 47/48 | €3,906 | €2,993 | -€913 | -23.4% |
| Accrued charges and deferred income | 492/3 | €385 | €2,589 | +€2,204 | +572.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €920 | +€614 | +200.8% |
| Other operating charges | 640/8 | €387 | €1,005 | +€618 | +159.5% |
| Gross operating margin | 9900 | €46,735 | €72,547 | +€25,812 | +55.2% |
| Operating profit (loss) | 9901 | €46,042 | €70,622 | +€24,581 | +53.4% |
| Financial income | 75/76B | €457 | €1,578 | +€1,121 | +244.9% |
| Recurring financial income | 75 | €457 | €1,578 | +€1,121 | +244.9% |
| Financial charges | 65/66B | €1,294 | €3,491 | +€2,197 | +169.7% |
| Recurring financial charges | 65 | €1,294 | €3,491 | +€2,197 | +169.7% |
| Profit (loss) for the period before taxes | 9903 | €45,205 | €68,709 | +€23,505 | +52.0% |
| Income taxes | 67/77 | €9,455 | €14,444 | +€4,989 | +52.8% |
| Profit (loss) for the period | 9904 | €35,750 | €54,265 | +€18,515 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,750 | €54,265 | +€18,515 | +51.8% |
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 1 October 2026 via checked.be.