TJOP'S: 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.
TJOP'S
Largest movements
- Tangible fixed assets -€32,357
down €32,357 (-27.0%), from €119,685 to €87,328
of which Furniture and vehicles: -€25,754
- Financial fixed assets +€3,553
up €3,553 (+103%), from €3,455 to €7,008
- Cash -€3,117
down €3,117 (-66.9%), from €4,657 to €1,541
mainly Trade debts (-€31,658) and Current portion of long-term debt (-€26,723)
- Intangible fixed assets -€1,756
down €1,756 (-34.2%), from €5,139 to €3,383
- Debts after one year +€61,781
up €61,781 (+16.7%), from €369,594 to €431,375
- Trade debts -€31,658
down €31,658 (-26.3%), from €120,156 to €88,499
- Current portion of long-term debt -€26,723
down €26,723 (-63.9%), from €41,839 to €15,116
- Other debts -€19,486
down €19,486 (-100%), from €19,486 to €0
- Tax, wage and social debts -€10,527
down €10,527 (-75.2%), from €14,006 to €3,480
of which Remuneration and social security: -€9,434
- Gross operating margin +€101,352
up €101,352 (+165%), from €61,368 to €162,721
- Staff costs -€8,880
down €8,880 (-7.1%), from €125,361 to €116,480
- Other operating charges -€7,957
down €7,957 (-73.6%), from €10,814 to €2,858
- Financial charges -€5,446
down €5,446 (-43.1%), from €12,623 to €7,177
- Write-downs +€4,006
up €4,006, from -€4,006 to €0
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 | €172,559 | €139,805 | -€32,754 | -19.0% |
| Fixed assets | 21/28 | €128,279 | €97,720 | -€30,560 | -23.8% |
| Intangible fixed assets | 21 | €5,139 | €3,383 | -€1,756 | -34.2% |
| Tangible fixed assets | 22/27 | €119,685 | €87,328 | -€32,357 | -27.0% |
| Plant, machinery and equipment | 23 | €11,182 | €6,281 | -€4,901 | -43.8% |
| Furniture and vehicles | 24 | €101,647 | €75,894 | -€25,754 | -25.3% |
| Other tangible fixed assets | 26 | €6,856 | €5,153 | -€1,702 | -24.8% |
| Financial fixed assets | 28 | €3,455 | €7,008 | +€3,553 | +103% |
| Current assets | 29/58 | €44,279 | €42,085 | -€2,194 | -5.0% |
| Stocks and contracts in progress | 3 | €3,500 | €3,775 | +€275 | +7.9% |
| Stocks | 30/36 | €3,500 | €3,775 | +€275 | +7.9% |
| Amounts receivable within one year | 40/41 | €35,858 | €36,770 | +€912 | +2.5% |
| Trade receivables | 40 | €9,181 | €12,551 | +€3,370 | +36.7% |
| Other amounts receivable | 41 | €26,677 | €24,218 | -€2,459 | -9.2% |
| Cash at bank and in hand | 54/58 | €4,657 | €1,541 | -€3,117 | -66.9% |
| Deferred charges and accrued income | 490/1 | €264 | €0 | -€264 | -100% |
| Total equity and liabilities | 10/49 | €172,559 | €139,805 | -€32,754 | -19.0% |
| Equity | 10/15 | -€446,942 | -€446,685 | +€257 | +0.1% |
| Contributions | 10/11 | €52,400 | €52,400 | = | 0.0% |
| Reserves | 13 | €3,652 | €3,652 | = | 0.0% |
| Distributable reserves | 133 | €3,652 | €3,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,994 | -€502,737 | +€257 | +0.1% |
| Amounts payable | 17/49 | €619,501 | €586,490 | -€33,011 | -5.3% |
| Amounts payable after more than one year | 17 | €369,594 | €431,375 | +€61,781 | +16.7% |
| Financial debts | 170/4 | €369,594 | €431,375 | +€61,781 | +16.7% |
| Amounts payable within one year | 42/48 | €248,518 | €153,726 | -€94,792 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €41,839 | €15,116 | -€26,723 | -63.9% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €120,156 | €88,499 | -€31,658 | -26.3% |
| Suppliers | 440/4 | €120,156 | €88,499 | -€31,658 | -26.3% |
| Advances received on contracts in progress | 46 | €28,032 | €21,632 | -€6,400 | -22.8% |
| Taxes, remuneration and social security | 45 | €14,006 | €3,480 | -€10,527 | -75.2% |
| Taxes | 450/3 | €1,374 | €281 | -€1,093 | -79.5% |
| Remuneration and social security | 454/9 | €12,632 | €3,198 | -€9,434 | -74.7% |
| Other amounts payable | 47/48 | €19,486 | €0 | -€19,486 | -100% |
| Accrued charges and deferred income | 492/3 | €1,389 | €1,389 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €125,361 | €116,480 | -€8,880 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,935 | €37,113 | -€822 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,006 | €0 | +€4,006 | |
| Other operating charges | 640/8 | €10,814 | €2,858 | -€7,957 | -73.6% |
| Gross operating margin | 9900 | €61,368 | €162,721 | +€101,352 | +165% |
| Operating profit (loss) | 9901 | -€108,735 | €6,270 | +€115,005 | |
| Financial income | 75/76B | €2,798 | €1,164 | -€1,634 | -58.4% |
| Recurring financial income | 75 | €2,798 | €1,164 | -€1,634 | -58.4% |
| Financial charges | 65/66B | €12,623 | €7,177 | -€5,446 | -43.1% |
| Recurring financial charges | 65 | €12,623 | €7,177 | -€5,446 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€118,560 | €257 | +€118,817 | |
| Profit (loss) for the period | 9904 | -€118,560 | €257 | +€118,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,560 | €257 | +€118,817 |
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 24 October 2026 via checked.be.