TJrest: 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.
TJrest
Largest movements
- Tangible fixed assets -€143,353
down €143,353 (-11.1%), from €1.3m to €1.1m
- Cash -€53,795
down €53,795 (-44.7%), from €120,349 to €66,554
mainly Debts after one year (-€163,223) and Net result for the year (-€108,130)
- Receivables within one year +€20,134
up €20,134 (+29.4%), from €68,423 to €88,557
of which Other amounts receivable: +€69,065
- Debts after one year -€163,223
down €163,223 (-18.5%), from €884,300 to €721,077
- Trade debts +€152,389
up €152,389 (+111.8%), from €136,336 to €288,725
- Profit (loss) carried forward -€108,130
down €108,130 (-41.4%), from -€261,026 to -€369,156
- Other debts -€60,645
down €60,645 (-40.8%), from €148,813 to €88,168
- Gross operating margin +€73,803
up €73,803 (+15.4%), from €479,742 to €553,545
- Staff costs -€57,668
down €57,668 (-11.2%), from €514,298 to €456,630
- Financial charges -€9,105
down €9,105 (-14.6%), from €62,456 to €53,351
- Other operating charges -€7,731
down €7,731 (-50.9%), from €15,200 to €7,469
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 | €1,519,701 | €1,344,806 | -€174,895 | -11.5% |
| Fixed assets | 21/28 | €1,293,439 | €1,150,086 | -€143,353 | -11.1% |
| Tangible fixed assets | 22/27 | €1,291,844 | €1,148,491 | -€143,353 | -11.1% |
| Plant, machinery and equipment | 23 | €1,291,844 | €1,148,491 | -€143,353 | -11.1% |
| Financial fixed assets | 28 | €1,595 | €1,595 | = | 0.0% |
| Current assets | 29/58 | €226,262 | €194,720 | -€31,541 | -13.9% |
| Stocks and contracts in progress | 3 | €18,559 | €17,333 | -€1,226 | -6.6% |
| Stocks | 30/36 | €18,559 | €17,333 | -€1,226 | -6.6% |
| Amounts receivable within one year | 40/41 | €68,423 | €88,557 | +€20,134 | +29.4% |
| Trade receivables | 40 | €62,225 | €13,295 | -€48,931 | -78.6% |
| Other amounts receivable | 41 | €6,198 | €75,262 | +€69,065 | +1114.3% |
| Cash at bank and in hand | 54/58 | €120,349 | €66,554 | -€53,795 | -44.7% |
| Deferred charges and accrued income | 490/1 | €18,930 | €22,276 | +€3,345 | +17.7% |
| Total equity and liabilities | 10/49 | €1,519,701 | €1,344,806 | -€174,895 | -11.5% |
| Equity | 10/15 | €138,974 | €30,844 | -€108,130 | -77.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Outside capital | 11 | €400,000 | €400,000 | = | 0.0% |
| Other | 1109/19 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,026 | -€369,156 | -€108,130 | -41.4% |
| Amounts payable | 17/49 | €1,380,727 | €1,313,962 | -€66,765 | -4.8% |
| Amounts payable after more than one year | 17 | €884,300 | €721,077 | -€163,223 | -18.5% |
| Financial debts | 170/4 | €884,300 | €721,077 | -€163,223 | -18.5% |
| Amounts payable within one year | 42/48 | €492,224 | €589,311 | +€97,087 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €155,511 | €163,223 | +€7,712 | +5.0% |
| Financial debts | 43 | - | €6,168 | +€6,168 | |
| Credit institutions | 430/8 | - | €2,121 | +€2,121 | |
| Other loans | 439 | - | €4,047 | +€4,047 | |
| Trade debts | 44 | €136,336 | €288,725 | +€152,389 | +111.8% |
| Suppliers | 440/4 | €136,336 | €288,725 | +€152,389 | +111.8% |
| Taxes, remuneration and social security | 45 | €51,564 | €43,026 | -€8,538 | -16.6% |
| Taxes | 450/3 | €3,044 | €1,758 | -€1,286 | -42.3% |
| Remuneration and social security | 454/9 | €48,520 | €41,268 | -€7,252 | -14.9% |
| Other amounts payable | 47/48 | €148,813 | €88,168 | -€60,645 | -40.8% |
| Accrued charges and deferred income | 492/3 | €4,203 | €3,574 | -€629 | -15.0% |
| Remuneration, social security and pensions | 62 | €514,298 | €456,630 | -€57,668 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,842 | €144,113 | -€4,729 | -3.2% |
| Other operating charges | 640/8 | €15,200 | €7,469 | -€7,731 | -50.9% |
| Gross operating margin | 9900 | €479,742 | €553,545 | +€73,803 | +15.4% |
| Operating profit (loss) | 9901 | -€198,598 | -€54,667 | +€143,931 | +72.5% |
| Financial income | 75/76B | €68 | €185 | +€117 | +170.4% |
| Recurring financial income | 75 | €68 | €185 | +€117 | +170.4% |
| Financial charges | 65/66B | €62,456 | €53,351 | -€9,105 | -14.6% |
| Recurring financial charges | 65 | €62,456 | €53,351 | -€9,105 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€260,985 | -€107,833 | +€153,152 | +58.7% |
| Income taxes | 67/77 | €41 | €297 | +€256 | +631.3% |
| Profit (loss) for the period | 9904 | -€261,026 | -€108,130 | +€152,896 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€261,026 | -€108,130 | +€152,896 | +58.6% |
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 29 September 2026 via checked.be.