TJS: 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.
TJS
Largest movements
- Deferred charges and accrued income -€18,148
no longer reported in 2024 (was €18,148)
- Receivables within one year -€14,699
down €14,699 (-96.0%), from €15,309 to €610
of which Trade receivables: -€13,124
- Current investments +€10,490
new in 2024: €10,490
- Cash -€4,487
down €4,487 (-75.1%), from €5,971 to €1,484
- Tangible fixed assets +€1,192
up €1,192 (+17.7%), from €6,723 to €7,914
of which Plant, machinery and equipment: +€4,287
- Profit (loss) carried forward -€81,514
down €81,514 (-750.9%), from -€10,856 to -€92,370
- Trade debts +€59,221
up €59,221 (+2306.1%), from €2,568 to €61,789
- Debts after one year -€29,225
down €29,225 (-79.1%), from €36,950 to €7,726
- Advances received +€14,241
new in 2024: €14,241
- Other debts +€10,947
new in 2024: €10,947
- Gross operating margin -€37,205
down €37,205, from €29,391 to -€7,814
- Other operating charges -€34,343
down €34,343 (-97.1%), from €35,378 to €1,035
- Depreciation +€2,107
up €2,107 (+81.9%), from €2,574 to €4,681
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,151 | €20,499 | -€25,652 | -55.6% |
| Fixed assets | 21/28 | €6,723 | €7,914 | +€1,192 | +17.7% |
| Tangible fixed assets | 22/27 | €6,723 | €7,914 | +€1,192 | +17.7% |
| Plant, machinery and equipment | 23 | €1,681 | €5,968 | +€4,287 | +255.0% |
| Furniture and vehicles | 24 | €5,042 | €1,946 | -€3,095 | -61.4% |
| Current assets | 29/58 | €39,428 | €12,584 | -€26,844 | -68.1% |
| Amounts receivable within one year | 40/41 | €15,309 | €610 | -€14,699 | -96.0% |
| Trade receivables | 40 | €13,124 | €0 | -€13,124 | -100.0% |
| Other amounts receivable | 41 | €2,185 | €610 | -€1,575 | -72.1% |
| Current investments | 50/53 | - | €10,490 | +€10,490 | |
| Cash at bank and in hand | 54/58 | €5,971 | €1,484 | -€4,487 | -75.1% |
| Deferred charges and accrued income | 490/1 | €18,148 | - | -€18,148 | |
| Total equity and liabilities | 10/49 | €46,151 | €20,499 | -€25,652 | -55.6% |
| Equity | 10/15 | -€2,856 | -€84,370 | -€81,514 | -2854.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,856 | -€92,370 | -€81,514 | -750.9% |
| Amounts payable | 17/49 | €49,007 | €104,869 | +€55,862 | +114.0% |
| Amounts payable after more than one year | 17 | €36,950 | €7,726 | -€29,225 | -79.1% |
| Financial debts | 170/4 | €36,950 | €7,726 | -€29,225 | -79.1% |
| Amounts payable within one year | 42/48 | €12,057 | €97,143 | +€85,086 | +705.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,166 | +€10,166 | |
| Trade debts | 44 | €2,568 | €61,789 | +€59,221 | +2306.1% |
| Suppliers | 440/4 | €2,568 | €61,789 | +€59,221 | +2306.1% |
| Advances received on contracts in progress | 46 | - | €14,241 | +€14,241 | |
| Taxes, remuneration and social security | 45 | €9,489 | - | -€9,489 | |
| Taxes | 450/3 | €9,489 | - | -€9,489 | |
| Other amounts payable | 47/48 | - | €10,947 | +€10,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,574 | €4,681 | +€2,107 | +81.9% |
| Other operating charges | 640/8 | €35,378 | €1,035 | -€34,343 | -97.1% |
| Gross operating margin | 9900 | €29,391 | -€7,814 | -€37,205 | |
| Operating profit (loss) | 9901 | -€8,561 | -€13,530 | -€4,969 | -58.0% |
| Financial charges | 65/66B | €2,295 | €2,042 | -€252 | -11.0% |
| Recurring financial charges | 65 | €2,295 | €2,042 | -€252 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,856 | -€15,572 | -€4,716 | -43.4% |
| Profit (loss) for the period | 9904 | -€10,856 | -€15,572 | -€4,716 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,856 | -€15,572 | -€4,716 | -43.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.