TJS: 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.
TJS
Largest movements
- Receivables within one year +€18,013
up €18,013 (+837.7%), from €2,150 to €20,163
of which Trade receivables: +€17,466
- Tangible fixed assets -€8,232
down €8,232 (-46.1%), from €17,838 to €9,606
of which Furniture and vehicles: -€8,032
- Stocks and contracts -€4,471
down €4,471 (-52.2%), from €8,571 to €4,100
- Trade debts +€11,510
up €11,510 (+490.9%), from €2,344 to €13,854
- Reserves +€8,349
up €8,349 (+66.0%), from €12,644 to €20,992
- Current portion of long-term debt -€5,451
no longer reported in 2025 (was €5,451)
- Other debts -€5,254
down €5,254 (-22.8%), from €23,031 to €17,777
- Accrued charges and deferred income -€2,083
down €2,083 (-37.8%), from €5,518 to €3,435
- Gross operating margin -€7,869
down €7,869 (-25.0%), from €31,423 to €23,555
- Depreciation -€1,127
down €1,127 (-11.9%), from €9,465 to €8,339
- Other operating charges -€1,018
down €1,018 (-56.4%), from €1,805 to €787
- Taxes -€891
down €891 (-18.2%), from €4,894 to €4,003
- Financial charges -€572
down €572 (-21.6%), from €2,650 to €2,078
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 | €62,754 | €68,457 | +€5,703 | +9.1% |
| Fixed assets | 21/28 | €18,587 | €10,248 | -€8,339 | -44.9% |
| Intangible fixed assets | 21 | €749 | €642 | -€107 | -14.3% |
| Tangible fixed assets | 22/27 | €17,838 | €9,606 | -€8,232 | -46.1% |
| Plant, machinery and equipment | 23 | €399 | €199 | -€200 | -50.1% |
| Furniture and vehicles | 24 | €17,439 | €9,407 | -€8,032 | -46.1% |
| Current assets | 29/58 | €44,167 | €58,209 | +€14,042 | +31.8% |
| Stocks and contracts in progress | 3 | €8,571 | €4,100 | -€4,471 | -52.2% |
| Contracts in progress | 37 | €8,571 | €4,100 | -€4,471 | -52.2% |
| Amounts receivable within one year | 40/41 | €2,150 | €20,163 | +€18,013 | +837.7% |
| Trade receivables | 40 | €2,150 | €19,616 | +€17,466 | +812.3% |
| Other amounts receivable | 41 | - | €547 | +€547 | |
| Cash at bank and in hand | 54/58 | €33,108 | €33,488 | +€380 | +1.1% |
| Deferred charges and accrued income | 490/1 | €338 | €458 | +€120 | +35.5% |
| Total equity and liabilities | 10/49 | €62,754 | €68,457 | +€5,703 | +9.1% |
| Equity | 10/15 | €14,644 | €22,992 | +€8,349 | +57.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,644 | €20,992 | +€8,349 | +66.0% |
| Distributable reserves | 133 | €12,644 | €20,992 | +€8,349 | +66.0% |
| Amounts payable | 17/49 | €48,110 | €45,464 | -€2,646 | -5.5% |
| Amounts payable within one year | 42/48 | €42,592 | €42,029 | -€562 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,451 | - | -€5,451 | |
| Trade debts | 44 | €2,344 | €13,854 | +€11,510 | +490.9% |
| Suppliers | 440/4 | €2,344 | €13,854 | +€11,510 | +490.9% |
| Taxes, remuneration and social security | 45 | €11,766 | €10,398 | -€1,367 | -11.6% |
| Taxes | 450/3 | €10,001 | €8,633 | -€1,367 | -13.7% |
| Remuneration and social security | 454/9 | €1,765 | €1,765 | = | 0.0% |
| Other amounts payable | 47/48 | €23,031 | €17,777 | -€5,254 | -22.8% |
| Accrued charges and deferred income | 492/3 | €5,518 | €3,435 | -€2,083 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,465 | €8,339 | -€1,127 | -11.9% |
| Other operating charges | 640/8 | €1,805 | €787 | -€1,018 | -56.4% |
| Gross operating margin | 9900 | €31,423 | €23,555 | -€7,869 | -25.0% |
| Operating profit (loss) | 9901 | €20,153 | €14,429 | -€5,724 | -28.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +108.1% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +108.1% |
| Financial charges | 65/66B | €2,650 | €2,078 | -€572 | -21.6% |
| Recurring financial charges | 65 | €2,650 | €2,078 | -€572 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €17,503 | €12,352 | -€5,151 | -29.4% |
| Income taxes | 67/77 | €4,894 | €4,003 | -€891 | -18.2% |
| Profit (loss) for the period | 9904 | €12,609 | €8,349 | -€4,261 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,609 | €8,349 | -€4,261 | -33.8% |
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 7 October 2026 via checked.be.