TJS GESTION: 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 GESTION
Largest movements
- Receivables within one year +€24,630
up €24,630 (+153%), from €16,148 to €40,778
of which Other amounts receivable: +€21,583
- Tangible fixed assets -€10,910
down €10,910 (-23.3%), from €46,914 to €36,004
of which Furniture and vehicles: -€11,400
- Intangible fixed assets -€10,574
down €10,574 (-32.7%), from €32,295 to €21,721
- Cash -€5,912
down €5,912 (-9.1%), from €64,821 to €58,909
mainly Other debts (-€43,506) and Receivables within one year (-€24,630)
- Deferred charges and accrued income +€2,282
up €2,282 (+209%), from €1,090 to €3,372
- Other debts -€43,506
no longer reported in 2025 (was €43,506)
- Reserves +€35,400
up €35,400 (+94.3%), from €37,533 to €72,933
of which Distributable reserves: +€35,400
- Trade debts +€13,009
up €13,009 (+30.8%), from €42,302 to €55,311
- Tax, wage and social debts -€4,314
down €4,314 (-21.0%), from €20,532 to €16,218
of which Remuneration and social security: -€4,432
- Current portion of long-term debt -€3,942
no longer reported in 2025 (was €3,942)
- Gross operating margin -€4,913
down €4,913 (-3.7%), from €131,484 to €126,572
- Staff costs -€3,951
down €3,951 (-7.5%), from €52,992 to €49,040
- Depreciation +€2,874
up €2,874 (+11.4%), from €25,273 to €28,147
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 | €161,392 | €161,033 | -€359 | -0.2% |
| Fixed assets | 21/28 | €79,333 | €57,974 | -€21,359 | -26.9% |
| Intangible fixed assets | 21 | €32,295 | €21,721 | -€10,574 | -32.7% |
| Tangible fixed assets | 22/27 | €46,914 | €36,004 | -€10,910 | -23.3% |
| Plant, machinery and equipment | 23 | - | €827 | +€827 | |
| Furniture and vehicles | 24 | €43,178 | €31,777 | -€11,400 | -26.4% |
| Other tangible fixed assets | 26 | €3,736 | €3,399 | -€337 | -9.0% |
| Financial fixed assets | 28 | €125 | €249 | +€124 | +99.6% |
| Current assets | 29/58 | €82,059 | €103,059 | +€21,000 | +25.6% |
| Amounts receivable within one year | 40/41 | €16,148 | €40,778 | +€24,630 | +153% |
| Trade receivables | 40 | €10,094 | €13,141 | +€3,047 | +30.2% |
| Other amounts receivable | 41 | €6,054 | €27,637 | +€21,583 | +357% |
| Cash at bank and in hand | 54/58 | €64,821 | €58,909 | -€5,912 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,090 | €3,372 | +€2,282 | +209% |
| Total equity and liabilities | 10/49 | €161,392 | €161,033 | -€359 | -0.2% |
| Equity | 10/15 | €50,226 | €85,640 | +€35,414 | +70.5% |
| Contributions | 10/11 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €37,533 | €72,933 | +€35,400 | +94.3% |
| Tax-exempt reserves | 132 | €4,532 | €4,532 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €68,400 | +€35,400 | +107% |
| Profit (loss) carried forward | 14 | €394 | €408 | +€14 | +3.6% |
| Amounts payable | 17/49 | €111,166 | €75,393 | -€35,773 | -32.2% |
| Amounts payable within one year | 42/48 | €111,166 | €75,393 | -€35,773 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €3,942 | - | -€3,942 | |
| Financial debts | 43 | €884 | €3,864 | +€2,980 | +337% |
| Credit institutions | 430/8 | €884 | €3,864 | +€2,980 | +337% |
| Trade debts | 44 | €42,302 | €55,311 | +€13,009 | +30.8% |
| Suppliers | 440/4 | €42,302 | €55,311 | +€13,009 | +30.8% |
| Taxes, remuneration and social security | 45 | €20,532 | €16,218 | -€4,314 | -21.0% |
| Taxes | 450/3 | €14,075 | €14,193 | +€118 | +0.8% |
| Remuneration and social security | 454/9 | €6,457 | €2,025 | -€4,432 | -68.6% |
| Other amounts payable | 47/48 | €43,506 | - | -€43,506 | |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €52,992 | €49,040 | -€3,951 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,273 | €28,147 | +€2,874 | +11.4% |
| Other operating charges | 640/8 | €1,617 | €1,127 | -€490 | -30.3% |
| Non-recurring operating charges | 66A | €1,222 | - | -€1,222 | |
| Gross operating margin | 9900 | €131,484 | €126,572 | -€4,913 | -3.7% |
| Operating profit (loss) | 9901 | €50,381 | €48,257 | -€2,124 | -4.2% |
| Financial income | 75/76B | €240 | €762 | +€522 | +218% |
| Recurring financial income | 75 | €240 | €762 | +€522 | +218% |
| Financial charges | 65/66B | €838 | €795 | -€43 | -5.1% |
| Recurring financial charges | 65 | €838 | €795 | -€43 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €49,783 | €48,224 | -€1,559 | -3.1% |
| Income taxes | 67/77 | €14,056 | €12,810 | -€1,246 | -8.9% |
| Profit (loss) for the period | 9904 | €35,727 | €35,414 | -€313 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,727 | €35,414 | -€313 | -0.9% |
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 17 October 2026 via checked.be.