TJTL: 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.
TJTL
Largest movements
- Financial fixed assets +€51,500
new in 2025: €51,500
- Stocks and contracts +€20,459
up €20,459 (+29.3%), from €69,826 to €90,284
- Tangible fixed assets -€13,720
down €13,720 (-18.0%), from €76,070 to €62,349
- Receivables within one year -€10,360
down €10,360 (-90.2%), from €11,482 to €1,122
of which Other amounts receivable: -€10,174
- Cash -€4,808
down €4,808 (-10.4%), from €46,109 to €41,301
mainly Investment in fixed assets (net) (-€51,500) and Other debts (-€50,307)
- Debts after one year +€57,941
up €57,941 (+411.1%), from €14,094 to €72,035
- Trade debts +€54,787
up €54,787 (+46.7%), from €117,262 to €172,049
- Other debts -€50,307
down €50,307 (-34.5%), from €145,803 to €95,496
- Profit (loss) carried forward -€35,758
down €35,758 (-25.3%), from -€141,288 to -€177,046
- Current portion of long-term debt +€6,843
new in 2025: €6,843
- Gross operating margin -€40,768
down €40,768 (-27.9%), from €146,051 to €105,283
- Depreciation -€36,931
down €36,931 (-72.9%), from €50,651 to €13,720
- Staff costs +€26,746
up €26,746 (+32.1%), from €83,410 to €110,156
- Financial charges -€1,817
down €1,817 (-15.7%), from €11,594 to €9,777
of which Financial charges: -€1,605
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 | €203,872 | €246,866 | +€42,993 | +21.1% |
| Fixed assets | 21/28 | €76,070 | €113,849 | +€37,780 | +49.7% |
| Tangible fixed assets | 22/27 | €76,070 | €62,349 | -€13,720 | -18.0% |
| Plant, machinery and equipment | 23 | €14,886 | €10,366 | -€4,520 | -30.4% |
| Furniture and vehicles | 24 | €14,809 | €10,860 | -€3,949 | -26.7% |
| Other tangible fixed assets | 26 | €46,375 | €41,122 | -€5,252 | -11.3% |
| Financial fixed assets | 28 | - | €51,500 | +€51,500 | |
| Current assets | 29/58 | €127,803 | €133,016 | +€5,214 | +4.1% |
| Stocks and contracts in progress | 3 | €69,826 | €90,284 | +€20,459 | +29.3% |
| Stocks | 30/36 | €69,826 | €90,284 | +€20,459 | +29.3% |
| Amounts receivable within one year | 40/41 | €11,482 | €1,122 | -€10,360 | -90.2% |
| Trade receivables | 40 | €1,309 | €1,122 | -€186 | -14.2% |
| Other amounts receivable | 41 | €10,174 | - | -€10,174 | |
| Cash at bank and in hand | 54/58 | €46,109 | €41,301 | -€4,808 | -10.4% |
| Deferred charges and accrued income | 490/1 | €385 | €308 | -€77 | -19.9% |
| Total equity and liabilities | 10/49 | €203,872 | €246,866 | +€42,993 | +21.1% |
| Equity | 10/15 | -€93,288 | -€129,046 | -€35,758 | -38.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,288 | -€177,046 | -€35,758 | -25.3% |
| Amounts payable | 17/49 | €297,160 | €375,911 | +€78,751 | +26.5% |
| Amounts payable after more than one year | 17 | €14,094 | €72,035 | +€57,941 | +411.1% |
| Financial debts | 170/4 | €14,094 | €72,035 | +€57,941 | +411.1% |
| Amounts payable within one year | 42/48 | €283,066 | €303,876 | +€20,810 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,843 | +€6,843 | |
| Financial debts | 43 | €6,349 | €10,805 | +€4,456 | +70.2% |
| Credit institutions | 430/8 | €6,349 | €10,805 | +€4,456 | +70.2% |
| Trade debts | 44 | €117,262 | €172,049 | +€54,787 | +46.7% |
| Suppliers | 440/4 | €117,262 | €172,049 | +€54,787 | +46.7% |
| Taxes, remuneration and social security | 45 | €13,652 | €18,683 | +€5,031 | +36.9% |
| Taxes | 450/3 | €5,247 | €4,596 | -€650 | -12.4% |
| Remuneration and social security | 454/9 | €8,405 | €14,087 | +€5,681 | +67.6% |
| Other amounts payable | 47/48 | €145,803 | €95,496 | -€50,307 | -34.5% |
| Remuneration, social security and pensions | 62 | €83,410 | €110,156 | +€26,746 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,651 | €13,720 | -€36,931 | -72.9% |
| Other operating charges | 640/8 | €7,890 | €7,257 | -€633 | -8.0% |
| Gross operating margin | 9900 | €146,051 | €105,283 | -€40,768 | -27.9% |
| Operating profit (loss) | 9901 | €4,100 | -€25,850 | -€29,950 | |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €11,594 | €9,777 | -€1,817 | -15.7% |
| Recurring financial charges | 65 | €11,382 | €9,777 | -€1,605 | -14.1% |
| Non-recurring financial charges | 66B | €212 | - | -€212 | |
| Profit (loss) for the period before taxes | 9903 | -€7,494 | -€35,547 | -€28,053 | -374.3% |
| Income taxes | 67/77 | €186 | €211 | +€25 | +13.5% |
| Profit (loss) for the period | 9904 | -€7,680 | -€35,758 | -€28,078 | -365.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,680 | -€35,758 | -€28,078 | -365.6% |
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 3 October 2026 via checked.be.