TSJAKOE: 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.
TSJAKOE
Largest movements
- Tangible fixed assets -€17,982
down €17,982 (-9.6%), from €187,954 to €169,972
of which Land and buildings: -€19,046
- Receivables within one year +€4,839
up €4,839 (+55.8%), from €8,664 to €13,503
- Debts after one year -€20,655
down €20,655 (-14.5%), from €142,273 to €121,618
- Current portion of long-term debt -€10,598
down €10,598 (-41.2%), from €25,753 to €15,155
- Reserves +€10,554
up €10,554 (+735%), from €1,436 to €11,989
- Trade debts +€5,881
up €5,881 (+90.8%), from €6,480 to €12,361
- Depreciation -€4,272
down €4,272 (-15.2%), from €28,152 to €23,880
- Gross operating margin +€3,946
up €3,946 (+10.4%), from €38,113 to €42,060
- Other operating charges -€1,130
down €1,130 (-29.5%), from €3,835 to €2,704
- Taxes +€912
up €912 (+635%), from €144 to €1,055
- Financial charges -€681
down €681 (-15.0%), from €4,547 to €3,866
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 | €201,912 | €188,075 | -€13,837 | -6.9% |
| Fixed assets | 21/28 | €188,454 | €170,472 | -€17,982 | -9.5% |
| Tangible fixed assets | 22/27 | €187,954 | €169,972 | -€17,982 | -9.6% |
| Land and buildings | 22 | €171,762 | €152,715 | -€19,046 | -11.1% |
| Plant, machinery and equipment | 23 | - | €4,150 | +€4,150 | |
| Furniture and vehicles | 24 | €16,192 | €13,107 | -€3,085 | -19.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €13,459 | €17,603 | +€4,145 | +30.8% |
| Amounts receivable within one year | 40/41 | €8,664 | €13,503 | +€4,839 | +55.8% |
| Trade receivables | 40 | €8,664 | €13,503 | +€4,839 | +55.8% |
| Cash at bank and in hand | 54/58 | €3,883 | €3,211 | -€672 | -17.3% |
| Deferred charges and accrued income | 490/1 | €911 | €889 | -€22 | -2.5% |
| Total equity and liabilities | 10/49 | €201,912 | €188,075 | -€13,837 | -6.9% |
| Equity | 10/15 | €17,824 | €28,378 | +€10,554 | +59.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,436 | €11,989 | +€10,554 | +735% |
| Distributable reserves | 133 | €1,436 | €11,989 | +€10,554 | +735% |
| Profit (loss) carried forward | 14 | €3,989 | €3,989 | = | 0.0% |
| Amounts payable | 17/49 | €184,088 | €159,697 | -€24,391 | -13.2% |
| Amounts payable after more than one year | 17 | €142,273 | €121,618 | -€20,655 | -14.5% |
| Financial debts | 170/4 | €142,273 | €121,618 | -€20,655 | -14.5% |
| Amounts payable within one year | 42/48 | €37,183 | €33,024 | -€4,159 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €25,753 | €15,155 | -€10,598 | -41.2% |
| Trade debts | 44 | €6,480 | €12,361 | +€5,881 | +90.8% |
| Suppliers | 440/4 | €6,480 | €12,361 | +€5,881 | +90.8% |
| Taxes, remuneration and social security | 45 | €344 | €1,336 | +€993 | +289% |
| Taxes | 450/3 | €344 | €1,336 | +€993 | +289% |
| Other amounts payable | 47/48 | €4,607 | €4,173 | -€435 | -9.4% |
| Accrued charges and deferred income | 492/3 | €4,632 | €5,055 | +€423 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,152 | €23,880 | -€4,272 | -15.2% |
| Other operating charges | 640/8 | €3,835 | €2,704 | -€1,130 | -29.5% |
| Gross operating margin | 9900 | €38,113 | €42,060 | +€3,946 | +10.4% |
| Operating profit (loss) | 9901 | €6,126 | €15,475 | +€9,349 | +153% |
| Financial charges | 65/66B | €4,547 | €3,866 | -€681 | -15.0% |
| Recurring financial charges | 65 | €4,547 | €3,866 | -€681 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €1,579 | €11,609 | +€10,030 | +635% |
| Income taxes | 67/77 | €144 | €1,055 | +€912 | +635% |
| Profit (loss) for the period | 9904 | €1,436 | €10,554 | +€9,118 | +635% |
| Profit (loss) for the period to be appropriated | 9905 | €1,436 | €10,554 | +€9,118 | +635% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.