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
- Tangible fixed assets -€3,300
down €3,300 (-41.7%), from €7,914 to €4,615
of which Plant, machinery and equipment: -€1,879
- Cash -€1,415
down €1,415 (-95.4%), from €1,484 to €69
mainly Trade debts (-€14,372) and Debts after one year (-€7,726)
- Other debts +€30,267
up €30,267 (+277%), from €10,947 to €41,214
- Trade debts -€14,372
down €14,372 (-23.3%), from €61,789 to €47,417
- Debts after one year -€7,726
no longer reported in 2025 (was €7,726)
- Profit (loss) carried forward -€6,017
down €6,017 (-6.5%), from -€92,370 to -€98,387
- Advances received -€4,082
down €4,082 (-28.7%), from €14,241 to €10,159
- Gross operating margin +€5,750
up €5,750 (+73.6%), from -€7,814 to -€2,064
- Financial charges -€1,634
down €1,634 (-80.0%), from €2,042 to €408
- Depreciation -€1,381
down €1,381 (-29.5%), from €4,681 to €3,300
- Other operating charges -€1,035
no longer reported in 2025 (was €1,035)
- Taxes +€262
new in 2025: €262
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 | €20,499 | €15,783 | -€4,715 | -23.0% |
| Fixed assets | 21/28 | €7,914 | €4,615 | -€3,300 | -41.7% |
| Tangible fixed assets | 22/27 | €7,914 | €4,615 | -€3,300 | -41.7% |
| Plant, machinery and equipment | 23 | €5,968 | €4,089 | -€1,879 | -31.5% |
| Furniture and vehicles | 24 | €1,946 | €525 | -€1,421 | -73.0% |
| Current assets | 29/58 | €12,584 | €11,169 | -€1,415 | -11.2% |
| Amounts receivable within one year | 40/41 | €610 | €610 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €610 | €610 | = | 0.0% |
| Current investments | 50/53 | €10,490 | €10,490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,484 | €69 | -€1,415 | -95.4% |
| Total equity and liabilities | 10/49 | €20,499 | €15,783 | -€4,715 | -23.0% |
| Equity | 10/15 | -€84,370 | -€90,387 | -€6,017 | -7.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,370 | -€98,387 | -€6,017 | -6.5% |
| Amounts payable | 17/49 | €104,869 | €106,171 | +€1,302 | +1.2% |
| Amounts payable after more than one year | 17 | €7,726 | - | -€7,726 | |
| Financial debts | 170/4 | €7,726 | - | -€7,726 | |
| Amounts payable within one year | 42/48 | €97,143 | €106,171 | +€9,027 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €10,166 | €7,268 | -€2,899 | -28.5% |
| Financial debts | 43 | - | €113 | +€113 | |
| Credit institutions | 430/8 | - | €113 | +€113 | |
| Trade debts | 44 | €61,789 | €47,417 | -€14,372 | -23.3% |
| Suppliers | 440/4 | €61,789 | €47,417 | -€14,372 | -23.3% |
| Advances received on contracts in progress | 46 | €14,241 | €10,159 | -€4,082 | -28.7% |
| Other amounts payable | 47/48 | €10,947 | €41,214 | +€30,267 | +277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,681 | €3,300 | -€1,381 | -29.5% |
| Other operating charges | 640/8 | €1,035 | - | -€1,035 | |
| Gross operating margin | 9900 | -€7,814 | -€2,064 | +€5,750 | +73.6% |
| Operating profit (loss) | 9901 | -€13,530 | -€5,363 | +€8,167 | +60.4% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €2,042 | €408 | -€1,634 | -80.0% |
| Recurring financial charges | 65 | €2,042 | €408 | -€1,634 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,572 | -€5,754 | +€9,818 | +63.0% |
| Income taxes | 67/77 | - | €262 | +€262 | |
| Profit (loss) for the period | 9904 | -€15,572 | -€6,017 | +€9,556 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,572 | -€6,017 | +€9,556 | +61.4% |
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 27 October 2026 via checked.be.