J&M Trans: 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.
J&M Trans
Largest movements
- Tangible fixed assets +€230,828
up €230,828 (+723%), from €31,920 to €262,748
- Receivables within one year -€15,944
down €15,944 (-11.6%), from €137,303 to €121,360
of which Other amounts receivable: -€64,645
- Cash -€8,550
down €8,550 (-64.3%), from €13,306 to €4,756
mainly Investment in fixed assets (net) (-€263,019)
- Debts after one year +€101,220
new in 2025: €101,220
- Current portion of long-term debt +€26,748
new in 2025: €26,748
- Other debts +€25,040
up €25,040 (+62.6%), from €40,000 to €65,040
- Trade debts +€22,639
up €22,639 (+29.0%), from €78,133 to €100,771
- Reserves +€21,709
up €21,709 (+64.5%), from €33,661 to €55,370
- Gross operating margin +€101,464
up €101,464 (+47.8%), from €212,215 to €313,679
- Staff costs +€85,921
up €85,921 (+57.5%), from €149,469 to €235,391
- Depreciation +€22,066
up €22,066 (+218%), from €10,125 to €32,191
- Other operating charges +€7,204
up €7,204 (+114%), from €6,315 to €13,518
- Taxes -€4,471
down €4,471 (-35.4%), from €12,629 to €8,158
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 | €182,529 | €388,863 | +€206,334 | +113% |
| Fixed assets | 21/28 | €31,920 | €262,748 | +€230,828 | +723% |
| Tangible fixed assets | 22/27 | €31,920 | €262,748 | +€230,828 | +723% |
| Furniture and vehicles | 24 | €31,920 | €262,748 | +€230,828 | +723% |
| Current assets | 29/58 | €150,609 | €126,116 | -€24,494 | -16.3% |
| Amounts receivable within one year | 40/41 | €137,303 | €121,360 | -€15,944 | -11.6% |
| Trade receivables | 40 | €27,105 | €75,806 | +€48,701 | +180% |
| Other amounts receivable | 41 | €110,198 | €45,553 | -€64,645 | -58.7% |
| Cash at bank and in hand | 54/58 | €13,306 | €4,756 | -€8,550 | -64.3% |
| Total equity and liabilities | 10/49 | €182,529 | €388,863 | +€206,334 | +113% |
| Equity | 10/15 | €37,661 | €59,370 | +€21,709 | +57.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €33,661 | €55,370 | +€21,709 | +64.5% |
| Distributable reserves | 133 | €33,661 | €55,370 | +€21,709 | +64.5% |
| Amounts payable | 17/49 | €144,869 | €329,493 | +€184,625 | +127% |
| Amounts payable after more than one year | 17 | - | €101,220 | +€101,220 | |
| Financial debts | 170/4 | - | €101,220 | +€101,220 | |
| Amounts payable within one year | 42/48 | €144,869 | €225,712 | +€80,843 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,748 | +€26,748 | |
| Trade debts | 44 | €78,133 | €100,771 | +€22,639 | +29.0% |
| Suppliers | 440/4 | €78,133 | €100,771 | +€22,639 | +29.0% |
| Taxes, remuneration and social security | 45 | €26,736 | €33,152 | +€6,416 | +24.0% |
| Taxes | 450/3 | €12,629 | €4,657 | -€7,972 | -63.1% |
| Remuneration and social security | 454/9 | €14,107 | €28,495 | +€14,388 | +102% |
| Other amounts payable | 47/48 | €40,000 | €65,040 | +€25,040 | +62.6% |
| Accrued charges and deferred income | 492/3 | - | €2,562 | +€2,562 | |
| Non-recurring operating income | 76A | - | €47,215 | +€47,215 | |
| Remuneration, social security and pensions | 62 | €149,469 | €235,391 | +€85,921 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,125 | €32,191 | +€22,066 | +218% |
| Other operating charges | 640/8 | €6,315 | €13,518 | +€7,204 | +114% |
| Gross operating margin | 9900 | €212,215 | €313,679 | +€101,464 | +47.8% |
| Operating profit (loss) | 9901 | €46,305 | €32,579 | -€13,727 | -29.6% |
| Financial income | 75/76B | - | €1,100 | +€1,100 | |
| Recurring financial income | 75 | - | €1,100 | +€1,100 | |
| Financial charges | 65/66B | €16 | €3,812 | +€3,796 | +23,648% |
| Recurring financial charges | 65 | €16 | €3,812 | +€3,796 | +23,648% |
| Profit (loss) for the period before taxes | 9903 | €46,289 | €29,867 | -€16,422 | -35.5% |
| Income taxes | 67/77 | €12,629 | €8,158 | -€4,471 | -35.4% |
| Profit (loss) for the period | 9904 | €33,661 | €21,709 | -€11,951 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,661 | €21,709 | -€11,951 | -35.5% |
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 28 October 2026 via checked.be.