J & P TRACTION: 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 & P TRACTION
Largest movements
- Cash +€124,189
up €124,189 (+290%), from €42,897 to €167,086
mainly Net result for the year (+€63,910) and Tax, wage and social debts (+€48,972)
- Tangible fixed assets -€32,784
down €32,784 (-10.3%), from €318,859 to €286,075
of which Furniture and vehicles: -€23,328
- Receivables within one year +€13,511
up €13,511 (+82.1%), from €16,450 to €29,961
of which Trade receivables: +€14,644
- Reserves +€63,863
up €63,863 (+34.5%), from €185,216 to €249,078
of which Distributable reserves: +€70,500
- Tax, wage and social debts +€48,972
up €48,972 (+569%), from €8,612 to €57,584
- Debts after one year -€10,000
down €10,000 (-6.5%), from €155,000 to €145,000
- Gross operating margin +€58,435
up €58,435 (+91.3%), from €63,982 to €122,417
- Taxes +€26,173
up €26,173 (+265%), from €9,874 to €36,047
- Depreciation -€16,319
down €16,319 (-47.3%), from €34,531 to €18,213
- Other operating charges -€2,550
down €2,550 (-30.2%), from €8,458 to €5,908
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 | €394,236 | €499,242 | +€105,007 | +26.6% |
| Fixed assets | 21/28 | €332,859 | €300,075 | -€32,784 | -9.8% |
| Tangible fixed assets | 22/27 | €318,859 | €286,075 | -€32,784 | -10.3% |
| Land and buildings | 22 | €288,601 | €280,751 | -€7,850 | -2.7% |
| Plant, machinery and equipment | 23 | €3,139 | €1,534 | -€1,605 | -51.1% |
| Furniture and vehicles | 24 | €27,118 | €3,790 | -€23,328 | -86.0% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €61,377 | €199,168 | +€137,790 | +224% |
| Amounts receivable within one year | 40/41 | €16,450 | €29,961 | +€13,511 | +82.1% |
| Trade receivables | 40 | €15,168 | €29,811 | +€14,644 | +96.5% |
| Other amounts receivable | 41 | €1,283 | €150 | -€1,133 | -88.3% |
| Cash at bank and in hand | 54/58 | €42,897 | €167,086 | +€124,189 | +290% |
| Deferred charges and accrued income | 490/1 | €2,030 | €2,120 | +€90 | +4.4% |
| Total equity and liabilities | 10/49 | €394,236 | €499,242 | +€105,007 | +26.6% |
| Equity | 10/15 | €212,851 | €276,761 | +€63,910 | +30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,216 | €249,078 | +€63,863 | +34.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,856 | €1,218 | -€6,638 | -84.5% |
| Distributable reserves | 133 | €175,500 | €246,000 | +€70,500 | +40.2% |
| Profit (loss) carried forward | 14 | €9,035 | €9,082 | +€48 | +0.5% |
| Provisions and deferred taxes | 16 | €2,619 | €406 | -€2,213 | -84.5% |
| Deferred taxes | 168 | €2,619 | €406 | -€2,213 | -84.5% |
| Amounts payable | 17/49 | €178,766 | €222,075 | +€43,309 | +24.2% |
| Amounts payable after more than one year | 17 | €155,000 | €145,000 | -€10,000 | -6.5% |
| Other amounts payable | 178/9 | €155,000 | €145,000 | -€10,000 | -6.5% |
| Amounts payable within one year | 42/48 | €23,766 | €77,075 | +€53,309 | +224% |
| Financial debts | 43 | €14,000 | €14,000 | = | 0.0% |
| Credit institutions | 430/8 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €794 | €3,438 | +€2,644 | +333% |
| Suppliers | 440/4 | €794 | €3,438 | +€2,644 | +333% |
| Taxes, remuneration and social security | 45 | €8,612 | €57,584 | +€48,972 | +569% |
| Taxes | 450/3 | €8,612 | €57,584 | +€48,972 | +569% |
| Other amounts payable | 47/48 | €361 | €2,053 | +€1,692 | +469% |
| Non-recurring operating income | 76A | - | €65,027 | +€65,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,531 | €18,213 | -€16,319 | -47.3% |
| Other operating charges | 640/8 | €8,458 | €5,908 | -€2,550 | -30.2% |
| Gross operating margin | 9900 | €63,982 | €122,417 | +€58,435 | +91.3% |
| Operating profit (loss) | 9901 | €20,993 | €98,297 | +€77,304 | +368% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €673 | €554 | -€119 | -17.7% |
| Recurring financial charges | 65 | €673 | €554 | -€119 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €20,320 | €97,745 | +€77,425 | +381% |
| Transfer from deferred taxes | 780 | €2,213 | €2,213 | = | 0.0% |
| Income taxes | 67/77 | €9,874 | €36,047 | +€26,173 | +265% |
| Profit (loss) for the period | 9904 | €12,658 | €63,910 | +€51,252 | +405% |
| Transfer from tax-exempt reserves | 789 | €6,638 | €6,638 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,296 | €70,548 | +€51,252 | +266% |
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 1 November 2026 via checked.be.