JNR 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.
JNR TRANS
Largest movements
- Tangible fixed assets -€160,847
down €160,847 (-27.2%), from €590,828 to €429,981
of which Furniture and vehicles: -€150,561
- Stocks and contracts +€71,831
up €71,831 (+951%), from €7,555 to €79,386
of which Contracts in progress: +€71,831
- Cash -€20,718
down €20,718 (-77.1%), from €26,878 to €6,160
mainly Current portion of long-term debt (-€108,606) and Debts after one year (-€102,126)
- Receivables within one year -€9,385
down €9,385 (-3.3%), from €283,635 to €274,250
of which Trade receivables: -€9,385
- Other debts +€134,399
up €134,399 (+235%), from €57,261 to €191,660
- Current portion of long-term debt -€108,606
down €108,606 (-74.6%), from €145,523 to €36,917
- Debts after one year -€102,126
down €102,126 (-38.3%), from €266,435 to €164,310
- Trade debts -€57,346
down €57,346 (-21.2%), from €270,418 to €213,072
- Reserves +€22,132
up €22,132 (+20.3%), from €109,111 to €131,243
- Gross operating margin -€205,258
down €205,258 (-42.3%), from €484,939 to €279,682
- Depreciation -€97,933
down €97,933 (-56.5%), from €173,477 to €75,545
- Other operating charges -€51,360
down €51,360 (-88.7%), from €57,908 to €6,548
- Staff costs -€50,558
down €50,558 (-23.5%), from €215,074 to €164,516
- Financial income +€5,262
up €5,262 (+662%), from €795 to €6,057
of which Non-recurring financial income: +€4,982
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 | €928,360 | €809,242 | -€119,118 | -12.8% |
| Fixed assets | 21/28 | €597,793 | €436,946 | -€160,847 | -26.9% |
| Tangible fixed assets | 22/27 | €590,828 | €429,981 | -€160,847 | -27.2% |
| Plant, machinery and equipment | 23 | €68,871 | €71,950 | +€3,079 | +4.5% |
| Furniture and vehicles | 24 | €253,851 | €103,290 | -€150,561 | -59.3% |
| Leasing and similar rights | 25 | €254,863 | €243,463 | -€11,400 | -4.5% |
| Other tangible fixed assets | 26 | €13,243 | €11,279 | -€1,964 | -14.8% |
| Financial fixed assets | 28 | €6,965 | €6,965 | = | 0.0% |
| Current assets | 29/58 | €330,568 | €372,296 | +€41,728 | +12.6% |
| Stocks and contracts in progress | 3 | €7,555 | €79,386 | +€71,831 | +951% |
| Stocks | 30/36 | €7,555 | €7,555 | = | 0.0% |
| Contracts in progress | 37 | - | €71,831 | +€71,831 | |
| Amounts receivable within one year | 40/41 | €283,635 | €274,250 | -€9,385 | -3.3% |
| Trade receivables | 40 | €270,416 | €261,031 | -€9,385 | -3.5% |
| Other amounts receivable | 41 | €13,219 | €13,219 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,878 | €6,160 | -€20,718 | -77.1% |
| Deferred charges and accrued income | 490/1 | €12,500 | €12,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €928,360 | €809,242 | -€119,118 | -12.8% |
| Equity | 10/15 | €119,111 | €141,243 | +€22,132 | +18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €109,111 | €131,243 | +€22,132 | +20.3% |
| Distributable reserves | 133 | €109,111 | €131,243 | +€22,132 | +20.3% |
| Amounts payable | 17/49 | €809,250 | €668,000 | -€141,250 | -17.5% |
| Amounts payable after more than one year | 17 | €266,435 | €164,310 | -€102,126 | -38.3% |
| Financial debts | 170/4 | €266,435 | €164,310 | -€102,126 | -38.3% |
| Amounts payable within one year | 42/48 | €542,814 | €502,383 | -€40,432 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €145,523 | €36,917 | -€108,606 | -74.6% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €270,418 | €213,072 | -€57,346 | -21.2% |
| Suppliers | 440/4 | €270,418 | €213,072 | -€57,346 | -21.2% |
| Taxes, remuneration and social security | 45 | €44,613 | €35,734 | -€8,878 | -19.9% |
| Taxes | 450/3 | €7,663 | €10,980 | +€3,317 | +43.3% |
| Remuneration and social security | 454/9 | €36,950 | €24,754 | -€12,196 | -33.0% |
| Other amounts payable | 47/48 | €57,261 | €191,660 | +€134,399 | +235% |
| Accrued charges and deferred income | 492/3 | - | €1,307 | +€1,307 | |
| Non-recurring operating income | 76A | €223,596 | - | -€223,596 | |
| Remuneration, social security and pensions | 62 | €215,074 | €164,516 | -€50,558 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,477 | €75,545 | -€97,933 | -56.5% |
| Other operating charges | 640/8 | €57,908 | €6,548 | -€51,360 | -88.7% |
| Gross operating margin | 9900 | €484,939 | €279,682 | -€205,258 | -42.3% |
| Operating profit (loss) | 9901 | €38,480 | €33,073 | -€5,408 | -14.1% |
| Financial income | 75/76B | €795 | €6,057 | +€5,262 | +662% |
| Recurring financial income | 75 | €795 | €1,075 | +€280 | +35.1% |
| Non-recurring financial income | 76B | - | €4,982 | +€4,982 | |
| Financial charges | 65/66B | €17,046 | €11,815 | -€5,230 | -30.7% |
| Recurring financial charges | 65 | €17,046 | €11,815 | -€5,230 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €22,230 | €27,315 | +€5,085 | +22.9% |
| Income taxes | 67/77 | - | €5,183 | +€5,183 | |
| Profit (loss) for the period | 9904 | €22,230 | €22,132 | -€98 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,230 | €22,132 | -€98 | -0.4% |
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 17 October 2026 via checked.be.