JOEY 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.
JOEY TRANS
Largest movements
- Receivables within one year +€57,440
up €57,440 (+353%), from €16,293 to €73,733
of which Other amounts receivable: +€29,095
- Tangible fixed assets +€30,303
up €30,303 (+44.2%), from €68,508 to €98,810
of which Leasing and similar rights: +€96,921
- Cash +€1,922
new in 2025: €1,922
mainly Debts after one year (+€42,541) and Trade debts (+€20,639)
- Debts after one year +€42,541
up €42,541 (+162%), from €26,226 to €68,767
- Trade debts +€20,639
up €20,639 (+156%), from €13,193 to €33,832
- Tax, wage and social debts +€13,222
up €13,222 (+99.1%), from €13,339 to €26,561
- Current portion of long-term debt +€12,789
up €12,789 (+42.0%), from €30,443 to €43,232
- Short-term financial debts +€9,763
up €9,763 (+329%), from €2,966 to €12,729
- Other operating charges -€9,665
down €9,665 (-77.7%), from €12,436 to €2,771
- Depreciation -€8,156
down €8,156 (-28.5%), from €28,594 to €20,438
- Gross operating margin +€6,514
up €6,514 (+24.6%), from €26,503 to €33,017
- Financial charges +€5,273
up €5,273 (+138%), from €3,809 to €9,082
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 | €87,401 | €177,966 | +€90,565 | +104% |
| Fixed assets | 21/28 | €71,108 | €102,310 | +€31,203 | +43.9% |
| Tangible fixed assets | 22/27 | €68,508 | €98,810 | +€30,303 | +44.2% |
| Plant, machinery and equipment | 23 | €1,776 | €917 | -€859 | -48.3% |
| Furniture and vehicles | 24 | €66,732 | €972 | -€65,760 | -98.5% |
| Leasing and similar rights | 25 | - | €96,921 | +€96,921 | |
| Financial fixed assets | 28 | €2,600 | €3,500 | +€900 | +34.6% |
| Current assets | 29/58 | €16,293 | €75,656 | +€59,363 | +364% |
| Amounts receivable within one year | 40/41 | €16,293 | €73,733 | +€57,440 | +353% |
| Trade receivables | 40 | €16,293 | €44,638 | +€28,345 | +174% |
| Other amounts receivable | 41 | €0 | €29,095 | +€29,095 | |
| Cash at bank and in hand | 54/58 | - | €1,922 | +€1,922 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €87,401 | €177,966 | +€90,565 | +104% |
| Equity | 10/15 | -€8,067 | -€7,655 | +€412 | +5.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,268 | €5,268 | = | 0.0% |
| Distributable reserves | 133 | €5,268 | €5,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,336 | -€17,923 | +€412 | +2.2% |
| Amounts payable | 17/49 | €95,468 | €185,621 | +€90,153 | +94.4% |
| Amounts payable after more than one year | 17 | €26,226 | €68,767 | +€42,541 | +162% |
| Financial debts | 170/4 | €26,226 | €68,767 | +€42,541 | +162% |
| Amounts payable within one year | 42/48 | €69,242 | €116,854 | +€47,612 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €30,443 | €43,232 | +€12,789 | +42.0% |
| Financial debts | 43 | €2,966 | €12,729 | +€9,763 | +329% |
| Credit institutions | 430/8 | €2,966 | €12,729 | +€9,763 | +329% |
| Trade debts | 44 | €13,193 | €33,832 | +€20,639 | +156% |
| Suppliers | 440/4 | €13,193 | €33,832 | +€20,639 | +156% |
| Taxes, remuneration and social security | 45 | €13,339 | €26,561 | +€13,222 | +99.1% |
| Taxes | 450/3 | €13,339 | €26,561 | +€13,222 | +99.1% |
| Other amounts payable | 47/48 | €9,300 | €500 | -€8,800 | -94.6% |
| Non-recurring operating income | 76A | - | €10,554 | +€10,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,594 | €20,438 | -€8,156 | -28.5% |
| Other operating charges | 640/8 | €12,436 | €2,771 | -€9,665 | -77.7% |
| Non-recurring operating charges | 66A | - | €314 | +€314 | |
| Gross operating margin | 9900 | €26,503 | €33,017 | +€6,514 | +24.6% |
| Operating profit (loss) | 9901 | -€14,526 | €9,494 | +€24,021 | |
| Financial charges | 65/66B | €3,809 | €9,082 | +€5,273 | +138% |
| Recurring financial charges | 65 | €3,809 | €9,082 | +€5,273 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€18,336 | €412 | +€18,748 | |
| Profit (loss) for the period | 9904 | -€18,336 | €412 | +€18,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,336 | €412 | +€18,748 |
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 30 October 2026 via checked.be.