JT 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.
JT TRANS
Largest movements
- Tangible fixed assets +€115,816
up €115,816 (+108%), from €107,653 to €223,469
- Cash -€19,362
down €19,362 (-11.3%), from €171,026 to €151,664
mainly Investment in fixed assets (net) (-€139,793) and Tax, wage and social debts (-€7,003)
- Receivables within one year -€8,852
down €8,852 (-33.3%), from €26,598 to €17,746
of which Trade receivables: -€12,874
- Profit (loss) carried forward +€53,372
up €53,372 (+26.9%), from €198,592 to €251,964
- Debts after one year +€30,090
up €30,090 (+96.6%), from €31,135 to €61,225
- Current portion of long-term debt +€8,529
up €8,529 (+29.8%), from €28,656 to €37,185
- Tax, wage and social debts -€7,003
no longer reported in 2025 (was €7,003)
- Depreciation -€9,148
down €9,148 (-27.6%), from €33,126 to €23,978
- Gross operating margin -€3,943
down €3,943 (-4.0%), from €99,432 to €95,489
- Taxes -€2,974
down €2,974 (-17.4%), from €17,113 to €14,140
- Other operating charges -€1,232
down €1,232 (-65.8%), from €1,872 to €640
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 | €305,812 | €393,414 | +€87,602 | +28.6% |
| Fixed assets | 21/28 | €108,188 | €224,004 | +€115,816 | +107% |
| Tangible fixed assets | 22/27 | €107,653 | €223,469 | +€115,816 | +108% |
| Furniture and vehicles | 24 | €107,653 | €223,469 | +€115,816 | +108% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €197,624 | €169,410 | -€28,214 | -14.3% |
| Amounts receivable within one year | 40/41 | €26,598 | €17,746 | -€8,852 | -33.3% |
| Trade receivables | 40 | €26,598 | €13,723 | -€12,874 | -48.4% |
| Other amounts receivable | 41 | €0 | €4,023 | +€4,023 | |
| Cash at bank and in hand | 54/58 | €171,026 | €151,664 | -€19,362 | -11.3% |
| Total equity and liabilities | 10/49 | €305,812 | €393,414 | +€87,602 | +28.6% |
| Equity | 10/15 | €213,592 | €266,964 | +€53,372 | +25.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,592 | €251,964 | +€53,372 | +26.9% |
| Amounts payable | 17/49 | €92,219 | €126,450 | +€34,230 | +37.1% |
| Amounts payable after more than one year | 17 | €31,135 | €61,225 | +€30,090 | +96.6% |
| Financial debts | 170/4 | €31,135 | €61,225 | +€30,090 | +96.6% |
| Amounts payable within one year | 42/48 | €53,327 | €59,457 | +€6,130 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €28,656 | €37,185 | +€8,529 | +29.8% |
| Trade debts | 44 | €937 | €4,570 | +€3,633 | +388% |
| Suppliers | 440/4 | €937 | €4,570 | +€3,633 | +388% |
| Taxes, remuneration and social security | 45 | €7,003 | - | -€7,003 | |
| Taxes | 450/3 | €7,003 | - | -€7,003 | |
| Other amounts payable | 47/48 | €16,730 | €17,701 | +€971 | +5.8% |
| Accrued charges and deferred income | 492/3 | €7,757 | €5,768 | -€1,989 | -25.6% |
| Non-recurring operating income | 76A | €1,000 | €22,024 | +€21,024 | +2,102% |
| Remuneration, social security and pensions | 62 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,126 | €23,978 | -€9,148 | -27.6% |
| Other operating charges | 640/8 | €1,872 | €640 | -€1,232 | -65.8% |
| Gross operating margin | 9900 | €99,432 | €95,489 | -€3,943 | -4.0% |
| Operating profit (loss) | 9901 | €64,050 | €70,872 | +€6,821 | +10.7% |
| Financial charges | 65/66B | €2,635 | €3,361 | +€726 | +27.5% |
| Recurring financial charges | 65 | €2,635 | €3,361 | +€726 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €61,415 | €67,511 | +€6,096 | +9.9% |
| Income taxes | 67/77 | €17,113 | €14,140 | -€2,974 | -17.4% |
| Profit (loss) for the period | 9904 | €44,302 | €53,372 | +€9,069 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,302 | €53,372 | +€9,069 | +20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.