JUNIUS ROLLING STOCK: 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.
JUNIUS ROLLING STOCK
Largest movements
- Receivables within one year +€49,534
up €49,534 (+67.6%), from €73,307 to €122,841
of which Trade receivables: +€50,602
- Tangible fixed assets -€43,257
down €43,257 (-24.3%), from €178,181 to €134,924
- Cash +€25,524
up €25,524 (+25.2%), from €101,255 to €126,779
mainly Short-term financial debts (+€87,169) and Depreciation (+€43,257)
- Short-term financial debts +€87,169
up €87,169 (+62.9%), from €138,645 to €225,814
- Trade debts -€77,477
down €77,477 (-54.2%), from €142,894 to €65,417
- Other debts -€20,077
down €20,077 (-8.6%), from €234,413 to €214,336
- Tax, wage and social debts +€19,465
up €19,465 (+28.1%), from €69,229 to €88,694
of which Taxes: +€19,702
- Advances received +€13,915
new in 2025: €13,915
- Gross operating margin -€129,374
down €129,374 (-26.9%), from €481,093 to €351,719
- Taxes -€36,224
down €36,224 (-87.2%), from €41,524 to €5,300
- Staff costs +€27,111
up €27,111 (+11.0%), from €247,272 to €274,383
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 | €1,336,935 | €1,350,010 | +€13,075 | +1.0% |
| Fixed assets | 21/28 | €178,586 | €135,329 | -€43,257 | -24.2% |
| Tangible fixed assets | 22/27 | €178,181 | €134,924 | -€43,257 | -24.3% |
| Land and buildings | 22 | €89,383 | €81,484 | -€7,899 | -8.8% |
| Plant, machinery and equipment | 23 | €24,080 | €13,857 | -€10,223 | -42.5% |
| Furniture and vehicles | 24 | €27,228 | €15,276 | -€11,952 | -43.9% |
| Other tangible fixed assets | 26 | €37,490 | €24,307 | -€13,183 | -35.2% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €1,158,349 | €1,214,681 | +€56,332 | +4.9% |
| Stocks and contracts in progress | 3 | €973,258 | €960,279 | -€12,978 | -1.3% |
| Stocks | 30/36 | €973,258 | €960,279 | -€12,978 | -1.3% |
| Amounts receivable within one year | 40/41 | €73,307 | €122,841 | +€49,534 | +67.6% |
| Trade receivables | 40 | €68,604 | €119,206 | +€50,602 | +73.8% |
| Other amounts receivable | 41 | €4,702 | €3,634 | -€1,068 | -22.7% |
| Cash at bank and in hand | 54/58 | €101,255 | €126,779 | +€25,524 | +25.2% |
| Deferred charges and accrued income | 490/1 | €10,529 | €4,782 | -€5,747 | -54.6% |
| Total equity and liabilities | 10/49 | €1,336,935 | €1,350,010 | +€13,075 | +1.0% |
| Equity | 10/15 | €719,540 | €726,502 | +€6,961 | +1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €699,540 | €706,502 | +€6,961 | +1.0% |
| Distributable reserves | 133 | €699,540 | €706,502 | +€6,961 | +1.0% |
| Amounts payable | 17/49 | €617,395 | €623,508 | +€6,114 | +1.0% |
| Amounts payable after more than one year | 17 | €11,686 | €0 | -€11,686 | -100% |
| Financial debts | 170/4 | €11,686 | €0 | -€11,686 | -100% |
| Amounts payable within one year | 42/48 | €600,702 | €619,863 | +€19,162 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €15,521 | €11,686 | -€3,834 | -24.7% |
| Financial debts | 43 | €138,645 | €225,814 | +€87,169 | +62.9% |
| Credit institutions | 430/8 | €138,645 | €225,814 | +€87,169 | +62.9% |
| Trade debts | 44 | €142,894 | €65,417 | -€77,477 | -54.2% |
| Suppliers | 440/4 | €142,894 | €65,417 | -€77,477 | -54.2% |
| Advances received on contracts in progress | 46 | - | €13,915 | +€13,915 | |
| Taxes, remuneration and social security | 45 | €69,229 | €88,694 | +€19,465 | +28.1% |
| Taxes | 450/3 | €19,308 | €39,010 | +€19,702 | +102% |
| Remuneration and social security | 454/9 | €49,921 | €49,685 | -€236 | -0.5% |
| Other amounts payable | 47/48 | €234,413 | €214,336 | -€20,077 | -8.6% |
| Accrued charges and deferred income | 492/3 | €5,006 | €3,645 | -€1,362 | -27.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €247,272 | €274,383 | +€27,111 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,555 | €43,257 | +€2,702 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,725 | -€2,750 | -€1,025 | -59.4% |
| Other operating charges | 640/8 | €6,408 | €8,109 | +€1,700 | +26.5% |
| Non-recurring operating charges | 66A | €1,192 | €0 | -€1,192 | -100% |
| Gross operating margin | 9900 | €481,093 | €351,719 | -€129,374 | -26.9% |
| Operating profit (loss) | 9901 | €187,391 | €28,721 | -€158,671 | -84.7% |
| Financial income | 75/76B | €162 | €2,149 | +€1,988 | +1,230% |
| Recurring financial income | 75 | €162 | €2,149 | +€1,988 | +1,230% |
| Financial charges | 65/66B | €14,653 | €18,608 | +€3,955 | +27.0% |
| Recurring financial charges | 65 | €14,653 | €18,608 | +€3,955 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €172,899 | €12,261 | -€160,638 | -92.9% |
| Income taxes | 67/77 | €41,524 | €5,300 | -€36,224 | -87.2% |
| Profit (loss) for the period | 9904 | €131,376 | €6,961 | -€124,414 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,376 | €6,961 | -€124,414 | -94.7% |
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 16 October 2026 via checked.be.