JUST RIDE: 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.
JUST RIDE
Largest movements
- Receivables within one year -€49,193
down €49,193 (-47.4%), from €103,748 to €54,555
of which Trade receivables: -€42,708
- Stocks and contracts +€27,350
up €27,350 (+3.7%), from €742,563 to €769,913
- Cash -€26,996
down €26,996 (-38.0%), from €71,038 to €44,042
mainly Trade debts (-€45,486) and Debts after one year (-€41,992)
- Short-term financial debts +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Trade debts -€45,486
down €45,486 (-38.7%), from €117,569 to €72,083
- Debts after one year -€41,992
down €41,992 (-52.1%), from €80,599 to €38,607
- Profit (loss) carried forward -€26,075
new in 2025: -€26,075
- Staff costs +€21,398
up €21,398 (+30.7%), from €69,636 to €91,034
- Gross operating margin -€13,303
down €13,303 (-12.4%), from €107,576 to €94,272
- Financial charges +€5,225
up €5,225 (+40.7%), from €12,834 to €18,060
- Taxes -€4,829
down €4,829, from €4,829 to -€0
- Depreciation +€2,175
up €2,175 (+24.9%), from €8,737 to €10,912
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 | €975,738 | €919,471 | -€56,267 | -5.8% |
| Formation expenses | 20 | €22,133 | €17,707 | -€4,427 | -20.0% |
| Fixed assets | 21/28 | €22,736 | €22,666 | -€70 | -0.3% |
| Tangible fixed assets | 22/27 | €22,681 | €22,611 | -€70 | -0.3% |
| Plant, machinery and equipment | 23 | €1,985 | €1,209 | -€776 | -39.1% |
| Furniture and vehicles | 24 | €5,420 | €2,606 | -€2,814 | -51.9% |
| Other tangible fixed assets | 26 | €15,277 | €18,797 | +€3,520 | +23.0% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €930,868 | €879,099 | -€51,770 | -5.6% |
| Stocks and contracts in progress | 3 | €742,563 | €769,913 | +€27,350 | +3.7% |
| Stocks | 30/36 | €742,563 | €769,913 | +€27,350 | +3.7% |
| Amounts receivable within one year | 40/41 | €103,748 | €54,555 | -€49,193 | -47.4% |
| Trade receivables | 40 | €80,058 | €37,350 | -€42,708 | -53.3% |
| Other amounts receivable | 41 | €23,689 | €17,205 | -€6,484 | -27.4% |
| Cash at bank and in hand | 54/58 | €71,038 | €44,042 | -€26,996 | -38.0% |
| Deferred charges and accrued income | 490/1 | €13,520 | €10,589 | -€2,931 | -21.7% |
| Total equity and liabilities | 10/49 | €975,738 | €919,471 | -€56,267 | -5.8% |
| Equity | 10/15 | €55,102 | €29,027 | -€26,075 | -47.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,102 | €15,102 | = | 0.0% |
| Distributable reserves | 133 | €15,102 | €15,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,075 | -€26,075 | |
| Amounts payable | 17/49 | €920,636 | €890,444 | -€30,192 | -3.3% |
| Amounts payable after more than one year | 17 | €80,599 | €38,607 | -€41,992 | -52.1% |
| Financial debts | 170/4 | €80,599 | €38,607 | -€41,992 | -52.1% |
| Amounts payable within one year | 42/48 | €840,037 | €851,838 | +€11,800 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €28,259 | €32,078 | +€3,819 | +13.5% |
| Financial debts | 43 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Credit institutions | 430/8 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Trade debts | 44 | €117,569 | €72,083 | -€45,486 | -38.7% |
| Suppliers | 440/4 | €117,569 | €72,083 | -€45,486 | -38.7% |
| Taxes, remuneration and social security | 45 | €10,749 | €14,689 | +€3,940 | +36.7% |
| Taxes | 450/3 | €4,204 | €3,291 | -€913 | -21.7% |
| Remuneration and social security | 454/9 | €6,545 | €11,398 | +€4,853 | +74.1% |
| Other amounts payable | 47/48 | €533,460 | €532,987 | -€473 | -0.1% |
| Remuneration, social security and pensions | 62 | €69,636 | €91,034 | +€21,398 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,737 | €10,912 | +€2,175 | +24.9% |
| Other operating charges | 640/8 | €1,459 | €1,382 | -€77 | -5.3% |
| Gross operating margin | 9900 | €107,576 | €94,272 | -€13,303 | -12.4% |
| Operating profit (loss) | 9901 | €27,743 | -€9,056 | -€36,799 | |
| Financial income | 75/76B | €1,017 | €1,041 | +€24 | +2.4% |
| Recurring financial income | 75 | €1,017 | €1,041 | +€24 | +2.4% |
| Financial charges | 65/66B | €12,834 | €18,060 | +€5,225 | +40.7% |
| Recurring financial charges | 65 | €12,834 | €18,060 | +€5,225 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €15,925 | -€26,075 | -€42,000 | |
| Income taxes | 67/77 | €4,829 | -€0 | -€4,829 | |
| Profit (loss) for the period | 9904 | €11,096 | -€26,075 | -€37,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,096 | -€26,075 | -€37,171 |
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 15 October 2026 via checked.be.