TJ-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.
What changed
TJ-TRANS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,164
2024 · €68,676-€41,511
Equity
€277,846
2024 · €250,681+€27,164
Cash
€6,111
2024 · €2,797+€3,314
Balance sheet total
€525,887
2024 · €515,911+€9,977
Largest movements
Assets
- Receivables within one year +€6,547
up €6,547 (+3.2%), from €202,658 to €209,205
of which Trade receivables: +€6,546
Equity and liabilities
- Reserves +€27,164
up €27,164 (+11.7%), from €232,081 to €259,246
of which Distributable reserves: +€57,102
- Other debts +€21,369
up €21,369, from €0 to €21,369
- Current portion of long-term debt -€17,028
down €17,028 (-50.9%), from €33,477 to €16,449
- Debts after one year -€16,449
down €16,449 (-12.0%), from €136,506 to €120,057
- Provisions -€9,979
down €9,979 (-14.5%), from €68,675 to €58,696
of which Deferred taxes: -€9,979
Income statement
- Gross operating margin -€51,619
down €51,619 (-44.0%), from €117,263 to €65,644
- Taxes +€16,549
up €16,549 (+248%), from €6,661 to €23,210
- Financial income -€5,474
down €5,474 (-100.0%), from €5,476 to €2
- Depreciation +€3,395
up €3,395 (+31.9%), from €10,636 to €14,032
- Financial charges -€2,823
down €2,823 (-30.5%), from €9,254 to €6,431
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.
Result 2024
€68,676
Gross operating margin
-€51,619
Staff costs
-€268
Depreciation
-€3,395
Other operating charges
+€2,617
Financial income
-€5,474
Financial charges
+€2,823
Taxes
-€16,549
Deferred taxes and other
+€30,354
Result 2025
€27,164
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€47,482
Investment
-€13,953
Financing
-€30,215
Cash 2024
€2,797
From operations (derived)
+€47,482
Net result for the year
+€27,164
Depreciation
+€14,032
Receivables within one year
-€6,547
Deferred charges and accrued income
-€194
Provisions
-€9,979
Trade debts
-€1,014
Tax, wage and social debts
+€4,660
Other debts
+€21,369
Accrued charges and deferred income
-€2,009
Investment (derived)
-€13,953
Investment in fixed assets (net)
-€13,953
Financing
-€30,215
Debts after one year
-€16,449
Current portion of long-term debt
-€17,028
Short-term financial debts
+€3,262
Cash 2025
€6,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,911 | €525,887 | +€9,977 | +1.9% |
| Fixed assets | 21/28 | €307,494 | €307,415 | -€79 | 0.0% |
| Tangible fixed assets | 22/27 | €223,718 | €223,640 | -€79 | 0.0% |
| Land and buildings | 22 | €194,300 | €190,680 | -€3,619 | -1.9% |
| Furniture and vehicles | 24 | €8,597 | €19,799 | +€11,202 | +130% |
| Leasing and similar rights | 25 | €20,821 | €13,160 | -€7,661 | -36.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €83,775 | €83,775 | = | 0.0% |
| Current assets | 29/58 | €208,417 | €218,472 | +€10,055 | +4.8% |
| Amounts receivable within one year | 40/41 | €202,658 | €209,205 | +€6,547 | +3.2% |
| Trade receivables | 40 | €44,255 | €50,801 | +€6,546 | +14.8% |
| Other amounts receivable | 41 | €158,403 | €158,404 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €2,797 | €6,111 | +€3,314 | +118% |
| Deferred charges and accrued income | 490/1 | €2,962 | €3,156 | +€194 | +6.6% |
| Total equity and liabilities | 10/49 | €515,911 | €525,887 | +€9,977 | +1.9% |
| Equity | 10/15 | €250,681 | €277,846 | +€27,164 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,081 | €259,246 | +€27,164 | +11.7% |
| Tax-exempt reserves | 132 | €91,061 | €61,123 | -€29,937 | -32.9% |
| Distributable reserves | 133 | €141,021 | €198,122 | +€57,102 | +40.5% |
| Provisions and deferred taxes | 16 | €68,675 | €58,696 | -€9,979 | -14.5% |
| Provisions for liabilities and charges | 160/5 | €38,322 | €38,322 | = | 0.0% |
| Pensions and similar obligations | 160 | €38,322 | €38,322 | = | 0.0% |
| Deferred taxes | 168 | €30,354 | €20,374 | -€9,979 | -32.9% |
| Amounts payable | 17/49 | €196,554 | €189,346 | -€7,208 | -3.7% |
| Amounts payable after more than one year | 17 | €136,506 | €120,057 | -€16,449 | -12.0% |
| Financial debts | 170/4 | €136,506 | €120,057 | -€16,449 | -12.0% |
| Amounts payable within one year | 42/48 | €58,040 | €69,289 | +€11,249 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €33,477 | €16,449 | -€17,028 | -50.9% |
| Financial debts | 43 | €6,789 | €10,051 | +€3,262 | +48.0% |
| Credit institutions | 430/8 | €6,789 | €10,051 | +€3,262 | +48.0% |
| Trade debts | 44 | €4,877 | €3,863 | -€1,014 | -20.8% |
| Suppliers | 440/4 | €4,877 | €3,863 | -€1,014 | -20.8% |
| Taxes, remuneration and social security | 45 | €12,897 | €17,557 | +€4,660 | +36.1% |
| Taxes | 450/3 | €12,897 | €17,557 | +€4,660 | +36.1% |
| Other amounts payable | 47/48 | €0 | €21,369 | +€21,369 | |
| Accrued charges and deferred income | 492/3 | €2,009 | - | -€2,009 | |
| Non-recurring operating income | 76A | €81,498 | - | -€81,498 | |
| Remuneration, social security and pensions | 62 | €1,070 | €1,338 | +€268 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,636 | €14,032 | +€3,395 | +31.9% |
| Other operating charges | 640/8 | €6,067 | €3,450 | -€2,617 | -43.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,263 | €65,644 | -€51,619 | -44.0% |
| Operating profit (loss) | 9901 | €99,489 | €46,824 | -€52,665 | -52.9% |
| Financial income | 75/76B | €5,476 | €2 | -€5,474 | -100.0% |
| Recurring financial income | 75 | €5,476 | €2 | -€5,474 | -100.0% |
| Financial charges | 65/66B | €9,254 | €6,431 | -€2,823 | -30.5% |
| Recurring financial charges | 65 | €9,254 | €6,431 | -€2,823 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €95,711 | €40,395 | -€55,316 | -57.8% |
| Transfer from deferred taxes | 780 | - | €9,979 | +€9,979 | |
| Transfer to deferred taxes | 680 | €20,374 | - | -€20,374 | |
| Income taxes | 67/77 | €6,661 | €23,210 | +€16,549 | +248% |
| Profit (loss) for the period | 9904 | €68,676 | €27,164 | -€41,511 | -60.4% |
| Transfer from tax-exempt reserves | 789 | - | €29,937 | +€29,937 | |
| Transfer to tax-exempt reserves | 689 | €61,123 | - | -€61,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,552 | €57,102 | +€49,549 | +656% |
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 26 October 2026 via checked.be.