TRANSPORTS RAPHAEL JASSIN: 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.
TRANSPORTS RAPHAEL JASSIN
Largest movements
- Receivables within one year +€30,767
up €30,767 (+13.9%), from €221,346 to €252,113
of which Trade receivables: +€39,706
- Tangible fixed assets -€23,556
down €23,556 (-10.3%), from €229,630 to €206,074
- Cash +€7,765
up €7,765 (+9.9%), from €78,832 to €86,597
mainly Depreciation (+€64,512) and Trade debts (+€61,482)
- Trade debts +€61,482
up €61,482 (+38.9%), from €158,154 to €219,636
- Debts after one year -€24,906
down €24,906 (-36.5%), from €68,158 to €43,252
- Tax, wage and social debts -€18,256
down €18,256 (-68.8%), from €26,537 to €8,281
of which Taxes: -€19,323
- Other operating charges +€6,044
up €6,044 (+61.5%), from €9,824 to €15,868
- Gross operating margin +€4,458
up €4,458 (+4.0%), from €112,334 to €116,792
- Staff costs +€2,320
up €2,320 (+10.2%), from €22,706 to €25,026
- Financial charges -€2,054
down €2,054 (-20.1%), from €10,233 to €8,179
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 | €536,310 | €552,272 | +€15,962 | +3.0% |
| Fixed assets | 21/28 | €229,630 | €206,074 | -€23,556 | -10.3% |
| Tangible fixed assets | 22/27 | €229,630 | €206,074 | -€23,556 | -10.3% |
| Land and buildings | 22 | €33,560 | €26,606 | -€6,954 | -20.7% |
| Plant, machinery and equipment | 23 | €46,278 | €38,012 | -€8,266 | -17.9% |
| Furniture and vehicles | 24 | €149,792 | €141,456 | -€8,336 | -5.6% |
| Current assets | 29/58 | €306,680 | €346,198 | +€39,518 | +12.9% |
| Amounts receivable within one year | 40/41 | €221,346 | €252,113 | +€30,767 | +13.9% |
| Trade receivables | 40 | €201,719 | €241,425 | +€39,706 | +19.7% |
| Other amounts receivable | 41 | €19,627 | €10,688 | -€8,939 | -45.5% |
| Cash at bank and in hand | 54/58 | €78,832 | €86,597 | +€7,765 | +9.9% |
| Deferred charges and accrued income | 490/1 | €6,502 | €7,488 | +€986 | +15.2% |
| Total equity and liabilities | 10/49 | €536,310 | €552,272 | +€15,962 | +3.0% |
| Equity | 10/15 | €252,875 | €253,697 | +€822 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,415 | €233,237 | +€822 | +0.4% |
| Amounts payable | 17/49 | €283,435 | €298,575 | +€15,140 | +5.3% |
| Amounts payable after more than one year | 17 | €68,158 | €43,252 | -€24,906 | -36.5% |
| Financial debts | 170/4 | €68,158 | €43,252 | -€24,906 | -36.5% |
| Amounts payable within one year | 42/48 | €215,277 | €255,323 | +€40,046 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €30,586 | €27,406 | -€3,180 | -10.4% |
| Trade debts | 44 | €158,154 | €219,636 | +€61,482 | +38.9% |
| Suppliers | 440/4 | €158,154 | €219,636 | +€61,482 | +38.9% |
| Taxes, remuneration and social security | 45 | €26,537 | €8,281 | -€18,256 | -68.8% |
| Taxes | 450/3 | €19,595 | €272 | -€19,323 | -98.6% |
| Remuneration and social security | 454/9 | €6,942 | €8,009 | +€1,067 | +15.4% |
| Remuneration, social security and pensions | 62 | €22,706 | €25,026 | +€2,320 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,655 | €64,512 | -€143 | -0.2% |
| Other operating charges | 640/8 | €9,824 | €15,868 | +€6,044 | +61.5% |
| Non-recurring operating charges | 66A | - | €881 | +€881 | |
| Gross operating margin | 9900 | €112,334 | €116,792 | +€4,458 | +4.0% |
| Operating profit (loss) | 9901 | €15,149 | €10,505 | -€4,644 | -30.7% |
| Financial income | 75/76B | €516 | €154 | -€362 | -70.2% |
| Recurring financial income | 75 | €516 | €154 | -€362 | -70.2% |
| Financial charges | 65/66B | €10,233 | €8,179 | -€2,054 | -20.1% |
| Recurring financial charges | 65 | €10,233 | €8,179 | -€2,054 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €5,432 | €2,480 | -€2,952 | -54.3% |
| Income taxes | 67/77 | €1,159 | €1,658 | +€499 | +43.1% |
| Profit (loss) for the period | 9904 | €4,273 | €822 | -€3,451 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,273 | €822 | -€3,451 | -80.8% |
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 31 October 2026 via checked.be.