Ets JOSKIN: 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
Ets JOSKIN
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€509,547
2024 · €851,902-€342,355
Equity
€16.0m
2024 · €15.5m+€509,547
Cash
€2.5m
2024 · €1.2m+€1.2m
Balance sheet total
€68.6m
2024 · €66.0m+€2.5m
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+102%), from €1.2m to €2.5m
mainly Trade debts (+€7.6m) and Depreciation (+€1.2m)
- Stocks and contracts +€1.1m
up €1.1m (+6.1%), from €17.6m to €18.7m
Equity and liabilities
- Trade debts +€7.6m
up €7.6m (+27.6%), from €27.4m to €35.0m
- Short-term financial debts -€4.3m
down €4.3m (-51.8%), from €8.3m to €4.0m
- Debts after one year -€1.8m
down €1.8m (-17.6%), from €10.1m to €8.3m
Income statement
- Goods and materials +€5.8m
up €5.8m (+3.7%), from €153.8m to €159.6m
of which Purchases: +€6.0m
- Turnover +€5.5m
up €5.5m (+3.2%), from €173.4m to €178.9m
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
€851,902
Turnover
+€5.5m
Other operating income
+€162,490
Goods and materials
-€5.8m
Services and other goods
-€371,269
Staff costs
-€236,766
Depreciation
-€201,775
Write-downs
+€259,134
Other operating charges
-€10,000
Other operating items
+€56,975
Financial income
-€40,980
Financial charges
+€225,170
Taxes
+€34,865
Result 2025
€509,547
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
+€7.8m
Investment
-€688,741
Financing
-€5.9m
Cash 2024
€1.2m
From operations (derived)
+€7.8m
Net result for the year
+€509,547
Depreciation
+€1.2m
Stocks and contracts
-€1.1m
Receivables within one year
-€486,090
Deferred charges and accrued income
-€246,782
Trade debts
+€7.6m
Tax, wage and social debts
+€67,725
Advances received
+€599,362
Other debts
-€210,834
Accrued charges and deferred income
-€88,640
Investment (derived)
-€688,741
Investment in fixed assets (net)
-€688,741
Financing
-€5.9m
Debts after one year
-€1.8m
Current portion of long-term debt
+€161,249
Short-term financial debts
-€4.3m
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,049,820 | €68,598,419 | +€2.5m | +3.9% |
| Fixed assets | 21/28 | €6,338,697 | €5,838,863 | -€499,834 | -7.9% |
| Tangible fixed assets | 22/27 | €6,336,322 | €5,836,489 | -€499,834 | -7.9% |
| Plant, machinery and equipment | 23 | €11,787 | €42,545 | +€30,758 | +261% |
| Furniture and vehicles | 24 | €39,700 | €23,838 | -€15,862 | -40.0% |
| Leasing and similar rights | 25 | €6,265,756 | €5,770,105 | -€495,651 | -7.9% |
| Assets under construction and advance payments | 27 | €19,079 | €0 | -€19,079 | -100% |
| Financial fixed assets | 28 | €2,375 | €2,375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,375 | €2,375 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,375 | €2,375 | = | 0.0% |
| Current assets | 29/58 | €59,711,123 | €62,759,556 | +€3.0m | +5.1% |
| Stocks and contracts in progress | 3 | €17,624,353 | €18,693,480 | +€1.1m | +6.1% |
| Stocks | 30/36 | €17,624,353 | €18,693,480 | +€1.1m | +6.1% |
| Raw materials and consumables | 30/31 | €6,499,063 | €6,819,751 | +€320,688 | +4.9% |
| Goods purchased for resale | 34 | €11,125,290 | €11,873,729 | +€748,439 | +6.7% |
| Amounts receivable within one year | 40/41 | €40,396,359 | €40,882,449 | +€486,090 | +1.2% |
| Trade receivables | 40 | €39,180,897 | €39,102,217 | -€78,680 | -0.2% |
| Other amounts receivable | 41 | €1,215,462 | €1,780,232 | +€564,770 | +46.5% |
| Cash at bank and in hand | 54/58 | €1,220,295 | €2,466,729 | +€1.2m | +102% |
| Deferred charges and accrued income | 490/1 | €470,116 | €716,898 | +€246,782 | +52.5% |
| Total equity and liabilities | 10/49 | €66,049,820 | €68,598,419 | +€2.5m | +3.9% |
| Equity | 10/15 | €15,458,684 | €15,968,231 | +€509,547 | +3.3% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Capital | 10 | €460,000 | €460,000 | = | 0.0% |
| Issued capital | 100 | €460,000 | €460,000 | = | 0.0% |
| Reserves | 13 | €14,998,684 | €15,508,231 | +€509,547 | +3.4% |
| Non-distributable reserves | 130/1 | €46,000 | €46,000 | = | 0.0% |
| Legal reserve | 130 | €46,000 | €46,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,578,750 | €905,150 | -€673,600 | -42.7% |
| Distributable reserves | 133 | €13,373,934 | €14,557,081 | +€1.2m | +8.8% |
| Amounts payable | 17/49 | €50,591,136 | €52,630,189 | +€2.0m | +4.0% |
| Amounts payable after more than one year | 17 | €10,064,636 | €8,296,056 | -€1.8m | -17.6% |
| Financial debts | 170/4 | €10,064,636 | €8,296,056 | -€1.8m | -17.6% |
| Subordinated loans | 170 | €1,886,511 | €1,886,511 | = | 0.0% |
| Leasing and similar obligations | 172 | €1,168,689 | €1,071,854 | -€96,835 | -8.3% |
| Credit institutions | 173 | €2,952,436 | €3,164,691 | +€212,254 | +7.2% |
| Other loans | 174 | €4,057,000 | €2,173,000 | -€1.9m | -46.4% |
| Amounts payable within one year | 42/48 | €40,330,472 | €44,226,746 | +€3.9m | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €1,471,766 | €1,633,015 | +€161,249 | +11.0% |
| Financial debts | 43 | €8,300,000 | €4,000,000 | -€4.3m | -51.8% |
| Credit institutions | 430/8 | €8,300,000 | €4,000,000 | -€4.3m | -51.8% |
| Trade debts | 44 | €27,412,053 | €34,990,825 | +€7.6m | +27.6% |
| Suppliers | 440/4 | €27,412,053 | €34,990,825 | +€7.6m | +27.6% |
| Advances received on contracts in progress | 46 | €573,733 | €1,173,094 | +€599,362 | +104% |
| Taxes, remuneration and social security | 45 | €604,116 | €671,841 | +€67,725 | +11.2% |
| Taxes | 450/3 | €179,010 | €186,756 | +€7,746 | +4.3% |
| Remuneration and social security | 454/9 | €425,106 | €485,085 | +€59,979 | +14.1% |
| Other amounts payable | 47/48 | €1,968,805 | €1,757,970 | -€210,834 | -10.7% |
| Accrued charges and deferred income | 492/3 | €196,027 | €107,387 | -€88,640 | -45.2% |
| Operating income | 70/76A | €174,546,078 | €180,314,368 | +€5.8m | +3.3% |
| Turnover | 70 | €173,376,053 | €178,916,141 | +€5.5m | +3.2% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €1,140,686 | €1,303,176 | +€162,490 | +14.2% |
| Non-recurring operating income | 76A | €29,340 | €95,052 | +€65,712 | +224% |
| Operating charges | 60/66A | €171,960,662 | €178,290,362 | +€6.3m | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €153,819,688 | €159,579,974 | +€5.8m | +3.7% |
| Purchases | 600/8 | €154,878,831 | €160,877,574 | +€6.0m | +3.9% |
| Change in stocks: decrease (increase) | 609 | -€1,059,143 | -€1,297,599 | -€238,456 | -22.5% |
| Services and other goods | 61 | €13,143,889 | €13,515,157 | +€371,269 | +2.8% |
| Remuneration, social security and pensions | 62 | €3,376,124 | €3,612,890 | +€236,766 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986,799 | €1,188,574 | +€201,775 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €477,662 | €218,528 | -€259,134 | -54.3% |
| Other operating charges | 640/8 | €155,354 | €165,355 | +€10,000 | +6.4% |
| Non-recurring operating charges | 66A | €1,147 | €9,884 | +€8,737 | +762% |
| Operating profit (loss) | 9901 | €2,585,416 | €2,024,006 | -€561,410 | -21.7% |
| Financial income | 75/76B | €174,509 | €133,529 | -€40,980 | -23.5% |
| Recurring financial income | 75 | €174,509 | €133,529 | -€40,980 | -23.5% |
| Income from current assets | 751 | €45,559 | €53,157 | +€7,598 | +16.7% |
| Other financial income | 752/9 | €128,950 | €80,373 | -€48,578 | -37.7% |
| Financial charges | 65/66B | €1,643,712 | €1,418,542 | -€225,170 | -13.7% |
| Recurring financial charges | 65 | €1,643,712 | €1,418,542 | -€225,170 | -13.7% |
| Debt charges | 650 | €1,195,589 | €891,873 | -€303,716 | -25.4% |
| Other financial charges | 652/9 | €448,123 | €526,669 | +€78,546 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €1,116,213 | €738,993 | -€377,220 | -33.8% |
| Income taxes | 67/77 | €264,311 | €229,446 | -€34,865 | -13.2% |
| Taxes | 670/3 | €265,000 | €230,521 | -€34,479 | -13.0% |
| Tax adjustments and reversals of tax provisions | 77 | €689 | €1,075 | +€386 | +56.0% |
| Profit (loss) for the period | 9904 | €851,902 | €509,547 | -€342,355 | -40.2% |
| Transfer from tax-exempt reserves | 789 | - | €989,350 | +€989,350 | |
| Transfer to tax-exempt reserves | 689 | - | €315,750 | +€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €851,902 | €1,183,147 | +€331,245 | +38.9% |
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 17 October 2026 via checked.be.