Ets. TASSINON: 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. TASSINON
NACE 46.841, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€329,654
2024 · -€183,354-€146,300
Equity
€1.8m
2024 · €2.1m-€329,654
Cash
€38,654
2024 · €44,909-€6,255
Balance sheet total
€2.2m
2024 · €2.8m-€552,145
Largest movements
Assets
- Stocks and contracts -€401,587
down €401,587 (-25.1%), from €1.6m to €1.2m
- Receivables within one year -€189,408
down €189,408 (-18.6%), from €1.0m to €826,315
of which Trade receivables: -€195,434
- Tangible fixed assets +€50,266
up €50,266 (+161%), from €31,252 to €81,518
of which Furniture and vehicles: +€54,765
Equity and liabilities
- Reserves -€329,654
down €329,654 (-31.4%), from €1.0m to €720,065
- Short-term financial debts -€265,500
down €265,500 (-52.5%), from €505,500 to €240,000
- Debts after one year +€46,908
new in 2025: €46,908
Income statement
- Gross operating margin -€310,637
down €310,637 (-83.6%), from €371,396 to €60,758
- Write-downs -€100,476
down €100,476 (-366%), from -€27,476 to -€127,953
- Staff costs -€41,772
down €41,772 (-8.3%), from €504,434 to €462,662
- Depreciation +€3,923
up €3,923 (+50.0%), from €7,842 to €11,765
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
-€183,354
Gross operating margin
-€310,637
Staff costs
+€41,772
Depreciation
-€3,923
Write-downs
+€100,476
Other operating charges
+€2,886
Other operating items
+€21,014
Financial income
-€106
Financial charges
+€1,984
Taxes
+€234
Result 2025
-€329,654
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
+€270,219
Investment
-€65,485
Financing
-€210,989
Cash 2024
€44,909
From operations (derived)
+€270,219
Net result for the year
-€329,654
Depreciation
+€11,765
Stocks and contracts
+€401,587
Receivables within one year
+€189,408
Deferred charges and accrued income
+€8,615
Trade debts
+€12,760
Tax, wage and social debts
-€24,262
Investment (derived)
-€65,485
Investment in fixed assets (net)
-€65,485
Financing
-€210,989
Debts after one year
+€46,908
Current portion of long-term debt
+€7,603
Short-term financial debts
-€265,500
Cash 2025
€38,654
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,767,997 | €2,215,852 | -€552,145 | -19.9% |
| Fixed assets | 21/28 | €36,662 | €90,382 | +€53,719 | +147% |
| Intangible fixed assets | 21 | €5,410 | €8,863 | +€3,453 | +63.8% |
| Tangible fixed assets | 22/27 | €31,252 | €81,518 | +€50,266 | +161% |
| Plant, machinery and equipment | 23 | €17,716 | €13,217 | -€4,499 | -25.4% |
| Furniture and vehicles | 24 | €13,536 | €68,302 | +€54,765 | +405% |
| Current assets | 29/58 | €2,731,335 | €2,125,470 | -€605,865 | -22.2% |
| Stocks and contracts in progress | 3 | €1,599,295 | €1,197,708 | -€401,587 | -25.1% |
| Stocks | 30/36 | €1,599,295 | €1,197,708 | -€401,587 | -25.1% |
| Amounts receivable within one year | 40/41 | €1,015,723 | €826,315 | -€189,408 | -18.6% |
| Trade receivables | 40 | €948,025 | €752,591 | -€195,434 | -20.6% |
| Other amounts receivable | 41 | €67,699 | €73,725 | +€6,026 | +8.9% |
| Cash at bank and in hand | 54/58 | €44,909 | €38,654 | -€6,255 | -13.9% |
| Deferred charges and accrued income | 490/1 | €71,407 | €62,792 | -€8,615 | -12.1% |
| Total equity and liabilities | 10/49 | €2,767,997 | €2,215,852 | -€552,145 | -19.9% |
| Equity | 10/15 | €2,087,679 | €1,758,025 | -€329,654 | -15.8% |
| Contributions | 10/11 | €1,037,960 | €1,037,960 | = | 0.0% |
| Reserves | 13 | €1,049,719 | €720,065 | -€329,654 | -31.4% |
| Distributable reserves | 133 | €1,049,719 | €720,065 | -€329,654 | -31.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €680,318 | €457,827 | -€222,491 | -32.7% |
| Amounts payable after more than one year | 17 | - | €46,908 | +€46,908 | |
| Financial debts | 170/4 | - | €46,908 | +€46,908 | |
| Amounts payable within one year | 42/48 | €680,318 | €410,918 | -€269,400 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,603 | +€7,603 | |
| Financial debts | 43 | €505,500 | €240,000 | -€265,500 | -52.5% |
| Credit institutions | 430/8 | €505,500 | €240,000 | -€265,500 | -52.5% |
| Trade debts | 44 | €35,711 | €48,471 | +€12,760 | +35.7% |
| Suppliers | 440/4 | €35,711 | €48,471 | +€12,760 | +35.7% |
| Taxes, remuneration and social security | 45 | €139,107 | €114,845 | -€24,262 | -17.4% |
| Taxes | 450/3 | €68,211 | €51,595 | -€16,616 | -24.4% |
| Remuneration and social security | 454/9 | €70,896 | €63,250 | -€7,645 | -10.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €20,460 | €0 | -€20,460 | -100% |
| Remuneration, social security and pensions | 62 | €504,434 | €462,662 | -€41,772 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,842 | €11,765 | +€3,923 | +50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,476 | -€127,953 | -€100,476 | -366% |
| Other operating charges | 640/8 | €15,418 | €12,533 | -€2,886 | -18.7% |
| Non-recurring operating charges | 66A | €22,309 | €1,295 | -€21,014 | -94.2% |
| Gross operating margin | 9900 | €371,396 | €60,758 | -€310,637 | -83.6% |
| Operating profit (loss) | 9901 | -€151,133 | -€299,544 | -€148,412 | -98.2% |
| Financial income | 75/76B | €1,527 | €1,420 | -€106 | -7.0% |
| Recurring financial income | 75 | €1,527 | €1,420 | -€106 | -7.0% |
| Financial charges | 65/66B | €33,095 | €31,111 | -€1,984 | -6.0% |
| Recurring financial charges | 65 | €33,095 | €31,111 | -€1,984 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€182,701 | -€329,235 | -€146,534 | -80.2% |
| Income taxes | 67/77 | €653 | €419 | -€234 | -35.8% |
| Profit (loss) for the period | 9904 | -€183,354 | -€329,654 | -€146,300 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€183,354 | -€329,654 | -€146,300 | -79.8% |
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 13 October 2026 via checked.be.