Joassin: what changed
Two fiscal 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
Joassin
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€335,865
2024 · €433,300-€97,435
Equity
€1.7m
2024 · €1.6m+€125,000
Cash
€77,125
2024 · €279,916-€202,791
Balance sheet total
€4.3m
2024 · €4.7m-€422,942
Largest movements
Assets
- Stocks and contracts +€295,658
up €295,658 (+30.5%), from €969,448 to €1.3m
- Receivables within one year -€239,621
down €239,621 (-13.6%), from €1.8m to €1.5m
of which Trade receivables: -€422,880
- Tangible fixed assets -€225,220
down €225,220 (-13.8%), from €1.6m to €1.4m
- Cash -€202,791
down €202,791 (-72.4%), from €279,916 to €77,125
mainly Debts after one year (-€297,092) and Stocks and contracts (-€295,658)
- Deferred charges and accrued income -€50,968
down €50,968 (-68.6%), from €74,299 to €23,332
Equity and liabilities
- Debts after one year -€297,092
down €297,092 (-47.0%), from €631,767 to €334,675
- Tax, wage and social debts -€122,431
down €122,431 (-52.2%), from €234,544 to €112,113
of which Taxes: -€121,240
- Trade debts -€117,305
down €117,305 (-8.1%), from €1.4m to €1.3m
- Reserves +€100,000
up €100,000 (+7.5%), from €1.3m to €1.4m
of which Distributable reserves: +€100,000
- Advances received +€72,130
new in 2025: €72,130
Income statement
- Turnover -€31.7m
no longer reported in 2025 (was €31.7m)
- Goods and materials -€28.0m
no longer reported in 2025 (was €28.0m)
of which Purchases: -€28.0m
- Gross operating margin +€2.2m
new in 2025: €2.2m
- Services and other goods -€1.5m
no longer reported in 2025 (was €1.5m)
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
€433,300
Turnover
-€31.7m
Other operating income
-€157,292
Goods and materials
+€28.0m
Services and other goods
+€1.5m
Staff costs
+€22,610
Depreciation
-€43,797
Write-downs
-€3,274
Other operating charges
-€24,034
Other operating items
+€2.1m
Financial income
+€2,840
Financial charges
+€26,495
Taxes
+€47,293
Result 2025
€335,865
Cash bridge derived
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
+€578,554
Investment
-€237,380
Financing
-€543,966
Cash 2024
€279,916
From operations (derived)
+€578,554
Net result for the year
+€335,865
Depreciation
+€462,599
Stocks and contracts
-€295,658
Receivables within one year
+€239,621
Deferred charges and accrued income
+€50,968
Trade debts
-€117,305
Tax, wage and social debts
-€122,431
Advances received
+€72,130
Other debts
-€22,414
Accrued charges and deferred income
-€24,822
Investment (derived)
-€237,380
Investment in fixed assets (net)
-€237,380
Financing
-€543,966
Debts after one year
-€297,092
Current portion of long-term debt
-€36,009
Contributions, distributions and other
-€210,865
Cash 2025
€77,125
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,715,350 | €4,292,407 | -€422,942 | -9.0% |
| Fixed assets | 21/28 | €1,635,729 | €1,410,509 | -€225,220 | -13.8% |
| Tangible fixed assets | 22/27 | €1,628,440 | €1,403,220 | -€225,220 | -13.8% |
| Land and buildings | 22 | €70,262 | €69,345 | -€917 | -1.3% |
| Plant, machinery and equipment | 23 | €336,888 | €272,951 | -€63,937 | -19.0% |
| Furniture and vehicles | 24 | €853,555 | €745,546 | -€108,010 | -12.7% |
| Leasing and similar rights | 25 | €59,854 | €41,245 | -€18,609 | -31.1% |
| Other tangible fixed assets | 26 | €307,882 | €274,134 | -€33,748 | -11.0% |
| Financial fixed assets | 28 | €7,289 | €7,289 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,289 | - | -€7,289 | |
| Amounts receivable and cash guarantees | 285/8 | €7,289 | - | -€7,289 | |
| Current assets | 29/58 | €3,079,621 | €2,881,898 | -€197,723 | -6.4% |
| Stocks and contracts in progress | 3 | €969,448 | €1,265,106 | +€295,658 | +30.5% |
| Stocks | 30/36 | €969,448 | €1,265,106 | +€295,658 | +30.5% |
| Goods purchased for resale | 34 | €969,448 | - | -€969,448 | |
| Amounts receivable within one year | 40/41 | €1,755,957 | €1,516,336 | -€239,621 | -13.6% |
| Trade receivables | 40 | €1,732,831 | €1,309,952 | -€422,880 | -24.4% |
| Other amounts receivable | 41 | €23,126 | €206,384 | +€183,258 | +792.4% |
| Cash at bank and in hand | 54/58 | €279,916 | €77,125 | -€202,791 | -72.4% |
| Deferred charges and accrued income | 490/1 | €74,299 | €23,332 | -€50,968 | -68.6% |
| Total equity and liabilities | 10/49 | €4,715,350 | €4,292,407 | -€422,942 | -9.0% |
| Equity | 10/15 | €1,600,000 | €1,725,000 | +€125,000 | +7.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,325,000 | €1,425,000 | +€100,000 | +7.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €1,297,521 | €1,397,521 | +€100,000 | +7.7% |
| Profit (loss) carried forward | 14 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Provisions and deferred taxes | 16 | €173,802 | €173,802 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €173,802 | €173,802 | = | 0.0% |
| Major repairs and maintenance | 162 | €173,802 | €173,802 | = | 0.0% |
| Amounts payable | 17/49 | €2,941,548 | €2,393,605 | -€547,942 | -18.6% |
| Amounts payable after more than one year | 17 | €631,767 | €334,675 | -€297,092 | -47.0% |
| Financial debts | 170/4 | €631,767 | €334,675 | -€297,092 | -47.0% |
| Leasing and similar obligations | 172 | €28,537 | - | -€28,537 | |
| Credit institutions | 173 | €603,231 | - | -€603,231 | |
| Amounts payable within one year | 42/48 | €2,259,633 | €2,033,604 | -€226,029 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €345,128 | €309,119 | -€36,009 | -10.4% |
| Trade debts | 44 | €1,446,661 | €1,329,356 | -€117,305 | -8.1% |
| Suppliers | 440/4 | €1,446,661 | €1,329,356 | -€117,305 | -8.1% |
| Advances received on contracts in progress | 46 | - | €72,130 | +€72,130 | |
| Taxes, remuneration and social security | 45 | €234,544 | €112,113 | -€122,431 | -52.2% |
| Taxes | 450/3 | €128,499 | €7,258 | -€121,240 | -94.4% |
| Remuneration and social security | 454/9 | €106,045 | €104,855 | -€1,191 | -1.1% |
| Other amounts payable | 47/48 | €233,300 | €210,887 | -€22,414 | -9.6% |
| Accrued charges and deferred income | 492/3 | €50,148 | €25,326 | -€24,822 | -49.5% |
| Operating income | 70/76A | €31,859,404 | - | -€31.9m | |
| Turnover | 70 | €31,699,525 | - | -€31.7m | |
| Other operating income | 74 | €157,292 | - | -€157,292 | |
| Non-recurring operating income | 76A | €2,587 | €1,284 | -€1,303 | -50.4% |
| Operating charges | 60/66A | €31,184,065 | - | -€31.2m | |
| Goods for resale, raw materials and consumables | 60 | €28,036,914 | - | -€28.0m | |
| Purchases | 600/8 | €27,993,875 | - | -€28.0m | |
| Change in stocks: decrease (increase) | 609 | €43,039 | - | -€43,039 | |
| Services and other goods | 61 | €1,544,910 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €1,160,494 | €1,137,884 | -€22,610 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418,802 | €462,599 | +€43,797 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,602 | -€3,329 | +€3,274 | +49.6% |
| Other operating charges | 640/8 | €29,038 | €53,072 | +€24,034 | +82.8% |
| Non-recurring operating charges | 66A | €508 | €7,603 | +€7,095 | +1395.8% |
| Gross operating margin | 9900 | - | €2,159,105 | +€2.2m | |
| Operating profit (loss) | 9901 | €675,340 | €501,276 | -€174,064 | -25.8% |
| Financial income | 75/76B | €2,705 | €5,545 | +€2,840 | +105.0% |
| Recurring financial income | 75 | €2,705 | €5,545 | +€2,840 | +105.0% |
| Income from current assets | 751 | €569 | - | -€569 | |
| Other financial income | 752/9 | €2,136 | - | -€2,136 | |
| Financial charges | 65/66B | €81,627 | €55,132 | -€26,495 | -32.5% |
| Recurring financial charges | 65 | €81,627 | €55,132 | -€26,495 | -32.5% |
| Debt charges | 650 | €38,535 | - | -€38,535 | |
| Other financial charges | 652/9 | €43,093 | - | -€43,093 | |
| Profit (loss) for the period before taxes | 9903 | €596,417 | €451,689 | -€144,728 | -24.3% |
| Income taxes | 67/77 | €163,117 | €115,824 | -€47,293 | -29.0% |
| Taxes | 670/3 | €163,117 | - | -€163,117 | |
| Profit (loss) for the period | 9904 | €433,300 | €335,865 | -€97,435 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €433,300 | €335,865 | -€97,435 | -22.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.