JOASSIN-DAVIDTS: what changed
JOASSIN-DAVIDTS
Largest movements
- Receivables within one year -€217,428
down €217,428 (-45.0%), from €483,016 to €265,588
of which Other amounts receivable: -€279,498
- Cash -€46,366
down €46,366 (-29.9%), from €155,181 to €108,815
mainly Contributions, distributions and other (-€420,598) and Investment in fixed assets (net) (-€50,047)
- Stocks and contracts +€37,633
up €37,633 (+61.6%), from €61,142 to €98,774
- Tangible fixed assets +€13,858
up €13,858 (+10.9%), from €127,495 to €141,354
of which Furniture and vehicles: +€23,796
- Profit (loss) carried forward -€337,035
down €337,035 (-73.0%), from €461,611 to €124,577
- Trade debts +€148,953
up €148,953 (+179%), from €83,237 to €232,189
- Provisions -€45,199
down €45,199 (-31.1%), from €145,266 to €100,066
of which Provisions for liabilities and charges: -€45,000
- Tax, wage and social debts +€42,129
up €42,129 (+71.5%), from €58,950 to €101,078
of which Taxes: +€33,507
- Accrued charges and deferred income -€32,636
down €32,636 (-87.4%), from €37,350 to €4,714
- Gross operating margin -€134,535
down €134,535 (-16.3%), from €825,046 to €690,512
- Staff costs +€57,795
up €57,795 (+10.9%), from €531,070 to €588,865
- Provisions -€45,000
new in 2025: -€45,000
- Taxes -€33,667
down €33,667 (-50.5%), from €66,671 to €33,004
- Write-downs -€13,438
down €13,438 (-88.5%), from €15,176 to €1,738
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €830,823 | €616,281 | -€214,543 | -25.8% |
| Fixed assets | 21/28 | €130,093 | €141,354 | +€11,260 | +8.7% |
| Tangible fixed assets | 22/27 | €127,495 | €141,354 | +€13,858 | +10.9% |
| Land and buildings | 22 | €52,190 | €46,711 | -€5,479 | -10.5% |
| Plant, machinery and equipment | 23 | €2,823 | €993 | -€1,830 | -64.8% |
| Furniture and vehicles | 24 | €61,710 | €85,506 | +€23,796 | +38.6% |
| Other tangible fixed assets | 26 | €10,773 | €8,144 | -€2,629 | -24.4% |
| Financial fixed assets | 28 | €2,598 | - | -€2,598 | |
| Current assets | 29/58 | €700,730 | €474,927 | -€225,803 | -32.2% |
| Stocks and contracts in progress | 3 | €61,142 | €98,774 | +€37,633 | +61.6% |
| Stocks | 30/36 | €61,142 | €98,774 | +€37,633 | +61.6% |
| Amounts receivable within one year | 40/41 | €483,016 | €265,588 | -€217,428 | -45.0% |
| Trade receivables | 40 | €174,578 | €236,647 | +€62,070 | +35.6% |
| Other amounts receivable | 41 | €308,438 | €28,941 | -€279,498 | -90.6% |
| Cash at bank and in hand | 54/58 | €155,181 | €108,815 | -€46,366 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,391 | €1,750 | +€359 | +25.8% |
| Total equity and liabilities | 10/49 | €830,823 | €616,281 | -€214,543 | -25.8% |
| Equity | 10/15 | €482,860 | €145,227 | -€337,632 | -69.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,611 | €124,577 | -€337,035 | -73.0% |
| Investment grants | 15 | €797 | €199 | -€598 | -75.0% |
| Provisions and deferred taxes | 16 | €145,266 | €100,066 | -€45,199 | -31.1% |
| Provisions for liabilities and charges | 160/5 | €145,000 | €100,000 | -€45,000 | -31.0% |
| Environmental obligations | 163 | €145,000 | €100,000 | -€45,000 | -31.0% |
| Deferred taxes | 168 | €266 | €66 | -€199 | -75.0% |
| Amounts payable | 17/49 | €202,698 | €370,987 | +€168,289 | +83.0% |
| Amounts payable after more than one year | 17 | €4,211 | €20,736 | +€16,525 | +392% |
| Financial debts | 170/4 | €4,211 | €20,736 | +€16,525 | +392% |
| Amounts payable within one year | 42/48 | €161,137 | €345,537 | +€184,400 | +114% |
| Current portion of amounts payable after more than one year | 42 | €16,977 | €9,122 | -€7,856 | -46.3% |
| Trade debts | 44 | €83,237 | €232,189 | +€148,953 | +179% |
| Suppliers | 440/4 | €83,237 | €232,189 | +€148,953 | +179% |
| Taxes, remuneration and social security | 45 | €58,950 | €101,078 | +€42,129 | +71.5% |
| Taxes | 450/3 | €39,097 | €72,605 | +€33,507 | +85.7% |
| Remuneration and social security | 454/9 | €19,852 | €28,474 | +€8,621 | +43.4% |
| Other amounts payable | 47/48 | €1,973 | €3,148 | +€1,175 | +59.5% |
| Accrued charges and deferred income | 492/3 | €37,350 | €4,714 | -€32,636 | -87.4% |
| Non-recurring operating income | 76A | - | €6,131 | +€6,131 | |
| Remuneration, social security and pensions | 62 | €531,070 | €588,865 | +€57,795 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,395 | €38,787 | -€2,609 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,176 | €1,738 | -€13,438 | -88.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€45,000 | -€45,000 | |
| Other operating charges | 640/8 | €4,376 | €4,406 | +€30 | +0.7% |
| Gross operating margin | 9900 | €825,046 | €690,512 | -€134,535 | -16.3% |
| Operating profit (loss) | 9901 | €233,029 | €101,716 | -€131,313 | -56.4% |
| Financial income | 75/76B | €11,615 | €14,966 | +€3,352 | +28.9% |
| Recurring financial income | 75 | €11,615 | €14,966 | +€3,352 | +28.9% |
| Financial charges | 65/66B | €1,133 | €713 | -€420 | -37.0% |
| Recurring financial charges | 65 | €1,133 | €713 | -€420 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €243,511 | €115,969 | -€127,542 | -52.4% |
| Income taxes | 67/77 | €66,671 | €33,004 | -€33,667 | -50.5% |
| Profit (loss) for the period | 9904 | €176,841 | €82,965 | -€93,875 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €176,841 | €82,965 | -€93,875 | -53.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.