JOASSIN TANKING: 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.
JOASSIN TANKING
Largest movements
- Cash -€657,133
down €657,133 (-89.6%), from €733,573 to €76,440
mainly Trade debts (-€1.2m) and Debts after one year (-€166,661)
- Receivables within one year -€225,285
down €225,285 (-10.3%), from €2.2m to €2.0m
of which Trade receivables: -€457,372
- Tangible fixed assets -€146,666
down €146,666 (-8.7%), from €1.7m to €1.5m
- Stocks and contracts -€110,910
down €110,910 (-30.4%), from €365,340 to €254,430
- Trade debts -€1.2m
down €1.2m (-42.3%), from €2.7m to €1.6m
- Debts after one year -€166,661
down €166,661 (-17.8%), from €937,550 to €770,889
- Other debts +€137,834
up €137,834 (+2564.3%), from €5,375 to €143,209
- Gross operating margin +€186,707
up €186,707 (+98.4%), from €189,680 to €376,387
- Taxes +€47,104
new in 2025: €47,104
- Financial charges -€39,695
down €39,695 (-54.1%), from €73,310 to €33,615
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,009,628 | €3,858,200 | -€1.2m | -23.0% |
| Fixed assets | 21/28 | €1,694,474 | €1,547,808 | -€146,666 | -8.7% |
| Tangible fixed assets | 22/27 | €1,694,474 | €1,547,808 | -€146,666 | -8.7% |
| Plant, machinery and equipment | 23 | €1,694,474 | €1,547,808 | -€146,666 | -8.7% |
| Current assets | 29/58 | €3,315,154 | €2,310,392 | -€1.0m | -30.3% |
| Stocks and contracts in progress | 3 | €365,340 | €254,430 | -€110,910 | -30.4% |
| Stocks | 30/36 | €365,340 | €254,430 | -€110,910 | -30.4% |
| Amounts receivable within one year | 40/41 | €2,187,753 | €1,962,468 | -€225,285 | -10.3% |
| Trade receivables | 40 | €1,752,696 | €1,295,325 | -€457,372 | -26.1% |
| Other amounts receivable | 41 | €435,057 | €667,143 | +€232,087 | +53.3% |
| Cash at bank and in hand | 54/58 | €733,573 | €76,440 | -€657,133 | -89.6% |
| Deferred charges and accrued income | 490/1 | €28,489 | €17,055 | -€11,434 | -40.1% |
| Total equity and liabilities | 10/49 | €5,009,628 | €3,858,200 | -€1.2m | -23.0% |
| Equity | 10/15 | €1,177,714 | €1,200,000 | +€22,286 | +1.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €140,000 | +€25,000 | +21.7% |
| Non-distributable reserves | 130/1 | €29,884 | €29,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €29,884 | €29,884 | = | 0.0% |
| Distributable reserves | 133 | €85,116 | €110,116 | +€25,000 | +29.4% |
| Profit (loss) carried forward | 14 | €1,908 | €4,481 | +€2,573 | +134.9% |
| Investment grants | 15 | €60,806 | €55,519 | -€5,288 | -8.7% |
| Amounts payable | 17/49 | €3,831,914 | €2,658,200 | -€1.2m | -30.6% |
| Amounts payable after more than one year | 17 | €937,550 | €770,889 | -€166,661 | -17.8% |
| Financial debts | 170/4 | €937,550 | €770,889 | -€166,661 | -17.8% |
| Amounts payable within one year | 42/48 | €2,893,690 | €1,887,251 | -€1.0m | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €166,661 | €166,661 | = | 0.0% |
| Trade debts | 44 | €2,721,654 | €1,570,276 | -€1.2m | -42.3% |
| Suppliers | 440/4 | €2,721,654 | €1,570,276 | -€1.2m | -42.3% |
| Taxes, remuneration and social security | 45 | - | €7,104 | +€7,104 | |
| Taxes | 450/3 | - | €7,104 | +€7,104 | |
| Other amounts payable | 47/48 | €5,375 | €143,209 | +€137,834 | +2564.3% |
| Accrued charges and deferred income | 492/3 | €674 | €60 | -€613 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,666 | €146,666 | = | 0.0% |
| Other operating charges | 640/8 | €1,534 | €1,589 | +€55 | +3.6% |
| Non-recurring operating charges | 66A | €625 | - | -€625 | |
| Gross operating margin | 9900 | €189,680 | €376,387 | +€186,707 | +98.4% |
| Operating profit (loss) | 9901 | €40,855 | €228,132 | +€187,277 | +458.4% |
| Financial income | 75/76B | €15,457 | €17,995 | +€2,538 | +16.4% |
| Recurring financial income | 75 | €15,457 | €17,995 | +€2,538 | +16.4% |
| Financial charges | 65/66B | €73,310 | €33,615 | -€39,695 | -54.1% |
| Recurring financial charges | 65 | €73,310 | €33,615 | -€39,695 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,998 | €212,511 | +€229,510 | |
| Income taxes | 67/77 | - | €47,104 | +€47,104 | |
| Profit (loss) for the period | 9904 | -€16,998 | €165,407 | +€182,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,998 | €165,407 | +€182,405 |
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 12 October 2026 via checked.be.