JOHAN: 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.
JOHAN
Largest movements
- Cash -€56,290
down €56,290 (-28.2%), from €199,319 to €143,029
mainly Debts after one year (-€223,516) and Current portion of long-term debt (-€9,534)
- Tangible fixed assets -€36,409
down €36,409 (-28.8%), from €126,518 to €90,109
of which Land and buildings: -€40,503
- Stocks and contracts -€18,935
no longer reported in 2024 (was €18,935)
- Receivables within one year -€16,580
down €16,580 (-22.2%), from €74,742 to €58,162
of which Trade receivables: -€11,894
- Debts after one year -€223,516
down €223,516 (-66.6%), from €335,420 to €111,904
- Profit (loss) carried forward +€100,504
up €100,504 (+62.7%), from -€160,259 to -€59,755
- Trade debts +€10,500
up €10,500 (+5.7%), from €183,039 to €193,538
- Current portion of long-term debt -€9,534
down €9,534 (-25.9%), from €36,856 to €27,323
- Tax, wage and social debts -€6,168
no longer reported in 2024 (was €6,168)
of which Remuneration and social security: -€5,281
- Gross operating margin +€128,198
up €128,198 (+384.7%), from €33,322 to €161,520
- Staff costs +€24,541
up €24,541 (+334.2%), from €7,344 to €31,885
- Financial charges -€5,249
down €5,249 (-67.9%), from €7,727 to €2,479
- Depreciation -€4,127
down €4,127 (-38.1%), from €10,822 to €6,694
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,824 | €291,610 | -€128,214 | -30.5% |
| Fixed assets | 21/28 | €126,827 | €90,418 | -€36,409 | -28.7% |
| Tangible fixed assets | 22/27 | €126,518 | €90,109 | -€36,409 | -28.8% |
| Land and buildings | 22 | €117,508 | €77,005 | -€40,503 | -34.5% |
| Furniture and vehicles | 24 | €9,010 | €6,044 | -€2,966 | -32.9% |
| Assets under construction and advance payments | 27 | - | €7,060 | +€7,060 | |
| Financial fixed assets | 28 | €309 | €309 | = | 0.0% |
| Current assets | 29/58 | €292,997 | €201,191 | -€91,805 | -31.3% |
| Stocks and contracts in progress | 3 | €18,935 | - | -€18,935 | |
| Stocks | 30/36 | €18,935 | - | -€18,935 | |
| Amounts receivable within one year | 40/41 | €74,742 | €58,162 | -€16,580 | -22.2% |
| Trade receivables | 40 | €67,914 | €56,020 | -€11,894 | -17.5% |
| Other amounts receivable | 41 | €6,828 | €2,142 | -€4,686 | -68.6% |
| Cash at bank and in hand | 54/58 | €199,319 | €143,029 | -€56,290 | -28.2% |
| Total equity and liabilities | 10/49 | €419,824 | €291,610 | -€128,214 | -30.5% |
| Equity | 10/15 | -€141,659 | -€41,155 | +€100,504 | +70.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,259 | -€59,755 | +€100,504 | +62.7% |
| Amounts payable | 17/49 | €561,483 | €332,765 | -€228,718 | -40.7% |
| Amounts payable after more than one year | 17 | €335,420 | €111,904 | -€223,516 | -66.6% |
| Financial debts | 170/4 | €335,420 | €111,904 | -€223,516 | -66.6% |
| Amounts payable within one year | 42/48 | €226,063 | €220,861 | -€5,202 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €36,856 | €27,323 | -€9,534 | -25.9% |
| Trade debts | 44 | €183,039 | €193,538 | +€10,500 | +5.7% |
| Suppliers | 440/4 | €183,039 | €193,538 | +€10,500 | +5.7% |
| Taxes, remuneration and social security | 45 | €6,168 | - | -€6,168 | |
| Taxes | 450/3 | €886 | - | -€886 | |
| Remuneration and social security | 454/9 | €5,281 | - | -€5,281 | |
| Remuneration, social security and pensions | 62 | €7,344 | €31,885 | +€24,541 | +334.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,822 | €6,694 | -€4,127 | -38.1% |
| Other operating charges | 640/8 | €10,008 | €9,236 | -€772 | -7.7% |
| Non-recurring operating charges | 66A | - | €10,892 | +€10,892 | |
| Gross operating margin | 9900 | €33,322 | €161,520 | +€128,198 | +384.7% |
| Operating profit (loss) | 9901 | €5,149 | €102,813 | +€97,665 | +1896.9% |
| Financial income | 75/76B | €794 | €518 | -€276 | -34.8% |
| Recurring financial income | 75 | €794 | €518 | -€276 | -34.8% |
| Financial charges | 65/66B | €7,727 | €2,479 | -€5,249 | -67.9% |
| Recurring financial charges | 65 | €7,727 | €2,479 | -€5,249 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,785 | €100,853 | +€102,637 | |
| Income taxes | 67/77 | - | €349 | +€349 | |
| Profit (loss) for the period | 9904 | -€1,785 | €100,504 | +€102,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,785 | €100,504 | +€102,288 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.