JOHNSON CONTROLS: 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
JOHNSON CONTROLS
NACE 46.647, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.3m
2024 · €4.4m-€8.7m
Equity
€12.1m
2024 · €16.4m-€4.3m
Cash
€34.5m
2024 · €17.6m+€16.9m
Balance sheet total
€86.4m
2024 · €107.4m-€21.0m
Largest movements
Assets
- Receivables within one year -€34.4m
down €34.4m (-46.4%), from €74.2m to €39.8m
of which Other amounts receivable: -€30.6m
- Cash +€16.9m
up €16.9m (+96.4%), from €17.6m to €34.5m
mainly Receivables within one year (+€34.4m) and Stocks and contracts (+€3.6m)
- Stocks and contracts -€3.6m
down €3.6m (-29.1%), from €12.4m to €8.8m
of which Contracts in progress: -€2.2m
Equity and liabilities
- Other debts -€18.6m
down €18.6m (-27.7%), from €67.0m to €48.4m
- Profit (loss) carried forward -€4.3m
down €4.3m (-15.5%), from -€27.7m to -€32.0m
- Trade debts +€2.3m
up €2.3m (+50.3%), from €4.6m to €6.9m
- Tax, wage and social debts -€1.2m
down €1.2m (-14.1%), from €8.3m to €7.1m
of which Remuneration and social security: -€712,524
Income statement
- Turnover -€5.9m
down €5.9m (-6.3%), from €93.4m to €87.5m
- Goods and materials -€4.1m
down €4.1m (-6.3%), from €65.3m to €61.2m
of which Purchases: -€4.6m
- Other operating income -€2.8m
down €2.8m (-45.2%), from €6.3m to €3.4m
- Financial income -€2.2m
down €2.2m (-49.2%), from €4.6m to €2.3m
- Services and other goods +€1.8m
up €1.8m (+9.7%), from €18.8m to €20.6m
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
€4.4m
Turnover
-€5.9m
Other operating income
-€2.8m
Goods and materials
+€4.1m
Services and other goods
-€1.8m
Staff costs
+€884,046
Depreciation
+€20,067
Write-downs
+€270,500
Other operating charges
+€562,322
Other operating items
-€3.3m
Financial income
-€2.2m
Financial charges
+€1.4m
Taxes
+€163,253
Result 2025
-€4.3m
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
+€17.1m
Investment
-€159,896
Financing
+€0
Cash 2024
€17.6m
From operations (derived)
+€17.1m
Net result for the year
-€4.3m
Depreciation
+€205,487
Stocks and contracts
+€3.6m
Receivables within one year
+€34.4m
Deferred charges and accrued income
-€114,563
Provisions
+€124,334
Trade debts
+€2.3m
Tax, wage and social debts
-€1.2m
Advances received
-€14,168
Other debts
-€18.6m
Accrued charges and deferred income
+€593,814
Investment (derived)
-€159,896
Investment in fixed assets (net)
-€159,896
Financing
+€0
Contributions, distributions and other
+€0
Cash 2025
€34.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,369,903 | €86,354,807 | -€21.0m | -19.6% |
| Fixed assets | 21/28 | €2,757,261 | €2,711,670 | -€45,591 | -1.7% |
| Intangible fixed assets | 21 | €13,099 | €13,099 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €807,436 | €761,845 | -€45,591 | -5.6% |
| Land and buildings | 22 | €28,647 | €57,538 | +€28,891 | +100.9% |
| Plant, machinery and equipment | 23 | €611,667 | €609,251 | -€2,416 | -0.4% |
| Furniture and vehicles | 24 | €33,870 | €20,368 | -€13,502 | -39.9% |
| Other tangible fixed assets | 26 | €132,952 | €74,688 | -€58,264 | -43.8% |
| Assets under construction and advance payments | 27 | €300 | €0 | -€300 | -100.0% |
| Financial fixed assets | 28 | €1,936,726 | €1,936,726 | = | 0.0% |
| Affiliated companies | 280/1 | €1,936,726 | €1,936,726 | = | 0.0% |
| Participating interests | 280 | €1,936,726 | €1,936,726 | = | 0.0% |
| Current assets | 29/58 | €104,612,642 | €83,643,137 | -€21.0m | -20.0% |
| Stocks and contracts in progress | 3 | €12,360,677 | €8,765,656 | -€3.6m | -29.1% |
| Stocks | 30/36 | €3,475,772 | €2,103,283 | -€1.4m | -39.5% |
| Raw materials and consumables | 30/31 | €3,475,772 | €2,103,283 | -€1.4m | -39.5% |
| Contracts in progress | 37 | €8,884,905 | €6,662,373 | -€2.2m | -25.0% |
| Amounts receivable within one year | 40/41 | €74,190,265 | €39,754,170 | -€34.4m | -46.4% |
| Trade receivables | 40 | €16,894,234 | €13,023,403 | -€3.9m | -22.9% |
| Other amounts receivable | 41 | €57,296,031 | €26,730,767 | -€30.6m | -53.3% |
| Cash at bank and in hand | 54/58 | €17,576,394 | €34,523,442 | +€16.9m | +96.4% |
| Deferred charges and accrued income | 490/1 | €485,306 | €599,869 | +€114,563 | +23.6% |
| Total equity and liabilities | 10/49 | €107,369,903 | €86,354,807 | -€21.0m | -19.6% |
| Equity | 10/15 | €16,402,653 | €12,118,504 | -€4.3m | -26.1% |
| Contributions | 10/11 | €42,858,141 | €42,858,141 | +€0 | 0.0% |
| Reserves | 13 | €1,226,377 | €1,226,377 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €670,814 | €670,814 | = | 0.0% |
| Other | 1319 | €670,814 | €670,814 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,032 | €58,032 | +€0 | 0.0% |
| Distributable reserves | 133 | €497,531 | €497,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,681,865 | -€31,966,014 | -€4.3m | -15.5% |
| Provisions and deferred taxes | 16 | €330,108 | €454,442 | +€124,334 | +37.7% |
| Provisions for liabilities and charges | 160/5 | €330,108 | €454,442 | +€124,334 | +37.7% |
| Other liabilities and charges | 164/5 | €330,108 | €454,442 | +€124,334 | +37.7% |
| Amounts payable | 17/49 | €90,637,142 | €73,781,861 | -€16.9m | -18.6% |
| Amounts payable within one year | 42/48 | €90,613,816 | €73,164,721 | -€17.4m | -19.3% |
| Trade debts | 44 | €4,599,861 | €6,914,410 | +€2.3m | +50.3% |
| Suppliers | 440/4 | €4,599,861 | €6,914,410 | +€2.3m | +50.3% |
| Advances received on contracts in progress | 46 | €10,683,097 | €10,668,929 | -€14,168 | -0.1% |
| Taxes, remuneration and social security | 45 | €8,315,269 | €7,142,582 | -€1.2m | -14.1% |
| Taxes | 450/3 | €1,257,945 | €797,782 | -€460,163 | -36.6% |
| Remuneration and social security | 454/9 | €7,057,324 | €6,344,800 | -€712,524 | -10.1% |
| Other amounts payable | 47/48 | €67,015,589 | €48,438,800 | -€18.6m | -27.7% |
| Accrued charges and deferred income | 492/3 | €23,326 | €617,140 | +€593,814 | +2545.7% |
| Operating income | 70/76A | €126,695,769 | €115,433,886 | -€11.3m | -8.9% |
| Turnover | 70 | €93,372,670 | €87,506,479 | -€5.9m | -6.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €24,298,756 | €24,480,056 | +€181,300 | +0.7% |
| Other operating income | 74 | €6,290,024 | €3,447,351 | -€2.8m | -45.2% |
| Non-recurring operating income | 76A | €2,734,319 | €0 | -€2.7m | -100.0% |
| Operating charges | 60/66A | €122,586,940 | €119,311,407 | -€3.3m | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €65,319,558 | €61,216,971 | -€4.1m | -6.3% |
| Purchases | 600/8 | €65,630,119 | €61,021,070 | -€4.6m | -7.0% |
| Change in stocks: decrease (increase) | 609 | -€310,561 | €195,901 | +€506,462 | |
| Services and other goods | 61 | €18,778,220 | €20,600,160 | +€1.8m | +9.7% |
| Remuneration, social security and pensions | 62 | €31,623,702 | €30,739,656 | -€884,046 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,554 | €205,487 | -€20,067 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €282,237 | €11,737 | -€270,500 | -95.8% |
| Other operating charges | 640/8 | €4,288,577 | €3,726,256 | -€562,322 | -13.1% |
| Non-recurring operating charges | 66A | €2,069,092 | €2,811,140 | +€742,048 | +35.9% |
| Operating profit (loss) | 9901 | €4,108,829 | -€3,877,521 | -€8.0m | |
| Financial income | 75/76B | €4,562,014 | €2,318,664 | -€2.2m | -49.2% |
| Recurring financial income | 75 | €4,562,014 | €2,318,664 | -€2.2m | -49.2% |
| Income from current assets | 751 | €4,242,177 | €2,202,142 | -€2.0m | -48.1% |
| Other financial income | 752/9 | €319,837 | €116,522 | -€203,315 | -63.6% |
| Financial charges | 65/66B | €4,039,894 | €2,642,582 | -€1.4m | -34.6% |
| Recurring financial charges | 65 | €4,039,894 | €2,642,582 | -€1.4m | -34.6% |
| Debt charges | 650 | €3,675,529 | €2,023,419 | -€1.7m | -44.9% |
| Other financial charges | 652/9 | €364,365 | €619,163 | +€254,798 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €4,630,949 | -€4,201,439 | -€8.8m | |
| Income taxes | 67/77 | €245,963 | €82,710 | -€163,253 | -66.4% |
| Taxes | 670/3 | €245,963 | €82,710 | -€163,253 | -66.4% |
| Profit (loss) for the period | 9904 | €4,384,986 | -€4,284,149 | -€8.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €4,384,986 | -€4,284,149 | -€8.7m |
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 7 October 2026 via checked.be.