Jotun: 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.
Jotun
Largest movements
- Tangible fixed assets -€31,100
down €31,100 (-17.4%), from €178,271 to €147,171
of which Furniture and vehicles: -€19,259
- Cash -€10,629
down €10,629 (-10.2%), from €103,705 to €93,076
mainly Net result for the year (-€55,989) and Debts after one year (-€21,657)
- Receivables within one year -€7,966
down €7,966 (-3.2%), from €246,001 to €238,035
of which Trade receivables: -€11,592
- Reserves -€55,989
down €55,989 (-14.3%), from €392,711 to €336,722
of which Distributable reserves: -€55,989
- Debts after one year -€21,657
down €21,657 (-70.4%), from €30,756 to €9,099
- Other debts +€20,871
up €20,871 (+26.9%), from €77,657 to €98,528
- Trade debts +€6,827
new in 2023: €6,827
- Gross operating margin -€43,741
down €43,741, from €20,546 to -€23,195
- Financial charges -€311
down €311 (-26.5%), from €1,172 to €861
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,227 | €481,532 | -€49,695 | -9.4% |
| Fixed assets | 21/28 | €178,271 | €147,171 | -€31,100 | -17.4% |
| Tangible fixed assets | 22/27 | €178,271 | €147,171 | -€31,100 | -17.4% |
| Land and buildings | 22 | €76,985 | €75,032 | -€1,953 | -2.5% |
| Plant, machinery and equipment | 23 | €32,203 | €22,315 | -€9,888 | -30.7% |
| Furniture and vehicles | 24 | €69,083 | €49,824 | -€19,259 | -27.9% |
| Current assets | 29/58 | €352,956 | €334,361 | -€18,595 | -5.3% |
| Amounts receivable after more than one year | 29 | €3,250 | €3,250 | = | 0.0% |
| Other amounts receivable | 291 | €3,250 | €3,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €246,001 | €238,035 | -€7,966 | -3.2% |
| Trade receivables | 40 | €44,016 | €32,424 | -€11,592 | -26.3% |
| Other amounts receivable | 41 | €201,985 | €205,611 | +€3,626 | +1.8% |
| Cash at bank and in hand | 54/58 | €103,705 | €93,076 | -€10,629 | -10.2% |
| Total equity and liabilities | 10/49 | €531,227 | €481,532 | -€49,695 | -9.4% |
| Equity | 10/15 | €398,911 | €342,922 | -€55,989 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €392,711 | €336,722 | -€55,989 | -14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €372,251 | €316,262 | -€55,989 | -15.0% |
| Amounts payable | 17/49 | €132,316 | €138,610 | +€6,294 | +4.8% |
| Amounts payable after more than one year | 17 | €30,756 | €9,099 | -€21,657 | -70.4% |
| Financial debts | 170/4 | €30,756 | €9,099 | -€21,657 | -70.4% |
| Amounts payable within one year | 42/48 | €101,560 | €129,511 | +€27,951 | +27.5% |
| Financial debts | 43 | €21,403 | €21,656 | +€253 | +1.2% |
| Credit institutions | 430/8 | €21,403 | €21,656 | +€253 | +1.2% |
| Trade debts | 44 | - | €6,827 | +€6,827 | |
| Suppliers | 440/4 | - | €6,827 | +€6,827 | |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Taxes | 450/3 | €292 | €257 | -€35 | -12.0% |
| Remuneration and social security | 454/9 | €2,208 | €2,243 | +€35 | +1.6% |
| Other amounts payable | 47/48 | €77,657 | €98,528 | +€20,871 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,018 | €31,100 | +€82 | +0.3% |
| Other operating charges | 640/8 | €749 | €833 | +€84 | +11.2% |
| Non-recurring operating charges | 66A | €3,200 | - | -€3,200 | |
| Gross operating margin | 9900 | €20,546 | -€23,195 | -€43,741 | |
| Operating profit (loss) | 9901 | -€14,421 | -€55,128 | -€40,707 | -282.3% |
| Financial charges | 65/66B | €1,172 | €861 | -€311 | -26.5% |
| Recurring financial charges | 65 | €1,172 | €861 | -€311 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,593 | -€55,989 | -€40,396 | -259.1% |
| Profit (loss) for the period | 9904 | -€15,593 | -€55,989 | -€40,396 | -259.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,593 | -€55,989 | -€40,396 | -259.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.