JOTUNHEIM: 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.
JOTUNHEIM
Largest movements
- Tangible fixed assets -€21,782
down €21,782 (-10.2%), from €212,720 to €190,938
of which Other tangible fixed assets: -€22,420
- Cash +€4,603
up €4,603 (+28.5%), from €16,148 to €20,751
mainly Other debts (+€51,377) and Depreciation (+€29,271)
- Other debts +€51,377
up €51,377 (+1,437%), from €3,576 to €54,953
- Profit (loss) carried forward -€47,968
down €47,968 (-69.8%), from €68,738 to €20,770
- Short-term financial debts +€25,193
new in 2025: €25,193
- Current portion of long-term debt -€24,131
no longer reported in 2025 (was €24,131)
- Debts after one year -€23,015
down €23,015 (-16.2%), from €141,764 to €118,749
- Gross operating margin +€1,738
up €1,738 (+2.8%), from €62,583 to €64,321
- Depreciation +€1,522
up €1,522 (+5.5%), from €27,748 to €29,271
- Financial charges -€1,063
down €1,063 (-12.5%), from €8,487 to €7,424
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.
Derived cash bridge
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 | €255,725 | €238,454 | -€17,271 | -6.8% |
| Fixed assets | 21/28 | €219,093 | €195,719 | -€23,374 | -10.7% |
| Intangible fixed assets | 21 | €6,373 | €4,781 | -€1,592 | -25.0% |
| Tangible fixed assets | 22/27 | €212,720 | €190,938 | -€21,782 | -10.2% |
| Plant, machinery and equipment | 23 | €1,621 | €2,258 | +€637 | +39.3% |
| Other tangible fixed assets | 26 | €211,099 | €188,679 | -€22,420 | -10.6% |
| Current assets | 29/58 | €36,633 | €42,736 | +€6,103 | +16.7% |
| Amounts receivable within one year | 40/41 | €20,374 | €21,871 | +€1,497 | +7.3% |
| Trade receivables | 40 | €20,328 | €21,871 | +€1,542 | +7.6% |
| Other amounts receivable | 41 | €46 | - | -€46 | |
| Cash at bank and in hand | 54/58 | €16,148 | €20,751 | +€4,603 | +28.5% |
| Deferred charges and accrued income | 490/1 | €110 | €114 | +€3 | +3.1% |
| Total equity and liabilities | 10/49 | €255,725 | €238,454 | -€17,271 | -6.8% |
| Equity | 10/15 | €71,238 | €23,270 | -€47,968 | -67.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,738 | €20,770 | -€47,968 | -69.8% |
| Amounts payable | 17/49 | €184,487 | €215,184 | +€30,697 | +16.6% |
| Amounts payable after more than one year | 17 | €141,764 | €118,749 | -€23,015 | -16.2% |
| Financial debts | 170/4 | €141,764 | €118,749 | -€23,015 | -16.2% |
| Amounts payable within one year | 42/48 | €42,657 | €96,368 | +€53,711 | +126% |
| Current portion of amounts payable after more than one year | 42 | €24,131 | - | -€24,131 | |
| Financial debts | 43 | - | €25,193 | +€25,193 | |
| Credit institutions | 430/8 | - | €25,193 | +€25,193 | |
| Trade debts | 44 | €773 | €850 | +€77 | +10.0% |
| Suppliers | 440/4 | €773 | €850 | +€77 | +10.0% |
| Taxes, remuneration and social security | 45 | €14,178 | €15,372 | +€1,194 | +8.4% |
| Taxes | 450/3 | €14,178 | €15,372 | +€1,194 | +8.4% |
| Other amounts payable | 47/48 | €3,576 | €54,953 | +€51,377 | +1,437% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,748 | €29,271 | +€1,522 | +5.5% |
| Other operating charges | 640/8 | €785 | €809 | +€23 | +3.0% |
| Gross operating margin | 9900 | €62,583 | €64,321 | +€1,738 | +2.8% |
| Operating profit (loss) | 9901 | €34,050 | €34,242 | +€192 | +0.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €8,487 | €7,424 | -€1,063 | -12.5% |
| Recurring financial charges | 65 | €8,487 | €7,424 | -€1,063 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €25,568 | €26,818 | +€1,250 | +4.9% |
| Income taxes | 67/77 | €5,496 | €6,048 | +€552 | +10.0% |
| Profit (loss) for the period | 9904 | €20,071 | €20,770 | +€699 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,071 | €20,770 | +€699 | +3.5% |
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 14 October 2026 via checked.be.