JÖTUNN: 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.
JÖTUNN
Largest movements
- Cash +€801,469
up €801,469 (+1458.0%), from €54,971 to €856,440
mainly Receivables within one year (+€697,945) and Net result for the year (+€350,899)
- Receivables within one year -€697,945
down €697,945 (-78.0%), from €894,664 to €196,719
of which Trade receivables: -€503,759
- Tangible fixed assets +€612,173
up €612,173 (+42.1%), from €1.5m to €2.1m
of which Leasing and similar rights: +€455,966
- Stocks and contracts +€127,905
up €127,905 (+177.6%), from €72,000 to €199,905
- Profit (loss) carried forward +€350,899
up €350,899 (+111.7%), from €314,168 to €665,067
- Debts after one year +€317,183
up €317,183 (+27.7%), from €1.1m to €1.5m
- Trade debts +€260,969
up €260,969 (+653.4%), from €39,938 to €300,907
- Short-term financial debts -€175,062
down €175,062 (-36.9%), from €475,062 to €300,000
- Tax, wage and social debts +€108,462
up €108,462 (+60.0%), from €180,636 to €289,098
of which Taxes: +€87,672
- Gross operating margin +€470,161
up €470,161 (+77.7%), from €605,269 to €1.1m
- Staff costs +€193,342
up €193,342 (+121.5%), from €159,114 to €352,456
- Depreciation +€127,875
up €127,875 (+684.2%), from €18,689 to €146,565
- Taxes +€46,236
up €46,236 (+55.0%), from €84,000 to €130,236
- Financial charges +€23,793
up €23,793 (+40.0%), from €59,515 to €83,308
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 | €2,499,205 | €3,342,668 | +€843,463 | +33.7% |
| Fixed assets | 21/28 | €1,456,359 | €2,068,179 | +€611,819 | +42.0% |
| Intangible fixed assets | 21 | €738 | €384 | -€354 | -48.0% |
| Tangible fixed assets | 22/27 | €1,455,622 | €2,067,795 | +€612,173 | +42.1% |
| Land and buildings | 22 | €1,366,202 | €1,509,789 | +€143,586 | +10.5% |
| Plant, machinery and equipment | 23 | €26,322 | €39,991 | +€13,669 | +51.9% |
| Furniture and vehicles | 24 | €2,476 | €1,428 | -€1,048 | -42.3% |
| Leasing and similar rights | 25 | €60,622 | €516,588 | +€455,966 | +752.2% |
| Current assets | 29/58 | €1,042,846 | €1,274,489 | +€231,644 | +22.2% |
| Amounts receivable after more than one year | 29 | €15,260 | €15,260 | = | 0.0% |
| Trade receivables | 290 | €15,260 | €15,260 | = | 0.0% |
| Stocks and contracts in progress | 3 | €72,000 | €199,905 | +€127,905 | +177.6% |
| Stocks | 30/36 | €72,000 | €199,905 | +€127,905 | +177.6% |
| Amounts receivable within one year | 40/41 | €894,664 | €196,719 | -€697,945 | -78.0% |
| Trade receivables | 40 | €700,478 | €196,719 | -€503,759 | -71.9% |
| Other amounts receivable | 41 | €194,186 | - | -€194,186 | |
| Cash at bank and in hand | 54/58 | €54,971 | €856,440 | +€801,469 | +1458.0% |
| Deferred charges and accrued income | 490/1 | €5,951 | €6,165 | +€214 | +3.6% |
| Total equity and liabilities | 10/49 | €2,499,205 | €3,342,668 | +€843,463 | +33.7% |
| Equity | 10/15 | €367,640 | €718,539 | +€350,899 | +95.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €33,021 | €33,021 | = | 0.0% |
| Distributable reserves | 133 | €33,021 | €33,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,168 | €665,067 | +€350,899 | +111.7% |
| Amounts payable | 17/49 | €2,131,565 | €2,624,129 | +€492,564 | +23.1% |
| Amounts payable after more than one year | 17 | €1,144,396 | €1,461,579 | +€317,183 | +27.7% |
| Financial debts | 170/4 | €1,144,396 | €1,461,579 | +€317,183 | +27.7% |
| Amounts payable within one year | 42/48 | €987,169 | €1,162,550 | +€175,381 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €100,804 | €182,750 | +€81,946 | +81.3% |
| Financial debts | 43 | €475,062 | €300,000 | -€175,062 | -36.9% |
| Credit institutions | 430/8 | €475,062 | €300,000 | -€175,062 | -36.9% |
| Trade debts | 44 | €39,938 | €300,907 | +€260,969 | +653.4% |
| Suppliers | 440/4 | €39,938 | €300,907 | +€260,969 | +653.4% |
| Taxes, remuneration and social security | 45 | €180,636 | €289,098 | +€108,462 | +60.0% |
| Taxes | 450/3 | €162,058 | €249,731 | +€87,672 | +54.1% |
| Remuneration and social security | 454/9 | €18,578 | €39,367 | +€20,789 | +111.9% |
| Other amounts payable | 47/48 | €190,729 | €89,795 | -€100,933 | -52.9% |
| Remuneration, social security and pensions | 62 | €159,114 | €352,456 | +€193,342 | +121.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,689 | €146,565 | +€127,875 | +684.2% |
| Other operating charges | 640/8 | €20,420 | €12,317 | -€8,103 | -39.7% |
| Gross operating margin | 9900 | €605,269 | €1,075,431 | +€470,161 | +77.7% |
| Operating profit (loss) | 9901 | €407,046 | €564,093 | +€157,047 | +38.6% |
| Financial income | 75/76B | €298 | €350 | +€52 | +17.3% |
| Recurring financial income | 75 | €298 | €350 | +€52 | +17.3% |
| Financial charges | 65/66B | €59,515 | €83,308 | +€23,793 | +40.0% |
| Recurring financial charges | 65 | €59,515 | €83,308 | +€23,793 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €347,830 | €481,135 | +€133,306 | +38.3% |
| Income taxes | 67/77 | €84,000 | €130,236 | +€46,236 | +55.0% |
| Profit (loss) for the period | 9904 | €263,829 | €350,899 | +€87,070 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €263,829 | €350,899 | +€87,070 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.