C.J.H.: 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.
C.J.H.
Largest movements
- Receivables within one year -€67,953
down €67,953 (-27.1%), from €251,084 to €183,131
of which Trade receivables: -€47,240
- Tangible fixed assets -€13,224
down €13,224 (-3.6%), from €365,697 to €352,472
of which Land and buildings: -€11,776
- Profit (loss) carried forward -€75,099
down €75,099 (-29.9%), from -€251,376 to -€326,475
- Trade debts -€17,329
down €17,329 (-25.6%), from €67,580 to €50,250
- Other debts +€9,409
up €9,409 (+5.2%), from €181,478 to €190,887
- Taxes -€32,746
no longer reported in 2025 (was €32,746)
- Financial charges +€12,223
up €12,223 (+47.9%), from €25,536 to €37,759
- Financial income -€5,882
no longer reported in 2025 (was €5,882)
- Gross operating margin +€5,005
up €5,005 (+25.1%), from €19,961 to €24,966
- Other operating charges +€1,483
up €1,483 (+21.3%), from €6,949 to €8,432
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 | €626,034 | €537,907 | -€88,128 | -14.1% |
| Fixed assets | 21/28 | €367,977 | €354,752 | -€13,224 | -3.6% |
| Tangible fixed assets | 22/27 | €365,697 | €352,472 | -€13,224 | -3.6% |
| Land and buildings | 22 | €357,404 | €345,629 | -€11,776 | -3.3% |
| Plant, machinery and equipment | 23 | €8,292 | €6,844 | -€1,449 | -17.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €258,058 | €183,154 | -€74,903 | -29.0% |
| Amounts receivable within one year | 40/41 | €251,084 | €183,131 | -€67,953 | -27.1% |
| Trade receivables | 40 | €92,875 | €45,635 | -€47,240 | -50.9% |
| Other amounts receivable | 41 | €158,209 | €137,496 | -€20,713 | -13.1% |
| Cash at bank and in hand | 54/58 | €1,092 | €23 | -€1,069 | -97.9% |
| Deferred charges and accrued income | 490/1 | €5,882 | - | -€5,882 | |
| Total equity and liabilities | 10/49 | €626,034 | €537,907 | -€88,128 | -14.1% |
| Equity | 10/15 | -€230,376 | -€305,475 | -€75,099 | -32.6% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,376 | -€326,475 | -€75,099 | -29.9% |
| Amounts payable | 17/49 | €856,411 | €843,382 | -€13,028 | -1.5% |
| Amounts payable after more than one year | 17 | €536,707 | €536,707 | = | 0.0% |
| Financial debts | 170/4 | €536,707 | €536,707 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,703 | €306,675 | -€13,028 | -4.1% |
| Trade debts | 44 | €67,580 | €50,250 | -€17,329 | -25.6% |
| Suppliers | 440/4 | €67,580 | €50,250 | -€17,329 | -25.6% |
| Taxes, remuneration and social security | 45 | €70,645 | €65,537 | -€5,108 | -7.2% |
| Taxes | 450/3 | €70,645 | €65,537 | -€5,108 | -7.2% |
| Other amounts payable | 47/48 | €181,478 | €190,887 | +€9,409 | +5.2% |
| Non-recurring operating income | 76A | - | €5,576 | +€5,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,967 | €13,224 | +€257 | +2.0% |
| Other operating charges | 640/8 | €6,949 | €8,432 | +€1,483 | +21.3% |
| Non-recurring operating charges | 66A | - | €40,650 | +€40,650 | |
| Gross operating margin | 9900 | €19,961 | €24,966 | +€5,005 | +25.1% |
| Operating profit (loss) | 9901 | €45 | -€37,340 | -€37,386 | |
| Financial income | 75/76B | €5,882 | - | -€5,882 | |
| Recurring financial income | 75 | €5,882 | - | -€5,882 | |
| Financial charges | 65/66B | €25,536 | €37,759 | +€12,223 | +47.9% |
| Recurring financial charges | 65 | €25,536 | €37,759 | +€12,223 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,608 | -€75,099 | -€55,491 | -283.0% |
| Income taxes | 67/77 | €32,746 | - | -€32,746 | |
| Profit (loss) for the period | 9904 | -€52,354 | -€75,099 | -€22,745 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,354 | -€75,099 | -€22,745 | -43.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.