FJH: 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.
FJH
Largest movements
- Receivables within one year -€104,071
down €104,071 (-88.7%), from €117,357 to €13,286
of which Trade receivables: -€71,559
- Receivables after one year +€23,783
up €23,783 (+11.9%), from €200,000 to €223,783
- Deferred charges and accrued income +€10,665
new in 2025: €10,665
- Tangible fixed assets +€9,495
new in 2025: €9,495
- Advances received -€78,916
no longer reported in 2025 (was €78,916)
- Tax, wage and social debts +€23,782
up €23,782 (+162.6%), from €14,624 to €38,407
- Other debts -€19,016
no longer reported in 2025 (was €19,016)
- Reserves +€12,855
up €12,855 (+7.7%), from €167,276 to €180,131
- Gross operating margin -€15,310
down €15,310 (-42.1%), from €36,383 to €21,073
- Financial income -€7,427
down €7,427 (-54.9%), from €13,517 to €6,090
- Taxes -€5,064
down €5,064 (-38.6%), from €13,106 to €8,042
- Financial charges -€2,290
down €2,290 (-36.8%), from €6,228 to €3,937
- Other operating charges -€844
down €844 (-27.9%), from €3,032 to €2,188
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,357 | €257,229 | -€60,129 | -18.9% |
| Fixed assets | 21/28 | - | €9,495 | +€9,495 | |
| Tangible fixed assets | 22/27 | - | €9,495 | +€9,495 | |
| Furniture and vehicles | 24 | - | €9,495 | +€9,495 | |
| Current assets | 29/58 | €317,357 | €247,734 | -€69,623 | -21.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €223,783 | +€23,783 | +11.9% |
| Other amounts receivable | 291 | €200,000 | €223,783 | +€23,783 | +11.9% |
| Amounts receivable within one year | 40/41 | €117,357 | €13,286 | -€104,071 | -88.7% |
| Trade receivables | 40 | €84,844 | €13,286 | -€71,559 | -84.3% |
| Other amounts receivable | 41 | €32,513 | - | -€32,513 | |
| Deferred charges and accrued income | 490/1 | - | €10,665 | +€10,665 | |
| Total equity and liabilities | 10/49 | €317,357 | €257,229 | -€60,129 | -18.9% |
| Equity | 10/15 | €185,868 | €198,723 | +€12,855 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €167,276 | €180,131 | +€12,855 | +7.7% |
| Distributable reserves | 133 | €167,276 | €180,131 | +€12,855 | +7.7% |
| Amounts payable | 17/49 | €131,490 | €58,506 | -€72,984 | -55.5% |
| Amounts payable within one year | 42/48 | €131,490 | €58,506 | -€72,984 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Financial debts | 43 | €5,530 | €5,774 | +€244 | +4.4% |
| Credit institutions | 430/8 | €5,530 | €5,774 | +€244 | +4.4% |
| Trade debts | 44 | €5,903 | €6,825 | +€922 | +15.6% |
| Suppliers | 440/4 | €5,903 | €6,825 | +€922 | +15.6% |
| Advances received on contracts in progress | 46 | €78,916 | - | -€78,916 | |
| Taxes, remuneration and social security | 45 | €14,624 | €38,407 | +€23,782 | +162.6% |
| Taxes | 450/3 | €14,624 | €38,407 | +€23,782 | +162.6% |
| Other amounts payable | 47/48 | €19,016 | - | -€19,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €141 | +€141 | |
| Other operating charges | 640/8 | €3,032 | €2,188 | -€844 | -27.9% |
| Gross operating margin | 9900 | €36,383 | €21,073 | -€15,310 | -42.1% |
| Operating profit (loss) | 9901 | €33,351 | €18,745 | -€14,606 | -43.8% |
| Financial income | 75/76B | €13,517 | €6,090 | -€7,427 | -54.9% |
| Recurring financial income | 75 | €13,517 | €6,090 | -€7,427 | -54.9% |
| Financial charges | 65/66B | €6,228 | €3,937 | -€2,290 | -36.8% |
| Recurring financial charges | 65 | €6,228 | €3,937 | -€2,290 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €40,640 | €20,898 | -€19,742 | -48.6% |
| Income taxes | 67/77 | €13,106 | €8,042 | -€5,064 | -38.6% |
| Profit (loss) for the period | 9904 | €27,534 | €12,855 | -€14,678 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,534 | €12,855 | -€14,678 | -53.3% |
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 9 October 2026 via checked.be.