H.J. & Partners: 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.
H.J. & Partners
Largest movements
- Receivables within one year -€56,504
down €56,504 (-71.4%), from €79,176 to €22,672
of which Trade receivables: -€35,966
- Tangible fixed assets -€2,422
down €2,422 (-62.0%), from €3,904 to €1,482
of which Plant, machinery and equipment: -€1,313
- Trade debts -€36,611
down €36,611 (-57.2%), from €64,052 to €27,441
- Profit (loss) carried forward -€27,534
down €27,534 (-22.4%), from -€122,924 to -€150,458
- Other debts +€12,009
new in 2025: €12,009
- Short-term financial debts -€7,615
down €7,615 (-69.2%), from €11,000 to €3,385
- Tax, wage and social debts +€1,053
up €1,053 (+4.5%), from €23,449 to €24,502
of which Taxes: +€11,584
- Staff costs -€12,529
down €12,529 (-17.6%), from €70,987 to €58,458
- Gross operating margin +€6,803
up €6,803 (+24.2%), from €28,062 to €34,865
- Other operating charges +€1,527
up €1,527 (+1,294%), from €118 to €1,645
- Financial charges +€997
up €997 (+27.0%), from €3,695 to €4,692
- Depreciation -€739
down €739 (-23.4%), from €3,161 to €2,422
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 | €94,007 | €35,309 | -€58,698 | -62.4% |
| Fixed assets | 21/28 | €7,879 | €5,457 | -€2,422 | -30.7% |
| Tangible fixed assets | 22/27 | €3,904 | €1,482 | -€2,422 | -62.0% |
| Plant, machinery and equipment | 23 | €2,060 | €747 | -€1,313 | -63.7% |
| Furniture and vehicles | 24 | €1,844 | €735 | -€1,109 | -60.1% |
| Financial fixed assets | 28 | €3,975 | €3,975 | = | 0.0% |
| Current assets | 29/58 | €86,128 | €29,852 | -€56,276 | -65.3% |
| Stocks and contracts in progress | 3 | €3,850 | €3,895 | +€45 | +1.2% |
| Stocks | 30/36 | €3,850 | €3,895 | +€45 | +1.2% |
| Amounts receivable within one year | 40/41 | €79,176 | €22,672 | -€56,504 | -71.4% |
| Trade receivables | 40 | €40,705 | €4,739 | -€35,966 | -88.4% |
| Other amounts receivable | 41 | €38,471 | €17,933 | -€20,538 | -53.4% |
| Cash at bank and in hand | 54/58 | €3,102 | €2,397 | -€705 | -22.7% |
| Deferred charges and accrued income | 490/1 | - | €888 | +€888 | |
| Total equity and liabilities | 10/49 | €94,007 | €35,309 | -€58,698 | -62.4% |
| Equity | 10/15 | -€4,494 | -€32,028 | -€27,534 | -613% |
| Contributions | 10/11 | €60,734 | €60,734 | = | 0.0% |
| Reserves | 13 | €57,696 | €57,696 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,623 | €4,623 | = | 0.0% |
| Distributable reserves | 133 | €53,073 | €53,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,924 | -€150,458 | -€27,534 | -22.4% |
| Amounts payable | 17/49 | €98,501 | €67,337 | -€31,164 | -31.6% |
| Amounts payable within one year | 42/48 | €98,501 | €67,337 | -€31,164 | -31.6% |
| Financial debts | 43 | €11,000 | €3,385 | -€7,615 | -69.2% |
| Credit institutions | 430/8 | €11,000 | €3,385 | -€7,615 | -69.2% |
| Trade debts | 44 | €64,052 | €27,441 | -€36,611 | -57.2% |
| Suppliers | 440/4 | €64,052 | €27,441 | -€36,611 | -57.2% |
| Taxes, remuneration and social security | 45 | €23,449 | €24,502 | +€1,053 | +4.5% |
| Taxes | 450/3 | €1,370 | €12,954 | +€11,584 | +846% |
| Remuneration and social security | 454/9 | €22,079 | €11,548 | -€10,531 | -47.7% |
| Other amounts payable | 47/48 | - | €12,009 | +€12,009 | |
| Remuneration, social security and pensions | 62 | €70,987 | €58,458 | -€12,529 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,161 | €2,422 | -€739 | -23.4% |
| Other operating charges | 640/8 | €118 | €1,645 | +€1,527 | +1,294% |
| Gross operating margin | 9900 | €28,062 | €34,865 | +€6,803 | +24.2% |
| Operating profit (loss) | 9901 | -€46,204 | -€27,660 | +€18,544 | +40.1% |
| Financial income | 75/76B | €5,213 | €4,818 | -€395 | -7.6% |
| Recurring financial income | 75 | €5,213 | €4,818 | -€395 | -7.6% |
| Financial charges | 65/66B | €3,695 | €4,692 | +€997 | +27.0% |
| Recurring financial charges | 65 | €3,695 | €4,692 | +€997 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,686 | -€27,534 | +€17,152 | +38.4% |
| Profit (loss) for the period | 9904 | -€44,686 | -€27,534 | +€17,152 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,686 | -€27,534 | +€17,152 | +38.4% |
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 31 October 2026 via checked.be.