HJ FINANCES: 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.
HJ FINANCES
Largest movements
- Intangible fixed assets -€19,193
down €19,193 (-18.7%), from €102,483 to €83,291
- Cash -€9,660
down €9,660 (-23.5%), from €41,079 to €31,419
mainly Debts after one year (-€50,159) and Investment in fixed assets (net) (-€25,854)
- Tangible fixed assets -€7,609
down €7,609 (-1.5%), from €505,200 to €497,591
of which Land and buildings: -€20,731
- Debts after one year -€50,159
down €50,159 (-15.8%), from €317,196 to €267,037
- Profit (loss) carried forward +€18,862
up €18,862 (+18.2%), from -€103,540 to -€84,678
- Tax, wage and social debts +€7,424
up €7,424 (+39.3%), from €18,886 to €26,310
of which Remuneration and social security: +€5,008
- Staff costs +€21,128
up €21,128 (+16.3%), from €129,888 to €151,016
- Gross operating margin +€8,378
up €8,378 (+3.9%), from €215,414 to €223,791
- Depreciation +€5,147
up €5,147 (+10.8%), from €47,508 to €52,656
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 | €696,830 | €667,549 | -€29,281 | -4.2% |
| Fixed assets | 21/28 | €608,283 | €581,481 | -€26,802 | -4.4% |
| Intangible fixed assets | 21 | €102,483 | €83,291 | -€19,193 | -18.7% |
| Tangible fixed assets | 22/27 | €505,200 | €497,591 | -€7,609 | -1.5% |
| Land and buildings | 22 | €473,684 | €452,953 | -€20,731 | -4.4% |
| Furniture and vehicles | 24 | €31,516 | €44,638 | +€13,122 | +41.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €88,546 | €86,067 | -€2,479 | -2.8% |
| Amounts receivable within one year | 40/41 | €44,440 | €48,763 | +€4,323 | +9.7% |
| Trade receivables | 40 | €28,058 | €34,178 | +€6,120 | +21.8% |
| Other amounts receivable | 41 | €16,383 | €14,585 | -€1,797 | -11.0% |
| Cash at bank and in hand | 54/58 | €41,079 | €31,419 | -€9,660 | -23.5% |
| Deferred charges and accrued income | 490/1 | €3,027 | €5,885 | +€2,858 | +94.4% |
| Total equity and liabilities | 10/49 | €696,830 | €667,549 | -€29,281 | -4.2% |
| Equity | 10/15 | €208,961 | €221,323 | +€12,362 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €115,947 | €115,947 | = | 0.0% |
| Reserves | 13 | €190,355 | €183,855 | -€6,500 | -3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,495 | €181,995 | -€6,500 | -3.4% |
| Profit (loss) carried forward | 14 | -€103,540 | -€84,678 | +€18,862 | +18.2% |
| Provisions and deferred taxes | 16 | €97,111 | €93,763 | -€3,349 | -3.4% |
| Deferred taxes | 168 | €97,111 | €93,763 | -€3,349 | -3.4% |
| Amounts payable | 17/49 | €390,757 | €352,463 | -€38,294 | -9.8% |
| Amounts payable after more than one year | 17 | €317,196 | €267,037 | -€50,159 | -15.8% |
| Financial debts | 170/4 | €317,196 | €267,037 | -€50,159 | -15.8% |
| Amounts payable within one year | 42/48 | €73,562 | €85,426 | +€11,865 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €53,745 | €58,884 | +€5,138 | +9.6% |
| Trade debts | 44 | €930 | €233 | -€697 | -75.0% |
| Suppliers | 440/4 | €930 | €233 | -€697 | -75.0% |
| Taxes, remuneration and social security | 45 | €18,886 | €26,310 | +€7,424 | +39.3% |
| Taxes | 450/3 | €4,928 | €7,344 | +€2,416 | +49.0% |
| Remuneration and social security | 454/9 | €13,958 | €18,966 | +€5,008 | +35.9% |
| Non-recurring operating income | 76A | €2,975 | €3,000 | +€25 | +0.9% |
| Remuneration, social security and pensions | 62 | €129,888 | €151,016 | +€21,128 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,508 | €52,656 | +€5,147 | +10.8% |
| Other operating charges | 640/8 | €5,118 | €4,660 | -€458 | -8.9% |
| Non-recurring operating charges | 66A | €5,909 | - | -€5,909 | |
| Gross operating margin | 9900 | €215,414 | €223,791 | +€8,378 | +3.9% |
| Operating profit (loss) | 9901 | €26,991 | €15,459 | -€11,531 | -42.7% |
| Financial income | 75/76B | €815 | €812 | -€3 | -0.3% |
| Recurring financial income | 75 | €815 | €812 | -€3 | -0.3% |
| Financial charges | 65/66B | €5,557 | €5,428 | -€128 | -2.3% |
| Recurring financial charges | 65 | €5,557 | €5,428 | -€128 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €22,249 | €10,843 | -€11,405 | -51.3% |
| Transfer from deferred taxes | 780 | €3,349 | €3,349 | = | 0.0% |
| Income taxes | 67/77 | €161 | €1,830 | +€1,669 | +1,035% |
| Profit (loss) for the period | 9904 | €25,436 | €12,362 | -€13,074 | -51.4% |
| Transfer from tax-exempt reserves | 789 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,936 | €18,862 | -€13,074 | -40.9% |
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 21 October 2026 via checked.be.