HJ Management: what changed
HJ Management
Largest movements
- Cash +€12,946
up €12,946 (+64.4%), from €20,103 to €33,049
mainly Receivables within one year (+€8,472) and Net result for the year (+€5,662)
- Receivables within one year -€8,472
down €8,472 (-32.4%), from €26,170 to €17,698
of which Trade receivables: -€8,381
- Tangible fixed assets -€5,547
down €5,547 (-41.6%), from €13,344 to €7,797
- Reserves +€5,662
up €5,662 (+15.9%), from €35,712 to €41,374
- Debts after one year -€5,557
down €5,557 (-66.3%), from €8,382 to €2,825
- Trade debts -€2,109
down €2,109 (-77.7%), from €2,714 to €606
- Tax, wage and social debts +€2,053
up €2,053 (+82.6%), from €2,486 to €4,539
- Other debts -€1,256
down €1,256 (-42.3%), from €2,969 to €1,713
- Taxes +€161
up €161 (+6.5%), from €2,486 to €2,647
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,698 | €59,613 | -€1,085 | -1.8% |
| Fixed assets | 21/28 | €13,344 | €7,797 | -€5,547 | -41.6% |
| Tangible fixed assets | 22/27 | €13,344 | €7,797 | -€5,547 | -41.6% |
| Furniture and vehicles | 24 | €13,344 | €7,797 | -€5,547 | -41.6% |
| Current assets | 29/58 | €47,354 | €51,816 | +€4,462 | +9.4% |
| Amounts receivable within one year | 40/41 | €26,170 | €17,698 | -€8,472 | -32.4% |
| Trade receivables | 40 | €14,431 | €6,050 | -€8,381 | -58.1% |
| Other amounts receivable | 41 | €11,739 | €11,648 | -€91 | -0.8% |
| Cash at bank and in hand | 54/58 | €20,103 | €33,049 | +€12,946 | +64.4% |
| Deferred charges and accrued income | 490/1 | €1,081 | €1,070 | -€11 | -1.0% |
| Total equity and liabilities | 10/49 | €60,698 | €59,613 | -€1,085 | -1.8% |
| Equity | 10/15 | €38,712 | €44,374 | +€5,662 | +14.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,712 | €41,374 | +€5,662 | +15.9% |
| Distributable reserves | 133 | €35,712 | €41,374 | +€5,662 | +15.9% |
| Amounts payable | 17/49 | €21,986 | €15,239 | -€6,747 | -30.7% |
| Amounts payable after more than one year | 17 | €8,382 | €2,825 | -€5,557 | -66.3% |
| Financial debts | 170/4 | €8,382 | €2,825 | -€5,557 | -66.3% |
| Amounts payable within one year | 42/48 | €13,604 | €12,414 | -€1,190 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €5,435 | €5,557 | +€122 | +2.2% |
| Trade debts | 44 | €2,714 | €606 | -€2,109 | -77.7% |
| Suppliers | 440/4 | €2,714 | €606 | -€2,109 | -77.7% |
| Taxes, remuneration and social security | 45 | €2,486 | €4,539 | +€2,053 | +82.6% |
| Taxes | 450/3 | €2,486 | €4,539 | +€2,053 | +82.6% |
| Other amounts payable | 47/48 | €2,969 | €1,713 | -€1,256 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,547 | €5,547 | = | 0.0% |
| Other operating charges | 640/8 | €190 | €246 | +€56 | +29.6% |
| Gross operating margin | 9900 | €14,496 | €14,497 | +€1 | 0.0% |
| Operating profit (loss) | 9901 | €8,758 | €8,703 | -€55 | -0.6% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €498 | €394 | -€104 | -20.9% |
| Recurring financial charges | 65 | €498 | €394 | -€104 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €8,319 | €8,309 | -€10 | -0.1% |
| Income taxes | 67/77 | €2,486 | €2,647 | +€161 | +6.5% |
| Profit (loss) for the period | 9904 | €5,834 | €5,662 | -€172 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,834 | €5,662 | -€172 | -2.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.