HJC: 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.
HJC
Largest movements
- Receivables within one year +€9,102
up €9,102 (+23.8%), from €38,227 to €47,329
of which Trade receivables: +€10,291
- Tangible fixed assets -€5,326
down €5,326 (-28.4%), from €18,765 to €13,439
of which Furniture and vehicles: -€3,315
- Cash +€1,439
up €1,439 (+2.1%), from €68,340 to €69,780
mainly Other debts (+€110,400) and Net result for the year (+€11,162)
- Other debts +€110,400
up €110,400 (+18,721%), from €590 to €110,989
- Reserves -€108,494
down €108,494 (-90.6%), from €119,756 to €11,262
of which Distributable reserves: -€108,494
- Tax, wage and social debts +€2,791
up €2,791 (+96.8%), from €2,884 to €5,674
- Accrued charges and deferred income +€1,600
up €1,600, from €0 to €1,600
- Gross operating margin -€7,529
down €7,529 (-23.3%), from €32,302 to €24,773
- Financial charges -€1,286
down €1,286 (-23.0%), from €5,582 to €4,297
- Taxes -€1,090
down €1,090 (-22.8%), from €4,786 to €3,696
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 | €125,333 | €130,821 | +€5,488 | +4.4% |
| Fixed assets | 21/28 | €18,765 | €13,439 | -€5,326 | -28.4% |
| Tangible fixed assets | 22/27 | €18,765 | €13,439 | -€5,326 | -28.4% |
| Plant, machinery and equipment | 23 | €1,720 | €872 | -€848 | -49.3% |
| Furniture and vehicles | 24 | €7,747 | €4,432 | -€3,315 | -42.8% |
| Other tangible fixed assets | 26 | €9,298 | €8,134 | -€1,164 | -12.5% |
| Current assets | 29/58 | €106,568 | €117,382 | +€10,815 | +10.1% |
| Amounts receivable within one year | 40/41 | €38,227 | €47,329 | +€9,102 | +23.8% |
| Trade receivables | 40 | €37,038 | €47,329 | +€10,291 | +27.8% |
| Other amounts receivable | 41 | €1,189 | €0 | -€1,189 | -100% |
| Cash at bank and in hand | 54/58 | €68,340 | €69,780 | +€1,439 | +2.1% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €125,333 | €130,821 | +€5,488 | +4.4% |
| Equity | 10/15 | €120,756 | €12,262 | -€108,494 | -89.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €119,756 | €11,262 | -€108,494 | -90.6% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €119,656 | €11,162 | -€108,494 | -90.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,577 | €118,559 | +€113,982 | +2,490% |
| Amounts payable within one year | 42/48 | €4,577 | €116,959 | +€112,382 | +2,455% |
| Financial debts | 43 | €90 | €103 | +€13 | +14.7% |
| Credit institutions | 430/8 | €90 | €103 | +€13 | +14.7% |
| Trade debts | 44 | €1,014 | €193 | -€821 | -81.0% |
| Suppliers | 440/4 | €1,014 | €193 | -€821 | -81.0% |
| Taxes, remuneration and social security | 45 | €2,884 | €5,674 | +€2,791 | +96.8% |
| Taxes | 450/3 | €2,884 | €5,674 | +€2,791 | +96.8% |
| Other amounts payable | 47/48 | €590 | €110,989 | +€110,400 | +18,721% |
| Accrued charges and deferred income | 492/3 | €0 | €1,600 | +€1,600 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,355 | €5,326 | -€29 | -0.5% |
| Other operating charges | 640/8 | €288 | €291 | +€3 | +1.1% |
| Gross operating margin | 9900 | €32,302 | €24,773 | -€7,529 | -23.3% |
| Operating profit (loss) | 9901 | €26,659 | €19,155 | -€7,503 | -28.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,582 | €4,297 | -€1,286 | -23.0% |
| Recurring financial charges | 65 | €5,582 | €4,297 | -€1,286 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €21,076 | €14,858 | -€6,218 | -29.5% |
| Income taxes | 67/77 | €4,786 | €3,696 | -€1,090 | -22.8% |
| Profit (loss) for the period | 9904 | €16,290 | €11,162 | -€5,128 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,290 | €11,162 | -€5,128 | -31.5% |
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 16 October 2026 via checked.be.