HJCT: what changed
Two fiscal 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.
HJCT
Largest movements
- Tangible fixed assets -€21,115
down €21,115 (-23.3%), from €90,560 to €69,445
- Cash +€13,202
up €13,202 (+10.2%), from €129,172 to €142,374
mainly Net result for the year (+€45,591) and Other debts (+€32,935)
- Current investments +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Receivables within one year +€8,706
up €8,706 (+54.1%), from €16,085 to €24,791
of which Other amounts receivable: +€8,040
- Other debts +€32,935
up €32,935 (+162.9%), from €20,213 to €53,149
- Debts after one year -€17,112
down €17,112 (-28.7%), from €59,713 to €42,602
- Reserves -€15,000
down €15,000 (-10.4%), from €144,860 to €129,860
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin -€8,731
down €8,731 (-9.5%), from €92,356 to €83,625
- Depreciation +€6,919
up €6,919 (+48.7%), from €14,196 to €21,115
- Taxes -€6,555
down €6,555 (-35.2%), from €18,648 to €12,092
- Other operating charges -€2,535
down €2,535 (-48.3%), from €5,244 to €2,708
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
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 | €268,154 | €277,749 | +€9,595 | +3.6% |
| Fixed assets | 21/28 | €90,560 | €69,445 | -€21,115 | -23.3% |
| Tangible fixed assets | 22/27 | €90,560 | €69,445 | -€21,115 | -23.3% |
| Furniture and vehicles | 24 | €90,560 | €69,445 | -€21,115 | -23.3% |
| Current assets | 29/58 | €177,595 | €208,305 | +€30,710 | +17.3% |
| Amounts receivable within one year | 40/41 | €16,085 | €24,791 | +€8,706 | +54.1% |
| Trade receivables | 40 | €13,976 | €14,641 | +€666 | +4.8% |
| Other amounts receivable | 41 | €2,109 | €10,150 | +€8,040 | +381.2% |
| Current investments | 50/53 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €129,172 | €142,374 | +€13,202 | +10.2% |
| Deferred charges and accrued income | 490/1 | €2,337 | €1,140 | -€1,198 | -51.2% |
| Total equity and liabilities | 10/49 | €268,154 | €277,749 | +€9,595 | +3.6% |
| Equity | 10/15 | €165,530 | €156,731 | -€8,799 | -5.3% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €144,860 | €129,860 | -€15,000 | -10.4% |
| Distributable reserves | 133 | €144,860 | €129,860 | -€15,000 | -10.4% |
| Profit (loss) carried forward | 14 | €8,270 | €8,271 | +€1 | 0.0% |
| Amounts payable | 17/49 | €102,624 | €121,018 | +€18,394 | +17.9% |
| Amounts payable after more than one year | 17 | €59,713 | €42,602 | -€17,112 | -28.7% |
| Financial debts | 170/4 | €59,713 | €42,602 | -€17,112 | -28.7% |
| Amounts payable within one year | 42/48 | €42,911 | €78,212 | +€35,301 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €16,461 | €18,508 | +€2,046 | +12.4% |
| Trade debts | 44 | €495 | €1,134 | +€639 | +128.9% |
| Suppliers | 440/4 | €495 | €1,134 | +€639 | +128.9% |
| Taxes, remuneration and social security | 45 | €5,740 | €5,421 | -€319 | -5.6% |
| Taxes | 450/3 | €5,740 | €5,421 | -€319 | -5.6% |
| Other amounts payable | 47/48 | €20,213 | €53,149 | +€32,935 | +162.9% |
| Accrued charges and deferred income | 492/3 | - | €204 | +€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,196 | €21,115 | +€6,919 | +48.7% |
| Other operating charges | 640/8 | €5,244 | €2,708 | -€2,535 | -48.3% |
| Gross operating margin | 9900 | €92,356 | €83,625 | -€8,731 | -9.5% |
| Operating profit (loss) | 9901 | €72,917 | €59,802 | -€13,114 | -18.0% |
| Financial income | 75/76B | €825 | €825 | = | 0.0% |
| Recurring financial income | 75 | €825 | €825 | = | 0.0% |
| Financial charges | 65/66B | €2,705 | €2,944 | +€239 | +8.8% |
| Recurring financial charges | 65 | €2,705 | €2,944 | +€239 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €71,037 | €57,683 | -€13,353 | -18.8% |
| Income taxes | 67/77 | €18,648 | €12,092 | -€6,555 | -35.2% |
| Profit (loss) for the period | 9904 | €52,389 | €45,591 | -€6,798 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,389 | €45,591 | -€6,798 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.