J & H: 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.
J & H
Largest movements
- Receivables within one year +€55,432
up €55,432 (+27.8%), from €199,306 to €254,738
of which Other amounts receivable: +€52,617
- Cash +€21,421
up €21,421 (+252.0%), from €8,500 to €29,921
mainly Net result for the year (+€54,255) and Depreciation (+€21,743)
- Tangible fixed assets -€18,202
down €18,202 (-5.1%), from €353,830 to €335,628
of which Land and buildings: -€13,109
- Profit (loss) carried forward +€54,255
up €54,255 (+23.4%), from €232,295 to €286,550
- Short-term financial debts -€10,935
no longer reported in 2025 (was €10,935)
- Trade debts +€9,641
up €9,641 (+8.0%), from €120,170 to €129,811
- Turnover +€183,502
up €183,502 (+51.3%), from €357,859 to €541,361
- Purchases and services +€144,517
up €144,517 (+53.0%), from €272,536 to €417,054
- Staff costs +€33,965
up €33,965 (+176.0%), from €19,298 to €53,263
- Gross operating margin +€22,841
up €22,841 (+20.8%), from €110,064 to €132,905
- Write-downs -€18,784
no longer reported in 2025 (was €18,784)
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 | €567,715 | €625,204 | +€57,489 | +10.1% |
| Fixed assets | 21/28 | €358,747 | €340,545 | -€18,202 | -5.1% |
| Tangible fixed assets | 22/27 | €353,830 | €335,628 | -€18,202 | -5.1% |
| Land and buildings | 22 | €314,969 | €301,860 | -€13,109 | -4.2% |
| Plant, machinery and equipment | 23 | €38,722 | €30,509 | -€8,214 | -21.2% |
| Furniture and vehicles | 24 | €139 | €3,259 | +€3,121 | +2248.3% |
| Financial fixed assets | 28 | €4,917 | €4,917 | = | 0.0% |
| Current assets | 29/58 | €208,968 | €284,659 | +€75,691 | +36.2% |
| Amounts receivable within one year | 40/41 | €199,306 | €254,738 | +€55,432 | +27.8% |
| Trade receivables | 40 | €40,697 | €43,513 | +€2,816 | +6.9% |
| Other amounts receivable | 41 | €158,608 | €211,225 | +€52,617 | +33.2% |
| Cash at bank and in hand | 54/58 | €8,500 | €29,921 | +€21,421 | +252.0% |
| Deferred charges and accrued income | 490/1 | €1,162 | - | -€1,162 | |
| Total equity and liabilities | 10/49 | €567,715 | €625,204 | +€57,489 | +10.1% |
| Equity | 10/15 | €252,719 | €306,975 | +€54,255 | +21.5% |
| Contributions | 10/11 | €18,565 | €18,565 | = | 0.0% |
| Capital | 10 | €18,565 | €18,565 | = | 0.0% |
| Issued capital | 100 | €18,565 | €18,565 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,295 | €286,550 | +€54,255 | +23.4% |
| Amounts payable | 17/49 | €314,996 | €318,230 | +€3,234 | +1.0% |
| Amounts payable after more than one year | 17 | €147,901 | €147,901 | = | 0.0% |
| Financial debts | 170/4 | €147,901 | €147,901 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,095 | €170,198 | +€3,103 | +1.9% |
| Financial debts | 43 | €10,935 | - | -€10,935 | |
| Credit institutions | 430/8 | €10,935 | - | -€10,935 | |
| Trade debts | 44 | €120,170 | €129,811 | +€9,641 | +8.0% |
| Suppliers | 440/4 | €120,170 | €129,811 | +€9,641 | +8.0% |
| Advances received on contracts in progress | 46 | - | €232 | +€232 | |
| Taxes, remuneration and social security | 45 | €35,990 | €40,155 | +€4,165 | +11.6% |
| Taxes | 450/3 | €29,433 | €32,553 | +€3,119 | +10.6% |
| Remuneration and social security | 454/9 | €6,556 | €7,603 | +€1,046 | +16.0% |
| Accrued charges and deferred income | 492/3 | - | €131 | +€131 | |
| Turnover | 70 | €357,859 | €541,361 | +€183,502 | +51.3% |
| Non-recurring operating income | 76A | €16,485 | €322 | -€16,163 | -98.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €272,536 | €417,054 | +€144,517 | +53.0% |
| Remuneration, social security and pensions | 62 | €19,298 | €53,263 | +€33,965 | +176.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,672 | €21,743 | +€71 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,784 | - | -€18,784 | |
| Other operating charges | 640/8 | €6,129 | €1,597 | -€4,531 | -73.9% |
| Gross operating margin | 9900 | €110,064 | €132,905 | +€22,841 | +20.8% |
| Operating profit (loss) | 9901 | €44,181 | €56,301 | +€12,120 | +27.4% |
| Financial income | 75/76B | €2,688 | €1 | -€2,687 | -100.0% |
| Recurring financial income | 75 | €2,688 | €1 | -€2,687 | -100.0% |
| Financial charges | 65/66B | €11,611 | €1,883 | -€9,729 | -83.8% |
| Recurring financial charges | 65 | €3,015 | €1,883 | -€1,133 | -37.6% |
| Non-recurring financial charges | 66B | €8,596 | - | -€8,596 | |
| Profit (loss) for the period before taxes | 9903 | €35,258 | €54,420 | +€19,161 | +54.3% |
| Income taxes | 67/77 | €594 | €164 | -€430 | -72.3% |
| Profit (loss) for the period | 9904 | €34,664 | €54,255 | +€19,591 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,664 | €54,255 | +€19,591 | +56.5% |
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 8 October 2026 via checked.be.