J.P.H.: 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.
J.P.H.
Largest movements
- Receivables within one year +€121,232
up €121,232 (+23.2%), from €522,291 to €643,523
of which Trade receivables: +€95,005
- Profit (loss) carried forward +€149,744
up €149,744 (+151%), from €98,876 to €248,620
- Trade debts +€36,887
up €36,887 (+124%), from €29,845 to €66,732
- Tax, wage and social debts -€33,398
down €33,398 (-35.9%), from €93,036 to €59,639
- Other debts -€32,833
down €32,833 (-89.9%), from €36,521 to €3,688
- Debts after one year -€16,956
down €16,956 (-13.6%), from €124,803 to €107,847
- Gross operating margin +€231,189
up €231,189 (+272%), from €85,027 to €316,215
- Other operating charges +€72,234
up €72,234 (+3,703%), from €1,951 to €74,184
- Taxes +€34,601
up €34,601 (+142%), from €24,443 to €59,044
- Financial charges +€6,213
up €6,213 (+80.9%), from €7,677 to €13,890
of which Financial charges: +€5,213
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,532 | €691,574 | +€120,042 | +21.0% |
| Fixed assets | 21/28 | €46,672 | €46,823 | +€151 | +0.3% |
| Tangible fixed assets | 22/27 | €40,472 | €41,623 | +€1,151 | +2.8% |
| Furniture and vehicles | 24 | €37,630 | €39,563 | +€1,933 | +5.1% |
| Other tangible fixed assets | 26 | €2,841 | €2,060 | -€782 | -27.5% |
| Financial fixed assets | 28 | €6,200 | €5,200 | -€1,000 | -16.1% |
| Current assets | 29/58 | €524,861 | €644,751 | +€119,891 | +22.8% |
| Amounts receivable within one year | 40/41 | €522,291 | €643,523 | +€121,232 | +23.2% |
| Trade receivables | 40 | €64,057 | €159,062 | +€95,005 | +148% |
| Other amounts receivable | 41 | €458,234 | €484,461 | +€26,227 | +5.7% |
| Cash at bank and in hand | 54/58 | €361 | - | -€361 | |
| Deferred charges and accrued income | 490/1 | €2,209 | €1,228 | -€980 | -44.4% |
| Total equity and liabilities | 10/49 | €571,532 | €691,574 | +€120,042 | +21.0% |
| Equity | 10/15 | €287,327 | €437,071 | +€149,744 | +52.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,852 | €169,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €609 | €609 | = | 0.0% |
| Reserves not available under the articles | 1311 | €609 | €609 | = | 0.0% |
| Distributable reserves | 133 | €169,243 | €169,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,876 | €248,620 | +€149,744 | +151% |
| Amounts payable | 17/49 | €284,205 | €254,503 | -€29,702 | -10.5% |
| Amounts payable after more than one year | 17 | €124,803 | €107,847 | -€16,956 | -13.6% |
| Financial debts | 170/4 | €124,803 | €107,847 | -€16,956 | -13.6% |
| Amounts payable within one year | 42/48 | €159,402 | €146,656 | -€12,746 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,598 | +€16,598 | |
| Trade debts | 44 | €29,845 | €66,732 | +€36,887 | +124% |
| Suppliers | 440/4 | €29,845 | €66,732 | +€36,887 | +124% |
| Taxes, remuneration and social security | 45 | €93,036 | €59,639 | -€33,398 | -35.9% |
| Taxes | 450/3 | €93,036 | €59,639 | -€33,398 | -35.9% |
| Other amounts payable | 47/48 | €36,521 | €3,688 | -€32,833 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,741 | €16,417 | +€2,676 | +19.5% |
| Other operating charges | 640/8 | €1,951 | €74,184 | +€72,234 | +3,703% |
| Non-recurring operating charges | 66A | - | €4,762 | +€4,762 | |
| Gross operating margin | 9900 | €85,027 | €316,215 | +€231,189 | +272% |
| Operating profit (loss) | 9901 | €69,335 | €220,852 | +€151,517 | +219% |
| Financial income | 75/76B | €159 | €1,826 | +€1,667 | +1,050% |
| Recurring financial income | 75 | €159 | €1,826 | +€1,667 | +1,050% |
| Financial charges | 65/66B | €7,677 | €13,890 | +€6,213 | +80.9% |
| Recurring financial charges | 65 | €7,677 | €12,890 | +€5,213 | +67.9% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €61,816 | €208,788 | +€146,972 | +238% |
| Income taxes | 67/77 | €24,443 | €59,044 | +€34,601 | +142% |
| Profit (loss) for the period | 9904 | €37,373 | €149,744 | +€112,371 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €37,373 | €149,744 | +€112,371 | +301% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.