JBH: 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.
JBH
Largest movements
- Deferred charges and accrued income +€10,230
up €10,230 (+41.5%), from €24,625 to €34,856
- Tangible fixed assets -€8,575
down €8,575 (-26.4%), from €32,508 to €23,933
- Stocks and contracts +€7,665
up €7,665 (+93.3%), from €8,219 to €15,884
- Cash +€7,145
up €7,145 (+12.3%), from €58,229 to €65,374
mainly Other debts (+€25,099) and Tax, wage and social debts (+€17,911)
- Receivables within one year -€3,974
down €3,974 (-22.0%), from €18,049 to €14,075
of which Other amounts receivable: -€3,571
- Reserves -€25,881
down €25,881 (-42.5%), from €60,887 to €35,006
of which Distributable reserves: -€25,881
- Other debts +€25,099
up €25,099 (+406%), from €6,177 to €31,277
- Tax, wage and social debts +€17,911
up €17,911 (+71.1%), from €25,184 to €43,096
of which Remuneration and social security: +€15,569
- Debts after one year -€3,707
no longer reported in 2025 (was €3,707)
- Current portion of long-term debt -€1,932
down €1,932 (-34.3%), from €5,639 to €3,707
- Staff costs +€103,152
up €103,152 (+51.4%), from €200,633 to €303,786
- Gross operating margin +€88,052
up €88,052 (+35.7%), from €246,637 to €334,688
- Taxes -€4,653
down €4,653 (-78.8%), from €5,902 to €1,249
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 | €141,631 | €154,123 | +€12,492 | +8.8% |
| Fixed assets | 21/28 | €32,508 | €23,933 | -€8,575 | -26.4% |
| Tangible fixed assets | 22/27 | €32,508 | €23,933 | -€8,575 | -26.4% |
| Plant, machinery and equipment | 23 | €12,629 | €12,227 | -€402 | -3.2% |
| Furniture and vehicles | 24 | €11,263 | €7,643 | -€3,620 | -32.1% |
| Leasing and similar rights | 25 | €2,449 | - | -€2,449 | |
| Other tangible fixed assets | 26 | €6,167 | €4,063 | -€2,105 | -34.1% |
| Current assets | 29/58 | €109,123 | €130,190 | +€21,067 | +19.3% |
| Stocks and contracts in progress | 3 | €8,219 | €15,884 | +€7,665 | +93.3% |
| Stocks | 30/36 | €8,219 | €15,884 | +€7,665 | +93.3% |
| Amounts receivable within one year | 40/41 | €18,049 | €14,075 | -€3,974 | -22.0% |
| Trade receivables | 40 | €9,607 | €9,204 | -€403 | -4.2% |
| Other amounts receivable | 41 | €8,442 | €4,871 | -€3,571 | -42.3% |
| Cash at bank and in hand | 54/58 | €58,229 | €65,374 | +€7,145 | +12.3% |
| Deferred charges and accrued income | 490/1 | €24,625 | €34,856 | +€10,230 | +41.5% |
| Total equity and liabilities | 10/49 | €141,631 | €154,123 | +€12,492 | +8.8% |
| Equity | 10/15 | €81,155 | €55,273 | -€25,881 | -31.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,887 | €35,006 | -€25,881 | -42.5% |
| Tax-exempt reserves | 132 | €3,179 | €3,179 | = | 0.0% |
| Distributable reserves | 133 | €57,709 | €31,827 | -€25,881 | -44.8% |
| Profit (loss) carried forward | 14 | €7,867 | €7,867 | = | 0.0% |
| Amounts payable | 17/49 | €60,476 | €98,849 | +€38,373 | +63.5% |
| Amounts payable after more than one year | 17 | €3,707 | - | -€3,707 | |
| Financial debts | 170/4 | €3,707 | - | -€3,707 | |
| Amounts payable within one year | 42/48 | €56,664 | €98,849 | +€42,185 | +74.4% |
| Current portion of amounts payable after more than one year | 42 | €5,639 | €3,707 | -€1,932 | -34.3% |
| Trade debts | 44 | €19,664 | €20,770 | +€1,107 | +5.6% |
| Suppliers | 440/4 | €19,664 | €20,770 | +€1,107 | +5.6% |
| Taxes, remuneration and social security | 45 | €25,184 | €43,096 | +€17,911 | +71.1% |
| Taxes | 450/3 | €3,582 | €5,924 | +€2,342 | +65.4% |
| Remuneration and social security | 454/9 | €21,603 | €37,172 | +€15,569 | +72.1% |
| Other amounts payable | 47/48 | €6,177 | €31,277 | +€25,099 | +406% |
| Accrued charges and deferred income | 492/3 | €105 | - | -€105 | |
| Non-recurring operating income | 76A | €5,008 | - | -€5,008 | |
| Remuneration, social security and pensions | 62 | €200,633 | €303,786 | +€103,152 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,254 | €16,249 | +€995 | +6.5% |
| Other operating charges | 640/8 | €2,235 | €4,733 | +€2,498 | +112% |
| Gross operating margin | 9900 | €246,637 | €334,688 | +€88,052 | +35.7% |
| Operating profit (loss) | 9901 | €28,515 | €9,921 | -€18,594 | -65.2% |
| Financial income | 75/76B | - | €103 | +€103 | |
| Recurring financial income | 75 | - | €103 | +€103 | |
| Financial charges | 65/66B | €3,637 | €5,284 | +€1,647 | +45.3% |
| Recurring financial charges | 65 | €3,637 | €5,284 | +€1,647 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €24,878 | €4,741 | -€20,137 | -80.9% |
| Income taxes | 67/77 | €5,902 | €1,249 | -€4,653 | -78.8% |
| Profit (loss) for the period | 9904 | €18,976 | €3,492 | -€15,484 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,976 | €3,492 | -€15,484 | -81.6% |
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 21 October 2026 via checked.be.