JBH CONSULT: 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 CONSULT
Largest movements
- Cash -€267,196
down €267,196 (-60.7%), from €440,508 to €173,312
mainly Contributions, distributions and other (-€336,768) and Current investments (-€130,461)
- Current investments +€130,461
new in 2025: €130,461
- Tangible fixed assets +€39,878
up €39,878 (+7.7%), from €519,573 to €559,451
of which Furniture and vehicles: +€59,067
- Receivables within one year -€25,668
down €25,668 (-79.3%), from €32,371 to €6,704
of which Other amounts receivable: -€17,561
- Other debts -€70,358
down €70,358 (-16.8%), from €418,923 to €348,565
- Reserves -€51,625
down €51,625 (-19.0%), from €272,085 to €220,460
- Tax, wage and social debts -€15,358
down €15,358 (-45.5%), from €33,791 to €18,433
of which Taxes: -€13,458
- Current portion of long-term debt +€10,002
up €10,002 (+64.2%), from €15,576 to €25,578
- Gross operating margin +€85,010
up €85,010 (+23.7%), from €358,063 to €443,072
- Taxes +€27,710
up €27,710 (+44.1%), from €62,877 to €90,588
- Financial income +€15,544
up €15,544 (+1,074%), from €1,447 to €16,991
of which Non-recurring financial income: +€14,890
- Staff costs -€6,910
down €6,910 (-15.3%), from €45,039 to €38,129
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 | €993,128 | €870,153 | -€122,974 | -12.4% |
| Fixed assets | 21/28 | €520,248 | €559,676 | +€39,428 | +7.6% |
| Intangible fixed assets | 21 | €675 | €225 | -€450 | -66.7% |
| Tangible fixed assets | 22/27 | €519,573 | €559,451 | +€39,878 | +7.7% |
| Land and buildings | 22 | €511,977 | €493,482 | -€18,495 | -3.6% |
| Plant, machinery and equipment | 23 | €1,899 | €1,205 | -€694 | -36.6% |
| Furniture and vehicles | 24 | €5,697 | €64,765 | +€59,067 | +1,037% |
| Current assets | 29/58 | €472,880 | €310,477 | -€162,403 | -34.3% |
| Amounts receivable within one year | 40/41 | €32,371 | €6,704 | -€25,668 | -79.3% |
| Trade receivables | 40 | €14,810 | €6,704 | -€8,107 | -54.7% |
| Other amounts receivable | 41 | €17,561 | - | -€17,561 | |
| Current investments | 50/53 | - | €130,461 | +€130,461 | |
| Cash at bank and in hand | 54/58 | €440,508 | €173,312 | -€267,196 | -60.7% |
| Total equity and liabilities | 10/49 | €993,128 | €870,153 | -€122,974 | -12.4% |
| Equity | 10/15 | €292,545 | €240,920 | -€51,625 | -17.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €272,085 | €220,460 | -€51,625 | -19.0% |
| Distributable reserves | 133 | €272,085 | €220,460 | -€51,625 | -19.0% |
| Amounts payable | 17/49 | €700,583 | €629,233 | -€71,349 | -10.2% |
| Amounts payable after more than one year | 17 | €224,048 | €232,923 | +€8,875 | +4.0% |
| Financial debts | 170/4 | €224,048 | €232,923 | +€8,875 | +4.0% |
| Amounts payable within one year | 42/48 | €473,335 | €393,110 | -€80,225 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €15,576 | €25,578 | +€10,002 | +64.2% |
| Trade debts | 44 | €4,565 | €55 | -€4,511 | -98.8% |
| Suppliers | 440/4 | €4,565 | €55 | -€4,511 | -98.8% |
| Advances received on contracts in progress | 46 | €480 | €480 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €33,791 | €18,433 | -€15,358 | -45.5% |
| Taxes | 450/3 | €26,461 | €13,004 | -€13,458 | -50.9% |
| Remuneration and social security | 454/9 | €7,330 | €5,429 | -€1,901 | -25.9% |
| Other amounts payable | 47/48 | €418,923 | €348,565 | -€70,358 | -16.8% |
| Accrued charges and deferred income | 492/3 | €3,200 | €3,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €45,039 | €38,129 | -€6,910 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,579 | €39,170 | -€410 | -1.0% |
| Other operating charges | 640/8 | €853 | €708 | -€145 | -17.0% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €358,063 | €443,072 | +€85,010 | +23.7% |
| Operating profit (loss) | 9901 | €272,592 | €365,066 | +€92,474 | +33.9% |
| Financial income | 75/76B | €1,447 | €16,991 | +€15,544 | +1,074% |
| Recurring financial income | 75 | €1,445 | €2,100 | +€655 | +45.3% |
| Non-recurring financial income | 76B | €2 | €14,892 | +€14,890 | +744,482% |
| Financial charges | 65/66B | €5,353 | €6,327 | +€974 | +18.2% |
| Recurring financial charges | 65 | €5,353 | €6,327 | +€974 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €268,686 | €375,731 | +€107,045 | +39.8% |
| Income taxes | 67/77 | €62,877 | €90,588 | +€27,710 | +44.1% |
| Profit (loss) for the period | 9904 | €205,808 | €285,143 | +€79,334 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €205,808 | €285,143 | +€79,334 | +38.5% |
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 26 October 2026 via checked.be.