JH CONCEPT: 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.
JH CONCEPT
Largest movements
- Cash -€172,601
down €172,601 (-54.4%), from €317,236 to €144,635
mainly Debts after one year (-€167,651) and Contributions, distributions and other (-€41,034)
- Debts after one year -€167,651
down €167,651 (-100.0%), from €167,651 to €0
- Reserves -€41,034
down €41,034 (-100.0%), from €41,034 to €0
- Other debts +€39,034
new in 2025: €39,034
- Gross operating margin -€70,114
down €70,114 (-99.4%), from €70,508 to €394
- Taxes -€10,297
down €10,297 (-100.0%), from €10,297 to €0
- Financial charges -€7,255
down €7,255 (-53.9%), from €13,456 to €6,201
- Depreciation -€4,734
down €4,734 (-100.0%), from €4,734 to €0
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 | €785,286 | €612,853 | -€172,434 | -22.0% |
| Fixed assets | 21/28 | €171,787 | €167,826 | -€3,961 | -2.3% |
| Tangible fixed assets | 22/27 | €163,865 | €163,865 | = | 0.0% |
| Land and buildings | 22 | €163,865 | €163,865 | = | 0.0% |
| Financial fixed assets | 28 | €7,922 | €3,961 | -€3,961 | -50.0% |
| Current assets | 29/58 | €613,499 | €445,026 | -€168,473 | -27.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €296,263 | €300,391 | +€4,128 | +1.4% |
| Other amounts receivable | 41 | €296,263 | €300,391 | +€4,128 | +1.4% |
| Cash at bank and in hand | 54/58 | €317,236 | €144,635 | -€172,601 | -54.4% |
| Total equity and liabilities | 10/49 | €785,286 | €612,853 | -€172,434 | -22.0% |
| Equity | 10/15 | €606,314 | €558,360 | -€47,955 | -7.9% |
| Contributions | 10/11 | €565,280 | €565,280 | = | 0.0% |
| Reserves | 13 | €41,034 | €0 | -€41,034 | -100.0% |
| Distributable reserves | 133 | €41,034 | €0 | -€41,034 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€6,920 | -€6,920 | |
| Amounts payable | 17/49 | €178,972 | €54,493 | -€124,479 | -69.6% |
| Amounts payable after more than one year | 17 | €167,651 | €0 | -€167,651 | -100.0% |
| Financial debts | 170/4 | €167,651 | €0 | -€167,651 | -100.0% |
| Amounts payable within one year | 42/48 | €11,321 | €54,493 | +€43,172 | +381.3% |
| Trade debts | 44 | €7,055 | €7,227 | +€171 | +2.4% |
| Suppliers | 440/4 | €7,055 | €7,227 | +€171 | +2.4% |
| Taxes, remuneration and social security | 45 | €4,266 | €8,233 | +€3,967 | +93.0% |
| Taxes | 450/3 | €4,266 | €8,233 | +€3,967 | +93.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €39,034 | +€39,034 | |
| Non-recurring operating income | 76A | €79,269 | €0 | -€79,269 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,734 | €0 | -€4,734 | -100.0% |
| Other operating charges | 640/8 | €2,331 | €1,668 | -€663 | -28.5% |
| Gross operating margin | 9900 | €70,508 | €394 | -€70,114 | -99.4% |
| Operating profit (loss) | 9901 | €63,442 | -€1,274 | -€64,716 | |
| Financial income | 75/76B | - | €555 | +€555 | |
| Recurring financial income | 75 | - | €555 | +€555 | |
| Financial charges | 65/66B | €13,456 | €6,201 | -€7,255 | -53.9% |
| Recurring financial charges | 65 | €13,456 | €6,201 | -€7,255 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €49,986 | -€6,920 | -€56,907 | |
| Income taxes | 67/77 | €10,297 | €0 | -€10,297 | -100.0% |
| Profit (loss) for the period | 9904 | €39,689 | -€6,920 | -€46,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,689 | -€6,920 | -€46,610 |
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 10 October 2026 via checked.be.