JH CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets -€57,935
down €57,935 (-11.1%), from €523,728 to €465,793
of which Land and buildings: -€56,825
- Cash -€40,262
down €40,262 (-70.5%), from €57,139 to €16,877
mainly Contributions, distributions and other (-€46,720) and Debts after one year (-€40,794)
- Receivables within one year -€10,110
down €10,110 (-11.7%), from €86,303 to €76,193
of which Trade receivables: -€10,321
- Current investments +€9,511
up €9,511 (+32.2%), from €29,495 to €39,006
- Debts after one year -€40,794
down €40,794 (-54.4%), from €74,937 to €34,143
- Current portion of long-term debt -€33,810
down €33,810 (-45.3%), from €74,598 to €40,788
- Tax, wage and social debts -€32,112
down €32,112 (-71.1%), from €45,195 to €13,083
- Other debts +€17,849
up €17,849 (+34.2%), from €52,257 to €70,106
- Reserves -€10,620
down €10,620 (-2.6%), from €409,392 to €398,772
- Gross operating margin -€164,223
down €164,223 (-58.1%), from €282,781 to €118,558
- Taxes -€48,773
down €48,773 (-76.3%), from €63,885 to €15,112
- Other operating charges +€14,258
up €14,258 (+3,684%), from €387 to €14,645
- Write-downs -€14,000
new in 2025: -€14,000
- Financial income +€8,595
new in 2025: €8,595
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 | €700,422 | €602,924 | -€97,498 | -13.9% |
| Fixed assets | 21/28 | €524,490 | €466,555 | -€57,935 | -11.0% |
| Tangible fixed assets | 22/27 | €523,728 | €465,793 | -€57,935 | -11.1% |
| Land and buildings | 22 | €502,361 | €445,536 | -€56,825 | -11.3% |
| Furniture and vehicles | 24 | €7,955 | €5,913 | -€2,042 | -25.7% |
| Other tangible fixed assets | 26 | €13,412 | €14,344 | +€932 | +6.9% |
| Financial fixed assets | 28 | €762 | €762 | = | 0.0% |
| Current assets | 29/58 | €175,932 | €136,369 | -€39,563 | -22.5% |
| Amounts receivable within one year | 40/41 | €86,303 | €76,193 | -€10,110 | -11.7% |
| Trade receivables | 40 | €60,334 | €50,013 | -€10,321 | -17.1% |
| Other amounts receivable | 41 | €25,969 | €26,180 | +€211 | +0.8% |
| Current investments | 50/53 | €29,495 | €39,006 | +€9,511 | +32.2% |
| Cash at bank and in hand | 54/58 | €57,139 | €16,877 | -€40,262 | -70.5% |
| Deferred charges and accrued income | 490/1 | €2,995 | €4,293 | +€1,298 | +43.3% |
| Total equity and liabilities | 10/49 | €700,422 | €602,924 | -€97,498 | -13.9% |
| Equity | 10/15 | €431,308 | €420,749 | -€10,559 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €409,392 | €398,772 | -€10,620 | -2.6% |
| Distributable reserves | 133 | €409,392 | €398,772 | -€10,620 | -2.6% |
| Profit (loss) carried forward | 14 | €3,316 | €3,377 | +€61 | +1.8% |
| Provisions and deferred taxes | 16 | €22,127 | €22,127 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,127 | €22,127 | = | 0.0% |
| Pensions and similar obligations | 160 | €22,127 | €22,127 | = | 0.0% |
| Amounts payable | 17/49 | €246,987 | €160,048 | -€86,939 | -35.2% |
| Amounts payable after more than one year | 17 | €74,937 | €34,143 | -€40,794 | -54.4% |
| Financial debts | 170/4 | €74,937 | €34,143 | -€40,794 | -54.4% |
| Amounts payable within one year | 42/48 | €172,050 | €125,905 | -€46,145 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €74,598 | €40,788 | -€33,810 | -45.3% |
| Trade debts | 44 | - | €1,928 | +€1,928 | |
| Suppliers | 440/4 | - | €1,928 | +€1,928 | |
| Taxes, remuneration and social security | 45 | €45,195 | €13,083 | -€32,112 | -71.1% |
| Taxes | 450/3 | €45,195 | €13,083 | -€32,112 | -71.1% |
| Other amounts payable | 47/48 | €52,257 | €70,106 | +€17,849 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,880 | €62,958 | +€5,078 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€14,000 | -€14,000 | |
| Other operating charges | 640/8 | €387 | €14,645 | +€14,258 | +3,684% |
| Non-recurring operating charges | 66A | €1,107 | - | -€1,107 | |
| Gross operating margin | 9900 | €282,781 | €118,558 | -€164,223 | -58.1% |
| Operating profit (loss) | 9901 | €223,407 | €54,955 | -€168,452 | -75.4% |
| Financial income | 75/76B | - | €8,595 | +€8,595 | |
| Recurring financial income | 75 | - | €8,595 | +€8,595 | |
| Financial charges | 65/66B | €13,324 | €12,277 | -€1,047 | -7.9% |
| Recurring financial charges | 65 | €13,324 | €12,277 | -€1,047 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €210,083 | €51,273 | -€158,810 | -75.6% |
| Income taxes | 67/77 | €63,885 | €15,112 | -€48,773 | -76.3% |
| Profit (loss) for the period | 9904 | €146,198 | €36,161 | -€110,037 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,198 | €36,161 | -€110,037 | -75.3% |
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 27 October 2026 via checked.be.