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
- Current investments -€4.9m
down €4.9m (-42.8%), from €11.4m to €6.5m
- Financial fixed assets +€2.5m
up €2.5m (+94.4%), from €2.6m to €5.0m
- Cash +€1.8m
up €1.8m (+1,405%), from €126,473 to €1.9m
mainly Current investments (+€4.9m) and Net result for the year (+€84,320)
- Receivables after one year +€500,000
new in 2025: €500,000
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€18.6m
down €18.6m (-98.2%), from €19.0m to €350,827
of which Non-recurring financial income: -€16.4m
- Gross operating margin -€170,337
down €170,337, from €77,940 to -€92,397
- Staff costs -€72,243
down €72,243 (-96.7%), from €74,689 to €2,446
- Taxes -€35,732
down €35,732 (-72.2%), from €49,477 to €13,745
- Financial charges -€20,334
down €20,334 (-48.1%), from €42,290 to €21,955
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 | €14,250,761 | €14,121,513 | -€129,248 | -0.9% |
| Fixed assets | 21/28 | €2,656,829 | €5,084,026 | +€2.4m | +91.4% |
| Tangible fixed assets | 22/27 | €61,829 | €39,026 | -€22,804 | -36.9% |
| Furniture and vehicles | 24 | €61,829 | €39,026 | -€22,804 | -36.9% |
| Financial fixed assets | 28 | €2,595,000 | €5,045,000 | +€2.5m | +94.4% |
| Current assets | 29/58 | €11,593,932 | €9,037,488 | -€2.6m | -22.0% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Amounts receivable within one year | 40/41 | €21,941 | €91,414 | +€69,473 | +317% |
| Trade receivables | 40 | €3,856 | €0 | -€3,856 | -100% |
| Other amounts receivable | 41 | €18,085 | €91,414 | +€73,330 | +405% |
| Current investments | 50/53 | €11,387,548 | €6,516,347 | -€4.9m | -42.8% |
| Cash at bank and in hand | 54/58 | €126,473 | €1,903,091 | +€1.8m | +1,405% |
| Deferred charges and accrued income | 490/1 | €57,970 | €26,636 | -€31,334 | -54.1% |
| Total equity and liabilities | 10/49 | €14,250,761 | €14,121,513 | -€129,248 | -0.9% |
| Equity | 10/15 | €14,118,319 | €14,058,832 | -€59,488 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,099,719 | €14,040,232 | -€59,488 | -0.4% |
| Distributable reserves | 133 | €14,099,719 | €14,040,232 | -€59,488 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,442 | €62,682 | -€69,760 | -52.7% |
| Amounts payable after more than one year | 17 | €32,046 | €13,807 | -€18,239 | -56.9% |
| Financial debts | 170/4 | €32,046 | €13,807 | -€18,239 | -56.9% |
| Amounts payable within one year | 42/48 | €100,396 | €48,875 | -€51,521 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €18,046 | €18,239 | +€193 | +1.1% |
| Financial debts | 43 | €7 | €64 | +€57 | +862% |
| Credit institutions | 430/8 | €7 | €64 | +€57 | +862% |
| Trade debts | 44 | €15,212 | €5,804 | -€9,407 | -61.8% |
| Suppliers | 440/4 | €15,212 | €5,804 | -€9,407 | -61.8% |
| Taxes, remuneration and social security | 45 | €39,727 | €108 | -€39,620 | -99.7% |
| Taxes | 450/3 | €30,479 | €108 | -€30,371 | -99.6% |
| Remuneration and social security | 454/9 | €9,248 | €0 | -€9,248 | -100% |
| Other amounts payable | 47/48 | €27,404 | €24,660 | -€2,744 | -10.0% |
| Remuneration, social security and pensions | 62 | €74,689 | €2,446 | -€72,243 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,772 | €22,804 | +€31 | +0.1% |
| Other operating charges | 640/8 | €3,485 | €4,381 | +€896 | +25.7% |
| Non-recurring operating charges | 66A | €74,616 | €108,779 | +€34,163 | +45.8% |
| Gross operating margin | 9900 | €77,940 | -€92,397 | -€170,337 | |
| Operating profit (loss) | 9901 | -€97,622 | -€230,806 | -€133,185 | -136% |
| Financial income | 75/76B | €18,983,324 | €350,827 | -€18.6m | -98.2% |
| Recurring financial income | 75 | €2,556,115 | €350,827 | -€2.2m | -86.3% |
| Non-recurring financial income | 76B | €16,427,209 | €0 | -€16.4m | -100% |
| Financial charges | 65/66B | €42,290 | €21,955 | -€20,334 | -48.1% |
| Recurring financial charges | 65 | €42,290 | €21,955 | -€20,334 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €18,843,412 | €98,065 | -€18.7m | -99.5% |
| Income taxes | 67/77 | €49,477 | €13,745 | -€35,732 | -72.2% |
| Profit (loss) for the period | 9904 | €18,793,936 | €84,320 | -€18.7m | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,793,936 | €84,320 | -€18.7m | -99.6% |
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 28 October 2026 via checked.be.