JH Development: 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 Development
Largest movements
- Cash +€42,057
up €42,057 (+82.0%), from €51,291 to €93,347
mainly Net result for the year (+€28,888) and Depreciation (+€11,415)
- Tangible fixed assets -€7,946
down €7,946 (-17.5%), from €45,397 to €37,451
of which Furniture and vehicles: -€10,316
- Receivables within one year -€2,990
down €2,990 (-50.5%), from €5,925 to €2,934
of which Other amounts receivable: -€3,061
- Reserves +€28,888
up €28,888 (+31.4%), from €91,875 to €120,763
- Tax, wage and social debts +€1,376
up €1,376 (+34.8%), from €3,957 to €5,333
- Depreciation +€4,318
up €4,318 (+60.8%), from €7,097 to €11,415
- Gross operating margin -€3,865
down €3,865 (-7.2%), from €53,713 to €49,848
- Taxes -€1,537
down €1,537 (-15.1%), from €10,162 to €8,625
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 | €104,009 | €135,129 | +€31,120 | +29.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €45,397 | €37,451 | -€7,946 | -17.5% |
| Tangible fixed assets | 22/27 | €45,397 | €37,451 | -€7,946 | -17.5% |
| Plant, machinery and equipment | 23 | €3,540 | €5,910 | +€2,370 | +67.0% |
| Furniture and vehicles | 24 | €41,857 | €31,541 | -€10,316 | -24.6% |
| Current assets | 29/58 | €58,613 | €97,678 | +€39,065 | +66.6% |
| Amounts receivable within one year | 40/41 | €5,925 | €2,934 | -€2,990 | -50.5% |
| Trade receivables | 40 | - | €71 | +€71 | |
| Other amounts receivable | 41 | €5,925 | €2,863 | -€3,061 | -51.7% |
| Cash at bank and in hand | 54/58 | €51,291 | €93,347 | +€42,057 | +82.0% |
| Deferred charges and accrued income | 490/1 | €1,398 | €1,397 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €104,009 | €135,129 | +€31,120 | +29.9% |
| Equity | 10/15 | €94,875 | €123,763 | +€28,888 | +30.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,875 | €120,763 | +€28,888 | +31.4% |
| Distributable reserves | 133 | €91,875 | €120,763 | +€28,888 | +31.4% |
| Amounts payable | 17/49 | €9,134 | €11,366 | +€2,232 | +24.4% |
| Amounts payable within one year | 42/48 | €9,134 | €10,700 | +€1,566 | +17.1% |
| Taxes, remuneration and social security | 45 | €3,957 | €5,333 | +€1,376 | +34.8% |
| Taxes | 450/3 | €3,957 | €5,333 | +€1,376 | +34.8% |
| Other amounts payable | 47/48 | €5,178 | €5,368 | +€190 | +3.7% |
| Accrued charges and deferred income | 492/3 | - | €666 | +€666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,097 | €11,415 | +€4,318 | +60.8% |
| Other operating charges | 640/8 | €803 | €767 | -€37 | -4.6% |
| Gross operating margin | 9900 | €53,713 | €49,848 | -€3,865 | -7.2% |
| Operating profit (loss) | 9901 | €45,813 | €37,667 | -€8,147 | -17.8% |
| Financial charges | 65/66B | €52 | €154 | +€102 | +197% |
| Recurring financial charges | 65 | €52 | €154 | +€102 | +197% |
| Profit (loss) for the period before taxes | 9903 | €45,762 | €37,513 | -€8,248 | -18.0% |
| Income taxes | 67/77 | €10,162 | €8,625 | -€1,537 | -15.1% |
| Profit (loss) for the period | 9904 | €35,600 | €28,888 | -€6,712 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,600 | €28,888 | -€6,712 | -18.9% |
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 14 October 2026 via checked.be.