JH PROJECTS: 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 PROJECTS
Largest movements
- Cash +€32,862
up €32,862 (+88.1%), from €37,303 to €70,165
mainly Net result for the year (+€21,375) and Receivables within one year (+€13,977)
- Receivables within one year -€13,977
down €13,977 (-34.6%), from €40,392 to €26,415
of which Trade receivables: -€21,256
- Tangible fixed assets -€5,895
down €5,895 (-26.4%), from €22,361 to €16,465
of which Leasing and similar rights: -€6,560
- Deferred charges and accrued income +€1,530
up €1,530 (+97.4%), from €1,571 to €3,101
- Reserves +€21,375
up €21,375 (+27.3%), from €78,306 to €99,682
- Debts after one year -€7,054
down €7,054 (-57.1%), from €12,358 to €5,304
- Gross operating margin -€14,493
down €14,493 (-26.0%), from €55,651 to €41,159
- Taxes -€2,830
down €2,830 (-29.4%), from €9,641 to €6,811
- Financial charges +€1,514
up €1,514 (+114%), from €1,330 to €2,845
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 | €101,627 | €116,147 | +€14,520 | +14.3% |
| Fixed assets | 21/28 | €22,361 | €16,465 | -€5,895 | -26.4% |
| Tangible fixed assets | 22/27 | €22,361 | €16,465 | -€5,895 | -26.4% |
| Plant, machinery and equipment | 23 | €477 | €325 | -€152 | -31.8% |
| Furniture and vehicles | 24 | €1,377 | €2,194 | +€816 | +59.3% |
| Leasing and similar rights | 25 | €20,507 | €13,947 | -€6,560 | -32.0% |
| Current assets | 29/58 | €79,266 | €99,681 | +€20,415 | +25.8% |
| Amounts receivable within one year | 40/41 | €40,392 | €26,415 | -€13,977 | -34.6% |
| Trade receivables | 40 | €30,416 | €9,160 | -€21,256 | -69.9% |
| Other amounts receivable | 41 | €9,976 | €17,255 | +€7,280 | +73.0% |
| Cash at bank and in hand | 54/58 | €37,303 | €70,165 | +€32,862 | +88.1% |
| Deferred charges and accrued income | 490/1 | €1,571 | €3,101 | +€1,530 | +97.4% |
| Total equity and liabilities | 10/49 | €101,627 | €116,147 | +€14,520 | +14.3% |
| Equity | 10/15 | €81,306 | €102,682 | +€21,375 | +26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €78,306 | €99,682 | +€21,375 | +27.3% |
| Distributable reserves | 133 | €78,306 | €99,682 | +€21,375 | +27.3% |
| Amounts payable | 17/49 | €20,320 | €13,465 | -€6,855 | -33.7% |
| Amounts payable after more than one year | 17 | €12,358 | €5,304 | -€7,054 | -57.1% |
| Financial debts | 170/4 | €12,358 | €5,304 | -€7,054 | -57.1% |
| Amounts payable within one year | 42/48 | €7,962 | €8,161 | +€199 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €6,705 | €7,054 | +€349 | +5.2% |
| Trade debts | 44 | €970 | €1,070 | +€101 | +10.4% |
| Suppliers | 440/4 | €970 | €1,070 | +€101 | +10.4% |
| Taxes, remuneration and social security | 45 | €287 | €37 | -€251 | -87.2% |
| Taxes | 450/3 | €287 | €37 | -€251 | -87.2% |
| Remuneration, social security and pensions | 62 | €2,016 | €2,025 | +€9 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,963 | €7,051 | +€88 | +1.3% |
| Other operating charges | 640/8 | €735 | €1,059 | +€324 | +44.0% |
| Gross operating margin | 9900 | €55,651 | €41,159 | -€14,493 | -26.0% |
| Operating profit (loss) | 9901 | €45,937 | €31,024 | -€14,913 | -32.5% |
| Financial income | 75/76B | €0 | €7 | +€7 | +10,000% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +10,000% |
| Financial charges | 65/66B | €1,330 | €2,845 | +€1,514 | +114% |
| Recurring financial charges | 65 | €1,330 | €2,845 | +€1,514 | +114% |
| Profit (loss) for the period before taxes | 9903 | €44,607 | €28,186 | -€16,420 | -36.8% |
| Income taxes | 67/77 | €9,641 | €6,811 | -€2,830 | -29.4% |
| Profit (loss) for the period | 9904 | €34,966 | €21,375 | -€13,590 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,966 | €21,375 | -€13,590 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.