JHAGH: 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.
JHAGH
Largest movements
- Stocks and contracts +€2,404
up €2,404 (+5.5%), from €43,804 to €46,208
- Cash -€1,335
down €1,335 (-19.6%), from €6,797 to €5,462
mainly Tax, wage and social debts (-€10,400) and Other debts (-€4,311)
- Trade debts +€12,413
up €12,413 (+1,098%), from €1,130 to €13,543
- Tax, wage and social debts -€10,400
down €10,400 (-51.7%), from €20,130 to €9,730
of which Remuneration and social security: -€11,597
- Other debts -€4,311
down €4,311 (-41.2%), from €10,452 to €6,141
- Profit (loss) carried forward +€3,353
up €3,353 (+27.0%), from €12,413 to €15,766
- Gross operating margin +€7,364
up €7,364 (+12.3%), from €60,049 to €67,413
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 | €52,565 | €53,620 | +€1,055 | +2.0% |
| Current assets | 29/58 | €52,565 | €53,620 | +€1,055 | +2.0% |
| Stocks and contracts in progress | 3 | €43,804 | €46,208 | +€2,404 | +5.5% |
| Stocks | 30/36 | €43,804 | €46,208 | +€2,404 | +5.5% |
| Amounts receivable within one year | 40/41 | €1,964 | €1,950 | -€14 | -0.7% |
| Other amounts receivable | 41 | €1,964 | €1,950 | -€14 | -0.7% |
| Cash at bank and in hand | 54/58 | €6,797 | €5,462 | -€1,335 | -19.6% |
| Total equity and liabilities | 10/49 | €52,565 | €53,620 | +€1,055 | +2.0% |
| Equity | 10/15 | €20,853 | €24,206 | +€3,353 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €2,240 | €2,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,240 | €2,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,240 | €2,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,413 | €15,766 | +€3,353 | +27.0% |
| Amounts payable | 17/49 | €31,712 | €29,414 | -€2,298 | -7.2% |
| Amounts payable within one year | 42/48 | €31,712 | €29,414 | -€2,298 | -7.2% |
| Trade debts | 44 | €1,130 | €13,543 | +€12,413 | +1,098% |
| Suppliers | 440/4 | €1,130 | €13,543 | +€12,413 | +1,098% |
| Taxes, remuneration and social security | 45 | €20,130 | €9,730 | -€10,400 | -51.7% |
| Taxes | 450/3 | €3,758 | €4,955 | +€1,197 | +31.9% |
| Remuneration and social security | 454/9 | €16,372 | €4,775 | -€11,597 | -70.8% |
| Other amounts payable | 47/48 | €10,452 | €6,141 | -€4,311 | -41.2% |
| Turnover | 70 | €595,836 | €597,256 | +€1,420 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €535,787 | €529,843 | -€5,944 | -1.1% |
| Remuneration, social security and pensions | 62 | €57,098 | €61,686 | +€4,588 | +8.0% |
| Other operating charges | 640/8 | €1,020 | €1,386 | +€366 | +35.9% |
| Gross operating margin | 9900 | €60,049 | €67,413 | +€7,364 | +12.3% |
| Operating profit (loss) | 9901 | €1,931 | €4,341 | +€2,410 | +125% |
| Financial charges | 65/66B | €136 | €150 | +€14 | +10.3% |
| Recurring financial charges | 65 | €136 | €150 | +€14 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,795 | €4,191 | +€2,396 | +133% |
| Income taxes | 67/77 | - | €838 | +€838 | |
| Profit (loss) for the period | 9904 | €1,795 | €3,353 | +€1,558 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,795 | €3,353 | +€1,558 | +86.8% |
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 20 October 2026 via checked.be.