JHB: what changed
Two fiscal 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.
JHB
Largest movements
- Cash +€33,780
up €33,780 (+33.8%), from €99,886 to €133,666
mainly Net result for the year (+€47,234) and Debts after one year (+€19,492)
- Tangible fixed assets +€27,283
up €27,283 (+79.5%), from €34,314 to €61,597
of which Furniture and vehicles: +€27,283
- Reserves +€47,234
up €47,234 (+56.7%), from €83,245 to €130,479
- Debts after one year +€19,492
up €19,492 (+93.9%), from €20,749 to €40,241
- Tax, wage and social debts -€4,625
down €4,625 (-26.1%), from €17,704 to €13,079
of which Taxes: -€4,633
- Gross operating margin +€6,845
up €6,845 (+9.8%), from €69,949 to €76,795
- Depreciation -€5,708
down €5,708 (-40.6%), from €14,074 to €8,366
- Taxes +€1,414
up €1,414 (+12.8%), from €11,048 to €12,462
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.
Cash bridge derived
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 | €153,719 | €215,576 | +€61,857 | +40.2% |
| Fixed assets | 21/28 | €34,314 | €61,597 | +€27,283 | +79.5% |
| Tangible fixed assets | 22/27 | €34,314 | €61,597 | +€27,283 | +79.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €34,314 | €61,597 | +€27,283 | +79.5% |
| Current assets | 29/58 | €119,405 | €153,979 | +€34,573 | +29.0% |
| Amounts receivable within one year | 40/41 | €18,115 | €19,081 | +€966 | +5.3% |
| Trade receivables | 40 | €18,115 | €11,581 | -€6,534 | -36.1% |
| Other amounts receivable | 41 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €99,886 | €133,666 | +€33,780 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,404 | €1,232 | -€173 | -12.3% |
| Total equity and liabilities | 10/49 | €153,719 | €215,576 | +€61,857 | +40.2% |
| Equity | 10/15 | €86,245 | €133,479 | +€47,234 | +54.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,245 | €130,479 | +€47,234 | +56.7% |
| Distributable reserves | 133 | €83,245 | €130,479 | +€47,234 | +56.7% |
| Amounts payable | 17/49 | €67,474 | €82,097 | +€14,623 | +21.7% |
| Amounts payable after more than one year | 17 | €20,749 | €40,241 | +€19,492 | +93.9% |
| Financial debts | 170/4 | €20,749 | €40,241 | +€19,492 | +93.9% |
| Amounts payable within one year | 42/48 | €45,225 | €40,356 | -€4,868 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €11,492 | €10,483 | -€1,009 | -8.8% |
| Trade debts | 44 | - | €872 | +€872 | |
| Suppliers | 440/4 | - | €872 | +€872 | |
| Taxes, remuneration and social security | 45 | €17,704 | €13,079 | -€4,625 | -26.1% |
| Taxes | 450/3 | €14,676 | €10,043 | -€4,633 | -31.6% |
| Remuneration and social security | 454/9 | €3,028 | €3,036 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €16,029 | €15,922 | -€107 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,074 | €8,366 | -€5,708 | -40.6% |
| Other operating charges | 640/8 | €126 | €655 | +€529 | +420.5% |
| Non-recurring operating charges | 66A | - | €5,873 | +€5,873 | |
| Gross operating margin | 9900 | €69,949 | €76,795 | +€6,845 | +9.8% |
| Operating profit (loss) | 9901 | €55,750 | €61,901 | +€6,151 | +11.0% |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Financial charges | 65/66B | €2,219 | €2,381 | +€161 | +7.3% |
| Recurring financial charges | 65 | €2,219 | €2,381 | +€161 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €53,531 | €59,696 | +€6,165 | +11.5% |
| Income taxes | 67/77 | €11,048 | €12,462 | +€1,414 | +12.8% |
| Profit (loss) for the period | 9904 | €42,482 | €47,234 | +€4,751 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,482 | €47,234 | +€4,751 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.