JHD: 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.
What changed
JHD
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€160,611
2024 · €38,643+€121,968
Equity
€949,744
2024 · €789,133+€160,611
Cash
€27,798
2024 · €27,889-€91
Balance sheet total
€10.8m
2024 · €10.0m+€854,605
Largest movements
Assets
- Receivables within one year +€653,595
up €653,595 (+84.2%), from €776,301 to €1.4m
of which Other amounts receivable: +€657,889
- Tangible fixed assets +€198,666
up €198,666 (+2.3%), from €8.7m to €8.9m
of which Land and buildings: +€317,769
Equity and liabilities
- Other debts +€700,927
up €700,927 (+22.6%), from €3.1m to €3.8m
- Profit (loss) carried forward +€160,611
up €160,611, from -€87,167 to €73,444
Income statement
- Financial income +€501,601
up €501,601 (+13598.8%), from €3,689 to €505,290
- Gross operating margin -€214,627
down €214,627 (-24.3%), from €884,408 to €669,781
- Depreciation +€66,512
up €66,512 (+12.3%), from €541,041 to €607,553
- Financial charges +€52,150
up €52,150 (+23.6%), from €220,551 to €272,701
- Other operating charges +€34,504
up €34,504 (+57.8%), from €59,692 to €94,196
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.
Result 2024
€38,643
Gross operating margin
-€214,627
Depreciation
-€66,512
Other operating charges
-€34,504
Other operating items
-€5,358
Financial income
+€501,601
Financial charges
-€52,150
Taxes
-€6,482
Result 2025
€160,611
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.
From operations
+€731,825
Investment
-€806,219
Financing
+€74,304
Cash 2024
€27,889
From operations (derived)
+€731,825
Net result for the year
+€160,611
Depreciation
+€607,553
Receivables within one year
-€653,595
Deferred charges and accrued income
-€2,435
Trade debts
-€87,067
Tax, wage and social debts
+€5,832
Other debts
+€700,927
Investment (derived)
-€806,219
Investment in fixed assets (net)
-€806,219
Financing
+€74,304
Debts after one year
-€44,836
Current portion of long-term debt
+€33,758
Short-term financial debts
+€85,382
Cash 2025
€27,798
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,991,940 | €10,846,545 | +€854,605 | +8.6% |
| Fixed assets | 21/28 | €9,007,143 | €9,205,809 | +€198,666 | +2.2% |
| Tangible fixed assets | 22/27 | €8,669,308 | €8,867,975 | +€198,666 | +2.3% |
| Land and buildings | 22 | €7,388,014 | €7,705,783 | +€317,769 | +4.3% |
| Plant, machinery and equipment | 23 | €92,536 | €86,604 | -€5,932 | -6.4% |
| Furniture and vehicles | 24 | €123,504 | €92,127 | -€31,376 | -25.4% |
| Leasing and similar rights | 25 | €1,065,254 | €983,460 | -€81,794 | -7.7% |
| Financial fixed assets | 28 | €337,835 | €337,835 | = | 0.0% |
| Current assets | 29/58 | €984,797 | €1,640,736 | +€655,939 | +66.6% |
| Amounts receivable after more than one year | 29 | €167,442 | €167,442 | = | 0.0% |
| Other amounts receivable | 291 | €167,442 | €167,442 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €776,301 | €1,429,896 | +€653,595 | +84.2% |
| Trade receivables | 40 | €150,022 | €145,728 | -€4,294 | -2.9% |
| Other amounts receivable | 41 | €626,278 | €1,284,167 | +€657,889 | +105.0% |
| Cash at bank and in hand | 54/58 | €27,889 | €27,798 | -€91 | -0.3% |
| Deferred charges and accrued income | 490/1 | €13,166 | €15,601 | +€2,435 | +18.5% |
| Total equity and liabilities | 10/49 | €9,991,940 | €10,846,545 | +€854,605 | +8.6% |
| Equity | 10/15 | €789,133 | €949,744 | +€160,611 | +20.4% |
| Contributions | 10/11 | €356,300 | €356,300 | = | 0.0% |
| Reserves | 13 | €520,000 | €520,000 | = | 0.0% |
| Distributable reserves | 133 | €520,000 | €520,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,167 | €73,444 | +€160,611 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €9,202,807 | €9,896,802 | +€693,994 | +7.5% |
| Amounts payable after more than one year | 17 | €5,305,437 | €5,260,600 | -€44,836 | -0.8% |
| Financial debts | 170/4 | €5,305,437 | €5,260,600 | -€44,836 | -0.8% |
| Amounts payable within one year | 42/48 | €3,897,371 | €4,636,201 | +€738,831 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €615,473 | €649,232 | +€33,758 | +5.5% |
| Financial debts | 43 | €20,904 | €106,286 | +€85,382 | +408.4% |
| Credit institutions | 430/8 | €20,904 | €106,286 | +€85,382 | +408.4% |
| Trade debts | 44 | €160,563 | €73,496 | -€87,067 | -54.2% |
| Suppliers | 440/4 | €160,563 | €73,496 | -€87,067 | -54.2% |
| Taxes, remuneration and social security | 45 | €0 | €5,832 | +€5,832 | |
| Taxes | 450/3 | €0 | €5,832 | +€5,832 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,100,430 | €3,801,356 | +€700,927 | +22.6% |
| Non-recurring operating income | 76A | €612 | €0 | -€612 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541,041 | €607,553 | +€66,512 | +12.3% |
| Other operating charges | 640/8 | €59,692 | €94,196 | +€34,504 | +57.8% |
| Non-recurring operating charges | 66A | €5,142 | €10,500 | +€5,358 | +104.2% |
| Gross operating margin | 9900 | €884,408 | €669,781 | -€214,627 | -24.3% |
| Operating profit (loss) | 9901 | €278,534 | -€42,467 | -€321,001 | |
| Financial income | 75/76B | €3,689 | €505,290 | +€501,601 | +13598.8% |
| Recurring financial income | 75 | €3,689 | €505,290 | +€501,601 | +13598.8% |
| Financial charges | 65/66B | €220,551 | €272,701 | +€52,150 | +23.6% |
| Recurring financial charges | 65 | €220,551 | €272,701 | +€52,150 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €61,671 | €190,122 | +€128,450 | +208.3% |
| Income taxes | 67/77 | €23,028 | €29,511 | +€6,482 | +28.1% |
| Profit (loss) for the period | 9904 | €38,643 | €160,611 | +€121,968 | +315.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,643 | €160,611 | +€121,968 | +315.6% |
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 11 October 2026 via checked.be.