JHF Belgium: what changed
JHF Belgium
Largest movements
- Receivables within one year -€40,739
down €40,739 (-32.5%), from €125,474 to €84,734
of which Trade receivables: -€42,208
- Cash +€32,435
up €32,435 (+246%), from €13,191 to €45,626
mainly Receivables within one year (+€40,739) and Depreciation (+€12,640)
- Tangible fixed assets +€4,115
up €4,115 (+23.9%), from €17,231 to €21,346
of which Furniture and vehicles: +€14,024
- Other debts +€11,085
up €11,085 (+32.5%), from €34,071 to €45,157
- Profit (loss) carried forward +€9,661
up €9,661 (+12.2%), from €79,064 to €88,725
- Advances received -€9,114
down €9,114 (-7.4%), from €122,878 to €113,765
- Debts after one year -€8,468
down €8,468 (-44.6%), from €18,972 to €10,504
- Trade debts -€6,579
down €6,579 (-16.8%), from €39,263 to €32,684
- Purchases and services -€9,328
down €9,328 (-3.3%), from €282,086 to €272,758
- Gross operating margin +€5,672
up €5,672 (+5.4%), from €106,022 to €111,694
- Staff costs +€5,283
up €5,283 (+7.0%), from €75,330 to €80,612
- Financial charges -€2,003
down €2,003 (-89.7%), from €2,234 to €231
- Other operating charges +€1,162
up €1,162 (+51.4%), from €2,263 to €3,425
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,565 | €337,376 | -€4,189 | -1.2% |
| Fixed assets | 21/28 | €17,231 | €21,346 | +€4,115 | +23.9% |
| Tangible fixed assets | 22/27 | €17,231 | €21,346 | +€4,115 | +23.9% |
| Furniture and vehicles | 24 | - | €14,024 | +€14,024 | |
| Leasing and similar rights | 25 | €17,231 | €7,322 | -€9,909 | -57.5% |
| Current assets | 29/58 | €324,335 | €316,030 | -€8,304 | -2.6% |
| Stocks and contracts in progress | 3 | €185,670 | €185,670 | = | 0.0% |
| Stocks | 30/36 | €185,670 | €185,670 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,474 | €84,734 | -€40,739 | -32.5% |
| Trade receivables | 40 | €122,599 | €80,391 | -€42,208 | -34.4% |
| Other amounts receivable | 41 | €2,875 | €4,344 | +€1,469 | +51.1% |
| Cash at bank and in hand | 54/58 | €13,191 | €45,626 | +€32,435 | +246% |
| Total equity and liabilities | 10/49 | €341,565 | €337,376 | -€4,189 | -1.2% |
| Equity | 10/15 | €99,524 | €109,185 | +€9,661 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,064 | €88,725 | +€9,661 | +12.2% |
| Amounts payable | 17/49 | €242,041 | €228,191 | -€13,850 | -5.7% |
| Amounts payable after more than one year | 17 | €18,972 | €10,504 | -€8,468 | -44.6% |
| Financial debts | 170/4 | €18,972 | €10,504 | -€8,468 | -44.6% |
| Amounts payable within one year | 42/48 | €223,070 | €217,687 | -€5,382 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €9,645 | €8,468 | -€1,177 | -12.2% |
| Trade debts | 44 | €39,263 | €32,684 | -€6,579 | -16.8% |
| Suppliers | 440/4 | €39,263 | €32,684 | -€6,579 | -16.8% |
| Advances received on contracts in progress | 46 | €122,878 | €113,765 | -€9,114 | -7.4% |
| Taxes, remuneration and social security | 45 | €17,212 | €17,614 | +€402 | +2.3% |
| Taxes | 450/3 | €2,075 | €4,587 | +€2,512 | +121% |
| Remuneration and social security | 454/9 | €15,137 | €13,027 | -€2,110 | -13.9% |
| Other amounts payable | 47/48 | €34,071 | €45,157 | +€11,085 | +32.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €282,086 | €272,758 | -€9,328 | -3.3% |
| Remuneration, social security and pensions | 62 | €75,330 | €80,612 | +€5,283 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,070 | €12,640 | -€430 | -3.3% |
| Other operating charges | 640/8 | €2,263 | €3,425 | +€1,162 | +51.4% |
| Gross operating margin | 9900 | €106,022 | €111,694 | +€5,672 | +5.4% |
| Operating profit (loss) | 9901 | €15,359 | €15,016 | -€343 | -2.2% |
| Financial charges | 65/66B | €2,234 | €231 | -€2,003 | -89.7% |
| Recurring financial charges | 65 | €2,234 | €231 | -€2,003 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €13,126 | €14,786 | +€1,660 | +12.6% |
| Income taxes | 67/77 | €5,897 | €5,124 | -€772 | -13.1% |
| Profit (loss) for the period | 9904 | €7,229 | €9,661 | +€2,432 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,229 | €9,661 | +€2,432 | +33.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.