JHG: 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.
JHG
Largest movements
- Cash +€82,757
up €82,757 (+215.8%), from €38,352 to €121,108
mainly Net result for the year (+€83,421) and Tax, wage and social debts (+€1,555)
- Tangible fixed assets +€1,393
new in 2025: €1,393
- Profit (loss) carried forward +€83,421
up €83,421 (+275.1%), from €30,328 to €113,749
- Tax, wage and social debts +€1,555
up €1,555 (+28.1%), from €5,533 to €7,089
- Gross operating margin +€69,175
up €69,175 (+169.1%), from €40,918 to €110,092
- Taxes +€14,470
up €14,470 (+171.1%), from €8,456 to €22,926
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 | €40,519 | €124,746 | +€84,227 | +207.9% |
| Fixed assets | 21/28 | - | €1,393 | +€1,393 | |
| Tangible fixed assets | 22/27 | - | €1,393 | +€1,393 | |
| Plant, machinery and equipment | 23 | - | €1,393 | +€1,393 | |
| Current assets | 29/58 | €40,519 | €123,353 | +€82,833 | +204.4% |
| Amounts receivable within one year | 40/41 | €1,512 | €1,564 | +€52 | +3.4% |
| Trade receivables | 40 | - | €25 | +€25 | |
| Other amounts receivable | 41 | €1,512 | €1,539 | +€27 | +1.8% |
| Cash at bank and in hand | 54/58 | €38,352 | €121,108 | +€82,757 | +215.8% |
| Deferred charges and accrued income | 490/1 | €656 | €681 | +€25 | +3.8% |
| Total equity and liabilities | 10/49 | €40,519 | €124,746 | +€84,227 | +207.9% |
| Equity | 10/15 | €30,828 | €114,249 | +€83,421 | +270.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,328 | €113,749 | +€83,421 | +275.1% |
| Amounts payable | 17/49 | €9,691 | €10,497 | +€806 | +8.3% |
| Amounts payable within one year | 42/48 | €9,441 | €10,247 | +€806 | +8.5% |
| Trade debts | 44 | €3,562 | €2,774 | -€788 | -22.1% |
| Suppliers | 440/4 | €3,562 | €2,774 | -€788 | -22.1% |
| Taxes, remuneration and social security | 45 | €5,533 | €7,089 | +€1,555 | +28.1% |
| Taxes | 450/3 | €5,533 | €7,089 | +€1,555 | +28.1% |
| Other amounts payable | 47/48 | €346 | €384 | +€38 | +11.1% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €117 | +€117 | |
| Other operating charges | 640/8 | €959 | €1,230 | +€271 | +28.3% |
| Gross operating margin | 9900 | €40,918 | €110,092 | +€69,175 | +169.1% |
| Operating profit (loss) | 9901 | €39,958 | €108,745 | +€68,787 | +172.1% |
| Financial charges | 65/66B | €2,355 | €2,398 | +€43 | +1.8% |
| Recurring financial charges | 65 | €2,355 | €2,398 | +€43 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €37,603 | €106,347 | +€68,744 | +182.8% |
| Income taxes | 67/77 | €8,456 | €22,926 | +€14,470 | +171.1% |
| Profit (loss) for the period | 9904 | €29,147 | €83,421 | +€54,274 | +186.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,147 | €83,421 | +€54,274 | +186.2% |
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 9 October 2026 via checked.be.