JHH: 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.
JHH
Largest movements
- Cash -€286,112
down €286,112 (-83.6%), from €342,129 to €56,018
mainly Debts after one year (-€382,507) and Contributions, distributions and other (-€125,602)
- Receivables after one year +€114,165
up €114,165, from €0 to €114,165
- Tangible fixed assets -€57,472
down €57,472 (-18.0%), from €319,850 to €262,378
of which Leasing and similar rights: -€33,700
- Receivables within one year +€24,200
up €24,200 (+1,113%), from €2,173 to €26,373
of which Trade receivables: +€24,200
- Debts after one year -€382,507
down €382,507 (-35.5%), from €1.1m to €694,167
of which Other amounts payable: -€382,507
- Reserves +€108,335
up €108,335 (+22.8%), from €474,168 to €582,503
of which Distributable reserves: +€108,335
- Tax, wage and social debts +€48,528
up €48,528 (+70.7%), from €68,592 to €117,120
of which Taxes: +€51,028
- Other debts +€43,574
new in 2025: €43,574
- Current portion of long-term debt -€29,279
down €29,279 (-31.1%), from €94,279 to €65,000
- Financial income +€195,615
up €195,615 (+4,370%), from €4,477 to €200,092
- Gross operating margin -€44,371
down €44,371 (-20.8%), from €213,003 to €168,632
- Financial charges -€29,562
down €29,562 (-64.7%), from €45,722 to €16,160
- Depreciation +€14,054
up €14,054 (+24.7%), from €56,798 to €70,852
- Taxes +€8,177
up €8,177 (+21.7%), from €37,731 to €45,907
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 | €1,778,561 | €1,570,873 | -€207,688 | -11.7% |
| Fixed assets | 21/28 | €1,427,350 | €1,369,878 | -€57,472 | -4.0% |
| Tangible fixed assets | 22/27 | €319,850 | €262,378 | -€57,472 | -18.0% |
| Land and buildings | 22 | €200,366 | €188,085 | -€12,281 | -6.1% |
| Plant, machinery and equipment | 23 | €85,784 | €67,036 | -€18,748 | -21.9% |
| Furniture and vehicles | 24 | - | €7,258 | +€7,258 | |
| Leasing and similar rights | 25 | €33,700 | €0 | -€33,700 | -100% |
| Financial fixed assets | 28 | €1,107,500 | €1,107,500 | = | 0.0% |
| Current assets | 29/58 | €351,211 | €200,995 | -€150,216 | -42.8% |
| Amounts receivable after more than one year | 29 | €0 | €114,165 | +€114,165 | |
| Other amounts receivable | 291 | €0 | €114,165 | +€114,165 | |
| Amounts receivable within one year | 40/41 | €2,173 | €26,373 | +€24,200 | +1,113% |
| Trade receivables | 40 | €0 | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €2,173 | €2,173 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €342,129 | €56,018 | -€286,112 | -83.6% |
| Deferred charges and accrued income | 490/1 | €6,908 | €4,439 | -€2,470 | -35.8% |
| Total equity and liabilities | 10/49 | €1,778,561 | €1,570,873 | -€207,688 | -11.7% |
| Equity | 10/15 | €524,168 | €632,503 | +€108,335 | +20.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €474,168 | €582,503 | +€108,335 | +22.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €474,168 | €582,503 | +€108,335 | +22.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,254,393 | €938,370 | -€316,023 | -25.2% |
| Amounts payable after more than one year | 17 | €1,076,673 | €694,167 | -€382,507 | -35.5% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,076,673 | €694,167 | -€382,507 | -35.5% |
| Amounts payable within one year | 42/48 | €164,173 | €230,732 | +€66,559 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €94,279 | €65,000 | -€29,279 | -31.1% |
| Trade debts | 44 | €1,302 | €5,038 | +€3,736 | +287% |
| Suppliers | 440/4 | €1,302 | €5,038 | +€3,736 | +287% |
| Taxes, remuneration and social security | 45 | €68,592 | €117,120 | +€48,528 | +70.7% |
| Taxes | 450/3 | €58,892 | €109,920 | +€51,028 | +86.6% |
| Remuneration and social security | 454/9 | €9,700 | €7,200 | -€2,500 | -25.8% |
| Other amounts payable | 47/48 | - | €43,574 | +€43,574 | |
| Accrued charges and deferred income | 492/3 | €13,547 | €13,471 | -€76 | -0.6% |
| Non-recurring operating income | 76A | €13,500 | €0 | -€13,500 | -100% |
| Remuneration, social security and pensions | 62 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,798 | €70,852 | +€14,054 | +24.7% |
| Other operating charges | 640/8 | €1,829 | €1,856 | +€27 | +1.5% |
| Non-recurring operating charges | 66A | €738 | €0 | -€738 | -100% |
| Gross operating margin | 9900 | €213,003 | €168,632 | -€44,371 | -20.8% |
| Operating profit (loss) | 9901 | €153,639 | €95,913 | -€57,726 | -37.6% |
| Financial income | 75/76B | €4,477 | €200,092 | +€195,615 | +4,370% |
| Recurring financial income | 75 | €4,477 | €200,092 | +€195,615 | +4,370% |
| Financial charges | 65/66B | €45,722 | €16,160 | -€29,562 | -64.7% |
| Recurring financial charges | 65 | €45,722 | €16,160 | -€29,562 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €112,393 | €279,845 | +€167,452 | +149% |
| Income taxes | 67/77 | €37,731 | €45,907 | +€8,177 | +21.7% |
| Profit (loss) for the period | 9904 | €74,663 | €233,938 | +€159,275 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €74,663 | €233,938 | +€159,275 | +213% |
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 24 October 2026 via checked.be.