JHJ: 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.
JHJ
Largest movements
- Cash +€35,042
up €35,042 (+1073.2%), from €3,265 to €38,307
mainly Other debts (+€46,212) and Receivables within one year (+€26,448)
- Receivables within one year -€26,448
down €26,448 (-38.7%), from €68,334 to €41,885
of which Trade receivables: -€29,083
- Tangible fixed assets -€10,388
down €10,388 (-35.5%), from €29,284 to €18,895
of which Plant, machinery and equipment: -€9,775
- Deferred charges and accrued income +€1,073
new in 2025: €1,073
- Other debts +€46,212
up €46,212 (+323.6%), from €14,281 to €60,493
- Profit (loss) carried forward -€18,105
down €18,105 (-78.8%), from €22,980 to €4,875
- Trade debts -€15,765
down €15,765 (-55.2%), from €28,565 to €12,801
- Debts after one year -€14,713
down €14,713 (-71.0%), from €20,731 to €6,019
- Current portion of long-term debt +€1,649
up €1,649 (+11.6%), from €14,225 to €15,874
- Turnover -€136,404
down €136,404 (-72.8%), from €187,342 to €50,937
- Purchases and services -€85,439
down €85,439 (-56.1%), from €152,163 to €66,724
- Gross operating margin -€74,785
down €74,785, from €67,255 to -€7,531
- Other operating charges -€32,063
no longer reported in 2025 (was €32,063)
- Taxes -€9,873
down €9,873, from €8,341 to -€1,533
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 | €100,882 | €100,161 | -€721 | -0.7% |
| Fixed assets | 21/28 | €29,284 | €18,895 | -€10,388 | -35.5% |
| Tangible fixed assets | 22/27 | €29,284 | €18,895 | -€10,388 | -35.5% |
| Plant, machinery and equipment | 23 | €27,444 | €17,669 | -€9,775 | -35.6% |
| Furniture and vehicles | 24 | €1,840 | €1,226 | -€613 | -33.3% |
| Current assets | 29/58 | €71,599 | €81,266 | +€9,667 | +13.5% |
| Amounts receivable within one year | 40/41 | €68,334 | €41,885 | -€26,448 | -38.7% |
| Trade receivables | 40 | €62,176 | €33,093 | -€29,083 | -46.8% |
| Other amounts receivable | 41 | €6,157 | €8,792 | +€2,635 | +42.8% |
| Cash at bank and in hand | 54/58 | €3,265 | €38,307 | +€35,042 | +1073.2% |
| Deferred charges and accrued income | 490/1 | - | €1,073 | +€1,073 | |
| Total equity and liabilities | 10/49 | €100,882 | €100,161 | -€721 | -0.7% |
| Equity | 10/15 | €23,080 | €4,975 | -€18,105 | -78.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,980 | €4,875 | -€18,105 | -78.8% |
| Amounts payable | 17/49 | €77,803 | €95,186 | +€17,384 | +22.3% |
| Amounts payable after more than one year | 17 | €20,731 | €6,019 | -€14,713 | -71.0% |
| Financial debts | 170/4 | €20,731 | €6,019 | -€14,713 | -71.0% |
| Amounts payable within one year | 42/48 | €57,071 | €89,168 | +€32,096 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €14,225 | €15,874 | +€1,649 | +11.6% |
| Trade debts | 44 | €28,565 | €12,801 | -€15,765 | -55.2% |
| Suppliers | 440/4 | €28,565 | €12,801 | -€15,765 | -55.2% |
| Other amounts payable | 47/48 | €14,281 | €60,493 | +€46,212 | +323.6% |
| Turnover | 70 | €187,342 | €50,937 | -€136,404 | -72.8% |
| Non-recurring operating income | 76A | €26,514 | - | -€26,514 | |
| Goods, raw materials, services and sundry goods | 60/61 | €152,163 | €66,724 | -€85,439 | -56.1% |
| Remuneration, social security and pensions | 62 | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,329 | €10,388 | +€2,059 | +24.7% |
| Other operating charges | 640/8 | €32,063 | - | -€32,063 | |
| Gross operating margin | 9900 | €67,255 | -€7,531 | -€74,785 | |
| Operating profit (loss) | 9901 | €26,616 | -€17,919 | -€44,535 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €3,039 | €1,718 | -€1,320 | -43.5% |
| Recurring financial charges | 65 | €3,039 | €1,718 | -€1,320 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €23,587 | -€19,637 | -€43,224 | |
| Income taxes | 67/77 | €8,341 | -€1,533 | -€9,873 | |
| Profit (loss) for the period | 9904 | €15,246 | -€18,105 | -€33,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,246 | -€18,105 | -€33,351 |
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 8 October 2026 via checked.be.