JHK: 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.
JHK
Largest movements
- Tangible fixed assets -€12,430
down €12,430 (-3.0%), from €418,303 to €405,873
- Cash +€4,722
new in 2025: €4,722
mainly Other debts (+€32,440) and Depreciation (+€15,093)
- Other debts +€32,440
up €32,440 (+17.7%), from €183,751 to €216,191
- Debts after one year -€21,722
down €21,722 (-23.3%), from €93,086 to €71,364
of which Financial debts: -€21,722
- Current portion of long-term debt -€7,674
down €7,674 (-26.2%), from €29,294 to €21,620
- Profit (loss) carried forward -€6,551
down €6,551, from €1,692 to -€4,859
- Short-term financial debts -€4,393
no longer reported in 2025 (was €4,393)
- Gross operating margin -€9,880
down €9,880 (-32.3%), from €30,583 to €20,703
- Other operating charges -€6,037
down €6,037 (-62.4%), from €9,680 to €3,643
- Financial charges -€1,739
down €1,739 (-17.0%), from €10,257 to €8,518
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 | €419,814 | €411,130 | -€8,684 | -2.1% |
| Fixed assets | 21/28 | €418,303 | €405,873 | -€12,430 | -3.0% |
| Tangible fixed assets | 22/27 | €418,303 | €405,873 | -€12,430 | -3.0% |
| Land and buildings | 22 | €418,303 | €405,873 | -€12,430 | -3.0% |
| Current assets | 29/58 | €1,511 | €5,257 | +€3,746 | +247.9% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | - | €4,722 | +€4,722 | |
| Deferred charges and accrued income | 490/1 | €511 | €535 | +€24 | +4.7% |
| Total equity and liabilities | 10/49 | €419,814 | €411,130 | -€8,684 | -2.1% |
| Equity | 10/15 | €105,358 | €98,807 | -€6,551 | -6.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €40,666 | €40,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,482 | €1,482 | = | 0.0% |
| Distributable reserves | 133 | €32,884 | €32,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,692 | -€4,859 | -€6,551 | |
| Amounts payable | 17/49 | €314,456 | €312,323 | -€2,133 | -0.7% |
| Amounts payable after more than one year | 17 | €93,086 | €71,364 | -€21,722 | -23.3% |
| Financial debts | 170/4 | €89,486 | €67,764 | -€21,722 | -24.3% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €219,319 | €239,759 | +€20,440 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €29,294 | €21,620 | -€7,674 | -26.2% |
| Financial debts | 43 | €4,393 | - | -€4,393 | |
| Credit institutions | 430/8 | €4,393 | - | -€4,393 | |
| Trade debts | 44 | €1,881 | €1,948 | +€67 | +3.6% |
| Suppliers | 440/4 | €1,881 | €1,948 | +€67 | +3.6% |
| Other amounts payable | 47/48 | €183,751 | €216,191 | +€32,440 | +17.7% |
| Accrued charges and deferred income | 492/3 | €2,051 | €1,200 | -€851 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,044 | €15,093 | +€49 | +0.3% |
| Other operating charges | 640/8 | €9,680 | €3,643 | -€6,037 | -62.4% |
| Gross operating margin | 9900 | €30,583 | €20,703 | -€9,880 | -32.3% |
| Operating profit (loss) | 9901 | €5,859 | €1,967 | -€3,892 | -66.4% |
| Financial charges | 65/66B | €10,257 | €8,518 | -€1,739 | -17.0% |
| Recurring financial charges | 65 | €10,257 | €8,518 | -€1,739 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,398 | -€6,551 | -€2,153 | -49.0% |
| Profit (loss) for the period | 9904 | -€4,398 | -€6,551 | -€2,153 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,398 | -€6,551 | -€2,153 | -49.0% |
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.