JHM Conseil: 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.
JHM Conseil
Largest movements
- Receivables within one year +€103,971
up €103,971 (+184%), from €56,428 to €160,399
of which Other amounts receivable: +€70,307
- Cash +€36,808
up €36,808 (+2,601%), from €1,415 to €38,223
mainly Other debts (+€183,396) and Net result for the year (+€112,670)
- Other debts +€183,396
new in 2025: €183,396
- Reserves -€49,023
no longer reported in 2025 (was €49,023)
- Debts after one year -€24,170
down €24,170 (-4.1%), from €592,984 to €568,814
- Tax, wage and social debts +€20,854
up €20,854 (+136%), from €15,340 to €36,194
- Gross operating margin +€188,727
up €188,727 (+3,123%), from €6,044 to €194,771
- Taxes +€34,410
new in 2025: €34,410
- Other operating charges +€9,843
up €9,843 (+3,292%), from €299 to €10,142
- Financial charges +€3,111
up €3,111 (+14.1%), from €22,010 to €25,121
- Financial income +€2,515
up €2,515 (+79.1%), from €3,179 to €5,694
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 | €692,135 | €820,163 | +€128,028 | +18.5% |
| Fixed assets | 21/28 | €627,142 | €621,163 | -€5,979 | -1.0% |
| Tangible fixed assets | 22/27 | €627,142 | €621,163 | -€5,979 | -1.0% |
| Land and buildings | 22 | €622,181 | €617,596 | -€4,585 | -0.7% |
| Plant, machinery and equipment | 23 | €837 | €614 | -€223 | -26.6% |
| Furniture and vehicles | 24 | €4,124 | €2,953 | -€1,171 | -28.4% |
| Current assets | 29/58 | €64,993 | €199,000 | +€134,007 | +206% |
| Amounts receivable within one year | 40/41 | €56,428 | €160,399 | +€103,971 | +184% |
| Trade receivables | 40 | - | €33,664 | +€33,664 | |
| Other amounts receivable | 41 | €56,428 | €126,735 | +€70,307 | +125% |
| Current investments | 50/53 | €7,150 | - | -€7,150 | |
| Cash at bank and in hand | 54/58 | €1,415 | €38,223 | +€36,808 | +2,601% |
| Deferred charges and accrued income | 490/1 | - | €378 | +€378 | |
| Total equity and liabilities | 10/49 | €692,135 | €820,163 | +€128,028 | +18.5% |
| Equity | 10/15 | €49,523 | €500 | -€49,023 | -99.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €49,023 | - | -€49,023 | |
| Distributable reserves | 133 | €49,023 | - | -€49,023 | |
| Amounts payable | 17/49 | €642,612 | €819,663 | +€177,051 | +27.6% |
| Amounts payable after more than one year | 17 | €592,984 | €568,814 | -€24,170 | -4.1% |
| Financial debts | 170/4 | €592,984 | €568,814 | -€24,170 | -4.1% |
| Amounts payable within one year | 42/48 | €49,628 | €250,849 | +€201,221 | +405% |
| Current portion of amounts payable after more than one year | 42 | €25,124 | €24,170 | -€954 | -3.8% |
| Trade debts | 44 | €9,164 | €7,089 | -€2,075 | -22.6% |
| Suppliers | 440/4 | €9,164 | €7,089 | -€2,075 | -22.6% |
| Taxes, remuneration and social security | 45 | €15,340 | €36,194 | +€20,854 | +136% |
| Taxes | 450/3 | €15,340 | €36,194 | +€20,854 | +136% |
| Other amounts payable | 47/48 | - | €183,396 | +€183,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,301 | €18,122 | -€179 | -1.0% |
| Other operating charges | 640/8 | €299 | €10,142 | +€9,843 | +3,292% |
| Gross operating margin | 9900 | €6,044 | €194,771 | +€188,727 | +3,123% |
| Operating profit (loss) | 9901 | -€12,556 | €166,507 | +€179,063 | |
| Financial income | 75/76B | €3,179 | €5,694 | +€2,515 | +79.1% |
| Recurring financial income | 75 | €3,179 | €5,694 | +€2,515 | +79.1% |
| Financial charges | 65/66B | €22,010 | €25,121 | +€3,111 | +14.1% |
| Recurring financial charges | 65 | €22,010 | €25,121 | +€3,111 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,387 | €147,080 | +€178,467 | |
| Income taxes | 67/77 | - | €34,410 | +€34,410 | |
| Profit (loss) for the period | 9904 | -€31,387 | €112,670 | +€144,057 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,387 | €112,670 | +€144,057 |
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 28 October 2026 via checked.be.