JHN: 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.
JHN
Largest movements
- Receivables within one year +€618,045
up €618,045 (+535%), from €115,433 to €733,479
of which Other amounts receivable: +€568,648
- Tangible fixed assets +€312,882
up €312,882 (+48.2%), from €649,570 to €962,452
of which Land and buildings: +€313,100
- Financial fixed assets +€248,880
new in 2025: €248,880
- Other debts +€1.3m
up €1.3m (+583%), from €230,299 to €1.6m
- Profit (loss) carried forward -€92,459
new in 2025: -€92,459
- Debts after one year -€37,965
down €37,965 (-10.8%), from €352,712 to €314,747
- Short-term financial debts -€34,367
down €34,367 (-98.2%), from €35,000 to €633
- Gross operating margin -€188,767
down €188,767 (-76.6%), from €246,395 to €57,628
- Depreciation +€55,811
up €55,811 (+158%), from €35,315 to €91,126
- Staff costs +€35,882
new in 2025: €35,882
- Taxes -€30,938
down €30,938 (-100.0%), from €30,939 to €0
- Other operating charges -€5,347
down €5,347 (-60.2%), from €8,878 to €3,530
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 | €767,631 | €1,947,231 | +€1.2m | +154% |
| Fixed assets | 21/28 | €651,579 | €1,212,881 | +€561,302 | +86.1% |
| Intangible fixed assets | 21 | €2,010 | €1,550 | -€460 | -22.9% |
| Tangible fixed assets | 22/27 | €649,570 | €962,452 | +€312,882 | +48.2% |
| Land and buildings | 22 | €648,646 | €961,746 | +€313,100 | +48.3% |
| Plant, machinery and equipment | 23 | €924 | €706 | -€218 | -23.6% |
| Financial fixed assets | 28 | - | €248,880 | +€248,880 | |
| Current assets | 29/58 | €116,051 | €734,350 | +€618,299 | +533% |
| Amounts receivable within one year | 40/41 | €115,433 | €733,479 | +€618,045 | +535% |
| Trade receivables | 40 | €15,545 | €64,942 | +€49,397 | +318% |
| Other amounts receivable | 41 | €99,889 | €668,537 | +€568,648 | +569% |
| Cash at bank and in hand | 54/58 | €178 | €90 | -€87 | -49.2% |
| Deferred charges and accrued income | 490/1 | €440 | €781 | +€341 | +77.4% |
| Total equity and liabilities | 10/49 | €767,631 | €1,947,231 | +€1.2m | +154% |
| Equity | 10/15 | €101,822 | €9,363 | -€92,459 | -90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,222 | €83,222 | = | 0.0% |
| Distributable reserves | 133 | €83,222 | €83,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€92,459 | -€92,459 | |
| Amounts payable | 17/49 | €665,809 | €1,937,869 | +€1.3m | +191% |
| Amounts payable after more than one year | 17 | €352,712 | €314,747 | -€37,965 | -10.8% |
| Financial debts | 170/4 | €352,712 | €314,747 | -€37,965 | -10.8% |
| Amounts payable within one year | 42/48 | €308,595 | €1,618,814 | +€1.3m | +425% |
| Current portion of amounts payable after more than one year | 42 | €34,247 | €37,408 | +€3,161 | +9.2% |
| Financial debts | 43 | €35,000 | €633 | -€34,367 | -98.2% |
| Credit institutions | 430/8 | €35,000 | €633 | -€34,367 | -98.2% |
| Trade debts | 44 | €8,860 | €7,755 | -€1,104 | -12.5% |
| Suppliers | 440/4 | €8,860 | €7,755 | -€1,104 | -12.5% |
| Taxes, remuneration and social security | 45 | €190 | - | -€190 | |
| Taxes | 450/3 | €190 | - | -€190 | |
| Other amounts payable | 47/48 | €230,299 | €1,573,018 | +€1.3m | +583% |
| Accrued charges and deferred income | 492/3 | €4,502 | €4,307 | -€195 | -4.3% |
| Remuneration, social security and pensions | 62 | - | €35,882 | +€35,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,315 | €91,126 | +€55,811 | +158% |
| Other operating charges | 640/8 | €8,878 | €3,530 | -€5,347 | -60.2% |
| Gross operating margin | 9900 | €246,395 | €57,628 | -€188,767 | -76.6% |
| Operating profit (loss) | 9901 | €202,202 | -€72,910 | -€275,113 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +175% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +175% |
| Financial charges | 65/66B | €18,559 | €19,550 | +€991 | +5.3% |
| Recurring financial charges | 65 | €18,559 | €19,550 | +€991 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €183,644 | -€92,459 | -€276,103 | |
| Income taxes | 67/77 | €30,939 | €0 | -€30,938 | -100.0% |
| Profit (loss) for the period | 9904 | €152,705 | -€92,459 | -€245,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,705 | -€92,459 | -€245,165 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.