JHO: 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.
JHO
Largest movements
- Tangible fixed assets -€17,739
down €17,739 (-34.8%), from €51,035 to €33,296
of which Plant, machinery and equipment: -€10,574
- Cash +€12,088
up €12,088 (+150.3%), from €8,040 to €20,128
mainly Depreciation (+€18,542) and Other debts (+€9,269)
- Deferred charges and accrued income +€2,006
up €2,006 (+1216.7%), from €165 to €2,171
- Reserves -€11,397
down €11,397 (-47.8%), from €23,861 to €12,464
- Other debts +€9,269
up €9,269 (+73.2%), from €12,659 to €21,928
- Debts after one year -€6,758
down €6,758 (-44.1%), from €15,321 to €8,563
- Tax, wage and social debts +€2,740
up €2,740 (+19.2%), from €14,272 to €17,012
of which Taxes: +€4,564
- Trade debts +€2,420
up €2,420 (+104.3%), from €2,319 to €4,739
- Gross operating margin -€2,197
down €2,197 (-6.7%), from €32,758 to €30,561
- Financial charges +€945
up €945, from -€314 to €631
- Taxes -€624
down €624 (-12.0%), from €5,194 to €4,571
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 | €84,045 | €80,400 | -€3,645 | -4.3% |
| Fixed assets | 21/28 | €51,035 | €33,296 | -€17,739 | -34.8% |
| Tangible fixed assets | 22/27 | €51,035 | €33,296 | -€17,739 | -34.8% |
| Plant, machinery and equipment | 23 | €38,906 | €28,332 | -€10,574 | -27.2% |
| Furniture and vehicles | 24 | €12,129 | €4,964 | -€7,164 | -59.1% |
| Current assets | 29/58 | €33,010 | €47,104 | +€14,094 | +42.7% |
| Amounts receivable within one year | 40/41 | €24,805 | €24,805 | = | 0.0% |
| Trade receivables | 40 | €24,805 | €24,805 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,040 | €20,128 | +€12,088 | +150.3% |
| Deferred charges and accrued income | 490/1 | €165 | €2,171 | +€2,006 | +1216.7% |
| Total equity and liabilities | 10/49 | €84,045 | €80,400 | -€3,645 | -4.3% |
| Equity | 10/15 | €32,797 | €21,399 | -€11,397 | -34.8% |
| Contributions | 10/11 | €1,295 | €1,295 | = | 0.0% |
| Reserves | 13 | €23,861 | €12,464 | -€11,397 | -47.8% |
| Distributable reserves | 133 | €23,861 | €12,464 | -€11,397 | -47.8% |
| Profit (loss) carried forward | 14 | €7,641 | €7,641 | = | 0.0% |
| Amounts payable | 17/49 | €51,248 | €59,000 | +€7,753 | +15.1% |
| Amounts payable after more than one year | 17 | €15,321 | €8,563 | -€6,758 | -44.1% |
| Financial debts | 170/4 | €15,321 | €8,563 | -€6,758 | -44.1% |
| Amounts payable within one year | 42/48 | €35,926 | €50,437 | +€14,511 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €6,676 | €6,758 | +€82 | +1.2% |
| Trade debts | 44 | €2,319 | €4,739 | +€2,420 | +104.3% |
| Suppliers | 440/4 | €2,319 | €4,739 | +€2,420 | +104.3% |
| Taxes, remuneration and social security | 45 | €14,272 | €17,012 | +€2,740 | +19.2% |
| Taxes | 450/3 | €12,448 | €17,012 | +€4,564 | +36.7% |
| Remuneration and social security | 454/9 | €1,824 | - | -€1,824 | |
| Other amounts payable | 47/48 | €12,659 | €21,928 | +€9,269 | +73.2% |
| Non-recurring operating income | 76A | - | €1,741 | +€1,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,603 | €18,542 | -€62 | -0.3% |
| Other operating charges | 640/8 | €1,786 | €1,844 | +€58 | +3.2% |
| Gross operating margin | 9900 | €32,758 | €30,561 | -€2,197 | -6.7% |
| Operating profit (loss) | 9901 | €12,369 | €10,176 | -€2,193 | -17.7% |
| Financial charges | 65/66B | -€314 | €631 | +€945 | |
| Recurring financial charges | 65 | -€314 | €631 | +€945 | |
| Profit (loss) for the period before taxes | 9903 | €12,683 | €9,545 | -€3,138 | -24.7% |
| Income taxes | 67/77 | €5,194 | €4,571 | -€624 | -12.0% |
| Profit (loss) for the period | 9904 | €7,489 | €4,975 | -€2,515 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,489 | €4,975 | -€2,515 | -33.6% |
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 3 October 2026 via checked.be.