JHV: 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.
JHV
Largest movements
- Cash +€19,570
up €19,570 (+39.6%), from €49,463 to €69,033
mainly Net result for the year (+€19,248) and Tax, wage and social debts (+€11,816)
- Receivables within one year +€10,209
up €10,209 (+16.1%), from €63,304 to €73,513
- Reserves +€19,248
up €19,248 (+21.8%), from €88,201 to €107,448
- Tax, wage and social debts +€11,816
up €11,816 (+50.9%), from €23,195 to €35,010
- Gross operating margin -€42,772
down €42,772 (-60.2%), from €71,033 to €28,260
- Taxes -€12,022
down €12,022 (-66.1%), from €18,174 to €6,152
- Financial charges +€1,320
up €1,320 (+733.1%), from €180 to €1,500
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 | €113,716 | €144,864 | +€31,148 | +27.4% |
| Fixed assets | 21/28 | €808 | €1,185 | +€376 | +46.6% |
| Tangible fixed assets | 22/27 | €808 | €1,185 | +€376 | +46.6% |
| Plant, machinery and equipment | 23 | €808 | €1,185 | +€376 | +46.6% |
| Current assets | 29/58 | €112,908 | €143,680 | +€30,772 | +27.3% |
| Amounts receivable within one year | 40/41 | €63,304 | €73,513 | +€10,209 | +16.1% |
| Other amounts receivable | 41 | €63,304 | €73,513 | +€10,209 | +16.1% |
| Cash at bank and in hand | 54/58 | €49,463 | €69,033 | +€19,570 | +39.6% |
| Deferred charges and accrued income | 490/1 | €141 | €1,134 | +€993 | +705.6% |
| Total equity and liabilities | 10/49 | €113,716 | €144,864 | +€31,148 | +27.4% |
| Equity | 10/15 | €90,201 | €109,448 | +€19,248 | +21.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €88,201 | €107,448 | +€19,248 | +21.8% |
| Distributable reserves | 133 | €88,201 | €107,448 | +€19,248 | +21.8% |
| Amounts payable | 17/49 | €23,516 | €35,416 | +€11,900 | +50.6% |
| Amounts payable within one year | 42/48 | €23,516 | €35,416 | +€11,900 | +50.6% |
| Trade debts | 44 | €321 | €406 | +€85 | +26.5% |
| Suppliers | 440/4 | €321 | €406 | +€85 | +26.5% |
| Taxes, remuneration and social security | 45 | €23,195 | €35,010 | +€11,816 | +50.9% |
| Taxes | 450/3 | €23,195 | €35,010 | +€11,816 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €772 | +€343 | +79.9% |
| Other operating charges | 640/8 | €568 | €589 | +€21 | +3.6% |
| Gross operating margin | 9900 | €71,033 | €28,260 | -€42,772 | -60.2% |
| Operating profit (loss) | 9901 | €70,035 | €26,900 | -€43,136 | -61.6% |
| Financial charges | 65/66B | €180 | €1,500 | +€1,320 | +733.1% |
| Recurring financial charges | 65 | €180 | €1,500 | +€1,320 | +733.1% |
| Profit (loss) for the period before taxes | 9903 | €69,855 | €25,400 | -€44,455 | -63.6% |
| Income taxes | 67/77 | €18,174 | €6,152 | -€12,022 | -66.1% |
| Profit (loss) for the period | 9904 | €51,681 | €19,248 | -€32,434 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,681 | €19,248 | -€32,434 | -62.8% |
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 9 October 2026 via checked.be.