JRH SECURITY CONSULTING: 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.
JRH SECURITY CONSULTING
Largest movements
- Tangible fixed assets +€421,724
up €421,724 (+81.4%), from €518,168 to €939,893
of which Land and buildings: +€423,185
- Cash -€40,477
down €40,477 (-84.2%), from €48,099 to €7,622
mainly Investment in fixed assets (net) (-€493,775) and Receivables within one year (-€28,133)
- Receivables within one year +€28,133
up €28,133 (+151%), from €18,640 to €46,773
of which Trade receivables: +€28,133
- Debts after one year +€224,331
up €224,331 (+67.8%), from €330,873 to €555,204
- Other debts +€128,460
up €128,460 (+2,047%), from €6,277 to €134,737
- Trade debts +€31,636
up €31,636 (+1,144%), from €2,765 to €34,400
- Current portion of long-term debt +€14,101
up €14,101 (+87.1%), from €16,189 to €30,290
- Depreciation +€47,883
up €47,883 (+198%), from €24,168 to €72,051
- Gross operating margin +€14,728
up €14,728 (+17.7%), from €83,094 to €97,822
- Taxes -€12,552
down €12,552 (-85.1%), from €14,752 to €2,200
- Financial charges +€12,492
up €12,492 (+209%), from €5,976 to €18,468
- Other operating charges +€1,431
up €1,431 (+142%), from €1,005 to €2,436
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 | €588,275 | €996,111 | +€407,836 | +69.3% |
| Fixed assets | 21/28 | €518,168 | €939,893 | +€421,724 | +81.4% |
| Tangible fixed assets | 22/27 | €518,168 | €939,893 | +€421,724 | +81.4% |
| Land and buildings | 22 | €505,868 | €929,054 | +€423,185 | +83.7% |
| Furniture and vehicles | 24 | €12,300 | €10,839 | -€1,461 | -11.9% |
| Current assets | 29/58 | €70,106 | €56,218 | -€13,888 | -19.8% |
| Amounts receivable within one year | 40/41 | €18,640 | €46,773 | +€28,133 | +151% |
| Trade receivables | 40 | €18,392 | €46,525 | +€28,133 | +153% |
| Other amounts receivable | 41 | €248 | €248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,099 | €7,622 | -€40,477 | -84.2% |
| Deferred charges and accrued income | 490/1 | €3,368 | €1,823 | -€1,545 | -45.9% |
| Total equity and liabilities | 10/49 | €588,275 | €996,111 | +€407,836 | +69.3% |
| Equity | 10/15 | €227,190 | €229,250 | +€2,060 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €220,990 | €223,050 | +€2,060 | +0.9% |
| Non-distributable reserves | 130/1 | €108 | €108 | = | 0.0% |
| Legal reserve | 130 | €108 | €108 | = | 0.0% |
| Distributable reserves | 133 | €220,882 | €222,942 | +€2,060 | +0.9% |
| Amounts payable | 17/49 | €361,084 | €766,861 | +€405,776 | +112% |
| Amounts payable after more than one year | 17 | €330,873 | €555,204 | +€224,331 | +67.8% |
| Financial debts | 170/4 | €330,873 | €555,204 | +€224,331 | +67.8% |
| Amounts payable within one year | 42/48 | €30,211 | €211,657 | +€181,446 | +601% |
| Current portion of amounts payable after more than one year | 42 | €16,189 | €30,290 | +€14,101 | +87.1% |
| Financial debts | 43 | - | €3,453 | +€3,453 | |
| Other loans | 439 | - | €3,453 | +€3,453 | |
| Trade debts | 44 | €2,765 | €34,400 | +€31,636 | +1,144% |
| Suppliers | 440/4 | €2,765 | €34,400 | +€31,636 | +1,144% |
| Taxes, remuneration and social security | 45 | €4,981 | €8,777 | +€3,796 | +76.2% |
| Taxes | 450/3 | €4,981 | €8,777 | +€3,796 | +76.2% |
| Other amounts payable | 47/48 | €6,277 | €134,737 | +€128,460 | +2,047% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,168 | €72,051 | +€47,883 | +198% |
| Other operating charges | 640/8 | €1,005 | €2,436 | +€1,431 | +142% |
| Gross operating margin | 9900 | €83,094 | €97,822 | +€14,728 | +17.7% |
| Operating profit (loss) | 9901 | €57,921 | €23,335 | -€34,586 | -59.7% |
| Financial income | 75/76B | €237 | €193 | -€44 | -18.4% |
| Recurring financial income | 75 | €237 | €193 | -€44 | -18.4% |
| Financial charges | 65/66B | €5,976 | €18,468 | +€12,492 | +209% |
| Recurring financial charges | 65 | €5,976 | €18,468 | +€12,492 | +209% |
| Profit (loss) for the period before taxes | 9903 | €52,182 | €5,060 | -€47,122 | -90.3% |
| Income taxes | 67/77 | €14,752 | €2,200 | -€12,552 | -85.1% |
| Profit (loss) for the period | 9904 | €37,430 | €2,860 | -€34,570 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,430 | €2,860 | -€34,570 | -92.4% |
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 23 October 2026 via checked.be.