PJHL: 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.
What changed
PJHL
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,678
2024 · €47,519-€2,841
Equity
€7.1m
2024 · €7.1m+€44,678
Cash
€29,366
2024 · €19,245+€10,120
Balance sheet total
€7.4m
2024 · €7.3m+€67,657
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€154,831
up €154,831 (+157.1%), from €98,559 to €253,389
- Tax, wage and social debts -€135,718
down €135,718 (-71.4%), from €190,058 to €54,341
of which Taxes: -€135,663
Income statement
- Financial income -€4,871
down €4,871 (-27.4%), from €17,768 to €12,896
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.
Result 2024
€47,519
Other operating income
-€179
Services and other goods
-€582
Other operating charges
+€121
Financial income
-€4,871
Financial charges
+€463
Taxes
+€2,206
Result 2025
€44,678
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.
From operations
+€10,120
Investment
€0
Financing
€0
Cash 2024
€19,245
From operations (derived)
+€10,120
Net result for the year
+€44,678
Receivables within one year
-€58,947
Deferred charges and accrued income
+€1,411
Trade debts
+€3,865
Tax, wage and social debts
-€135,718
Other debts
+€154,831
Cash 2025
€29,366
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,349,153 | €7,416,810 | +€67,657 | +0.9% |
| Fixed assets | 21/28 | €6,896,000 | €6,896,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,896,000 | €6,896,000 | = | 0.0% |
| Affiliated companies | 280/1 | €6,896,000 | €6,896,000 | = | 0.0% |
| Participating interests | 280 | €6,896,000 | €6,896,000 | = | 0.0% |
| Current assets | 29/58 | €453,153 | €520,810 | +€67,657 | +14.9% |
| Amounts receivable within one year | 40/41 | €432,497 | €491,445 | +€58,947 | +13.6% |
| Trade receivables | 40 | €35,736 | €35,736 | = | 0.0% |
| Other amounts receivable | 41 | €396,762 | €455,709 | +€58,947 | +14.9% |
| Cash at bank and in hand | 54/58 | €19,245 | €29,366 | +€10,120 | +52.6% |
| Deferred charges and accrued income | 490/1 | €1,411 | - | -€1,411 | |
| Total equity and liabilities | 10/49 | €7,349,153 | €7,416,810 | +€67,657 | +0.9% |
| Equity | 10/15 | €7,059,096 | €7,103,775 | +€44,678 | +0.6% |
| Contributions | 10/11 | €6,896,000 | €6,896,000 | = | 0.0% |
| Reserves | 13 | €163,096 | €207,775 | +€44,678 | +27.4% |
| Distributable reserves | 133 | €163,096 | €207,775 | +€44,678 | +27.4% |
| Amounts payable | 17/49 | €290,057 | €313,035 | +€22,978 | +7.9% |
| Amounts payable within one year | 42/48 | €290,057 | €313,035 | +€22,978 | +7.9% |
| Trade debts | 44 | €1,440 | €5,305 | +€3,865 | +268.4% |
| Suppliers | 440/4 | €1,440 | €5,305 | +€3,865 | +268.4% |
| Taxes, remuneration and social security | 45 | €190,058 | €54,341 | -€135,718 | -71.4% |
| Taxes | 450/3 | €180,242 | €44,579 | -€135,663 | -75.3% |
| Remuneration and social security | 454/9 | €9,816 | €9,762 | -€54 | -0.6% |
| Other amounts payable | 47/48 | €98,559 | €253,389 | +€154,831 | +157.1% |
| Operating income | 70/76A | €338,694 | €338,516 | -€179 | -0.1% |
| Turnover | 70 | €336,000 | €336,000 | = | 0.0% |
| Other operating income | 74 | €2,694 | €2,516 | -€179 | -6.6% |
| Operating charges | 60/66A | €285,595 | €286,055 | +€460 | +0.2% |
| Services and other goods | 61 | €282,842 | €283,424 | +€582 | +0.2% |
| Other operating charges | 640/8 | €2,753 | €2,631 | -€121 | -4.4% |
| Operating profit (loss) | 9901 | €53,100 | €52,461 | -€639 | -1.2% |
| Financial income | 75/76B | €17,768 | €12,896 | -€4,871 | -27.4% |
| Recurring financial income | 75 | €17,768 | €12,896 | -€4,871 | -27.4% |
| Other financial income | 752/9 | €17,768 | €12,896 | -€4,871 | -27.4% |
| Financial charges | 65/66B | €6,071 | €5,608 | -€463 | -7.6% |
| Recurring financial charges | 65 | €6,071 | €5,608 | -€463 | -7.6% |
| Debt charges | 650 | - | €5,274 | +€5,274 | |
| Other financial charges | 652/9 | €6,071 | €333 | -€5,738 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €64,797 | €59,749 | -€5,047 | -7.8% |
| Income taxes | 67/77 | €17,277 | €15,071 | -€2,206 | -12.8% |
| Taxes | 670/3 | €17,277 | €15,071 | -€2,206 | -12.8% |
| Profit (loss) for the period | 9904 | €47,519 | €44,678 | -€2,841 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,519 | €44,678 | -€2,841 | -6.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.