TeamJH1: 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.
TeamJH1
Largest movements
- Cash -€46,679
down €46,679 (-89.9%), from €51,902 to €5,222
mainly Contributions, distributions and other (-€63,887) and Investment in fixed assets (net) (-€24,418)
- Tangible fixed assets +€19,639
up €19,639 (+296%), from €6,627 to €26,266
- Receivables within one year -€2,028
down €2,028 (-3.2%), from €64,088 to €62,059
of which Trade receivables: -€21,503
- Reserves -€54,682
down €54,682 (-49.6%), from €110,282 to €55,601
- Debts after one year +€14,370
new in 2025: €14,370
- Tax, wage and social debts +€7,453
up €7,453 (+169%), from €4,420 to €11,873
- Current portion of long-term debt +€3,787
up €3,787, from €0 to €3,787
- Gross operating margin +€7,161
up €7,161 (+52.0%), from €13,769 to €20,930
- Taxes +€1,436
up €1,436 (+41.7%), from €3,440 to €4,876
- Other operating charges +€1,023
up €1,023 (+142%), from €722 to €1,745
- Financial income +€325
new in 2025: €325
- Financial charges +€284
up €284 (+77.6%), from €366 to €650
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 | €123,140 | €94,098 | -€29,042 | -23.6% |
| Fixed assets | 21/28 | €6,627 | €26,266 | +€19,639 | +296% |
| Tangible fixed assets | 22/27 | €6,627 | €26,266 | +€19,639 | +296% |
| Furniture and vehicles | 24 | €6,627 | €26,266 | +€19,639 | +296% |
| Current assets | 29/58 | €116,513 | €67,833 | -€48,680 | -41.8% |
| Amounts receivable within one year | 40/41 | €64,088 | €62,059 | -€2,028 | -3.2% |
| Trade receivables | 40 | €63,562 | €42,059 | -€21,503 | -33.8% |
| Other amounts receivable | 41 | €526 | €20,000 | +€19,474 | +3,705% |
| Cash at bank and in hand | 54/58 | €51,902 | €5,222 | -€46,679 | -89.9% |
| Deferred charges and accrued income | 490/1 | €524 | €552 | +€28 | +5.3% |
| Total equity and liabilities | 10/49 | €123,140 | €94,098 | -€29,042 | -23.6% |
| Equity | 10/15 | €113,282 | €58,601 | -€54,682 | -48.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,282 | €55,601 | -€54,682 | -49.6% |
| Distributable reserves | 133 | €110,282 | €55,601 | -€54,682 | -49.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,858 | €35,498 | +€25,640 | +260% |
| Amounts payable after more than one year | 17 | - | €14,370 | +€14,370 | |
| Financial debts | 170/4 | - | €14,370 | +€14,370 | |
| Amounts payable within one year | 42/48 | €9,473 | €20,471 | +€10,998 | +116% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,787 | +€3,787 | |
| Trade debts | 44 | €3,237 | €2,785 | -€452 | -14.0% |
| Suppliers | 440/4 | €3,237 | €2,785 | -€452 | -14.0% |
| Taxes, remuneration and social security | 45 | €4,420 | €11,873 | +€7,453 | +169% |
| Taxes | 450/3 | €4,420 | €11,873 | +€7,453 | +169% |
| Other amounts payable | 47/48 | €1,816 | €2,026 | +€210 | +11.6% |
| Accrued charges and deferred income | 492/3 | €384 | €657 | +€273 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,649 | €4,779 | +€130 | +2.8% |
| Other operating charges | 640/8 | €722 | €1,745 | +€1,023 | +142% |
| Gross operating margin | 9900 | €13,769 | €20,930 | +€7,161 | +52.0% |
| Operating profit (loss) | 9901 | €8,399 | €14,406 | +€6,008 | +71.5% |
| Financial income | 75/76B | - | €325 | +€325 | |
| Recurring financial income | 75 | - | €325 | +€325 | |
| Financial charges | 65/66B | €366 | €650 | +€284 | +77.6% |
| Recurring financial charges | 65 | €366 | €650 | +€284 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €8,032 | €14,081 | +€6,049 | +75.3% |
| Income taxes | 67/77 | €3,440 | €4,876 | +€1,436 | +41.7% |
| Profit (loss) for the period | 9904 | €4,592 | €9,205 | +€4,613 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €4,592 | €9,205 | +€4,613 | +100% |
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 15 October 2026 via checked.be.