BKJ: 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.
BKJ
Largest movements
- Receivables within one year +€11,649
up €11,649 (+44.6%), from €26,092 to €37,741
of which Trade receivables: +€14,562
- Financial fixed assets +€4,050
up €4,050 (+506.3%), from €800 to €4,850
- Cash -€3,279
down €3,279 (-42.7%), from €7,681 to €4,402
mainly Net result for the year (-€32,772) and Investment in fixed assets (net) (-€20,579)
- Deferred charges and accrued income -€2,480
no longer reported in 2025 (was €2,480)
- Profit (loss) carried forward -€32,772
new in 2025: -€32,772
- Trade debts +€19,345
up €19,345 (+59.9%), from €32,279 to €51,625
- Debts after one year +€9,108
up €9,108, from €0 to €9,108
- Short-term financial debts +€5,817
up €5,817, from €0 to €5,817
- Tax, wage and social debts +€5,347
up €5,347 (+36.9%), from €14,507 to €19,854
of which Remuneration and social security: +€9,962
- Gross operating margin -€28,865
down €28,865 (-32.4%), from €89,138 to €60,273
- Taxes -€4,523
down €4,523, from €1,707 to -€2,816
- Depreciation +€4,450
up €4,450 (+37.5%), from €11,866 to €16,317
- Staff costs +€3,988
up €3,988 (+5.7%), from €70,413 to €74,401
- Other operating charges +€2,257
up €2,257 (+79.6%), from €2,833 to €5,090
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 | €88,364 | €98,516 | +€10,152 | +11.5% |
| Fixed assets | 21/28 | €46,984 | €51,246 | +€4,262 | +9.1% |
| Tangible fixed assets | 22/27 | €46,184 | €46,396 | +€212 | +0.5% |
| Plant, machinery and equipment | 23 | €6,346 | €18,356 | +€12,011 | +189.3% |
| Furniture and vehicles | 24 | €28,435 | €19,541 | -€8,895 | -31.3% |
| Other tangible fixed assets | 26 | €11,403 | €8,499 | -€2,904 | -25.5% |
| Financial fixed assets | 28 | €800 | €4,850 | +€4,050 | +506.3% |
| Current assets | 29/58 | €41,380 | €47,270 | +€5,890 | +14.2% |
| Stocks and contracts in progress | 3 | €5,127 | €5,127 | = | 0.0% |
| Stocks | 30/36 | €5,127 | €5,127 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,092 | €37,741 | +€11,649 | +44.6% |
| Trade receivables | 40 | €8,214 | €22,776 | +€14,562 | +177.3% |
| Other amounts receivable | 41 | €17,878 | €14,966 | -€2,913 | -16.3% |
| Cash at bank and in hand | 54/58 | €7,681 | €4,402 | -€3,279 | -42.7% |
| Deferred charges and accrued income | 490/1 | €2,480 | - | -€2,480 | |
| Total equity and liabilities | 10/49 | €88,364 | €98,516 | +€10,152 | +11.5% |
| Equity | 10/15 | €37,969 | €5,197 | -€32,772 | -86.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,969 | €32,969 | = | 0.0% |
| Distributable reserves | 133 | €32,969 | €32,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,772 | -€32,772 | |
| Amounts payable | 17/49 | €50,395 | €93,319 | +€42,924 | +85.2% |
| Amounts payable after more than one year | 17 | €0 | €9,108 | +€9,108 | |
| Financial debts | 170/4 | €0 | €9,108 | +€9,108 | |
| Amounts payable within one year | 42/48 | €50,395 | €84,211 | +€33,816 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €3,608 | €6,915 | +€3,307 | +91.7% |
| Financial debts | 43 | €0 | €5,817 | +€5,817 | |
| Credit institutions | 430/8 | €0 | €5,817 | +€5,817 | |
| Trade debts | 44 | €32,279 | €51,625 | +€19,345 | +59.9% |
| Suppliers | 440/4 | €32,279 | €51,625 | +€19,345 | +59.9% |
| Taxes, remuneration and social security | 45 | €14,507 | €19,854 | +€5,347 | +36.9% |
| Taxes | 450/3 | €9,673 | €5,059 | -€4,615 | -47.7% |
| Remuneration and social security | 454/9 | €4,834 | €14,796 | +€9,962 | +206.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €70,413 | €74,401 | +€3,988 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,866 | €16,317 | +€4,450 | +37.5% |
| Other operating charges | 640/8 | €2,833 | €5,090 | +€2,257 | +79.6% |
| Non-recurring operating charges | 66A | €725 | - | -€725 | |
| Gross operating margin | 9900 | €89,138 | €60,273 | -€28,865 | -32.4% |
| Operating profit (loss) | 9901 | €3,300 | -€35,534 | -€38,835 | |
| Financial income | 75/76B | €1,754 | €2,098 | +€345 | +19.7% |
| Recurring financial income | 75 | €1,754 | €2,098 | +€345 | +19.7% |
| Financial charges | 65/66B | €755 | €2,152 | +€1,397 | +185.0% |
| Recurring financial charges | 65 | €755 | €2,152 | +€1,397 | +185.0% |
| Profit (loss) for the period before taxes | 9903 | €4,299 | -€35,588 | -€39,886 | |
| Income taxes | 67/77 | €1,707 | -€2,816 | -€4,523 | |
| Profit (loss) for the period | 9904 | €2,591 | -€32,772 | -€35,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,591 | -€32,772 | -€35,363 |
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 12 October 2026 via checked.be.