J.B.K.D.O.E.: 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.
J.B.K.D.O.E.
Largest movements
- Current investments +€93,450
up €93,450 (+48.3%), from €193,550 to €287,000
- Cash -€17,668
down €17,668 (-26.2%), from €67,336 to €49,668
mainly Current investments (-€93,450) and Debts after one year (-€8,094)
- Tangible fixed assets -€7,532
down €7,532 (-12.0%), from €62,871 to €55,339
of which Leasing and similar rights: -€7,790
- Reserves +€75,213
up €75,213 (+29.4%), from €256,144 to €331,358
- Debts after one year -€8,094
down €8,094 (-19.6%), from €41,289 to €33,195
- Gross operating margin +€9,462
up €9,462 (+9.0%), from €105,578 to €115,041
- Taxes +€6,167
up €6,167 (+20.7%), from €29,848 to €36,015
- Depreciation -€5,338
down €5,338 (-39.3%), from €13,569 to €8,231
- Financial income +€3,806
up €3,806 (+104%), from €3,648 to €7,454
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 | €327,371 | €396,450 | +€69,079 | +21.1% |
| Fixed assets | 21/28 | €62,871 | €55,339 | -€7,532 | -12.0% |
| Tangible fixed assets | 22/27 | €62,871 | €55,339 | -€7,532 | -12.0% |
| Plant, machinery and equipment | 23 | €78 | - | -€78 | |
| Furniture and vehicles | 24 | €333 | €669 | +€336 | +101% |
| Leasing and similar rights | 25 | €62,460 | €54,670 | -€7,790 | -12.5% |
| Current assets | 29/58 | €264,500 | €341,111 | +€76,611 | +29.0% |
| Current investments | 50/53 | €193,550 | €287,000 | +€93,450 | +48.3% |
| Cash at bank and in hand | 54/58 | €67,336 | €49,668 | -€17,668 | -26.2% |
| Deferred charges and accrued income | 490/1 | €3,614 | €4,443 | +€829 | +22.9% |
| Total equity and liabilities | 10/49 | €327,371 | €396,450 | +€69,079 | +21.1% |
| Equity | 10/15 | €268,544 | €343,758 | +€75,213 | +28.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €256,144 | €331,358 | +€75,213 | +29.4% |
| Distributable reserves | 133 | €256,144 | €331,358 | +€75,213 | +29.4% |
| Amounts payable | 17/49 | €58,827 | €52,693 | -€6,134 | -10.4% |
| Amounts payable after more than one year | 17 | €41,289 | €33,195 | -€8,094 | -19.6% |
| Financial debts | 170/4 | €41,289 | €33,195 | -€8,094 | -19.6% |
| Amounts payable within one year | 42/48 | €17,538 | €19,498 | +€1,960 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €7,944 | €8,094 | +€149 | +1.9% |
| Trade debts | 44 | €2,220 | €2,360 | +€140 | +6.3% |
| Suppliers | 440/4 | €2,220 | €2,360 | +€140 | +6.3% |
| Taxes, remuneration and social security | 45 | €3,653 | €4,791 | +€1,138 | +31.2% |
| Taxes | 450/3 | €3,653 | €4,791 | +€1,138 | +31.2% |
| Other amounts payable | 47/48 | €3,719 | €4,252 | +€533 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,569 | €8,231 | -€5,338 | -39.3% |
| Other operating charges | 640/8 | €1,666 | €1,887 | +€221 | +13.3% |
| Gross operating margin | 9900 | €105,578 | €115,041 | +€9,462 | +9.0% |
| Operating profit (loss) | 9901 | €90,344 | €104,923 | +€14,579 | +16.1% |
| Financial income | 75/76B | €3,648 | €7,454 | +€3,806 | +104% |
| Recurring financial income | 75 | €3,648 | €7,454 | +€3,806 | +104% |
| Financial charges | 65/66B | €1,260 | €1,149 | -€111 | -8.8% |
| Recurring financial charges | 65 | €1,260 | €1,149 | -€111 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €92,731 | €111,228 | +€18,496 | +19.9% |
| Income taxes | 67/77 | €29,848 | €36,015 | +€6,167 | +20.7% |
| Profit (loss) for the period | 9904 | €62,884 | €75,213 | +€12,330 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,884 | €75,213 | +€12,330 | +19.6% |
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.