J & C KWADRAAT: what changed
J & C KWADRAAT
Largest movements
- Cash +€21,594
up €21,594 (+28.3%), from €76,425 to €98,019
mainly Net result for the year (+€26,671) and Depreciation (+€14,059)
- Receivables within one year +€5,297
up €5,297 (+45.4%), from €11,665 to €16,962
of which Trade receivables: +€3,502
- Tangible fixed assets -€4,574
down €4,574 (-13.4%), from €34,174 to €29,600
of which Furniture and vehicles: -€6,230
- Reserves +€26,671
up €26,671 (+31.0%), from €86,095 to €112,766
- Debts after one year -€9,248
down €9,248 (-58.3%), from €15,868 to €6,620
- Tax, wage and social debts +€3,366
up €3,366 (+54.7%), from €6,150 to €9,516
of which Taxes: +€3,266
- Gross operating margin +€30,359
up €30,359 (+112%), from €27,212 to €57,571
- Taxes +€11,775
up €11,775 (+296%), from €3,973 to €15,748
- Depreciation -€4,996
down €4,996 (-26.2%), from €19,055 to €14,059
- Financial charges -€682
down €682 (-45.6%), from €1,495 to €813
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,847 | €145,773 | +€20,926 | +16.8% |
| Fixed assets | 21/28 | €34,924 | €30,350 | -€4,574 | -13.1% |
| Tangible fixed assets | 22/27 | €34,174 | €29,600 | -€4,574 | -13.4% |
| Plant, machinery and equipment | 23 | €2,856 | €5,440 | +€2,584 | +90.5% |
| Furniture and vehicles | 24 | €28,533 | €22,303 | -€6,230 | -21.8% |
| Other tangible fixed assets | 26 | €2,785 | €1,857 | -€928 | -33.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €89,923 | €115,423 | +€25,500 | +28.4% |
| Amounts receivable within one year | 40/41 | €11,665 | €16,962 | +€5,297 | +45.4% |
| Trade receivables | 40 | €11,665 | €15,167 | +€3,502 | +30.0% |
| Other amounts receivable | 41 | - | €1,795 | +€1,795 | |
| Cash at bank and in hand | 54/58 | €76,425 | €98,019 | +€21,594 | +28.3% |
| Deferred charges and accrued income | 490/1 | €1,833 | €443 | -€1,391 | -75.9% |
| Total equity and liabilities | 10/49 | €124,847 | €145,773 | +€20,926 | +16.8% |
| Equity | 10/15 | €92,295 | €118,966 | +€26,671 | +28.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,095 | €112,766 | +€26,671 | +31.0% |
| Distributable reserves | 133 | €86,095 | €112,766 | +€26,671 | +31.0% |
| Amounts payable | 17/49 | €32,552 | €26,807 | -€5,745 | -17.6% |
| Amounts payable after more than one year | 17 | €15,868 | €6,620 | -€9,248 | -58.3% |
| Financial debts | 170/4 | €15,868 | €6,620 | -€9,248 | -58.3% |
| Amounts payable within one year | 42/48 | €16,588 | €20,188 | +€3,599 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €8,960 | €9,248 | +€288 | +3.2% |
| Trade debts | 44 | €249 | €1,423 | +€1,175 | +472% |
| Suppliers | 440/4 | €249 | €1,423 | +€1,175 | +472% |
| Taxes, remuneration and social security | 45 | €6,150 | €9,516 | +€3,366 | +54.7% |
| Taxes | 450/3 | €6,039 | €9,305 | +€3,266 | +54.1% |
| Remuneration and social security | 454/9 | €111 | €211 | +€100 | +90.2% |
| Other amounts payable | 47/48 | €1,229 | - | -€1,229 | |
| Accrued charges and deferred income | 492/3 | €96 | - | -€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,055 | €14,059 | -€4,996 | -26.2% |
| Other operating charges | 640/8 | €1,414 | €1,025 | -€389 | -27.5% |
| Gross operating margin | 9900 | €27,212 | €57,571 | +€30,359 | +112% |
| Operating profit (loss) | 9901 | €6,743 | €42,487 | +€35,744 | +530% |
| Financial income | 75/76B | €686 | €744 | +€59 | +8.6% |
| Recurring financial income | 75 | €686 | €744 | +€59 | +8.6% |
| Financial charges | 65/66B | €1,495 | €813 | -€682 | -45.6% |
| Recurring financial charges | 65 | €1,495 | €813 | -€682 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €5,934 | €42,419 | +€36,485 | +615% |
| Income taxes | 67/77 | €3,973 | €15,748 | +€11,775 | +296% |
| Profit (loss) for the period | 9904 | €1,961 | €26,671 | +€24,710 | +1,260% |
| Profit (loss) for the period to be appropriated | 9905 | €1,961 | €26,671 | +€24,710 | +1,260% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.