J&K: 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&K
Largest movements
- Stocks and contracts +€59,999
up €59,999 (+761.0%), from €7,884 to €67,883
- Tangible fixed assets -€53,997
down €53,997 (-15.4%), from €350,168 to €296,171
of which Land and buildings: -€39,343
- Cash +€41,845
up €41,845 (+64.6%), from €64,732 to €106,577
mainly Trade debts (+€120,831) and Depreciation (+€61,049)
- Receivables within one year +€40,508
up €40,508 (+29.1%), from €139,401 to €179,909
of which Trade receivables: +€62,185
- Trade debts +€120,831
up €120,831 (+151.9%), from €79,529 to €200,360
of which Suppliers: +€120,831
- Other debts -€85,028
down €85,028 (-29.6%), from €287,139 to €202,111
- Reserves +€34,067
up €34,067 (+32.8%), from €103,722 to €137,789
of which Distributable reserves: +€34,067
- Tax, wage and social debts +€15,089
up €15,089 (+23.0%), from €65,505 to €80,594
of which Remuneration and social security: +€14,120
- Gross operating margin -€64,187
down €64,187 (-18.2%), from €352,427 to €288,240
- Other operating charges -€23,771
down €23,771 (-53.0%), from €44,836 to €21,065
- Depreciation -€14,858
down €14,858 (-19.6%), from €75,907 to €61,049
- Financial charges -€12,265
down €12,265 (-72.2%), from €16,988 to €4,723
- Taxes -€6,471
down €6,471 (-31.3%), from €20,661 to €14,190
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 | €636,836 | €724,546 | +€87,710 | +13.8% |
| Formation expenses | 20 | €3,032 | €2,387 | -€645 | -21.3% |
| Fixed assets | 21/28 | €356,135 | €302,138 | -€53,997 | -15.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €350,168 | €296,171 | -€53,997 | -15.4% |
| Land and buildings | 22 | €289,703 | €250,360 | -€39,343 | -13.6% |
| Plant, machinery and equipment | 23 | €30,139 | €10,987 | -€19,152 | -63.5% |
| Furniture and vehicles | 24 | €30,326 | €34,824 | +€4,498 | +14.8% |
| Financial fixed assets | 28 | €5,967 | €5,967 | = | 0.0% |
| Current assets | 29/58 | €277,669 | €420,021 | +€142,352 | +51.3% |
| Amounts receivable after more than one year | 29 | €65,652 | €65,652 | = | 0.0% |
| Trade receivables | 290 | - | €65,652 | +€65,652 | |
| Other amounts receivable | 291 | €65,652 | - | -€65,652 | |
| Stocks and contracts in progress | 3 | €7,884 | €67,883 | +€59,999 | +761.0% |
| Stocks | 30/36 | €7,884 | €67,883 | +€59,999 | +761.0% |
| Amounts receivable within one year | 40/41 | €139,401 | €179,909 | +€40,508 | +29.1% |
| Trade receivables | 40 | €4,132 | €66,317 | +€62,185 | +1505.0% |
| Other amounts receivable | 41 | €135,269 | €113,592 | -€21,677 | -16.0% |
| Cash at bank and in hand | 54/58 | €64,732 | €106,577 | +€41,845 | +64.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €636,836 | €724,546 | +€87,710 | +13.8% |
| Equity | 10/15 | €179,028 | €219,289 | +€40,261 | +22.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | - | -€75,000 | |
| Issued capital | 100 | €75,000 | - | -€75,000 | |
| Reserves | 13 | €103,722 | €137,789 | +€34,067 | +32.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | - | -€7,500 | |
| Reserves not available under the articles | 1311 | - | €7,500 | +€7,500 | |
| Distributable reserves | 133 | €96,222 | €130,289 | +€34,067 | +35.4% |
| Profit (loss) carried forward | 14 | €306 | €6,500 | +€6,194 | +2024.2% |
| Amounts payable | 17/49 | €457,808 | €505,257 | +€47,449 | +10.4% |
| Amounts payable after more than one year | 17 | €14,766 | €14,766 | = | 0.0% |
| Financial debts | 170/4 | €14,766 | €14,766 | = | 0.0% |
| Amounts payable within one year | 42/48 | €443,042 | €490,491 | +€47,449 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €10,869 | €7,426 | -€3,443 | -31.7% |
| Trade debts | 44 | €79,529 | €200,360 | +€120,831 | +151.9% |
| Suppliers | 440/4 | €79,529 | €200,360 | +€120,831 | +151.9% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €65,505 | €80,594 | +€15,089 | +23.0% |
| Taxes | 450/3 | €29,852 | €30,821 | +€969 | +3.2% |
| Remuneration and social security | 454/9 | €35,653 | €49,773 | +€14,120 | +39.6% |
| Other amounts payable | 47/48 | €287,139 | €202,111 | -€85,028 | -29.6% |
| Non-recurring operating income | 76A | €2,920 | €0 | -€2,920 | -100.0% |
| Remuneration, social security and pensions | 62 | €153,180 | €146,944 | -€6,236 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,907 | €61,049 | -€14,858 | -19.6% |
| Other operating charges | 640/8 | €44,836 | €21,065 | -€23,771 | -53.0% |
| Gross operating margin | 9900 | €352,427 | €288,240 | -€64,187 | -18.2% |
| Operating profit (loss) | 9901 | €78,504 | €59,182 | -€19,322 | -24.6% |
| Financial income | 75/76B | €485 | €0 | -€485 | -100.0% |
| Recurring financial income | 75 | €485 | €0 | -€485 | -100.0% |
| Financial charges | 65/66B | €16,988 | €4,723 | -€12,265 | -72.2% |
| Recurring financial charges | 65 | €16,988 | €4,723 | -€12,265 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €62,001 | €54,459 | -€7,542 | -12.2% |
| Income taxes | 67/77 | €20,661 | €14,190 | -€6,471 | -31.3% |
| Profit (loss) for the period | 9904 | €41,340 | €40,269 | -€1,071 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,340 | €40,269 | -€1,071 | -2.6% |
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 10 October 2026 via checked.be.