J&K Management: 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 Management
Largest movements
- Tangible fixed assets -€33,284
down €33,284 (-5.3%), from €633,081 to €599,797
of which Land and buildings: -€32,921
- Receivables within one year -€24,484
down €24,484 (-33.0%), from €74,140 to €49,656
- Short-term financial debts -€95,000
down €95,000 (-95.0%), from €100,000 to €5,000
- Other debts +€58,900
up €58,900 (+734%), from €8,024 to €66,924
- Revaluation surpluses -€28,821
down €28,821 (-5.3%), from €547,601 to €518,780
- Reserves +€28,821
up €28,821 (+99.9%), from €28,847 to €57,668
of which Distributable reserves: +€28,821
- Profit (loss) carried forward -€23,788
down €23,788 (-21.3%), from -€111,572 to -€135,360
- Financial charges -€7,221
down €7,221 (-67.6%), from €10,674 to €3,453
- Gross operating margin -€2,790
down €2,790 (-22.2%), from €12,590 to €9,800
- Financial income -€740
down €740 (-18.2%), from €4,076 to €3,336
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 | €707,365 | €650,157 | -€57,209 | -8.1% |
| Fixed assets | 21/28 | €633,081 | €599,797 | -€33,284 | -5.3% |
| Tangible fixed assets | 22/27 | €633,081 | €599,797 | -€33,284 | -5.3% |
| Land and buildings | 22 | €627,090 | €594,168 | -€32,921 | -5.2% |
| Plant, machinery and equipment | 23 | €4,402 | €4,134 | -€268 | -6.1% |
| Furniture and vehicles | 24 | €1,589 | €1,494 | -€95 | -6.0% |
| Current assets | 29/58 | €74,285 | €50,360 | -€23,925 | -32.2% |
| Amounts receivable within one year | 40/41 | €74,140 | €49,656 | -€24,484 | -33.0% |
| Other amounts receivable | 41 | €74,140 | €49,656 | -€24,484 | -33.0% |
| Cash at bank and in hand | 54/58 | €145 | €704 | +€560 | +387% |
| Total equity and liabilities | 10/49 | €707,365 | €650,157 | -€57,209 | -8.1% |
| Equity | 10/15 | €526,850 | €503,062 | -€23,788 | -4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €547,601 | €518,780 | -€28,821 | -5.3% |
| Reserves | 13 | €28,847 | €57,668 | +€28,821 | +99.9% |
| Non-distributable reserves | 130/1 | €26 | €26 | = | 0.0% |
| Legal reserve | 130 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €28,821 | €57,642 | +€28,821 | +100% |
| Profit (loss) carried forward | 14 | -€111,572 | -€135,360 | -€23,788 | -21.3% |
| Amounts payable | 17/49 | €180,516 | €147,095 | -€33,421 | -18.5% |
| Amounts payable within one year | 42/48 | €180,516 | €147,095 | -€33,421 | -18.5% |
| Financial debts | 43 | €100,000 | €5,000 | -€95,000 | -95.0% |
| Credit institutions | 430/8 | €100,000 | €5,000 | -€95,000 | -95.0% |
| Trade debts | 44 | €72,492 | €75,171 | +€2,679 | +3.7% |
| Suppliers | 440/4 | €72,492 | €75,171 | +€2,679 | +3.7% |
| Other amounts payable | 47/48 | €8,024 | €66,924 | +€58,900 | +734% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,284 | €33,284 | = | 0.0% |
| Other operating charges | 640/8 | €187 | €187 | = | 0.0% |
| Gross operating margin | 9900 | €12,590 | €9,800 | -€2,790 | -22.2% |
| Operating profit (loss) | 9901 | -€20,881 | -€23,671 | -€2,790 | -13.4% |
| Financial income | 75/76B | €4,076 | €3,336 | -€740 | -18.2% |
| Recurring financial income | 75 | €4,076 | €3,336 | -€740 | -18.2% |
| Financial charges | 65/66B | €10,674 | €3,453 | -€7,221 | -67.6% |
| Recurring financial charges | 65 | €10,674 | €3,453 | -€7,221 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,478 | -€23,788 | +€3,691 | +13.4% |
| Profit (loss) for the period | 9904 | -€27,478 | -€23,788 | +€3,691 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,478 | -€23,788 | +€3,691 | +13.4% |
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 20 October 2026 via checked.be.