J.K.W.: 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.W.
Largest movements
- Receivables within one year +€41,415
up €41,415 (+38.1%), from €108,764 to €150,179
of which Trade receivables: +€56,845
- Tangible fixed assets +€32,905
up €32,905 (+10.4%), from €317,547 to €350,452
of which Furniture and vehicles: +€44,082
- Cash -€18,551
down €18,551 (-10.4%), from €178,377 to €159,826
mainly Investment in fixed assets (net) (-€156,055) and Debts after one year (-€48,005)
- Reserves +€63,591
up €63,591 (+62.1%), from €102,401 to €165,992
- Debts after one year -€48,005
down €48,005 (-13.8%), from €346,974 to €298,969
- Other debts +€23,337
up €23,337 (+30.9%), from €75,486 to €98,823
- Tax, wage and social debts +€10,473
up €10,473 (+977%), from €1,072 to €11,545
of which Taxes: +€8,263
- Gross operating margin +€71,749
up €71,749 (+47.6%), from €150,604 to €222,354
- Taxes +€19,840
up €19,840 (+385%), from €5,148 to €24,988
- Other operating charges +€4,475
up €4,475 (+160%), from €2,788 to €7,264
- Depreciation -€3,972
down €3,972 (-3.1%), from €127,139 to €123,167
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 | €609,911 | €668,871 | +€58,960 | +9.7% |
| Fixed assets | 21/28 | €317,834 | €350,722 | +€32,888 | +10.3% |
| Intangible fixed assets | 21 | €17 | €0 | -€17 | -100% |
| Tangible fixed assets | 22/27 | €317,547 | €350,452 | +€32,905 | +10.4% |
| Plant, machinery and equipment | 23 | €68,250 | €57,073 | -€11,177 | -16.4% |
| Furniture and vehicles | 24 | €249,297 | €293,379 | +€44,082 | +17.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €292,077 | €318,149 | +€26,071 | +8.9% |
| Stocks and contracts in progress | 3 | €1,785 | €3,487 | +€1,702 | +95.4% |
| Stocks | 30/36 | €1,785 | €3,487 | +€1,702 | +95.4% |
| Amounts receivable within one year | 40/41 | €108,764 | €150,179 | +€41,415 | +38.1% |
| Trade receivables | 40 | €88,249 | €145,094 | +€56,845 | +64.4% |
| Other amounts receivable | 41 | €20,516 | €5,086 | -€15,430 | -75.2% |
| Cash at bank and in hand | 54/58 | €178,377 | €159,826 | -€18,551 | -10.4% |
| Deferred charges and accrued income | 490/1 | €3,151 | €4,656 | +€1,505 | +47.8% |
| Total equity and liabilities | 10/49 | €609,911 | €668,871 | +€58,960 | +9.7% |
| Equity | 10/15 | €122,401 | €185,992 | +€63,591 | +52.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €102,401 | €165,992 | +€63,591 | +62.1% |
| Distributable reserves | 133 | €102,401 | €165,992 | +€63,591 | +62.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €487,510 | €482,879 | -€4,631 | -0.9% |
| Amounts payable after more than one year | 17 | €346,974 | €298,969 | -€48,005 | -13.8% |
| Financial debts | 170/4 | €346,974 | €298,969 | -€48,005 | -13.8% |
| Amounts payable within one year | 42/48 | €140,536 | €179,817 | +€39,282 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €47,451 | €48,005 | +€554 | +1.2% |
| Financial debts | 43 | €12 | €265 | +€253 | +2,105% |
| Credit institutions | 430/8 | €12 | €265 | +€253 | +2,105% |
| Trade debts | 44 | €16,515 | €21,180 | +€4,665 | +28.2% |
| Suppliers | 440/4 | €16,515 | €21,180 | +€4,665 | +28.2% |
| Taxes, remuneration and social security | 45 | €1,072 | €11,545 | +€10,473 | +977% |
| Taxes | 450/3 | €1,072 | €9,335 | +€8,263 | +771% |
| Remuneration and social security | 454/9 | - | €2,210 | +€2,210 | |
| Other amounts payable | 47/48 | €75,486 | €98,823 | +€23,337 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €4,092 | +€4,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,139 | €123,167 | -€3,972 | -3.1% |
| Other operating charges | 640/8 | €2,788 | €7,264 | +€4,475 | +160% |
| Non-recurring operating charges | 66A | €854 | €0 | -€854 | -100% |
| Gross operating margin | 9900 | €150,604 | €222,354 | +€71,749 | +47.6% |
| Operating profit (loss) | 9901 | €19,823 | €91,923 | +€72,101 | +364% |
| Financial income | 75/76B | €145 | €267 | +€122 | +83.8% |
| Recurring financial income | 75 | €145 | €267 | +€122 | +83.8% |
| Financial charges | 65/66B | €2,436 | €1,894 | -€542 | -22.3% |
| Recurring financial charges | 65 | €2,436 | €1,894 | -€542 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €17,532 | €90,296 | +€72,765 | +415% |
| Income taxes | 67/77 | €5,148 | €24,988 | +€19,840 | +385% |
| Profit (loss) for the period | 9904 | €12,384 | €65,309 | +€52,925 | +427% |
| Profit (loss) for the period to be appropriated | 9905 | €12,384 | €65,309 | +€52,925 | +427% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.