JB KITS: 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.
What changed
JB KITS
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€46,285
2024 · €57,093-€103,378
Equity
€552,111
2024 · €598,396-€46,285
Cash
€2,683
2024 · €3,065-€382
Balance sheet total
€997,797
2024 · €1.0m-€25,927
Largest movements
Assets
- Tangible fixed assets -€28,728
down €28,728 (-4.0%), from €720,598 to €691,870
of which Land and buildings: -€25,847
Equity and liabilities
- Other debts +€49,275
up €49,275 (+16.2%), from €303,328 to €352,602
- Profit (loss) carried forward -€45,094
down €45,094, from €1,558 to -€43,536
- Debts after one year -€25,478
down €25,478 (-34.4%), from €74,089 to €48,611
Income statement
- Gross operating margin -€129,968
down €129,968, from €113,333 to -€16,635
- Taxes -€40,666
no longer reported in 2025 (was €40,666)
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.
Result 2024
€57,093
Gross operating margin
-€129,968
Depreciation
-€490
Other operating charges
+€10
Financial income
-€1,017
Financial charges
+€613
Taxes
+€40,666
Deferred taxes and other
-€13,191
Result 2025
-€46,285
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€24,809
Investment
€0
Financing
-€25,191
Cash 2024
€3,065
From operations (derived)
+€24,809
Net result for the year
-€46,285
Depreciation
+€28,728
Receivables within one year
-€3,183
Provisions
-€613
Trade debts
-€5,786
Tax, wage and social debts
+€2,674
Other debts
+€49,275
Financing
-€25,191
Debts after one year
-€25,478
Current portion of long-term debt
+€287
Cash 2025
€2,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,023,724 | €997,797 | -€25,927 | -2.5% |
| Fixed assets | 21/28 | €720,598 | €691,870 | -€28,728 | -4.0% |
| Tangible fixed assets | 22/27 | €720,598 | €691,870 | -€28,728 | -4.0% |
| Land and buildings | 22 | €712,758 | €686,910 | -€25,847 | -3.6% |
| Furniture and vehicles | 24 | €7,840 | €4,959 | -€2,881 | -36.7% |
| Current assets | 29/58 | €303,126 | €305,927 | +€2,801 | +0.9% |
| Amounts receivable within one year | 40/41 | €61 | €3,243 | +€3,183 | +5,248% |
| Other amounts receivable | 41 | €61 | €3,243 | +€3,183 | +5,248% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,065 | €2,683 | -€382 | -12.5% |
| Total equity and liabilities | 10/49 | €1,023,724 | €997,797 | -€25,927 | -2.5% |
| Equity | 10/15 | €598,396 | €552,111 | -€46,285 | -7.7% |
| Contributions | 10/11 | €61,042 | €61,042 | = | 0.0% |
| Reserves | 13 | €535,796 | €534,605 | -€1,191 | -0.2% |
| Non-distributable reserves | 130/1 | €10,358 | €10,358 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,358 | €10,358 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,289 | €20,097 | -€1,191 | -5.6% |
| Distributable reserves | 133 | €504,149 | €504,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,558 | -€43,536 | -€45,094 | |
| Provisions and deferred taxes | 16 | €10,962 | €10,349 | -€613 | -5.6% |
| Deferred taxes | 168 | €10,962 | €10,349 | -€613 | -5.6% |
| Amounts payable | 17/49 | €414,366 | €435,337 | +€20,971 | +5.1% |
| Amounts payable after more than one year | 17 | €74,089 | €48,611 | -€25,478 | -34.4% |
| Financial debts | 170/4 | €74,089 | €48,611 | -€25,478 | -34.4% |
| Amounts payable within one year | 42/48 | €340,277 | €386,726 | +€46,450 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €25,191 | €25,478 | +€287 | +1.1% |
| Trade debts | 44 | €6,041 | €255 | -€5,786 | -95.8% |
| Suppliers | 440/4 | €6,041 | €255 | -€5,786 | -95.8% |
| Taxes, remuneration and social security | 45 | €5,717 | €8,390 | +€2,674 | +46.8% |
| Taxes | 450/3 | €5,717 | €8,390 | +€2,674 | +46.8% |
| Other amounts payable | 47/48 | €303,328 | €352,602 | +€49,275 | +16.2% |
| Non-recurring operating income | 76A | €196,795 | - | -€196,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,238 | €28,728 | +€490 | +1.7% |
| Other operating charges | 640/8 | €454 | €444 | -€10 | -2.2% |
| Gross operating margin | 9900 | €113,333 | -€16,635 | -€129,968 | |
| Operating profit (loss) | 9901 | €84,641 | -€45,808 | -€130,449 | |
| Financial income | 75/76B | €1,017 | - | -€1,017 | |
| Recurring financial income | 75 | €1,017 | - | -€1,017 | |
| Financial charges | 65/66B | €1,703 | €1,091 | -€613 | -36.0% |
| Recurring financial charges | 65 | €1,703 | €1,091 | -€613 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €83,954 | -€46,899 | -€130,853 | |
| Transfer from deferred taxes | 780 | €13,805 | €613 | -€13,191 | -95.6% |
| Income taxes | 67/77 | €40,666 | - | -€40,666 | |
| Profit (loss) for the period | 9904 | €57,093 | -€46,285 | -€103,378 | |
| Transfer from tax-exempt reserves | 789 | €26,809 | €1,191 | -€25,618 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,903 | -€45,094 | -€128,997 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.