JFK FINANCE: what changed
JFK FINANCE
Largest movements
- Cash +€1.0m
up €1.0m (+288%), from €362,096 to €1.4m
mainly Net result for the year (+€912,954) and Debts after one year (+€647,340)
- Tangible fixed assets +€844,525
up €844,525 (+111%), from €759,087 to €1.6m
of which Land and buildings: +€789,877
- Financial fixed assets -€293,484
down €293,484 (-33.1%), from €885,984 to €592,500
- Current investments +€250,000
up €250,000 (+125%), from €200,000 to €450,000
- Reserves +€912,954
up €912,954 (+93.2%), from €979,095 to €1.9m
of which Distributable reserves: +€799,284
- Debts after one year +€647,340
up €647,340 (+115%), from €563,550 to €1.2m
- Other debts +€235,205
up €235,205 (+42.8%), from €549,582 to €784,787
- Tax, wage and social debts +€56,400
up €56,400 (+1,759%), from €3,207 to €59,607
- Financial income +€758,337
up €758,337 (+5,170%), from €14,669 to €773,006
of which Non-recurring financial income: +€764,258
- Gross operating margin +€221,053
up €221,053 (+67.4%), from €328,142 to €549,196
- Depreciation +€150,343
up €150,343 (+246%), from €60,998 to €211,341
- Taxes +€74,946
up €74,946 (+92.3%), from €81,214 to €156,160
- Financial charges +€9,636
up €9,636 (+32.6%), from €29,542 to €39,178
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 | €2,215,191 | €4,070,566 | +€1.9m | +83.8% |
| Fixed assets | 21/28 | €1,645,071 | €2,196,112 | +€551,041 | +33.5% |
| Tangible fixed assets | 22/27 | €759,087 | €1,603,612 | +€844,525 | +111% |
| Land and buildings | 22 | €453,642 | €1,243,519 | +€789,877 | +174% |
| Furniture and vehicles | 24 | €102,216 | €72,055 | -€30,160 | -29.5% |
| Assets under construction and advance payments | 27 | €203,229 | €288,037 | +€84,808 | +41.7% |
| Financial fixed assets | 28 | €885,984 | €592,500 | -€293,484 | -33.1% |
| Current assets | 29/58 | €570,120 | €1,874,454 | +€1.3m | +229% |
| Amounts receivable within one year | 40/41 | €978 | €978 | = | 0.0% |
| Other amounts receivable | 41 | €978 | €978 | = | 0.0% |
| Current investments | 50/53 | €200,000 | €450,000 | +€250,000 | +125% |
| Cash at bank and in hand | 54/58 | €362,096 | €1,404,883 | +€1.0m | +288% |
| Deferred charges and accrued income | 490/1 | €7,047 | €18,593 | +€11,547 | +164% |
| Total equity and liabilities | 10/49 | €2,215,191 | €4,070,566 | +€1.9m | +83.8% |
| Equity | 10/15 | €991,510 | €1,904,464 | +€912,954 | +92.1% |
| Contributions | 10/11 | €12,415 | €12,415 | = | 0.0% |
| Reserves | 13 | €979,095 | €1,892,049 | +€912,954 | +93.2% |
| Tax-exempt reserves | 132 | - | €113,670 | +€113,670 | |
| Distributable reserves | 133 | €979,095 | €1,778,379 | +€799,284 | +81.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,223,681 | €2,166,102 | +€942,421 | +77.0% |
| Amounts payable after more than one year | 17 | €563,550 | €1,210,889 | +€647,340 | +115% |
| Financial debts | 170/4 | €563,550 | €1,210,889 | +€647,340 | +115% |
| Amounts payable within one year | 42/48 | €659,038 | €955,213 | +€296,175 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €99,574 | €96,381 | -€3,193 | -3.2% |
| Trade debts | 44 | €6,674 | €14,437 | +€7,763 | +116% |
| Suppliers | 440/4 | €6,674 | €14,437 | +€7,763 | +116% |
| Taxes, remuneration and social security | 45 | €3,207 | €59,607 | +€56,400 | +1,759% |
| Taxes | 450/3 | €3,207 | €59,607 | +€56,400 | +1,759% |
| Other amounts payable | 47/48 | €549,582 | €784,787 | +€235,205 | +42.8% |
| Accrued charges and deferred income | 492/3 | €1,094 | €0 | -€1,094 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,998 | €211,341 | +€150,343 | +246% |
| Other operating charges | 640/8 | €7,419 | €2,569 | -€4,850 | -65.4% |
| Gross operating margin | 9900 | €328,142 | €549,196 | +€221,053 | +67.4% |
| Operating profit (loss) | 9901 | €259,725 | €335,285 | +€75,560 | +29.1% |
| Financial income | 75/76B | €14,669 | €773,006 | +€758,337 | +5,170% |
| Recurring financial income | 75 | €14,669 | €8,748 | -€5,921 | -40.4% |
| Non-recurring financial income | 76B | - | €764,258 | +€764,258 | |
| Financial charges | 65/66B | €29,542 | €39,178 | +€9,636 | +32.6% |
| Recurring financial charges | 65 | €29,542 | €39,178 | +€9,636 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €244,852 | €1,069,114 | +€824,262 | +337% |
| Income taxes | 67/77 | €81,214 | €156,160 | +€74,946 | +92.3% |
| Profit (loss) for the period | 9904 | €163,638 | €912,954 | +€749,316 | +458% |
| Transfer to tax-exempt reserves | 689 | - | €113,670 | +€113,670 | |
| Profit (loss) for the period to be appropriated | 9905 | €163,638 | €799,284 | +€635,646 | +388% |
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 7 November 2026 via checked.be.