JFK.KUPPER: 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.
JFK.KUPPER
Largest movements
- Cash -€106,093
down €106,093 (-91.3%), from €116,232 to €10,139
mainly Investment in fixed assets (net) (-€113,833) and Deferred charges and accrued income (-€97,399)
- Financial fixed assets +€103,000
up €103,000 (+41,200%), from €250 to €103,250
- Deferred charges and accrued income +€97,399
up €97,399 (+7,446%), from €1,308 to €98,708
- Receivables within one year -€59,533
down €59,533 (-79.2%), from €75,160 to €15,627
of which Trade receivables: -€57,783
- Receivables after one year +€53,031
up €53,031 (+167%), from €31,802 to €84,833
- Reserves +€47,614
up €47,614 (+25.9%), from €183,881 to €231,495
of which Distributable reserves: +€47,614
- Other debts +€47,221
new in 2025: €47,221
- Tax, wage and social debts +€20,436
up €20,436 (+71.3%), from €28,656 to €49,092
- Trade debts +€13,949
up €13,949 (+261%), from €5,338 to €19,287
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€40,821
up €40,821 (+30.5%), from €133,845 to €174,666
- Taxes +€16,470
up €16,470 (+57.5%), from €28,656 to €45,126
- Financial income +€4,796
up €4,796 (+531%), from €903 to €5,700
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 | €369,916 | €499,611 | +€129,695 | +35.1% |
| Fixed assets | 21/28 | €145,413 | €238,640 | +€93,227 | +64.1% |
| Tangible fixed assets | 22/27 | €145,163 | €135,390 | -€9,773 | -6.7% |
| Furniture and vehicles | 24 | €3,768 | €2,738 | -€1,029 | -27.3% |
| Leasing and similar rights | 25 | €123,227 | €116,429 | -€6,797 | -5.5% |
| Other tangible fixed assets | 26 | €18,168 | €16,222 | -€1,946 | -10.7% |
| Financial fixed assets | 28 | €250 | €103,250 | +€103,000 | +41,200% |
| Current assets | 29/58 | €224,503 | €260,971 | +€36,468 | +16.2% |
| Amounts receivable after more than one year | 29 | €31,802 | €84,833 | +€53,031 | +167% |
| Other amounts receivable | 291 | €31,802 | €84,833 | +€53,031 | +167% |
| Amounts receivable within one year | 40/41 | €75,160 | €15,627 | -€59,533 | -79.2% |
| Trade receivables | 40 | €73,411 | €15,627 | -€57,783 | -78.7% |
| Other amounts receivable | 41 | €1,750 | - | -€1,750 | |
| Current investments | 50/53 | - | €51,663 | +€51,663 | |
| Cash at bank and in hand | 54/58 | €116,232 | €10,139 | -€106,093 | -91.3% |
| Deferred charges and accrued income | 490/1 | €1,308 | €98,708 | +€97,399 | +7,446% |
| Total equity and liabilities | 10/49 | €369,916 | €499,611 | +€129,695 | +35.1% |
| Equity | 10/15 | €196,702 | €256,716 | +€60,014 | +30.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €183,881 | €231,495 | +€47,614 | +25.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,021 | €229,635 | +€47,614 | +26.2% |
| Profit (loss) carried forward | 14 | €6,621 | €6,621 | = | 0.0% |
| Provisions and deferred taxes | 16 | €6,037 | €6,037 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,037 | €6,037 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,037 | €6,037 | = | 0.0% |
| Amounts payable | 17/49 | €167,176 | €236,857 | +€69,681 | +41.7% |
| Amounts payable after more than one year | 17 | €121,258 | €109,110 | -€12,147 | -10.0% |
| Financial debts | 170/4 | €121,258 | €109,110 | -€12,147 | -10.0% |
| Amounts payable within one year | 42/48 | €45,919 | €127,747 | +€81,828 | +178% |
| Current portion of amounts payable after more than one year | 42 | €11,925 | €12,147 | +€222 | +1.9% |
| Trade debts | 44 | €5,338 | €19,287 | +€13,949 | +261% |
| Suppliers | 440/4 | €5,338 | €19,287 | +€13,949 | +261% |
| Taxes, remuneration and social security | 45 | €28,656 | €49,092 | +€20,436 | +71.3% |
| Taxes | 450/3 | €28,656 | €49,092 | +€20,436 | +71.3% |
| Other amounts payable | 47/48 | - | €47,221 | +€47,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,658 | €20,606 | -€52 | -0.2% |
| Other operating charges | 640/8 | €10,100 | €9,004 | -€1,096 | -10.9% |
| Non-recurring operating charges | 66A | €4,527 | €1,647 | -€2,880 | -63.6% |
| Gross operating margin | 9900 | €133,845 | €174,666 | +€40,821 | +30.5% |
| Operating profit (loss) | 9901 | €98,560 | €143,409 | +€44,849 | +45.5% |
| Financial income | 75/76B | €903 | €5,700 | +€4,796 | +531% |
| Recurring financial income | 75 | €903 | €5,700 | +€4,796 | +531% |
| Financial charges | 65/66B | €6,482 | €6,162 | -€320 | -4.9% |
| Recurring financial charges | 65 | €6,482 | €6,162 | -€320 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €92,982 | €142,947 | +€49,966 | +53.7% |
| Income taxes | 67/77 | €28,656 | €45,126 | +€16,470 | +57.5% |
| Profit (loss) for the period | 9904 | €64,326 | €97,822 | +€33,496 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,326 | €97,822 | +€33,496 | +52.1% |
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 26 October 2026 via checked.be.