JJ KINSHIP: what changed
What changed
JJ KINSHIP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€110,658
2024 · €52,492+€58,166
Equity
€363,150
2024 · €252,492+€110,658
Cash
€13,548
2024 · €15,435-€1,887
Balance sheet total
€1.1m
2024 · €1.1m+€30,877
Largest movements
Assets
- Receivables within one year +€30,548
new in 2025: €30,548
Equity and liabilities
- Debts after one year -€113,591
down €113,591 (-19.4%), from €586,799 to €473,208
- Profit (loss) carried forward +€110,658
up €110,658 (+211%), from €52,492 to €163,150
- Tax, wage and social debts +€20,458
up €20,458 (+72.6%), from €28,191 to €48,649
Income statement
- Gross operating margin +€38,807
up €38,807 (+30.6%), from €126,639 to €165,446
- Financial charges -€31,394
down €31,394 (-56.9%), from €55,159 to €23,765
- Taxes +€12,505
up €12,505 (+69.4%), from €18,010 to €30,515
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.
Result 2024
€52,492
Gross operating margin
+€38,807
Depreciation
-€324
Other operating charges
+€803
Financial income
-€8
Financial charges
+€31,394
Taxes
-€12,505
Result 2025
€110,658
raises the resultlowers the result
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.
From operations
+€110,431
Investment
-€2,540
Financing
-€109,777
Cash 2024
€15,435
From operations (derived)
+€110,431
Net result for the year
+€110,658
Depreciation
+€324
Receivables within one year
-€30,548
Trade debts
+€702
Tax, wage and social debts
+€20,458
Other debts
+€8,836
Investment (derived)
-€2,540
Investment in fixed assets (net)
-€2,540
Financing
-€109,777
Debts after one year
-€113,591
Current portion of long-term debt
+€3,814
Cash 2025
€13,548
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,369 | €1,104,246 | +€30,877 | +2.9% |
| Fixed assets | 21/28 | €1,057,934 | €1,060,150 | +€2,216 | +0.2% |
| Tangible fixed assets | 22/27 | - | €2,216 | +€2,216 | |
| Plant, machinery and equipment | 23 | - | €2,216 | +€2,216 | |
| Financial fixed assets | 28 | €1,057,934 | €1,057,934 | = | 0.0% |
| Current assets | 29/58 | €15,435 | €44,097 | +€28,662 | +186% |
| Amounts receivable within one year | 40/41 | - | €30,548 | +€30,548 | |
| Other amounts receivable | 41 | - | €30,548 | +€30,548 | |
| Cash at bank and in hand | 54/58 | €15,435 | €13,548 | -€1,887 | -12.2% |
| Total equity and liabilities | 10/49 | €1,073,369 | €1,104,246 | +€30,877 | +2.9% |
| Equity | 10/15 | €252,492 | €363,150 | +€110,658 | +43.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,492 | €163,150 | +€110,658 | +211% |
| Amounts payable | 17/49 | €820,877 | €741,096 | -€79,781 | -9.7% |
| Amounts payable after more than one year | 17 | €586,799 | €473,208 | -€113,591 | -19.4% |
| Financial debts | 170/4 | €586,799 | €473,208 | -€113,591 | -19.4% |
| Amounts payable within one year | 42/48 | €234,078 | €267,888 | +€33,810 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €109,777 | €113,591 | +€3,814 | +3.5% |
| Trade debts | 44 | €34,409 | €35,112 | +€702 | +2.0% |
| Suppliers | 440/4 | €34,409 | €35,112 | +€702 | +2.0% |
| Taxes, remuneration and social security | 45 | €28,191 | €48,649 | +€20,458 | +72.6% |
| Taxes | 450/3 | €28,191 | €48,649 | +€20,458 | +72.6% |
| Other amounts payable | 47/48 | €61,700 | €70,536 | +€8,836 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €324 | +€324 | |
| Other operating charges | 640/8 | €986 | €183 | -€803 | -81.4% |
| Gross operating margin | 9900 | €126,639 | €165,446 | +€38,807 | +30.6% |
| Operating profit (loss) | 9901 | €125,653 | €164,938 | +€39,285 | +31.3% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €55,159 | €23,765 | -€31,394 | -56.9% |
| Recurring financial charges | 65 | €55,159 | €23,765 | -€31,394 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €70,502 | €141,173 | +€70,671 | +100% |
| Income taxes | 67/77 | €18,010 | €30,515 | +€12,505 | +69.4% |
| Profit (loss) for the period | 9904 | €52,492 | €110,658 | +€58,166 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €52,492 | €110,658 | +€58,166 | +111% |
Next steps
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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.