JJK: what changed
Two fiscal 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.
JJK
Largest movements
- Receivables within one year -€470,087
down €470,087 (-40.8%), from €1.2m to €682,279
of which Other amounts receivable: -€590,166
- Tangible fixed assets +€89,169
up €89,169 (+21.9%), from €407,239 to €496,408
of which Land and buildings: +€482,632
- Cash +€28,965
up €28,965 (+42.9%), from €67,593 to €96,558
mainly Receivables within one year (+€470,087) and Debts after one year (+€101,461)
- Trade debts -€205,060
down €205,060 (-43.6%), from €470,046 to €264,986
- Accrued charges and deferred income -€136,953
down €136,953 (-68.0%), from €201,404 to €64,451
- Debts after one year +€101,461
up €101,461 (+29.1%), from €348,722 to €450,182
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward +€47,231
up €47,231 (+64.3%), from €73,483 to €120,714
- Depreciation +€22,389
up €22,389 (+230.2%), from €9,727 to €32,116
- Taxes -€18,606
down €18,606 (-58.7%), from €31,722 to €13,116
- Financial charges +€16,444
up €16,444 (+159.4%), from €10,318 to €26,762
- Staff costs +€11,623
up €11,623 (+4.1%), from €282,757 to €294,379
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.
Cash bridge derived
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 | €1,637,465 | €1,294,672 | -€342,793 | -20.9% |
| Fixed assets | 21/28 | €407,239 | €496,408 | +€89,169 | +21.9% |
| Tangible fixed assets | 22/27 | €407,239 | €496,408 | +€89,169 | +21.9% |
| Land and buildings | 22 | - | €482,632 | +€482,632 | |
| Plant, machinery and equipment | 23 | €7,949 | €7,502 | -€447 | -5.6% |
| Furniture and vehicles | 24 | €13,553 | €6,274 | -€7,279 | -53.7% |
| Assets under construction and advance payments | 27 | €385,737 | - | -€385,737 | |
| Current assets | 29/58 | €1,230,226 | €798,264 | -€431,962 | -35.1% |
| Amounts receivable within one year | 40/41 | €1,152,367 | €682,279 | -€470,087 | -40.8% |
| Trade receivables | 40 | €196,299 | €316,379 | +€120,079 | +61.2% |
| Other amounts receivable | 41 | €956,067 | €365,901 | -€590,166 | -61.7% |
| Cash at bank and in hand | 54/58 | €67,593 | €96,558 | +€28,965 | +42.9% |
| Deferred charges and accrued income | 490/1 | €10,266 | €19,426 | +€9,161 | +89.2% |
| Total equity and liabilities | 10/49 | €1,637,465 | €1,294,672 | -€342,793 | -20.9% |
| Equity | 10/15 | €297,836 | €345,067 | +€47,231 | +15.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €221,353 | €221,353 | = | 0.0% |
| Distributable reserves | 133 | €221,353 | €221,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,483 | €120,714 | +€47,231 | +64.3% |
| Amounts payable | 17/49 | €1,339,629 | €949,605 | -€390,024 | -29.1% |
| Amounts payable after more than one year | 17 | €348,722 | €450,182 | +€101,461 | +29.1% |
| Financial debts | 170/4 | €348,722 | €450,182 | +€101,461 | +29.1% |
| Amounts payable within one year | 42/48 | €789,504 | €434,972 | -€354,532 | -44.9% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €470,046 | €264,986 | -€205,060 | -43.6% |
| Suppliers | 440/4 | €470,046 | €264,986 | -€205,060 | -43.6% |
| Taxes, remuneration and social security | 45 | €39,676 | €22,027 | -€17,649 | -44.5% |
| Taxes | 450/3 | €13,302 | €590 | -€12,712 | -95.6% |
| Remuneration and social security | 454/9 | €26,374 | €21,437 | -€4,937 | -18.7% |
| Other amounts payable | 47/48 | €179,782 | €147,960 | -€31,822 | -17.7% |
| Accrued charges and deferred income | 492/3 | €201,404 | €64,451 | -€136,953 | -68.0% |
| Remuneration, social security and pensions | 62 | €282,757 | €294,379 | +€11,623 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,727 | €32,116 | +€22,389 | +230.2% |
| Other operating charges | 640/8 | €8,715 | €6,689 | -€2,026 | -23.2% |
| Gross operating margin | 9900 | €416,650 | €420,272 | +€3,621 | +0.9% |
| Operating profit (loss) | 9901 | €115,452 | €87,087 | -€28,365 | -24.6% |
| Financial income | 75/76B | €71 | €22 | -€49 | -69.1% |
| Recurring financial income | 75 | €71 | €22 | -€49 | -69.1% |
| Financial charges | 65/66B | €10,318 | €26,762 | +€16,444 | +159.4% |
| Recurring financial charges | 65 | €10,318 | €26,762 | +€16,444 | +159.4% |
| Profit (loss) for the period before taxes | 9903 | €105,205 | €60,347 | -€44,858 | -42.6% |
| Income taxes | 67/77 | €31,722 | €13,116 | -€18,606 | -58.7% |
| Profit (loss) for the period | 9904 | €73,483 | €47,231 | -€26,252 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,483 | €47,231 | -€26,252 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.