JJK Projects: 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.
JJK Projects
Largest movements
- Stocks and contracts -€2.3m
no longer reported in 2025 (was €2.3m)
- Receivables within one year +€300,000
new in 2025: €300,000
- Cash +€125,149
up €125,149 (+44,643%), from €280 to €125,429
mainly Stocks and contracts (+€2.3m)
- Short-term financial debts -€1.4m
no longer reported in 2025 (was €1.4m)
- Other debts -€304,856
down €304,856 (-45.8%), from €665,315 to €360,459
- Advances received -€34,900
no longer reported in 2025 (was €34,900)
- Reserves -€29,606
down €29,606 (-73.1%), from €40,486 to €10,880
- Gross operating margin -€79,393
down €79,393, from €70,176 to -€9,217
- Financial charges -€47,438
down €47,438 (-70.4%), from €67,375 to €19,938
- Other operating charges -€2,121
down €2,121 (-85.3%), from €2,487 to €366
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 | €2,258,928 | €425,840 | -€1.8m | -81.1% |
| Current assets | 29/58 | €2,258,928 | €425,840 | -€1.8m | -81.1% |
| Amounts receivable after more than one year | 29 | - | €411 | +€411 | |
| Trade receivables | 290 | - | €411 | +€411 | |
| Stocks and contracts in progress | 3 | €2,258,647 | - | -€2.3m | |
| Stocks | 30/36 | €2,258,647 | - | -€2.3m | |
| Amounts receivable within one year | 40/41 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 41 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €280 | €125,429 | +€125,149 | +44,643% |
| Total equity and liabilities | 10/49 | €2,258,928 | €425,840 | -€1.8m | -81.1% |
| Equity | 10/15 | €44,986 | €15,380 | -€29,606 | -65.8% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €40,486 | €10,880 | -€29,606 | -73.1% |
| Distributable reserves | 133 | €40,486 | €10,880 | -€29,606 | -73.1% |
| Amounts payable | 17/49 | €2,213,941 | €410,459 | -€1.8m | -81.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,146,224 | €360,459 | -€1.8m | -83.2% |
| Financial debts | 43 | €1,436,600 | - | -€1.4m | |
| Credit institutions | 430/8 | €1,436,600 | - | -€1.4m | |
| Trade debts | 44 | €9,408 | - | -€9,408 | |
| Suppliers | 440/4 | €9,408 | - | -€9,408 | |
| Advances received on contracts in progress | 46 | €34,900 | - | -€34,900 | |
| Other amounts payable | 47/48 | €665,315 | €360,459 | -€304,856 | -45.8% |
| Accrued charges and deferred income | 492/3 | €17,718 | - | -€17,718 | |
| Other operating charges | 640/8 | €2,487 | €366 | -€2,121 | -85.3% |
| Gross operating margin | 9900 | €70,176 | -€9,217 | -€79,393 | |
| Operating profit (loss) | 9901 | €67,689 | -€9,583 | -€77,272 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €67,375 | €19,938 | -€47,438 | -70.4% |
| Recurring financial charges | 65 | €67,375 | €19,938 | -€47,438 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €314 | -€29,520 | -€29,834 | |
| Income taxes | 67/77 | - | €86 | +€86 | |
| Profit (loss) for the period | 9904 | €314 | -€29,606 | -€29,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €314 | -€29,606 | -€29,920 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.