JK: 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.
JK
Largest movements
- Tangible fixed assets -€15,264
down €15,264 (-4.8%), from €319,098 to €303,833
- Debts after one year -€21,769
down €21,769 (-38.5%), from €56,530 to €34,761
of which Financial debts: -€21,769
- Profit (loss) carried forward +€8,754
up €8,754 (+361.5%), from €2,422 to €11,176
- Revaluation surpluses -€3,996
down €3,996 (-2.5%), from €159,594 to €155,598
- Reserves +€3,996
up €3,996 (+16.7%), from €23,976 to €27,972
- Gross operating margin +€9,717
up €9,717 (+37.2%), from €26,142 to €35,859
- Other operating charges +€2,670
up €2,670 (+123.0%), from €2,171 to €4,840
- Taxes +€2,017
up €2,017 (+76.9%), from €2,624 to €4,641
- Financial charges -€719
down €719 (-23.4%), from €3,078 to €2,359
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 | €323,976 | €312,456 | -€11,521 | -3.6% |
| Fixed assets | 21/28 | €319,098 | €303,833 | -€15,264 | -4.8% |
| Tangible fixed assets | 22/27 | €319,098 | €303,833 | -€15,264 | -4.8% |
| Land and buildings | 22 | €319,098 | €303,833 | -€15,264 | -4.8% |
| Current assets | 29/58 | €4,879 | €8,622 | +€3,744 | +76.7% |
| Amounts receivable within one year | 40/41 | - | €103 | +€103 | |
| Trade receivables | 40 | - | €103 | +€103 | |
| Cash at bank and in hand | 54/58 | €3,815 | €6,669 | +€2,854 | +74.8% |
| Deferred charges and accrued income | 490/1 | €1,064 | €1,850 | +€786 | +73.9% |
| Total equity and liabilities | 10/49 | €323,976 | €312,456 | -€11,521 | -3.6% |
| Equity | 10/15 | €204,592 | €213,346 | +€8,754 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €159,594 | €155,598 | -€3,996 | -2.5% |
| Reserves | 13 | €23,976 | €27,972 | +€3,996 | +16.7% |
| Distributable reserves | 133 | €23,976 | €27,972 | +€3,996 | +16.7% |
| Profit (loss) carried forward | 14 | €2,422 | €11,176 | +€8,754 | +361.5% |
| Amounts payable | 17/49 | €119,384 | €99,109 | -€20,275 | -17.0% |
| Amounts payable after more than one year | 17 | €56,530 | €34,761 | -€21,769 | -38.5% |
| Financial debts | 170/4 | €52,130 | €30,361 | -€21,769 | -41.8% |
| Other amounts payable | 178/9 | €4,400 | €4,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,854 | €63,548 | +€694 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €22,366 | €21,769 | -€597 | -2.7% |
| Trade debts | 44 | €750 | €902 | +€152 | +20.2% |
| Suppliers | 440/4 | €750 | €902 | +€152 | +20.2% |
| Taxes, remuneration and social security | 45 | €5,602 | €6,741 | +€1,139 | +20.3% |
| Taxes | 450/3 | €5,602 | €6,741 | +€1,139 | +20.3% |
| Other amounts payable | 47/48 | €34,136 | €34,136 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,259 | €15,264 | +€5 | 0.0% |
| Other operating charges | 640/8 | €2,171 | €4,840 | +€2,670 | +123.0% |
| Gross operating margin | 9900 | €26,142 | €35,859 | +€9,717 | +37.2% |
| Operating profit (loss) | 9901 | €8,712 | €15,755 | +€7,042 | +80.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,078 | €2,359 | -€719 | -23.4% |
| Recurring financial charges | 65 | €3,078 | €2,359 | -€719 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €5,634 | €13,396 | +€7,761 | +137.8% |
| Income taxes | 67/77 | €2,624 | €4,641 | +€2,017 | +76.9% |
| Profit (loss) for the period | 9904 | €3,010 | €8,754 | +€5,744 | +190.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,010 | €8,754 | +€5,744 | +190.8% |
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 30 September 2026 via checked.be.