JK GLASCONSTRUCT: what changed
What changed
JK GLASCONSTRUCT
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€85,280
2024 · €41,456+€43,825
Equity
€318,301
2024 · €233,021+€85,280
Cash
€369,934
2024 · €232,801+€137,132
Balance sheet total
€533,633
2024 · €432,630+€101,003
Largest movements
Assets
- Cash +€137,132
up €137,132 (+58.9%), from €232,801 to €369,934
mainly Net result for the year (+€85,280) and Receivables within one year (+€30,432)
- Receivables within one year -€30,432
down €30,432 (-44.0%), from €69,097 to €38,666
of which Trade receivables: -€38,004
Equity and liabilities
- Reserves +€90,091
up €90,091 (+53.1%), from €169,610 to €259,701
of which Distributable reserves: +€90,091
- Trade debts +€18,904
up €18,904 (+64.4%), from €29,369 to €48,272
- Other debts -€7,594
down €7,594 (-4.9%), from €156,533 to €148,939
Income statement
- Gross operating margin +€50,823
up €50,823 (+15.3%), from €331,679 to €382,502
- Taxes +€8,398
up €8,398 (+41.6%), from €20,201 to €28,599
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
€41,456
Gross operating margin
+€50,823
Staff costs
+€2,106
Depreciation
+€216
Other operating charges
+€42
Financial income
+€83
Financial charges
-€1,047
Taxes
-€8,398
Result 2025
€85,280
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
+€148,670
Investment
-€11,538
Financing
€0
Cash 2024
€232,801
From operations (derived)
+€148,670
Net result for the year
+€85,280
Depreciation
+€11,906
Stocks and contracts
+€5,109
Receivables within one year
+€30,432
Deferred charges and accrued income
+€220
Trade debts
+€18,904
Tax, wage and social debts
+€4,413
Other debts
-€7,594
Investment (derived)
-€11,538
Investment in fixed assets (net)
-€11,538
Cash 2025
€369,934
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,630 | €533,633 | +€101,003 | +23.3% |
| Fixed assets | 21/28 | €48,886 | €48,518 | -€368 | -0.8% |
| Tangible fixed assets | 22/27 | €28,142 | €27,486 | -€656 | -2.3% |
| Plant, machinery and equipment | 23 | €7,647 | €15,772 | +€8,125 | +106% |
| Furniture and vehicles | 24 | €20,495 | €11,714 | -€8,781 | -42.8% |
| Financial fixed assets | 28 | €20,744 | €21,032 | +€288 | +1.4% |
| Current assets | 29/58 | €383,744 | €485,116 | +€101,372 | +26.4% |
| Stocks and contracts in progress | 3 | €81,028 | €75,919 | -€5,109 | -6.3% |
| Stocks | 30/36 | €81,028 | €75,919 | -€5,109 | -6.3% |
| Amounts receivable within one year | 40/41 | €69,097 | €38,666 | -€30,432 | -44.0% |
| Trade receivables | 40 | €55,439 | €17,435 | -€38,004 | -68.6% |
| Other amounts receivable | 41 | €13,658 | €21,230 | +€7,572 | +55.4% |
| Cash at bank and in hand | 54/58 | €232,801 | €369,934 | +€137,132 | +58.9% |
| Deferred charges and accrued income | 490/1 | €817 | €597 | -€220 | -26.9% |
| Total equity and liabilities | 10/49 | €432,630 | €533,633 | +€101,003 | +23.3% |
| Equity | 10/15 | €233,021 | €318,301 | +€85,280 | +36.6% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €169,610 | €259,701 | +€90,091 | +53.1% |
| Tax-exempt reserves | 132 | €11,600 | €11,600 | = | 0.0% |
| Distributable reserves | 133 | €158,010 | €248,101 | +€90,091 | +57.0% |
| Profit (loss) carried forward | 14 | €4,811 | - | -€4,811 | |
| Amounts payable | 17/49 | €199,609 | €215,332 | +€15,723 | +7.9% |
| Amounts payable within one year | 42/48 | €199,609 | €215,332 | +€15,723 | +7.9% |
| Trade debts | 44 | €29,369 | €48,272 | +€18,904 | +64.4% |
| Suppliers | 440/4 | €29,369 | €48,272 | +€18,904 | +64.4% |
| Taxes, remuneration and social security | 45 | €13,708 | €18,121 | +€4,413 | +32.2% |
| Taxes | 450/3 | €2,914 | €3,459 | +€545 | +18.7% |
| Remuneration and social security | 454/9 | €10,794 | €14,662 | +€3,868 | +35.8% |
| Other amounts payable | 47/48 | €156,533 | €148,939 | -€7,594 | -4.9% |
| Remuneration, social security and pensions | 62 | €254,046 | €251,940 | -€2,106 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,122 | €11,906 | -€216 | -1.8% |
| Other operating charges | 640/8 | €586 | €544 | -€42 | -7.2% |
| Gross operating margin | 9900 | €331,679 | €382,502 | +€50,823 | +15.3% |
| Operating profit (loss) | 9901 | €64,925 | €118,111 | +€53,186 | +81.9% |
| Financial income | 75/76B | €371 | €454 | +€83 | +22.4% |
| Recurring financial income | 75 | €371 | €454 | +€83 | +22.4% |
| Financial charges | 65/66B | €3,639 | €4,685 | +€1,047 | +28.8% |
| Recurring financial charges | 65 | €3,639 | €4,685 | +€1,047 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €61,657 | €113,879 | +€52,223 | +84.7% |
| Income taxes | 67/77 | €20,201 | €28,599 | +€8,398 | +41.6% |
| Profit (loss) for the period | 9904 | €41,456 | €85,280 | +€43,825 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €41,456 | €85,280 | +€43,825 | +106% |
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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 3 November 2026 via checked.be.