JK IMMO: 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 IMMO
Largest movements
- Cash -€40,970
down €40,970 (-48.7%), from €84,165 to €43,195
mainly Debts after one year (-€38,037) and Other debts (-€23,000)
- Intangible fixed assets -€23,762
down €23,762 (-17.9%), from €132,913 to €109,151
- Deferred charges and accrued income +€8,165
up €8,165 (+431.4%), from €1,893 to €10,058
- Tangible fixed assets -€3,188
down €3,188 (-14.4%), from €22,174 to €18,987
- Debts after one year -€38,037
down €38,037 (-56.9%), from €66,833 to €28,796
- Other debts -€23,000
down €23,000 (-81.6%), from €28,191 to €5,191
- Reserves +€19,570
up €19,570 (+24.3%), from €80,483 to €100,053
- Tax, wage and social debts -€10,388
down €10,388 (-73.4%), from €14,153 to €3,765
of which Taxes: -€12,052
- Current portion of long-term debt -€2,945
down €2,945 (-7.2%), from €40,983 to €38,037
- Gross operating margin -€57,738
down €57,738 (-41.5%), from €139,067 to €81,329
- Taxes +€5,369
up €5,369 (+1924.1%), from €279 to €5,648
- Depreciation +€3,744
up €3,744 (+12.4%), from €30,161 to €33,906
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 | €253,786 | €196,311 | -€57,475 | -22.6% |
| Fixed assets | 21/28 | €158,087 | €131,138 | -€26,949 | -17.0% |
| Intangible fixed assets | 21 | €132,913 | €109,151 | -€23,762 | -17.9% |
| Tangible fixed assets | 22/27 | €22,174 | €18,987 | -€3,188 | -14.4% |
| Furniture and vehicles | 24 | €22,174 | €18,987 | -€3,188 | -14.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €95,699 | €65,173 | -€30,526 | -31.9% |
| Amounts receivable within one year | 40/41 | €9,641 | €11,920 | +€2,279 | +23.6% |
| Trade receivables | 40 | €9,485 | €11,337 | +€1,852 | +19.5% |
| Other amounts receivable | 41 | €156 | €583 | +€427 | +274.2% |
| Cash at bank and in hand | 54/58 | €84,165 | €43,195 | -€40,970 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,893 | €10,058 | +€8,165 | +431.4% |
| Total equity and liabilities | 10/49 | €253,786 | €196,311 | -€57,475 | -22.6% |
| Equity | 10/15 | €90,483 | €110,053 | +€19,570 | +21.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €80,483 | €100,053 | +€19,570 | +24.3% |
| Distributable reserves | 133 | €80,483 | €100,053 | +€19,570 | +24.3% |
| Amounts payable | 17/49 | €163,303 | €86,258 | -€77,045 | -47.2% |
| Amounts payable after more than one year | 17 | €66,833 | €28,796 | -€38,037 | -56.9% |
| Financial debts | 170/4 | €66,833 | €28,796 | -€38,037 | -56.9% |
| Amounts payable within one year | 42/48 | €96,356 | €57,440 | -€38,916 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €40,983 | €38,037 | -€2,945 | -7.2% |
| Trade debts | 44 | €13,029 | €10,447 | -€2,582 | -19.8% |
| Suppliers | 440/4 | €13,029 | €10,447 | -€2,582 | -19.8% |
| Taxes, remuneration and social security | 45 | €14,153 | €3,765 | -€10,388 | -73.4% |
| Taxes | 450/3 | €14,153 | €2,102 | -€12,052 | -85.2% |
| Remuneration and social security | 454/9 | - | €1,663 | +€1,663 | |
| Other amounts payable | 47/48 | €28,191 | €5,191 | -€23,000 | -81.6% |
| Accrued charges and deferred income | 492/3 | €114 | €23 | -€92 | -80.3% |
| Remuneration, social security and pensions | 62 | €19,537 | €20,275 | +€738 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,161 | €33,906 | +€3,744 | +12.4% |
| Other operating charges | 640/8 | €966 | €932 | -€34 | -3.5% |
| Non-recurring operating charges | 66A | €12,089 | - | -€12,089 | |
| Gross operating margin | 9900 | €139,067 | €81,329 | -€57,738 | -41.5% |
| Operating profit (loss) | 9901 | €76,314 | €26,216 | -€50,098 | -65.6% |
| Financial income | 75/76B | €57 | €12 | -€45 | -79.1% |
| Recurring financial income | 75 | €57 | €12 | -€45 | -79.1% |
| Financial charges | 65/66B | €1,800 | €1,010 | -€790 | -43.9% |
| Recurring financial charges | 65 | €1,800 | €1,010 | -€790 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €74,572 | €25,218 | -€49,354 | -66.2% |
| Income taxes | 67/77 | €279 | €5,648 | +€5,369 | +1924.1% |
| Profit (loss) for the period | 9904 | €74,293 | €19,570 | -€54,723 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,293 | €19,570 | -€54,723 | -73.7% |
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 5 October 2026 via checked.be.