JK MANAGEMENT: 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.
JK MANAGEMENT
Largest movements
- Cash +€15,967
up €15,967 (+3.2%), from €491,592 to €507,559
mainly Net result for the year (+€27,282) and Deferred charges and accrued income (+€454)
- Reserves +€27,282
up €27,282 (+3.3%), from €836,557 to €863,839
- Financial income +€6,869
up €6,869 (+142%), from €4,839 to €11,708
- Gross operating margin -€3,821
down €3,821 (-12.0%), from €31,889 to €28,068
- Taxes +€991
up €991 (+10.3%), from €9,644 to €10,634
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 | €865,722 | €886,631 | +€20,909 | +2.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €865,722 | €886,631 | +€20,909 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,494 | €2,606 | +€112 | +4.5% |
| Trade receivables | 40 | €172 | €0 | -€172 | -100% |
| Other amounts receivable | 41 | €2,322 | €2,606 | +€284 | +12.2% |
| Current investments | 50/53 | €346,240 | €351,523 | +€5,283 | +1.5% |
| Cash at bank and in hand | 54/58 | €491,592 | €507,559 | +€15,967 | +3.2% |
| Deferred charges and accrued income | 490/1 | €25,396 | €24,942 | -€454 | -1.8% |
| Total equity and liabilities | 10/49 | €865,722 | €886,631 | +€20,909 | +2.4% |
| Equity | 10/15 | €855,157 | €882,439 | +€27,282 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €836,557 | €863,839 | +€27,282 | +3.3% |
| Distributable reserves | 133 | €836,557 | €863,839 | +€27,282 | +3.3% |
| Amounts payable | 17/49 | €10,565 | €4,191 | -€6,373 | -60.3% |
| Amounts payable within one year | 42/48 | €10,565 | €4,191 | -€6,373 | -60.3% |
| Trade debts | 44 | €2,042 | €225 | -€1,817 | -89.0% |
| Suppliers | 440/4 | €2,042 | €225 | -€1,817 | -89.0% |
| Taxes, remuneration and social security | 45 | €5,739 | €2,728 | -€3,011 | -52.5% |
| Taxes | 450/3 | €5,739 | €2,728 | -€3,011 | -52.5% |
| Other amounts payable | 47/48 | €2,784 | €1,238 | -€1,545 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121 | €0 | -€121 | -100% |
| Other operating charges | 640/8 | €1,771 | €1,794 | +€24 | +1.3% |
| Gross operating margin | 9900 | €31,889 | €28,068 | -€3,821 | -12.0% |
| Operating profit (loss) | 9901 | €29,997 | €26,274 | -€3,723 | -12.4% |
| Financial income | 75/76B | €4,839 | €11,708 | +€6,869 | +142% |
| Recurring financial income | 75 | €4,839 | €11,708 | +€6,869 | +142% |
| Financial charges | 65/66B | €51 | €66 | +€15 | +29.4% |
| Recurring financial charges | 65 | €51 | €66 | +€15 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €34,785 | €37,916 | +€3,131 | +9.0% |
| Income taxes | 67/77 | €9,644 | €10,634 | +€991 | +10.3% |
| Profit (loss) for the period | 9904 | €25,142 | €27,282 | +€2,140 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,142 | €27,282 | +€2,140 | +8.5% |
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.