JK.O: 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.O
Largest movements
- Receivables within one year +€113,999
up €113,999 (+91.7%), from €124,285 to €238,284
of which Trade receivables: +€124,662
- Cash -€50,233
down €50,233 (-73.2%), from €68,580 to €18,347
mainly Receivables within one year (-€113,999) and Investment in fixed assets (net) (-€62,541)
- Tangible fixed assets +€44,188
up €44,188 (+38.0%), from €116,270 to €160,458
of which Land and buildings: +€48,499
- Current investments -€41,286
down €41,286 (-82.9%), from €49,803 to €8,517
- Debts after one year +€26,987
up €26,987 (+24.4%), from €110,565 to €137,552
- Reserves +€20,000
up €20,000 (+38.1%), from €52,500 to €72,500
- Trade debts +€10,830
up €10,830 (+8.3%), from €130,792 to €141,622
- Other debts +€8,732
new in 2025: €8,732
- Turnover -€55,094
down €55,094 (-17.4%), from €316,383 to €261,290
- Purchases and services -€39,695
down €39,695 (-16.4%), from €242,338 to €202,643
- Gross operating margin -€19,866
down €19,866 (-25.3%), from €78,513 to €58,647
- Financial income +€11,867
up €11,867 (+15,455%), from €77 to €11,943
- Taxes -€5,963
down €5,963 (-34.7%), from €17,182 to €11,219
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 | €507,288 | €573,955 | +€66,667 | +13.1% |
| Fixed assets | 21/28 | €117,620 | €161,808 | +€44,188 | +37.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €116,270 | €160,458 | +€44,188 | +38.0% |
| Land and buildings | 22 | €104,355 | €152,853 | +€48,499 | +46.5% |
| Furniture and vehicles | 24 | €11,915 | €7,605 | -€4,310 | -36.2% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €389,668 | €412,147 | +€22,479 | +5.8% |
| Amounts receivable after more than one year | 29 | €145,000 | €145,000 | = | 0.0% |
| Other amounts receivable | 291 | €145,000 | €145,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €124,285 | €238,284 | +€113,999 | +91.7% |
| Trade receivables | 40 | €97,957 | €222,620 | +€124,662 | +127% |
| Other amounts receivable | 41 | €26,327 | €15,664 | -€10,664 | -40.5% |
| Current investments | 50/53 | €49,803 | €8,517 | -€41,286 | -82.9% |
| Cash at bank and in hand | 54/58 | €68,580 | €18,347 | -€50,233 | -73.2% |
| Deferred charges and accrued income | 490/1 | €2,000 | €1,998 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €507,288 | €573,955 | +€66,667 | +13.1% |
| Equity | 10/15 | €241,901 | €262,610 | +€20,709 | +8.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €52,500 | €72,500 | +€20,000 | +38.1% |
| Distributable reserves | 133 | €52,500 | €72,500 | +€20,000 | +38.1% |
| Profit (loss) carried forward | 14 | €168,941 | €169,650 | +€709 | +0.4% |
| Amounts payable | 17/49 | €265,387 | €311,345 | +€45,958 | +17.3% |
| Amounts payable after more than one year | 17 | €110,565 | €137,552 | +€26,987 | +24.4% |
| Financial debts | 170/4 | €110,565 | €137,552 | +€26,987 | +24.4% |
| Amounts payable within one year | 42/48 | €154,821 | €173,793 | +€18,971 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €8,843 | €12,589 | +€3,746 | +42.4% |
| Financial debts | 43 | €2,530 | €424 | -€2,106 | -83.2% |
| Other loans | 439 | €2,530 | €424 | -€2,106 | -83.2% |
| Trade debts | 44 | €130,792 | €141,622 | +€10,830 | +8.3% |
| Suppliers | 440/4 | €130,792 | €141,622 | +€10,830 | +8.3% |
| Taxes, remuneration and social security | 45 | €12,656 | €10,426 | -€2,229 | -17.6% |
| Taxes | 450/3 | €12,109 | €8,025 | -€4,084 | -33.7% |
| Remuneration and social security | 454/9 | €547 | €2,401 | +€1,855 | +339% |
| Other amounts payable | 47/48 | - | €8,732 | +€8,732 | |
| Turnover | 70 | €316,383 | €261,290 | -€55,094 | -17.4% |
| Non-recurring operating income | 76A | €4,468 | - | -€4,468 | |
| Goods, raw materials, services and sundry goods | 60/61 | €242,338 | €202,643 | -€39,695 | -16.4% |
| Remuneration, social security and pensions | 62 | €16,099 | €11,960 | -€4,139 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,232 | €18,353 | +€120 | +0.7% |
| Other operating charges | 640/8 | €3,098 | €1,716 | -€1,382 | -44.6% |
| Gross operating margin | 9900 | €78,513 | €58,647 | -€19,866 | -25.3% |
| Operating profit (loss) | 9901 | €41,084 | €26,618 | -€14,466 | -35.2% |
| Financial income | 75/76B | €77 | €11,943 | +€11,867 | +15,455% |
| Recurring financial income | 75 | €77 | €11,943 | +€11,867 | +15,455% |
| Financial charges | 65/66B | €5,829 | €6,634 | +€805 | +13.8% |
| Recurring financial charges | 65 | €5,829 | €6,634 | +€805 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €35,331 | €31,928 | -€3,404 | -9.6% |
| Income taxes | 67/77 | €17,182 | €11,219 | -€5,963 | -34.7% |
| Profit (loss) for the period | 9904 | €18,150 | €20,709 | +€2,559 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,150 | €20,709 | +€2,559 | +14.1% |
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 16 October 2026 via checked.be.