JK PROJECT: what changed
JK PROJECT
Largest movements
- Cash -€76,324
down €76,324 (-27.5%), from €277,568 to €201,244
mainly Investment in fixed assets (net) (-€95,829) and Trade debts (-€49,524)
- Tangible fixed assets +€67,557
up €67,557 (+83.6%), from €80,810 to €148,367
of which Furniture and vehicles: +€84,924
- Reserves +€96,348
up €96,348 (+22.7%), from €424,247 to €520,595
- Trade debts -€49,524
down €49,524 (-55.9%), from €88,649 to €39,125
- Tax, wage and social debts -€19,488
down €19,488 (-51.3%), from €37,983 to €18,495
of which Remuneration and social security: -€15,787
- Debts after one year -€12,438
down €12,438 (-56.5%), from €22,021 to €9,583
- Other debts -€12,364
down €12,364 (-59.9%), from €20,641 to €8,277
- Staff costs +€70,503
up €70,503 (+37.4%), from €188,508 to €259,011
- Gross operating margin +€23,750
up €23,750 (+6.0%), from €394,098 to €417,848
- Taxes -€20,930
down €20,930 (-34.8%), from €60,104 to €39,174
- Financial income -€12,399
down €12,399 (-46.6%), from €26,626 to €14,227
of which Non-recurring financial income: -€11,195
- Depreciation +€4,786
up €4,786 (+20.4%), from €23,486 to €28,272
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,725 | €626,599 | -€3,126 | -0.5% |
| Fixed assets | 21/28 | €80,810 | €148,367 | +€67,557 | +83.6% |
| Tangible fixed assets | 22/27 | €80,810 | €148,367 | +€67,557 | +83.6% |
| Plant, machinery and equipment | 23 | €7,622 | €7,809 | +€187 | +2.5% |
| Furniture and vehicles | 24 | €35,053 | €119,977 | +€84,924 | +242% |
| Leasing and similar rights | 25 | €38,135 | €20,581 | -€17,554 | -46.0% |
| Current assets | 29/58 | €548,915 | €478,232 | -€70,683 | -12.9% |
| Stocks and contracts in progress | 3 | €129,186 | €132,658 | +€3,472 | +2.7% |
| Stocks | 30/36 | €60,052 | €58,273 | -€1,779 | -3.0% |
| Contracts in progress | 37 | €69,134 | €74,385 | +€5,251 | +7.6% |
| Amounts receivable within one year | 40/41 | €135,781 | €138,523 | +€2,742 | +2.0% |
| Trade receivables | 40 | €111,630 | €100,213 | -€11,417 | -10.2% |
| Other amounts receivable | 41 | €24,151 | €38,310 | +€14,159 | +58.6% |
| Cash at bank and in hand | 54/58 | €277,568 | €201,244 | -€76,324 | -27.5% |
| Deferred charges and accrued income | 490/1 | €6,380 | €5,807 | -€573 | -9.0% |
| Total equity and liabilities | 10/49 | €629,725 | €626,599 | -€3,126 | -0.5% |
| Equity | 10/15 | €430,447 | €526,795 | +€96,348 | +22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €424,247 | €520,595 | +€96,348 | +22.7% |
| Distributable reserves | 133 | €424,247 | €520,595 | +€96,348 | +22.7% |
| Amounts payable | 17/49 | €199,278 | €99,804 | -€99,474 | -49.9% |
| Amounts payable after more than one year | 17 | €22,021 | €9,583 | -€12,438 | -56.5% |
| Financial debts | 170/4 | €22,021 | €9,583 | -€12,438 | -56.5% |
| Amounts payable within one year | 42/48 | €177,257 | €90,221 | -€87,036 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €12,437 | -€5,563 | -30.9% |
| Financial debts | 43 | €11,984 | €11,887 | -€97 | -0.8% |
| Credit institutions | 430/8 | €11,984 | €11,887 | -€97 | -0.8% |
| Trade debts | 44 | €88,649 | €39,125 | -€49,524 | -55.9% |
| Suppliers | 440/4 | €88,649 | €39,125 | -€49,524 | -55.9% |
| Taxes, remuneration and social security | 45 | €37,983 | €18,495 | -€19,488 | -51.3% |
| Taxes | 450/3 | €5,212 | €1,511 | -€3,701 | -71.0% |
| Remuneration and social security | 454/9 | €32,771 | €16,984 | -€15,787 | -48.2% |
| Other amounts payable | 47/48 | €20,641 | €8,277 | -€12,364 | -59.9% |
| Remuneration, social security and pensions | 62 | €188,508 | €259,011 | +€70,503 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,486 | €28,272 | +€4,786 | +20.4% |
| Other operating charges | 640/8 | €4,783 | €4,038 | -€745 | -15.6% |
| Gross operating margin | 9900 | €394,098 | €417,848 | +€23,750 | +6.0% |
| Operating profit (loss) | 9901 | €177,321 | €126,527 | -€50,794 | -28.6% |
| Financial income | 75/76B | €26,626 | €14,227 | -€12,399 | -46.6% |
| Recurring financial income | 75 | €3,822 | €2,618 | -€1,204 | -31.5% |
| Non-recurring financial income | 76B | €22,804 | €11,609 | -€11,195 | -49.1% |
| Financial charges | 65/66B | €8,988 | €5,232 | -€3,756 | -41.8% |
| Recurring financial charges | 65 | €8,988 | €5,232 | -€3,756 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €194,959 | €135,522 | -€59,437 | -30.5% |
| Income taxes | 67/77 | €60,104 | €39,174 | -€20,930 | -34.8% |
| Profit (loss) for the period | 9904 | €134,855 | €96,348 | -€38,507 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,855 | €96,348 | -€38,507 | -28.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.