JK RED: 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 RED
Largest movements
- Receivables within one year +€35,749
up €35,749 (+71.0%), from €50,379 to €86,128
of which Other amounts receivable: +€32,475
- Tangible fixed assets +€24,057
up €24,057 (+89.7%), from €26,828 to €50,884
of which Furniture and vehicles: +€25,273
- Receivables after one year -€22,854
down €22,854 (-41.7%), from €54,749 to €31,895
- Deferred charges and accrued income -€21,763
down €21,763 (-97.9%), from €22,226 to €463
- Cash +€9,386
up €9,386 (+125.4%), from €7,486 to €16,872
mainly Receivables after one year (+€22,854) and Deferred charges and accrued income (+€21,763)
- Debts after one year +€21,074
new in 2025: €21,074
- Other debts -€17,177
down €17,177 (-41.0%), from €41,939 to €24,763
- Reserves +€13,824
up €13,824 (+17.5%), from €79,168 to €92,993
- Trade debts -€10,975
down €10,975 (-89.9%), from €12,213 to €1,237
- Tax, wage and social debts +€9,578
up €9,578 (+64.1%), from €14,941 to €24,519
- Gross operating margin -€1,806
down €1,806 (-6.6%), from €27,325 to €25,519
- Financial income +€792
up €792 (+59.1%), from €1,341 to €2,134
- Depreciation -€617
down €617 (-12.0%), from €5,135 to €4,518
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 | €161,667 | €186,242 | +€24,575 | +15.2% |
| Fixed assets | 21/28 | €26,828 | €50,884 | +€24,057 | +89.7% |
| Tangible fixed assets | 22/27 | €26,828 | €50,884 | +€24,057 | +89.7% |
| Land and buildings | 22 | €8,077 | €7,662 | -€415 | -5.1% |
| Plant, machinery and equipment | 23 | €1,841 | €1,039 | -€802 | -43.6% |
| Furniture and vehicles | 24 | €16,910 | €42,183 | +€25,273 | +149.5% |
| Current assets | 29/58 | €134,840 | €135,358 | +€518 | +0.4% |
| Amounts receivable after more than one year | 29 | €54,749 | €31,895 | -€22,854 | -41.7% |
| Other amounts receivable | 291 | €54,749 | €31,895 | -€22,854 | -41.7% |
| Amounts receivable within one year | 40/41 | €50,379 | €86,128 | +€35,749 | +71.0% |
| Trade receivables | 40 | €50,358 | €53,632 | +€3,274 | +6.5% |
| Other amounts receivable | 41 | €20 | €32,495 | +€32,475 | +159503.1% |
| Cash at bank and in hand | 54/58 | €7,486 | €16,872 | +€9,386 | +125.4% |
| Deferred charges and accrued income | 490/1 | €22,226 | €463 | -€21,763 | -97.9% |
| Total equity and liabilities | 10/49 | €161,667 | €186,242 | +€24,575 | +15.2% |
| Equity | 10/15 | €92,108 | €105,933 | +€13,824 | +15.0% |
| Contributions | 10/11 | €12,940 | €12,940 | = | 0.0% |
| Reserves | 13 | €79,168 | €92,993 | +€13,824 | +17.5% |
| Distributable reserves | 133 | €79,168 | €92,993 | +€13,824 | +17.5% |
| Amounts payable | 17/49 | €69,559 | €80,309 | +€10,750 | +15.5% |
| Amounts payable after more than one year | 17 | - | €21,074 | +€21,074 | |
| Financial debts | 170/4 | - | €21,074 | +€21,074 | |
| Amounts payable within one year | 42/48 | €69,093 | €58,770 | -€10,323 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,251 | +€8,251 | |
| Trade debts | 44 | €12,213 | €1,237 | -€10,975 | -89.9% |
| Suppliers | 440/4 | €12,213 | €1,237 | -€10,975 | -89.9% |
| Taxes, remuneration and social security | 45 | €14,941 | €24,519 | +€9,578 | +64.1% |
| Taxes | 450/3 | €14,941 | €24,519 | +€9,578 | +64.1% |
| Other amounts payable | 47/48 | €41,939 | €24,763 | -€17,177 | -41.0% |
| Accrued charges and deferred income | 492/3 | €466 | €466 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,135 | €4,518 | -€617 | -12.0% |
| Other operating charges | 640/8 | €1,001 | €791 | -€210 | -21.0% |
| Gross operating margin | 9900 | €27,325 | €25,519 | -€1,806 | -6.6% |
| Operating profit (loss) | 9901 | €21,190 | €20,210 | -€980 | -4.6% |
| Financial income | 75/76B | €1,341 | €2,134 | +€792 | +59.1% |
| Recurring financial income | 75 | €1,341 | €2,134 | +€792 | +59.1% |
| Financial charges | 65/66B | €679 | €763 | +€84 | +12.4% |
| Recurring financial charges | 65 | €679 | €763 | +€84 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €21,852 | €21,581 | -€271 | -1.2% |
| Income taxes | 67/77 | €7,530 | €7,756 | +€227 | +3.0% |
| Profit (loss) for the period | 9904 | €14,322 | €13,824 | -€498 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,322 | €13,824 | -€498 | -3.5% |
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 1 October 2026 via checked.be.