JK. to the point: what changed
JK. to the point
Largest movements
- Cash -€6,856
no longer reported in 2025 (was €6,856)
mainly Current portion of long-term debt (-€6,270) and Receivables within one year (-€3,794)
- Receivables within one year +€3,794
up €3,794 (+338%), from €1,122 to €4,916
of which Trade receivables: +€3,468
- Stocks and contracts +€750
up €750 (+3.3%), from €22,594 to €23,344
of which Contracts in progress: +€750
- Tangible fixed assets -€469
no longer reported in 2025 (was €469)
of which Furniture and vehicles: -€289
- Other debts +€6,888
up €6,888 (+23.8%), from €28,921 to €35,809
- Current portion of long-term debt -€6,270
down €6,270 (-71.2%), from €8,811 to €2,540
- Profit (loss) carried forward -€3,333
down €3,333 (-37.7%), from -€8,832 to -€12,165
- Gross operating margin +€3,785
up €3,785 (+66.7%), from -€5,677 to -€1,892
- Taxes -€3,669
no longer reported in 2025 (was €3,669)
- Depreciation -€1,241
down €1,241 (-72.6%), from €1,710 to €469
- Financial charges -€254
down €254 (-25.2%), from €1,009 to €755
- Other operating charges +€67
up €67 (+44.4%), from €150 to €217
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 | €31,041 | €28,260 | -€2,781 | -9.0% |
| Fixed assets | 21/28 | €469 | - | -€469 | |
| Tangible fixed assets | 22/27 | €469 | - | -€469 | |
| Land and buildings | 22 | €180 | - | -€180 | |
| Furniture and vehicles | 24 | €289 | - | -€289 | |
| Current assets | 29/58 | €30,571 | €28,260 | -€2,312 | -7.6% |
| Stocks and contracts in progress | 3 | €22,594 | €23,344 | +€750 | +3.3% |
| Stocks | 30/36 | €21,344 | €21,344 | = | 0.0% |
| Contracts in progress | 37 | €1,250 | €2,000 | +€750 | +60.0% |
| Amounts receivable within one year | 40/41 | €1,122 | €4,916 | +€3,794 | +338% |
| Trade receivables | 40 | - | €3,468 | +€3,468 | |
| Other amounts receivable | 41 | €1,122 | €1,447 | +€325 | +29.0% |
| Cash at bank and in hand | 54/58 | €6,856 | - | -€6,856 | |
| Total equity and liabilities | 10/49 | €31,041 | €28,260 | -€2,781 | -9.0% |
| Equity | 10/15 | -€6,832 | -€10,165 | -€3,333 | -48.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,832 | -€12,165 | -€3,333 | -37.7% |
| Amounts payable | 17/49 | €37,873 | €38,424 | +€552 | +1.5% |
| Amounts payable within one year | 42/48 | €37,873 | €38,424 | +€552 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €8,811 | €2,540 | -€6,270 | -71.2% |
| Financial debts | 43 | €141 | €74 | -€66 | -47.1% |
| Other loans | 439 | €141 | €74 | -€66 | -47.1% |
| Other amounts payable | 47/48 | €28,921 | €35,809 | +€6,888 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,710 | €469 | -€1,241 | -72.6% |
| Other operating charges | 640/8 | €150 | €217 | +€67 | +44.4% |
| Gross operating margin | 9900 | -€5,677 | -€1,892 | +€3,785 | +66.7% |
| Operating profit (loss) | 9901 | -€7,537 | -€2,578 | +€4,959 | +65.8% |
| Financial charges | 65/66B | €1,009 | €755 | -€254 | -25.2% |
| Recurring financial charges | 65 | €1,009 | €755 | -€254 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,546 | -€3,333 | +€5,213 | +61.0% |
| Income taxes | 67/77 | €3,669 | - | -€3,669 | |
| Profit (loss) for the period | 9904 | -€12,215 | -€3,333 | +€8,883 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,215 | -€3,333 | +€8,883 | +72.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.