JKA: 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.
JKA
Largest movements
- Tangible fixed assets -€33,153
down €33,153 (-31.5%), from €105,223 to €72,070
of which Furniture and vehicles: -€23,729
- Cash -€22,392
down €22,392 (-63.6%), from €35,219 to €12,827
mainly Accrued charges and deferred income (-€49,212) and Net result for the year (-€24,266)
- Stocks and contracts +€11,904
up €11,904 (+26.7%), from €44,557 to €56,461
- Receivables within one year +€10,537
up €10,537 (+9.2%), from €114,893 to €125,430
- Trade debts +€53,926
up €53,926 (+207.2%), from €26,031 to €79,957
- Accrued charges and deferred income -€49,212
no longer reported in 2025 (was €49,212)
- Profit (loss) carried forward -€24,266
down €24,266 (-26.5%), from €91,400 to €67,134
- Debts after one year -€17,718
down €17,718 (-30.0%), from €58,962 to €41,244
- Other debts +€15,337
new in 2025: €15,337
- Gross operating margin -€32,287
down €32,287 (-23.5%), from €137,681 to €105,394
- Staff costs +€9,080
up €9,080 (+13.8%), from €65,918 to €74,997
- Financial charges +€3,843
up €3,843 (+31.2%), from €12,326 to €16,169
- Other operating charges +€1,668
up €1,668 (+45.4%), from €3,675 to €5,344
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 | €301,931 | €268,827 | -€33,103 | -11.0% |
| Fixed assets | 21/28 | €107,263 | €74,110 | -€33,153 | -30.9% |
| Tangible fixed assets | 22/27 | €105,223 | €72,070 | -€33,153 | -31.5% |
| Land and buildings | 22 | €29,437 | €22,516 | -€6,921 | -23.5% |
| Plant, machinery and equipment | 23 | €3,462 | €960 | -€2,502 | -72.3% |
| Furniture and vehicles | 24 | €72,324 | €48,595 | -€23,729 | -32.8% |
| Financial fixed assets | 28 | €2,040 | €2,040 | = | 0.0% |
| Current assets | 29/58 | €194,668 | €194,718 | +€50 | 0.0% |
| Stocks and contracts in progress | 3 | €44,557 | €56,461 | +€11,904 | +26.7% |
| Stocks | 30/36 | €44,557 | €56,461 | +€11,904 | +26.7% |
| Amounts receivable within one year | 40/41 | €114,893 | €125,430 | +€10,537 | +9.2% |
| Other amounts receivable | 41 | €114,893 | €125,430 | +€10,537 | +9.2% |
| Cash at bank and in hand | 54/58 | €35,219 | €12,827 | -€22,392 | -63.6% |
| Total equity and liabilities | 10/49 | €301,931 | €268,827 | -€33,103 | -11.0% |
| Equity | 10/15 | €99,460 | €75,194 | -€24,266 | -24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,400 | €67,134 | -€24,266 | -26.5% |
| Amounts payable | 17/49 | €202,470 | €193,633 | -€8,837 | -4.4% |
| Amounts payable after more than one year | 17 | €58,962 | €41,244 | -€17,718 | -30.0% |
| Financial debts | 170/4 | €58,962 | €41,244 | -€17,718 | -30.0% |
| Amounts payable within one year | 42/48 | €94,297 | €152,389 | +€58,092 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €26,355 | €17,253 | -€9,102 | -34.5% |
| Financial debts | 43 | €38,827 | €36,384 | -€2,443 | -6.3% |
| Credit institutions | 430/8 | €38,827 | €36,384 | -€2,443 | -6.3% |
| Trade debts | 44 | €26,031 | €79,957 | +€53,926 | +207.2% |
| Suppliers | 440/4 | €26,031 | €79,957 | +€53,926 | +207.2% |
| Taxes, remuneration and social security | 45 | €3,085 | €3,458 | +€374 | +12.1% |
| Taxes | 450/3 | €3,085 | €1,584 | -€1,500 | -48.6% |
| Remuneration and social security | 454/9 | - | €1,874 | +€1,874 | |
| Other amounts payable | 47/48 | - | €15,337 | +€15,337 | |
| Accrued charges and deferred income | 492/3 | €49,212 | - | -€49,212 | |
| Remuneration, social security and pensions | 62 | €65,918 | €74,997 | +€9,080 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,153 | €33,153 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,675 | €5,344 | +€1,668 | +45.4% |
| Gross operating margin | 9900 | €137,681 | €105,394 | -€32,287 | -23.5% |
| Operating profit (loss) | 9901 | €34,935 | -€8,100 | -€43,035 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -48.8% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -48.8% |
| Financial charges | 65/66B | €12,326 | €16,169 | +€3,843 | +31.2% |
| Recurring financial charges | 65 | €12,326 | €16,169 | +€3,843 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €22,615 | -€24,266 | -€46,881 | |
| Income taxes | 67/77 | €791 | - | -€791 | |
| Profit (loss) for the period | 9904 | €21,824 | -€24,266 | -€46,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,824 | -€24,266 | -€46,090 |
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 5 October 2026 via checked.be.