JKB: 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.
JKB
Largest movements
- Receivables within one year +€63,145
up €63,145 (+55.1%), from €114,507 to €177,652
of which Trade receivables: +€60,776
- Tangible fixed assets -€26,492
down €26,492 (-17.3%), from €152,739 to €126,247
of which Plant, machinery and equipment: -€15,925
- Other debts +€90,114
up €90,114 (+95.0%), from €94,837 to €184,951
- Debts after one year -€19,414
down €19,414 (-28.5%), from €68,084 to €48,670
- Profit (loss) carried forward -€18,881
down €18,881 (-84.2%), from €22,434 to €3,553
- Trade debts -€14,129
down €14,129 (-16.3%), from €86,768 to €72,639
- Current portion of long-term debt -€4,753
down €4,753 (-19.7%), from €24,167 to €19,414
- Gross operating margin +€56,644
up €56,644 (+35.3%), from €160,640 to €217,284
- Taxes +€15,445
up €15,445 (+171%), from €9,013 to €24,458
- Depreciation -€3,119
down €3,119 (-6.3%), from €49,761 to €46,642
- Financial charges -€2,733
down €2,733 (-21.9%), from €12,476 to €9,743
of which Financial charges: -€2,747
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 | €337,394 | €371,608 | +€34,214 | +10.1% |
| Fixed assets | 21/28 | €156,339 | €129,847 | -€26,492 | -16.9% |
| Tangible fixed assets | 22/27 | €152,739 | €126,247 | -€26,492 | -17.3% |
| Plant, machinery and equipment | 23 | €102,088 | €86,163 | -€15,925 | -15.6% |
| Furniture and vehicles | 24 | €31,207 | €24,386 | -€6,821 | -21.9% |
| Other tangible fixed assets | 26 | €19,444 | €15,698 | -€3,746 | -19.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €181,055 | €241,761 | +€60,706 | +33.5% |
| Amounts receivable within one year | 40/41 | €114,507 | €177,652 | +€63,145 | +55.1% |
| Trade receivables | 40 | €82,366 | €143,142 | +€60,776 | +73.8% |
| Other amounts receivable | 41 | €32,141 | €34,510 | +€2,369 | +7.4% |
| Cash at bank and in hand | 54/58 | €60,605 | €61,133 | +€528 | +0.9% |
| Deferred charges and accrued income | 490/1 | €5,943 | €2,976 | -€2,967 | -49.9% |
| Total equity and liabilities | 10/49 | €337,394 | €371,608 | +€34,214 | +10.1% |
| Equity | 10/15 | €43,038 | €24,157 | -€18,881 | -43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,004 | €2,004 | = | 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% |
| Tax-exempt reserves | 132 | €144 | €144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,434 | €3,553 | -€18,881 | -84.2% |
| Amounts payable | 17/49 | €294,356 | €347,451 | +€53,095 | +18.0% |
| Amounts payable after more than one year | 17 | €68,084 | €48,670 | -€19,414 | -28.5% |
| Financial debts | 170/4 | €68,084 | €48,670 | -€19,414 | -28.5% |
| Amounts payable within one year | 42/48 | €221,204 | €290,666 | +€69,462 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €24,167 | €19,414 | -€4,753 | -19.7% |
| Financial debts | 43 | €772 | €854 | +€82 | +10.6% |
| Credit institutions | 430/8 | €772 | €854 | +€82 | +10.6% |
| Trade debts | 44 | €86,768 | €72,639 | -€14,129 | -16.3% |
| Suppliers | 440/4 | €86,768 | €72,639 | -€14,129 | -16.3% |
| Taxes, remuneration and social security | 45 | €14,660 | €12,808 | -€1,852 | -12.6% |
| Taxes | 450/3 | €5,700 | €8,250 | +€2,550 | +44.7% |
| Remuneration and social security | 454/9 | €8,960 | €4,558 | -€4,402 | -49.1% |
| Other amounts payable | 47/48 | €94,837 | €184,951 | +€90,114 | +95.0% |
| Accrued charges and deferred income | 492/3 | €5,068 | €8,115 | +€3,047 | +60.1% |
| Remuneration, social security and pensions | 62 | €67,737 | €66,259 | -€1,478 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,761 | €46,642 | -€3,119 | -6.3% |
| Other operating charges | 640/8 | €1,758 | €1,307 | -€451 | -25.7% |
| Gross operating margin | 9900 | €160,640 | €217,284 | +€56,644 | +35.3% |
| Operating profit (loss) | 9901 | €41,384 | €103,076 | +€61,692 | +149% |
| Financial income | 75/76B | €2,351 | €2,244 | -€107 | -4.6% |
| Recurring financial income | 75 | €2,351 | €2,244 | -€107 | -4.6% |
| Financial charges | 65/66B | €12,476 | €9,743 | -€2,733 | -21.9% |
| Recurring financial charges | 65 | €12,476 | €9,729 | -€2,747 | -22.0% |
| Non-recurring financial charges | 66B | - | €14 | +€14 | |
| Profit (loss) for the period before taxes | 9903 | €31,259 | €95,577 | +€64,318 | +206% |
| Income taxes | 67/77 | €9,013 | €24,458 | +€15,445 | +171% |
| Profit (loss) for the period | 9904 | €22,246 | €71,119 | +€48,873 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €22,246 | €71,119 | +€48,873 | +220% |
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 14 October 2026 via checked.be.