JKDS: 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.
JKDS
Largest movements
- Tangible fixed assets +€221,477
up €221,477 (+221.8%), from €99,843 to €321,320
of which Land and buildings: +€225,966
- Receivables within one year +€131,918
up €131,918 (+148.5%), from €88,844 to €220,763
of which Trade receivables: +€127,757
- Stocks and contracts +€30,880
up €30,880 (+70.9%), from €43,571 to €74,450
- Cash -€9,721
down €9,721 (-66.4%), from €14,639 to €4,918
mainly Investment in fixed assets (net) (-€273,426) and Receivables within one year (-€131,918)
- Debts after one year +€323,398
up €323,398 (+340.3%), from €95,046 to €418,444
- Trade debts +€32,047
up €32,047 (+29.3%), from €109,489 to €141,535
- Current portion of long-term debt +€11,545
up €11,545 (+137.3%), from €8,409 to €19,954
- Other debts +€6,720
up €6,720 (+284.8%), from €2,359 to €9,079
- Depreciation +€34,494
up €34,494 (+197.6%), from €17,456 to €51,949
- Gross operating margin +€31,020
up €31,020 (+73.5%), from €42,192 to €73,213
- Staff costs +€12,633
new in 2025: €12,633
- Financial charges +€5,222
up €5,222 (+366.8%), from €1,423 to €6,645
- Taxes -€4,924
down €4,924 (-85.3%), from €5,776 to €851
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 | €247,719 | €624,617 | +€376,898 | +152.1% |
| Fixed assets | 21/28 | €99,903 | €321,380 | +€221,477 | +221.7% |
| Tangible fixed assets | 22/27 | €99,843 | €321,320 | +€221,477 | +221.8% |
| Land and buildings | 22 | - | €225,966 | +€225,966 | |
| Plant, machinery and equipment | 23 | €34,598 | €41,839 | +€7,241 | +20.9% |
| Furniture and vehicles | 24 | €17,188 | €9,158 | -€8,030 | -46.7% |
| Other tangible fixed assets | 26 | €48,057 | €44,357 | -€3,700 | -7.7% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €147,816 | €303,237 | +€155,421 | +105.1% |
| Stocks and contracts in progress | 3 | €43,571 | €74,450 | +€30,880 | +70.9% |
| Stocks | 30/36 | €43,571 | €74,450 | +€30,880 | +70.9% |
| Amounts receivable within one year | 40/41 | €88,844 | €220,763 | +€131,918 | +148.5% |
| Trade receivables | 40 | €61,030 | €188,787 | +€127,757 | +209.3% |
| Other amounts receivable | 41 | €27,814 | €31,976 | +€4,162 | +15.0% |
| Cash at bank and in hand | 54/58 | €14,639 | €4,918 | -€9,721 | -66.4% |
| Deferred charges and accrued income | 490/1 | €762 | €3,106 | +€2,344 | +307.7% |
| Total equity and liabilities | 10/49 | €247,719 | €624,617 | +€376,898 | +152.1% |
| Equity | 10/15 | €24,349 | €25,806 | +€1,457 | +6.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,849 | €23,306 | +€1,457 | +6.7% |
| Distributable reserves | 133 | €21,849 | €23,306 | +€1,457 | +6.7% |
| Amounts payable | 17/49 | €223,370 | €598,811 | +€375,441 | +168.1% |
| Amounts payable after more than one year | 17 | €95,046 | €418,444 | +€323,398 | +340.3% |
| Financial debts | 170/4 | €95,046 | €418,444 | +€323,398 | +340.3% |
| Amounts payable within one year | 42/48 | €128,324 | €180,367 | +€52,043 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €19,954 | +€11,545 | +137.3% |
| Trade debts | 44 | €109,489 | €141,535 | +€32,047 | +29.3% |
| Suppliers | 440/4 | €109,489 | €141,535 | +€32,047 | +29.3% |
| Taxes, remuneration and social security | 45 | €8,067 | €9,799 | +€1,731 | +21.5% |
| Taxes | 450/3 | €5,803 | €937 | -€4,866 | -83.9% |
| Remuneration and social security | 454/9 | €2,265 | €8,862 | +€6,597 | +291.3% |
| Other amounts payable | 47/48 | €2,359 | €9,079 | +€6,720 | +284.8% |
| Remuneration, social security and pensions | 62 | - | €12,633 | +€12,633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,456 | €51,949 | +€34,494 | +197.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,266 | +€4,266 | |
| Other operating charges | 640/8 | €565 | €2,139 | +€1,574 | +278.5% |
| Gross operating margin | 9900 | €42,192 | €73,213 | +€31,020 | +73.5% |
| Operating profit (loss) | 9901 | €24,172 | €2,226 | -€21,946 | -90.8% |
| Financial income | 75/76B | €4,877 | €6,728 | +€1,851 | +38.0% |
| Recurring financial income | 75 | €4,877 | €6,728 | +€1,851 | +38.0% |
| Financial charges | 65/66B | €1,423 | €6,645 | +€5,222 | +366.8% |
| Recurring financial charges | 65 | €1,423 | €6,645 | +€5,222 | +366.8% |
| Profit (loss) for the period before taxes | 9903 | €27,625 | €2,308 | -€25,317 | -91.6% |
| Income taxes | 67/77 | €5,776 | €851 | -€4,924 | -85.3% |
| Profit (loss) for the period | 9904 | €21,849 | €1,457 | -€20,392 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,849 | €1,457 | -€20,392 | -93.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.