JKF: 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.
JKF
Largest movements
- Tangible fixed assets +€47,004
up €47,004 (+81.0%), from €58,019 to €105,023
of which Furniture and vehicles: +€49,329
- Cash +€9,580
up €9,580 (+136.4%), from €7,026 to €16,606
mainly Debts after one year (+€53,096) and Depreciation (+€20,879)
- Receivables within one year -€8,972
down €8,972 (-28.0%), from €32,061 to €23,089
of which Trade receivables: -€10,530
- Debts after one year +€53,096
up €53,096 (+163.4%), from €32,502 to €85,598
- Current portion of long-term debt +€14,700
up €14,700 (+79.8%), from €18,431 to €33,131
- Reserves -€14,542
down €14,542 (-10.6%), from €136,980 to €122,437
of which Tax-exempt reserves: -€14,542
- Trade debts +€8,376
up €8,376 (+45.0%), from €18,619 to €26,995
- Tax, wage and social debts -€4,887
down €4,887 (-43.5%), from €11,223 to €6,336
- Write-downs +€10,210
up €10,210 (+354.3%), from €2,882 to €13,091
- Depreciation +€6,073
up €6,073 (+41.0%), from €14,807 to €20,879
- Financial charges +€3,215
up €3,215 (+76.4%), from €4,210 to €7,425
- Taxes -€2,954
down €2,954 (-96.2%), from €3,070 to €116
- Financial income +€2,647
up €2,647 (+5294.6%), from €50 to €2,697
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 | €313,435 | €363,982 | +€50,548 | +16.1% |
| Fixed assets | 21/28 | €58,019 | €105,023 | +€47,004 | +81.0% |
| Tangible fixed assets | 22/27 | €58,019 | €105,023 | +€47,004 | +81.0% |
| Land and buildings | 22 | €23,008 | €19,058 | -€3,950 | -17.2% |
| Plant, machinery and equipment | 23 | €895 | €2,520 | +€1,625 | +181.5% |
| Furniture and vehicles | 24 | €34,116 | €83,445 | +€49,329 | +144.6% |
| Current assets | 29/58 | €255,416 | €258,959 | +€3,543 | +1.4% |
| Amounts receivable after more than one year | 29 | €215,000 | €217,150 | +€2,150 | +1.0% |
| Trade receivables | 290 | €215,000 | - | -€215,000 | |
| Other amounts receivable | 291 | - | €217,150 | +€217,150 | |
| Amounts receivable within one year | 40/41 | €32,061 | €23,089 | -€8,972 | -28.0% |
| Trade receivables | 40 | €31,647 | €21,117 | -€10,530 | -33.3% |
| Other amounts receivable | 41 | €413 | €1,971 | +€1,558 | +377.1% |
| Cash at bank and in hand | 54/58 | €7,026 | €16,606 | +€9,580 | +136.4% |
| Deferred charges and accrued income | 490/1 | €1,329 | €2,115 | +€785 | +59.1% |
| Total equity and liabilities | 10/49 | €313,435 | €363,982 | +€50,548 | +16.1% |
| Equity | 10/15 | €228,159 | €211,862 | -€16,297 | -7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,980 | €122,437 | -€14,542 | -10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €24,542 | €10,000 | -€14,542 | -59.3% |
| Distributable reserves | 133 | €110,577 | €112,437 | +€1,860 | +1.7% |
| Profit (loss) carried forward | 14 | €84,980 | €83,225 | -€1,755 | -2.1% |
| Provisions and deferred taxes | 16 | €3,636 | €0 | -€3,636 | -100.0% |
| Deferred taxes | 168 | €3,636 | €0 | -€3,636 | -100.0% |
| Amounts payable | 17/49 | €81,640 | €152,121 | +€70,481 | +86.3% |
| Amounts payable after more than one year | 17 | €32,502 | €85,598 | +€53,096 | +163.4% |
| Financial debts | 170/4 | €32,502 | €85,598 | +€53,096 | +163.4% |
| Amounts payable within one year | 42/48 | €49,138 | €66,523 | +€17,385 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €18,431 | €33,131 | +€14,700 | +79.8% |
| Trade debts | 44 | €18,619 | €26,995 | +€8,376 | +45.0% |
| Suppliers | 440/4 | €18,619 | €26,995 | +€8,376 | +45.0% |
| Taxes, remuneration and social security | 45 | €11,223 | €6,336 | -€4,887 | -43.5% |
| Taxes | 450/3 | €11,223 | €6,336 | -€4,887 | -43.5% |
| Other amounts payable | 47/48 | €864 | €60 | -€804 | -93.0% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,807 | €20,879 | +€6,073 | +41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,882 | €13,091 | +€10,210 | +354.3% |
| Other operating charges | 640/8 | €3,131 | €2,609 | -€522 | -16.7% |
| Non-recurring operating charges | 66A | - | €2,129 | +€2,129 | |
| Gross operating margin | 9900 | €23,589 | €23,621 | +€31 | +0.1% |
| Operating profit (loss) | 9901 | €2,770 | -€15,089 | -€17,859 | |
| Financial income | 75/76B | €50 | €2,697 | +€2,647 | +5294.6% |
| Recurring financial income | 75 | €50 | €2,697 | +€2,647 | +5294.6% |
| Financial charges | 65/66B | €4,210 | €7,425 | +€3,215 | +76.4% |
| Recurring financial charges | 65 | €4,210 | €7,425 | +€3,215 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,390 | -€19,817 | -€18,426 | -1325.4% |
| Transfer from deferred taxes | 780 | €1,000 | €3,636 | +€2,636 | +263.6% |
| Income taxes | 67/77 | €3,070 | €116 | -€2,954 | -96.2% |
| Profit (loss) for the period | 9904 | -€3,460 | -€16,297 | -€12,837 | -371.0% |
| Transfer from tax-exempt reserves | 789 | €4,000 | €14,542 | +€10,542 | +263.6% |
| Profit (loss) for the period to be appropriated | 9905 | €540 | -€1,755 | -€2,295 |
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 9 October 2026 via checked.be.