JKGV: 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.
JKGV
Largest movements
- Stocks and contracts +€312,364
new in 2025: €312,364
- Cash +€192,895
up €192,895 (+1,488%), from €12,961 to €205,856
mainly Advances received (+€400,000) and Other debts (+€110,164)
- Receivables within one year +€177,567
up €177,567 (+1,183%), from €15,006 to €192,573
of which Other amounts receivable: +€143,045
- Current investments -€28,351
down €28,351 (-53.0%), from €53,517 to €25,166
- Advances received +€400,000
new in 2025: €400,000
- Other debts +€110,164
up €110,164 (+32,762%), from €336 to €110,500
- Trade debts +€92,461
up €92,461 (+425%), from €21,780 to €114,241
- Profit (loss) carried forward +€31,606
up €31,606 (+24.2%), from -€130,504 to -€98,897
- Tax, wage and social debts +€20,457
up €20,457 (+1,999%), from €1,024 to €21,480
- Gross operating margin +€58,552
up €58,552 (+238%), from €24,588 to €83,140
- Taxes +€17,069
up €17,069 (+339%), from €5,030 to €22,099
- Financial charges +€12,142
up €12,142 (+74.5%), from €16,301 to €28,443
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 | €81,930 | €744,332 | +€662,401 | +808% |
| Fixed assets | 21/28 | €447 | €7,470 | +€7,023 | +1,571% |
| Tangible fixed assets | 22/27 | €447 | €7,470 | +€7,023 | +1,571% |
| Furniture and vehicles | 24 | €447 | €7,470 | +€7,023 | +1,571% |
| Current assets | 29/58 | €81,483 | €736,861 | +€655,378 | +804% |
| Stocks and contracts in progress | 3 | - | €312,364 | +€312,364 | |
| Contracts in progress | 37 | - | €312,364 | +€312,364 | |
| Amounts receivable within one year | 40/41 | €15,006 | €192,573 | +€177,567 | +1,183% |
| Trade receivables | 40 | €13,764 | €48,285 | +€34,522 | +251% |
| Other amounts receivable | 41 | €1,242 | €144,287 | +€143,045 | +11,518% |
| Current investments | 50/53 | €53,517 | €25,166 | -€28,351 | -53.0% |
| Cash at bank and in hand | 54/58 | €12,961 | €205,856 | +€192,895 | +1,488% |
| Deferred charges and accrued income | 490/1 | - | €903 | +€903 | |
| Total equity and liabilities | 10/49 | €81,930 | €744,332 | +€662,401 | +808% |
| Equity | 10/15 | -€128,504 | -€96,897 | +€31,606 | +24.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,504 | -€98,897 | +€31,606 | +24.2% |
| Amounts payable | 17/49 | €210,434 | €841,229 | +€630,795 | +300% |
| Amounts payable after more than one year | 17 | €186,907 | €195,008 | +€8,101 | +4.3% |
| Financial debts | 170/4 | €186,907 | €195,008 | +€8,101 | +4.3% |
| Amounts payable within one year | 42/48 | €23,140 | €646,221 | +€623,082 | +2,693% |
| Trade debts | 44 | €21,780 | €114,241 | +€92,461 | +425% |
| Suppliers | 440/4 | €21,780 | €114,241 | +€92,461 | +425% |
| Advances received on contracts in progress | 46 | - | €400,000 | +€400,000 | |
| Taxes, remuneration and social security | 45 | €1,024 | €21,480 | +€20,457 | +1,999% |
| Taxes | 450/3 | €1,024 | €21,480 | +€20,457 | +1,999% |
| Other amounts payable | 47/48 | €336 | €110,500 | +€110,164 | +32,762% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €511 | -€245 | -32.4% |
| Other operating charges | 640/8 | €689 | €532 | -€157 | -22.8% |
| Gross operating margin | 9900 | €24,588 | €83,140 | +€58,552 | +238% |
| Operating profit (loss) | 9901 | €23,144 | €82,097 | +€58,953 | +255% |
| Financial income | 75/76B | €23 | €52 | +€29 | +128% |
| Recurring financial income | 75 | €23 | €52 | +€29 | +128% |
| Financial charges | 65/66B | €16,301 | €28,443 | +€12,142 | +74.5% |
| Recurring financial charges | 65 | €16,301 | €28,443 | +€12,142 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €6,866 | €53,705 | +€46,840 | +682% |
| Income taxes | 67/77 | €5,030 | €22,099 | +€17,069 | +339% |
| Profit (loss) for the period | 9904 | €1,835 | €31,606 | +€29,771 | +1,622% |
| Profit (loss) for the period to be appropriated | 9905 | €1,835 | €31,606 | +€29,771 | +1,622% |
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 28 October 2026 via checked.be.