JKMANAGEMENT: 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.
JKMANAGEMENT
Largest movements
- Financial fixed assets +€269,926
up €269,926 (+22.4%), from €1.2m to €1.5m
- Receivables within one year -€120,180
down €120,180 (-93.0%), from €129,196 to €9,015
of which Trade receivables: -€81,725
- Tangible fixed assets -€41,671
down €41,671 (-3.5%), from €1.2m to €1.1m
of which Land and buildings: -€44,896
- Contributions +€11.7m
up €11.7m (+386.8%), from €3.0m to €14.7m
- Profit (loss) carried forward -€11.4m
down €11.4m (-448.4%), from -€2.5m to -€14.0m
- Debts after one year -€277,060
down €277,060 (-16.5%), from €1.7m to €1.4m
of which Financial debts: -€201,977
- Other debts +€98,963
up €98,963 (+171.7%), from €57,621 to €156,583
- Financial income +€269,687
new in 2025: €269,687
of which Non-recurring financial income: +€269,686
- Gross operating margin -€44,964
down €44,964 (-37.1%), from €121,212 to €76,247
- Taxes -€12,437
down €12,437 (-86.0%), from €14,466 to €2,029
- Financial charges -€4,355
down €4,355 (-14.6%), from €29,762 to €25,407
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 | €2,522,061 | €2,635,571 | +€113,509 | +4.5% |
| Fixed assets | 21/28 | €2,379,500 | €2,607,755 | +€228,255 | +9.6% |
| Tangible fixed assets | 22/27 | €1,173,930 | €1,132,259 | -€41,671 | -3.5% |
| Land and buildings | 22 | €1,171,572 | €1,126,676 | -€44,896 | -3.8% |
| Furniture and vehicles | 24 | €2,357 | €5,583 | +€3,226 | +136.8% |
| Financial fixed assets | 28 | €1,205,570 | €1,475,496 | +€269,926 | +22.4% |
| Current assets | 29/58 | €142,561 | €27,815 | -€114,746 | -80.5% |
| Amounts receivable within one year | 40/41 | €129,196 | €9,015 | -€120,180 | -93.0% |
| Trade receivables | 40 | €86,119 | €4,394 | -€81,725 | -94.9% |
| Other amounts receivable | 41 | €43,076 | €4,621 | -€38,455 | -89.3% |
| Cash at bank and in hand | 54/58 | €13,366 | €18,800 | +€5,434 | +40.7% |
| Total equity and liabilities | 10/49 | €2,522,061 | €2,635,571 | +€113,509 | +4.5% |
| Equity | 10/15 | €556,073 | €852,814 | +€296,742 | +53.4% |
| Contributions | 10/11 | €3,025,059 | €14,725,059 | +€11.7m | +386.8% |
| Reserves | 13 | €78,025 | €96,617 | +€18,592 | +23.8% |
| Non-distributable reserves | 130/1 | - | €18,592 | +€18,592 | |
| Reserves not available under the articles | 1311 | - | €18,592 | +€18,592 | |
| Distributable reserves | 133 | €78,025 | €78,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,547,012 | -€13,968,862 | -€11.4m | -448.4% |
| Amounts payable | 17/49 | €1,965,988 | €1,782,756 | -€183,232 | -9.3% |
| Amounts payable after more than one year | 17 | €1,680,569 | €1,403,509 | -€277,060 | -16.5% |
| Financial debts | 170/4 | €1,031,762 | €829,785 | -€201,977 | -19.6% |
| Other amounts payable | 178/9 | €648,807 | €573,724 | -€75,083 | -11.6% |
| Amounts payable within one year | 42/48 | €268,986 | €379,247 | +€110,261 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €176,638 | €185,885 | +€9,247 | +5.2% |
| Trade debts | 44 | €21,432 | €29,543 | +€8,111 | +37.8% |
| Suppliers | 440/4 | €21,432 | €29,543 | +€8,111 | +37.8% |
| Taxes, remuneration and social security | 45 | €13,296 | €7,235 | -€6,060 | -45.6% |
| Taxes | 450/3 | €13,296 | €7,235 | -€6,060 | -45.6% |
| Other amounts payable | 47/48 | €57,621 | €156,583 | +€98,963 | +171.7% |
| Accrued charges and deferred income | 492/3 | €16,433 | - | -€16,433 | |
| Remuneration, social security and pensions | 62 | €8 | - | -€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,369 | €46,479 | +€110 | +0.2% |
| Other operating charges | 640/8 | €4,998 | €4,708 | -€290 | -5.8% |
| Gross operating margin | 9900 | €121,212 | €76,247 | -€44,964 | -37.1% |
| Operating profit (loss) | 9901 | €69,836 | €25,060 | -€44,776 | -64.1% |
| Financial income | 75/76B | - | €269,687 | +€269,687 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €269,686 | +€269,686 | |
| Financial charges | 65/66B | €29,762 | €25,407 | -€4,355 | -14.6% |
| Recurring financial charges | 65 | €29,762 | €25,407 | -€4,355 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €40,074 | €269,340 | +€229,266 | +572.1% |
| Income taxes | 67/77 | €14,466 | €2,029 | -€12,437 | -86.0% |
| Profit (loss) for the period | 9904 | €25,608 | €267,310 | +€241,702 | +943.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,608 | €267,310 | +€241,702 | +943.9% |
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 12 October 2026 via checked.be.