JKO: 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.
JKO
Largest movements
- Tangible fixed assets -€18,960
down €18,960 (-100.0%), from €18,960 to €0
- Cash -€2,148
down €2,148 (-18.9%), from €11,387 to €9,239
mainly Other debts (-€40,536) and Trade debts (-€1,242)
- Deferred charges and accrued income -€483
down €483 (-72.8%), from €664 to €181
- Receivables within one year -€471
down €471 (-3.8%), from €12,458 to €11,988
- Other debts -€40,536
down €40,536 (-99.3%), from €40,817 to €281
- Profit (loss) carried forward +€19,716
up €19,716 (+92.3%), from -€21,355 to -€1,640
- Trade debts -€1,242
down €1,242 (-61.8%), from €2,008 to €766
- Depreciation -€15,239
down €15,239 (-100.0%), from €15,239 to €0
- Gross operating margin -€10,471
down €10,471 (-33.6%), from €31,209 to €20,738
- Other operating charges -€793
down €793 (-54.4%), from €1,457 to €664
- Taxes -€633
down €633 (-73.6%), from €861 to €228
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 | €43,470 | €21,407 | -€22,062 | -50.8% |
| Fixed assets | 21/28 | €18,960 | €0 | -€18,960 | -100.0% |
| Tangible fixed assets | 22/27 | €18,960 | €0 | -€18,960 | -100.0% |
| Furniture and vehicles | 24 | €18,960 | €0 | -€18,960 | -100.0% |
| Current assets | 29/58 | €24,509 | €21,407 | -€3,102 | -12.7% |
| Amounts receivable within one year | 40/41 | €12,458 | €11,988 | -€471 | -3.8% |
| Other amounts receivable | 41 | €12,458 | €11,988 | -€471 | -3.8% |
| Cash at bank and in hand | 54/58 | €11,387 | €9,239 | -€2,148 | -18.9% |
| Deferred charges and accrued income | 490/1 | €664 | €181 | -€483 | -72.8% |
| Total equity and liabilities | 10/49 | €43,470 | €21,407 | -€22,062 | -50.8% |
| Equity | 10/15 | -€2,755 | €16,960 | +€19,716 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€21,355 | -€1,640 | +€19,716 | +92.3% |
| Amounts payable | 17/49 | €46,225 | €4,447 | -€41,778 | -90.4% |
| Amounts payable within one year | 42/48 | €46,225 | €4,447 | -€41,778 | -90.4% |
| Trade debts | 44 | €2,008 | €766 | -€1,242 | -61.8% |
| Suppliers | 440/4 | €2,008 | €766 | -€1,242 | -61.8% |
| Taxes, remuneration and social security | 45 | €3,400 | €3,400 | = | 0.0% |
| Taxes | 450/3 | €1,800 | €1,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €40,817 | €281 | -€40,536 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,239 | €0 | -€15,239 | -100.0% |
| Other operating charges | 640/8 | €1,457 | €664 | -€793 | -54.4% |
| Gross operating margin | 9900 | €31,209 | €20,738 | -€10,471 | -33.6% |
| Operating profit (loss) | 9901 | €14,513 | €20,074 | +€5,561 | +38.3% |
| Financial charges | 65/66B | €135 | €131 | -€4 | -3.0% |
| Recurring financial charges | 65 | €135 | €131 | -€4 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €14,378 | €19,943 | +€5,565 | +38.7% |
| Income taxes | 67/77 | €861 | €228 | -€633 | -73.6% |
| Profit (loss) for the period | 9904 | €13,517 | €19,716 | +€6,199 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,517 | €19,716 | +€6,199 | +45.9% |
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.