JKS&N: 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.
JKS&N
Largest movements
- Tangible fixed assets +€44,103
up €44,103 (+3,797%), from €1,161 to €45,264
of which Other tangible fixed assets: +€44,147
- Cash -€33,506
down €33,506 (-65.2%), from €51,426 to €17,920
mainly Contributions, distributions and other (-€54,932) and Investment in fixed assets (net) (-€45,547)
- Receivables within one year +€12,623
up €12,623 (+44.0%), from €28,660 to €41,283
of which Trade receivables: +€13,514
- Debts after one year +€36,067
new in 2025: €36,067
- Reserves -€33,630
down €33,630 (-43.8%), from €76,832 to €43,202
- Other debts +€20,130
up €20,130 (+992%), from €2,029 to €22,159
- Current portion of long-term debt +€3,657
new in 2025: €3,657
- Tax, wage and social debts -€3,003
down €3,003 (-23.3%), from €12,910 to €9,907
of which Taxes: -€6,303
- Gross operating margin +€3,140
up €3,140 (+11.1%), from €28,361 to €31,501
- Financial charges +€1,877
up €1,877, from -€941 to €935
- Taxes +€899
up €899 (+13.9%), from €6,443 to €7,342
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 | €96,609 | €119,056 | +€22,447 | +23.2% |
| Fixed assets | 21/28 | €1,161 | €45,264 | +€44,103 | +3,797% |
| Tangible fixed assets | 22/27 | €1,161 | €45,264 | +€44,103 | +3,797% |
| Furniture and vehicles | 24 | €44 | €0 | -€44 | -100% |
| Other tangible fixed assets | 26 | €1,117 | €45,264 | +€44,147 | +3,952% |
| Current assets | 29/58 | €95,448 | €73,792 | -€21,656 | -22.7% |
| Amounts receivable within one year | 40/41 | €28,660 | €41,283 | +€12,623 | +44.0% |
| Trade receivables | 40 | €26,103 | €39,618 | +€13,514 | +51.8% |
| Other amounts receivable | 41 | €2,557 | €1,665 | -€891 | -34.9% |
| Current investments | 50/53 | €14,589 | €14,589 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,426 | €17,920 | -€33,506 | -65.2% |
| Deferred charges and accrued income | 490/1 | €773 | €0 | -€773 | -100% |
| Total equity and liabilities | 10/49 | €96,609 | €119,056 | +€22,447 | +23.2% |
| Equity | 10/15 | €77,432 | €43,802 | -€33,630 | -43.4% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €76,832 | €43,202 | -€33,630 | -43.8% |
| Distributable reserves | 133 | €76,832 | €43,202 | -€33,630 | -43.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,177 | €75,254 | +€56,077 | +292% |
| Amounts payable after more than one year | 17 | - | €36,067 | +€36,067 | |
| Financial debts | 170/4 | - | €36,067 | +€36,067 | |
| Amounts payable within one year | 42/48 | €19,177 | €39,186 | +€20,009 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €3,657 | +€3,657 | |
| Financial debts | 43 | €3,056 | €3,037 | -€19 | -0.6% |
| Credit institutions | 430/8 | €3,056 | €3,037 | -€19 | -0.6% |
| Trade debts | 44 | €1,182 | €426 | -€756 | -63.9% |
| Suppliers | 440/4 | €1,182 | €426 | -€756 | -63.9% |
| Taxes, remuneration and social security | 45 | €12,910 | €9,907 | -€3,003 | -23.3% |
| Taxes | 450/3 | €12,910 | €6,607 | -€6,303 | -48.8% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €2,029 | €22,159 | +€20,130 | +992% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €1,444 | +€176 | +13.9% |
| Other operating charges | 640/8 | €482 | €477 | -€5 | -1.1% |
| Gross operating margin | 9900 | €28,361 | €31,501 | +€3,140 | +11.1% |
| Operating profit (loss) | 9901 | €26,610 | €29,580 | +€2,970 | +11.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | -€941 | €935 | +€1,877 | |
| Recurring financial charges | 65 | -€941 | €935 | +€1,877 | |
| Profit (loss) for the period before taxes | 9903 | €27,552 | €28,645 | +€1,093 | +4.0% |
| Income taxes | 67/77 | €6,443 | €7,342 | +€899 | +13.9% |
| Profit (loss) for the period | 9904 | €21,108 | €21,303 | +€195 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,108 | €21,303 | +€195 | +0.9% |
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 16 October 2026 via checked.be.