JKW: 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.
JKW
Largest movements
- Cash +€170,785
up €170,785 (+121%), from €141,298 to €312,083
mainly Other debts (+€127,727) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€41,351
down €41,351 (-27.3%), from €151,306 to €109,955
of which Furniture and vehicles: -€37,408
- Other debts +€127,727
new in 2025: €127,727
- Reserves -€94,812
down €94,812 (-26.5%), from €357,653 to €262,841
of which Distributable reserves: -€94,812
- Gross operating margin +€56,018
up €56,018 (+35.8%), from €156,316 to €212,334
- Other operating charges +€23,939
up €23,939 (+1,507%), from €1,589 to €25,528
- Depreciation +€16,919
up €16,919 (+69.2%), from €24,432 to €41,351
- Financial income +€5,505
up €5,505 (+515%), from €1,069 to €6,574
- Taxes +€4,207
up €4,207 (+19.6%), from €21,493 to €25,699
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 | €411,592 | €437,186 | +€25,593 | +6.2% |
| Fixed assets | 21/28 | €151,306 | €109,955 | -€41,351 | -27.3% |
| Tangible fixed assets | 22/27 | €151,306 | €109,955 | -€41,351 | -27.3% |
| Land and buildings | 22 | €6,855 | €5,831 | -€1,024 | -14.9% |
| Plant, machinery and equipment | 23 | €11,599 | €8,680 | -€2,919 | -25.2% |
| Furniture and vehicles | 24 | €132,852 | €95,444 | -€37,408 | -28.2% |
| Current assets | 29/58 | €260,286 | €327,231 | +€66,945 | +25.7% |
| Amounts receivable within one year | 40/41 | €15,730 | €11,363 | -€4,367 | -27.8% |
| Trade receivables | 40 | €15,730 | €11,363 | -€4,367 | -27.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €141,298 | €312,083 | +€170,785 | +121% |
| Deferred charges and accrued income | 490/1 | €3,258 | €3,785 | +€526 | +16.2% |
| Total equity and liabilities | 10/49 | €411,592 | €437,186 | +€25,593 | +6.2% |
| Equity | 10/15 | €376,203 | €281,391 | -€94,812 | -25.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €357,653 | €262,841 | -€94,812 | -26.5% |
| Non-distributable reserves | 130/1 | €10,278 | €10,278 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,278 | €10,278 | = | 0.0% |
| Distributable reserves | 133 | €347,375 | €252,563 | -€94,812 | -27.3% |
| Amounts payable | 17/49 | €35,390 | €155,795 | +€120,405 | +340% |
| Amounts payable within one year | 42/48 | €35,390 | €155,795 | +€120,405 | +340% |
| Trade debts | 44 | €7,682 | €3,959 | -€3,723 | -48.5% |
| Suppliers | 440/4 | €7,682 | €3,959 | -€3,723 | -48.5% |
| Taxes, remuneration and social security | 45 | €27,708 | €24,109 | -€3,599 | -13.0% |
| Taxes | 450/3 | €12,605 | €15,504 | +€2,899 | +23.0% |
| Remuneration and social security | 454/9 | €15,103 | €8,605 | -€6,498 | -43.0% |
| Other amounts payable | 47/48 | - | €127,727 | +€127,727 | |
| Remuneration, social security and pensions | 62 | €56,155 | €55,500 | -€655 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,432 | €41,351 | +€16,919 | +69.2% |
| Other operating charges | 640/8 | €1,589 | €25,528 | +€23,939 | +1,507% |
| Gross operating margin | 9900 | €156,316 | €212,334 | +€56,018 | +35.8% |
| Operating profit (loss) | 9901 | €74,141 | €89,955 | +€15,814 | +21.3% |
| Financial income | 75/76B | €1,069 | €6,574 | +€5,505 | +515% |
| Recurring financial income | 75 | €1,069 | €6,574 | +€5,505 | +515% |
| Financial charges | 65/66B | €125 | €96 | -€29 | -23.3% |
| Recurring financial charges | 65 | €125 | €96 | -€29 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €75,085 | €96,433 | +€21,348 | +28.4% |
| Income taxes | 67/77 | €21,493 | €25,699 | +€4,207 | +19.6% |
| Profit (loss) for the period | 9904 | €53,592 | €70,734 | +€17,142 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,592 | €70,734 | +€17,142 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.