JL KYNDT: 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.
JL KYNDT
Largest movements
- Receivables within one year +€68,093
up €68,093 (+1,318%), from €5,167 to €73,260
of which Trade receivables: +€63,700
- Cash -€59,900
down €59,900 (-66.3%), from €90,298 to €30,399
mainly Receivables within one year (-€68,093) and Current investments (-€22,454)
- Current investments +€22,454
up €22,454 (+2.3%), from €995,550 to €1.0m
- Reserves +€31,317
up €31,317 (+2.9%), from €1.1m to €1.1m
- Financial income +€28,680
up €28,680 (+112%), from €25,530 to €54,210
- Taxes +€6,063
up €6,063 (+34,446%), from €18 to €6,080
- Gross operating margin -€5,640
down €5,640 (-131%), from -€4,313 to -€9,953
- Financial charges -€1,878
down €1,878 (-22.4%), from €8,380 to €6,502
- Other operating charges +€232
up €232 (+184%), from €126 to €358
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 | €1,091,204 | €1,121,663 | +€30,459 | +2.8% |
| Fixed assets | 21/28 | €189 | - | -€189 | |
| Tangible fixed assets | 22/27 | €189 | - | -€189 | |
| Plant, machinery and equipment | 23 | €189 | - | -€189 | |
| Current assets | 29/58 | €1,091,015 | €1,121,663 | +€30,648 | +2.8% |
| Amounts receivable within one year | 40/41 | €5,167 | €73,260 | +€68,093 | +1,318% |
| Trade receivables | 40 | - | €63,700 | +€63,700 | |
| Other amounts receivable | 41 | €5,167 | €9,560 | +€4,393 | +85.0% |
| Current investments | 50/53 | €995,550 | €1,018,004 | +€22,454 | +2.3% |
| Cash at bank and in hand | 54/58 | €90,298 | €30,399 | -€59,900 | -66.3% |
| Total equity and liabilities | 10/49 | €1,091,204 | €1,121,663 | +€30,459 | +2.8% |
| Equity | 10/15 | €1,087,110 | €1,118,426 | +€31,317 | +2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,068,518 | €1,099,834 | +€31,317 | +2.9% |
| Distributable reserves | 133 | €1,068,518 | €1,099,834 | +€31,317 | +2.9% |
| Amounts payable | 17/49 | €4,094 | €3,237 | -€858 | -20.9% |
| Amounts payable after more than one year | 17 | €3,836 | €2,595 | -€1,242 | -32.4% |
| Other amounts payable | 178/9 | €3,836 | €2,595 | -€1,242 | -32.4% |
| Amounts payable within one year | 42/48 | €258 | €642 | +€384 | +149% |
| Trade debts | 44 | €258 | €642 | +€384 | +149% |
| Suppliers | 440/4 | €258 | €642 | +€384 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | - | -€110 | |
| Other operating charges | 640/8 | €126 | €358 | +€232 | +184% |
| Gross operating margin | 9900 | -€4,313 | -€9,953 | -€5,640 | -131% |
| Operating profit (loss) | 9901 | -€4,548 | -€10,311 | -€5,763 | -127% |
| Financial income | 75/76B | €25,530 | €54,210 | +€28,680 | +112% |
| Recurring financial income | 75 | €25,530 | €54,210 | +€28,680 | +112% |
| Financial charges | 65/66B | €8,380 | €6,502 | -€1,878 | -22.4% |
| Recurring financial charges | 65 | €8,380 | €6,502 | -€1,878 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €12,602 | €37,397 | +€24,795 | +197% |
| Income taxes | 67/77 | €18 | €6,080 | +€6,063 | +34,446% |
| Profit (loss) for the period | 9904 | €12,584 | €31,317 | +€18,732 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €12,584 | €31,317 | +€18,732 | +149% |
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 31 October 2026 via checked.be.