JN Klusjesman: what changed
JN Klusjesman
Largest movements
- Tangible fixed assets +€370,001
up €370,001 (+636%), from €58,188 to €428,189
of which Land and buildings: +€382,819
- Cash -€74,285
down €74,285 (-46.5%), from €159,584 to €85,299
mainly Investment in fixed assets (net) (-€402,752) and Contributions, distributions and other (-€204,870)
- Receivables within one year +€49,756
up €49,756 (+73.0%), from €68,112 to €117,869
of which Trade receivables: +€48,094
- Debts after one year +€252,895
new in 2025: €252,895
- Other debts +€128,026
up €128,026 (+266%), from €48,110 to €176,135
- Profit (loss) carried forward -€75,870
down €75,870 (-37.0%), from €204,870 to €128,999
- Trade debts +€29,909
up €29,909 (+260%), from €11,504 to €41,413
- Current portion of long-term debt +€14,993
new in 2025: €14,993
- Gross operating margin +€23,172
up €23,172 (+12.4%), from €187,624 to €210,796
- Depreciation +€15,667
up €15,667 (+91.7%), from €17,084 to €32,751
- Financial charges +€9,261
up €9,261 (+3,238%), from €286 to €9,547
- Write-downs -€4,035
down €4,035 (-100%), from €4,035 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,147 | €636,879 | +€348,732 | +121% |
| Fixed assets | 21/28 | €58,188 | €428,189 | +€370,001 | +636% |
| Tangible fixed assets | 22/27 | €58,188 | €428,189 | +€370,001 | +636% |
| Land and buildings | 22 | - | €382,819 | +€382,819 | |
| Plant, machinery and equipment | 23 | €28,909 | €25,512 | -€3,397 | -11.8% |
| Furniture and vehicles | 24 | €29,278 | €19,858 | -€9,420 | -32.2% |
| Current assets | 29/58 | €229,960 | €208,690 | -€21,269 | -9.2% |
| Stocks and contracts in progress | 3 | €851 | €2,241 | +€1,390 | +163% |
| Stocks | 30/36 | €851 | €2,241 | +€1,390 | +163% |
| Amounts receivable within one year | 40/41 | €68,112 | €117,869 | +€49,756 | +73.0% |
| Trade receivables | 40 | €57,585 | €105,679 | +€48,094 | +83.5% |
| Other amounts receivable | 41 | €10,528 | €12,190 | +€1,662 | +15.8% |
| Cash at bank and in hand | 54/58 | €159,584 | €85,299 | -€74,285 | -46.5% |
| Deferred charges and accrued income | 490/1 | €1,413 | €3,282 | +€1,869 | +132% |
| Total equity and liabilities | 10/49 | €288,147 | €636,879 | +€348,732 | +121% |
| Equity | 10/15 | €223,420 | €147,549 | -€75,870 | -34.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,870 | €128,999 | -€75,870 | -37.0% |
| Amounts payable | 17/49 | €64,728 | €489,330 | +€424,602 | +656% |
| Amounts payable after more than one year | 17 | - | €252,895 | +€252,895 | |
| Financial debts | 170/4 | - | €252,895 | +€252,895 | |
| Amounts payable within one year | 42/48 | €64,728 | €234,435 | +€169,707 | +262% |
| Current portion of amounts payable after more than one year | 42 | - | €14,993 | +€14,993 | |
| Trade debts | 44 | €11,504 | €41,413 | +€29,909 | +260% |
| Suppliers | 440/4 | €11,504 | €41,413 | +€29,909 | +260% |
| Taxes, remuneration and social security | 45 | €5,114 | €1,894 | -€3,220 | -63.0% |
| Taxes | 450/3 | €5,114 | €1,894 | -€3,220 | -63.0% |
| Other amounts payable | 47/48 | €48,110 | €176,135 | +€128,026 | +266% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,084 | €32,751 | +€15,667 | +91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,035 | €0 | -€4,035 | -100% |
| Other operating charges | 640/8 | €1,929 | €1,663 | -€266 | -13.8% |
| Gross operating margin | 9900 | €187,624 | €210,796 | +€23,172 | +12.4% |
| Operating profit (loss) | 9901 | €164,576 | €176,382 | +€11,806 | +7.2% |
| Financial income | 75/76B | €1 | €33 | +€33 | +5,020% |
| Recurring financial income | 75 | €1 | €33 | +€33 | +5,020% |
| Financial charges | 65/66B | €286 | €9,547 | +€9,261 | +3,238% |
| Recurring financial charges | 65 | €286 | €9,547 | +€9,261 | +3,238% |
| Profit (loss) for the period before taxes | 9903 | €164,290 | €166,868 | +€2,578 | +1.6% |
| Income taxes | 67/77 | €36,445 | €37,869 | +€1,424 | +3.9% |
| Profit (loss) for the period | 9904 | €127,845 | €128,999 | +€1,154 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €127,845 | €128,999 | +€1,154 | +0.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.