JOR-KIR: 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.
JOR-KIR
Largest movements
- Receivables within one year -€84,226
down €84,226 (-54.4%), from €154,842 to €70,616
of which Trade receivables: -€82,866
- Tangible fixed assets -€17,887
down €17,887 (-26.3%), from €68,105 to €50,218
of which Furniture and vehicles: -€16,016
- Cash -€4,324
down €4,324 (-12.8%), from €33,831 to €29,507
mainly Trade debts (-€98,170) and Current portion of long-term debt (-€6,387)
- Trade debts -€98,170
down €98,170 (-84.1%), from €116,744 to €18,574
- Current portion of long-term debt -€6,387
down €6,387 (-100%), from €6,387 to €0
- Reserves -€4,968
down €4,968 (-12.2%), from €40,801 to €35,834
- Accrued charges and deferred income +€3,026
up €3,026 (+100%), from €3,024 to €6,050
- Gross operating margin +€74,782
up €74,782 (+13.7%), from €546,556 to €621,338
- Staff costs +€45,186
up €45,186 (+8.0%), from €562,084 to €607,270
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 | €259,426 | €152,134 | -€107,292 | -41.4% |
| Fixed assets | 21/28 | €69,205 | €51,318 | -€17,887 | -25.8% |
| Tangible fixed assets | 22/27 | €68,105 | €50,218 | -€17,887 | -26.3% |
| Plant, machinery and equipment | 23 | €1,152 | €859 | -€293 | -25.5% |
| Furniture and vehicles | 24 | €61,449 | €45,432 | -€16,016 | -26.1% |
| Other tangible fixed assets | 26 | €5,505 | €3,927 | -€1,578 | -28.7% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €190,221 | €100,816 | -€89,405 | -47.0% |
| Amounts receivable within one year | 40/41 | €154,842 | €70,616 | -€84,226 | -54.4% |
| Trade receivables | 40 | €122,480 | €39,614 | -€82,866 | -67.7% |
| Other amounts receivable | 41 | €32,362 | €31,002 | -€1,360 | -4.2% |
| Cash at bank and in hand | 54/58 | €33,831 | €29,507 | -€4,324 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,548 | €693 | -€856 | -55.3% |
| Total equity and liabilities | 10/49 | €259,426 | €152,134 | -€107,292 | -41.4% |
| Equity | 10/15 | €59,401 | €54,434 | -€4,968 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,801 | €35,834 | -€4,968 | -12.2% |
| Distributable reserves | 133 | €40,801 | €35,834 | -€4,968 | -12.2% |
| Amounts payable | 17/49 | €200,025 | €97,700 | -€102,325 | -51.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €197,001 | €91,650 | -€105,351 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €6,387 | €0 | -€6,387 | -100% |
| Trade debts | 44 | €116,744 | €18,574 | -€98,170 | -84.1% |
| Suppliers | 440/4 | €116,744 | €18,574 | -€98,170 | -84.1% |
| Taxes, remuneration and social security | 45 | €52,890 | €53,253 | +€363 | +0.7% |
| Taxes | 450/3 | €1,424 | €5,005 | +€3,581 | +251% |
| Remuneration and social security | 454/9 | €51,465 | €48,248 | -€3,218 | -6.3% |
| Other amounts payable | 47/48 | €20,981 | €19,824 | -€1,157 | -5.5% |
| Accrued charges and deferred income | 492/3 | €3,024 | €6,050 | +€3,026 | +100% |
| Remuneration, social security and pensions | 62 | €562,084 | €607,270 | +€45,186 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,783 | €18,209 | +€426 | +2.4% |
| Other operating charges | 640/8 | €3,221 | €2,626 | -€595 | -18.5% |
| Gross operating margin | 9900 | €546,556 | €621,338 | +€74,782 | +13.7% |
| Operating profit (loss) | 9901 | -€36,532 | -€6,767 | +€29,765 | +81.5% |
| Financial income | 75/76B | €1,559 | €4,333 | +€2,773 | +178% |
| Recurring financial income | 75 | €1,559 | €4,333 | +€2,773 | +178% |
| Financial charges | 65/66B | €4,298 | €2,301 | -€1,997 | -46.5% |
| Recurring financial charges | 65 | €4,298 | €2,301 | -€1,997 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | -€39,271 | -€4,736 | +€34,535 | +87.9% |
| Income taxes | 67/77 | €247 | €231 | -€16 | -6.5% |
| Profit (loss) for the period | 9904 | -€39,519 | -€4,968 | +€34,551 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,519 | -€4,968 | +€34,551 | +87.4% |
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 25 October 2026 via checked.be.