JP KINE: 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.
JP KINE
Largest movements
- Cash -€49,058
down €49,058 (-98.7%), from €49,679 to €621
mainly Contributions, distributions and other (-€68,797) and Tax, wage and social debts (-€10,619)
- Tangible fixed assets -€5,739
down €5,739 (-22.8%), from €25,215 to €19,476
of which Plant, machinery and equipment: -€3,592
- Profit (loss) carried forward -€25,603
no longer reported in 2025 (was €25,603)
- Contributions -€16,570
down €16,570 (-89.1%), from €18,600 to €2,030
- Tax, wage and social debts -€10,619
down €10,619 (-37.0%), from €28,685 to €18,066
- Reserves -€1,860
down €1,860 (-100.0%), from €1,860 to €0
- Turnover +€18,049
up €18,049 (+24.7%), from €72,933 to €90,982
- Purchases and services +€13,140
up €13,140 (+41.0%), from €32,069 to €45,210
- Gross operating margin +€4,909
up €4,909 (+12.0%), from €40,864 to €45,772
- Depreciation -€3,779
down €3,779 (-32.2%), from €11,751 to €7,972
- Taxes +€3,192
up €3,192 (+33.8%), from €9,450 to €12,642
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.
Cash bridge derived
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 | €74,893 | €20,097 | -€54,797 | -73.2% |
| Fixed assets | 21/28 | €25,215 | €19,476 | -€5,739 | -22.8% |
| Tangible fixed assets | 22/27 | €25,215 | €19,476 | -€5,739 | -22.8% |
| Plant, machinery and equipment | 23 | €6,335 | €2,743 | -€3,592 | -56.7% |
| Furniture and vehicles | 24 | €3,465 | €4,381 | +€917 | +26.5% |
| Other tangible fixed assets | 26 | €15,415 | €12,351 | -€3,064 | -19.9% |
| Current assets | 29/58 | €49,679 | €621 | -€49,058 | -98.7% |
| Cash at bank and in hand | 54/58 | €49,679 | €621 | -€49,058 | -98.7% |
| Total equity and liabilities | 10/49 | €74,893 | €20,097 | -€54,797 | -73.2% |
| Equity | 10/15 | €46,063 | €2,030 | -€44,033 | -95.6% |
| Contributions | 10/11 | €18,600 | €2,030 | -€16,570 | -89.1% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €25,603 | - | -€25,603 | |
| Amounts payable | 17/49 | €28,831 | €18,067 | -€10,764 | -37.3% |
| Amounts payable within one year | 42/48 | €28,831 | €18,067 | -€10,764 | -37.3% |
| Trade debts | 44 | €145 | - | -€145 | |
| Suppliers | 440/4 | €145 | - | -€145 | |
| Taxes, remuneration and social security | 45 | €28,685 | €18,066 | -€10,619 | -37.0% |
| Taxes | 450/3 | €28,685 | €18,066 | -€10,619 | -37.0% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Turnover | 70 | €72,933 | €90,982 | +€18,049 | +24.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,069 | €45,210 | +€13,140 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,751 | €7,972 | -€3,779 | -32.2% |
| Other operating charges | 640/8 | €285 | €295 | +€10 | +3.4% |
| Non-recurring operating charges | 66A | €181 | - | -€181 | |
| Gross operating margin | 9900 | €40,864 | €45,772 | +€4,909 | +12.0% |
| Operating profit (loss) | 9901 | €28,646 | €37,505 | +€8,859 | +30.9% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €219 | €108 | -€111 | -50.7% |
| Recurring financial charges | 65 | €219 | €108 | -€111 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €28,427 | €37,406 | +€8,979 | +31.6% |
| Income taxes | 67/77 | €9,450 | €12,642 | +€3,192 | +33.8% |
| Profit (loss) for the period | 9904 | €18,977 | €24,764 | +€5,787 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,977 | €24,764 | +€5,787 | +30.5% |
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 10 October 2026 via checked.be.