JRK: what changed
Two fiscal 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.
JRK
Largest movements
- Receivables within one year -€233,646
down €233,646 (-30.1%), from €775,781 to €542,135
of which Other amounts receivable: -€233,477
- Receivables after one year +€201,192
up €201,192 (+59.0%), from €341,000 to €542,192
of which Other amounts receivable: +€532,692
- Tangible fixed assets -€28,377
down €28,377 (-26.6%), from €106,836 to €78,459
- Other debts -€201,198
down €201,198 (-11.2%), from €1.8m to €1.6m
- Reserves +€158,937
up €158,937 (+44.1%), from €360,580 to €519,517
- Financial income +€61,481
up €61,481 (+299.2%), from €20,547 to €82,027
- Gross operating margin -€15,063
down €15,063 (-7.3%), from €206,610 to €191,547
- Taxes +€10,517
up €10,517 (+23.4%), from €44,969 to €55,487
- Financial charges +€2,682
up €2,682 (+10.5%), from €25,595 to €28,277
of which Financial charges: +€2,682
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 | €2,295,489 | €2,255,150 | -€40,340 | -1.8% |
| Fixed assets | 21/28 | €1,169,336 | €1,144,959 | -€24,377 | -2.1% |
| Tangible fixed assets | 22/27 | €106,836 | €78,459 | -€28,377 | -26.6% |
| Furniture and vehicles | 24 | €106,836 | €78,459 | -€28,377 | -26.6% |
| Financial fixed assets | 28 | €1,062,500 | €1,066,500 | +€4,000 | +0.4% |
| Current assets | 29/58 | €1,126,153 | €1,110,190 | -€15,962 | -1.4% |
| Amounts receivable after more than one year | 29 | €341,000 | €542,192 | +€201,192 | +59.0% |
| Trade receivables | 290 | €341,000 | €9,500 | -€331,500 | -97.2% |
| Other amounts receivable | 291 | - | €532,692 | +€532,692 | |
| Amounts receivable within one year | 40/41 | €775,781 | €542,135 | -€233,646 | -30.1% |
| Trade receivables | 40 | €30,836 | €30,666 | -€170 | -0.6% |
| Other amounts receivable | 41 | €744,945 | €511,469 | -€233,477 | -31.3% |
| Cash at bank and in hand | 54/58 | €3,347 | €19,767 | +€16,420 | +490.7% |
| Deferred charges and accrued income | 490/1 | €6,025 | €6,098 | +€72 | +1.2% |
| Total equity and liabilities | 10/49 | €2,295,489 | €2,255,150 | -€40,340 | -1.8% |
| Equity | 10/15 | €360,580 | €519,517 | +€158,937 | +44.1% |
| Reserves | 13 | €360,580 | €519,517 | +€158,937 | +44.1% |
| Distributable reserves | 133 | €360,580 | €519,517 | +€158,937 | +44.1% |
| Amounts payable | 17/49 | €1,934,909 | €1,735,633 | -€199,276 | -10.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,834,533 | €1,631,593 | -€202,940 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €16,892 | €16,846 | -€46 | -0.3% |
| Trade debts | 44 | €14,830 | €1,313 | -€13,518 | -91.1% |
| Suppliers | 440/4 | €14,830 | €1,313 | -€13,518 | -91.1% |
| Taxes, remuneration and social security | 45 | €8,805 | €20,626 | +€11,822 | +134.3% |
| Taxes | 450/3 | €5,002 | €16,795 | +€11,793 | +235.8% |
| Remuneration and social security | 454/9 | €3,803 | €3,832 | +€29 | +0.8% |
| Other amounts payable | 47/48 | €1,794,005 | €1,592,808 | -€201,198 | -11.2% |
| Accrued charges and deferred income | 492/3 | €377 | €4,040 | +€3,663 | +972.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,569 | €28,377 | -€192 | -0.7% |
| Other operating charges | 640/8 | €1,293 | €2,497 | +€1,204 | +93.1% |
| Gross operating margin | 9900 | €206,610 | €191,547 | -€15,063 | -7.3% |
| Operating profit (loss) | 9901 | €176,748 | €160,673 | -€16,075 | -9.1% |
| Financial income | 75/76B | €20,547 | €82,027 | +€61,481 | +299.2% |
| Recurring financial income | 75 | €20,547 | €82,027 | +€61,481 | +299.2% |
| Financial charges | 65/66B | €25,595 | €28,277 | +€2,682 | +10.5% |
| Recurring financial charges | 65 | €25,595 | €28,277 | +€2,682 | +10.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €171,700 | €214,423 | +€42,723 | +24.9% |
| Income taxes | 67/77 | €44,969 | €55,487 | +€10,517 | +23.4% |
| Profit (loss) for the period | 9904 | €126,731 | €158,937 | +€32,206 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,731 | €158,937 | +€32,206 | +25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.