K.J.B.: 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.
What changed
K.J.B.
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€99,809
2024 · €171,008-€270,817
Equity
€6.7m
2024 · €6.8m-€99,809
Cash
€86,635
2024 · €67,605+€19,030
Balance sheet total
€29.4m
2024 · €30.2m-€821,691
Largest movements
Assets
- Financial fixed assets -€660,472
down €660,472 (-2.5%), from €26.3m to €25.6m
Equity and liabilities
- Other debts -€739,895
down €739,895 (-3.3%), from €22.7m to €22.0m
Income statement
- Financial charges -€236,586
no longer reported in 2025 (was €236,586)
of which Non-recurring financial charges: -€122,995
- Gross operating margin -€192,622
down €192,622, from €43,679 to -€148,943
- Provisions +€105,121
up €105,121, from -€738 to €104,383
- Financial income -€74,061
down €74,061 (-11.8%), from €628,052 to €553,991
of which Financial income: -€159,631
- Write-downs -€70,289
down €70,289 (-93.7%), from €75,000 to €4,711
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.
Result 2024
€171,008
Gross operating margin
-€192,622
Depreciation
-€9,865
Write-downs
+€70,289
Provisions
-€105,121
Other operating charges
+€506
Other operating items
-€215,329
Financial income
-€74,061
Financial charges
+€236,586
Taxes
+€18,800
Result 2025
-€99,809
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€498,097
Investment
+€608,530
Financing
-€91,403
Cash 2024
€67,605
From operations (derived)
-€498,097
Net result for the year
-€99,809
Depreciation
+€12,551
Receivables after one year
+€299,976
Stocks and contracts
+€4,711
Receivables within one year
+€100,130
Deferred charges and accrued income
-€185,177
Provisions
+€104,383
Trade debts
-€35,458
Tax, wage and social debts
+€39,483
Other debts
-€739,895
Accrued charges and deferred income
+€1,009
Investment (derived)
+€608,530
Investment in fixed assets (net)
+€630,137
Current investments
-€21,607
Financing
-€91,403
Debts after one year
-€91,403
Cash 2025
€86,635
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,223,488 | €29,401,797 | -€821,691 | -2.7% |
| Fixed assets | 21/28 | €26,285,242 | €25,642,554 | -€642,688 | -2.4% |
| Tangible fixed assets | 22/27 | €6,172 | €23,956 | +€17,784 | +288% |
| Furniture and vehicles | 24 | €6,172 | €23,956 | +€17,784 | +288% |
| Financial fixed assets | 28 | €26,279,070 | €25,618,598 | -€660,472 | -2.5% |
| Current assets | 29/58 | €3,938,246 | €3,759,243 | -€179,004 | -4.5% |
| Amounts receivable after more than one year | 29 | €1,235,000 | €935,024 | -€299,976 | -24.3% |
| Other amounts receivable | 291 | €1,235,000 | €935,024 | -€299,976 | -24.3% |
| Stocks and contracts in progress | 3 | €15,705 | €10,993 | -€4,711 | -30.0% |
| Stocks | 30/36 | €15,705 | €10,993 | -€4,711 | -30.0% |
| Amounts receivable within one year | 40/41 | €428,187 | €328,057 | -€100,130 | -23.4% |
| Trade receivables | 40 | €364,720 | €297,020 | -€67,700 | -18.6% |
| Other amounts receivable | 41 | €63,467 | €31,037 | -€32,430 | -51.1% |
| Current investments | 50/53 | €524,363 | €545,970 | +€21,607 | +4.1% |
| Cash at bank and in hand | 54/58 | €67,605 | €86,635 | +€19,030 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,667,386 | €1,852,563 | +€185,177 | +11.1% |
| Total equity and liabilities | 10/49 | €30,223,488 | €29,401,797 | -€821,691 | -2.7% |
| Equity | 10/15 | €6,817,313 | €6,717,504 | -€99,809 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €359,646 | €359,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €353,446 | €353,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,395,667 | €6,295,858 | -€99,809 | -1.6% |
| Provisions and deferred taxes | 16 | €51,598 | €155,981 | +€104,383 | +202% |
| Provisions for liabilities and charges | 160/5 | €51,598 | €155,981 | +€104,383 | +202% |
| Environmental obligations | 163 | €51,598 | €155,981 | +€104,383 | +202% |
| Amounts payable | 17/49 | €23,354,577 | €22,528,312 | -€826,265 | -3.5% |
| Amounts payable after more than one year | 17 | €364,295 | €272,892 | -€91,403 | -25.1% |
| Financial debts | 170/4 | €364,295 | €272,892 | -€91,403 | -25.1% |
| Amounts payable within one year | 42/48 | €22,990,282 | €22,254,411 | -€735,870 | -3.2% |
| Trade debts | 44 | €68,863 | €33,405 | -€35,458 | -51.5% |
| Suppliers | 440/4 | €68,863 | €33,405 | -€35,458 | -51.5% |
| Taxes, remuneration and social security | 45 | €187,772 | €227,255 | +€39,483 | +21.0% |
| Taxes | 450/3 | €187,772 | €227,255 | +€39,483 | +21.0% |
| Other amounts payable | 47/48 | €22,733,646 | €21,993,751 | -€739,895 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €1,009 | +€1,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,686 | €12,551 | +€9,865 | +367% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | €4,711 | -€70,289 | -93.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€738 | €104,383 | +€105,121 | |
| Other operating charges | 640/8 | €1,836 | €1,330 | -€506 | -27.5% |
| Non-recurring operating charges | 66A | €104,671 | €320,000 | +€215,329 | +206% |
| Gross operating margin | 9900 | €43,679 | -€148,943 | -€192,622 | |
| Operating profit (loss) | 9901 | -€139,776 | -€591,918 | -€452,142 | -323% |
| Financial income | 75/76B | €628,052 | €553,991 | -€74,061 | -11.8% |
| Recurring financial income | 75 | €613,622 | €453,991 | -€159,631 | -26.0% |
| Non-recurring financial income | 76B | €14,430 | €100,000 | +€85,570 | +593% |
| Financial charges | 65/66B | €236,586 | - | -€236,586 | |
| Recurring financial charges | 65 | €113,590 | - | -€113,590 | |
| Non-recurring financial charges | 66B | €122,995 | - | -€122,995 | |
| Profit (loss) for the period before taxes | 9903 | €251,690 | -€37,927 | -€289,617 | |
| Income taxes | 67/77 | €80,682 | €61,882 | -€18,800 | -23.3% |
| Profit (loss) for the period | 9904 | €171,008 | -€99,809 | -€270,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,008 | -€99,809 | -€270,817 |
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 14 October 2026 via checked.be.