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.
K.J.B.
Largest movements
- Receivables within one year -€98,633
down €98,633 (-57.0%), from €173,160 to €74,527
of which Other amounts receivable: -€70,775
- Tangible fixed assets -€42,732
down €42,732 (-19.2%), from €222,544 to €179,812
of which Furniture and vehicles: -€26,210
- Cash +€35,459
up €35,459 (+47.8%), from €74,214 to €109,673
mainly Receivables within one year (+€98,633) and Depreciation (+€42,732)
- Reserves -€48,818
down €48,818 (-14.2%), from €343,424 to €294,606
of which Non-distributable reserves: -€48,818
- Debts after one year -€20,670
down €20,670 (-89.8%), from €23,014 to €2,344
- Tax, wage and social debts -€17,042
down €17,042 (-47.1%), from €36,168 to €19,126
- Other debts -€14,000
down €14,000 (-82.1%), from €17,045 to €3,045
- Current portion of long-term debt -€6,605
down €6,605 (-24.2%), from €27,275 to €20,670
- Gross operating margin -€44,456
down €44,456 (-33.3%), from €133,600 to €89,144
- Taxes -€8,839
down €8,839 (-35.9%), from €24,605 to €15,766
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 | €475,254 | €366,054 | -€109,201 | -23.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €222,704 | €179,972 | -€42,732 | -19.2% |
| Tangible fixed assets | 22/27 | €222,544 | €179,812 | -€42,732 | -19.2% |
| Land and buildings | 22 | €106,390 | €96,792 | -€9,598 | -9.0% |
| Plant, machinery and equipment | 23 | €29,549 | €22,624 | -€6,925 | -23.4% |
| Furniture and vehicles | 24 | €86,605 | €60,395 | -€26,210 | -30.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €252,550 | €186,082 | -€66,468 | -26.3% |
| Amounts receivable within one year | 40/41 | €173,160 | €74,527 | -€98,633 | -57.0% |
| Trade receivables | 40 | €87,160 | €59,302 | -€27,858 | -32.0% |
| Other amounts receivable | 41 | €86,000 | €15,225 | -€70,775 | -82.3% |
| Cash at bank and in hand | 54/58 | €74,214 | €109,673 | +€35,459 | +47.8% |
| Deferred charges and accrued income | 490/1 | €5,177 | €1,881 | -€3,295 | -63.7% |
| Total equity and liabilities | 10/49 | €475,254 | €366,054 | -€109,201 | -23.0% |
| Equity | 10/15 | €362,074 | €313,304 | -€48,769 | -13.5% |
| Contributions | 10/11 | €18,552 | €18,552 | = | 0.0% |
| Reserves | 13 | €343,424 | €294,606 | -€48,818 | -14.2% |
| Non-distributable reserves | 130/1 | €329,464 | €280,646 | -€48,818 | -14.8% |
| Reserves not available under the articles | 1311 | €329,464 | €280,646 | -€48,818 | -14.8% |
| Tax-exempt reserves | 132 | €13,960 | €13,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97 | €146 | +€49 | +50.2% |
| Amounts payable | 17/49 | €113,180 | €52,749 | -€60,431 | -53.4% |
| Amounts payable after more than one year | 17 | €23,014 | €2,344 | -€20,670 | -89.8% |
| Financial debts | 170/4 | €23,014 | €2,344 | -€20,670 | -89.8% |
| Amounts payable within one year | 42/48 | €90,167 | €50,405 | -€39,762 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €27,275 | €20,670 | -€6,605 | -24.2% |
| Trade debts | 44 | €9,680 | €7,565 | -€2,115 | -21.8% |
| Suppliers | 440/4 | €9,680 | €7,565 | -€2,115 | -21.8% |
| Taxes, remuneration and social security | 45 | €36,168 | €19,126 | -€17,042 | -47.1% |
| Taxes | 450/3 | €36,168 | €19,126 | -€17,042 | -47.1% |
| Other amounts payable | 47/48 | €17,045 | €3,045 | -€14,000 | -82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,526 | €42,732 | +€1,207 | +2.9% |
| Other operating charges | 640/8 | €3,611 | €4,223 | +€611 | +16.9% |
| Gross operating margin | 9900 | €133,600 | €89,144 | -€44,456 | -33.3% |
| Operating profit (loss) | 9901 | €88,463 | €42,189 | -€46,275 | -52.3% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €3,921 | €3,203 | -€718 | -18.3% |
| Recurring financial charges | 65 | €3,921 | €3,203 | -€718 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €84,542 | €38,996 | -€45,546 | -53.9% |
| Income taxes | 67/77 | €24,605 | €15,766 | -€8,839 | -35.9% |
| Profit (loss) for the period | 9904 | €59,937 | €23,231 | -€36,707 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,937 | €23,231 | -€36,707 | -61.2% |
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 20 October 2026 via checked.be.