KFJ: 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.
KFJ
Largest movements
- Cash -€40,426
down €40,426 (-88.6%), from €45,611 to €5,185
mainly Net result for the year (-€58,369) and Tax, wage and social debts (-€13,101)
- Receivables within one year -€35,700
down €35,700 (-75.1%), from €47,522 to €11,822
of which Trade receivables: -€40,000
- Tangible fixed assets -€2,818
down €2,818 (-59.8%), from €4,709 to €1,891
- Deferred charges and accrued income +€1,059
new in 2025: €1,059
- Profit (loss) carried forward -€58,369
down €58,369, from €33,984 to -€24,385
- Tax, wage and social debts -€13,101
down €13,101 (-35.9%), from €36,499 to €23,398
of which Taxes: -€14,803
- Trade debts -€6,414
down €6,414 (-90.1%), from €7,115 to €701
- Gross operating margin -€192,344
down €192,344 (-96.1%), from €200,195 to €7,852
- Financial charges -€63,174
down €63,174 (-99.5%), from €63,487 to €313
- Taxes -€11,536
down €11,536 (-92.5%), from €12,473 to €937
- Staff costs +€2,371
up €2,371 (+4.0%), from €59,769 to €62,140
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 | €98,058 | €20,174 | -€77,884 | -79.4% |
| Fixed assets | 21/28 | €4,925 | €2,107 | -€2,818 | -57.2% |
| Tangible fixed assets | 22/27 | €4,709 | €1,891 | -€2,818 | -59.8% |
| Other tangible fixed assets | 26 | €4,709 | €1,891 | -€2,818 | -59.8% |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €93,133 | €18,067 | -€75,067 | -80.6% |
| Amounts receivable within one year | 40/41 | €47,522 | €11,822 | -€35,700 | -75.1% |
| Trade receivables | 40 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 41 | €7,522 | €11,822 | +€4,300 | +57.2% |
| Cash at bank and in hand | 54/58 | €45,611 | €5,185 | -€40,426 | -88.6% |
| Deferred charges and accrued income | 490/1 | - | €1,059 | +€1,059 | |
| Total equity and liabilities | 10/49 | €98,058 | €20,174 | -€77,884 | -79.4% |
| Equity | 10/15 | €54,444 | -€3,925 | -€58,369 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,984 | -€24,385 | -€58,369 | |
| Amounts payable | 17/49 | €43,614 | €24,099 | -€19,515 | -44.7% |
| Amounts payable within one year | 42/48 | €43,614 | €24,099 | -€19,515 | -44.7% |
| Trade debts | 44 | €7,115 | €701 | -€6,414 | -90.1% |
| Suppliers | 440/4 | €7,115 | €701 | -€6,414 | -90.1% |
| Taxes, remuneration and social security | 45 | €36,499 | €23,398 | -€13,101 | -35.9% |
| Taxes | 450/3 | €32,548 | €17,745 | -€14,803 | -45.5% |
| Remuneration and social security | 454/9 | €3,951 | €5,653 | +€1,702 | +43.1% |
| Remuneration, social security and pensions | 62 | €59,769 | €62,140 | +€2,371 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,818 | €2,818 | = | 0.0% |
| Other operating charges | 640/8 | €858 | €528 | -€330 | -38.4% |
| Gross operating margin | 9900 | €200,195 | €7,852 | -€192,344 | -96.1% |
| Operating profit (loss) | 9901 | €136,750 | -€57,634 | -€194,385 | |
| Financial income | 75/76B | €459 | €515 | +€57 | +12.4% |
| Recurring financial income | 75 | €459 | €515 | +€57 | +12.4% |
| Financial charges | 65/66B | €63,487 | €313 | -€63,174 | -99.5% |
| Recurring financial charges | 65 | €63,487 | €313 | -€63,174 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €73,721 | -€57,432 | -€131,154 | |
| Income taxes | 67/77 | €12,473 | €937 | -€11,536 | -92.5% |
| Profit (loss) for the period | 9904 | €61,248 | -€58,369 | -€119,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,248 | -€58,369 | -€119,618 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.