KJ BAT: 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.
KJ BAT
Largest movements
- Receivables within one year -€25,122
down €25,122 (-25.5%), from €98,331 to €73,209
of which Trade receivables: -€25,478
- Cash +€14,565
up €14,565 (+16.7%), from €86,968 to €101,532
mainly Receivables within one year (+€25,122) and Depreciation (+€20,999)
- Tangible fixed assets -€5,999
down €5,999 (-2.4%), from €251,146 to €245,147
of which Land and buildings: -€6,607
- Other debts -€10,043
down €10,043 (-14.8%), from €67,759 to €57,715
- Reserves +€10,000
up €10,000 (+34.8%), from €28,750 to €38,750
of which Tax-exempt reserves: +€10,000
- Debts after one year -€5,749
down €5,749 (-41.5%), from €13,841 to €8,093
- Turnover -€633,019
no longer reported in 2025 (was €633,019)
- Purchases and services -€507,151
no longer reported in 2025 (was €507,151)
- Gross operating margin -€74,595
down €74,595 (-59.3%), from €125,868 to €51,274
- Taxes -€22,843
down €22,843 (-74.5%), from €30,643 to €7,801
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 | €440,036 | €426,977 | -€13,059 | -3.0% |
| Fixed assets | 21/28 | €251,161 | €245,162 | -€5,999 | -2.4% |
| Tangible fixed assets | 22/27 | €251,146 | €245,147 | -€5,999 | -2.4% |
| Land and buildings | 22 | €217,812 | €211,206 | -€6,607 | -3.0% |
| Plant, machinery and equipment | 23 | €9,969 | €4,672 | -€5,297 | -53.1% |
| Furniture and vehicles | 24 | €23,365 | €29,270 | +€5,904 | +25.3% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €188,875 | €181,816 | -€7,059 | -3.7% |
| Amounts receivable within one year | 40/41 | €98,331 | €73,209 | -€25,122 | -25.5% |
| Trade receivables | 40 | €70,325 | €44,847 | -€25,478 | -36.2% |
| Other amounts receivable | 41 | €28,007 | €28,362 | +€355 | +1.3% |
| Cash at bank and in hand | 54/58 | €86,968 | €101,532 | +€14,565 | +16.7% |
| Deferred charges and accrued income | 490/1 | €3,576 | €7,074 | +€3,498 | +97.8% |
| Total equity and liabilities | 10/49 | €440,036 | €426,977 | -€13,059 | -3.0% |
| Equity | 10/15 | €302,025 | €314,026 | +€12,001 | +4.0% |
| Reserves | 13 | €28,750 | €38,750 | +€10,000 | +34.8% |
| Tax-exempt reserves | 132 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,275 | €275,276 | +€2,001 | +0.7% |
| Amounts payable | 17/49 | €138,011 | €112,951 | -€25,060 | -18.2% |
| Amounts payable after more than one year | 17 | €13,841 | €8,093 | -€5,749 | -41.5% |
| Financial debts | 170/4 | €13,841 | €8,093 | -€5,749 | -41.5% |
| Amounts payable within one year | 42/48 | €124,170 | €104,859 | -€19,311 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €8,718 | €5,749 | -€2,969 | -34.1% |
| Trade debts | 44 | €5,165 | €855 | -€4,309 | -83.4% |
| Suppliers | 440/4 | €5,165 | €855 | -€4,309 | -83.4% |
| Advances received on contracts in progress | 46 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €41,929 | €39,940 | -€1,989 | -4.7% |
| Taxes | 450/3 | €34,129 | €14,896 | -€19,232 | -56.4% |
| Remuneration and social security | 454/9 | €7,800 | €25,043 | +€17,243 | +221% |
| Other amounts payable | 47/48 | €67,759 | €57,715 | -€10,043 | -14.8% |
| Turnover | 70 | €633,019 | - | -€633,019 | |
| Goods, raw materials, services and sundry goods | 60/61 | €507,151 | - | -€507,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,641 | €20,999 | +€3,359 | +19.0% |
| Other operating charges | 640/8 | €4,236 | €6,826 | +€2,590 | +61.1% |
| Gross operating margin | 9900 | €125,868 | €51,274 | -€74,595 | -59.3% |
| Operating profit (loss) | 9901 | €103,992 | €23,448 | -€80,543 | -77.5% |
| Financial income | 75/76B | €210 | €2,962 | +€2,752 | +1,311% |
| Recurring financial income | 75 | €210 | €2,962 | +€2,752 | +1,311% |
| Financial charges | 65/66B | €1,601 | €1,252 | -€350 | -21.8% |
| Recurring financial charges | 65 | €1,601 | €1,252 | -€350 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €102,600 | €25,159 | -€77,441 | -75.5% |
| Income taxes | 67/77 | €30,643 | €7,801 | -€22,843 | -74.5% |
| Profit (loss) for the period | 9904 | €71,957 | €17,358 | -€54,599 | -75.9% |
| Transfer to tax-exempt reserves | 689 | - | €10,000 | +€10,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,957 | €7,358 | -€64,599 | -89.8% |
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 16 October 2026 via checked.be.