KJ PARTNERS: 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 PARTNERS
Largest movements
- Cash +€161,087
up €161,087 (+55.8%), from €288,531 to €449,619
mainly Other debts (+€353,358) and Depreciation (+€159,226)
- Tangible fixed assets -€71,169
down €71,169 (-6.0%), from €1.2m to €1.1m
of which Land and buildings: -€61,760
- Receivables within one year -€23,988
down €23,988 (-26.4%), from €90,867 to €66,879
of which Other amounts receivable: -€20,745
- Other debts +€353,358
up €353,358 (+1,189%), from €29,719 to €383,077
- Reserves -€282,197
down €282,197 (-80.3%), from €351,270 to €69,073
- Debts after one year -€56,022
down €56,022 (-5.5%), from €1.0m to €970,188
- Trade debts +€31,335
up €31,335 (+262%), from €11,978 to €43,313
- Accrued charges and deferred income +€22,965
up €22,965 (+226%), from €10,155 to €33,119
- Gross operating margin +€65,837
up €65,837 (+18.8%), from €349,664 to €415,501
- Taxes +€26,657
up €26,657 (+1,687%), from €1,580 to €28,237
- Staff costs +€23,457
up €23,457 (+41.8%), from €56,146 to €79,603
- Financial charges -€4,195
down €4,195 (-11.1%), from €37,891 to €33,695
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 | €1,586,816 | €1,651,102 | +€64,285 | +4.1% |
| Fixed assets | 21/28 | €1,194,375 | €1,122,680 | -€71,695 | -6.0% |
| Intangible fixed assets | 21 | €2,297 | €1,508 | -€789 | -34.3% |
| Tangible fixed assets | 22/27 | €1,191,921 | €1,120,751 | -€71,169 | -6.0% |
| Land and buildings | 22 | €895,014 | €833,254 | -€61,760 | -6.9% |
| Plant, machinery and equipment | 23 | €339 | €190 | -€150 | -44.1% |
| Furniture and vehicles | 24 | €130,997 | €94,915 | -€36,081 | -27.5% |
| Leasing and similar rights | 25 | €165,571 | €192,392 | +€26,821 | +16.2% |
| Financial fixed assets | 28 | €158 | €420 | +€263 | +167% |
| Current assets | 29/58 | €392,441 | €528,422 | +€135,980 | +34.6% |
| Amounts receivable within one year | 40/41 | €90,867 | €66,879 | -€23,988 | -26.4% |
| Trade receivables | 40 | €22,764 | €19,520 | -€3,244 | -14.2% |
| Other amounts receivable | 41 | €68,104 | €47,359 | -€20,745 | -30.5% |
| Cash at bank and in hand | 54/58 | €288,531 | €449,619 | +€161,087 | +55.8% |
| Deferred charges and accrued income | 490/1 | €13,043 | €11,924 | -€1,119 | -8.6% |
| Total equity and liabilities | 10/49 | €1,586,816 | €1,651,102 | +€64,285 | +4.1% |
| Equity | 10/15 | €354,270 | €72,073 | -€282,197 | -79.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €351,270 | €69,073 | -€282,197 | -80.3% |
| Distributable reserves | 133 | €351,270 | €69,073 | -€282,197 | -80.3% |
| Amounts payable | 17/49 | €1,232,547 | €1,579,029 | +€346,482 | +28.1% |
| Amounts payable after more than one year | 17 | €1,026,210 | €970,188 | -€56,022 | -5.5% |
| Financial debts | 170/4 | €1,026,210 | €970,188 | -€56,022 | -5.5% |
| Amounts payable within one year | 42/48 | €196,182 | €575,721 | +€379,539 | +193% |
| Current portion of amounts payable after more than one year | 42 | €138,083 | €120,091 | -€17,993 | -13.0% |
| Trade debts | 44 | €11,978 | €43,313 | +€31,335 | +262% |
| Suppliers | 440/4 | €11,978 | €43,313 | +€31,335 | +262% |
| Taxes, remuneration and social security | 45 | €16,401 | €29,240 | +€12,839 | +78.3% |
| Taxes | 450/3 | €5,316 | €13,040 | +€7,723 | +145% |
| Remuneration and social security | 454/9 | €11,084 | €16,201 | +€5,116 | +46.2% |
| Other amounts payable | 47/48 | €29,719 | €383,077 | +€353,358 | +1,189% |
| Accrued charges and deferred income | 492/3 | €10,155 | €33,119 | +€22,965 | +226% |
| Non-recurring operating income | 76A | €17,034 | €544 | -€16,490 | -96.8% |
| Remuneration, social security and pensions | 62 | €56,146 | €79,603 | +€23,457 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,760 | €159,226 | +€1,466 | +0.9% |
| Other operating charges | 640/8 | €13,207 | €13,515 | +€308 | +2.3% |
| Non-recurring operating charges | 66A | - | €461 | +€461 | |
| Gross operating margin | 9900 | €349,664 | €415,501 | +€65,837 | +18.8% |
| Operating profit (loss) | 9901 | €122,551 | €162,696 | +€40,145 | +32.8% |
| Financial income | 75/76B | €193 | €117 | -€76 | -39.4% |
| Recurring financial income | 75 | €193 | €117 | -€76 | -39.4% |
| Financial charges | 65/66B | €37,891 | €33,695 | -€4,195 | -11.1% |
| Recurring financial charges | 65 | €37,891 | €33,695 | -€4,195 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €84,853 | €129,118 | +€44,265 | +52.2% |
| Income taxes | 67/77 | €1,580 | €28,237 | +€26,657 | +1,687% |
| Profit (loss) for the period | 9904 | €83,273 | €100,881 | +€17,607 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €83,273 | €100,881 | +€17,607 | +21.1% |
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.