KJ WIN: 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 WIN
Largest movements
- Tangible fixed assets +€12,073
up €12,073 (+69.4%), from €17,401 to €29,474
of which Leasing and similar rights: +€24,020
- Stocks and contracts -€3,695
down €3,695 (-14.5%), from €25,492 to €21,796
- Receivables within one year +€2,466
up €2,466 (+17.9%), from €13,753 to €16,219
of which Trade receivables: +€13,921
- Intangible fixed assets -€1,650
down €1,650 (-60.0%), from €2,750 to €1,100
- Profit (loss) carried forward -€23,561
down €23,561 (-65.0%), from €36,274 to €12,713
- Debts after one year +€15,619
up €15,619 (+246%), from €6,339 to €21,958
- Trade debts +€11,758
up €11,758 (+84.8%), from €13,862 to €25,620
- Other debts +€8,114
new in 2025: €8,114
- Tax, wage and social debts -€2,073
down €2,073 (-6.5%), from €31,677 to €29,603
of which Remuneration and social security: -€7,252
- Staff costs +€10,773
up €10,773 (+15.0%), from €72,057 to €82,830
- Gross operating margin -€4,381
down €4,381 (-5.4%), from €81,655 to €77,274
- Taxes -€1,921
down €1,921 (-92.1%), from €2,084 to €164
- Other operating charges +€1,314
up €1,314 (+107%), from €1,230 to €2,543
- Depreciation +€833
up €833 (+12.3%), from €6,783 to €7,616
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 | €114,221 | €125,434 | +€11,212 | +9.8% |
| Fixed assets | 21/28 | €21,351 | €32,474 | +€11,123 | +52.1% |
| Intangible fixed assets | 21 | €2,750 | €1,100 | -€1,650 | -60.0% |
| Tangible fixed assets | 22/27 | €17,401 | €29,474 | +€12,073 | +69.4% |
| Furniture and vehicles | 24 | €10,105 | €305 | -€9,800 | -97.0% |
| Leasing and similar rights | 25 | - | €24,020 | +€24,020 | |
| Other tangible fixed assets | 26 | €7,296 | €5,149 | -€2,146 | -29.4% |
| Financial fixed assets | 28 | €1,200 | €1,900 | +€700 | +58.3% |
| Current assets | 29/58 | €92,871 | €92,960 | +€89 | +0.1% |
| Stocks and contracts in progress | 3 | €25,492 | €21,796 | -€3,695 | -14.5% |
| Stocks | 30/36 | €25,492 | €21,796 | -€3,695 | -14.5% |
| Amounts receivable within one year | 40/41 | €13,753 | €16,219 | +€2,466 | +17.9% |
| Trade receivables | 40 | €410 | €14,332 | +€13,921 | +3,392% |
| Other amounts receivable | 41 | €13,343 | €1,888 | -€11,455 | -85.9% |
| Cash at bank and in hand | 54/58 | €53,626 | €54,801 | +€1,175 | +2.2% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €114,221 | €125,434 | +€11,212 | +9.8% |
| Equity | 10/15 | €54,874 | €31,313 | -€23,561 | -42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,274 | €12,713 | -€23,561 | -65.0% |
| Amounts payable | 17/49 | €59,347 | €94,120 | +€34,773 | +58.6% |
| Amounts payable after more than one year | 17 | €6,339 | €21,958 | +€15,619 | +246% |
| Financial debts | 170/4 | €6,339 | €21,958 | +€15,619 | +246% |
| Amounts payable within one year | 42/48 | €53,008 | €72,129 | +€19,121 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €7,469 | €8,478 | +€1,009 | +13.5% |
| Financial debts | 43 | - | €314 | +€314 | |
| Credit institutions | 430/8 | - | €314 | +€314 | |
| Trade debts | 44 | €13,862 | €25,620 | +€11,758 | +84.8% |
| Suppliers | 440/4 | €13,862 | €25,620 | +€11,758 | +84.8% |
| Taxes, remuneration and social security | 45 | €31,677 | €29,603 | -€2,073 | -6.5% |
| Taxes | 450/3 | €7,385 | €12,564 | +€5,179 | +70.1% |
| Remuneration and social security | 454/9 | €24,291 | €17,039 | -€7,252 | -29.9% |
| Other amounts payable | 47/48 | - | €8,114 | +€8,114 | |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Non-recurring operating income | 76A | - | €764 | +€764 | |
| Remuneration, social security and pensions | 62 | €72,057 | €82,830 | +€10,773 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,783 | €7,616 | +€833 | +12.3% |
| Other operating charges | 640/8 | €1,230 | €2,543 | +€1,314 | +107% |
| Non-recurring operating charges | 66A | - | €4,589 | +€4,589 | |
| Gross operating margin | 9900 | €81,655 | €77,274 | -€4,381 | -5.4% |
| Operating profit (loss) | 9901 | €1,585 | -€20,306 | -€21,890 | |
| Financial income | 75/76B | €677 | €57 | -€620 | -91.6% |
| Recurring financial income | 75 | €677 | €57 | -€620 | -91.6% |
| Financial charges | 65/66B | €3,029 | €3,149 | +€119 | +3.9% |
| Recurring financial charges | 65 | €3,029 | €3,149 | +€119 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€768 | -€23,398 | -€22,630 | -2,947% |
| Income taxes | 67/77 | €2,084 | €164 | -€1,921 | -92.1% |
| Profit (loss) for the period | 9904 | -€2,852 | -€23,561 | -€20,709 | -726% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,852 | -€23,561 | -€20,709 | -726% |
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.