Kjes: 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.
Kjes
Largest movements
- Financial fixed assets +€20,000
new in 2025: €20,000
- Stocks and contracts +€19,968
up €19,968 (+16.3%), from €122,333 to €142,301
- Cash -€15,384
down €15,384 (-20.9%), from €73,761 to €58,377
mainly Investment in fixed assets (net) (-€21,814) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€9,161
up €9,161 (+62.6%), from €14,629 to €23,791
of which Trade receivables: +€9,161
- Tangible fixed assets -€3,115
down €3,115 (-34.1%), from €9,128 to €6,013
of which Furniture and vehicles: -€1,833
- Reserves +€50,429
up €50,429 (+58.9%), from €85,660 to €136,089
- Other debts -€13,588
down €13,588 (-12.5%), from €108,906 to €95,317
- Tax, wage and social debts -€3,775
down €3,775 (-19.2%), from €19,707 to €15,932
- Gross operating margin +€32,963
up €32,963 (+48.6%), from €67,780 to €100,743
- Taxes +€8,040
up €8,040 (+74.2%), from €10,836 to €18,876
- Depreciation -€2,791
down €2,791 (-36.2%), from €7,720 to €4,929
- Financial charges -€2,233
down €2,233 (-27.9%), from €8,014 to €5,780
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 | €220,108 | €250,754 | +€30,646 | +13.9% |
| Fixed assets | 21/28 | €9,128 | €26,013 | +€16,885 | +185.0% |
| Tangible fixed assets | 22/27 | €9,128 | €6,013 | -€3,115 | -34.1% |
| Plant, machinery and equipment | 23 | €5,776 | €4,494 | -€1,282 | -22.2% |
| Furniture and vehicles | 24 | €3,352 | €1,519 | -€1,833 | -54.7% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €210,980 | €224,740 | +€13,761 | +6.5% |
| Stocks and contracts in progress | 3 | €122,333 | €142,301 | +€19,968 | +16.3% |
| Stocks | 30/36 | €122,333 | €142,301 | +€19,968 | +16.3% |
| Amounts receivable within one year | 40/41 | €14,629 | €23,791 | +€9,161 | +62.6% |
| Trade receivables | 40 | €12,465 | €21,627 | +€9,161 | +73.5% |
| Other amounts receivable | 41 | €2,164 | €2,164 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,761 | €58,377 | -€15,384 | -20.9% |
| Deferred charges and accrued income | 490/1 | €256 | €272 | +€16 | +6.3% |
| Total equity and liabilities | 10/49 | €220,108 | €250,754 | +€30,646 | +13.9% |
| Equity | 10/15 | €86,660 | €137,089 | +€50,429 | +58.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,660 | €136,089 | +€50,429 | +58.9% |
| Distributable reserves | 133 | €85,660 | €136,089 | +€50,429 | +58.9% |
| Amounts payable | 17/49 | €133,448 | €113,664 | -€19,784 | -14.8% |
| Amounts payable within one year | 42/48 | €133,448 | €113,664 | -€19,784 | -14.8% |
| Trade debts | 44 | €4,836 | €2,415 | -€2,421 | -50.1% |
| Suppliers | 440/4 | €4,836 | €2,415 | -€2,421 | -50.1% |
| Taxes, remuneration and social security | 45 | €19,707 | €15,932 | -€3,775 | -19.2% |
| Taxes | 450/3 | €19,707 | €15,932 | -€3,775 | -19.2% |
| Other amounts payable | 47/48 | €108,906 | €95,317 | -€13,588 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,720 | €4,929 | -€2,791 | -36.2% |
| Other operating charges | 640/8 | €744 | €729 | -€15 | -2.1% |
| Gross operating margin | 9900 | €67,780 | €100,743 | +€32,963 | +48.6% |
| Operating profit (loss) | 9901 | €59,316 | €95,086 | +€35,770 | +60.3% |
| Financial charges | 65/66B | €8,014 | €5,780 | -€2,233 | -27.9% |
| Recurring financial charges | 65 | €8,014 | €5,780 | -€2,233 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €51,302 | €89,305 | +€38,003 | +74.1% |
| Income taxes | 67/77 | €10,836 | €18,876 | +€8,040 | +74.2% |
| Profit (loss) for the period | 9904 | €40,466 | €70,429 | +€29,964 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,466 | €70,429 | +€29,964 | +74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.