KJM: 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.
KJM
Largest movements
- Tangible fixed assets -€194,123
down €194,123 (-34.7%), from €559,292 to €365,169
of which Furniture and vehicles: -€187,171
- Cash +€146,200
up €146,200 (+282%), from €51,798 to €197,998
mainly Investment in fixed assets (net) (+€124,348) and Depreciation (+€69,775)
- Receivables after one year -€36,209
down €36,209 (-100%), from €36,209 to €0
- Receivables within one year +€14,390
up €14,390 (+68.7%), from €20,945 to €35,335
of which Trade receivables: +€18,119
- Debts after one year -€29,758
down €29,758 (-25.0%), from €119,061 to €89,303
- Reserves -€20,790
down €20,790 (-4.5%), from €464,632 to €443,842
of which Distributable reserves: -€20,790
- Trade debts -€14,415
down €14,415 (-80.0%), from €18,020 to €3,605
- Depreciation +€32,914
up €32,914 (+89.3%), from €36,860 to €69,775
- Other operating charges -€20,761
down €20,761 (-90.7%), from €22,897 to €2,136
- Provisions +€19,464
up €19,464, from -€19,464 to €0
- Gross operating margin +€8,982
up €8,982 (+5.3%), from €169,338 to €178,320
- Taxes +€4,744
up €4,744 (+20.4%), from €23,198 to €27,942
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 | €669,058 | €598,738 | -€70,320 | -10.5% |
| Fixed assets | 21/28 | €559,332 | €365,209 | -€194,123 | -34.7% |
| Tangible fixed assets | 22/27 | €559,292 | €365,169 | -€194,123 | -34.7% |
| Land and buildings | 22 | €255,212 | €247,824 | -€7,388 | -2.9% |
| Plant, machinery and equipment | 23 | €1,237 | €1,674 | +€437 | +35.3% |
| Furniture and vehicles | 24 | €302,842 | €115,671 | -€187,171 | -61.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €109,726 | €233,529 | +€123,803 | +113% |
| Amounts receivable after more than one year | 29 | €36,209 | €0 | -€36,209 | -100% |
| Other amounts receivable | 291 | €36,209 | €0 | -€36,209 | -100% |
| Amounts receivable within one year | 40/41 | €20,945 | €35,335 | +€14,390 | +68.7% |
| Trade receivables | 40 | €4,358 | €22,477 | +€18,119 | +416% |
| Other amounts receivable | 41 | €16,587 | €12,858 | -€3,729 | -22.5% |
| Cash at bank and in hand | 54/58 | €51,798 | €197,998 | +€146,200 | +282% |
| Deferred charges and accrued income | 490/1 | €774 | €196 | -€578 | -74.7% |
| Total equity and liabilities | 10/49 | €669,058 | €598,738 | -€70,320 | -10.5% |
| Equity | 10/15 | €478,181 | €457,402 | -€20,779 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €464,632 | €443,842 | -€20,790 | -4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €212 | €212 | = | 0.0% |
| Distributable reserves | 133 | €464,420 | €443,630 | -€20,790 | -4.5% |
| Profit (loss) carried forward | 14 | €1,149 | €1,160 | +€11 | +0.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €190,877 | €141,336 | -€49,541 | -26.0% |
| Amounts payable after more than one year | 17 | €119,061 | €89,303 | -€29,758 | -25.0% |
| Financial debts | 170/4 | €119,061 | €89,303 | -€29,758 | -25.0% |
| Amounts payable within one year | 42/48 | €71,816 | €52,034 | -€19,782 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €34,528 | €29,758 | -€4,770 | -13.8% |
| Trade debts | 44 | €18,020 | €3,605 | -€14,415 | -80.0% |
| Suppliers | 440/4 | €18,020 | €3,605 | -€14,415 | -80.0% |
| Taxes, remuneration and social security | 45 | €2,268 | €3,670 | +€1,402 | +61.8% |
| Taxes | 450/3 | €2,268 | €3,670 | +€1,402 | +61.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,000 | €15,000 | -€2,000 | -11.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,653 | €413 | -€1,240 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,860 | €69,775 | +€32,914 | +89.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€19,464 | €0 | +€19,464 | |
| Other operating charges | 640/8 | €22,897 | €2,136 | -€20,761 | -90.7% |
| Non-recurring operating charges | 66A | €42,362 | €17,074 | -€25,289 | -59.7% |
| Gross operating margin | 9900 | €169,338 | €178,320 | +€8,982 | +5.3% |
| Operating profit (loss) | 9901 | €86,682 | €89,335 | +€2,653 | +3.1% |
| Financial income | 75/76B | €969 | €785 | -€183 | -18.9% |
| Recurring financial income | 75 | €969 | €785 | -€183 | -18.9% |
| Financial charges | 65/66B | €3,637 | €2,958 | -€680 | -18.7% |
| Recurring financial charges | 65 | €3,637 | €2,958 | -€680 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €84,013 | €87,163 | +€3,150 | +3.7% |
| Income taxes | 67/77 | €23,198 | €27,942 | +€4,744 | +20.4% |
| Profit (loss) for the period | 9904 | €60,815 | €59,221 | -€1,594 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,815 | €59,221 | -€1,594 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.