KJREST: 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.
KJREST
Largest movements
- Cash -€280,900
down €280,900 (-39.5%), from €710,537 to €429,637
mainly Contributions, distributions and other (-€628,000) and Debts after one year (-€155,395)
- Tangible fixed assets -€125,546
down €125,546 (-16.5%), from €761,733 to €636,187
of which Land and buildings: -€129,336
- Reserves -€447,824
down €447,824 (-99.9%), from €448,415 to €592
- Other debts +€183,039
up €183,039 (+4908.9%), from €3,729 to €186,768
- Debts after one year -€155,395
down €155,395 (-30.0%), from €517,657 to €362,262
- Staff costs -€46,407
down €46,407 (-10.8%), from €431,188 to €384,780
- Gross operating margin -€42,508
down €42,508 (-5.2%), from €822,222 to €779,714
- Taxes +€13,021
up €13,021 (+29.1%), from €44,673 to €57,694
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 | €1,540,857 | €1,125,027 | -€415,830 | -27.0% |
| Fixed assets | 21/28 | €782,956 | €653,688 | -€129,268 | -16.5% |
| Intangible fixed assets | 21 | €21,223 | €17,501 | -€3,722 | -17.5% |
| Tangible fixed assets | 22/27 | €761,733 | €636,187 | -€125,546 | -16.5% |
| Land and buildings | 22 | €760,227 | €630,890 | -€129,336 | -17.0% |
| Plant, machinery and equipment | 23 | €1,507 | €5,297 | +€3,790 | +251.6% |
| Current assets | 29/58 | €757,901 | €471,339 | -€286,562 | -37.8% |
| Stocks and contracts in progress | 3 | €20,139 | €18,617 | -€1,522 | -7.6% |
| Stocks | 30/36 | €20,139 | €18,617 | -€1,522 | -7.6% |
| Amounts receivable within one year | 40/41 | €12,818 | €10,773 | -€2,045 | -16.0% |
| Trade receivables | 40 | €32 | €5,606 | +€5,575 | +17669.9% |
| Other amounts receivable | 41 | €12,786 | €5,166 | -€7,620 | -59.6% |
| Cash at bank and in hand | 54/58 | €710,537 | €429,637 | -€280,900 | -39.5% |
| Deferred charges and accrued income | 490/1 | €14,407 | €12,313 | -€2,094 | -14.5% |
| Total equity and liabilities | 10/49 | €1,540,857 | €1,125,027 | -€415,830 | -27.0% |
| Equity | 10/15 | €648,415 | €200,592 | -€447,824 | -69.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €448,415 | €592 | -€447,824 | -99.9% |
| Distributable reserves | 133 | €448,415 | €592 | -€447,824 | -99.9% |
| Amounts payable | 17/49 | €892,442 | €924,435 | +€31,993 | +3.6% |
| Amounts payable after more than one year | 17 | €517,657 | €362,262 | -€155,395 | -30.0% |
| Financial debts | 170/4 | €517,657 | €362,262 | -€155,395 | -30.0% |
| Amounts payable within one year | 42/48 | €356,785 | €529,204 | +€172,419 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €153,426 | €155,395 | +€1,969 | +1.3% |
| Trade debts | 44 | €139,288 | €136,465 | -€2,822 | -2.0% |
| Suppliers | 440/4 | €139,288 | €136,465 | -€2,822 | -2.0% |
| Taxes, remuneration and social security | 45 | €60,342 | €50,575 | -€9,767 | -16.2% |
| Taxes | 450/3 | €5,442 | €5,640 | +€197 | +3.6% |
| Remuneration and social security | 454/9 | €54,900 | €44,935 | -€9,964 | -18.2% |
| Other amounts payable | 47/48 | €3,729 | €186,768 | +€183,039 | +4908.9% |
| Accrued charges and deferred income | 492/3 | €18,000 | €32,970 | +€14,970 | +83.2% |
| Remuneration, social security and pensions | 62 | €431,188 | €384,780 | -€46,407 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,461 | €140,549 | -€1,912 | -1.3% |
| Other operating charges | 640/8 | €11,753 | €9,500 | -€2,254 | -19.2% |
| Gross operating margin | 9900 | €822,222 | €779,714 | -€42,508 | -5.2% |
| Operating profit (loss) | 9901 | €236,820 | €244,885 | +€8,065 | +3.4% |
| Financial income | 75/76B | €6,445 | €7,825 | +€1,380 | +21.4% |
| Recurring financial income | 75 | €6,445 | €7,825 | +€1,380 | +21.4% |
| Financial charges | 65/66B | €15,565 | €14,839 | -€726 | -4.7% |
| Recurring financial charges | 65 | €15,565 | €14,839 | -€726 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €227,700 | €237,870 | +€10,171 | +4.5% |
| Income taxes | 67/77 | €44,673 | €57,694 | +€13,021 | +29.1% |
| Profit (loss) for the period | 9904 | €183,027 | €180,176 | -€2,850 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €183,027 | €180,176 | -€2,850 | -1.6% |
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 10 October 2026 via checked.be.