KJT Consultancy: 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.
What changed
KJT Consultancy
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,373
2024 · €1.0m-€1.0m
Equity
€2.2m
2024 · €2.2m-€75,317
Cash
€74,084
2024 · €76,258-€2,174
Balance sheet total
€8.0m
2024 · €8.0m-€71,260
Largest movements
Assets
- Receivables after one year -€97,873
down €97,873 (-9.7%), from €1.0m to €907,351
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€1.4m
down €1.4m (-78.0%), from €1.8m to €388,157
- Taxes -€51,772
down €51,772 (-87.2%), from €59,363 to €7,591
- Financial income +€35,038
up €35,038 (+119%), from €29,460 to €64,499
of which Non-recurring financial income: +€24,090
- Financial charges -€27,458
down €27,458 (-16.0%), from €171,906 to €144,448
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.
Result 2024
€1.0m
Gross operating margin
-€1.4m
Depreciation
-€9,319
Other operating charges
-€4,368
Other operating items
-€38,338
Financial income
+€35,038
Financial charges
+€27,458
Taxes
+€51,772
Deferred taxes and other
+€289,390
Result 2025
-€1,373
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€361,479
Investment
-€254,575
Financing
-€109,078
Cash 2024
€76,258
From operations (derived)
+€361,479
Net result for the year
-€1,373
Depreciation
+€248,923
Receivables after one year
+€97,873
Receivables within one year
-€21,081
Deferred charges and accrued income
-€2,054
Provisions
-€12,383
Trade debts
-€3,831
Tax, wage and social debts
+€274
Other debts
+€53,068
Accrued charges and deferred income
+€2,063
Investment (derived)
-€254,575
Investment in fixed assets (net)
-€254,575
Financing
-€109,078
Debts after one year
-€41,313
Current portion of long-term debt
+€6,180
Contributions, distributions and other
-€73,944
Cash 2025
€74,084
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,039,867 | €7,968,608 | -€71,260 | -0.9% |
| Fixed assets | 21/28 | €6,569,110 | €6,574,762 | +€5,652 | +0.1% |
| Tangible fixed assets | 22/27 | €6,569,110 | €6,574,762 | +€5,652 | +0.1% |
| Land and buildings | 22 | €6,536,157 | €6,549,199 | +€13,042 | +0.2% |
| Plant, machinery and equipment | 23 | €28,989 | €22,306 | -€6,684 | -23.1% |
| Furniture and vehicles | 24 | €159 | - | -€159 | |
| Other tangible fixed assets | 26 | €3,804 | €3,257 | -€547 | -14.4% |
| Current assets | 29/58 | €1,470,758 | €1,393,846 | -€76,912 | -5.2% |
| Amounts receivable after more than one year | 29 | €1,005,224 | €907,351 | -€97,873 | -9.7% |
| Other amounts receivable | 291 | €1,005,224 | €907,351 | -€97,873 | -9.7% |
| Amounts receivable within one year | 40/41 | €383,700 | €404,780 | +€21,081 | +5.5% |
| Trade receivables | 40 | €96,941 | €301,270 | +€204,329 | +211% |
| Other amounts receivable | 41 | €286,758 | €103,510 | -€183,248 | -63.9% |
| Cash at bank and in hand | 54/58 | €76,258 | €74,084 | -€2,174 | -2.9% |
| Deferred charges and accrued income | 490/1 | €5,576 | €7,630 | +€2,054 | +36.8% |
| Total equity and liabilities | 10/49 | €8,039,867 | €7,968,608 | -€71,260 | -0.9% |
| Equity | 10/15 | €2,234,663 | €2,159,346 | -€75,317 | -3.4% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Revaluation surpluses | 12 | €149,726 | €149,726 | = | 0.0% |
| Reserves | 13 | €2,050,453 | €1,977,557 | -€72,896 | -3.6% |
| Tax-exempt reserves | 132 | €833,443 | €798,716 | -€34,727 | -4.2% |
| Distributable reserves | 133 | €1,217,010 | €1,178,841 | -€38,169 | -3.1% |
| Investment grants | 15 | €9,684 | €7,263 | -€2,421 | -25.0% |
| Provisions and deferred taxes | 16 | €281,042 | €268,660 | -€12,383 | -4.4% |
| Deferred taxes | 168 | €281,042 | €268,660 | -€12,383 | -4.4% |
| Amounts payable | 17/49 | €5,524,161 | €5,540,602 | +€16,440 | +0.3% |
| Amounts payable after more than one year | 17 | €5,139,075 | €5,097,762 | -€41,313 | -0.8% |
| Financial debts | 170/4 | €5,139,075 | €5,062,762 | -€76,313 | -1.5% |
| Other amounts payable | 178/9 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €361,286 | €416,977 | +€55,690 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €270,133 | €276,313 | +€6,180 | +2.3% |
| Trade debts | 44 | €53,172 | €49,341 | -€3,831 | -7.2% |
| Suppliers | 440/4 | €53,172 | €49,341 | -€3,831 | -7.2% |
| Taxes, remuneration and social security | 45 | €12,921 | €13,195 | +€274 | +2.1% |
| Taxes | 450/3 | €10,271 | €10,545 | +€274 | +2.7% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €25,060 | €78,128 | +€53,068 | +212% |
| Accrued charges and deferred income | 492/3 | €23,800 | €25,863 | +€2,063 | +8.7% |
| Non-recurring operating income | 76A | €1,187,810 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,604 | €248,923 | +€9,319 | +3.9% |
| Other operating charges | 640/8 | €22,744 | €27,111 | +€4,368 | +19.2% |
| Non-recurring operating charges | 66A | - | €38,338 | +€38,338 | |
| Gross operating margin | 9900 | €1,765,113 | €388,157 | -€1.4m | -78.0% |
| Operating profit (loss) | 9901 | €1,502,765 | €73,785 | -€1.4m | -95.1% |
| Financial income | 75/76B | €29,460 | €64,499 | +€35,038 | +119% |
| Recurring financial income | 75 | €29,460 | €40,409 | +€10,948 | +37.2% |
| Non-recurring financial income | 76B | - | €24,090 | +€24,090 | |
| Financial charges | 65/66B | €171,906 | €144,448 | -€27,458 | -16.0% |
| Recurring financial charges | 65 | €171,906 | €144,448 | -€27,458 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €1,360,320 | -€6,164 | -€1.4m | |
| Transfer from deferred taxes | 780 | €12,383 | €12,383 | = | 0.0% |
| Transfer to deferred taxes | 680 | €289,390 | - | -€289,390 | |
| Income taxes | 67/77 | €59,363 | €7,591 | -€51,772 | -87.2% |
| Profit (loss) for the period | 9904 | €1,023,950 | -€1,373 | -€1.0m | |
| Transfer from tax-exempt reserves | 789 | €34,727 | €34,727 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €868,170 | - | -€868,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €190,507 | €33,354 | -€157,153 | -82.5% |
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 22 October 2026 via checked.be.