KJV: 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.
KJV
Largest movements
- Deferred charges and accrued income -€45,720
down €45,720 (-81.7%), from €55,979 to €10,260
- Receivables within one year -€41,087
down €41,087 (-71.2%), from €57,667 to €16,580
of which Trade receivables: -€36,176
- Cash -€40,015
down €40,015 (-29.3%), from €136,412 to €96,396
mainly Contributions, distributions and other (-€291,278) and Investment in fixed assets (net) (-€6,184)
- Tangible fixed assets -€6,507
down €6,507 (-22.9%), from €28,470 to €21,964
of which Furniture and vehicles: -€8,542
- Reserves -€195,145
down €195,145 (-87.4%), from €223,329 to €28,184
- Other debts +€57,688
new in 2025: €57,688
- Tax, wage and social debts +€5,259
up €5,259 (+10.2%), from €51,492 to €56,751
- Gross operating margin -€26,314
down €26,314 (-14.3%), from €183,756 to €157,443
- Taxes -€11,009
down €11,009 (-28.1%), from €39,159 to €28,150
- Depreciation +€4,309
up €4,309 (+51.4%), from €8,381 to €12,691
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 | €278,528 | €145,199 | -€133,328 | -47.9% |
| Fixed assets | 21/28 | €28,470 | €21,964 | -€6,507 | -22.9% |
| Tangible fixed assets | 22/27 | €28,470 | €21,964 | -€6,507 | -22.9% |
| Plant, machinery and equipment | 23 | €4,990 | €7,025 | +€2,035 | +40.8% |
| Furniture and vehicles | 24 | €23,480 | €14,938 | -€8,542 | -36.4% |
| Current assets | 29/58 | €250,058 | €123,236 | -€126,822 | -50.7% |
| Amounts receivable within one year | 40/41 | €57,667 | €16,580 | -€41,087 | -71.2% |
| Trade receivables | 40 | €52,756 | €16,580 | -€36,176 | -68.6% |
| Other amounts receivable | 41 | €4,911 | €0 | -€4,911 | -100.0% |
| Cash at bank and in hand | 54/58 | €136,412 | €96,396 | -€40,015 | -29.3% |
| Deferred charges and accrued income | 490/1 | €55,979 | €10,260 | -€45,720 | -81.7% |
| Total equity and liabilities | 10/49 | €278,528 | €145,199 | -€133,328 | -47.9% |
| Equity | 10/15 | €223,429 | €28,284 | -€195,145 | -87.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €223,329 | €28,184 | -€195,145 | -87.4% |
| Distributable reserves | 133 | €223,329 | €28,184 | -€195,145 | -87.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,099 | €116,916 | +€61,817 | +112.2% |
| Amounts payable within one year | 42/48 | €55,099 | €116,916 | +€61,817 | +112.2% |
| Trade debts | 44 | €3,607 | €2,477 | -€1,130 | -31.3% |
| Suppliers | 440/4 | €3,607 | €2,477 | -€1,130 | -31.3% |
| Taxes, remuneration and social security | 45 | €51,492 | €56,751 | +€5,259 | +10.2% |
| Taxes | 450/3 | €51,492 | €56,751 | +€5,259 | +10.2% |
| Other amounts payable | 47/48 | - | €57,688 | +€57,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,381 | €12,691 | +€4,309 | +51.4% |
| Other operating charges | 640/8 | €1,586 | €1,945 | +€359 | +22.7% |
| Non-recurring operating charges | 66A | - | €12,626 | +€12,626 | |
| Gross operating margin | 9900 | €183,756 | €157,443 | -€26,314 | -14.3% |
| Operating profit (loss) | 9901 | €173,789 | €130,180 | -€43,608 | -25.1% |
| Financial income | 75/76B | €190 | €44 | -€147 | -77.0% |
| Recurring financial income | 75 | €190 | €44 | -€147 | -77.0% |
| Financial charges | 65/66B | €4,693 | €5,941 | +€1,248 | +26.6% |
| Recurring financial charges | 65 | €4,693 | €5,941 | +€1,248 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €169,286 | €124,283 | -€45,003 | -26.6% |
| Income taxes | 67/77 | €39,159 | €28,150 | -€11,009 | -28.1% |
| Profit (loss) for the period | 9904 | €130,127 | €96,133 | -€33,994 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,127 | €96,133 | -€33,994 | -26.1% |
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 11 October 2026 via checked.be.