KJP: 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.
KJP
Largest movements
- Cash +€226,379
up €226,379 (+330%), from €68,567 to €294,946
mainly Net result for the year (+€341,346) and Current investments (+€199,268)
- Current investments -€199,268
down €199,268 (-78.4%), from €254,324 to €55,055
- Receivables within one year -€30,903
down €30,903 (-46.7%), from €66,111 to €35,208
of which Trade receivables: -€34,045
- Tangible fixed assets -€25,184
down €25,184 (-47.6%), from €52,915 to €27,731
of which Furniture and vehicles: -€23,413
- Advances received -€96,156
no longer reported in 2025 (was €96,156)
- Other debts +€90,808
up €90,808 (+36.2%), from €250,538 to €341,346
- Tax, wage and social debts -€9,412
down €9,412 (-15.6%), from €60,171 to €50,758
- Debts after one year -€6,953
no longer reported in 2025 (was €6,953)
- Current portion of long-term debt -€5,757
down €5,757 (-45.3%), from €12,710 to €6,953
- Gross operating margin +€120,020
up €120,020 (+33.6%), from €357,025 to €477,045
- Taxes +€27,567
up €27,567 (+34.4%), from €80,161 to €107,728
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 | €448,339 | €420,530 | -€27,808 | -6.2% |
| Fixed assets | 21/28 | €54,880 | €29,696 | -€25,184 | -45.9% |
| Tangible fixed assets | 22/27 | €52,915 | €27,731 | -€25,184 | -47.6% |
| Land and buildings | 22 | €11,436 | €9,274 | -€2,162 | -18.9% |
| Plant, machinery and equipment | 23 | €8,214 | €8,605 | +€391 | +4.8% |
| Furniture and vehicles | 24 | €33,266 | €9,852 | -€23,413 | -70.4% |
| Financial fixed assets | 28 | €1,964 | €1,964 | = | 0.0% |
| Current assets | 29/58 | €393,459 | €390,835 | -€2,624 | -0.7% |
| Amounts receivable within one year | 40/41 | €66,111 | €35,208 | -€30,903 | -46.7% |
| Trade receivables | 40 | €64,288 | €30,243 | -€34,045 | -53.0% |
| Other amounts receivable | 41 | €1,822 | €4,964 | +€3,142 | +172% |
| Current investments | 50/53 | €254,324 | €55,055 | -€199,268 | -78.4% |
| Cash at bank and in hand | 54/58 | €68,567 | €294,946 | +€226,379 | +330% |
| Deferred charges and accrued income | 490/1 | €4,457 | €5,626 | +€1,169 | +26.2% |
| Total equity and liabilities | 10/49 | €448,339 | €420,530 | -€27,808 | -6.2% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €427,934 | €400,125 | -€27,808 | -6.5% |
| Amounts payable after more than one year | 17 | €6,953 | - | -€6,953 | |
| Financial debts | 170/4 | €6,953 | - | -€6,953 | |
| Amounts payable within one year | 42/48 | €420,981 | €399,373 | -€21,608 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €12,710 | €6,953 | -€5,757 | -45.3% |
| Trade debts | 44 | €1,407 | €315 | -€1,091 | -77.6% |
| Suppliers | 440/4 | €1,407 | €315 | -€1,091 | -77.6% |
| Advances received on contracts in progress | 46 | €96,156 | - | -€96,156 | |
| Taxes, remuneration and social security | 45 | €60,171 | €50,758 | -€9,412 | -15.6% |
| Taxes | 450/3 | €60,171 | €50,758 | -€9,412 | -15.6% |
| Other amounts payable | 47/48 | €250,538 | €341,346 | +€90,808 | +36.2% |
| Accrued charges and deferred income | 492/3 | - | €753 | +€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,496 | €28,874 | +€378 | +1.3% |
| Other operating charges | 640/8 | €118 | €434 | +€316 | +268% |
| Gross operating margin | 9900 | €357,025 | €477,045 | +€120,020 | +33.6% |
| Operating profit (loss) | 9901 | €328,411 | €447,737 | +€119,326 | +36.3% |
| Financial income | 75/76B | €2,684 | €1,556 | -€1,128 | -42.0% |
| Recurring financial income | 75 | €2,684 | €1,556 | -€1,128 | -42.0% |
| Financial charges | 65/66B | €397 | €220 | -€177 | -44.6% |
| Recurring financial charges | 65 | €397 | €220 | -€177 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €330,699 | €449,074 | +€118,375 | +35.8% |
| Income taxes | 67/77 | €80,161 | €107,728 | +€27,567 | +34.4% |
| Profit (loss) for the period | 9904 | €250,538 | €341,346 | +€90,808 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €250,538 | €341,346 | +€90,808 | +36.2% |
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 31 October 2026 via checked.be.