DR. NIJS JOCHEN: 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.
DR. NIJS JOCHEN
Largest movements
- Tangible fixed assets -€17,961
down €17,961 (-39.8%), from €45,089 to €27,128
of which Furniture and vehicles: -€17,654
- Cash +€16,501
up €16,501 (+8.5%), from €194,782 to €211,283
mainly Net result for the year (+€78,751) and Depreciation (+€17,961)
- Other debts -€25,568
down €25,568 (-30.3%), from €84,343 to €58,775
- Reserves +€23,311
up €23,311 (+6.7%), from €346,540 to €369,851
- Gross operating margin -€22,458
down €22,458 (-15.1%), from €149,154 to €126,696
- Taxes -€3,918
down €3,918 (-11.3%), from €34,536 to €30,618
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 | €445,888 | €444,259 | -€1,629 | -0.4% |
| Fixed assets | 21/28 | €46,968 | €29,007 | -€17,961 | -38.2% |
| Tangible fixed assets | 22/27 | €45,089 | €27,128 | -€17,961 | -39.8% |
| Furniture and vehicles | 24 | €42,750 | €25,097 | -€17,654 | -41.3% |
| Other tangible fixed assets | 26 | €2,339 | €2,031 | -€307 | -13.1% |
| Financial fixed assets | 28 | €1,879 | €1,879 | = | 0.0% |
| Current assets | 29/58 | €398,920 | €415,252 | +€16,332 | +4.1% |
| Amounts receivable within one year | 40/41 | €100,254 | €96,112 | -€4,142 | -4.1% |
| Trade receivables | 40 | €91,483 | €93,578 | +€2,095 | +2.3% |
| Other amounts receivable | 41 | €8,771 | €2,534 | -€6,237 | -71.1% |
| Current investments | 50/53 | €100,001 | €100,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €194,782 | €211,283 | +€16,501 | +8.5% |
| Deferred charges and accrued income | 490/1 | €3,883 | €7,856 | +€3,973 | +102.3% |
| Total equity and liabilities | 10/49 | €445,888 | €444,259 | -€1,629 | -0.4% |
| Equity | 10/15 | €358,940 | €382,251 | +€23,311 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €346,540 | €369,851 | +€23,311 | +6.7% |
| Distributable reserves | 133 | €346,540 | €369,851 | +€23,311 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,948 | €62,008 | -€24,940 | -28.7% |
| Amounts payable within one year | 42/48 | €86,336 | €61,374 | -€24,962 | -28.9% |
| Trade debts | 44 | €1,993 | €2,196 | +€203 | +10.2% |
| Suppliers | 440/4 | €1,993 | €2,196 | +€203 | +10.2% |
| Taxes, remuneration and social security | 45 | - | €403 | +€403 | |
| Taxes | 450/3 | - | €403 | +€403 | |
| Other amounts payable | 47/48 | €84,343 | €58,775 | -€25,568 | -30.3% |
| Accrued charges and deferred income | 492/3 | €611 | €634 | +€22 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,961 | €17,961 | = | 0.0% |
| Other operating charges | 640/8 | €511 | €524 | +€12 | +2.4% |
| Gross operating margin | 9900 | €149,154 | €126,696 | -€22,458 | -15.1% |
| Operating profit (loss) | 9901 | €130,682 | €108,211 | -€22,471 | -17.2% |
| Financial income | 75/76B | €1,498 | €2,469 | +€971 | +64.8% |
| Recurring financial income | 75 | €1,498 | €2,469 | +€971 | +64.8% |
| Financial charges | 65/66B | €1,281 | €1,311 | +€31 | +2.4% |
| Recurring financial charges | 65 | €1,281 | €1,311 | +€31 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €130,899 | €109,369 | -€21,530 | -16.4% |
| Income taxes | 67/77 | €34,536 | €30,618 | -€3,918 | -11.3% |
| Profit (loss) for the period | 9904 | €96,363 | €78,751 | -€17,612 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,363 | €78,751 | -€17,612 | -18.3% |
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.