N & J CONCEPT: 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.
N & J CONCEPT
Largest movements
- Receivables within one year +€26,534
up €26,534 (+141%), from €18,767 to €45,302
of which Trade receivables: +€28,137
- Tangible fixed assets -€7,584
down €7,584 (-41.4%), from €18,333 to €10,749
of which Furniture and vehicles: -€6,888
- Cash -€1,364
down €1,364 (-9.9%), from €13,835 to €12,471
mainly Receivables within one year (-€26,534) and Net result for the year (-€6,904)
- Deferred charges and accrued income +€912
up €912 (+147%), from €620 to €1,532
- Trade debts +€17,623
up €17,623 (+918%), from €1,920 to €19,543
- Tax, wage and social debts +€8,017
up €8,017 (+145%), from €5,521 to €13,537
of which Taxes: +€7,076
- Profit (loss) carried forward -€6,904
down €6,904 (-23.2%), from €29,759 to €22,855
- Debts after one year -€6,596
no longer reported in 2025 (was €6,596)
- Other debts +€3,405
up €3,405 (+123%), from €2,760 to €6,165
- Staff costs +€47,741
up €47,741 (+371%), from €12,858 to €60,599
- Gross operating margin +€24,789
up €24,789 (+65.4%), from €37,894 to €62,683
- Taxes -€3,783
no longer reported in 2025 (was €3,783)
- Depreciation +€2,815
up €2,815 (+59.0%), from €4,769 to €7,584
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 | €51,556 | €70,349 | +€18,793 | +36.5% |
| Fixed assets | 21/28 | €18,333 | €11,044 | -€7,289 | -39.8% |
| Tangible fixed assets | 22/27 | €18,333 | €10,749 | -€7,584 | -41.4% |
| Plant, machinery and equipment | 23 | €1,429 | €734 | -€695 | -48.7% |
| Furniture and vehicles | 24 | €16,904 | €10,016 | -€6,888 | -40.7% |
| Financial fixed assets | 28 | - | €295 | +€295 | |
| Current assets | 29/58 | €33,223 | €59,305 | +€26,083 | +78.5% |
| Amounts receivable within one year | 40/41 | €18,767 | €45,302 | +€26,534 | +141% |
| Trade receivables | 40 | €13,954 | €42,091 | +€28,137 | +202% |
| Other amounts receivable | 41 | €4,814 | €3,211 | -€1,603 | -33.3% |
| Cash at bank and in hand | 54/58 | €13,835 | €12,471 | -€1,364 | -9.9% |
| Deferred charges and accrued income | 490/1 | €620 | €1,532 | +€912 | +147% |
| Total equity and liabilities | 10/49 | €51,556 | €70,349 | +€18,793 | +36.5% |
| Equity | 10/15 | €34,759 | €27,855 | -€6,904 | -19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,759 | €22,855 | -€6,904 | -23.2% |
| Amounts payable | 17/49 | €16,797 | €42,495 | +€25,698 | +153% |
| Amounts payable after more than one year | 17 | €6,596 | - | -€6,596 | |
| Financial debts | 170/4 | €6,596 | - | -€6,596 | |
| Amounts payable within one year | 42/48 | €10,201 | €42,495 | +€32,294 | +317% |
| Current portion of amounts payable after more than one year | 42 | - | €3,250 | +€3,250 | |
| Trade debts | 44 | €1,920 | €19,543 | +€17,623 | +918% |
| Suppliers | 440/4 | €1,920 | €19,543 | +€17,623 | +918% |
| Taxes, remuneration and social security | 45 | €5,521 | €13,537 | +€8,017 | +145% |
| Taxes | 450/3 | €4,253 | €11,329 | +€7,076 | +166% |
| Remuneration and social security | 454/9 | €1,268 | €2,208 | +€940 | +74.2% |
| Other amounts payable | 47/48 | €2,760 | €6,165 | +€3,405 | +123% |
| Remuneration, social security and pensions | 62 | €12,858 | €60,599 | +€47,741 | +371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,769 | €7,584 | +€2,815 | +59.0% |
| Other operating charges | 640/8 | €753 | €1,072 | +€318 | +42.3% |
| Gross operating margin | 9900 | €37,894 | €62,683 | +€24,789 | +65.4% |
| Operating profit (loss) | 9901 | €19,514 | -€6,572 | -€26,086 | |
| Financial income | 75/76B | €54 | €123 | +€70 | +130% |
| Recurring financial income | 75 | €54 | €123 | +€70 | +130% |
| Financial charges | 65/66B | €652 | €456 | -€196 | -30.1% |
| Recurring financial charges | 65 | €652 | €456 | -€196 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €18,915 | -€6,904 | -€25,820 | |
| Income taxes | 67/77 | €3,783 | - | -€3,783 | |
| Profit (loss) for the period | 9904 | €15,132 | -€6,904 | -€22,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,132 | -€6,904 | -€22,037 |
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 19 October 2026 via checked.be.