N.J.D.A.: 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.D.A.
Largest movements
- Receivables within one year +€38,825
up €38,825 (+1,078%), from €3,600 to €42,425
- Cash -€26,646
down €26,646 (-15.5%), from €171,749 to €145,102
mainly Other debts (-€43,555) and Receivables within one year (-€38,825)
- Tangible fixed assets -€3,558
down €3,558 (-25.7%), from €13,819 to €10,262
of which Furniture and vehicles: -€2,971
- Other debts -€43,555
no longer reported in 2025 (was €43,555)
- Trade debts +€38,583
up €38,583 (+195%), from €19,794 to €58,377
- Reserves +€13,045
up €13,045 (+93.2%), from €13,993 to €27,038
- Advances received +€8,043
new in 2025: €8,043
- Tax, wage and social debts -€6,295
down €6,295 (-8.8%), from €71,722 to €65,427
of which Taxes: -€6,181
- Gross operating margin +€4,452
up €4,452 (+3.1%), from €142,168 to €146,620
- Staff costs +€2,683
up €2,683 (+2.3%), from €114,166 to €116,849
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 | €197,250 | €206,675 | +€9,425 | +4.8% |
| Fixed assets | 21/28 | €13,819 | €10,262 | -€3,558 | -25.7% |
| Tangible fixed assets | 22/27 | €13,819 | €10,262 | -€3,558 | -25.7% |
| Furniture and vehicles | 24 | €5,834 | €2,863 | -€2,971 | -50.9% |
| Other tangible fixed assets | 26 | €7,985 | €7,398 | -€587 | -7.3% |
| Current assets | 29/58 | €183,431 | €196,414 | +€12,983 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,600 | €42,425 | +€38,825 | +1,078% |
| Trade receivables | 40 | €3,600 | €42,425 | +€38,825 | +1,078% |
| Cash at bank and in hand | 54/58 | €171,749 | €145,102 | -€26,646 | -15.5% |
| Deferred charges and accrued income | 490/1 | €8,082 | €8,886 | +€804 | +9.9% |
| Total equity and liabilities | 10/49 | €197,250 | €206,675 | +€9,425 | +4.8% |
| Equity | 10/15 | €59,981 | €73,026 | +€13,045 | +21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,993 | €27,038 | +€13,045 | +93.2% |
| Distributable reserves | 133 | €13,993 | €27,038 | +€13,045 | +93.2% |
| Profit (loss) carried forward | 14 | €27,387 | €27,387 | = | 0.0% |
| Amounts payable | 17/49 | €137,269 | €133,650 | -€3,620 | -2.6% |
| Amounts payable after more than one year | 17 | €1,803 | €1,803 | = | 0.0% |
| Other amounts payable | 178/9 | €1,803 | €1,803 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,071 | €131,846 | -€3,225 | -2.4% |
| Trade debts | 44 | €19,794 | €58,377 | +€38,583 | +195% |
| Suppliers | 440/4 | €19,794 | €58,377 | +€38,583 | +195% |
| Advances received on contracts in progress | 46 | - | €8,043 | +€8,043 | |
| Taxes, remuneration and social security | 45 | €71,722 | €65,427 | -€6,295 | -8.8% |
| Taxes | 450/3 | €48,374 | €42,193 | -€6,181 | -12.8% |
| Remuneration and social security | 454/9 | €23,348 | €23,234 | -€114 | -0.5% |
| Other amounts payable | 47/48 | €43,555 | - | -€43,555 | |
| Accrued charges and deferred income | 492/3 | €395 | - | -€395 | |
| Remuneration, social security and pensions | 62 | €114,166 | €116,849 | +€2,683 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,053 | €6,633 | +€580 | +9.6% |
| Other operating charges | 640/8 | €1,566 | €1,448 | -€118 | -7.6% |
| Gross operating margin | 9900 | €142,168 | €146,620 | +€4,452 | +3.1% |
| Operating profit (loss) | 9901 | €20,382 | €21,690 | +€1,308 | +6.4% |
| Financial income | 75/76B | €2 | €12 | +€10 | +485% |
| Recurring financial income | 75 | €2 | €12 | +€10 | +485% |
| Financial charges | 65/66B | €1,159 | €954 | -€206 | -17.7% |
| Recurring financial charges | 65 | €1,159 | €954 | -€206 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €19,225 | €20,749 | +€1,524 | +7.9% |
| Income taxes | 67/77 | €7,091 | €7,704 | +€613 | +8.6% |
| Profit (loss) for the period | 9904 | €12,133 | €13,045 | +€911 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,133 | €13,045 | +€911 | +7.5% |
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 25 October 2026 via checked.be.