N.J. Explore: what changed
Two fiscal 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. Explore
Largest movements
- Receivables within one year +€10,732
up €10,732 (+41.3%), from €25,991 to €36,723
of which Other amounts receivable: +€6,421
- Cash +€10,713
up €10,713 (+57.5%), from €18,639 to €29,352
mainly Net result for the year (+€20,898) and Tax, wage and social debts (+€11,771)
- Stocks and contracts +€6,759
up €6,759 (+16.4%), from €41,161 to €47,920
- Tangible fixed assets -€6,521
down €6,521 (-26.8%), from €24,345 to €17,824
of which Furniture and vehicles: -€5,423
- Tax, wage and social debts +€11,771
up €11,771 (+285.6%), from €4,121 to €15,892
- Profit (loss) carried forward +€10,898
up €10,898 (+94.5%), from €11,531 to €22,429
- Reserves +€10,000
up €10,000 (+65.2%), from €15,331 to €25,331
- Advances received -€4,000
down €4,000 (-80.0%), from €5,000 to €1,000
- Trade debts -€3,914
down €3,914 (-33.5%), from €11,682 to €7,768
- Gross operating margin +€20,346
up €20,346 (+122.3%), from €16,631 to €36,976
- Taxes +€5,469
up €5,469 (+145.0%), from €3,773 to €9,242
- Depreciation +€907
up €907 (+16.2%), from €5,614 to €6,521
- Write-downs +€501
new in 2025: €501
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 | €110,136 | €131,819 | +€21,683 | +19.7% |
| Fixed assets | 21/28 | €24,345 | €17,824 | -€6,521 | -26.8% |
| Tangible fixed assets | 22/27 | €24,345 | €17,824 | -€6,521 | -26.8% |
| Plant, machinery and equipment | 23 | €2,752 | €1,654 | -€1,098 | -39.9% |
| Furniture and vehicles | 24 | €21,593 | €16,170 | -€5,423 | -25.1% |
| Current assets | 29/58 | €85,791 | €113,995 | +€28,204 | +32.9% |
| Stocks and contracts in progress | 3 | €41,161 | €47,920 | +€6,759 | +16.4% |
| Stocks | 30/36 | €41,161 | €47,920 | +€6,759 | +16.4% |
| Amounts receivable within one year | 40/41 | €25,991 | €36,723 | +€10,732 | +41.3% |
| Trade receivables | 40 | €3,581 | €7,892 | +€4,311 | +120.4% |
| Other amounts receivable | 41 | €22,410 | €28,831 | +€6,421 | +28.7% |
| Cash at bank and in hand | 54/58 | €18,639 | €29,352 | +€10,713 | +57.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €110,136 | €131,819 | +€21,683 | +19.7% |
| Equity | 10/15 | €81,862 | €102,760 | +€20,898 | +25.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €15,331 | €25,331 | +€10,000 | +65.2% |
| Distributable reserves | 133 | €15,331 | €25,331 | +€10,000 | +65.2% |
| Profit (loss) carried forward | 14 | €11,531 | €22,429 | +€10,898 | +94.5% |
| Amounts payable | 17/49 | €28,274 | €29,059 | +€785 | +2.8% |
| Amounts payable after more than one year | 17 | €4,275 | €1,079 | -€3,196 | -74.8% |
| Financial debts | 170/4 | €4,275 | €1,079 | -€3,196 | -74.8% |
| Amounts payable within one year | 42/48 | €23,937 | €27,856 | +€3,919 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €3,134 | €3,196 | +€62 | +2.0% |
| Trade debts | 44 | €11,682 | €7,768 | -€3,914 | -33.5% |
| Suppliers | 440/4 | €11,682 | €7,768 | -€3,914 | -33.5% |
| Advances received on contracts in progress | 46 | €5,000 | €1,000 | -€4,000 | -80.0% |
| Taxes, remuneration and social security | 45 | €4,121 | €15,892 | +€11,771 | +285.6% |
| Taxes | 450/3 | €4,121 | €15,892 | +€11,771 | +285.6% |
| Accrued charges and deferred income | 492/3 | €62 | €124 | +€62 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,614 | €6,521 | +€907 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €501 | +€501 | |
| Other operating charges | 640/8 | €594 | €775 | +€182 | +30.6% |
| Gross operating margin | 9900 | €16,631 | €36,976 | +€20,346 | +122.3% |
| Operating profit (loss) | 9901 | €10,423 | €29,179 | +€18,756 | +180.0% |
| Financial income | 75/76B | €1,344 | €1,647 | +€303 | +22.5% |
| Recurring financial income | 75 | €1,344 | €1,647 | +€303 | +22.5% |
| Financial charges | 65/66B | €591 | €685 | +€94 | +16.0% |
| Recurring financial charges | 65 | €591 | €685 | +€94 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €11,175 | €30,140 | +€18,965 | +169.7% |
| Income taxes | 67/77 | €3,773 | €9,242 | +€5,469 | +145.0% |
| Profit (loss) for the period | 9904 | €7,402 | €20,898 | +€13,496 | +182.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,402 | €20,898 | +€13,496 | +182.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.