N&J MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€47,514
down €47,514 (-2.3%), from €2.1m to €2.0m
- Short-term financial debts -€705,380
down €705,380 (-100%), from €705,380 to €0
- Debts after one year +€590,332
up €590,332 (+95.3%), from €619,214 to €1.2m
- Advances received +€45,000
new in 2025: €45,000
- Trade debts -€40,337
down €40,337 (-41.8%), from €96,499 to €56,163
- Current portion of long-term debt +€35,253
up €35,253 (+75.9%), from €46,454 to €81,707
- Gross operating margin +€66,231
up €66,231 (+65.4%), from €101,268 to €167,499
- Financial charges -€29,358
down €29,358 (-28.0%), from €104,990 to €75,632
- Other operating charges +€9,306
up €9,306 (+246%), from €3,784 to €13,090
- Depreciation +€2,121
up €2,121 (+3.0%), from €71,196 to €73,317
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 | €2,142,041 | €2,094,327 | -€47,713 | -2.2% |
| Fixed assets | 21/28 | €2,096,058 | €2,048,545 | -€47,514 | -2.3% |
| Tangible fixed assets | 22/27 | €2,096,058 | €2,048,545 | -€47,514 | -2.3% |
| Land and buildings | 22 | €2,096,058 | €2,048,545 | -€47,514 | -2.3% |
| Current assets | 29/58 | €45,982 | €45,783 | -€200 | -0.4% |
| Amounts receivable within one year | 40/41 | €44,017 | €44,017 | = | 0.0% |
| Trade receivables | 40 | €44,017 | €44,017 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €990 | €534 | -€456 | -46.0% |
| Deferred charges and accrued income | 490/1 | €975 | €1,231 | +€256 | +26.3% |
| Total equity and liabilities | 10/49 | €2,142,041 | €2,094,327 | -€47,713 | -2.2% |
| Equity | 10/15 | -€176,305 | -€170,846 | +€5,460 | +3.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,851 | €1,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,851 | €1,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,157 | -€222,697 | +€5,460 | +2.4% |
| Amounts payable | 17/49 | €2,318,346 | €2,265,173 | -€53,173 | -2.3% |
| Amounts payable after more than one year | 17 | €619,214 | €1,209,545 | +€590,332 | +95.3% |
| Financial debts | 170/4 | €619,214 | €1,209,545 | +€590,332 | +95.3% |
| Amounts payable within one year | 42/48 | €1,694,944 | €1,048,392 | -€646,552 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €46,454 | €81,707 | +€35,253 | +75.9% |
| Financial debts | 43 | €705,380 | €0 | -€705,380 | -100% |
| Credit institutions | 430/8 | €705,380 | €0 | -€705,380 | -100% |
| Trade debts | 44 | €96,499 | €56,163 | -€40,337 | -41.8% |
| Suppliers | 440/4 | €96,499 | €56,163 | -€40,337 | -41.8% |
| Advances received on contracts in progress | 46 | - | €45,000 | +€45,000 | |
| Other amounts payable | 47/48 | €846,610 | €865,522 | +€18,912 | +2.2% |
| Accrued charges and deferred income | 492/3 | €4,189 | €7,236 | +€3,047 | +72.8% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,196 | €73,317 | +€2,121 | +3.0% |
| Other operating charges | 640/8 | €3,784 | €13,090 | +€9,306 | +246% |
| Gross operating margin | 9900 | €101,268 | €167,499 | +€66,231 | +65.4% |
| Operating profit (loss) | 9901 | €26,287 | €81,092 | +€54,804 | +208% |
| Financial income | 75/76B | €32 | €0 | -€32 | -100% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -100% |
| Financial charges | 65/66B | €104,990 | €75,632 | -€29,358 | -28.0% |
| Recurring financial charges | 65 | €104,990 | €75,632 | -€29,358 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€78,671 | €5,460 | +€84,131 | |
| Profit (loss) for the period | 9904 | -€78,671 | €5,460 | +€84,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,671 | €5,460 | +€84,131 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.