N.J.O.: 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.O.
Largest movements
- Tangible fixed assets -€18,005
down €18,005 (-16.3%), from €110,571 to €92,566
of which Land and buildings: -€16,255
- Receivables after one year -€8,432
down €8,432 (-45.1%), from €18,713 to €10,282
- Cash -€7,380
down €7,380 (-25.9%), from €28,459 to €21,079
mainly Other debts (-€20,879) and Debts after one year (-€13,863)
- Other debts -€20,879
down €20,879 (-90.8%), from €22,982 to €2,103
- Debts after one year -€13,863
down €13,863 (-35.4%), from €39,202 to €25,339
- Reserves -€8,541
down €8,541 (-18.2%), from €47,044 to €38,503
of which Tax-exempt reserves: -€8,541
- Profit (loss) carried forward +€6,564
up €6,564 (+219%), from €3,002 to €9,566
- Provisions -€2,847
down €2,847 (-18.9%), from €15,062 to €12,215
- Gross operating margin +€4,798
up €4,798 (+26.5%), from €18,120 to €22,918
- Taxes +€1,698
up €1,698 (+86.9%), from €1,955 to €3,654
- Depreciation -€737
down €737 (-3.8%), from €19,241 to €18,504
- Other operating charges -€282
down €282 (-11.2%), from €2,516 to €2,234
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 | €158,989 | €124,260 | -€34,729 | -21.8% |
| Fixed assets | 21/28 | €110,571 | €92,566 | -€18,005 | -16.3% |
| Tangible fixed assets | 22/27 | €110,571 | €92,566 | -€18,005 | -16.3% |
| Land and buildings | 22 | €104,369 | €88,114 | -€16,255 | -15.6% |
| Plant, machinery and equipment | 23 | €6,202 | €4,452 | -€1,750 | -28.2% |
| Current assets | 29/58 | €48,418 | €31,694 | -€16,724 | -34.5% |
| Amounts receivable after more than one year | 29 | €18,713 | €10,282 | -€8,432 | -45.1% |
| Other amounts receivable | 291 | €18,713 | €10,282 | -€8,432 | -45.1% |
| Amounts receivable within one year | 40/41 | €133 | €333 | +€200 | +150% |
| Trade receivables | 40 | €133 | €333 | +€200 | +150% |
| Cash at bank and in hand | 54/58 | €28,459 | €21,079 | -€7,380 | -25.9% |
| Deferred charges and accrued income | 490/1 | €1,113 | - | -€1,113 | |
| Total equity and liabilities | 10/49 | €158,989 | €124,260 | -€34,729 | -21.8% |
| Equity | 10/15 | €68,639 | €66,661 | -€1,978 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,044 | €38,503 | -€8,541 | -18.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,185 | €36,644 | -€8,541 | -18.9% |
| Profit (loss) carried forward | 14 | €3,002 | €9,566 | +€6,564 | +219% |
| Provisions and deferred taxes | 16 | €15,062 | €12,215 | -€2,847 | -18.9% |
| Deferred taxes | 168 | €15,062 | €12,215 | -€2,847 | -18.9% |
| Amounts payable | 17/49 | €75,289 | €45,384 | -€29,904 | -39.7% |
| Amounts payable after more than one year | 17 | €39,202 | €25,339 | -€13,863 | -35.4% |
| Financial debts | 170/4 | €39,202 | €25,339 | -€13,863 | -35.4% |
| Amounts payable within one year | 42/48 | €36,087 | €20,045 | -€16,041 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €9,760 | €11,886 | +€2,126 | +21.8% |
| Trade debts | 44 | €1,402 | €1,503 | +€100 | +7.2% |
| Suppliers | 440/4 | €1,402 | €1,503 | +€100 | +7.2% |
| Taxes, remuneration and social security | 45 | €1,942 | €4,554 | +€2,611 | +134% |
| Taxes | 450/3 | €1,942 | €4,554 | +€2,611 | +134% |
| Other amounts payable | 47/48 | €22,982 | €2,103 | -€20,879 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,241 | €18,504 | -€737 | -3.8% |
| Other operating charges | 640/8 | €2,516 | €2,234 | -€282 | -11.2% |
| Gross operating margin | 9900 | €18,120 | €22,918 | +€4,798 | +26.5% |
| Operating profit (loss) | 9901 | -€3,637 | €2,180 | +€5,817 | |
| Financial income | 75/76B | €405 | €342 | -€64 | -15.7% |
| Recurring financial income | 75 | €405 | €342 | -€64 | -15.7% |
| Financial charges | 65/66B | €879 | €693 | -€186 | -21.2% |
| Recurring financial charges | 65 | €879 | €693 | -€186 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,111 | €1,829 | +€5,939 | |
| Transfer from deferred taxes | 780 | €2,847 | €2,847 | = | 0.0% |
| Income taxes | 67/77 | €1,955 | €3,654 | +€1,698 | +86.9% |
| Profit (loss) for the period | 9904 | -€3,219 | €1,022 | +€4,241 | |
| Transfer from tax-exempt reserves | 789 | €8,541 | €8,541 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,323 | €9,564 | +€4,241 | +79.7% |
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 19 October 2026 via checked.be.