NAHOJ: 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.
NAHOJ
Largest movements
- Deferred charges and accrued income -€74,908
down €74,908 (-99.9%), from €75,009 to €101
- Cash -€50,556
down €50,556 (-23.2%), from €218,046 to €167,490
mainly Contributions, distributions and other (-€180,000) and Net result for the year (-€26,679)
- Receivables within one year +€18,841
up €18,841 (+45.7%), from €41,265 to €60,107
of which Trade receivables: +€17,500
- Tangible fixed assets -€16,702
down €16,702 (-40.7%), from €41,020 to €24,318
- Contributions -€180,000
down €180,000 (-90.0%), from €200,000 to €20,000
- Other debts +€92,576
up €92,576 (+652.3%), from €14,192 to €106,768
- Reserves -€24,296
down €24,296 (-11.4%), from €213,296 to €189,000
- Accrued charges and deferred income -€8,486
down €8,486 (-100.0%), from €8,486 to €0
- Gross operating margin -€41,976
down €41,976, from €33,621 to -€8,355
- Taxes -€5,840
down €5,840 (-100.0%), from €5,840 to €0
- Financial charges -€3,399
down €3,399 (-88.9%), from €3,822 to €423
- Depreciation -€3,247
down €3,247 (-16.3%), from €19,949 to €16,702
- Other operating charges -€2,308
down €2,308 (-62.4%), from €3,696 to €1,388
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 | €440,939 | €317,746 | -€123,193 | -27.9% |
| Fixed assets | 21/28 | €54,020 | €37,318 | -€16,702 | -30.9% |
| Tangible fixed assets | 22/27 | €41,020 | €24,318 | -€16,702 | -40.7% |
| Furniture and vehicles | 24 | €41,020 | €24,318 | -€16,702 | -40.7% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €386,920 | €280,428 | -€106,492 | -27.5% |
| Amounts receivable within one year | 40/41 | €41,265 | €60,107 | +€18,841 | +45.7% |
| Trade receivables | 40 | €0 | €17,500 | +€17,500 | |
| Other amounts receivable | 41 | €41,265 | €42,607 | +€1,341 | +3.2% |
| Current investments | 50/53 | €52,599 | €52,730 | +€131 | +0.2% |
| Cash at bank and in hand | 54/58 | €218,046 | €167,490 | -€50,556 | -23.2% |
| Deferred charges and accrued income | 490/1 | €75,009 | €101 | -€74,908 | -99.9% |
| Total equity and liabilities | 10/49 | €440,939 | €317,746 | -€123,193 | -27.9% |
| Equity | 10/15 | €413,296 | €206,617 | -€206,679 | -50.0% |
| Contributions | 10/11 | €200,000 | €20,000 | -€180,000 | -90.0% |
| Reserves | 13 | €213,296 | €189,000 | -€24,296 | -11.4% |
| Distributable reserves | 133 | €213,296 | €189,000 | -€24,296 | -11.4% |
| Profit (loss) carried forward | 14 | - | -€2,383 | -€2,383 | |
| Amounts payable | 17/49 | €27,643 | €111,129 | +€83,486 | +302.0% |
| Amounts payable within one year | 42/48 | €19,158 | €111,129 | +€91,971 | +480.1% |
| Trade debts | 44 | €1,255 | €1,606 | +€351 | +27.9% |
| Suppliers | 440/4 | €1,255 | €1,606 | +€351 | +27.9% |
| Taxes, remuneration and social security | 45 | €3,710 | €2,755 | -€955 | -25.7% |
| Taxes | 450/3 | €3,710 | €2,755 | -€955 | -25.7% |
| Other amounts payable | 47/48 | €14,192 | €106,768 | +€92,576 | +652.3% |
| Accrued charges and deferred income | 492/3 | €8,486 | €0 | -€8,486 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,949 | €16,702 | -€3,247 | -16.3% |
| Other operating charges | 640/8 | €3,696 | €1,388 | -€2,308 | -62.4% |
| Gross operating margin | 9900 | €33,621 | -€8,355 | -€41,976 | |
| Operating profit (loss) | 9901 | €9,976 | -€26,445 | -€36,421 | |
| Financial income | 75/76B | €263 | €188 | -€75 | -28.4% |
| Recurring financial income | 75 | €263 | €188 | -€75 | -28.4% |
| Financial charges | 65/66B | €3,822 | €423 | -€3,399 | -88.9% |
| Recurring financial charges | 65 | €3,822 | €423 | -€3,399 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €6,417 | -€26,679 | -€33,096 | |
| Income taxes | 67/77 | €5,840 | €0 | -€5,840 | -100.0% |
| Profit (loss) for the period | 9904 | €577 | -€26,679 | -€27,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €577 | -€26,679 | -€27,256 |
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 4 October 2026 via checked.be.