NAJI D'OR: 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.
NAJI D'OR
Largest movements
- Receivables within one year +€1,385
up €1,385 (+15.9%), from €8,701 to €10,086
of which Trade receivables: +€1,276
- Stocks and contracts -€956
down €956 (-5.2%), from €18,360 to €17,404
- Tangible fixed assets +€900
new in 2025: €900
- Cash -€473
down €473 (-31.8%), from €1,488 to €1,015
mainly Tax, wage and social debts (-€2,504) and Trade debts (-€2,006)
- Deferred charges and accrued income -€316
no longer reported in 2025 (was €316)
- Other debts +€3,094
up €3,094 (+675%), from €458 to €3,553
- Tax, wage and social debts -€2,504
down €2,504 (-28.0%), from €8,952 to €6,449
of which Remuneration and social security: -€1,541
- Trade debts -€2,006
down €2,006 (-47.3%), from €4,239 to €2,233
- Profit (loss) carried forward +€1,973
up €1,973 (+21.9%), from €8,999 to €10,971
- Staff costs +€11,836
up €11,836 (+38.8%), from €30,540 to €42,376
- Gross operating margin +€10,699
up €10,699 (+30.7%), from €34,844 to €45,543
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 | €28,865 | €29,405 | +€539 | +1.9% |
| Fixed assets | 21/28 | - | €900 | +€900 | |
| Tangible fixed assets | 22/27 | - | €900 | +€900 | |
| Furniture and vehicles | 24 | - | €900 | +€900 | |
| Current assets | 29/58 | €28,865 | €28,505 | -€360 | -1.2% |
| Stocks and contracts in progress | 3 | €18,360 | €17,404 | -€956 | -5.2% |
| Stocks | 30/36 | €18,360 | €17,404 | -€956 | -5.2% |
| Amounts receivable within one year | 40/41 | €8,701 | €10,086 | +€1,385 | +15.9% |
| Trade receivables | 40 | €8,701 | €9,977 | +€1,276 | +14.7% |
| Other amounts receivable | 41 | - | €109 | +€109 | |
| Cash at bank and in hand | 54/58 | €1,488 | €1,015 | -€473 | -31.8% |
| Deferred charges and accrued income | 490/1 | €316 | - | -€316 | |
| Total equity and liabilities | 10/49 | €28,865 | €29,405 | +€539 | +1.9% |
| Equity | 10/15 | €15,199 | €17,171 | +€1,973 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,999 | €10,971 | +€1,973 | +21.9% |
| Amounts payable | 17/49 | €13,667 | €12,234 | -€1,433 | -10.5% |
| Amounts payable within one year | 42/48 | €13,649 | €12,234 | -€1,416 | -10.4% |
| Trade debts | 44 | €4,239 | €2,233 | -€2,006 | -47.3% |
| Suppliers | 440/4 | €4,239 | €2,233 | -€2,006 | -47.3% |
| Taxes, remuneration and social security | 45 | €8,952 | €6,449 | -€2,504 | -28.0% |
| Taxes | 450/3 | €2,900 | €1,938 | -€963 | -33.2% |
| Remuneration and social security | 454/9 | €6,052 | €4,511 | -€1,541 | -25.5% |
| Other amounts payable | 47/48 | €458 | €3,553 | +€3,094 | +675% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Remuneration, social security and pensions | 62 | €30,540 | €42,376 | +€11,836 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €305 | +€305 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €34,844 | €45,543 | +€10,699 | +30.7% |
| Operating profit (loss) | 9901 | €4,304 | €2,463 | -€1,841 | -42.8% |
| Financial charges | 65/66B | €322 | €113 | -€209 | -64.8% |
| Recurring financial charges | 65 | €322 | €113 | -€209 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €3,983 | €2,350 | -€1,633 | -41.0% |
| Income taxes | 67/77 | €797 | €378 | -€419 | -52.6% |
| Profit (loss) for the period | 9904 | €3,186 | €1,973 | -€1,214 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,186 | €1,973 | -€1,214 | -38.1% |
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 28 October 2026 via checked.be.