NAJJAR FRERES: 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.
NAJJAR FRERES
Largest movements
- Cash -€11,167
down €11,167 (-34.8%), from €32,050 to €20,883
mainly Net result for the year (-€21,475) and Receivables within one year (-€7,403)
- Receivables within one year +€7,403
up €7,403 (+385%), from €1,923 to €9,325
of which Trade receivables: +€7,119
- Stocks and contracts -€2,530
down €2,530 (-26.3%), from €9,615 to €7,085
- Tangible fixed assets -€2,000
no longer reported in 2025 (was €2,000)
- Profit (loss) carried forward -€21,475
down €21,475, from €6,560 to -€14,915
- Advances received +€12,625
new in 2025: €12,625
- Other debts +€735
up €735 (+6.7%), from €10,891 to €11,625
- Turnover +€76,197
new in 2025: €76,197
- Gross operating margin -€27,709
down €27,709, from €26,703 to -€1,006
- Purchases and services +€12,802
up €12,802 (+19.9%), from €64,402 to €77,203
- Other operating charges -€4,712
down €4,712 (-84.6%), from €5,568 to €856
- Staff costs +€2,768
up €2,768 (+18.7%), from €14,787 to €17,555
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 | €45,588 | €37,294 | -€8,294 | -18.2% |
| Fixed assets | 21/28 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €2,000 | - | -€2,000 | |
| Furniture and vehicles | 24 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €43,588 | €37,294 | -€6,294 | -14.4% |
| Stocks and contracts in progress | 3 | €9,615 | €7,085 | -€2,530 | -26.3% |
| Stocks | 30/36 | €9,615 | €7,085 | -€2,530 | -26.3% |
| Amounts receivable within one year | 40/41 | €1,923 | €9,325 | +€7,403 | +385% |
| Trade receivables | 40 | €1,919 | €9,038 | +€7,119 | +371% |
| Other amounts receivable | 41 | €4 | €288 | +€284 | +7,351% |
| Cash at bank and in hand | 54/58 | €32,050 | €20,883 | -€11,167 | -34.8% |
| Total equity and liabilities | 10/49 | €45,588 | €37,294 | -€8,294 | -18.2% |
| Equity | 10/15 | €25,160 | €3,685 | -€21,475 | -85.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,560 | -€14,915 | -€21,475 | |
| Amounts payable | 17/49 | €20,428 | €33,609 | +€13,181 | +64.5% |
| Amounts payable within one year | 42/48 | €20,428 | €33,609 | +€13,181 | +64.5% |
| Trade debts | 44 | €2,319 | €1,891 | -€428 | -18.5% |
| Suppliers | 440/4 | €2,319 | €1,891 | -€428 | -18.5% |
| Advances received on contracts in progress | 46 | - | €12,625 | +€12,625 | |
| Taxes, remuneration and social security | 45 | €7,218 | €7,468 | +€250 | +3.5% |
| Taxes | 450/3 | €5,989 | €3,054 | -€2,935 | -49.0% |
| Remuneration and social security | 454/9 | €1,229 | €4,414 | +€3,184 | +259% |
| Other amounts payable | 47/48 | €10,891 | €11,625 | +€735 | +6.7% |
| Turnover | 70 | - | €76,197 | +€76,197 | |
| Goods, raw materials, services and sundry goods | 60/61 | €64,402 | €77,203 | +€12,802 | +19.9% |
| Remuneration, social security and pensions | 62 | €14,787 | €17,555 | +€2,768 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €5,568 | €856 | -€4,712 | -84.6% |
| Gross operating margin | 9900 | €26,703 | -€1,006 | -€27,709 | |
| Operating profit (loss) | 9901 | €4,348 | -€21,417 | -€25,765 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €46 | €58 | +€11 | +24.7% |
| Recurring financial charges | 65 | €46 | €58 | +€11 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €4,302 | -€21,475 | -€25,777 | |
| Profit (loss) for the period | 9904 | €4,302 | -€21,475 | -€25,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,302 | -€21,475 | -€25,777 |
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 27 October 2026 via checked.be.