NAJO: 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.
NAJO
Largest movements
- Tangible fixed assets -€10,326
down €10,326 (-8.6%), from €119,636 to €109,310
of which Plant, machinery and equipment: -€9,162
- Other debts -€6,075
down €6,075 (-21.6%), from €28,151 to €22,076
- Profit (loss) carried forward -€2,266
down €2,266 (-9.9%), from -€22,860 to -€25,126
- Purchases and services +€2,399
up €2,399 (+55.9%), from €4,288 to €6,687
- Gross operating margin -€1,859
down €1,859 (-14.4%), from €12,913 to €11,054
- Turnover +€540
up €540 (+3.1%), from €17,201 to €17,741
- Other operating charges +€471
up €471 (+20.6%), from €2,284 to €2,755
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 | €119,803 | €110,347 | -€9,456 | -7.9% |
| Fixed assets | 21/28 | €119,636 | €109,310 | -€10,326 | -8.6% |
| Tangible fixed assets | 22/27 | €119,636 | €109,310 | -€10,326 | -8.6% |
| Land and buildings | 22 | €67,432 | €66,268 | -€1,164 | -1.7% |
| Plant, machinery and equipment | 23 | €52,204 | €43,042 | -€9,162 | -17.6% |
| Current assets | 29/58 | €167 | €1,037 | +€870 | +521% |
| Cash at bank and in hand | 54/58 | €167 | €1,037 | +€870 | +521% |
| Total equity and liabilities | 10/49 | €119,803 | €110,347 | -€9,456 | -7.9% |
| Equity | 10/15 | €90,355 | €88,089 | -€2,266 | -2.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €94,465 | €94,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €92,590 | €92,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,860 | -€25,126 | -€2,266 | -9.9% |
| Amounts payable | 17/49 | €29,448 | €22,258 | -€7,190 | -24.4% |
| Amounts payable within one year | 42/48 | €29,448 | €22,258 | -€7,190 | -24.4% |
| Trade debts | 44 | €1,297 | €182 | -€1,115 | -86.0% |
| Suppliers | 440/4 | €1,297 | €182 | -€1,115 | -86.0% |
| Other amounts payable | 47/48 | €28,151 | €22,076 | -€6,075 | -21.6% |
| Turnover | 70 | €17,201 | €17,741 | +€540 | +3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,288 | €6,687 | +€2,399 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,327 | €10,327 | = | 0.0% |
| Other operating charges | 640/8 | €2,284 | €2,755 | +€471 | +20.6% |
| Gross operating margin | 9900 | €12,913 | €11,054 | -€1,859 | -14.4% |
| Operating profit (loss) | 9901 | €302 | -€2,028 | -€2,330 | |
| Financial charges | 65/66B | €377 | €238 | -€139 | -36.9% |
| Recurring financial charges | 65 | €377 | €238 | -€139 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€75 | -€2,266 | -€2,191 | -2,921% |
| Profit (loss) for the period | 9904 | -€75 | -€2,266 | -€2,191 | -2,921% |
| Profit (loss) for the period to be appropriated | 9905 | -€75 | -€2,266 | -€2,191 | -2,921% |
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 16 October 2026 via checked.be.