NAJOFA: 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.
NAJOFA
Largest movements
- Tangible fixed assets -€17,868
down €17,868 (-19.6%), from €91,089 to €73,221
of which Other tangible fixed assets: -€13,476
- Stocks and contracts -€7,828
down €7,828 (-22.7%), from €34,556 to €26,728
- Receivables within one year +€4,090
up €4,090 (+7.5%), from €54,348 to €58,438
of which Other amounts receivable: +€3,623
- Deferred charges and accrued income +€3,791
up €3,791 (+746.2%), from €508 to €4,299
- Other debts -€23,018
down €23,018 (-49.9%), from €46,141 to €23,123
- Profit (loss) carried forward +€22,636
up €22,636 (+2.1%), from -€1.1m to -€1.0m
- Trade debts -€22,635
down €22,635 (-35.2%), from €64,259 to €41,624
- Tax, wage and social debts +€12,273
up €12,273 (+64.2%), from €19,122 to €31,394
of which Taxes: +€10,121
- Accrued charges and deferred income -€5,994
down €5,994 (-96.8%), from €6,194 to €200
- Provisions -€1.1m
no longer reported in 2025 (was €1.1m)
- Gross operating margin +€15,548
up €15,548 (+8.8%), from €177,102 to €192,651
- Staff costs +€14,122
up €14,122 (+11.8%), from €119,797 to €133,919
- Depreciation -€4,483
down €4,483 (-15.5%), from €28,862 to €24,378
- Financial charges -€4,080
down €4,080 (-53.0%), from €7,695 to €3,615
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 | €224,326 | €207,588 | -€16,738 | -7.5% |
| Fixed assets | 21/28 | €120,479 | €102,611 | -€17,868 | -14.8% |
| Tangible fixed assets | 22/27 | €91,089 | €73,221 | -€17,868 | -19.6% |
| Plant, machinery and equipment | 23 | €8,577 | €3,883 | -€4,694 | -54.7% |
| Furniture and vehicles | 24 | €7,792 | €8,094 | +€301 | +3.9% |
| Other tangible fixed assets | 26 | €74,720 | €61,245 | -€13,476 | -18.0% |
| Financial fixed assets | 28 | €29,390 | €29,390 | = | 0.0% |
| Current assets | 29/58 | €103,847 | €104,977 | +€1,130 | +1.1% |
| Stocks and contracts in progress | 3 | €34,556 | €26,728 | -€7,828 | -22.7% |
| Stocks | 30/36 | €34,556 | €26,728 | -€7,828 | -22.7% |
| Amounts receivable within one year | 40/41 | €54,348 | €58,438 | +€4,090 | +7.5% |
| Trade receivables | 40 | €4,784 | €5,251 | +€467 | +9.8% |
| Other amounts receivable | 41 | €49,564 | €53,187 | +€3,623 | +7.3% |
| Cash at bank and in hand | 54/58 | €14,435 | €15,512 | +€1,077 | +7.5% |
| Deferred charges and accrued income | 490/1 | €508 | €4,299 | +€3,791 | +746.2% |
| Total equity and liabilities | 10/49 | €224,326 | €207,588 | -€16,738 | -7.5% |
| Equity | 10/15 | -€1,054,692 | -€1,032,055 | +€22,636 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,062,752 | -€1,040,115 | +€22,636 | +2.1% |
| Provisions and deferred taxes | 16 | €1,143,302 | €1,143,302 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,143,302 | €1,143,302 | = | 0.0% |
| Taxes | 161 | €1,143,302 | €1,143,302 | = | 0.0% |
| Amounts payable | 17/49 | €135,715 | €96,341 | -€39,375 | -29.0% |
| Amounts payable within one year | 42/48 | €129,522 | €96,141 | -€33,381 | -25.8% |
| Trade debts | 44 | €64,259 | €41,624 | -€22,635 | -35.2% |
| Suppliers | 440/4 | €64,259 | €41,624 | -€22,635 | -35.2% |
| Taxes, remuneration and social security | 45 | €19,122 | €31,394 | +€12,273 | +64.2% |
| Taxes | 450/3 | €13,010 | €23,131 | +€10,121 | +77.8% |
| Remuneration and social security | 454/9 | €6,111 | €8,263 | +€2,152 | +35.2% |
| Other amounts payable | 47/48 | €46,141 | €23,123 | -€23,018 | -49.9% |
| Accrued charges and deferred income | 492/3 | €6,194 | €200 | -€5,994 | -96.8% |
| Remuneration, social security and pensions | 62 | €119,797 | €133,919 | +€14,122 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,862 | €24,378 | -€4,483 | -15.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,143,302 | - | -€1.1m | |
| Other operating charges | 640/8 | €6,737 | €7,862 | +€1,125 | +16.7% |
| Gross operating margin | 9900 | €177,102 | €192,651 | +€15,548 | +8.8% |
| Operating profit (loss) | 9901 | -€1,121,596 | €26,491 | +€1.1m | |
| Financial income | 75/76B | €14 | €5 | -€8 | -60.1% |
| Recurring financial income | 75 | €14 | €5 | -€8 | -60.1% |
| Financial charges | 65/66B | €7,695 | €3,615 | -€4,080 | -53.0% |
| Recurring financial charges | 65 | €7,695 | €3,615 | -€4,080 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,129,277 | €22,881 | +€1.2m | |
| Income taxes | 67/77 | €336 | €245 | -€91 | -27.1% |
| Profit (loss) for the period | 9904 | -€1,129,613 | €22,636 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,129,613 | €22,636 | +€1.2m |
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 10 October 2026 via checked.be.