NDJ Management: 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.
NDJ Management
Largest movements
- Receivables within one year -€19,179
down €19,179 (-26.8%), from €71,469 to €52,290
of which Trade receivables: -€19,172
- Cash +€4,714
up €4,714 (+99.0%), from €4,762 to €9,476
mainly Receivables within one year (+€19,179) and Net result for the year (+€8,639)
- Debts after one year -€20,631
down €20,631 (-10.8%), from €191,811 to €171,180
- Profit (loss) carried forward +€8,639
up €8,639 (+384%), from €2,247 to €10,886
- Tax, wage and social debts +€5,487
up €5,487 (+123%), from €4,458 to €9,945
- Other debts -€4,835
down €4,835 (-4.0%), from €122,219 to €117,384
- Gross operating margin +€36,136
up €36,136 (+84.4%), from €42,830 to €78,966
- Staff costs +€26,688
up €26,688 (+80.5%), from €33,155 to €59,843
- Financial charges +€1,535
up €1,535 (+17.5%), from €8,753 to €10,288
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 | €406,695 | €392,230 | -€14,465 | -3.6% |
| Fixed assets | 21/28 | €330,464 | €330,464 | = | 0.0% |
| Financial fixed assets | 28 | €330,464 | €330,464 | = | 0.0% |
| Current assets | 29/58 | €76,231 | €61,766 | -€14,465 | -19.0% |
| Amounts receivable within one year | 40/41 | €71,469 | €52,290 | -€19,179 | -26.8% |
| Trade receivables | 40 | €68,984 | €49,812 | -€19,172 | -27.8% |
| Other amounts receivable | 41 | €2,485 | €2,478 | -€7 | -0.3% |
| Cash at bank and in hand | 54/58 | €4,762 | €9,476 | +€4,714 | +99.0% |
| Total equity and liabilities | 10/49 | €406,695 | €392,230 | -€14,465 | -3.6% |
| Equity | 10/15 | €4,447 | €13,086 | +€8,639 | +194% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,247 | €10,886 | +€8,639 | +384% |
| Amounts payable | 17/49 | €402,248 | €379,144 | -€23,104 | -5.7% |
| Amounts payable after more than one year | 17 | €191,811 | €171,180 | -€20,631 | -10.8% |
| Financial debts | 170/4 | €191,811 | €171,180 | -€20,631 | -10.8% |
| Amounts payable within one year | 42/48 | €210,437 | €207,964 | -€2,473 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €20,631 | €20,631 | = | 0.0% |
| Trade debts | 44 | €63,129 | €60,004 | -€3,125 | -5.0% |
| Suppliers | 440/4 | €63,129 | €60,004 | -€3,125 | -5.0% |
| Taxes, remuneration and social security | 45 | €4,458 | €9,945 | +€5,487 | +123% |
| Remuneration and social security | 454/9 | €4,458 | €9,945 | +€5,487 | +123% |
| Other amounts payable | 47/48 | €122,219 | €117,384 | -€4,835 | -4.0% |
| Remuneration, social security and pensions | 62 | €33,155 | €59,843 | +€26,688 | +80.5% |
| Other operating charges | 640/8 | - | €196 | +€196 | |
| Gross operating margin | 9900 | €42,830 | €78,966 | +€36,136 | +84.4% |
| Operating profit (loss) | 9901 | €9,675 | €18,927 | +€9,252 | +95.6% |
| Financial charges | 65/66B | €8,753 | €10,288 | +€1,535 | +17.5% |
| Recurring financial charges | 65 | €8,753 | €10,288 | +€1,535 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €922 | €8,639 | +€7,717 | +837% |
| Income taxes | 67/77 | €503 | - | -€503 | |
| Profit (loss) for the period | 9904 | €419 | €8,639 | +€8,220 | +1,962% |
| Profit (loss) for the period to be appropriated | 9905 | €419 | €8,639 | +€8,220 | +1,962% |
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 29 October 2026 via checked.be.