NEJAC: what changed
Two fiscal 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.
NEJAC
Largest movements
- Receivables within one year +€240,005
up €240,005 (+267.5%), from €89,733 to €329,738
of which Other amounts receivable: +€175,687
- Cash +€44,928
up €44,928 (+404.8%), from €11,098 to €56,026
mainly Net result for the year (+€221,958) and Tax, wage and social debts (+€66,450)
- Tangible fixed assets -€16,322
down €16,322 (-48.4%), from €33,707 to €17,385
- Profit (loss) carried forward +€221,958
up €221,958 (+287.7%), from €77,155 to €299,114
- Tax, wage and social debts +€66,450
up €66,450 (+261.6%), from €25,399 to €91,848
- Current portion of long-term debt -€16,148
down €16,148 (-74.3%), from €21,730 to €5,581
- Debts after one year -€5,581
no longer reported in 2025 (was €5,581)
- Gross operating margin +€187,163
up €187,163 (+158.1%), from €118,414 to €305,577
- Taxes +€51,842
up €51,842 (+259.2%), from €20,003 to €71,845
- Financial income +€6,069
up €6,069 (+1258.3%), from €482 to €6,552
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 | €134,537 | €403,148 | +€268,611 | +199.7% |
| Fixed assets | 21/28 | €33,707 | €17,385 | -€16,322 | -48.4% |
| Tangible fixed assets | 22/27 | €33,707 | €17,385 | -€16,322 | -48.4% |
| Furniture and vehicles | 24 | €33,707 | €17,385 | -€16,322 | -48.4% |
| Current assets | 29/58 | €100,831 | €385,763 | +€284,932 | +282.6% |
| Amounts receivable within one year | 40/41 | €89,733 | €329,738 | +€240,005 | +267.5% |
| Trade receivables | 40 | €66,196 | €130,514 | +€64,318 | +97.2% |
| Other amounts receivable | 41 | €23,536 | €199,223 | +€175,687 | +746.4% |
| Cash at bank and in hand | 54/58 | €11,098 | €56,026 | +€44,928 | +404.8% |
| Total equity and liabilities | 10/49 | €134,537 | €403,148 | +€268,611 | +199.7% |
| Equity | 10/15 | €81,155 | €303,114 | +€221,958 | +273.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,155 | €299,114 | +€221,958 | +287.7% |
| Amounts payable | 17/49 | €53,382 | €100,034 | +€46,652 | +87.4% |
| Amounts payable after more than one year | 17 | €5,581 | - | -€5,581 | |
| Financial debts | 170/4 | €5,581 | - | -€5,581 | |
| Amounts payable within one year | 42/48 | €47,801 | €97,618 | +€49,817 | +104.2% |
| Current portion of amounts payable after more than one year | 42 | €21,730 | €5,581 | -€16,148 | -74.3% |
| Trade debts | 44 | €673 | €188 | -€484 | -72.0% |
| Suppliers | 440/4 | €673 | €188 | -€484 | -72.0% |
| Taxes, remuneration and social security | 45 | €25,399 | €91,848 | +€66,450 | +261.6% |
| Taxes | 450/3 | €25,399 | €91,848 | +€66,450 | +261.6% |
| Accrued charges and deferred income | 492/3 | - | €2,416 | +€2,416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,258 | €16,322 | +€1,063 | +7.0% |
| Other operating charges | 640/8 | €666 | €1,029 | +€363 | +54.5% |
| Gross operating margin | 9900 | €118,414 | €305,577 | +€187,163 | +158.1% |
| Operating profit (loss) | 9901 | €102,489 | €288,226 | +€185,737 | +181.2% |
| Financial income | 75/76B | €482 | €6,552 | +€6,069 | +1258.3% |
| Recurring financial income | 75 | €482 | €6,552 | +€6,069 | +1258.3% |
| Financial charges | 65/66B | €1,448 | €974 | -€474 | -32.7% |
| Recurring financial charges | 65 | €1,448 | €974 | -€474 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €101,523 | €293,804 | +€192,280 | +189.4% |
| Income taxes | 67/77 | €20,003 | €71,845 | +€51,842 | +259.2% |
| Profit (loss) for the period | 9904 | €81,520 | €221,958 | +€140,439 | +172.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,520 | €221,958 | +€140,439 | +172.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.