NEJO: 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.
NEJO
Largest movements
- Current investments +€30,000
up €30,000 (+30.0%), from €100,000 to €130,000
- Reserves +€31,246
up €31,246 (+30.9%), from €101,269 to €132,514
- Tax, wage and social debts +€2,763
up €2,763 (+124.9%), from €2,212 to €4,975
- Gross operating margin +€10,637
up €10,637 (+34.2%), from €31,073 to €41,710
- Taxes +€3,172
up €3,172 (+36.0%), from €8,812 to €11,984
- Financial income +€1,090
up €1,090 (+22.2%), from €4,899 to €5,989
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 | €160,226 | €193,191 | +€32,965 | +20.6% |
| Fixed assets | 21/28 | €4,973 | €6,198 | +€1,225 | +24.6% |
| Tangible fixed assets | 22/27 | €4,958 | €6,183 | +€1,225 | +24.7% |
| Land and buildings | 22 | €4,958 | €4,958 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,225 | +€1,225 | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €155,253 | €186,993 | +€31,740 | +20.4% |
| Current investments | 50/53 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €55,253 | €56,993 | +€1,740 | +3.1% |
| Total equity and liabilities | 10/49 | €160,226 | €193,191 | +€32,965 | +20.6% |
| Equity | 10/15 | €119,861 | €151,106 | +€31,246 | +26.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,269 | €132,514 | +€31,246 | +30.9% |
| Distributable reserves | 133 | €101,269 | €132,514 | +€31,246 | +30.9% |
| Amounts payable | 17/49 | €40,365 | €42,085 | +€1,719 | +4.3% |
| Amounts payable within one year | 42/48 | €40,365 | €42,085 | +€1,719 | +4.3% |
| Trade debts | 44 | €718 | - | -€718 | |
| Suppliers | 440/4 | €718 | - | -€718 | |
| Taxes, remuneration and social security | 45 | €2,212 | €4,975 | +€2,763 | +124.9% |
| Taxes | 450/3 | €2,212 | €4,975 | +€2,763 | +124.9% |
| Other amounts payable | 47/48 | €37,436 | €37,110 | -€326 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €136 | +€136 | |
| Other operating charges | 640/8 | €1,513 | €1,464 | -€49 | -3.2% |
| Gross operating margin | 9900 | €31,073 | €41,710 | +€10,637 | +34.2% |
| Operating profit (loss) | 9901 | €29,560 | €40,110 | +€10,550 | +35.7% |
| Financial income | 75/76B | €4,899 | €5,989 | +€1,090 | +22.2% |
| Recurring financial income | 75 | €4,899 | €5,989 | +€1,090 | +22.2% |
| Financial charges | 65/66B | €2,862 | €2,869 | +€7 | +0.3% |
| Recurring financial charges | 65 | €2,862 | €2,869 | +€7 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €31,598 | €43,230 | +€11,632 | +36.8% |
| Income taxes | 67/77 | €8,812 | €11,984 | +€3,172 | +36.0% |
| Profit (loss) for the period | 9904 | €22,786 | €31,246 | +€8,460 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,786 | €31,246 | +€8,460 | +37.1% |
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 5 October 2026 via checked.be.