NEJO-consult: 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.
NEJO-consult
Largest movements
- Cash -€77,515
down €77,515 (-30.2%), from €256,266 to €178,751
mainly Contributions, distributions and other (-€66,980) and Debts after one year (-€51,615)
- Receivables within one year +€6,052
up €6,052 (+67.6%), from €8,948 to €15,000
of which Other amounts receivable: +€6,527
- Tangible fixed assets -€5,375
down €5,375 (-36.8%), from €14,591 to €9,216
- Debts after one year -€51,615
down €51,615 (-49.2%), from €104,962 to €53,346
- Other debts -€26,273
down €26,273 (-20.7%), from €127,110 to €100,837
- Gross operating margin -€74,160
down €74,160 (-43.9%), from €168,964 to €94,804
- Taxes -€18,907
down €18,907 (-47.8%), from €39,554 to €20,647
- Financial income -€5,719
down €5,719 (-97.3%), from €5,876 to €157
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 | €293,557 | €217,098 | -€76,459 | -26.0% |
| Fixed assets | 21/28 | €14,593 | €9,217 | -€5,376 | -36.8% |
| Tangible fixed assets | 22/27 | €14,591 | €9,216 | -€5,375 | -36.8% |
| Land and buildings | 22 | €4,604 | €2,082 | -€2,522 | -54.8% |
| Plant, machinery and equipment | 23 | €2,719 | €1,834 | -€886 | -32.6% |
| Furniture and vehicles | 24 | €7,268 | €5,300 | -€1,968 | -27.1% |
| Financial fixed assets | 28 | €2 | €1 | -€1 | -50.0% |
| Current assets | 29/58 | €278,964 | €207,881 | -€71,083 | -25.5% |
| Amounts receivable within one year | 40/41 | €8,948 | €15,000 | +€6,052 | +67.6% |
| Trade receivables | 40 | €475 | €0 | -€475 | -100% |
| Other amounts receivable | 41 | €8,473 | €15,000 | +€6,527 | +77.0% |
| Cash at bank and in hand | 54/58 | €256,266 | €178,751 | -€77,515 | -30.2% |
| Deferred charges and accrued income | 490/1 | €13,750 | €14,130 | +€380 | +2.8% |
| Total equity and liabilities | 10/49 | €293,557 | €217,098 | -€76,459 | -26.0% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €283,557 | €207,098 | -€76,459 | -27.0% |
| Amounts payable after more than one year | 17 | €104,962 | €53,346 | -€51,615 | -49.2% |
| Financial debts | 170/4 | €104,962 | €53,346 | -€51,615 | -49.2% |
| Amounts payable within one year | 42/48 | €178,595 | €153,752 | -€24,844 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €51,053 | €51,615 | +€562 | +1.1% |
| Trade debts | 44 | €432 | €500 | +€68 | +15.8% |
| Suppliers | 440/4 | €432 | €500 | +€68 | +15.8% |
| Taxes, remuneration and social security | 45 | €0 | €799 | +€799 | |
| Taxes | 450/3 | €0 | €799 | +€799 | |
| Other amounts payable | 47/48 | €127,110 | €100,837 | -€26,273 | -20.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €369 | €0 | -€369 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,342 | €3,627 | -€715 | -16.5% |
| Other operating charges | 640/8 | €2,412 | €1,721 | -€691 | -28.6% |
| Gross operating margin | 9900 | €168,964 | €94,804 | -€74,160 | -43.9% |
| Operating profit (loss) | 9901 | €162,210 | €89,455 | -€72,755 | -44.9% |
| Financial income | 75/76B | €5,876 | €157 | -€5,719 | -97.3% |
| Recurring financial income | 75 | €5,876 | €157 | -€5,719 | -97.3% |
| Financial charges | 65/66B | €2,823 | €1,985 | -€838 | -29.7% |
| Recurring financial charges | 65 | €2,823 | €1,985 | -€838 | -29.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €165,263 | €87,627 | -€77,636 | -47.0% |
| Income taxes | 67/77 | €39,554 | €20,647 | -€18,907 | -47.8% |
| Profit (loss) for the period | 9904 | €125,709 | €66,980 | -€58,729 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,709 | €66,980 | -€58,729 | -46.7% |
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 27 October 2026 via checked.be.