NIJF: 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.
NIJF
Largest movements
- Tangible fixed assets -€321,078
down €321,078 (-57.8%), from €555,101 to €234,023
of which Land and buildings: -€313,603
- Stocks and contracts +€52,075
up €52,075 (+5.8%), from €898,319 to €950,395
of which Contracts in progress: +€52,075
- Cash -€15,344
down €15,344 (-87.2%), from €17,588 to €2,244
mainly Other debts (-€318,400) and Stocks and contracts (-€52,075)
- Other debts -€318,400
down €318,400 (-23.2%), from €1.4m to €1.1m
- Trade debts +€35,571
up €35,571 (+517%), from €6,881 to €42,451
- Gross operating margin -€11,951
down €11,951 (-44.1%), from €27,100 to €15,149
- Depreciation -€6,011
down €6,011 (-32.6%), from €18,464 to €12,453
- Other operating charges +€1,289
up €1,289 (+20.8%), from €6,197 to €7,486
- Financial charges -€1,054
down €1,054 (-85.4%), from €1,234 to €180
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 | €1,475,924 | €1,190,149 | -€285,774 | -19.4% |
| Fixed assets | 21/28 | €555,101 | €234,023 | -€321,078 | -57.8% |
| Tangible fixed assets | 22/27 | €555,101 | €234,023 | -€321,078 | -57.8% |
| Land and buildings | 22 | €533,519 | €219,916 | -€313,603 | -58.8% |
| Other tangible fixed assets | 26 | €21,582 | €14,108 | -€7,474 | -34.6% |
| Current assets | 29/58 | €920,823 | €956,126 | +€35,303 | +3.8% |
| Stocks and contracts in progress | 3 | €898,319 | €950,395 | +€52,075 | +5.8% |
| Stocks | 30/36 | €509,027 | €509,027 | = | 0.0% |
| Contracts in progress | 37 | €389,293 | €441,368 | +€52,075 | +13.4% |
| Amounts receivable within one year | 40/41 | €4,688 | €3,487 | -€1,201 | -25.6% |
| Trade receivables | 40 | €1,400 | €2,968 | +€1,568 | +112% |
| Other amounts receivable | 41 | €3,288 | €519 | -€2,769 | -84.2% |
| Cash at bank and in hand | 54/58 | €17,588 | €2,244 | -€15,344 | -87.2% |
| Deferred charges and accrued income | 490/1 | €227 | €0 | -€227 | -100% |
| Total equity and liabilities | 10/49 | €1,475,924 | €1,190,149 | -€285,774 | -19.4% |
| Equity | 10/15 | €98,074 | €93,350 | -€4,725 | -4.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €37,375 | €37,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €31,225 | €31,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€800 | -€5,525 | -€4,725 | -590% |
| Amounts payable | 17/49 | €1,377,849 | €1,096,800 | -€281,050 | -20.4% |
| Amounts payable within one year | 42/48 | €1,377,849 | €1,095,701 | -€282,148 | -20.5% |
| Trade debts | 44 | €6,881 | €42,451 | +€35,571 | +517% |
| Suppliers | 440/4 | €6,881 | €42,451 | +€35,571 | +517% |
| Taxes, remuneration and social security | 45 | €600 | €1,282 | +€681 | +113% |
| Taxes | 450/3 | €600 | €1,282 | +€681 | +113% |
| Other amounts payable | 47/48 | €1,370,368 | €1,051,968 | -€318,400 | -23.2% |
| Accrued charges and deferred income | 492/3 | - | €1,098 | +€1,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,464 | €12,453 | -€6,011 | -32.6% |
| Other operating charges | 640/8 | €6,197 | €7,486 | +€1,289 | +20.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,100 | €15,149 | -€11,951 | -44.1% |
| Operating profit (loss) | 9901 | €2,439 | -€4,791 | -€7,229 | |
| Financial income | 75/76B | €417 | €246 | -€171 | -40.9% |
| Recurring financial income | 75 | €417 | €246 | -€171 | -40.9% |
| Financial charges | 65/66B | €1,234 | €180 | -€1,054 | -85.4% |
| Recurring financial charges | 65 | €1,234 | €180 | -€1,054 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €1,621 | -€4,725 | -€6,346 | |
| Profit (loss) for the period | 9904 | €1,621 | -€4,725 | -€6,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,621 | -€4,725 | -€6,346 |
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 13 October 2026 via checked.be.