NIJO: 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.
NIJO
Largest movements
- Tangible fixed assets -€49,538
down €49,538 (-11.5%), from €431,399 to €381,861
of which Land and buildings: -€44,601
- Cash +€46,503
up €46,503 (+18.5%), from €251,739 to €298,241
mainly Net result for the year (+€78,814) and Depreciation (+€49,538)
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year -€27,603
down €27,603 (-73.4%), from €37,603 to €10,000
of which Other amounts receivable: -€15,643
- Other debts +€13,194
up €13,194 (+21.4%), from €61,767 to €74,961
- Reserves +€11,895
up €11,895 (+3.9%), from €303,368 to €315,263
- Tax, wage and social debts -€10,110
down €10,110 (-23.6%), from €42,813 to €32,703
of which Remuneration and social security: -€5,813
- Debts after one year -€8,661
down €8,661 (-92.2%), from €9,397 to €737
- Financial income -€4,575
no longer reported in 2025 (was €4,575)
- Gross operating margin +€2,736
up €2,736 (+1.6%), from €167,560 to €170,296
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 | €741,466 | €742,298 | +€832 | +0.1% |
| Fixed assets | 21/28 | €432,189 | €382,651 | -€49,538 | -11.5% |
| Tangible fixed assets | 22/27 | €431,399 | €381,861 | -€49,538 | -11.5% |
| Land and buildings | 22 | €413,085 | €368,484 | -€44,601 | -10.8% |
| Plant, machinery and equipment | 23 | €18,314 | €13,377 | -€4,937 | -27.0% |
| Financial fixed assets | 28 | €791 | €791 | = | 0.0% |
| Current assets | 29/58 | €309,277 | €359,647 | +€50,370 | +16.3% |
| Amounts receivable within one year | 40/41 | €37,603 | €10,000 | -€27,603 | -73.4% |
| Trade receivables | 40 | €11,960 | - | -€11,960 | |
| Other amounts receivable | 41 | €25,643 | €10,000 | -€15,643 | -61.0% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €251,739 | €298,241 | +€46,503 | +18.5% |
| Deferred charges and accrued income | 490/1 | €19,935 | €21,406 | +€1,471 | +7.4% |
| Total equity and liabilities | 10/49 | €741,466 | €742,298 | +€832 | +0.1% |
| Equity | 10/15 | €612,889 | €624,783 | +€11,895 | +1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €303,368 | €315,263 | +€11,895 | +3.9% |
| Distributable reserves | 133 | €303,368 | €315,263 | +€11,895 | +3.9% |
| Profit (loss) carried forward | 14 | €289,521 | €289,521 | = | 0.0% |
| Amounts payable | 17/49 | €128,578 | €117,515 | -€11,063 | -8.6% |
| Amounts payable after more than one year | 17 | €9,397 | €737 | -€8,661 | -92.2% |
| Financial debts | 170/4 | €9,397 | €737 | -€8,661 | -92.2% |
| Amounts payable within one year | 42/48 | €119,180 | €116,778 | -€2,402 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,879 | €8,661 | -€2,218 | -20.4% |
| Trade debts | 44 | €3,722 | €454 | -€3,269 | -87.8% |
| Suppliers | 440/4 | €3,722 | €454 | -€3,269 | -87.8% |
| Taxes, remuneration and social security | 45 | €42,813 | €32,703 | -€10,110 | -23.6% |
| Taxes | 450/3 | €36,966 | €32,669 | -€4,297 | -11.6% |
| Remuneration and social security | 454/9 | €5,846 | €34 | -€5,813 | -99.4% |
| Other amounts payable | 47/48 | €61,767 | €74,961 | +€13,194 | +21.4% |
| Remuneration, social security and pensions | 62 | €58 | - | -€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,881 | €49,538 | -€343 | -0.7% |
| Other operating charges | 640/8 | €7,947 | €7,991 | +€44 | +0.6% |
| Gross operating margin | 9900 | €167,560 | €170,296 | +€2,736 | +1.6% |
| Operating profit (loss) | 9901 | €109,675 | €112,767 | +€3,092 | +2.8% |
| Financial income | 75/76B | €4,575 | - | -€4,575 | |
| Recurring financial income | 75 | €4,575 | - | -€4,575 | |
| Financial charges | 65/66B | €1,756 | €1,640 | -€116 | -6.6% |
| Recurring financial charges | 65 | €1,756 | €1,640 | -€116 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €112,493 | €111,127 | -€1,366 | -1.2% |
| Income taxes | 67/77 | €32,142 | €32,313 | +€171 | +0.5% |
| Profit (loss) for the period | 9904 | €80,351 | €78,814 | -€1,537 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,351 | €78,814 | -€1,537 | -1.9% |
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 4 October 2026 via checked.be.