Nijosan: 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.
Nijosan
Largest movements
- Receivables within one year +€307,567
up €307,567 (+160.5%), from €191,574 to €499,141
of which Trade receivables: +€307,073
- Tangible fixed assets +€182,459
up €182,459 (+12.9%), from €1.4m to €1.6m
of which Land and buildings: +€151,723
- Cash -€167,005
down €167,005 (-42.5%), from €393,290 to €226,285
mainly Current portion of long-term debt (-€1.0m) and Receivables within one year (-€307,567)
- Current portion of long-term debt -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Other debts +€807,840
up €807,840, from €0 to €807,840
- Trade debts +€421,924
up €421,924 (+422.0%), from €99,991 to €521,915
- Reserves +€175,701
up €175,701 (+25.5%), from €688,253 to €863,954
- Accrued charges and deferred income -€29,236
down €29,236 (-20.9%), from €140,119 to €110,882
- Gross operating margin +€57,934
up €57,934 (+16.6%), from €349,571 to €407,505
- Depreciation +€20,945
up €20,945 (+20.3%), from €103,195 to €124,140
- Taxes +€11,391
up €11,391 (+24.1%), from €47,176 to €58,567
- Financial charges -€5,645
down €5,645 (-10.5%), from €53,890 to €48,246
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 | €2,000,185 | €2,323,205 | +€323,020 | +16.1% |
| Fixed assets | 21/28 | €1,415,321 | €1,597,779 | +€182,459 | +12.9% |
| Tangible fixed assets | 22/27 | €1,415,321 | €1,597,779 | +€182,459 | +12.9% |
| Land and buildings | 22 | €1,415,321 | €1,567,044 | +€151,723 | +10.7% |
| Plant, machinery and equipment | 23 | €0 | €30,736 | +€30,736 | |
| Current assets | 29/58 | €584,864 | €725,426 | +€140,561 | +24.0% |
| Amounts receivable within one year | 40/41 | €191,574 | €499,141 | +€307,567 | +160.5% |
| Trade receivables | 40 | €159,760 | €466,834 | +€307,073 | +192.2% |
| Other amounts receivable | 41 | €31,814 | €32,307 | +€494 | +1.6% |
| Cash at bank and in hand | 54/58 | €393,290 | €226,285 | -€167,005 | -42.5% |
| Total equity and liabilities | 10/49 | €2,000,185 | €2,323,205 | +€323,020 | +16.1% |
| Equity | 10/15 | €706,853 | €882,554 | +€175,701 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €688,253 | €863,954 | +€175,701 | +25.5% |
| Distributable reserves | 133 | €688,253 | €863,954 | +€175,701 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,293,331 | €1,440,651 | +€147,319 | +11.4% |
| Amounts payable within one year | 42/48 | €1,153,213 | €1,329,769 | +€176,556 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €1,043,263 | €0 | -€1.0m | -100.0% |
| Financial debts | 43 | €249 | €0 | -€249 | -100.0% |
| Credit institutions | 430/8 | €249 | €0 | -€249 | -100.0% |
| Trade debts | 44 | €99,991 | €521,915 | +€421,924 | +422.0% |
| Suppliers | 440/4 | €99,991 | €521,915 | +€421,924 | +422.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,711 | €14 | -€9,697 | -99.9% |
| Taxes | 450/3 | €9,711 | €14 | -€9,697 | -99.9% |
| Other amounts payable | 47/48 | €0 | €807,840 | +€807,840 | |
| Accrued charges and deferred income | 492/3 | €140,119 | €110,882 | -€29,236 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,195 | €124,140 | +€20,945 | +20.3% |
| Other operating charges | 640/8 | €3,783 | €1,064 | -€2,719 | -71.9% |
| Gross operating margin | 9900 | €349,571 | €407,505 | +€57,934 | +16.6% |
| Operating profit (loss) | 9901 | €242,593 | €282,301 | +€39,708 | +16.4% |
| Financial income | 75/76B | €0 | €213 | +€212 | +54425.6% |
| Recurring financial income | 75 | €0 | €213 | +€212 | +54425.6% |
| Financial charges | 65/66B | €53,890 | €48,246 | -€5,645 | -10.5% |
| Recurring financial charges | 65 | €53,890 | €48,246 | -€5,645 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €188,703 | €234,268 | +€45,565 | +24.1% |
| Income taxes | 67/77 | €47,176 | €58,567 | +€11,391 | +24.1% |
| Profit (loss) for the period | 9904 | €141,527 | €175,701 | +€34,174 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,527 | €175,701 | +€34,174 | +24.1% |
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 12 October 2026 via checked.be.