NJ Consulting: 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.
NJ Consulting
Largest movements
- Tangible fixed assets +€206,476
up €206,476 (+72.6%), from €284,427 to €490,902
of which Land and buildings: +€223,228
- Cash -€158,672
down €158,672 (-80.0%), from €198,241 to €39,570
mainly Investment in fixed assets (net) (-€236,686) and Contributions, distributions and other (-€30,937)
- Receivables within one year +€6,055
up €6,055 (+28.9%), from €20,974 to €27,028
of which Trade receivables: +€6,196
- Debts after one year +€43,030
up €43,030 (+37.9%), from €113,671 to €156,700
- Other debts +€30,431
up €30,431 (+84.0%), from €36,210 to €66,641
- Current portion of long-term debt -€17,207
down €17,207 (-66.7%), from €25,797 to €8,591
- Gross operating margin -€14,387
down €14,387 (-15.4%), from €93,147 to €78,760
- Depreciation +€6,392
up €6,392 (+26.8%), from €23,819 to €30,211
- Taxes -€4,882
down €4,882 (-26.1%), from €18,714 to €13,833
- Financial charges -€2,831
down €2,831 (-39.3%), from €7,209 to €4,378
of which Financial charges: -€2,308
- Financial income +€1,720
up €1,720 (+134%), from €1,288 to €3,009
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 | €507,328 | €564,595 | +€57,267 | +11.3% |
| Fixed assets | 21/28 | €284,427 | €490,902 | +€206,476 | +72.6% |
| Tangible fixed assets | 22/27 | €284,427 | €490,902 | +€206,476 | +72.6% |
| Land and buildings | 22 | €232,207 | €455,435 | +€223,228 | +96.1% |
| Plant, machinery and equipment | 23 | €5,143 | €3,849 | -€1,294 | -25.2% |
| Furniture and vehicles | 24 | €47,076 | €31,618 | -€15,458 | -32.8% |
| Current assets | 29/58 | €222,901 | €73,692 | -€149,209 | -66.9% |
| Amounts receivable within one year | 40/41 | €20,974 | €27,028 | +€6,055 | +28.9% |
| Trade receivables | 40 | €20,833 | €27,028 | +€6,196 | +29.7% |
| Other amounts receivable | 41 | €141 | - | -€141 | |
| Cash at bank and in hand | 54/58 | €198,241 | €39,570 | -€158,672 | -80.0% |
| Deferred charges and accrued income | 490/1 | €3,686 | €7,094 | +€3,408 | +92.5% |
| Total equity and liabilities | 10/49 | €507,328 | €564,595 | +€57,267 | +11.3% |
| Equity | 10/15 | €311,292 | €311,189 | -€103 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €305,092 | €304,989 | -€103 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,492 | €32,274 | -€218 | -0.7% |
| Distributable reserves | 133 | €270,740 | €270,855 | +€115 | 0.0% |
| Provisions and deferred taxes | 16 | €8,123 | €8,068 | -€55 | -0.7% |
| Deferred taxes | 168 | €8,123 | €8,068 | -€55 | -0.7% |
| Amounts payable | 17/49 | €187,913 | €245,337 | +€57,424 | +30.6% |
| Amounts payable after more than one year | 17 | €113,671 | €156,700 | +€43,030 | +37.9% |
| Financial debts | 170/4 | €113,671 | €156,700 | +€43,030 | +37.9% |
| Amounts payable within one year | 42/48 | €74,242 | €88,637 | +€14,395 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €25,797 | €8,591 | -€17,207 | -66.7% |
| Trade debts | 44 | €2,473 | €3,667 | +€1,194 | +48.3% |
| Suppliers | 440/4 | €2,473 | €3,667 | +€1,194 | +48.3% |
| Taxes, remuneration and social security | 45 | €9,761 | €9,738 | -€24 | -0.2% |
| Taxes | 450/3 | €7,761 | €7,738 | -€24 | -0.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €36,210 | €66,641 | +€30,431 | +84.0% |
| Non-recurring operating income | 76A | €4,225 | - | -€4,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,819 | €30,211 | +€6,392 | +26.8% |
| Other operating charges | 640/8 | €2,376 | €2,138 | -€238 | -10.0% |
| Non-recurring operating charges | 66A | - | €431 | +€431 | |
| Gross operating margin | 9900 | €93,147 | €78,760 | -€14,387 | -15.4% |
| Operating profit (loss) | 9901 | €66,952 | €45,981 | -€20,971 | -31.3% |
| Financial income | 75/76B | €1,288 | €3,009 | +€1,720 | +134% |
| Recurring financial income | 75 | €1,288 | €3,009 | +€1,720 | +134% |
| Financial charges | 65/66B | €7,209 | €4,378 | -€2,831 | -39.3% |
| Recurring financial charges | 65 | €6,686 | €4,378 | -€2,308 | -34.5% |
| Non-recurring financial charges | 66B | €523 | - | -€523 | |
| Profit (loss) for the period before taxes | 9903 | €61,032 | €44,612 | -€16,420 | -26.9% |
| Transfer from deferred taxes | 780 | - | €55 | +€55 | |
| Income taxes | 67/77 | €18,714 | €13,833 | -€4,882 | -26.1% |
| Profit (loss) for the period | 9904 | €42,318 | €30,834 | -€11,484 | -27.1% |
| Transfer from tax-exempt reserves | 789 | - | €218 | +€218 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,318 | €31,052 | -€11,266 | -26.6% |
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 18 October 2026 via checked.be.