NJ DEVELOP: 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.
NJ DEVELOP
Largest movements
- Cash +€63,510
up €63,510 (+26.8%), from €236,800 to €300,310
mainly Net result for the year (+€60,297) and Receivables within one year (+€1,736)
- Reserves +€60,200
up €60,200 (+24.7%), from €243,600 to €303,800
- Gross operating margin -€18,501
down €18,501 (-18.7%), from €98,953 to €80,452
- Taxes -€5,191
down €5,191 (-18.8%), from €27,571 to €22,380
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 | €270,136 | €331,243 | +€61,108 | +22.6% |
| Fixed assets | 21/28 | €1,799 | €1,056 | -€743 | -41.3% |
| Tangible fixed assets | 22/27 | €1,755 | €1,013 | -€743 | -42.3% |
| Furniture and vehicles | 24 | €1,755 | €1,013 | -€743 | -42.3% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €268,337 | €330,188 | +€61,850 | +23.0% |
| Amounts receivable within one year | 40/41 | €29,263 | €27,528 | -€1,736 | -5.9% |
| Trade receivables | 40 | €25,955 | €27,528 | +€1,573 | +6.1% |
| Other amounts receivable | 41 | €3,309 | €0 | -€3,309 | -100.0% |
| Cash at bank and in hand | 54/58 | €236,800 | €300,310 | +€63,510 | +26.8% |
| Deferred charges and accrued income | 490/1 | €2,274 | €2,350 | +€76 | +3.3% |
| Total equity and liabilities | 10/49 | €270,136 | €331,243 | +€61,108 | +22.6% |
| Equity | 10/15 | €254,093 | €314,390 | +€60,297 | +23.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €243,600 | €303,800 | +€60,200 | +24.7% |
| Distributable reserves | 133 | €243,600 | €303,800 | +€60,200 | +24.7% |
| Profit (loss) carried forward | 14 | €493 | €590 | +€97 | +19.7% |
| Amounts payable | 17/49 | €16,043 | €16,853 | +€810 | +5.1% |
| Amounts payable within one year | 42/48 | €15,462 | €16,013 | +€551 | +3.6% |
| Trade debts | 44 | €1,004 | €1,075 | +€71 | +7.1% |
| Suppliers | 440/4 | €1,004 | €1,075 | +€71 | +7.1% |
| Taxes, remuneration and social security | 45 | €12,350 | €12,597 | +€246 | +2.0% |
| Taxes | 450/3 | €10,235 | €10,393 | +€158 | +1.5% |
| Remuneration and social security | 454/9 | €2,115 | €2,203 | +€89 | +4.2% |
| Other amounts payable | 47/48 | €2,107 | €2,341 | +€234 | +11.1% |
| Accrued charges and deferred income | 492/3 | €581 | €841 | +€259 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €743 | +€270 | +57.1% |
| Other operating charges | 640/8 | €489 | €400 | -€89 | -18.2% |
| Gross operating margin | 9900 | €98,953 | €80,452 | -€18,501 | -18.7% |
| Operating profit (loss) | 9901 | €97,991 | €79,309 | -€18,682 | -19.1% |
| Financial income | 75/76B | €2,917 | €3,482 | +€564 | +19.3% |
| Recurring financial income | 75 | €2,917 | €3,482 | +€564 | +19.3% |
| Financial charges | 65/66B | €118 | €114 | -€4 | -3.5% |
| Recurring financial charges | 65 | €118 | €114 | -€4 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €100,790 | €82,677 | -€18,113 | -18.0% |
| Income taxes | 67/77 | €27,571 | €22,380 | -€5,191 | -18.8% |
| Profit (loss) for the period | 9904 | €73,219 | €60,297 | -€12,922 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,219 | €60,297 | -€12,922 | -17.6% |
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.