NJ RENOVATION: what changed
NJ RENOVATION
Largest movements
- Cash -€22,458
down €22,458 (-61.6%), from €36,429 to €13,971
mainly Accrued charges and deferred income (-€24,948) and Stocks and contracts (-€21,213)
- Tangible fixed assets -€22,395
down €22,395 (-13.9%), from €161,090 to €138,696
of which Leasing and similar rights: -€31,134
- Stocks and contracts +€21,213
up €21,213 (+349%), from €6,081 to €27,295
- Intangible fixed assets -€8,266
down €8,266 (-13.9%), from €59,558 to €51,292
- Receivables within one year +€3,377
up €3,377 (+11.9%), from €28,296 to €31,673
of which Other amounts receivable: +€14,800
- Accrued charges and deferred income -€24,948
down €24,948 (-100%), from €24,948 to €0
- Advances received +€20,382
new in 2025: €20,382
- Profit (loss) carried forward -€13,770
down €13,770 (-22.9%), from €60,230 to €46,460
- Debts after one year -€8,726
down €8,726 (-14.6%), from €59,809 to €51,083
- Staff costs +€107,433
up €107,433 (+76.9%), from €139,735 to €247,168
- Gross operating margin +€68,670
up €68,670 (+27.5%), from €250,067 to €318,736
- Other operating charges +€29,857
up €29,857 (+29,857%), from €100 to €29,957
- Depreciation +€16,982
up €16,982 (+54.4%), from €31,225 to €48,207
- Taxes -€13,078
down €13,078 (-97.8%), from €13,376 to €298
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,997 | €264,310 | -€28,686 | -9.8% |
| Fixed assets | 21/28 | €220,747 | €190,086 | -€30,661 | -13.9% |
| Intangible fixed assets | 21 | €59,558 | €51,292 | -€8,266 | -13.9% |
| Tangible fixed assets | 22/27 | €161,090 | €138,696 | -€22,395 | -13.9% |
| Plant, machinery and equipment | 23 | €45,955 | €54,768 | +€8,813 | +19.2% |
| Furniture and vehicles | 24 | €7,492 | €7,679 | +€187 | +2.5% |
| Leasing and similar rights | 25 | €106,440 | €75,306 | -€31,134 | -29.2% |
| Other tangible fixed assets | 26 | €1,204 | €943 | -€262 | -21.7% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €72,250 | €74,225 | +€1,975 | +2.7% |
| Stocks and contracts in progress | 3 | €6,081 | €27,295 | +€21,213 | +349% |
| Stocks | 30/36 | €6,081 | €27,295 | +€21,213 | +349% |
| Amounts receivable within one year | 40/41 | €28,296 | €31,673 | +€3,377 | +11.9% |
| Trade receivables | 40 | €25,065 | €13,643 | -€11,422 | -45.6% |
| Other amounts receivable | 41 | €3,230 | €18,030 | +€14,800 | +458% |
| Cash at bank and in hand | 54/58 | €36,429 | €13,971 | -€22,458 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,286 | -€158 | -11.0% |
| Total equity and liabilities | 10/49 | €292,997 | €264,310 | -€28,686 | -9.8% |
| Equity | 10/15 | €65,230 | €51,460 | -€13,770 | -21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,230 | €46,460 | -€13,770 | -22.9% |
| Amounts payable | 17/49 | €227,767 | €212,850 | -€14,917 | -6.5% |
| Amounts payable after more than one year | 17 | €59,809 | €51,083 | -€8,726 | -14.6% |
| Financial debts | 170/4 | €59,809 | €51,083 | -€8,726 | -14.6% |
| Amounts payable within one year | 42/48 | €143,009 | €161,767 | +€18,757 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €24,803 | €24,990 | +€186 | +0.8% |
| Trade debts | 44 | €30,299 | €28,339 | -€1,961 | -6.5% |
| Suppliers | 440/4 | €30,299 | €28,339 | -€1,961 | -6.5% |
| Advances received on contracts in progress | 46 | - | €20,382 | +€20,382 | |
| Taxes, remuneration and social security | 45 | €14,940 | €16,372 | +€1,432 | +9.6% |
| Taxes | 450/3 | €13,558 | €13,376 | -€182 | -1.3% |
| Remuneration and social security | 454/9 | €1,382 | €2,996 | +€1,614 | +117% |
| Other amounts payable | 47/48 | €72,967 | €71,685 | -€1,282 | -1.8% |
| Accrued charges and deferred income | 492/3 | €24,948 | €0 | -€24,948 | -100% |
| Remuneration, social security and pensions | 62 | €139,735 | €247,168 | +€107,433 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,225 | €48,207 | +€16,982 | +54.4% |
| Other operating charges | 640/8 | €100 | €29,957 | +€29,857 | +29,857% |
| Gross operating margin | 9900 | €250,067 | €318,736 | +€68,670 | +27.5% |
| Operating profit (loss) | 9901 | €79,007 | -€6,596 | -€85,603 | |
| Financial income | 75/76B | €5 | €2 | -€2 | -47.4% |
| Recurring financial income | 75 | €5 | €2 | -€2 | -47.4% |
| Financial charges | 65/66B | €5,406 | €6,878 | +€1,473 | +27.2% |
| Recurring financial charges | 65 | €5,406 | €6,878 | +€1,473 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €73,606 | -€13,472 | -€87,078 | |
| Income taxes | 67/77 | €13,376 | €298 | -€13,078 | -97.8% |
| Profit (loss) for the period | 9904 | €60,230 | -€13,770 | -€73,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,230 | -€13,770 | -€73,999 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.