NJAM NJAM: 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.
NJAM NJAM
Largest movements
- Receivables within one year +€29,771
up €29,771 (+629%), from €4,737 to €34,508
of which Other amounts receivable: +€25,186
- Cash +€17,110
up €17,110 (+51.4%), from €33,287 to €50,397
mainly Net result for the year (+€40,641) and Other debts (+€28,488)
- Tangible fixed assets -€10,056
down €10,056 (-49.1%), from €20,493 to €10,436
of which Land and buildings: -€12,403
- Other debts +€28,488
up €28,488 (+175%), from €16,325 to €44,813
- Tax, wage and social debts +€7,834
up €7,834 (+1,392%), from €563 to €8,396
of which Taxes: +€7,672
- Trade debts +€7,504
up €7,504 (+155%), from €4,834 to €12,338
- Reserves -€4,172
down €4,172 (-4.7%), from €89,259 to €85,088
- Gross operating margin +€17,113
up €17,113 (+25.1%), from €68,048 to €85,161
- Taxes +€10,391
up €10,391 (+99.7%), from €10,423 to €20,814
- Depreciation +€2,389
up €2,389 (+19.4%), from €12,313 to €14,702
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 | €111,902 | €150,635 | +€38,734 | +34.6% |
| Fixed assets | 21/28 | €20,493 | €10,436 | -€10,056 | -49.1% |
| Tangible fixed assets | 22/27 | €20,493 | €10,436 | -€10,056 | -49.1% |
| Land and buildings | 22 | €19,908 | €7,505 | -€12,403 | -62.3% |
| Plant, machinery and equipment | 23 | €585 | €1,368 | +€784 | +134% |
| Furniture and vehicles | 24 | - | €1,563 | +€1,563 | |
| Current assets | 29/58 | €91,409 | €140,199 | +€48,790 | +53.4% |
| Amounts receivable after more than one year | 29 | €45,676 | €46,980 | +€1,303 | +2.9% |
| Other amounts receivable | 291 | €45,676 | €46,980 | +€1,303 | +2.9% |
| Stocks and contracts in progress | 3 | €3,004 | €3,100 | +€96 | +3.2% |
| Stocks | 30/36 | €3,004 | €3,100 | +€96 | +3.2% |
| Amounts receivable within one year | 40/41 | €4,737 | €34,508 | +€29,771 | +629% |
| Trade receivables | 40 | €3,043 | €7,628 | +€4,585 | +151% |
| Other amounts receivable | 41 | €1,694 | €26,880 | +€25,186 | +1,487% |
| Cash at bank and in hand | 54/58 | €33,287 | €50,397 | +€17,110 | +51.4% |
| Deferred charges and accrued income | 490/1 | €4,705 | €5,215 | +€510 | +10.8% |
| Total equity and liabilities | 10/49 | €111,902 | €150,635 | +€38,734 | +34.6% |
| Equity | 10/15 | €89,260 | €85,089 | -€4,172 | -4.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €89,259 | €85,088 | -€4,172 | -4.7% |
| Distributable reserves | 133 | €89,259 | €85,088 | -€4,172 | -4.7% |
| Amounts payable | 17/49 | €22,641 | €65,547 | +€42,905 | +189% |
| Amounts payable within one year | 42/48 | €21,721 | €65,547 | +€43,825 | +202% |
| Trade debts | 44 | €4,834 | €12,338 | +€7,504 | +155% |
| Suppliers | 440/4 | €4,834 | €12,338 | +€7,504 | +155% |
| Taxes, remuneration and social security | 45 | €563 | €8,396 | +€7,834 | +1,392% |
| Taxes | 450/3 | €383 | €8,055 | +€7,672 | +2,001% |
| Remuneration and social security | 454/9 | €179 | €341 | +€162 | +90.2% |
| Other amounts payable | 47/48 | €16,325 | €44,813 | +€28,488 | +175% |
| Accrued charges and deferred income | 492/3 | €920 | - | -€920 | |
| Remuneration, social security and pensions | 62 | €6,848 | €6,810 | -€38 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,313 | €14,702 | +€2,389 | +19.4% |
| Other operating charges | 640/8 | €1,855 | €2,227 | +€372 | +20.0% |
| Gross operating margin | 9900 | €68,048 | €85,161 | +€17,113 | +25.1% |
| Operating profit (loss) | 9901 | €47,032 | €61,422 | +€14,390 | +30.6% |
| Financial income | 75/76B | €1,576 | €1,891 | +€314 | +19.9% |
| Recurring financial income | 75 | €1,576 | €1,891 | +€314 | +19.9% |
| Financial charges | 65/66B | €2,302 | €1,858 | -€444 | -19.3% |
| Recurring financial charges | 65 | €2,302 | €1,858 | -€444 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €46,306 | €61,455 | +€15,149 | +32.7% |
| Income taxes | 67/77 | €10,423 | €20,814 | +€10,391 | +99.7% |
| Profit (loss) for the period | 9904 | €35,883 | €40,641 | +€4,758 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,883 | €40,641 | +€4,758 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.