NJD: 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.
NJD
Largest movements
- Cash +€86,656
up €86,656 (+203.8%), from €42,520 to €129,175
mainly Net result for the year (+€63,802) and Other debts (+€45,614)
- Current investments -€31,886
down €31,886 (-24.0%), from €132,886 to €101,000
- Receivables within one year -€24,613
down €24,613 (-91.4%), from €26,943 to €2,330
of which Trade receivables: -€21,474
- Other debts +€45,614
up €45,614 (+127.9%), from €35,668 to €81,282
- Debts after one year -€18,489
down €18,489 (-7.3%), from €252,951 to €234,462
- Reserves -€13,911
down €13,911 (-17.4%), from €80,086 to €66,175
- Tax, wage and social debts +€10,104
up €10,104 (+214.5%), from €4,711 to €14,815
- Gross operating margin +€10,446
up €10,446 (+12.2%), from €85,613 to €96,058
- Depreciation -€4,145
down €4,145 (-50.4%), from €8,221 to €4,076
- Taxes +€3,660
up €3,660 (+24.7%), from €14,797 to €18,457
- Financial income +€2,728
up €2,728 (+314.1%), from €869 to €3,597
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 | €395,622 | €422,971 | +€27,349 | +6.9% |
| Fixed assets | 21/28 | €189,423 | €185,348 | -€4,076 | -2.2% |
| Tangible fixed assets | 22/27 | €189,423 | €185,348 | -€4,076 | -2.2% |
| Land and buildings | 22 | €136,400 | €135,238 | -€1,163 | -0.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €53,023 | €50,110 | -€2,913 | -5.5% |
| Current assets | 29/58 | €206,198 | €237,623 | +€31,424 | +15.2% |
| Amounts receivable within one year | 40/41 | €26,943 | €2,330 | -€24,613 | -91.4% |
| Trade receivables | 40 | €21,474 | €0 | -€21,474 | -100.0% |
| Other amounts receivable | 41 | €5,469 | €2,330 | -€3,139 | -57.4% |
| Current investments | 50/53 | €132,886 | €101,000 | -€31,886 | -24.0% |
| Cash at bank and in hand | 54/58 | €42,520 | €129,175 | +€86,656 | +203.8% |
| Deferred charges and accrued income | 490/1 | €3,850 | €5,118 | +€1,268 | +32.9% |
| Total equity and liabilities | 10/49 | €395,622 | €422,971 | +€27,349 | +6.9% |
| Equity | 10/15 | €83,086 | €69,175 | -€13,911 | -16.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,086 | €66,175 | -€13,911 | -17.4% |
| Distributable reserves | 133 | €80,086 | €66,175 | -€13,911 | -17.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €312,536 | €353,796 | +€41,260 | +13.2% |
| Amounts payable after more than one year | 17 | €252,951 | €234,462 | -€18,489 | -7.3% |
| Financial debts | 170/4 | €252,951 | €234,462 | -€18,489 | -7.3% |
| Amounts payable within one year | 42/48 | €59,378 | €119,250 | +€59,872 | +100.8% |
| Current portion of amounts payable after more than one year | 42 | €17,745 | €18,489 | +€744 | +4.2% |
| Trade debts | 44 | €1,253 | €4,664 | +€3,410 | +272.1% |
| Suppliers | 440/4 | €1,253 | €4,664 | +€3,410 | +272.1% |
| Taxes, remuneration and social security | 45 | €4,711 | €14,815 | +€10,104 | +214.5% |
| Taxes | 450/3 | €4,711 | €14,815 | +€10,104 | +214.5% |
| Other amounts payable | 47/48 | €35,668 | €81,282 | +€45,614 | +127.9% |
| Accrued charges and deferred income | 492/3 | €207 | €85 | -€123 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,221 | €4,076 | -€4,145 | -50.4% |
| Other operating charges | 640/8 | €2,098 | €2,370 | +€271 | +12.9% |
| Non-recurring operating charges | 66A | €6,524 | €0 | -€6,524 | -100.0% |
| Gross operating margin | 9900 | €85,613 | €96,058 | +€10,446 | +12.2% |
| Operating profit (loss) | 9901 | €68,769 | €89,613 | +€20,844 | +30.3% |
| Financial income | 75/76B | €869 | €3,597 | +€2,728 | +314.1% |
| Recurring financial income | 75 | €869 | €3,597 | +€2,728 | +314.1% |
| Financial charges | 65/66B | €10,929 | €10,951 | +€21 | +0.2% |
| Recurring financial charges | 65 | €10,929 | €10,951 | +€21 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €58,709 | €82,259 | +€23,551 | +40.1% |
| Income taxes | 67/77 | €14,797 | €18,457 | +€3,660 | +24.7% |
| Profit (loss) for the period | 9904 | €43,911 | €63,802 | +€19,891 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,911 | €63,802 | +€19,891 | +45.3% |
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 10 October 2026 via checked.be.