NJDG: 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.
NJDG
Largest movements
- Current investments +€61,114
up €61,114 (+11.5%), from €531,633 to €592,747
- Tangible fixed assets +€17,216
up €17,216 (+12.0%), from €144,027 to €161,242
of which Furniture and vehicles: +€34,000
- Cash -€10,849
down €10,849 (-9.0%), from €121,116 to €110,267
mainly Contributions, distributions and other (-€113,536) and Current investments (-€61,114)
- Other debts +€60,237
up €60,237 (+33.5%), from €180,064 to €240,301
- Reserves +€34,790
up €34,790 (+6.9%), from €507,760 to €542,550
- Debts after one year -€13,248
down €13,248 (-10.7%), from €123,688 to €110,440
- Current portion of long-term debt -€10,135
down €10,135 (-43.3%), from €23,383 to €13,248
- Gross operating margin +€16,645
up €16,645 (+7.4%), from €225,000 to €241,645
- Financial income +€7,879
up €7,879 (+109%), from €7,243 to €15,122
- Taxes +€5,412
up €5,412 (+8.3%), from €65,450 to €70,861
- Depreciation +€5,250
up €5,250 (+31.2%), from €16,803 to €22,053
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 | €906,928 | €970,649 | +€63,721 | +7.0% |
| Fixed assets | 21/28 | €149,027 | €166,242 | +€17,216 | +11.6% |
| Tangible fixed assets | 22/27 | €144,027 | €161,242 | +€17,216 | +12.0% |
| Plant, machinery and equipment | 23 | €400 | €16 | -€384 | -96.1% |
| Furniture and vehicles | 24 | €680 | €34,679 | +€34,000 | +5,002% |
| Leasing and similar rights | 25 | €142,947 | €126,547 | -€16,400 | -11.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €757,902 | €804,407 | +€46,505 | +6.1% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Trade receivables | 290 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,293 | €90,098 | -€4,195 | -4.4% |
| Trade receivables | 40 | €68 | €219 | +€151 | +223% |
| Other amounts receivable | 41 | €94,225 | €89,879 | -€4,346 | -4.6% |
| Current investments | 50/53 | €531,633 | €592,747 | +€61,114 | +11.5% |
| Cash at bank and in hand | 54/58 | €121,116 | €110,267 | -€10,849 | -9.0% |
| Deferred charges and accrued income | 490/1 | €5,859 | €6,294 | +€434 | +7.4% |
| Total equity and liabilities | 10/49 | €906,928 | €970,649 | +€63,721 | +7.0% |
| Equity | 10/15 | €520,160 | €554,950 | +€34,790 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €507,760 | €542,550 | +€34,790 | +6.9% |
| Distributable reserves | 133 | €507,760 | €542,550 | +€34,790 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €386,768 | €415,699 | +€28,931 | +7.5% |
| Amounts payable after more than one year | 17 | €123,688 | €110,440 | -€13,248 | -10.7% |
| Financial debts | 170/4 | €123,688 | €110,440 | -€13,248 | -10.7% |
| Amounts payable within one year | 42/48 | €253,104 | €295,745 | +€42,640 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €23,383 | €13,248 | -€10,135 | -43.3% |
| Trade debts | 44 | €931 | €236 | -€695 | -74.6% |
| Suppliers | 440/4 | €931 | €236 | -€695 | -74.6% |
| Taxes, remuneration and social security | 45 | €48,726 | €41,959 | -€6,767 | -13.9% |
| Taxes | 450/3 | €46,726 | €41,959 | -€4,767 | -10.2% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €180,064 | €240,301 | +€60,237 | +33.5% |
| Accrued charges and deferred income | 492/3 | €9,976 | €9,515 | -€461 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,803 | €22,053 | +€5,250 | +31.2% |
| Other operating charges | 640/8 | €2,084 | €2,334 | +€249 | +12.0% |
| Gross operating margin | 9900 | €225,000 | €241,645 | +€16,645 | +7.4% |
| Operating profit (loss) | 9901 | €206,113 | €217,258 | +€11,146 | +5.4% |
| Financial income | 75/76B | €7,243 | €15,122 | +€7,879 | +109% |
| Recurring financial income | 75 | €7,243 | €15,122 | +€7,879 | +109% |
| Financial charges | 65/66B | €14,393 | €13,194 | -€1,199 | -8.3% |
| Recurring financial charges | 65 | €14,393 | €13,194 | -€1,199 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €198,963 | €219,187 | +€20,224 | +10.2% |
| Income taxes | 67/77 | €65,450 | €70,861 | +€5,412 | +8.3% |
| Profit (loss) for the period | 9904 | €133,514 | €148,325 | +€14,812 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,514 | €148,325 | +€14,812 | +11.1% |
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 13 October 2026 via checked.be.