NJM PARTNERS: what changed
NJM PARTNERS
Largest movements
- Receivables within one year +€76,022
up €76,022 (+184%), from €41,212 to €117,234
of which Other amounts receivable: +€56,085
- Receivables after one year -€73,992
no longer reported in 2025 (was €73,992)
- Tangible fixed assets -€27,018
down €27,018 (-89.3%), from €30,250 to €3,232
of which Other tangible fixed assets: -€24,364
- Stocks and contracts -€7,889
down €7,889 (-17.2%), from €45,784 to €37,895
- Deferred charges and accrued income -€2,770
down €2,770 (-42.4%), from €6,538 to €3,768
- Other debts +€87,256
new in 2025: €87,256
- Reserves -€80,601
down €80,601 (-92.1%), from €87,504 to €6,903
- Short-term financial debts -€15,400
down €15,400 (-30.8%), from €50,000 to €34,600
- Tax, wage and social debts -€12,742
down €12,742 (-48.9%), from €26,034 to €13,292
of which Taxes: -€13,942
- Trade debts -€12,636
down €12,636 (-61.9%), from €20,407 to €7,771
- Gross operating margin +€18,401
up €18,401 (+114%), from €16,190 to €34,591
- Taxes +€3,589
up €3,589 (+255%), from €1,408 to €4,997
- Depreciation -€2,647
down €2,647 (-49.9%), from €5,301 to €2,654
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 | €199,511 | €168,414 | -€31,097 | -15.6% |
| Fixed assets | 21/28 | €30,299 | €5,921 | -€24,378 | -80.5% |
| Tangible fixed assets | 22/27 | €30,250 | €3,232 | -€27,018 | -89.3% |
| Furniture and vehicles | 24 | €5,886 | €3,232 | -€2,654 | -45.1% |
| Other tangible fixed assets | 26 | €24,364 | - | -€24,364 | |
| Financial fixed assets | 28 | €49 | €2,689 | +€2,640 | +5,354% |
| Current assets | 29/58 | €169,212 | €162,493 | -€6,719 | -4.0% |
| Amounts receivable after more than one year | 29 | €73,992 | - | -€73,992 | |
| Other amounts receivable | 291 | €73,992 | - | -€73,992 | |
| Stocks and contracts in progress | 3 | €45,784 | €37,895 | -€7,889 | -17.2% |
| Stocks | 30/36 | €45,784 | €37,895 | -€7,889 | -17.2% |
| Amounts receivable within one year | 40/41 | €41,212 | €117,234 | +€76,022 | +184% |
| Trade receivables | 40 | €5,064 | €25,002 | +€19,938 | +394% |
| Other amounts receivable | 41 | €36,147 | €92,232 | +€56,085 | +155% |
| Cash at bank and in hand | 54/58 | €1,686 | €3,596 | +€1,910 | +113% |
| Deferred charges and accrued income | 490/1 | €6,538 | €3,768 | -€2,770 | -42.4% |
| Total equity and liabilities | 10/49 | €199,511 | €168,414 | -€31,097 | -15.6% |
| Equity | 10/15 | €103,071 | €25,495 | -€77,576 | -75.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €87,504 | €6,903 | -€80,601 | -92.1% |
| Distributable reserves | 133 | €87,504 | €6,903 | -€80,601 | -92.1% |
| Profit (loss) carried forward | 14 | -€3,025 | - | +€3,025 | |
| Amounts payable | 17/49 | €96,440 | €142,919 | +€46,479 | +48.2% |
| Amounts payable within one year | 42/48 | €96,440 | €142,919 | +€46,479 | +48.2% |
| Financial debts | 43 | €50,000 | €34,600 | -€15,400 | -30.8% |
| Credit institutions | 430/8 | €50,000 | €34,600 | -€15,400 | -30.8% |
| Trade debts | 44 | €20,407 | €7,771 | -€12,636 | -61.9% |
| Suppliers | 440/4 | €20,407 | €7,771 | -€12,636 | -61.9% |
| Taxes, remuneration and social security | 45 | €26,034 | €13,292 | -€12,742 | -48.9% |
| Taxes | 450/3 | €23,634 | €9,692 | -€13,942 | -59.0% |
| Remuneration and social security | 454/9 | €2,400 | €3,600 | +€1,200 | +50.0% |
| Other amounts payable | 47/48 | - | €87,256 | +€87,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,301 | €2,654 | -€2,647 | -49.9% |
| Other operating charges | 640/8 | €2,938 | €2,759 | -€179 | -6.1% |
| Non-recurring operating charges | 66A | - | €6,448 | +€6,448 | |
| Gross operating margin | 9900 | €16,190 | €34,591 | +€18,401 | +114% |
| Operating profit (loss) | 9901 | €7,951 | €22,731 | +€14,779 | +186% |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | - | -€76 | |
| Financial charges | 65/66B | €7,822 | €8,054 | +€232 | +3.0% |
| Recurring financial charges | 65 | €7,822 | €8,054 | +€232 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €205 | €14,677 | +€14,472 | +7,061% |
| Income taxes | 67/77 | €1,408 | €4,997 | +€3,589 | +255% |
| Profit (loss) for the period | 9904 | -€1,203 | €9,680 | +€10,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,203 | €9,680 | +€10,883 |
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 3 November 2026 via checked.be.