NJO: what changed
Two fiscal 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.
NJO
Largest movements
- Financial fixed assets +€30,000
new in 2025: €30,000
- Tangible fixed assets -€25,414
down €25,414 (-5.6%), from €454,976 to €429,562
of which Land and buildings: -€25,479
- Cash +€22,118
up €22,118 (+166.6%), from €13,279 to €35,397
mainly Net result for the year (+€53,548) and Depreciation (+€26,663)
- Receivables within one year +€13,985
up €13,985 (+62.0%), from €22,541 to €36,525
of which Other amounts receivable: +€13,859
- Profit (loss) carried forward +€53,548
up €53,548 (+184.9%), from €28,955 to €82,503
- Debts after one year -€9,257
down €9,257 (-2.9%), from €324,584 to €315,327
- Reserves -€8,838
down €8,838 (-9.7%), from €91,486 to €82,648
- Tax, wage and social debts +€6,892
up €6,892 (+149.7%), from €4,604 to €11,496
- Depreciation -€27,720
down €27,720 (-51.0%), from €54,383 to €26,663
- Gross operating margin +€4,795
up €4,795 (+4.4%), from €109,226 to €114,021
- Financial charges +€4,448
up €4,448 (+50.9%), from €8,746 to €13,195
- Taxes +€3,998
up €3,998 (+28.9%), from €13,853 to €17,851
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 | €490,796 | €532,901 | +€42,106 | +8.6% |
| Fixed assets | 21/28 | €454,976 | €459,562 | +€4,586 | +1.0% |
| Tangible fixed assets | 22/27 | €454,976 | €429,562 | -€25,414 | -5.6% |
| Land and buildings | 22 | €447,266 | €421,787 | -€25,479 | -5.7% |
| Plant, machinery and equipment | 23 | €0 | €939 | +€939 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €5,556 | €4,930 | -€626 | -11.3% |
| Other tangible fixed assets | 26 | €2,154 | €1,906 | -€248 | -11.5% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €35,819 | €73,339 | +€37,520 | +104.7% |
| Amounts receivable within one year | 40/41 | €22,541 | €36,525 | +€13,985 | +62.0% |
| Trade receivables | 40 | €19,728 | €19,854 | +€126 | +0.6% |
| Other amounts receivable | 41 | €2,813 | €16,671 | +€13,859 | +492.7% |
| Cash at bank and in hand | 54/58 | €13,279 | €35,397 | +€22,118 | +166.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,417 | +€1,417 | |
| Total equity and liabilities | 10/49 | €490,796 | €532,901 | +€42,106 | +8.6% |
| Equity | 10/15 | €139,041 | €183,751 | +€44,709 | +32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,486 | €82,648 | -€8,838 | -9.7% |
| Distributable reserves | 133 | €91,486 | €82,648 | -€8,838 | -9.7% |
| Profit (loss) carried forward | 14 | €28,955 | €82,503 | +€53,548 | +184.9% |
| Amounts payable | 17/49 | €351,754 | €349,150 | -€2,604 | -0.7% |
| Amounts payable after more than one year | 17 | €324,584 | €315,327 | -€9,257 | -2.9% |
| Financial debts | 170/4 | €324,584 | €315,327 | -€9,257 | -2.9% |
| Amounts payable within one year | 42/48 | €27,170 | €33,823 | +€6,653 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €12,946 | €9,537 | -€3,409 | -26.3% |
| Trade debts | 44 | €2,696 | €2,284 | -€412 | -15.3% |
| Suppliers | 440/4 | €2,696 | €2,284 | -€412 | -15.3% |
| Taxes, remuneration and social security | 45 | €4,604 | €11,496 | +€6,892 | +149.7% |
| Taxes | 450/3 | €4,604 | €11,496 | +€6,892 | +149.7% |
| Other amounts payable | 47/48 | €6,924 | €10,506 | +€3,582 | +51.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,383 | €26,663 | -€27,720 | -51.0% |
| Other operating charges | 640/8 | €3,288 | €2,765 | -€523 | -15.9% |
| Gross operating margin | 9900 | €109,226 | €114,021 | +€4,795 | +4.4% |
| Operating profit (loss) | 9901 | €51,555 | €84,593 | +€33,039 | +64.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,746 | €13,195 | +€4,448 | +50.9% |
| Recurring financial charges | 65 | €8,746 | €13,195 | +€4,448 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €42,808 | €71,399 | +€28,590 | +66.8% |
| Income taxes | 67/77 | €13,853 | €17,851 | +€3,998 | +28.9% |
| Profit (loss) for the period | 9904 | €28,955 | €53,548 | +€24,592 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,955 | €53,548 | +€24,592 | +84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.