NNJ: 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.
NNJ
Largest movements
- Receivables within one year +€2.5m
up €2.5m (+63.8%), from €4.0m to €6.5m
- Receivables after one year +€1.2m
up €1.2m (+13.1%), from €9.0m to €10.2m
- Reserves +€3.8m
up €3.8m (+16.7%), from €22.8m to €26.5m
of which Distributable reserves: +€3.8m
- Financial income +€2.5m
up €2.5m (+204%), from €1.2m to €3.8m
- Gross operating margin -€19,140
down €19,140 (-14.7%), from €130,052 to €110,912
- Taxes +€5,628
up €5,628 (+6.0%), from €93,743 to €99,371
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 | €35,481,249 | €39,216,098 | +€3.7m | +10.5% |
| Fixed assets | 21/28 | €22,484,515 | €22,484,515 | = | 0.0% |
| Financial fixed assets | 28 | €22,484,515 | €22,484,515 | = | 0.0% |
| Current assets | 29/58 | €12,996,734 | €16,731,584 | +€3.7m | +28.7% |
| Amounts receivable after more than one year | 29 | €9,000,000 | €10,180,000 | +€1.2m | +13.1% |
| Other amounts receivable | 291 | €9,000,000 | €10,180,000 | +€1.2m | +13.1% |
| Amounts receivable within one year | 40/41 | €3,993,912 | €6,541,500 | +€2.5m | +63.8% |
| Other amounts receivable | 41 | €3,993,912 | €6,541,500 | +€2.5m | +63.8% |
| Cash at bank and in hand | 54/58 | €2,822 | €10,084 | +€7,261 | +257% |
| Total equity and liabilities | 10/49 | €35,481,249 | €39,216,098 | +€3.7m | +10.5% |
| Equity | 10/15 | €35,405,689 | €39,203,803 | +€3.8m | +10.7% |
| Contributions | 10/11 | €12,655,070 | €12,655,070 | = | 0.0% |
| Capital | 10 | €12,655,070 | €12,655,070 | = | 0.0% |
| Issued capital | 100 | €12,655,070 | €12,655,070 | = | 0.0% |
| Reserves | 13 | €22,750,507 | €26,548,507 | +€3.8m | +16.7% |
| Non-distributable reserves | 130/1 | €1,265,507 | €1,265,507 | = | 0.0% |
| Legal reserve | 130 | €1,265,507 | €1,265,507 | = | 0.0% |
| Distributable reserves | 133 | €21,485,000 | €25,283,000 | +€3.8m | +17.7% |
| Profit (loss) carried forward | 14 | €112 | €226 | +€114 | +102% |
| Amounts payable | 17/49 | €75,560 | €12,296 | -€63,264 | -83.7% |
| Amounts payable within one year | 42/48 | €74,475 | €11,206 | -€63,269 | -85.0% |
| Trade debts | 44 | €1,788 | €1,901 | +€114 | +6.4% |
| Suppliers | 440/4 | €1,788 | €1,901 | +€114 | +6.4% |
| Taxes, remuneration and social security | 45 | €66,623 | €7,665 | -€58,958 | -88.5% |
| Taxes | 450/3 | €66,623 | €7,665 | -€58,958 | -88.5% |
| Other amounts payable | 47/48 | €6,064 | €1,640 | -€4,424 | -73.0% |
| Accrued charges and deferred income | 492/3 | €1,085 | €1,089 | +€4 | +0.4% |
| Other operating charges | 640/8 | €216 | €219 | +€4 | +1.7% |
| Gross operating margin | 9900 | €130,052 | €110,912 | -€19,140 | -14.7% |
| Operating profit (loss) | 9901 | €129,837 | €110,693 | -€19,144 | -14.7% |
| Financial income | 75/76B | €1,245,174 | €3,786,817 | +€2.5m | +204% |
| Recurring financial income | 75 | €1,245,174 | €3,786,817 | +€2.5m | +204% |
| Financial charges | 65/66B | €37 | €25 | -€12 | -31.7% |
| Recurring financial charges | 65 | €37 | €25 | -€12 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €1,374,973 | €3,897,485 | +€2.5m | +183% |
| Income taxes | 67/77 | €93,743 | €99,371 | +€5,628 | +6.0% |
| Profit (loss) for the period | 9904 | €1,281,230 | €3,798,114 | +€2.5m | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €1,281,230 | €3,798,114 | +€2.5m | +196% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.