Nojaf: 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.
Nojaf
Largest movements
- Cash -€91,262
down €91,262 (-55.6%), from €164,034 to €72,772
mainly Contributions, distributions and other (-€223,514) and Trade debts (-€5,954)
- Tangible fixed assets -€3,450
down €3,450 (-39.8%), from €8,668 to €5,218
of which Furniture and vehicles: -€3,388
- Receivables within one year +€2,862
up €2,862 (+22.5%), from €12,703 to €15,565
of which Trade receivables: +€4,293
- Reserves -€155,959
no longer reported in 2025 (was €155,959)
- Other debts +€59,748
up €59,748 (+324.4%), from €18,418 to €78,166
- Tax, wage and social debts +€10,227
up €10,227 (+2448.7%), from €418 to €10,645
- Trade debts -€5,954
down €5,954 (-96.1%), from €6,194 to €240
- Gross operating margin +€18,425
up €18,425 (+25.2%), from €73,116 to €91,540
- Taxes +€3,534
up €3,534 (+24.7%), from €14,322 to €17,856
- Depreciation +€1,139
up €1,139 (+49.3%), from €2,311 to €3,450
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 | €185,989 | €94,050 | -€91,938 | -49.4% |
| Fixed assets | 21/28 | €8,668 | €5,218 | -€3,450 | -39.8% |
| Tangible fixed assets | 22/27 | €8,668 | €5,218 | -€3,450 | -39.8% |
| Plant, machinery and equipment | 23 | €63 | - | -€63 | |
| Furniture and vehicles | 24 | €8,605 | €5,218 | -€3,388 | -39.4% |
| Current assets | 29/58 | €177,321 | €88,833 | -€88,488 | -49.9% |
| Amounts receivable within one year | 40/41 | €12,703 | €15,565 | +€2,862 | +22.5% |
| Trade receivables | 40 | €10,897 | €15,190 | +€4,293 | +39.4% |
| Other amounts receivable | 41 | €1,806 | €375 | -€1,431 | -79.2% |
| Cash at bank and in hand | 54/58 | €164,034 | €72,772 | -€91,262 | -55.6% |
| Deferred charges and accrued income | 490/1 | €583 | €496 | -€87 | -15.0% |
| Total equity and liabilities | 10/49 | €185,989 | €94,050 | -€91,938 | -49.4% |
| Equity | 10/15 | €160,959 | €5,000 | -€155,959 | -96.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,959 | - | -€155,959 | |
| Distributable reserves | 133 | €155,959 | - | -€155,959 | |
| Amounts payable | 17/49 | €25,030 | €89,050 | +€64,021 | +255.8% |
| Amounts payable within one year | 42/48 | €25,030 | €89,050 | +€64,021 | +255.8% |
| Trade debts | 44 | €6,194 | €240 | -€5,954 | -96.1% |
| Suppliers | 440/4 | €6,194 | €240 | -€5,954 | -96.1% |
| Taxes, remuneration and social security | 45 | €418 | €10,645 | +€10,227 | +2448.7% |
| Taxes | 450/3 | €418 | €10,645 | +€10,227 | +2448.7% |
| Other amounts payable | 47/48 | €18,418 | €78,166 | +€59,748 | +324.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,311 | €3,450 | +€1,139 | +49.3% |
| Other operating charges | 640/8 | €1,361 | €1,083 | -€278 | -20.4% |
| Gross operating margin | 9900 | €73,116 | €91,540 | +€18,425 | +25.2% |
| Operating profit (loss) | 9901 | €69,443 | €87,007 | +€17,564 | +25.3% |
| Financial charges | 65/66B | €1,439 | €1,596 | +€157 | +10.9% |
| Recurring financial charges | 65 | €1,439 | €1,596 | +€157 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €68,004 | €85,410 | +€17,406 | +25.6% |
| Income taxes | 67/77 | €14,322 | €17,856 | +€3,534 | +24.7% |
| Profit (loss) for the period | 9904 | €53,683 | €67,555 | +€13,872 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,683 | €67,555 | +€13,872 | +25.8% |
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 8 October 2026 via checked.be.