NOJARO: 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.
NOJARO
Largest movements
- Cash -€40,053
down €40,053 (-46.5%), from €86,076 to €46,022
mainly Contributions, distributions and other (-€78,036) and Receivables within one year (-€25,758)
- Receivables within one year +€25,758
up €25,758 (+163.1%), from €15,791 to €41,548
of which Trade receivables: +€23,686
- Tangible fixed assets -€2,514
down €2,514 (-38.8%), from €6,473 to €3,960
of which Furniture and vehicles: -€1,494
- Tax, wage and social debts -€17,840
down €17,840 (-55.5%), from €32,170 to €14,330
- Other debts +€1,154
up €1,154 (+1.5%), from €76,883 to €78,036
- Gross operating margin +€1,250
up €1,250 (+1.2%), from €100,553 to €101,803
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 | €110,827 | €93,889 | -€16,937 | -15.3% |
| Fixed assets | 21/28 | €6,473 | €3,960 | -€2,514 | -38.8% |
| Tangible fixed assets | 22/27 | €6,473 | €3,960 | -€2,514 | -38.8% |
| Plant, machinery and equipment | 23 | €4,354 | €3,334 | -€1,020 | -23.4% |
| Furniture and vehicles | 24 | €2,119 | €625 | -€1,494 | -70.5% |
| Current assets | 29/58 | €104,353 | €89,930 | -€14,423 | -13.8% |
| Amounts receivable within one year | 40/41 | €15,791 | €41,548 | +€25,758 | +163.1% |
| Trade receivables | 40 | €15,791 | €39,476 | +€23,686 | +150.0% |
| Other amounts receivable | 41 | - | €2,072 | +€2,072 | |
| Cash at bank and in hand | 54/58 | €86,076 | €46,022 | -€40,053 | -46.5% |
| Deferred charges and accrued income | 490/1 | €2,487 | €2,359 | -€128 | -5.1% |
| Total equity and liabilities | 10/49 | €110,827 | €93,889 | -€16,937 | -15.3% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €110,727 | €93,789 | -€16,937 | -15.3% |
| Amounts payable within one year | 42/48 | €110,727 | €93,789 | -€16,937 | -15.3% |
| Trade debts | 44 | €1,674 | €1,423 | -€251 | -15.0% |
| Suppliers | 440/4 | €1,674 | €1,423 | -€251 | -15.0% |
| Taxes, remuneration and social security | 45 | €32,170 | €14,330 | -€17,840 | -55.5% |
| Taxes | 450/3 | €32,170 | €14,330 | -€17,840 | -55.5% |
| Other amounts payable | 47/48 | €76,883 | €78,036 | +€1,154 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,677 | €2,514 | -€163 | -6.1% |
| Other operating charges | 640/8 | €762 | €514 | -€248 | -32.5% |
| Gross operating margin | 9900 | €100,553 | €101,803 | +€1,250 | +1.2% |
| Operating profit (loss) | 9901 | €97,114 | €98,775 | +€1,661 | +1.7% |
| Financial income | 75/76B | €50 | €50 | +€0 | +0.3% |
| Recurring financial income | 75 | €50 | €50 | +€0 | +0.3% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €97,110 | €98,770 | +€1,660 | +1.7% |
| Income taxes | 67/77 | €20,234 | €20,733 | +€500 | +2.5% |
| Profit (loss) for the period | 9904 | €76,876 | €78,036 | +€1,160 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,876 | €78,036 | +€1,160 | +1.5% |
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.