Nourjam: 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.
Nourjam
Largest movements
- Tangible fixed assets -€15,488
down €15,488 (-35.5%), from €43,602 to €28,115
of which Leasing and similar rights: -€10,670
- Cash +€13,734
up €13,734 (+136%), from €10,125 to €23,859
mainly Other debts (+€46,497) and Depreciation (+€14,759)
- Deferred charges and accrued income +€6,779
up €6,779 (+433%), from €1,565 to €8,344
- Receivables within one year +€3,645
up €3,645 (+29.1%), from €12,509 to €16,154
of which Trade receivables: +€4,269
- Other debts +€46,497
up €46,497 (+1,901%), from €2,446 to €48,943
- Profit (loss) carried forward -€34,248
no longer reported in 2025 (was €34,248)
- Debts after one year -€10,182
down €10,182 (-54.3%), from €18,767 to €8,585
- Trade debts +€3,440
up €3,440 (+341%), from €1,008 to €4,448
- Tax, wage and social debts +€2,823
up €2,823 (+285%), from €989 to €3,812
- Gross operating margin +€12,145
up €12,145 (+50.7%), from €23,948 to €36,093
- Taxes +€2,045
up €2,045 (+69.0%), from €2,965 to €5,010
- Depreciation +€1,087
up €1,087 (+7.9%), from €13,672 to €14,759
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 | €67,800 | €76,471 | +€8,671 | +12.8% |
| Fixed assets | 21/28 | €43,602 | €28,115 | -€15,488 | -35.5% |
| Tangible fixed assets | 22/27 | €43,602 | €28,115 | -€15,488 | -35.5% |
| Plant, machinery and equipment | 23 | €9,921 | €7,227 | -€2,694 | -27.2% |
| Furniture and vehicles | 24 | €5,803 | €3,679 | -€2,124 | -36.6% |
| Leasing and similar rights | 25 | €27,878 | €17,208 | -€10,670 | -38.3% |
| Current assets | 29/58 | €24,198 | €48,356 | +€24,158 | +99.8% |
| Amounts receivable within one year | 40/41 | €12,509 | €16,154 | +€3,645 | +29.1% |
| Trade receivables | 40 | €11,077 | €15,346 | +€4,269 | +38.5% |
| Other amounts receivable | 41 | €1,432 | €808 | -€624 | -43.6% |
| Cash at bank and in hand | 54/58 | €10,125 | €23,859 | +€13,734 | +136% |
| Deferred charges and accrued income | 490/1 | €1,565 | €8,344 | +€6,779 | +433% |
| Total equity and liabilities | 10/49 | €67,800 | €76,471 | +€8,671 | +12.8% |
| Equity | 10/15 | €34,748 | €500 | -€34,248 | -98.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,248 | - | -€34,248 | |
| Amounts payable | 17/49 | €33,053 | €75,971 | +€42,918 | +130% |
| Amounts payable after more than one year | 17 | €18,767 | €8,585 | -€10,182 | -54.3% |
| Financial debts | 170/4 | €18,767 | €8,585 | -€10,182 | -54.3% |
| Amounts payable within one year | 42/48 | €14,286 | €67,386 | +€53,100 | +372% |
| Current portion of amounts payable after more than one year | 42 | €9,842 | €10,182 | +€340 | +3.5% |
| Trade debts | 44 | €1,008 | €4,448 | +€3,440 | +341% |
| Suppliers | 440/4 | €1,008 | €4,448 | +€3,440 | +341% |
| Taxes, remuneration and social security | 45 | €989 | €3,812 | +€2,823 | +285% |
| Taxes | 450/3 | €989 | €3,812 | +€2,823 | +285% |
| Other amounts payable | 47/48 | €2,446 | €48,943 | +€46,497 | +1,901% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,672 | €14,759 | +€1,087 | +7.9% |
| Other operating charges | 640/8 | €1,367 | €1,694 | +€328 | +24.0% |
| Non-recurring operating charges | 66A | - | €729 | +€729 | |
| Gross operating margin | 9900 | €23,948 | €36,093 | +€12,145 | +50.7% |
| Operating profit (loss) | 9901 | €8,910 | €18,911 | +€10,002 | +112% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.8% |
| Financial charges | 65/66B | €1,282 | €971 | -€311 | -24.2% |
| Recurring financial charges | 65 | €1,282 | €971 | -€311 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €7,628 | €17,940 | +€10,312 | +135% |
| Income taxes | 67/77 | €2,965 | €5,010 | +€2,045 | +69.0% |
| Profit (loss) for the period | 9904 | €4,663 | €12,930 | +€8,267 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €4,663 | €12,930 | +€8,267 | +177% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.