De Proft - Nerinckx: 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.
De Proft - Nerinckx
Largest movements
- Cash +€133,416
up €133,416 (+295%), from €45,158 to €178,574
mainly Net result for the year (+€196,670) and Depreciation (+€41,176)
- Deferred charges and accrued income +€40,972
up €40,972, from €0 to €40,972
- Tangible fixed assets -€39,869
down €39,869 (-7.9%), from €506,636 to €466,767
of which Furniture and vehicles: -€20,353
- Reserves +€196,670
up €196,670 (+71.6%), from €274,667 to €471,338
of which Distributable reserves: +€196,670
- Debts after one year -€56,437
down €56,437 (-24.6%), from €229,508 to €173,071
- Other debts -€7,676
down €7,676 (-78.8%), from €9,745 to €2,069
- Gross operating margin +€273,770
up €273,770 (+417%), from €65,600 to €339,369
- Taxes +€77,718
up €77,718 (+708%), from €10,981 to €88,700
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 | €568,506 | €702,210 | +€133,704 | +23.5% |
| Fixed assets | 21/28 | €506,636 | €466,767 | -€39,869 | -7.9% |
| Tangible fixed assets | 22/27 | €506,636 | €466,767 | -€39,869 | -7.9% |
| Land and buildings | 22 | €457,774 | €437,661 | -€20,113 | -4.4% |
| Plant, machinery and equipment | 23 | €661 | €1,258 | +€596 | +90.2% |
| Furniture and vehicles | 24 | €48,201 | €27,848 | -€20,353 | -42.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €61,870 | €235,443 | +€173,573 | +281% |
| Amounts receivable within one year | 40/41 | €16,712 | €15,898 | -€815 | -4.9% |
| Trade receivables | 40 | €2,900 | €3,400 | +€500 | +17.2% |
| Other amounts receivable | 41 | €13,812 | €12,498 | -€1,315 | -9.5% |
| Cash at bank and in hand | 54/58 | €45,158 | €178,574 | +€133,416 | +295% |
| Deferred charges and accrued income | 490/1 | €0 | €40,972 | +€40,972 | |
| Total equity and liabilities | 10/49 | €568,506 | €702,210 | +€133,704 | +23.5% |
| Equity | 10/15 | €293,267 | €489,938 | +€196,670 | +67.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,667 | €471,338 | +€196,670 | +71.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €274,667 | €471,338 | +€196,670 | +71.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €275,239 | €212,272 | -€62,967 | -22.9% |
| Amounts payable after more than one year | 17 | €229,508 | €173,071 | -€56,437 | -24.6% |
| Financial debts | 170/4 | €229,508 | €173,071 | -€56,437 | -24.6% |
| Amounts payable within one year | 42/48 | €45,731 | €39,201 | -€6,530 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €34,813 | €35,158 | +€344 | +1.0% |
| Trade debts | 44 | €0 | €839 | +€839 | |
| Suppliers | 440/4 | €0 | €839 | +€839 | |
| Taxes, remuneration and social security | 45 | €1,172 | €1,136 | -€37 | -3.1% |
| Taxes | 450/3 | €1,155 | €1,136 | -€20 | -1.7% |
| Remuneration and social security | 454/9 | €17 | €0 | -€17 | -100% |
| Other amounts payable | 47/48 | €9,745 | €2,069 | -€7,676 | -78.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €295,000 | +€295,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,554 | €41,176 | -€377 | -0.9% |
| Other operating charges | 640/8 | €1,834 | €2,402 | +€568 | +31.0% |
| Gross operating margin | 9900 | €65,600 | €339,369 | +€273,770 | +417% |
| Operating profit (loss) | 9901 | €22,212 | €295,791 | +€273,579 | +1,232% |
| Financial income | 75/76B | €153 | €430 | +€277 | +181% |
| Recurring financial income | 75 | €153 | €430 | +€277 | +181% |
| Financial charges | 65/66B | €11,142 | €10,852 | -€290 | -2.6% |
| Recurring financial charges | 65 | €11,142 | €10,852 | -€290 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €11,224 | €285,370 | +€274,146 | +2,443% |
| Income taxes | 67/77 | €10,981 | €88,700 | +€77,718 | +708% |
| Profit (loss) for the period | 9904 | €242 | €196,670 | +€196,428 | +81,128% |
| Profit (loss) for the period to be appropriated | 9905 | €242 | €196,670 | +€196,428 | +81,128% |
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 28 October 2026 via checked.be.