Dr. van Nunen An: what changed
Dr. van Nunen An
Largest movements
- Receivables after one year -€17,200
down €17,200 (-81.8%), from €21,021 to €3,821
- Cash +€15,770
up €15,770 (+27.5%), from €57,292 to €73,061
mainly Receivables after one year (+€17,200) and Receivables within one year (+€7,513)
- Receivables within one year -€7,513
down €7,513 (-100%), from €7,513 to €0
- Tangible fixed assets -€7,377
down €7,377 (-10.1%), from €72,770 to €65,392
of which Land and buildings: -€7,308
- Current investments +€6,129
up €6,129 (+53.1%), from €11,541 to €17,670
- Profit (loss) carried forward -€8,237
down €8,237 (-157%), from -€5,255 to -€13,492
- Financial charges +€57,457
up €57,457 (+20,914%), from €275 to €57,731
- Gross operating margin +€50,229
up €50,229 (+1,800%), from €2,791 to €53,020
- Taxes -€4,099
down €4,099, from €330 to -€3,770
- Depreciation -€688
down €688 (-8.5%), from €8,066 to €7,377
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,861 | €163,936 | -€7,926 | -4.6% |
| Fixed assets | 21/28 | €72,770 | €65,392 | -€7,377 | -10.1% |
| Tangible fixed assets | 22/27 | €72,770 | €65,392 | -€7,377 | -10.1% |
| Land and buildings | 22 | €72,701 | €65,392 | -€7,308 | -10.1% |
| Furniture and vehicles | 24 | €69 | €0 | -€69 | -100% |
| Current assets | 29/58 | €99,092 | €98,543 | -€548 | -0.6% |
| Amounts receivable after more than one year | 29 | €21,021 | €3,821 | -€17,200 | -81.8% |
| Other amounts receivable | 291 | €21,021 | €3,821 | -€17,200 | -81.8% |
| Amounts receivable within one year | 40/41 | €7,513 | €0 | -€7,513 | -100% |
| Other amounts receivable | 41 | €7,513 | €0 | -€7,513 | -100% |
| Current investments | 50/53 | €11,541 | €17,670 | +€6,129 | +53.1% |
| Cash at bank and in hand | 54/58 | €57,292 | €73,061 | +€15,770 | +27.5% |
| Deferred charges and accrued income | 490/1 | €1,725 | €3,991 | +€2,266 | +131% |
| Total equity and liabilities | 10/49 | €171,861 | €163,936 | -€7,926 | -4.6% |
| Equity | 10/15 | €171,532 | €163,295 | -€8,237 | -4.8% |
| Contributions | 10/11 | €12,424 | €12,424 | = | 0.0% |
| Reserves | 13 | €164,363 | €164,363 | = | 0.0% |
| Distributable reserves | 133 | €164,363 | €164,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,255 | -€13,492 | -€8,237 | -157% |
| Amounts payable | 17/49 | €330 | €641 | +€311 | +94.2% |
| Amounts payable within one year | 42/48 | €330 | €641 | +€311 | +94.2% |
| Trade debts | 44 | €0 | €220 | +€220 | |
| Suppliers | 440/4 | €0 | €220 | +€220 | |
| Taxes, remuneration and social security | 45 | €330 | €421 | +€91 | +27.6% |
| Taxes | 450/3 | €330 | €421 | +€91 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,066 | €7,377 | -€688 | -8.5% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | €2,791 | €53,020 | +€50,229 | +1,800% |
| Operating profit (loss) | 9901 | -€5,980 | €44,923 | +€50,903 | |
| Financial income | 75/76B | €1,329 | €802 | -€527 | -39.6% |
| Recurring financial income | 75 | €1,329 | €802 | -€527 | -39.6% |
| Financial charges | 65/66B | €275 | €57,731 | +€57,457 | +20,914% |
| Recurring financial charges | 65 | €275 | €57,731 | +€57,457 | +20,914% |
| Profit (loss) for the period before taxes | 9903 | -€4,925 | -€12,006 | -€7,081 | -144% |
| Income taxes | 67/77 | €330 | -€3,770 | -€4,099 | |
| Profit (loss) for the period | 9904 | -€5,255 | -€8,237 | -€2,981 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,255 | -€8,237 | -€2,981 | -56.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.