Maître Stéphane van NUFFEL: 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.
Maître Stéphane van NUFFEL
Largest movements
- Receivables within one year +€43,600
up €43,600 (+171%), from €25,468 to €69,069
of which Trade receivables: +€42,600
- Intangible fixed assets -€23,500
down €23,500 (-11.0%), from €213,458 to €189,958
- Tangible fixed assets -€7,339
down €7,339 (-69.3%), from €10,586 to €3,247
of which Furniture and vehicles: -€7,166
- Cash +€4,459
up €4,459 (+12.0%), from €37,240 to €41,699
mainly Trade debts (+€42,455) and Depreciation (+€30,839)
- Trade debts +€42,455
up €42,455 (+104%), from €40,929 to €83,384
- Other debts -€36,426
down €36,426 (-16.1%), from €226,204 to €189,777
- Tax, wage and social debts +€9,441
up €9,441 (+66.8%), from €14,135 to €23,576
of which Taxes: +€6,319
- Gross operating margin +€7,718
up €7,718 (+8.7%), from €89,152 to €96,870
- Depreciation +€5,099
up €5,099 (+19.8%), from €25,740 to €30,839
- Staff costs +€3,911
up €3,911 (+7.1%), from €55,291 to €59,201
- Other operating charges +€2,329
up €2,329 (+601%), from €387 to €2,716
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 | €290,592 | €307,047 | +€16,455 | +5.7% |
| Fixed assets | 21/28 | €224,249 | €193,411 | -€30,839 | -13.8% |
| Intangible fixed assets | 21 | €213,458 | €189,958 | -€23,500 | -11.0% |
| Tangible fixed assets | 22/27 | €10,586 | €3,247 | -€7,339 | -69.3% |
| Furniture and vehicles | 24 | €9,014 | €1,848 | -€7,166 | -79.5% |
| Other tangible fixed assets | 26 | €1,572 | €1,399 | -€173 | -11.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €66,342 | €113,636 | +€47,294 | +71.3% |
| Amounts receivable within one year | 40/41 | €25,468 | €69,069 | +€43,600 | +171% |
| Trade receivables | 40 | €25,468 | €68,069 | +€42,600 | +167% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €37,240 | €41,699 | +€4,459 | +12.0% |
| Deferred charges and accrued income | 490/1 | €3,634 | €2,869 | -€765 | -21.1% |
| Total equity and liabilities | 10/49 | €290,592 | €307,047 | +€16,455 | +5.7% |
| Equity | 10/15 | €9,324 | €10,310 | +€986 | +10.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,324 | €5,310 | +€986 | +22.8% |
| Distributable reserves | 133 | €4,324 | €5,310 | +€986 | +22.8% |
| Amounts payable | 17/49 | €281,268 | €296,737 | +€15,470 | +5.5% |
| Amounts payable within one year | 42/48 | €281,268 | €296,737 | +€15,470 | +5.5% |
| Trade debts | 44 | €40,929 | €83,384 | +€42,455 | +104% |
| Suppliers | 440/4 | €40,929 | €83,384 | +€42,455 | +104% |
| Taxes, remuneration and social security | 45 | €14,135 | €23,576 | +€9,441 | +66.8% |
| Taxes | 450/3 | €8,100 | €14,420 | +€6,319 | +78.0% |
| Remuneration and social security | 454/9 | €6,035 | €9,156 | +€3,122 | +51.7% |
| Other amounts payable | 47/48 | €226,204 | €189,777 | -€36,426 | -16.1% |
| Remuneration, social security and pensions | 62 | €55,291 | €59,201 | +€3,911 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,740 | €30,839 | +€5,099 | +19.8% |
| Other operating charges | 640/8 | €387 | €2,716 | +€2,329 | +601% |
| Gross operating margin | 9900 | €89,152 | €96,870 | +€7,718 | +8.7% |
| Operating profit (loss) | 9901 | €7,734 | €4,114 | -€3,619 | -46.8% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €139 | €528 | +€389 | +281% |
| Recurring financial charges | 65 | €139 | €528 | +€389 | +281% |
| Profit (loss) for the period before taxes | 9903 | €7,595 | €3,598 | -€3,998 | -52.6% |
| Income taxes | 67/77 | €3,271 | €2,612 | -€659 | -20.1% |
| Profit (loss) for the period | 9904 | €4,324 | €986 | -€3,339 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,324 | €986 | -€3,339 | -77.2% |
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 17 October 2026 via checked.be.