Nancy Van de Voorde: 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.
Nancy Van de Voorde
Largest movements
- Current investments +€130,000
up €130,000 (+79.8%), from €163,000 to €293,000
- Cash +€45,269
up €45,269 (+94.8%), from €47,767 to €93,036
mainly Net result for the year (+€130,711) and Tax, wage and social debts (+€44,974)
- Reserves +€130,711
up €130,711 (+92.7%), from €141,011 to €271,722
- Tax, wage and social debts +€44,974
up €44,974 (+82.9%), from €54,282 to €99,256
- Gross operating margin +€17,279
up €17,279 (+11.4%), from €151,052 to €168,331
- Taxes +€5,061
up €5,061 (+15.2%), from €33,238 to €38,299
- Financial income +€2,423
up €2,423 (+266%), from €912 to €3,335
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 | €210,767 | €387,730 | +€176,963 | +84.0% |
| Fixed assets | 21/28 | - | €964 | +€964 | |
| Tangible fixed assets | 22/27 | - | €964 | +€964 | |
| Furniture and vehicles | 24 | - | €964 | +€964 | |
| Current assets | 29/58 | €210,767 | €386,765 | +€175,998 | +83.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €163,000 | €293,000 | +€130,000 | +79.8% |
| Cash at bank and in hand | 54/58 | €47,767 | €93,036 | +€45,269 | +94.8% |
| Deferred charges and accrued income | 490/1 | - | €729 | +€729 | |
| Total equity and liabilities | 10/49 | €210,767 | €387,730 | +€176,963 | +84.0% |
| Equity | 10/15 | €151,011 | €281,722 | +€130,711 | +86.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €141,011 | €271,722 | +€130,711 | +92.7% |
| Distributable reserves | 133 | €141,011 | €271,722 | +€130,711 | +92.7% |
| Amounts payable | 17/49 | €59,757 | €106,008 | +€46,251 | +77.4% |
| Amounts payable within one year | 42/48 | €58,507 | €104,758 | +€46,251 | +79.1% |
| Trade debts | 44 | €0 | €1,060 | +€1,060 | |
| Suppliers | 440/4 | €0 | €1,060 | +€1,060 | |
| Taxes, remuneration and social security | 45 | €54,282 | €99,256 | +€44,974 | +82.9% |
| Taxes | 450/3 | €54,282 | €99,256 | +€44,974 | +82.9% |
| Other amounts payable | 47/48 | €4,225 | €4,442 | +€218 | +5.2% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €84 | +€84 | |
| Other operating charges | 640/8 | €528 | €811 | +€283 | +53.6% |
| Gross operating margin | 9900 | €151,052 | €168,331 | +€17,279 | +11.4% |
| Operating profit (loss) | 9901 | €150,524 | €167,436 | +€16,912 | +11.2% |
| Financial income | 75/76B | €912 | €3,335 | +€2,423 | +266% |
| Recurring financial income | 75 | €912 | €3,335 | +€2,423 | +266% |
| Financial charges | 65/66B | €1,533 | €1,761 | +€228 | +14.9% |
| Recurring financial charges | 65 | €1,533 | €1,761 | +€228 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €149,903 | €169,010 | +€19,107 | +12.7% |
| Income taxes | 67/77 | €33,238 | €38,299 | +€5,061 | +15.2% |
| Profit (loss) for the period | 9904 | €116,665 | €130,711 | +€14,046 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,665 | €130,711 | +€14,046 | +12.0% |
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.