NIFRA - VAN CAMP: what changed
What changed
NIFRA - VAN CAMP
NACE 52.100, Warehousing and storage
filed annual accounts (NBB)
Net result for the year
-€263,661
2024 · -€74,650-€189,010
Equity
€198,717
2024 · €462,378-€263,661
Cash
€198,863
2024 · €70,538+€128,324
Balance sheet total
€341,600
2024 · €993,785-€652,184
Largest movements
Assets
- Stocks and contracts -€732,230
no longer reported in 2025 (was €732,230)
- Cash +€128,324
up €128,324 (+182%), from €70,538 to €198,863
mainly Stocks and contracts (+€732,230) and Investment in fixed assets (net) (+€26,872)
- Tangible fixed assets -€37,591
down €37,591 (-35.0%), from €107,276 to €69,685
of which Plant, machinery and equipment: -€27,218
Equity and liabilities
- Other debts -€320,507
down €320,507 (-70.8%), from €452,715 to €132,208
- Profit (loss) carried forward -€263,661
new in 2025: -€263,661
- Trade debts -€73,156
no longer reported in 2025 (was €73,156)
Income statement
- Gross operating margin -€304,091
down €304,091, from €177,504 to -€126,586
- Write-downs -€49,000
no longer reported in 2025 (was €49,000)
- Staff costs -€41,769
down €41,769 (-27.0%), from €154,731 to €112,963
- Depreciation -€27,342
down €27,342 (-71.8%), from €38,062 to €10,720
- Financial charges -€5,541
down €5,541 (-76.2%), from €7,268 to €1,727
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.
Result 2024
-€74,650
Gross operating margin
-€304,091
Staff costs
+€41,769
Depreciation
+€27,342
Write-downs
+€49,000
Other operating charges
-€2,581
Other operating items
-€6,672
Financial income
-€99
Financial charges
+€5,541
Taxes
+€781
Result 2025
-€263,661
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€101,453
Investment
+€26,872
Financing
€0
Cash 2024
€70,538
From operations (derived)
+€101,453
Net result for the year
-€263,661
Depreciation
+€10,720
Stocks and contracts
+€732,230
Receivables within one year
+€2,044
Deferred charges and accrued income
+€8,644
Trade debts
-€73,156
Tax, wage and social debts
+€5,139
Other debts
-€320,507
Investment (derived)
+€26,872
Investment in fixed assets (net)
+€26,872
Cash 2025
€198,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €993,785 | €341,600 | -€652,184 | -65.6% |
| Fixed assets | 21/28 | €107,562 | €69,971 | -€37,591 | -34.9% |
| Tangible fixed assets | 22/27 | €107,276 | €69,685 | -€37,591 | -35.0% |
| Land and buildings | 22 | €78,358 | €69,272 | -€9,086 | -11.6% |
| Plant, machinery and equipment | 23 | €27,632 | €413 | -€27,218 | -98.5% |
| Furniture and vehicles | 24 | €1,287 | - | -€1,287 | |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €886,222 | €271,629 | -€614,593 | -69.3% |
| Stocks and contracts in progress | 3 | €732,230 | - | -€732,230 | |
| Stocks | 30/36 | €732,230 | - | -€732,230 | |
| Amounts receivable within one year | 40/41 | €71,516 | €69,472 | -€2,044 | -2.9% |
| Trade receivables | 40 | €55,130 | €55,160 | +€30 | +0.1% |
| Other amounts receivable | 41 | €16,386 | €14,313 | -€2,074 | -12.7% |
| Cash at bank and in hand | 54/58 | €70,538 | €198,863 | +€128,324 | +182% |
| Deferred charges and accrued income | 490/1 | €11,938 | €3,294 | -€8,644 | -72.4% |
| Total equity and liabilities | 10/49 | €993,785 | €341,600 | -€652,184 | -65.6% |
| Equity | 10/15 | €462,378 | €198,717 | -€263,661 | -57.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €443,628 | €443,628 | = | 0.0% |
| Distributable reserves | 133 | €443,628 | €443,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€263,661 | -€263,661 | |
| Amounts payable | 17/49 | €531,406 | €142,883 | -€388,523 | -73.1% |
| Amounts payable within one year | 42/48 | €531,406 | €142,883 | -€388,523 | -73.1% |
| Trade debts | 44 | €73,156 | - | -€73,156 | |
| Suppliers | 440/4 | €73,156 | - | -€73,156 | |
| Taxes, remuneration and social security | 45 | €5,536 | €10,675 | +€5,139 | +92.8% |
| Taxes | 450/3 | - | €6,003 | +€6,003 | |
| Remuneration and social security | 454/9 | €5,536 | €4,672 | -€864 | -15.6% |
| Other amounts payable | 47/48 | €452,715 | €132,208 | -€320,507 | -70.8% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €154,731 | €112,963 | -€41,769 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,062 | €10,720 | -€27,342 | -71.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,000 | - | -€49,000 | |
| Other operating charges | 640/8 | €2,948 | €5,529 | +€2,581 | +87.6% |
| Non-recurring operating charges | 66A | - | €6,672 | +€6,672 | |
| Gross operating margin | 9900 | €177,504 | -€126,586 | -€304,091 | |
| Operating profit (loss) | 9901 | -€67,237 | -€262,469 | -€195,232 | -290% |
| Financial income | 75/76B | €102 | €3 | -€99 | -96.8% |
| Recurring financial income | 75 | €102 | €3 | -€99 | -96.8% |
| Financial charges | 65/66B | €7,268 | €1,727 | -€5,541 | -76.2% |
| Recurring financial charges | 65 | €7,268 | €1,727 | -€5,541 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | -€74,402 | -€264,193 | -€189,791 | -255% |
| Income taxes | 67/77 | €248 | -€532 | -€781 | |
| Profit (loss) for the period | 9904 | -€74,650 | -€263,661 | -€189,010 | -253% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,650 | -€263,661 | -€189,010 | -253% |
Next steps
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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 6 November 2026 via checked.be.