Van Den Neste J.: 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.
Van Den Neste J.
Largest movements
- Receivables within one year -€57,300
down €57,300 (-42.1%), from €136,147 to €78,847
of which Trade receivables: -€67,927
- Cash +€28,737
up €28,737 (+553%), from €5,194 to €33,931
mainly Receivables within one year (+€57,300) and Net result for the year (+€15,223)
- Tangible fixed assets -€3,782
down €3,782 (-8.7%), from €43,513 to €39,731
of which Other tangible fixed assets: -€3,598
- Trade debts -€48,597
down €48,597 (-68.8%), from €70,644 to €22,047
- Reserves +€15,223
up €15,223 (+18.4%), from €82,940 to €98,163
of which Distributable reserves: +€15,223
- Advances received -€2,360
down €2,360 (-9.7%), from €24,360 to €22,000
- Gross operating margin +€57,166
up €57,166 (+883%), from €6,477 to €63,643
- Write-downs +€31,172
new in 2025: €31,172
- Other operating charges -€2,670
down €2,670 (-50.4%), from €5,301 to €2,631
- Taxes +€2,597
up €2,597 (+2,476%), from €105 to €2,701
- Depreciation +€1,682
up €1,682 (+25.7%), from €6,538 to €8,220
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 | €187,619 | €154,051 | -€33,568 | -17.9% |
| Fixed assets | 21/28 | €43,513 | €39,731 | -€3,782 | -8.7% |
| Tangible fixed assets | 22/27 | €43,513 | €39,731 | -€3,782 | -8.7% |
| Plant, machinery and equipment | 23 | €7,760 | €5,791 | -€1,969 | -25.4% |
| Furniture and vehicles | 24 | €573 | €2,357 | +€1,785 | +312% |
| Other tangible fixed assets | 26 | €35,180 | €31,582 | -€3,598 | -10.2% |
| Current assets | 29/58 | €144,106 | €114,320 | -€29,786 | -20.7% |
| Stocks and contracts in progress | 3 | €1,500 | €0 | -€1,500 | -100% |
| Stocks | 30/36 | €1,500 | €0 | -€1,500 | -100% |
| Amounts receivable within one year | 40/41 | €136,147 | €78,847 | -€57,300 | -42.1% |
| Trade receivables | 40 | €126,778 | €58,851 | -€67,927 | -53.6% |
| Other amounts receivable | 41 | €9,369 | €19,996 | +€10,627 | +113% |
| Cash at bank and in hand | 54/58 | €5,194 | €33,931 | +€28,737 | +553% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,542 | +€277 | +21.9% |
| Total equity and liabilities | 10/49 | €187,619 | €154,051 | -€33,568 | -17.9% |
| Equity | 10/15 | €89,140 | €104,363 | +€15,223 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,940 | €98,163 | +€15,223 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,080 | €96,303 | +€15,223 | +18.8% |
| Amounts payable | 17/49 | €98,479 | €49,688 | -€48,791 | -49.5% |
| Amounts payable within one year | 42/48 | €98,479 | €48,223 | -€50,256 | -51.0% |
| Trade debts | 44 | €70,644 | €22,047 | -€48,597 | -68.8% |
| Suppliers | 440/4 | €70,644 | €22,047 | -€48,597 | -68.8% |
| Advances received on contracts in progress | 46 | €24,360 | €22,000 | -€2,360 | -9.7% |
| Taxes, remuneration and social security | 45 | €3,475 | €4,177 | +€701 | +20.2% |
| Taxes | 450/3 | €1,475 | €2,177 | +€701 | +47.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,465 | +€1,465 | |
| Non-recurring operating income | 76A | €1,765 | €0 | -€1,765 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,538 | €8,220 | +€1,682 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,172 | +€31,172 | |
| Other operating charges | 640/8 | €5,301 | €2,631 | -€2,670 | -50.4% |
| Gross operating margin | 9900 | €6,477 | €63,643 | +€57,166 | +883% |
| Operating profit (loss) | 9901 | -€5,362 | €21,620 | +€26,982 | |
| Financial income | 75/76B | €928 | €262 | -€667 | -71.8% |
| Recurring financial income | 75 | €928 | €262 | -€667 | -71.8% |
| Financial charges | 65/66B | €4,074 | €3,957 | -€117 | -2.9% |
| Recurring financial charges | 65 | €4,074 | €3,957 | -€117 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,508 | €17,924 | +€26,432 | |
| Income taxes | 67/77 | €105 | €2,701 | +€2,597 | +2,476% |
| Profit (loss) for the period | 9904 | -€8,613 | €15,223 | +€23,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,613 | €15,223 | +€23,835 |
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 26 October 2026 via checked.be.