Van Nerum Joke: what changed
Two fiscal 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 Nerum Joke
Largest movements
- Cash -€24,644
down €24,644 (-28.1%), from €87,792 to €63,148
mainly Other debts (-€53,839) and Investment in fixed assets (net) (-€37,926)
- Tangible fixed assets +€21,272
up €21,272 (+6.7%), from €317,071 to €338,343
of which Land and buildings: +€19,182
- Profit (loss) carried forward +€61,799
up €61,799 (+97.3%), from €63,522 to €125,322
- Other debts -€53,839
down €53,839 (-37.4%), from €144,102 to €90,263
- Debts after one year -€23,480
down €23,480 (-9.1%), from €257,275 to €233,796
- Gross operating margin +€24,895
up €24,895 (+31.5%), from €79,128 to €104,023
- Financial income +€5,956
up €5,956 (+1008.8%), from €590 to €6,546
- Taxes +€5,200
up €5,200 (+45.3%), from €11,489 to €16,689
- Depreciation +€2,060
up €2,060 (+14.1%), from €14,594 to €16,654
- Financial charges +€1,673
up €1,673 (+16.0%), from €10,468 to €12,141
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.
Cash bridge derived
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 | €578,149 | €566,641 | -€11,507 | -2.0% |
| Fixed assets | 21/28 | €317,071 | €338,343 | +€21,272 | +6.7% |
| Tangible fixed assets | 22/27 | €317,071 | €338,343 | +€21,272 | +6.7% |
| Land and buildings | 22 | €316,300 | €335,482 | +€19,182 | +6.1% |
| Furniture and vehicles | 24 | €772 | €2,862 | +€2,090 | +270.7% |
| Current assets | 29/58 | €261,077 | €228,298 | -€32,779 | -12.6% |
| Amounts receivable within one year | 40/41 | €9,500 | €6,616 | -€2,884 | -30.4% |
| Other amounts receivable | 41 | €9,500 | €6,616 | -€2,884 | -30.4% |
| Current investments | 50/53 | €140,578 | €140,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,792 | €63,148 | -€24,644 | -28.1% |
| Deferred charges and accrued income | 490/1 | €23,207 | €17,956 | -€5,251 | -22.6% |
| Total equity and liabilities | 10/49 | €578,149 | €566,641 | -€11,507 | -2.0% |
| Equity | 10/15 | €147,979 | €209,778 | +€61,799 | +41.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €65,906 | €65,906 | = | 0.0% |
| Distributable reserves | 133 | €65,906 | €65,906 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,522 | €125,322 | +€61,799 | +97.3% |
| Amounts payable | 17/49 | €430,170 | €356,864 | -€73,307 | -17.0% |
| Amounts payable after more than one year | 17 | €257,275 | €233,796 | -€23,480 | -9.1% |
| Financial debts | 170/4 | €257,275 | €233,796 | -€23,480 | -9.1% |
| Amounts payable within one year | 42/48 | €172,895 | €123,068 | -€49,827 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €23,231 | €23,480 | +€249 | +1.1% |
| Trade debts | 44 | €396 | €2,819 | +€2,423 | +611.9% |
| Suppliers | 440/4 | €396 | €2,819 | +€2,423 | +611.9% |
| Taxes, remuneration and social security | 45 | €5,166 | €6,506 | +€1,340 | +25.9% |
| Taxes | 450/3 | €5,166 | €6,506 | +€1,340 | +25.9% |
| Other amounts payable | 47/48 | €144,102 | €90,263 | -€53,839 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,594 | €16,654 | +€2,060 | +14.1% |
| Other operating charges | 640/8 | €1,645 | €3,285 | +€1,640 | +99.7% |
| Gross operating margin | 9900 | €79,128 | €104,023 | +€24,895 | +31.5% |
| Operating profit (loss) | 9901 | €62,889 | €84,084 | +€21,194 | +33.7% |
| Financial income | 75/76B | €590 | €6,546 | +€5,956 | +1008.8% |
| Recurring financial income | 75 | €590 | €6,546 | +€5,956 | +1008.8% |
| Financial charges | 65/66B | €10,468 | €12,141 | +€1,673 | +16.0% |
| Recurring financial charges | 65 | €10,468 | €12,141 | +€1,673 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €53,012 | €78,489 | +€25,477 | +48.1% |
| Income taxes | 67/77 | €11,489 | €16,689 | +€5,200 | +45.3% |
| Profit (loss) for the period | 9904 | €41,522 | €61,799 | +€20,277 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,522 | €61,799 | +€20,277 | +48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.