Van Nieuwerburgh: 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 Nieuwerburgh
Largest movements
- Cash -€76,941
down €76,941 (-22.0%), from €349,968 to €273,026
mainly Contributions, distributions and other (-€209,325) and Receivables within one year (-€37,144)
- Receivables within one year +€37,144
up €37,144 (+166%), from €22,356 to €59,500
of which Trade receivables: +€28,714
- Tangible fixed assets -€30,312
down €30,312 (-34.9%), from €86,766 to €56,454
of which Furniture and vehicles: -€26,366
- Reserves -€189,907
down €189,907 (-59.7%), from €318,155 to €128,248
- Other debts +€155,895
up €155,895 (+255%), from €61,231 to €217,126
- Current portion of long-term debt -€12,899
down €12,899 (-53.7%), from €24,034 to €11,135
- Debts after one year -€11,135
down €11,135 (-34.7%), from €32,086 to €20,951
- Trade debts -€9,872
down €9,872 (-87.5%), from €11,283 to €1,411
- Financial charges +€75,641
up €75,641 (+2,850%), from €2,654 to €78,295
- Gross operating margin +€33,088
up €33,088 (+24.1%), from €137,127 to €170,214
- Taxes -€11,347
down €11,347 (-57.1%), from €19,889 to €8,542
- Depreciation -€1,809
down €1,809 (-5.6%), from €32,121 to €30,312
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 | €461,307 | €391,784 | -€69,523 | -15.1% |
| Fixed assets | 21/28 | €86,766 | €56,454 | -€30,312 | -34.9% |
| Tangible fixed assets | 22/27 | €86,766 | €56,454 | -€30,312 | -34.9% |
| Land and buildings | 22 | €21,161 | €19,215 | -€1,946 | -9.2% |
| Plant, machinery and equipment | 23 | €5,852 | €3,852 | -€2,000 | -34.2% |
| Furniture and vehicles | 24 | €59,753 | €33,387 | -€26,366 | -44.1% |
| Current assets | 29/58 | €374,540 | €335,330 | -€39,210 | -10.5% |
| Amounts receivable within one year | 40/41 | €22,356 | €59,500 | +€37,144 | +166% |
| Trade receivables | 40 | €17,262 | €45,976 | +€28,714 | +166% |
| Other amounts receivable | 41 | €5,093 | €13,524 | +€8,430 | +166% |
| Cash at bank and in hand | 54/58 | €349,968 | €273,026 | -€76,941 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,217 | €2,804 | +€587 | +26.5% |
| Total equity and liabilities | 10/49 | €461,307 | €391,784 | -€69,523 | -15.1% |
| Equity | 10/15 | €318,755 | €128,848 | -€189,907 | -59.6% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €318,155 | €128,248 | -€189,907 | -59.7% |
| Distributable reserves | 133 | €318,155 | €128,248 | -€189,907 | -59.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,551 | €262,936 | +€120,385 | +84.4% |
| Amounts payable after more than one year | 17 | €32,086 | €20,951 | -€11,135 | -34.7% |
| Financial debts | 170/4 | €32,086 | €20,951 | -€11,135 | -34.7% |
| Amounts payable within one year | 42/48 | €110,466 | €241,985 | +€131,519 | +119% |
| Current portion of amounts payable after more than one year | 42 | €24,034 | €11,135 | -€12,899 | -53.7% |
| Trade debts | 44 | €11,283 | €1,411 | -€9,872 | -87.5% |
| Suppliers | 440/4 | €11,283 | €1,411 | -€9,872 | -87.5% |
| Taxes, remuneration and social security | 45 | €13,919 | €12,314 | -€1,605 | -11.5% |
| Taxes | 450/3 | €6,830 | €5,162 | -€1,668 | -24.4% |
| Remuneration and social security | 454/9 | €7,089 | €7,152 | +€63 | +0.9% |
| Other amounts payable | 47/48 | €61,231 | €217,126 | +€155,895 | +255% |
| Non-recurring operating income | 76A | €12,670 | €0 | -€12,670 | -100% |
| Remuneration, social security and pensions | 62 | €32,023 | €32,630 | +€607 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,121 | €30,312 | -€1,809 | -5.6% |
| Other operating charges | 640/8 | €843 | €1,017 | +€174 | +20.6% |
| Gross operating margin | 9900 | €137,127 | €170,214 | +€33,088 | +24.1% |
| Operating profit (loss) | 9901 | €72,139 | €106,255 | +€34,116 | +47.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,654 | €78,295 | +€75,641 | +2,850% |
| Recurring financial charges | 65 | €2,654 | €78,295 | +€75,641 | +2,850% |
| Profit (loss) for the period before taxes | 9903 | €69,487 | €27,961 | -€41,526 | -59.8% |
| Income taxes | 67/77 | €19,889 | €8,542 | -€11,347 | -57.1% |
| Profit (loss) for the period | 9904 | €49,598 | €19,418 | -€30,180 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,598 | €19,418 | -€30,180 | -60.8% |
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 16 October 2026 via checked.be.