Van Nueten Projects: 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 Nueten Projects
Largest movements
- Tangible fixed assets -€12,178
down €12,178 (-30.0%), from €40,642 to €28,464
of which Furniture and vehicles: -€11,862
- Receivables within one year +€9,426
up €9,426 (+55.0%), from €17,124 to €26,550
of which Other amounts receivable: +€5,663
- Cash +€4,095
up €4,095 (+60.7%), from €6,745 to €10,840
mainly Net result for the year (+€14,474) and Depreciation (+€12,178)
- Deferred charges and accrued income +€1,456
up €1,456 (+104.5%), from €1,394 to €2,849
- Reserves +€14,474
up €14,474 (+45.5%), from €31,827 to €46,301
- Debts after one year -€6,999
down €6,999 (-41.5%), from €16,854 to €9,855
- Accrued charges and deferred income -€4,662
down €4,662 (-93.4%), from €4,990 to €328
- Other debts -€1,143
no longer reported in 2025 (was €1,143)
- Gross operating margin +€4,379
up €4,379 (+14.1%), from €30,994 to €35,373
- Taxes +€2,205
up €2,205 (+52.6%), from €4,197 to €6,402
- Other operating charges +€410
up €410 (+60.1%), from €683 to €1,093
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 | €65,904 | €68,702 | +€2,798 | +4.2% |
| Fixed assets | 21/28 | €40,642 | €28,464 | -€12,178 | -30.0% |
| Tangible fixed assets | 22/27 | €40,642 | €28,464 | -€12,178 | -30.0% |
| Plant, machinery and equipment | 23 | €1,231 | €914 | -€317 | -25.7% |
| Furniture and vehicles | 24 | €39,411 | €27,550 | -€11,862 | -30.1% |
| Current assets | 29/58 | €25,262 | €40,238 | +€14,976 | +59.3% |
| Amounts receivable within one year | 40/41 | €17,124 | €26,550 | +€9,426 | +55.0% |
| Trade receivables | 40 | €16,645 | €20,408 | +€3,763 | +22.6% |
| Other amounts receivable | 41 | €478 | €6,142 | +€5,663 | +1183.6% |
| Cash at bank and in hand | 54/58 | €6,745 | €10,840 | +€4,095 | +60.7% |
| Deferred charges and accrued income | 490/1 | €1,394 | €2,849 | +€1,456 | +104.5% |
| Total equity and liabilities | 10/49 | €65,904 | €68,702 | +€2,798 | +4.2% |
| Equity | 10/15 | €33,827 | €48,301 | +€14,474 | +42.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,827 | €46,301 | +€14,474 | +45.5% |
| Distributable reserves | 133 | €31,827 | €46,301 | +€14,474 | +45.5% |
| Amounts payable | 17/49 | €32,077 | €20,401 | -€11,676 | -36.4% |
| Amounts payable after more than one year | 17 | €16,854 | €9,855 | -€6,999 | -41.5% |
| Financial debts | 170/4 | €16,854 | €9,855 | -€6,999 | -41.5% |
| Amounts payable within one year | 42/48 | €10,232 | €10,217 | -€15 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,681 | €6,999 | +€319 | +4.8% |
| Trade debts | 44 | €93 | €577 | +€483 | +517.1% |
| Suppliers | 440/4 | €93 | €577 | +€483 | +517.1% |
| Taxes, remuneration and social security | 45 | €2,315 | €2,641 | +€326 | +14.1% |
| Taxes | 450/3 | €2,315 | €2,641 | +€326 | +14.1% |
| Other amounts payable | 47/48 | €1,143 | - | -€1,143 | |
| Accrued charges and deferred income | 492/3 | €4,990 | €328 | -€4,662 | -93.4% |
| Non-recurring operating income | 76A | €1,993 | €481 | -€1,512 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,017 | €12,178 | +€161 | +1.3% |
| Other operating charges | 640/8 | €683 | €1,093 | +€410 | +60.1% |
| Gross operating margin | 9900 | €30,994 | €35,373 | +€4,379 | +14.1% |
| Operating profit (loss) | 9901 | €18,294 | €22,102 | +€3,808 | +20.8% |
| Financial income | 75/76B | €7 | €10 | +€2 | +32.1% |
| Recurring financial income | 75 | €7 | €10 | +€2 | +32.1% |
| Financial charges | 65/66B | €1,554 | €1,235 | -€319 | -20.5% |
| Recurring financial charges | 65 | €1,554 | €1,235 | -€319 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €16,747 | €20,876 | +€4,129 | +24.7% |
| Income taxes | 67/77 | €4,197 | €6,402 | +€2,205 | +52.6% |
| Profit (loss) for the period | 9904 | €12,550 | €14,474 | +€1,923 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,550 | €14,474 | +€1,923 | +15.3% |
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 7 October 2026 via checked.be.