VAN NUFFEL: 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 NUFFEL
Largest movements
- Cash -€7,807
down €7,807 (-18.9%), from €41,235 to €33,428
mainly Net result for the year (-€8,101) and Receivables within one year (-€803)
- Tangible fixed assets -€1,667
down €1,667 (-20.6%), from €8,093 to €6,426
of which Land and buildings: -€1,376
- Receivables within one year +€803
up €803 (+5.8%), from €13,757 to €14,561
- Reserves -€8,101
down €8,101 (-18.2%), from €44,395 to €36,294
of which Distributable reserves: -€8,101
- Gross operating margin +€230
up €230 (+3.5%), from -€6,514 to -€6,284
- Depreciation -€222
down €222 (-11.7%), from €1,889 to €1,667
- Financial income +€112
up €112 (+15.5%), from €720 to €832
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 | €63,295 | €55,033 | -€8,262 | -13.1% |
| Fixed assets | 21/28 | €8,093 | €6,426 | -€1,667 | -20.6% |
| Tangible fixed assets | 22/27 | €8,093 | €6,426 | -€1,667 | -20.6% |
| Land and buildings | 22 | €7,801 | €6,426 | -€1,376 | -17.6% |
| Furniture and vehicles | 24 | €291 | - | -€291 | |
| Current assets | 29/58 | €55,203 | €48,608 | -€6,595 | -11.9% |
| Amounts receivable within one year | 40/41 | €13,757 | €14,561 | +€803 | +5.8% |
| Other amounts receivable | 41 | €13,757 | €14,561 | +€803 | +5.8% |
| Cash at bank and in hand | 54/58 | €41,235 | €33,428 | -€7,807 | -18.9% |
| Deferred charges and accrued income | 490/1 | €210 | €619 | +€409 | +194.3% |
| Total equity and liabilities | 10/49 | €63,295 | €55,033 | -€8,262 | -13.1% |
| Equity | 10/15 | €62,987 | €54,886 | -€8,101 | -12.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,395 | €36,294 | -€8,101 | -18.2% |
| Non-distributable reserves | 130/1 | €176 | €176 | = | 0.0% |
| Reserves not available under the articles | 1311 | €176 | €176 | = | 0.0% |
| Distributable reserves | 133 | €44,219 | €36,118 | -€8,101 | -18.3% |
| Amounts payable | 17/49 | €308 | €147 | -€161 | -52.3% |
| Amounts payable within one year | 42/48 | €308 | €147 | -€161 | -52.3% |
| Trade debts | 44 | - | €102 | +€102 | |
| Suppliers | 440/4 | - | €102 | +€102 | |
| Taxes, remuneration and social security | 45 | €308 | €45 | -€263 | -85.5% |
| Taxes | 450/3 | €308 | €45 | -€263 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,889 | €1,667 | -€222 | -11.7% |
| Other operating charges | 640/8 | €890 | €912 | +€21 | +2.4% |
| Gross operating margin | 9900 | -€6,514 | -€6,284 | +€230 | +3.5% |
| Operating profit (loss) | 9901 | -€9,293 | -€8,862 | +€431 | +4.6% |
| Financial income | 75/76B | €720 | €832 | +€112 | +15.5% |
| Recurring financial income | 75 | €720 | €832 | +€112 | +15.5% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,646 | -€8,101 | +€546 | +6.3% |
| Profit (loss) for the period | 9904 | -€8,646 | -€8,101 | +€546 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,646 | -€8,101 | +€546 | +6.3% |
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.