VAN NUFFEL - DE VRIENDT: what changed
What changed
VAN NUFFEL - DE VRIENDT
NACE 47.730, Retail sale of pharmaceutical products
filed annual accounts (NBB)
Net result for the year
€116,242
2024 · €104,966+€11,276
Equity
€1.8m
2024 · €1.9m-€69,258
Cash
€144,688
2024 · €86,230+€58,458
Balance sheet total
€2.8m
2024 · €3.0m-€193,341
Largest movements
Assets
- Current investments -€153,179
down €153,179 (-61.3%), from €249,782 to €96,603
- Receivables after one year -€113,900
down €113,900 (-51.1%), from €223,000 to €109,100
- Cash +€58,458
up €58,458 (+67.8%), from €86,230 to €144,688
mainly Current investments (+€153,179) and Net result for the year (+€116,242)
Equity and liabilities
- Debts after one year -€130,000
down €130,000 (-55.0%), from €236,167 to €106,167
- Reserves -€69,300
down €69,300 (-8.0%), from €868,750 to €799,450
of which Distributable reserves: -€69,300
Income statement
- Staff costs +€35,515
up €35,515 (+58.5%), from €60,693 to €96,209
- Gross operating margin +€24,873
up €24,873 (+8.5%), from €292,985 to €317,858
- Financial charges -€20,198
down €20,198 (-52.2%), from €38,726 to €18,528
- Financial income +€7,096
up €7,096 (+165%), from €4,295 to €11,391
- Depreciation +€6,734
up €6,734 (+23.1%), from €29,095 to €35,830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€104,966
Gross operating margin
+€24,873
Staff costs
-€35,515
Depreciation
-€6,734
Other operating charges
+€1,064
Financial income
+€7,096
Financial charges
+€20,198
Taxes
+€294
Result 2025
€116,242
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€249,590
Investment
+€124,368
Financing
-€315,500
Cash 2024
€86,230
From operations (derived)
+€249,590
Net result for the year
+€116,242
Depreciation
+€35,830
Receivables after one year
+€113,900
Stocks and contracts
-€11,100
Receivables within one year
-€10,159
Deferred charges and accrued income
-€1,040
Trade debts
-€1,788
Tax, wage and social debts
+€5,361
Other debts
+€2,344
Investment (derived)
+€124,368
Investment in fixed assets (net)
-€28,811
Current investments
+€153,179
Financing
-€315,500
Debts after one year
-€130,000
Contributions, distributions and other
-€185,500
Cash 2025
€144,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,036,472 | €2,843,131 | -€193,341 | -6.4% |
| Fixed assets | 21/28 | €2,212,487 | €2,205,468 | -€7,019 | -0.3% |
| Tangible fixed assets | 22/27 | €276,012 | €268,993 | -€7,019 | -2.5% |
| Land and buildings | 22 | €252,093 | €239,132 | -€12,961 | -5.1% |
| Plant, machinery and equipment | 23 | €5,222 | €22,650 | +€17,429 | +334% |
| Furniture and vehicles | 24 | €18,697 | €7,211 | -€11,487 | -61.4% |
| Financial fixed assets | 28 | €1,936,475 | €1,936,475 | = | 0.0% |
| Current assets | 29/58 | €823,985 | €637,663 | -€186,322 | -22.6% |
| Amounts receivable after more than one year | 29 | €223,000 | €109,100 | -€113,900 | -51.1% |
| Trade receivables | 290 | €223,000 | €109,100 | -€113,900 | -51.1% |
| Stocks and contracts in progress | 3 | €135,605 | €146,705 | +€11,100 | +8.2% |
| Stocks | 30/36 | €135,605 | €146,705 | +€11,100 | +8.2% |
| Amounts receivable within one year | 40/41 | €123,154 | €133,313 | +€10,159 | +8.2% |
| Trade receivables | 40 | €121,517 | €125,862 | +€4,345 | +3.6% |
| Other amounts receivable | 41 | €1,637 | €7,451 | +€5,814 | +355% |
| Current investments | 50/53 | €249,782 | €96,603 | -€153,179 | -61.3% |
| Cash at bank and in hand | 54/58 | €86,230 | €144,688 | +€58,458 | +67.8% |
| Deferred charges and accrued income | 490/1 | €6,215 | €7,254 | +€1,040 | +16.7% |
| Total equity and liabilities | 10/49 | €3,036,472 | €2,843,131 | -€193,341 | -6.4% |
| Equity | 10/15 | €1,886,094 | €1,816,836 | -€69,258 | -3.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €868,750 | €799,450 | -€69,300 | -8.0% |
| Tax-exempt reserves | 132 | €131,250 | €131,250 | = | 0.0% |
| Distributable reserves | 133 | €737,500 | €668,200 | -€69,300 | -9.4% |
| Profit (loss) carried forward | 14 | €996,884 | €996,926 | +€42 | 0.0% |
| Amounts payable | 17/49 | €1,150,378 | €1,026,294 | -€124,083 | -10.8% |
| Amounts payable after more than one year | 17 | €236,167 | €106,167 | -€130,000 | -55.0% |
| Financial debts | 170/4 | €236,167 | €106,167 | -€130,000 | -55.0% |
| Amounts payable within one year | 42/48 | €905,687 | €911,604 | +€5,917 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €130,000 | €130,000 | = | 0.0% |
| Trade debts | 44 | €230,574 | €228,786 | -€1,788 | -0.8% |
| Suppliers | 440/4 | €230,574 | €228,786 | -€1,788 | -0.8% |
| Taxes, remuneration and social security | 45 | €35,215 | €40,576 | +€5,361 | +15.2% |
| Taxes | 450/3 | €17,037 | €25,994 | +€8,957 | +52.6% |
| Remuneration and social security | 454/9 | €18,178 | €14,582 | -€3,596 | -19.8% |
| Other amounts payable | 47/48 | €509,898 | €512,242 | +€2,344 | +0.5% |
| Accrued charges and deferred income | 492/3 | €8,523 | €8,523 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €60,693 | €96,209 | +€35,515 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,095 | €35,830 | +€6,734 | +23.1% |
| Other operating charges | 640/8 | €6,228 | €5,164 | -€1,064 | -17.1% |
| Gross operating margin | 9900 | €292,985 | €317,858 | +€24,873 | +8.5% |
| Operating profit (loss) | 9901 | €196,968 | €180,656 | -€16,312 | -8.3% |
| Financial income | 75/76B | €4,295 | €11,391 | +€7,096 | +165% |
| Recurring financial income | 75 | €4,295 | €11,391 | +€7,096 | +165% |
| Financial charges | 65/66B | €38,726 | €18,528 | -€20,198 | -52.2% |
| Recurring financial charges | 65 | €38,726 | €18,528 | -€20,198 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €162,537 | €173,518 | +€10,982 | +6.8% |
| Income taxes | 67/77 | €57,571 | €57,276 | -€294 | -0.5% |
| Profit (loss) for the period | 9904 | €104,966 | €116,242 | +€11,276 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,966 | €116,242 | +€11,276 | +10.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.