VAN NUFFEL JOEL: 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 NUFFEL JOEL
Largest movements
- Cash +€23,554
up €23,554 (+30.5%), from €77,248 to €100,802
mainly Net result for the year (+€48,667) and Tax, wage and social debts (+€10,690)
- Tangible fixed assets +€22,496
up €22,496 (+192%), from €11,689 to €34,184
of which Furniture and vehicles: +€19,398
- Receivables within one year +€15,834
up €15,834 (+28.0%), from €56,505 to €72,339
of which Other amounts receivable: +€15,237
- Deferred charges and accrued income -€3,858
down €3,858 (-35.0%), from €11,033 to €7,175
- Reserves +€49,401
up €49,401 (+21.1%), from €234,007 to €283,407
of which Distributable reserves: +€49,401
- Tax, wage and social debts +€10,690
up €10,690 (+340%), from €3,147 to €13,837
- Gross operating margin +€68,586
up €68,586 (+1,212%), from €5,657 to €74,243
- Taxes +€18,774
up €18,774 (+3,249%), from €578 to €19,351
- Depreciation +€1,754
up €1,754 (+50.6%), from €3,467 to €5,221
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 | €246,475 | €304,492 | +€58,017 | +23.5% |
| Fixed assets | 21/28 | €11,689 | €34,184 | +€22,496 | +192% |
| Tangible fixed assets | 22/27 | €11,689 | €34,184 | +€22,496 | +192% |
| Land and buildings | 22 | - | €2,320 | +€2,320 | |
| Plant, machinery and equipment | 23 | €626 | €1,403 | +€777 | +124% |
| Furniture and vehicles | 24 | €11,063 | €30,461 | +€19,398 | +175% |
| Current assets | 29/58 | €234,786 | €270,308 | +€35,522 | +15.1% |
| Amounts receivable within one year | 40/41 | €56,505 | €72,339 | +€15,834 | +28.0% |
| Trade receivables | 40 | €13,465 | €14,063 | +€598 | +4.4% |
| Other amounts receivable | 41 | €43,040 | €58,276 | +€15,237 | +35.4% |
| Current investments | 50/53 | €90,000 | €89,991 | -€9 | 0.0% |
| Cash at bank and in hand | 54/58 | €77,248 | €100,802 | +€23,554 | +30.5% |
| Deferred charges and accrued income | 490/1 | €11,033 | €7,175 | -€3,858 | -35.0% |
| Total equity and liabilities | 10/49 | €246,475 | €304,492 | +€58,017 | +23.5% |
| Equity | 10/15 | €240,941 | €289,607 | +€48,667 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €234,007 | €283,407 | +€49,401 | +21.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €232,147 | €281,547 | +€49,401 | +21.3% |
| Profit (loss) carried forward | 14 | €734 | - | -€734 | |
| Amounts payable | 17/49 | €5,534 | €14,885 | +€9,351 | +169% |
| Amounts payable within one year | 42/48 | €5,534 | €14,885 | +€9,351 | +169% |
| Trade debts | 44 | €2,387 | €1,047 | -€1,339 | -56.1% |
| Suppliers | 440/4 | €2,387 | €1,047 | -€1,339 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,147 | €13,837 | +€10,690 | +340% |
| Taxes | 450/3 | €3,147 | €13,837 | +€10,690 | +340% |
| Non-recurring operating income | 76A | €1,395 | - | -€1,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,467 | €5,221 | +€1,754 | +50.6% |
| Other operating charges | 640/8 | €878 | €1,001 | +€123 | +14.0% |
| Gross operating margin | 9900 | €5,657 | €74,243 | +€68,586 | +1,212% |
| Operating profit (loss) | 9901 | €1,312 | €68,021 | +€66,709 | +5,086% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €0 | €3 | +€3 | +4,186% |
| Recurring financial charges | 65 | €0 | €3 | +€3 | +4,186% |
| Profit (loss) for the period before taxes | 9903 | €1,312 | €68,018 | +€66,706 | +5,086% |
| Income taxes | 67/77 | €578 | €19,351 | +€18,774 | +3,249% |
| Profit (loss) for the period | 9904 | €734 | €48,667 | +€47,933 | +6,532% |
| Profit (loss) for the period to be appropriated | 9905 | €734 | €48,667 | +€47,933 | +6,532% |
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 23 October 2026 via checked.be.