Van Nuffel Projects: what changed
Van Nuffel Projects
Largest movements
- Receivables within one year +€6,645
up €6,645 (+47.8%), from €13,902 to €20,547
of which Trade receivables: +€3,800
- Cash -€4,378
down €4,378 (-37.8%), from €11,594 to €7,216
mainly Receivables within one year (-€6,645) and Tax, wage and social debts (-€4,214)
- Financial fixed assets +€3,000
new in 2025: €3,000
- Current investments -€3,000
no longer reported in 2025 (was €3,000)
- Tangible fixed assets -€1,977
down €1,977 (-47.4%), from €4,172 to €2,194
of which Plant, machinery and equipment: -€1,923
- Tax, wage and social debts -€4,214
down €4,214 (-30.8%), from €13,679 to €9,465
- Reserves +€3,767
up €3,767 (+27.6%), from €13,671 to €17,439
- Other debts -€685
down €685 (-29.5%), from €2,323 to €1,638
- Current portion of long-term debt +€507
new in 2025: €507
- Accrued charges and deferred income +€484
up €484 (+269%), from €180 to €664
- Gross operating margin -€6,306
down €6,306 (-31.9%), from €19,760 to €13,454
- Taxes -€863
down €863 (-21.5%), from €4,017 to €3,155
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,774 | €34,899 | +€126 | +0.4% |
| Fixed assets | 21/28 | €4,172 | €5,194 | +€1,023 | +24.5% |
| Tangible fixed assets | 22/27 | €4,172 | €2,194 | -€1,977 | -47.4% |
| Plant, machinery and equipment | 23 | €3,995 | €2,072 | -€1,923 | -48.1% |
| Furniture and vehicles | 24 | €176 | €122 | -€54 | -30.8% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €30,602 | €29,705 | -€897 | -2.9% |
| Amounts receivable within one year | 40/41 | €13,902 | €20,547 | +€6,645 | +47.8% |
| Trade receivables | 40 | €13,902 | €17,701 | +€3,800 | +27.3% |
| Other amounts receivable | 41 | - | €2,845 | +€2,845 | |
| Current investments | 50/53 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €11,594 | €7,216 | -€4,378 | -37.8% |
| Deferred charges and accrued income | 490/1 | €2,106 | €1,942 | -€164 | -7.8% |
| Total equity and liabilities | 10/49 | €34,774 | €34,899 | +€126 | +0.4% |
| Equity | 10/15 | €16,171 | €19,939 | +€3,767 | +23.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,671 | €17,439 | +€3,767 | +27.6% |
| Distributable reserves | 133 | €13,671 | €17,439 | +€3,767 | +27.6% |
| Amounts payable | 17/49 | €18,602 | €14,961 | -€3,641 | -19.6% |
| Amounts payable within one year | 42/48 | €18,423 | €14,297 | -€4,125 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €507 | +€507 | |
| Trade debts | 44 | €2,421 | €2,688 | +€267 | +11.0% |
| Suppliers | 440/4 | €2,421 | €2,688 | +€267 | +11.0% |
| Taxes, remuneration and social security | 45 | €13,679 | €9,465 | -€4,214 | -30.8% |
| Taxes | 450/3 | €13,679 | €9,465 | -€4,214 | -30.8% |
| Other amounts payable | 47/48 | €2,323 | €1,638 | -€685 | -29.5% |
| Accrued charges and deferred income | 492/3 | €180 | €664 | +€484 | +269% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,977 | -€124 | -5.9% |
| Other operating charges | 640/8 | €1,042 | €1,038 | -€4 | -0.4% |
| Non-recurring operating charges | 66A | €3,128 | €773 | -€2,355 | -75.3% |
| Gross operating margin | 9900 | €19,760 | €13,454 | -€6,306 | -31.9% |
| Operating profit (loss) | 9901 | €13,490 | €9,666 | -€3,823 | -28.3% |
| Financial income | 75/76B | €4 | €3 | -€2 | -37.5% |
| Recurring financial income | 75 | €4 | €3 | -€2 | -37.5% |
| Financial charges | 65/66B | €2,942 | €2,747 | -€195 | -6.6% |
| Recurring financial charges | 65 | €2,942 | €2,747 | -€195 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €10,551 | €6,922 | -€3,630 | -34.4% |
| Income taxes | 67/77 | €4,017 | €3,155 | -€863 | -21.5% |
| Profit (loss) for the period | 9904 | €6,534 | €3,767 | -€2,767 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,534 | €3,767 | -€2,767 | -42.3% |
Next steps
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 4 November 2026 via checked.be.