VAN NUWENBORG CONSULTING: 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 NUWENBORG CONSULTING
Largest movements
- Receivables within one year +€59,199
up €59,199 (+30.7%), from €193,041 to €252,240
of which Trade receivables: +€56,704
- Current investments -€48,222
down €48,222 (-24.1%), from €200,000 to €151,778
- Tangible fixed assets -€19,306
down €19,306 (-23.9%), from €80,797 to €61,491
of which Furniture and vehicles: -€20,866
- Other debts +€87,587
up €87,587 (+71.0%), from €123,417 to €211,004
- Reserves -€79,489
down €79,489 (-15.3%), from €519,931 to €440,442
of which Distributable reserves: -€77,629
- Debts after one year -€14,188
down €14,188 (-53.9%), from €26,346 to €12,158
- Current portion of long-term debt -€11,463
down €11,463 (-44.7%), from €25,651 to €14,188
- Trade debts +€9,643
up €9,643 (+65.8%), from €14,648 to €24,291
- Gross operating margin -€288,775
down €288,775 (-87.0%), from €332,115 to €43,339
- Taxes -€94,036
down €94,036 (-90.4%), from €104,053 to €10,017
- Depreciation +€7,892
up €7,892 (+49.3%), from €15,996 to €23,888
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 | €731,632 | €714,218 | -€17,414 | -2.4% |
| Fixed assets | 21/28 | €80,867 | €61,491 | -€19,377 | -24.0% |
| Tangible fixed assets | 22/27 | €80,797 | €61,491 | -€19,306 | -23.9% |
| Land and buildings | 22 | €7,215 | €5,724 | -€1,491 | -20.7% |
| Plant, machinery and equipment | 23 | €545 | €3,596 | +€3,051 | +560% |
| Furniture and vehicles | 24 | €73,037 | €52,171 | -€20,866 | -28.6% |
| Financial fixed assets | 28 | €70 | €0 | -€70 | -100% |
| Current assets | 29/58 | €650,765 | €652,727 | +€1,962 | +0.3% |
| Amounts receivable within one year | 40/41 | €193,041 | €252,240 | +€59,199 | +30.7% |
| Trade receivables | 40 | €60,115 | €116,819 | +€56,704 | +94.3% |
| Other amounts receivable | 41 | €132,926 | €135,421 | +€2,495 | +1.9% |
| Current investments | 50/53 | €200,000 | €151,778 | -€48,222 | -24.1% |
| Cash at bank and in hand | 54/58 | €251,717 | €246,731 | -€4,986 | -2.0% |
| Deferred charges and accrued income | 490/1 | €6,007 | €1,978 | -€4,030 | -67.1% |
| Total equity and liabilities | 10/49 | €731,632 | €714,218 | -€17,414 | -2.4% |
| Equity | 10/15 | €526,131 | €446,642 | -€79,489 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €519,931 | €440,442 | -€79,489 | -15.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €518,071 | €440,442 | -€77,629 | -15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,501 | €267,576 | +€62,074 | +30.2% |
| Amounts payable after more than one year | 17 | €26,346 | €12,158 | -€14,188 | -53.9% |
| Financial debts | 170/4 | €26,346 | €12,158 | -€14,188 | -53.9% |
| Amounts payable within one year | 42/48 | €178,417 | €255,418 | +€77,001 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €25,651 | €14,188 | -€11,463 | -44.7% |
| Trade debts | 44 | €14,648 | €24,291 | +€9,643 | +65.8% |
| Suppliers | 440/4 | €14,648 | €24,291 | +€9,643 | +65.8% |
| Taxes, remuneration and social security | 45 | €14,701 | €5,935 | -€8,766 | -59.6% |
| Taxes | 450/3 | €12,601 | €3,835 | -€8,766 | -69.6% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €123,417 | €211,004 | +€87,587 | +71.0% |
| Accrued charges and deferred income | 492/3 | €738 | €0 | -€738 | -100% |
| Non-recurring operating income | 76A | €5,950 | €0 | -€5,950 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,996 | €23,888 | +€7,892 | +49.3% |
| Other operating charges | 640/8 | €1,301 | €902 | -€399 | -30.6% |
| Gross operating margin | 9900 | €332,115 | €43,339 | -€288,775 | -87.0% |
| Operating profit (loss) | 9901 | €314,818 | €18,549 | -€296,269 | -94.1% |
| Financial income | 75/76B | €3,457 | €5,879 | +€2,422 | +70.1% |
| Recurring financial income | 75 | €3,457 | €5,879 | +€2,422 | +70.1% |
| Financial charges | 65/66B | €730 | €1,400 | +€670 | +91.8% |
| Recurring financial charges | 65 | €730 | €1,400 | +€670 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | €317,545 | €23,028 | -€294,517 | -92.7% |
| Income taxes | 67/77 | €104,053 | €10,017 | -€94,036 | -90.4% |
| Profit (loss) for the period | 9904 | €213,492 | €13,011 | -€200,481 | -93.9% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €255,592 | €13,011 | -€242,581 | -94.9% |
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 30 October 2026 via checked.be.