DAVID RANS: 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.
DAVID RANS
Largest movements
- Stocks and contracts +€40,563
new in 2025: €40,563
- Cash +€36,093
up €36,093 (+585.6%), from €6,163 to €42,256
mainly Advances received (+€65,000) and Receivables within one year (+€20,951)
- Receivables within one year -€20,951
down €20,951 (-60.2%), from €34,777 to €13,826
of which Trade receivables: -€25,742
- Tangible fixed assets +€11,278
up €11,278 (+439.9%), from €2,564 to €13,842
- Deferred charges and accrued income -€1,503
down €1,503 (-38.5%), from €3,901 to €2,398
- Advances received +€65,000
new in 2025: €65,000
- Tax, wage and social debts -€10,498
down €10,498 (-91.1%), from €11,523 to €1,025
of which Remuneration and social security: -€5,700
- Trade debts +€6,478
up €6,478 (+50.5%), from €12,817 to €19,295
- Other debts +€6,433
new in 2025: €6,433
- Profit (loss) carried forward -€1,933
down €1,933 (-14.9%), from -€12,975 to -€14,908
- Gross operating margin +€14,569
up €14,569, from -€10,200 to €4,369
- Depreciation +€3,771
up €3,771 (+865.6%), from €436 to €4,207
- Taxes +€740
up €740 (+136.8%), from €541 to €1,281
- Financial charges -€489
down €489 (-63.2%), from €774 to €285
- Financial income -€419
down €419 (-82.9%), from €505 to €86
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 | €47,404 | €112,884 | +€65,480 | +138.1% |
| Fixed assets | 21/28 | €2,564 | €13,842 | +€11,278 | +439.9% |
| Tangible fixed assets | 22/27 | €2,564 | €13,842 | +€11,278 | +439.9% |
| Furniture and vehicles | 24 | €2,564 | €13,842 | +€11,278 | +439.9% |
| Current assets | 29/58 | €44,840 | €99,042 | +€54,202 | +120.9% |
| Stocks and contracts in progress | 3 | - | €40,563 | +€40,563 | |
| Stocks | 30/36 | - | €40,563 | +€40,563 | |
| Amounts receivable within one year | 40/41 | €34,777 | €13,826 | -€20,951 | -60.2% |
| Trade receivables | 40 | €32,834 | €7,091 | -€25,742 | -78.4% |
| Other amounts receivable | 41 | €1,943 | €6,734 | +€4,791 | +246.6% |
| Cash at bank and in hand | 54/58 | €6,163 | €42,256 | +€36,093 | +585.6% |
| Deferred charges and accrued income | 490/1 | €3,901 | €2,398 | -€1,503 | -38.5% |
| Total equity and liabilities | 10/49 | €47,404 | €112,884 | +€65,480 | +138.1% |
| Equity | 10/15 | €23,064 | €21,131 | -€1,933 | -8.4% |
| Contributions | 10/11 | €8,740 | €8,740 | = | 0.0% |
| Reserves | 13 | €27,299 | €27,299 | = | 0.0% |
| Distributable reserves | 133 | €27,299 | €27,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,975 | -€14,908 | -€1,933 | -14.9% |
| Amounts payable | 17/49 | €24,341 | €91,753 | +€67,412 | +277.0% |
| Amounts payable within one year | 42/48 | €24,341 | €91,753 | +€67,412 | +277.0% |
| Trade debts | 44 | €12,817 | €19,295 | +€6,478 | +50.5% |
| Suppliers | 440/4 | €12,817 | €19,295 | +€6,478 | +50.5% |
| Advances received on contracts in progress | 46 | - | €65,000 | +€65,000 | |
| Taxes, remuneration and social security | 45 | €11,523 | €1,025 | -€10,498 | -91.1% |
| Taxes | 450/3 | €5,823 | €1,025 | -€4,798 | -82.4% |
| Remuneration and social security | 454/9 | €5,700 | €0 | -€5,700 | -100.0% |
| Other amounts payable | 47/48 | - | €6,433 | +€6,433 | |
| Non-recurring operating income | 76A | €0 | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €4,207 | +€3,771 | +865.6% |
| Other operating charges | 640/8 | €463 | €615 | +€152 | +32.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€10,200 | €4,369 | +€14,569 | |
| Operating profit (loss) | 9901 | -€11,099 | -€453 | +€10,646 | +95.9% |
| Financial income | 75/76B | €505 | €86 | -€419 | -82.9% |
| Recurring financial income | 75 | €505 | €86 | -€419 | -82.9% |
| Financial charges | 65/66B | €774 | €285 | -€489 | -63.2% |
| Recurring financial charges | 65 | €774 | €285 | -€489 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,368 | -€652 | +€10,716 | +94.3% |
| Income taxes | 67/77 | €541 | €1,281 | +€740 | +136.8% |
| Profit (loss) for the period | 9904 | -€11,909 | -€1,933 | +€9,976 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,909 | -€1,933 | +€9,976 | +83.8% |
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 8 October 2026 via checked.be.