E. Van Ranst, Zonen: what changed
What changed
E. Van Ranst, Zonen
NACE 46.480, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€217,470
2025 · €224,595-€7,124
Equity
€903,499
2025 · €1.8m-€882,530
Cash
€500,556
2025 · €365,136+€135,420
Balance sheet total
€2.4m
2025 · €2.2m+€153,388
Largest movements
Assets
- Cash +€135,420
up €135,420 (+37.1%), from €365,136 to €500,556
mainly Debts after one year (+€552,338) and Other debts (+€400,000)
- Stocks and contracts +€37,784
up €37,784 (+5.4%), from €697,490 to €735,273
Equity and liabilities
- Reserves -€882,530
down €882,530 (-56.2%), from €1.6m to €687,499
of which Distributable reserves: -€879,940
- Debts after one year +€552,338
up €552,338 (+357%), from €154,715 to €707,054
- Other debts +€400,000
new in 2026: €400,000
- Trade debts +€64,439
up €64,439 (+66.9%), from €96,368 to €160,807
- Current portion of long-term debt +€46,202
up €46,202 (+73.2%), from €63,120 to €109,321
Income statement
- Gross operating margin -€38,245
down €38,245 (-3.4%), from €1.1m to €1.1m
- Staff costs -€31,804
down €31,804 (-4.4%), from €722,201 to €690,397
Change in the result, 2025 to 2026
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 2025
€224,595
Gross operating margin
-€38,245
Staff costs
+€31,804
Depreciation
+€2,952
Write-downs
+€554
Other operating charges
-€1,786
Financial income
-€765
Financial charges
-€771
Taxes
-€1,001
Deferred taxes and other
+€134
Result 2026
€217,470
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€689,309
Investment
-€52,429
Financing
-€501,460
Cash 2025
€365,136
From operations (derived)
+€689,309
Net result for the year
+€217,470
Depreciation
+€78,691
Stocks and contracts
-€37,784
Receivables within one year
-€2,881
Deferred charges and accrued income
-€3,565
Provisions
-€936
Trade debts
+€64,439
Tax, wage and social debts
-€26,125
Other debts
+€400,000
Investment (derived)
-€52,429
Investment in fixed assets (net)
-€52,429
Financing
-€501,460
Debts after one year
+€552,338
Current portion of long-term debt
+€46,202
Contributions, distributions and other
-€1.1m
Cash 2026
€500,556
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,211,741 | €2,365,129 | +€153,388 | +6.9% |
| Fixed assets | 21/28 | €923,720 | €897,458 | -€26,262 | -2.8% |
| Intangible fixed assets | 21 | €562,135 | €559,373 | -€2,762 | -0.5% |
| Tangible fixed assets | 22/27 | €361,436 | €338,085 | -€23,351 | -6.5% |
| Land and buildings | 22 | €184,185 | €177,025 | -€7,160 | -3.9% |
| Plant, machinery and equipment | 23 | €150,558 | €143,439 | -€7,119 | -4.7% |
| Furniture and vehicles | 24 | €26,692 | €17,620 | -€9,072 | -34.0% |
| Financial fixed assets | 28 | €149 | €0 | -€149 | -100% |
| Current assets | 29/58 | €1,288,021 | €1,467,671 | +€179,650 | +13.9% |
| Stocks and contracts in progress | 3 | €697,490 | €735,273 | +€37,784 | +5.4% |
| Stocks | 30/36 | €697,490 | €735,273 | +€37,784 | +5.4% |
| Amounts receivable within one year | 40/41 | €209,848 | €212,729 | +€2,881 | +1.4% |
| Trade receivables | 40 | €209,848 | €212,729 | +€2,881 | +1.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €365,136 | €500,556 | +€135,420 | +37.1% |
| Deferred charges and accrued income | 490/1 | €15,547 | €19,112 | +€3,565 | +22.9% |
| Total equity and liabilities | 10/49 | €2,211,741 | €2,365,129 | +€153,388 | +6.9% |
| Equity | 10/15 | €1,786,029 | €903,499 | -€882,530 | -49.4% |
| Contributions | 10/11 | €216,000 | €216,000 | = | 0.0% |
| Reserves | 13 | €1,570,029 | €687,499 | -€882,530 | -56.2% |
| Tax-exempt reserves | 132 | €2,589 | €0 | -€2,589 | -100% |
| Distributable reserves | 133 | €1,567,439 | €687,499 | -€879,940 | -56.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €936 | €0 | -€936 | -100% |
| Deferred taxes | 168 | €936 | €0 | -€936 | -100% |
| Amounts payable | 17/49 | €424,777 | €1,461,630 | +€1.0m | +244% |
| Amounts payable after more than one year | 17 | €154,715 | €707,054 | +€552,338 | +357% |
| Financial debts | 170/4 | €154,715 | €707,054 | +€552,338 | +357% |
| Amounts payable within one year | 42/48 | €270,061 | €754,576 | +€484,515 | +179% |
| Current portion of amounts payable after more than one year | 42 | €63,120 | €109,321 | +€46,202 | +73.2% |
| Trade debts | 44 | €96,368 | €160,807 | +€64,439 | +66.9% |
| Suppliers | 440/4 | €96,368 | €160,807 | +€64,439 | +66.9% |
| Taxes, remuneration and social security | 45 | €110,573 | €84,448 | -€26,125 | -23.6% |
| Taxes | 450/3 | €59,519 | €31,766 | -€27,752 | -46.6% |
| Remuneration and social security | 454/9 | €51,055 | €52,682 | +€1,627 | +3.2% |
| Other amounts payable | 47/48 | - | €400,000 | +€400,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €722,201 | €690,397 | -€31,804 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,643 | €78,691 | -€2,952 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €554 | €0 | -€554 | -100% |
| Other operating charges | 640/8 | €3,963 | €5,749 | +€1,786 | +45.1% |
| Gross operating margin | 9900 | €1,129,811 | €1,091,566 | -€38,245 | -3.4% |
| Operating profit (loss) | 9901 | €321,451 | €316,730 | -€4,721 | -1.5% |
| Financial income | 75/76B | €3,655 | €2,890 | -€765 | -20.9% |
| Recurring financial income | 75 | €3,655 | €2,890 | -€765 | -20.9% |
| Financial charges | 65/66B | €26,415 | €27,186 | +€771 | +2.9% |
| Recurring financial charges | 65 | €26,415 | €25,997 | -€418 | -1.6% |
| Non-recurring financial charges | 66B | - | €1,189 | +€1,189 | |
| Profit (loss) for the period before taxes | 9903 | €298,692 | €292,434 | -€6,258 | -2.1% |
| Transfer from deferred taxes | 780 | €802 | €936 | +€134 | +16.7% |
| Income taxes | 67/77 | €74,899 | €75,899 | +€1,001 | +1.3% |
| Profit (loss) for the period | 9904 | €224,595 | €217,470 | -€7,124 | -3.2% |
| Transfer from tax-exempt reserves | 789 | €2,625 | €2,589 | -€36 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €227,220 | €220,060 | -€7,160 | -3.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.