Ets Fr. VRANCKX: 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.
Ets Fr. VRANCKX
Largest movements
- Cash -€30,961
down €30,961 (-8.7%), from €354,358 to €323,397
mainly Net result for the year (-€24,375) and Current investments (-€19,555)
- Current investments +€19,555
up €19,555 (+2.8%), from €693,430 to €712,985
- Reserves -€24,375
down €24,375 (-2.9%), from €843,409 to €819,034
of which Distributable reserves: -€24,333
- Financial income -€7,503
down €7,503 (-38.6%), from €19,441 to €11,938
- Gross operating margin -€3,024
down €3,024 (-11.6%), from -€26,177 to -€29,201
- Depreciation -€761
down €761 (-23.9%), from €3,181 to €2,419
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 | €1,109,293 | €1,083,577 | -€25,716 | -2.3% |
| Fixed assets | 21/28 | €42,770 | €40,351 | -€2,419 | -5.7% |
| Tangible fixed assets | 22/27 | €42,770 | €40,351 | -€2,419 | -5.7% |
| Land and buildings | 22 | €42,470 | €40,088 | -€2,382 | -5.6% |
| Plant, machinery and equipment | 23 | €300 | €263 | -€38 | -12.5% |
| Current assets | 29/58 | €1,066,523 | €1,043,226 | -€23,297 | -2.2% |
| Amounts receivable within one year | 40/41 | €12,246 | €4,178 | -€8,068 | -65.9% |
| Trade receivables | 40 | €4,959 | €648 | -€4,311 | -86.9% |
| Other amounts receivable | 41 | €7,287 | €3,530 | -€3,758 | -51.6% |
| Current investments | 50/53 | €693,430 | €712,985 | +€19,555 | +2.8% |
| Cash at bank and in hand | 54/58 | €354,358 | €323,397 | -€30,961 | -8.7% |
| Deferred charges and accrued income | 490/1 | €6,489 | €2,666 | -€3,823 | -58.9% |
| Total equity and liabilities | 10/49 | €1,109,293 | €1,083,577 | -€25,716 | -2.3% |
| Equity | 10/15 | €1,015,409 | €991,034 | -€24,375 | -2.4% |
| Contributions | 10/11 | €172,000 | €172,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Share premium | 1100/10 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €843,409 | €819,034 | -€24,375 | -2.9% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €42 | €0 | -€42 | -100% |
| Distributable reserves | 133 | €836,167 | €811,834 | -€24,333 | -2.9% |
| Provisions and deferred taxes | 16 | €22 | €0 | -€22 | -100% |
| Deferred taxes | 168 | €22 | €0 | -€22 | -100% |
| Amounts payable | 17/49 | €93,862 | €92,543 | -€1,320 | -1.4% |
| Amounts payable within one year | 42/48 | €91,878 | €91,743 | -€135 | -0.1% |
| Taxes, remuneration and social security | 45 | €135 | €0 | -€135 | -100% |
| Taxes | 450/3 | €135 | €0 | -€135 | -100% |
| Other amounts payable | 47/48 | €91,743 | €91,743 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,984 | €800 | -€1,184 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,181 | €2,419 | -€761 | -23.9% |
| Other operating charges | 640/8 | €4,411 | €4,444 | +€34 | +0.8% |
| Gross operating margin | 9900 | -€26,177 | -€29,201 | -€3,024 | -11.6% |
| Operating profit (loss) | 9901 | -€33,768 | -€36,065 | -€2,296 | -6.8% |
| Financial income | 75/76B | €19,441 | €11,938 | -€7,503 | -38.6% |
| Recurring financial income | 75 | €19,441 | €11,938 | -€7,503 | -38.6% |
| Financial charges | 65/66B | €243 | €207 | -€36 | -14.8% |
| Recurring financial charges | 65 | €243 | €207 | -€36 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,570 | -€24,333 | -€9,763 | -67.0% |
| Transfer from deferred taxes | 780 | €94 | €22 | -€72 | -76.9% |
| Income taxes | 67/77 | €59 | €63 | +€4 | +6.3% |
| Profit (loss) for the period | 9904 | -€14,536 | -€24,375 | -€9,839 | -67.7% |
| Transfer from tax-exempt reserves | 789 | €182 | €42 | -€140 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,354 | -€24,333 | -€9,979 | -69.5% |
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.