Ets VRANCKEN: 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.
Ets VRANCKEN
Largest movements
- Tangible fixed assets +€22,738
up €22,738 (+93.7%), from €24,267 to €47,005
of which Furniture and vehicles: +€28,243
- Stocks and contracts +€6,677
up €6,677 (+6.9%), from €97,198 to €103,875
- Receivables within one year -€4,301
down €4,301 (-90.4%), from €4,760 to €459
- Deferred charges and accrued income -€1,972
down €1,972 (-51.8%), from €3,809 to €1,837
- Cash -€1,695
down €1,695 (-40.4%), from €4,196 to €2,501
mainly Investment in fixed assets (net) (-€33,720) and Stocks and contracts (-€6,677)
- Debts after one year +€10,121
up €10,121 (+429.4%), from €2,357 to €12,478
- Profit (loss) carried forward +€8,843
up €8,843 (+36.7%), from €24,105 to €32,948
- Current portion of long-term debt +€4,071
up €4,071 (+131.6%), from €3,094 to €7,165
- Trade debts +€3,057
up €3,057 (+75.6%), from €4,044 to €7,101
- Other debts -€2,964
down €2,964 (-4.4%), from €67,754 to €64,790
- Turnover -€13,337
down €13,337 (-8.6%), from €155,786 to €142,449
- Depreciation +€4,743
up €4,743 (+76.1%), from €6,235 to €10,978
- Taxes -€2,503
down €2,503 (-53.4%), from €4,683 to €2,180
- Gross operating margin +€2,141
up €2,141 (+9.7%), from €22,052 to €24,193
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 | €134,906 | €156,357 | +€21,451 | +15.9% |
| Fixed assets | 21/28 | €24,943 | €47,685 | +€22,742 | +91.2% |
| Tangible fixed assets | 22/27 | €24,267 | €47,005 | +€22,738 | +93.7% |
| Plant, machinery and equipment | 23 | €7,833 | €4,291 | -€3,542 | -45.2% |
| Furniture and vehicles | 24 | €138 | €28,381 | +€28,243 | +20465.9% |
| Other tangible fixed assets | 26 | €16,296 | €14,333 | -€1,963 | -12.0% |
| Financial fixed assets | 28 | €676 | €680 | +€4 | +0.6% |
| Current assets | 29/58 | €109,963 | €108,672 | -€1,291 | -1.2% |
| Stocks and contracts in progress | 3 | €97,198 | €103,875 | +€6,677 | +6.9% |
| Stocks | 30/36 | €97,198 | €103,875 | +€6,677 | +6.9% |
| Amounts receivable within one year | 40/41 | €4,760 | €459 | -€4,301 | -90.4% |
| Trade receivables | 40 | €4,760 | €459 | -€4,301 | -90.4% |
| Cash at bank and in hand | 54/58 | €4,196 | €2,501 | -€1,695 | -40.4% |
| Deferred charges and accrued income | 490/1 | €3,809 | €1,837 | -€1,972 | -51.8% |
| Total equity and liabilities | 10/49 | €134,906 | €156,357 | +€21,451 | +15.9% |
| Equity | 10/15 | €48,894 | €57,737 | +€8,843 | +18.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,105 | €32,948 | +€8,843 | +36.7% |
| Amounts payable | 17/49 | €86,012 | €98,620 | +€12,608 | +14.7% |
| Amounts payable after more than one year | 17 | €2,357 | €12,478 | +€10,121 | +429.4% |
| Financial debts | 170/4 | €2,357 | €12,478 | +€10,121 | +429.4% |
| Amounts payable within one year | 42/48 | €83,655 | €86,142 | +€2,487 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €3,094 | €7,165 | +€4,071 | +131.6% |
| Trade debts | 44 | €4,044 | €7,101 | +€3,057 | +75.6% |
| Suppliers | 440/4 | €4,044 | €7,101 | +€3,057 | +75.6% |
| Taxes, remuneration and social security | 45 | €8,763 | €7,086 | -€1,677 | -19.1% |
| Taxes | 450/3 | €8,763 | €7,086 | -€1,677 | -19.1% |
| Other amounts payable | 47/48 | €67,754 | €64,790 | -€2,964 | -4.4% |
| Turnover | 70 | €155,786 | €142,449 | -€13,337 | -8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €135,715 | €135,985 | +€270 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,235 | €10,978 | +€4,743 | +76.1% |
| Other operating charges | 640/8 | €1,322 | €1,420 | +€98 | +7.4% |
| Gross operating margin | 9900 | €22,052 | €24,193 | +€2,141 | +9.7% |
| Operating profit (loss) | 9901 | €14,495 | €11,795 | -€2,700 | -18.6% |
| Financial income | 75/76B | €1,068 | €868 | -€200 | -18.7% |
| Recurring financial income | 75 | €1,068 | €868 | -€200 | -18.7% |
| Financial charges | 65/66B | €1,107 | €1,640 | +€533 | +48.1% |
| Recurring financial charges | 65 | €1,107 | €1,640 | +€533 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €14,456 | €11,023 | -€3,433 | -23.7% |
| Income taxes | 67/77 | €4,683 | €2,180 | -€2,503 | -53.4% |
| Profit (loss) for the period | 9904 | €9,773 | €8,843 | -€930 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,773 | €8,843 | -€930 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.