Glas Concept Van Ransbeeck: what changed
What changed
Glas Concept Van Ransbeeck
NACE 43.343, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
€39,668
2024 · €41,289-€1,621
Equity
€165,950
2024 · €155,282+€10,668
Cash
€90,625
2024 · €86,268+€4,357
Balance sheet total
€242,753
2024 · €252,319-€9,566
Largest movements
Assets
- Tangible fixed assets -€14,103
down €14,103 (-14.7%), from €95,683 to €81,580
of which Leasing and similar rights: -€11,343
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Receivables within one year +€7,852
up €7,852 (+30.6%), from €25,627 to €33,479
of which Trade receivables: +€8,265
- Stocks and contracts +€4,925
up €4,925 (+20.2%), from €24,364 to €29,289
- Cash +€4,357
up €4,357 (+5.1%), from €86,268 to €90,625
mainly Net result for the year (+€39,668) and Depreciation (+€34,421)
Equity and liabilities
- Current portion of long-term debt -€18,390
down €18,390 (-58.7%), from €31,309 to €12,919
- Trade debts +€16,055
up €16,055 (+110%), from €14,563 to €30,617
- Debts after one year -€12,919
down €12,919 (-56.1%), from €23,022 to €10,103
- Reserves +€10,668
up €10,668 (+7.2%), from €149,082 to €159,750
- Accrued charges and deferred income -€8,238
down €8,238 (-100%), from €8,238 to €0
Income statement
- Staff costs +€2,885
up €2,885 (+6.4%), from €45,099 to €47,984
- Gross operating margin +€2,728
up €2,728 (+1.9%), from €143,772 to €146,500
- Write-downs +€2,400
up €2,400 (+98.2%), from -€2,444 to -€44
- Financial charges -€1,500
down €1,500 (-39.1%), from €3,841 to €2,341
Change in the result, 2024 to 2025
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 2024
€41,289
Gross operating margin
+€2,728
Staff costs
-€2,885
Depreciation
+€278
Write-downs
-€2,400
Other operating charges
-€947
Financial income
-€112
Financial charges
+€1,500
Taxes
+€217
Result 2025
€39,668
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€86,652
Investment
-€20,318
Financing
-€61,976
Cash 2024
€86,268
From operations (derived)
+€86,652
Net result for the year
+€39,668
Depreciation
+€34,421
Receivables after one year
+€12,000
Stocks and contracts
-€4,925
Receivables within one year
-€7,852
Deferred charges and accrued income
+€598
Trade debts
+€16,055
Tax, wage and social debts
+€3,009
Other debts
+€1,916
Accrued charges and deferred income
-€8,238
Investment (derived)
-€20,318
Investment in fixed assets (net)
-€20,318
Financing
-€61,976
Debts after one year
-€12,919
Current portion of long-term debt
-€18,390
Short-term financial debts
-€1,667
Contributions, distributions and other
-€29,000
Cash 2025
€90,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,319 | €242,753 | -€9,566 | -3.8% |
| Fixed assets | 21/28 | €101,170 | €87,068 | -€14,103 | -13.9% |
| Tangible fixed assets | 22/27 | €95,683 | €81,580 | -€14,103 | -14.7% |
| Land and buildings | 22 | €19,090 | €21,809 | +€2,719 | +14.2% |
| Plant, machinery and equipment | 23 | €5,496 | €10,930 | +€5,434 | +98.9% |
| Furniture and vehicles | 24 | €18,667 | €12,933 | -€5,735 | -30.7% |
| Leasing and similar rights | 25 | €33,009 | €21,666 | -€11,343 | -34.4% |
| Other tangible fixed assets | 26 | €19,421 | €14,243 | -€5,178 | -26.7% |
| Financial fixed assets | 28 | €5,487 | €5,487 | = | 0.0% |
| Current assets | 29/58 | €151,149 | €155,685 | +€4,536 | +3.0% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Stocks and contracts in progress | 3 | €24,364 | €29,289 | +€4,925 | +20.2% |
| Stocks | 30/36 | €24,364 | €29,289 | +€4,925 | +20.2% |
| Amounts receivable within one year | 40/41 | €25,627 | €33,479 | +€7,852 | +30.6% |
| Trade receivables | 40 | €18,969 | €27,234 | +€8,265 | +43.6% |
| Other amounts receivable | 41 | €6,658 | €6,244 | -€413 | -6.2% |
| Cash at bank and in hand | 54/58 | €86,268 | €90,625 | +€4,357 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,890 | €2,292 | -€598 | -20.7% |
| Total equity and liabilities | 10/49 | €252,319 | €242,753 | -€9,566 | -3.8% |
| Equity | 10/15 | €155,282 | €165,950 | +€10,668 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,082 | €159,750 | +€10,668 | +7.2% |
| Distributable reserves | 133 | €149,082 | €159,750 | +€10,668 | +7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €97,037 | €76,803 | -€20,234 | -20.9% |
| Amounts payable after more than one year | 17 | €23,022 | €10,103 | -€12,919 | -56.1% |
| Financial debts | 170/4 | €23,022 | €10,103 | -€12,919 | -56.1% |
| Amounts payable within one year | 42/48 | €65,777 | €66,700 | +€923 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €31,309 | €12,919 | -€18,390 | -58.7% |
| Financial debts | 43 | €11,690 | €10,023 | -€1,667 | -14.3% |
| Credit institutions | 430/8 | - | €10,023 | +€10,023 | |
| Other loans | 439 | €11,690 | €0 | -€11,690 | -100% |
| Trade debts | 44 | €14,563 | €30,617 | +€16,055 | +110% |
| Suppliers | 440/4 | €14,563 | €30,617 | +€16,055 | +110% |
| Taxes, remuneration and social security | 45 | €8,180 | €11,189 | +€3,009 | +36.8% |
| Taxes | 450/3 | €2,276 | €4,334 | +€2,059 | +90.5% |
| Remuneration and social security | 454/9 | €5,905 | €6,855 | +€950 | +16.1% |
| Other amounts payable | 47/48 | €35 | €1,951 | +€1,916 | +5,507% |
| Accrued charges and deferred income | 492/3 | €8,238 | €0 | -€8,238 | -100% |
| Remuneration, social security and pensions | 62 | €45,099 | €47,984 | +€2,885 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,698 | €34,421 | -€278 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,444 | -€44 | +€2,400 | +98.2% |
| Other operating charges | 640/8 | €4,326 | €5,273 | +€947 | +21.9% |
| Gross operating margin | 9900 | €143,772 | €146,500 | +€2,728 | +1.9% |
| Operating profit (loss) | 9901 | €62,093 | €58,866 | -€3,226 | -5.2% |
| Financial income | 75/76B | €313 | €201 | -€112 | -35.8% |
| Recurring financial income | 75 | €313 | €201 | -€112 | -35.8% |
| Financial charges | 65/66B | €3,841 | €2,341 | -€1,500 | -39.1% |
| Recurring financial charges | 65 | €3,841 | €2,341 | -€1,500 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €58,564 | €56,726 | -€1,838 | -3.1% |
| Income taxes | 67/77 | €17,276 | €17,059 | -€217 | -1.3% |
| Profit (loss) for the period | 9904 | €41,289 | €39,668 | -€1,621 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,289 | €39,668 | -€1,621 | -3.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.