IMMO VRANCKX: 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.
IMMO VRANCKX
Largest movements
- Tangible fixed assets -€33,800
down €33,800 (-8.3%), from €409,383 to €375,583
of which Land and buildings: -€20,872
- Cash +€8,492
up €8,492 (+8.1%), from €104,806 to €113,298
mainly Depreciation (+€33,800) and Receivables within one year (+€3,017)
- Current portion of long-term debt -€13,378
down €13,378 (-61.4%), from €21,792 to €8,413
- Debts after one year -€8,413
down €8,413 (-100.0%), from €8,413 to €0
- Other operating charges -€5,860
down €5,860 (-37.7%), from €15,523 to €9,663
- Gross operating margin -€4,048
down €4,048 (-8.9%), from €45,564 to €41,516
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 | €595,716 | €567,471 | -€28,245 | -4.7% |
| Fixed assets | 21/28 | €409,383 | €375,583 | -€33,800 | -8.3% |
| Tangible fixed assets | 22/27 | €409,383 | €375,583 | -€33,800 | -8.3% |
| Land and buildings | 22 | €278,465 | €257,593 | -€20,872 | -7.5% |
| Plant, machinery and equipment | 23 | €130,918 | €117,990 | -€12,928 | -9.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €186,332 | €191,888 | +€5,555 | +3.0% |
| Amounts receivable within one year | 40/41 | €77,793 | €74,776 | -€3,017 | -3.9% |
| Other amounts receivable | 41 | €77,793 | €74,776 | -€3,017 | -3.9% |
| Cash at bank and in hand | 54/58 | €104,806 | €113,298 | +€8,492 | +8.1% |
| Deferred charges and accrued income | 490/1 | €3,734 | €3,814 | +€80 | +2.2% |
| Total equity and liabilities | 10/49 | €595,716 | €567,471 | -€28,245 | -4.7% |
| Equity | 10/15 | €520,733 | €518,929 | -€1,804 | -0.3% |
| Contributions | 10/11 | €287,556 | €287,556 | = | 0.0% |
| Capital | 10 | €287,556 | €287,556 | = | 0.0% |
| Issued capital | 100 | €287,556 | €287,556 | = | 0.0% |
| Reserves | 13 | €233,176 | €231,373 | -€1,804 | -0.8% |
| Non-distributable reserves | 130/1 | €22,911 | €27,581 | +€4,670 | +20.4% |
| Legal reserve | 130 | €22,911 | €27,581 | +€4,670 | +20.4% |
| Tax-exempt reserves | 132 | €112,460 | €105,986 | -€6,474 | -5.8% |
| Distributable reserves | 133 | €97,805 | €97,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,274 | €19,116 | -€2,158 | -10.1% |
| Deferred taxes | 168 | €21,274 | €19,116 | -€2,158 | -10.1% |
| Amounts payable | 17/49 | €53,709 | €29,425 | -€24,283 | -45.2% |
| Amounts payable after more than one year | 17 | €8,413 | €0 | -€8,413 | -100.0% |
| Financial debts | 170/4 | €8,413 | €0 | -€8,413 | -100.0% |
| Amounts payable within one year | 42/48 | €45,295 | €29,425 | -€15,870 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €21,792 | €8,413 | -€13,378 | -61.4% |
| Trade debts | 44 | €1,682 | €1,722 | +€40 | +2.4% |
| Suppliers | 440/4 | €1,682 | €1,722 | +€40 | +2.4% |
| Taxes, remuneration and social security | 45 | €1,150 | €2,360 | +€1,210 | +105.2% |
| Taxes | 450/3 | €1,150 | €2,360 | +€1,210 | +105.2% |
| Other amounts payable | 47/48 | €20,672 | €16,931 | -€3,741 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,896 | €33,800 | -€96 | -0.3% |
| Other operating charges | 640/8 | €15,523 | €9,663 | -€5,860 | -37.7% |
| Gross operating margin | 9900 | €45,564 | €41,516 | -€4,048 | -8.9% |
| Operating profit (loss) | 9901 | -€3,856 | -€1,948 | +€1,908 | +49.5% |
| Financial income | 75/76B | €220 | €183 | -€37 | -17.0% |
| Recurring financial income | 75 | €220 | €183 | -€37 | -17.0% |
| Financial charges | 65/66B | €869 | €581 | -€287 | -33.1% |
| Recurring financial charges | 65 | €869 | €581 | -€287 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,505 | -€2,347 | +€2,158 | +47.9% |
| Transfer from deferred taxes | 780 | €2,158 | €2,158 | = | 0.0% |
| Income taxes | 67/77 | €1,216 | €1,615 | +€399 | +32.8% |
| Profit (loss) for the period | 9904 | -€3,563 | -€1,804 | +€1,759 | +49.4% |
| Transfer from tax-exempt reserves | 789 | €6,474 | €6,474 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,911 | €4,670 | +€1,759 | +60.4% |
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 5 October 2026 via checked.be.