INGE VRANKEN: 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.
INGE VRANKEN
Largest movements
- Cash +€12,091
up €12,091 (+21.7%), from €55,767 to €67,859
mainly Net result for the year (+€33,805) and Receivables within one year (+€5,033)
- Tangible fixed assets +€9,631
new in 2025: €9,631
- Receivables within one year -€5,033
down €5,033 (-12.6%), from €40,031 to €34,998
of which Trade receivables: -€7,663
- Deferred charges and accrued income -€1,579
down €1,579 (-92.1%), from €1,715 to €136
- Reserves +€33,805
up €33,805 (+54.8%), from €61,715 to €95,520
- Tax, wage and social debts -€17,631
down €17,631 (-52.8%), from €33,384 to €15,753
- Gross operating margin +€6,794
up €6,794 (+16.8%), from €40,544 to €47,338
- Depreciation +€2,254
new in 2025: €2,254
- Taxes +€1,011
up €1,011 (+11.7%), from €8,654 to €9,665
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 | €97,512 | €112,623 | +€15,110 | +15.5% |
| Fixed assets | 21/28 | - | €9,631 | +€9,631 | |
| Tangible fixed assets | 22/27 | - | €9,631 | +€9,631 | |
| Furniture and vehicles | 24 | - | €9,631 | +€9,631 | |
| Current assets | 29/58 | €97,512 | €102,992 | +€5,480 | +5.6% |
| Amounts receivable within one year | 40/41 | €40,031 | €34,998 | -€5,033 | -12.6% |
| Trade receivables | 40 | €40,031 | €32,368 | -€7,663 | -19.1% |
| Other amounts receivable | 41 | - | €2,630 | +€2,630 | |
| Cash at bank and in hand | 54/58 | €55,767 | €67,859 | +€12,091 | +21.7% |
| Deferred charges and accrued income | 490/1 | €1,715 | €136 | -€1,579 | -92.1% |
| Total equity and liabilities | 10/49 | €97,512 | €112,623 | +€15,110 | +15.5% |
| Equity | 10/15 | €61,815 | €95,620 | +€33,805 | +54.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €61,715 | €95,520 | +€33,805 | +54.8% |
| Distributable reserves | 133 | €61,715 | €95,520 | +€33,805 | +54.8% |
| Amounts payable | 17/49 | €35,697 | €17,002 | -€18,695 | -52.4% |
| Amounts payable within one year | 42/48 | €35,606 | €17,002 | -€18,604 | -52.2% |
| Trade debts | 44 | €1,887 | €1,249 | -€638 | -33.8% |
| Suppliers | 440/4 | €1,887 | €1,249 | -€638 | -33.8% |
| Taxes, remuneration and social security | 45 | €33,384 | €15,753 | -€17,631 | -52.8% |
| Taxes | 450/3 | €33,384 | €15,753 | -€17,631 | -52.8% |
| Other amounts payable | 47/48 | €335 | €0 | -€335 | -100% |
| Accrued charges and deferred income | 492/3 | €91 | €0 | -€91 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,254 | +€2,254 | |
| Other operating charges | 640/8 | €1,072 | €1,233 | +€161 | +15.0% |
| Gross operating margin | 9900 | €40,544 | €47,338 | +€6,794 | +16.8% |
| Operating profit (loss) | 9901 | €39,472 | €43,851 | +€4,379 | +11.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €726 | €383 | -€343 | -47.3% |
| Recurring financial charges | 65 | €726 | €383 | -€343 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €38,746 | €43,470 | +€4,724 | +12.2% |
| Income taxes | 67/77 | €8,654 | €9,665 | +€1,011 | +11.7% |
| Profit (loss) for the period | 9904 | €30,092 | €33,805 | +€3,713 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,092 | €33,805 | +€3,713 | +12.3% |
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 14 October 2026 via checked.be.