J. VRANCKEN: 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.
J. VRANCKEN
Largest movements
- Current investments +€100,000
up €100,000 (+20,000%), from €500 to €100,500
- Cash -€27,833
down €27,833 (-42.7%), from €65,121 to €37,288
mainly Current investments (-€100,000) and Receivables within one year (-€18,406)
- Receivables within one year +€18,406
up €18,406 (+331%), from €5,557 to €23,962
of which Other amounts receivable: +€18,406
- Deferred charges and accrued income +€12,153
up €12,153 (+510%), from €2,383 to €14,535
- Tangible fixed assets -€5,614
down €5,614 (-15.1%), from €37,260 to €31,645
of which Land and buildings: -€4,803
- Reserves +€85,232
up €85,232 (+78.1%), from €109,153 to €194,385
of which Distributable reserves: +€85,232
- Other debts +€16,000
up €16,000 (+1,882%), from €850 to €16,850
- Tax, wage and social debts -€3,834
down €3,834 (-25.9%), from €14,822 to €10,988
- Gross operating margin +€98,579
up €98,579 (+193%), from €51,085 to €149,664
- Taxes +€33,732
up €33,732 (+357%), from €9,455 to €43,187
- Financial income +€3,481
up €3,481 (+343%), from €1,014 to €4,495
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 | €259,478 | €356,588 | +€97,110 | +37.4% |
| Fixed assets | 21/28 | €154,918 | €149,303 | -€5,614 | -3.6% |
| Tangible fixed assets | 22/27 | €37,260 | €31,645 | -€5,614 | -15.1% |
| Land and buildings | 22 | €24,611 | €19,808 | -€4,803 | -19.5% |
| Plant, machinery and equipment | 23 | €1,565 | €1,375 | -€190 | -12.1% |
| Furniture and vehicles | 24 | €11,084 | €10,463 | -€622 | -5.6% |
| Financial fixed assets | 28 | €117,658 | €117,658 | = | 0.0% |
| Current assets | 29/58 | €104,560 | €207,285 | +€102,725 | +98.2% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,557 | €23,962 | +€18,406 | +331% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,557 | €23,962 | +€18,406 | +331% |
| Current investments | 50/53 | €500 | €100,500 | +€100,000 | +20,000% |
| Cash at bank and in hand | 54/58 | €65,121 | €37,288 | -€27,833 | -42.7% |
| Deferred charges and accrued income | 490/1 | €2,383 | €14,535 | +€12,153 | +510% |
| Total equity and liabilities | 10/49 | €259,478 | €356,588 | +€97,110 | +37.4% |
| Equity | 10/15 | €235,697 | €320,079 | +€84,382 | +35.8% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €109,153 | €194,385 | +€85,232 | +78.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €36,981 | €36,981 | = | 0.0% |
| Distributable reserves | 133 | €72,171 | €157,403 | +€85,232 | +118% |
| Profit (loss) carried forward | 14 | €77,945 | €77,095 | -€850 | -1.1% |
| Amounts payable | 17/49 | €23,781 | €36,509 | +€12,729 | +53.5% |
| Amounts payable within one year | 42/48 | €23,396 | €36,112 | +€12,716 | +54.4% |
| Financial debts | 43 | €2,592 | €0 | -€2,592 | -100% |
| Credit institutions | 430/8 | €2,592 | €0 | -€2,592 | -100% |
| Trade debts | 44 | €5,132 | €8,275 | +€3,142 | +61.2% |
| Suppliers | 440/4 | €5,132 | €8,275 | +€3,142 | +61.2% |
| Taxes, remuneration and social security | 45 | €14,822 | €10,988 | -€3,834 | -25.9% |
| Taxes | 450/3 | €14,822 | €10,988 | -€3,834 | -25.9% |
| Other amounts payable | 47/48 | €850 | €16,850 | +€16,000 | +1,882% |
| Accrued charges and deferred income | 492/3 | €384 | €397 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,107 | €5,614 | +€507 | +9.9% |
| Other operating charges | 640/8 | €1,042 | €2,151 | +€1,109 | +106% |
| Gross operating margin | 9900 | €51,085 | €149,664 | +€98,579 | +193% |
| Operating profit (loss) | 9901 | €44,936 | €141,898 | +€96,963 | +216% |
| Financial income | 75/76B | €1,014 | €4,495 | +€3,481 | +343% |
| Recurring financial income | 75 | €1,014 | €4,495 | +€3,481 | +343% |
| Financial charges | 65/66B | €1,906 | €1,974 | +€68 | +3.6% |
| Recurring financial charges | 65 | €1,906 | €1,974 | +€68 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €44,043 | €144,419 | +€100,376 | +228% |
| Income taxes | 67/77 | €9,455 | €43,187 | +€33,732 | +357% |
| Profit (loss) for the period | 9904 | €34,588 | €101,232 | +€66,644 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €34,588 | €101,232 | +€66,644 | +193% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.