JEF 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.
JEF VRANKEN
Largest movements
- Tangible fixed assets -€9,365
down €9,365 (-4.3%), from €220,150 to €210,785
of which Land and buildings: -€8,915
- Cash -€3,513
down €3,513 (-48.6%), from €7,227 to €3,714
mainly Other debts (-€8,915) and Net result for the year (-€4,412)
- Other debts -€8,915
down €8,915 (-5.0%), from €177,410 to €168,495
- Profit (loss) carried forward -€4,412
down €4,412 (-15.8%), from €27,839 to €23,427
- Other operating charges +€785
up €785 (+175%), from €449 to €1,234
- Gross operating margin -€388
down €388 (-5.8%), from €6,695 to €6,307
- Financial charges +€84
up €84 (+238%), from €35 to €119
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 | €228,209 | €214,499 | -€13,710 | -6.0% |
| Fixed assets | 21/28 | €220,150 | €210,785 | -€9,365 | -4.3% |
| Tangible fixed assets | 22/27 | €220,150 | €210,785 | -€9,365 | -4.3% |
| Land and buildings | 22 | €219,471 | €210,556 | -€8,915 | -4.1% |
| Plant, machinery and equipment | 23 | €679 | €229 | -€450 | -66.2% |
| Current assets | 29/58 | €8,059 | €3,714 | -€4,345 | -53.9% |
| Cash at bank and in hand | 54/58 | €7,227 | €3,714 | -€3,513 | -48.6% |
| Deferred charges and accrued income | 490/1 | €832 | - | -€832 | |
| Total equity and liabilities | 10/49 | €228,209 | €214,499 | -€13,710 | -6.0% |
| Equity | 10/15 | €48,290 | €43,879 | -€4,412 | -9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,839 | €23,427 | -€4,412 | -15.8% |
| Amounts payable | 17/49 | €179,918 | €170,620 | -€9,298 | -5.2% |
| Amounts payable within one year | 42/48 | €177,918 | €168,620 | -€9,298 | -5.2% |
| Trade debts | 44 | €508 | €125 | -€384 | -75.4% |
| Suppliers | 440/4 | €508 | €125 | -€384 | -75.4% |
| Other amounts payable | 47/48 | €177,410 | €168,495 | -€8,915 | -5.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,365 | €9,365 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €1,234 | +€785 | +175% |
| Gross operating margin | 9900 | €6,695 | €6,307 | -€388 | -5.8% |
| Operating profit (loss) | 9901 | -€3,120 | -€4,292 | -€1,173 | -37.6% |
| Financial charges | 65/66B | €35 | €119 | +€84 | +238% |
| Recurring financial charges | 65 | €35 | €119 | +€84 | +238% |
| Profit (loss) for the period before taxes | 9903 | -€3,155 | -€4,412 | -€1,257 | -39.8% |
| Profit (loss) for the period | 9904 | -€3,155 | -€4,412 | -€1,257 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,155 | -€4,412 | -€1,257 | -39.8% |
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 15 October 2026 via checked.be.