RANA: 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.
RANA
Largest movements
- Cash +€53,011
up €53,011 (+119%), from €44,662 to €97,673
mainly Net result for the year (+€160,313) and Depreciation (+€31,137)
- Tangible fixed assets -€18,314
down €18,314 (-14.4%), from €126,852 to €108,539
of which Plant, machinery and equipment: -€15,525
- Current investments -€9,304
down €9,304 (-1.5%), from €641,103 to €631,799
- Reserves +€160,000
up €160,000 (+41.8%), from €382,860 to €542,860
- Other debts -€93,976
no longer reported in 2025 (was €93,976)
- Debts after one year -€19,068
down €19,068 (-22.5%), from €84,589 to €65,521
- Tax, wage and social debts -€17,709
down €17,709 (-45.7%), from €38,751 to €21,042
- Gross operating margin -€13,003
down €13,003 (-4.8%), from €272,963 to €259,961
- Financial income +€8,051
up €8,051 (+377%), from €2,134 to €10,185
- Taxes -€3,688
down €3,688 (-4.7%), from €78,547 to €74,859
- Financial charges +€2,789
up €2,789 (+876%), from €318 to €3,107
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 | €889,613 | €910,820 | +€21,207 | +2.4% |
| Fixed assets | 21/28 | €126,892 | €108,579 | -€18,314 | -14.4% |
| Tangible fixed assets | 22/27 | €126,852 | €108,539 | -€18,314 | -14.4% |
| Plant, machinery and equipment | 23 | €70,038 | €54,514 | -€15,525 | -22.2% |
| Furniture and vehicles | 24 | €56,814 | €54,025 | -€2,789 | -4.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €762,721 | €802,241 | +€39,520 | +5.2% |
| Stocks and contracts in progress | 3 | €23,308 | €24,860 | +€1,553 | +6.7% |
| Stocks | 30/36 | €23,308 | €24,860 | +€1,553 | +6.7% |
| Amounts receivable within one year | 40/41 | €51,378 | €45,968 | -€5,410 | -10.5% |
| Trade receivables | 40 | €46,564 | €42,069 | -€4,495 | -9.7% |
| Other amounts receivable | 41 | €4,814 | €3,898 | -€915 | -19.0% |
| Current investments | 50/53 | €641,103 | €631,799 | -€9,304 | -1.5% |
| Cash at bank and in hand | 54/58 | €44,662 | €97,673 | +€53,011 | +119% |
| Deferred charges and accrued income | 490/1 | €2,270 | €1,941 | -€329 | -14.5% |
| Total equity and liabilities | 10/49 | €889,613 | €910,820 | +€21,207 | +2.4% |
| Equity | 10/15 | €628,217 | €788,529 | +€160,313 | +25.5% |
| Contributions | 10/11 | €13,025 | €13,025 | = | 0.0% |
| Reserves | 13 | €382,860 | €542,860 | +€160,000 | +41.8% |
| Distributable reserves | 133 | €382,860 | €542,860 | +€160,000 | +41.8% |
| Profit (loss) carried forward | 14 | €232,332 | €232,645 | +€313 | +0.1% |
| Amounts payable | 17/49 | €261,396 | €122,290 | -€139,106 | -53.2% |
| Amounts payable after more than one year | 17 | €84,589 | €65,521 | -€19,068 | -22.5% |
| Financial debts | 170/4 | €84,589 | €65,521 | -€19,068 | -22.5% |
| Amounts payable within one year | 42/48 | €166,524 | €47,104 | -€119,420 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €18,506 | €19,068 | +€563 | +3.0% |
| Trade debts | 44 | €15,291 | €6,994 | -€8,298 | -54.3% |
| Suppliers | 440/4 | €15,291 | €6,994 | -€8,298 | -54.3% |
| Taxes, remuneration and social security | 45 | €38,751 | €21,042 | -€17,709 | -45.7% |
| Taxes | 450/3 | €38,751 | €21,042 | -€17,709 | -45.7% |
| Other amounts payable | 47/48 | €93,976 | - | -€93,976 | |
| Accrued charges and deferred income | 492/3 | €10,283 | €9,666 | -€617 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,013 | €31,137 | +€2,124 | +7.3% |
| Other operating charges | 640/8 | €1,295 | €730 | -€565 | -43.6% |
| Non-recurring operating charges | 66A | €457 | - | -€457 | |
| Gross operating margin | 9900 | €272,963 | €259,961 | -€13,003 | -4.8% |
| Operating profit (loss) | 9901 | €242,198 | €228,094 | -€14,104 | -5.8% |
| Financial income | 75/76B | €2,134 | €10,185 | +€8,051 | +377% |
| Recurring financial income | 75 | €2,134 | €10,185 | +€8,051 | +377% |
| Financial charges | 65/66B | €318 | €3,107 | +€2,789 | +876% |
| Recurring financial charges | 65 | €318 | €3,107 | +€2,789 | +876% |
| Profit (loss) for the period before taxes | 9903 | €244,014 | €235,172 | -€8,843 | -3.6% |
| Income taxes | 67/77 | €78,547 | €74,859 | -€3,688 | -4.7% |
| Profit (loss) for the period | 9904 | €165,467 | €160,313 | -€5,154 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €165,467 | €160,313 | -€5,154 | -3.1% |
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 22 October 2026 via checked.be.