RANAPRO: 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.
RANAPRO
Largest movements
- Receivables within one year +€25,646
up €25,646 (+14.9%), from €172,164 to €197,810
of which Trade receivables: +€23,470
- Cash -€17,464
down €17,464 (-64.9%), from €26,920 to €9,456
mainly Net result for the year (-€65,253) and Receivables within one year (-€25,646)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Formation expenses +€3,807
up €3,807 (+37.7%), from €10,108 to €13,915
- Tax, wage and social debts +€68,523
up €68,523 (+37.2%), from €184,279 to €252,803
of which Remuneration and social security: +€67,752
- Profit (loss) carried forward -€65,253
down €65,253 (-22.5%), from -€289,869 to -€355,122
- Debts after one year -€15,387
down €15,387 (-6.2%), from €248,041 to €232,654
- Trade debts +€13,416
up €13,416 (+33.0%), from €40,681 to €54,097
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin +€141,037
up €141,037 (+39.4%), from €357,791 to €498,828
- Staff costs +€136,613
up €136,613 (+34.4%), from €397,397 to €534,011
- Other operating charges +€8,135
up €8,135 (+264.5%), from €3,075 to €11,211
- Depreciation +€7,390
up €7,390 (+215.9%), from €3,423 to €10,813
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 | €233,419 | €251,891 | +€18,473 | +7.9% |
| Formation expenses | 20 | €10,108 | €13,915 | +€3,807 | +37.7% |
| Fixed assets | 21/28 | €21,174 | €21,119 | -€56 | -0.3% |
| Tangible fixed assets | 22/27 | €19,874 | €19,819 | -€56 | -0.3% |
| Land and buildings | 22 | €1,546 | €1,237 | -€309 | -20.0% |
| Plant, machinery and equipment | 23 | €17,859 | €15,895 | -€1,964 | -11.0% |
| Furniture and vehicles | 24 | €470 | €286 | -€183 | -39.0% |
| Other tangible fixed assets | 26 | - | €2,400 | +€2,400 | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €202,136 | €216,857 | +€14,721 | +7.3% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €172,164 | €197,810 | +€25,646 | +14.9% |
| Trade receivables | 40 | €63,733 | €87,204 | +€23,470 | +36.8% |
| Other amounts receivable | 41 | €108,431 | €110,606 | +€2,176 | +2.0% |
| Cash at bank and in hand | 54/58 | €26,920 | €9,456 | -€17,464 | -64.9% |
| Deferred charges and accrued income | 490/1 | €3,052 | €4,592 | +€1,539 | +50.4% |
| Total equity and liabilities | 10/49 | €233,419 | €251,891 | +€18,473 | +7.9% |
| Equity | 10/15 | -€283,669 | -€348,922 | -€65,253 | -23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,869 | -€355,122 | -€65,253 | -22.5% |
| Amounts payable | 17/49 | €517,088 | €600,814 | +€83,726 | +16.2% |
| Amounts payable after more than one year | 17 | €248,041 | €232,654 | -€15,387 | -6.2% |
| Financial debts | 170/4 | €248,041 | €232,654 | -€15,387 | -6.2% |
| Amounts payable within one year | 42/48 | €267,675 | €360,886 | +€93,211 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €17,715 | €16,986 | -€729 | -4.1% |
| Financial debts | 43 | €25,000 | €27,000 | +€2,000 | +8.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | - | €2,000 | +€2,000 | |
| Trade debts | 44 | €40,681 | €54,097 | +€13,416 | +33.0% |
| Suppliers | 440/4 | €40,681 | €54,097 | +€13,416 | +33.0% |
| Taxes, remuneration and social security | 45 | €184,279 | €252,803 | +€68,523 | +37.2% |
| Taxes | 450/3 | €16,678 | €17,450 | +€771 | +4.6% |
| Remuneration and social security | 454/9 | €167,601 | €235,353 | +€67,752 | +40.4% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €1,371 | €7,274 | +€5,902 | +430.4% |
| Remuneration, social security and pensions | 62 | €397,397 | €534,011 | +€136,613 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,423 | €10,813 | +€7,390 | +215.9% |
| Other operating charges | 640/8 | €3,075 | €11,211 | +€8,135 | +264.5% |
| Operating charges capitalised as restructuring costs | 649 | -€10,246 | -€11,364 | -€1,118 | -10.9% |
| Non-recurring operating charges | 66A | €3,382 | €2,237 | -€1,145 | -33.8% |
| Gross operating margin | 9900 | €357,791 | €498,828 | +€141,037 | +39.4% |
| Operating profit (loss) | 9901 | -€39,240 | -€48,079 | -€8,839 | -22.5% |
| Financial income | 75/76B | €5,586 | €4,886 | -€700 | -12.5% |
| Recurring financial income | 75 | €5,586 | €4,886 | -€700 | -12.5% |
| Financial charges | 65/66B | €17,302 | €22,061 | +€4,759 | +27.5% |
| Recurring financial charges | 65 | €17,302 | €22,061 | +€4,759 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,955 | -€65,253 | -€14,298 | -28.1% |
| Income taxes | 67/77 | €368 | - | -€368 | |
| Profit (loss) for the period | 9904 | -€51,323 | -€65,253 | -€13,930 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,323 | -€65,253 | -€13,930 | -27.1% |
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 28 September 2026 via checked.be.