RANES: 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.
RANES
Largest movements
- Tangible fixed assets -€5,759
down €5,759 (-10.3%), from €56,179 to €50,420
of which Leasing and similar rights: -€7,520
- Cash +€2,035
up €2,035 (+84441.5%), from €2 to €2,037
mainly Depreciation (+€17,855) and Current portion of long-term debt (+€2,564)
- Stocks and contracts +€1,500
new in 2025: €1,500
- Receivables within one year -€779
down €779 (-12.9%), from €6,048 to €5,269
of which Trade receivables: -€1,645
- Tax, wage and social debts -€4,848
down €4,848 (-87.5%), from €5,542 to €694
- Debts after one year -€3,635
down €3,635 (-15.8%), from €23,015 to €19,380
- Current portion of long-term debt +€2,564
up €2,564 (+39.8%), from €6,435 to €8,999
- Short-term financial debts +€2,204
up €2,204 (+111.2%), from €1,982 to €4,186
- Reserves +€964
up €964 (+4.7%), from €20,714 to €21,677
- Gross operating margin +€13,118
up €13,118 (+156.0%), from €8,410 to €21,528
- Depreciation +€9,654
up €9,654 (+117.7%), from €8,202 to €17,855
- Financial charges +€719
up €719 (+54.6%), from €1,316 to €2,035
- Other operating charges +€633
up €633 (+1021.2%), from €62 to €695
- Taxes -€241
down €241 (-99.8%), from €241 to €1
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 | €62,229 | €59,226 | -€3,003 | -4.8% |
| Fixed assets | 21/28 | €56,179 | €50,420 | -€5,759 | -10.3% |
| Tangible fixed assets | 22/27 | €56,179 | €50,420 | -€5,759 | -10.3% |
| Plant, machinery and equipment | 23 | €18,598 | €20,359 | +€1,761 | +9.5% |
| Leasing and similar rights | 25 | €37,582 | €30,061 | -€7,520 | -20.0% |
| Current assets | 29/58 | €6,050 | €8,806 | +€2,756 | +45.6% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €6,048 | €5,269 | -€779 | -12.9% |
| Trade receivables | 40 | €5,285 | €3,640 | -€1,645 | -31.1% |
| Other amounts receivable | 41 | €763 | €1,629 | +€866 | +113.5% |
| Cash at bank and in hand | 54/58 | €2 | €2,037 | +€2,035 | +84441.5% |
| Total equity and liabilities | 10/49 | €62,229 | €59,226 | -€3,003 | -4.8% |
| Equity | 10/15 | €22,714 | €23,677 | +€964 | +4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,714 | €21,677 | +€964 | +4.7% |
| Distributable reserves | 133 | €20,714 | €21,677 | +€964 | +4.7% |
| Amounts payable | 17/49 | €39,515 | €35,549 | -€3,966 | -10.0% |
| Amounts payable after more than one year | 17 | €23,015 | €19,380 | -€3,635 | -15.8% |
| Financial debts | 170/4 | €23,015 | €19,380 | -€3,635 | -15.8% |
| Amounts payable within one year | 42/48 | €16,500 | €16,169 | -€331 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,435 | €8,999 | +€2,564 | +39.8% |
| Financial debts | 43 | €1,982 | €4,186 | +€2,204 | +111.2% |
| Credit institutions | 430/8 | €1,982 | €4,186 | +€2,204 | +111.2% |
| Trade debts | 44 | €1,007 | €1,108 | +€101 | +10.0% |
| Suppliers | 440/4 | €1,007 | €1,108 | +€101 | +10.0% |
| Taxes, remuneration and social security | 45 | €5,542 | €694 | -€4,848 | -87.5% |
| Taxes | 450/3 | €5,542 | €694 | -€4,848 | -87.5% |
| Other amounts payable | 47/48 | €1,534 | €1,183 | -€352 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,202 | €17,855 | +€9,654 | +117.7% |
| Other operating charges | 640/8 | €62 | €695 | +€633 | +1021.2% |
| Gross operating margin | 9900 | €8,410 | €21,528 | +€13,118 | +156.0% |
| Operating profit (loss) | 9901 | €146 | €2,978 | +€2,831 | +1932.6% |
| Financial income | 75/76B | €19 | €22 | +€2 | +12.4% |
| Recurring financial income | 75 | €19 | €22 | +€2 | +12.4% |
| Financial charges | 65/66B | €1,316 | €2,035 | +€719 | +54.6% |
| Recurring financial charges | 65 | €1,316 | €2,035 | +€719 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,150 | €964 | +€2,114 | |
| Income taxes | 67/77 | €241 | €1 | -€241 | -99.8% |
| Profit (loss) for the period | 9904 | -€1,391 | €964 | +€2,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,391 | €964 | +€2,355 |
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 10 October 2026 via checked.be.