RANGOLEE: 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.
RANGOLEE
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-46.3%), from €4.0m to €2.2m
of which Trade receivables: -€1.8m
- Cash -€147,761
down €147,761 (-75.0%), from €197,134 to €49,373
mainly Trade debts (-€1.8m) and Tax, wage and social debts (-€159,318)
- Stocks and contracts -€143,838
down €143,838 (-49.4%), from €291,368 to €147,530
- Trade debts -€1.8m
down €1.8m (-64.0%), from €2.8m to €1.0m
- Tax, wage and social debts -€159,318
down €159,318 (-91.6%), from €173,907 to €14,589
of which Taxes: -€159,706
- Profit (loss) carried forward -€100,020
down €100,020 (-10.0%), from €1.0m to €900,309
- Current portion of long-term debt -€75,107
down €75,107 (-23.2%), from €324,336 to €249,229
- Financial charges +€438,284
up €438,284 (+113.2%), from €387,307 to €825,591
- Gross operating margin +€132,742
up €132,742 (+20.2%), from €658,555 to €791,296
- Taxes -€110,889
down €110,889 (-97.1%), from €114,228 to €3,339
- Staff costs +€100,699
up €100,699 (+136.5%), from €73,760 to €174,459
- Write-downs +€62,271
new in 2025: €62,271
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 | €4,744,665 | €2,613,785 | -€2.1m | -44.9% |
| Fixed assets | 21/28 | €15,261 | €27,140 | +€11,879 | +77.8% |
| Tangible fixed assets | 22/27 | €3,381 | €15,260 | +€11,879 | +351.3% |
| Furniture and vehicles | 24 | €3,381 | €15,260 | +€11,879 | +351.3% |
| Financial fixed assets | 28 | €11,880 | €11,880 | = | 0.0% |
| Current assets | 29/58 | €4,729,404 | €2,586,646 | -€2.1m | -45.3% |
| Amounts receivable after more than one year | 29 | €216,980 | €222,640 | +€5,660 | +2.6% |
| Other amounts receivable | 291 | €216,980 | €222,640 | +€5,660 | +2.6% |
| Stocks and contracts in progress | 3 | €291,368 | €147,530 | -€143,838 | -49.4% |
| Stocks | 30/36 | €291,368 | €147,530 | -€143,838 | -49.4% |
| Amounts receivable within one year | 40/41 | €4,020,862 | €2,158,715 | -€1.9m | -46.3% |
| Trade receivables | 40 | €3,736,595 | €1,906,131 | -€1.8m | -49.0% |
| Other amounts receivable | 41 | €284,267 | €252,583 | -€31,684 | -11.1% |
| Cash at bank and in hand | 54/58 | €197,134 | €49,373 | -€147,761 | -75.0% |
| Deferred charges and accrued income | 490/1 | €3,061 | €8,388 | +€5,328 | +174.1% |
| Total equity and liabilities | 10/49 | €4,744,665 | €2,613,785 | -€2.1m | -44.9% |
| Equity | 10/15 | €1,382,621 | €1,282,601 | -€100,020 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,692 | €363,692 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €361,832 | €361,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,000,329 | €900,309 | -€100,020 | -10.0% |
| Amounts payable | 17/49 | €3,362,044 | €1,331,184 | -€2.0m | -60.4% |
| Amounts payable within one year | 42/48 | €3,358,294 | €1,331,184 | -€2.0m | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €324,336 | €249,229 | -€75,107 | -23.2% |
| Financial debts | 43 | €28,994 | €44,587 | +€15,592 | +53.8% |
| Credit institutions | 430/8 | €28,994 | €44,587 | +€15,592 | +53.8% |
| Trade debts | 44 | €2,827,013 | €1,018,736 | -€1.8m | -64.0% |
| Suppliers | 440/4 | €2,827,013 | €1,018,736 | -€1.8m | -64.0% |
| Taxes, remuneration and social security | 45 | €173,907 | €14,589 | -€159,318 | -91.6% |
| Taxes | 450/3 | €163,090 | €3,385 | -€159,706 | -97.9% |
| Remuneration and social security | 454/9 | €10,817 | €11,204 | +€387 | +3.6% |
| Other amounts payable | 47/48 | €4,044 | €4,044 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,750 | - | -€3,750 | |
| Remuneration, social security and pensions | 62 | €73,760 | €174,459 | +€100,699 | +136.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,368 | €2,755 | +€1,387 | +101.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €62,271 | +€62,271 | |
| Other operating charges | 640/8 | €9,318 | €4,718 | -€4,600 | -49.4% |
| Gross operating margin | 9900 | €658,555 | €791,296 | +€132,742 | +20.2% |
| Operating profit (loss) | 9901 | €574,109 | €547,094 | -€27,016 | -4.7% |
| Financial income | 75/76B | €197,664 | €181,816 | -€15,848 | -8.0% |
| Recurring financial income | 75 | €197,664 | €181,816 | -€15,848 | -8.0% |
| Financial charges | 65/66B | €387,307 | €825,591 | +€438,284 | +113.2% |
| Recurring financial charges | 65 | €387,307 | €825,591 | +€438,284 | +113.2% |
| Profit (loss) for the period before taxes | 9903 | €384,466 | -€96,681 | -€481,147 | |
| Income taxes | 67/77 | €114,228 | €3,339 | -€110,889 | -97.1% |
| Profit (loss) for the period | 9904 | €270,238 | -€100,020 | -€370,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €270,238 | -€100,020 | -€370,259 |
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.