RANIE: 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.
RANIE
Largest movements
- Tangible fixed assets -€13,614
down €13,614 (-33.4%), from €40,817 to €27,204
of which Furniture and vehicles: -€11,519
- Receivables within one year +€11,912
up €11,912 (+4.2%), from €285,518 to €297,430
of which Trade receivables: +€11,972
- Stocks and contracts -€6,680
down €6,680 (-4.2%), from €160,760 to €154,080
- Cash +€5,129
up €5,129 (+132%), from €3,890 to €9,019
mainly Trade debts (+€54,564) and Depreciation (+€15,826)
- Trade debts +€54,564
up €54,564 (+22.3%), from €244,702 to €299,266
- Debts after one year -€29,552
down €29,552 (-22.1%), from €133,919 to €104,367
- Tax, wage and social debts -€20,097
down €20,097 (-29.8%), from €67,459 to €47,362
of which Taxes: -€17,473
- Current portion of long-term debt -€15,477
down €15,477 (-20.8%), from €74,405 to €58,928
- Gross operating margin -€115,724
down €115,724 (-68.0%), from €170,287 to €54,563
- Financial charges -€83,077
down €83,077 (-79.6%), from €104,397 to €21,320
- Other operating charges -€17,350
down €17,350 (-87.6%), from €19,815 to €2,465
- Staff costs -€15,663
down €15,663 (-47.3%), from €33,131 to €17,468
- Taxes -€13,505
down €13,505 (-97.9%), from €13,797 to €292
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 | €500,437 | €493,478 | -€6,959 | -1.4% |
| Fixed assets | 21/28 | €47,403 | €32,283 | -€15,120 | -31.9% |
| Tangible fixed assets | 22/27 | €40,817 | €27,204 | -€13,614 | -33.4% |
| Land and buildings | 22 | €3,714 | €2,578 | -€1,135 | -30.6% |
| Plant, machinery and equipment | 23 | €2,972 | €2,013 | -€960 | -32.3% |
| Furniture and vehicles | 24 | €34,131 | €22,613 | -€11,519 | -33.7% |
| Financial fixed assets | 28 | €6,586 | €5,079 | -€1,507 | -22.9% |
| Current assets | 29/58 | €453,033 | €461,195 | +€8,162 | +1.8% |
| Stocks and contracts in progress | 3 | €160,760 | €154,080 | -€6,680 | -4.2% |
| Stocks | 30/36 | €160,760 | €154,080 | -€6,680 | -4.2% |
| Amounts receivable within one year | 40/41 | €285,518 | €297,430 | +€11,912 | +4.2% |
| Trade receivables | 40 | €95,380 | €107,352 | +€11,972 | +12.6% |
| Other amounts receivable | 41 | €190,138 | €190,078 | -€60 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,890 | €9,019 | +€5,129 | +132% |
| Deferred charges and accrued income | 490/1 | €2,865 | €666 | -€2,199 | -76.8% |
| Total equity and liabilities | 10/49 | €500,437 | €493,478 | -€6,959 | -1.4% |
| Equity | 10/15 | -€22,048 | -€21,482 | +€566 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,140 | €85,140 | = | 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% |
| Tax-exempt reserves | 132 | €10,497 | €10,497 | = | 0.0% |
| Distributable reserves | 133 | €72,782 | €72,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,788 | -€125,221 | +€566 | +0.5% |
| Amounts payable | 17/49 | €522,485 | €514,960 | -€7,525 | -1.4% |
| Amounts payable after more than one year | 17 | €133,919 | €104,367 | -€29,552 | -22.1% |
| Financial debts | 170/4 | €133,919 | €104,367 | -€29,552 | -22.1% |
| Amounts payable within one year | 42/48 | €388,566 | €410,593 | +€22,027 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €74,405 | €58,928 | -€15,477 | -20.8% |
| Trade debts | 44 | €244,702 | €299,266 | +€54,564 | +22.3% |
| Suppliers | 440/4 | €244,702 | €299,266 | +€54,564 | +22.3% |
| Advances received on contracts in progress | 46 | €2,000 | €3,037 | +€1,037 | +51.8% |
| Taxes, remuneration and social security | 45 | €67,459 | €47,362 | -€20,097 | -29.8% |
| Taxes | 450/3 | €58,593 | €41,120 | -€17,473 | -29.8% |
| Remuneration and social security | 454/9 | €8,866 | €6,243 | -€2,624 | -29.6% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €33,131 | €17,468 | -€15,663 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,589 | €15,826 | -€11,763 | -42.6% |
| Other operating charges | 640/8 | €19,815 | €2,465 | -€17,350 | -87.6% |
| Gross operating margin | 9900 | €170,287 | €54,563 | -€115,724 | -68.0% |
| Operating profit (loss) | 9901 | €89,752 | €18,804 | -€70,948 | -79.0% |
| Financial income | 75/76B | €428 | €3,375 | +€2,946 | +688% |
| Recurring financial income | 75 | €428 | €3,375 | +€2,946 | +688% |
| Financial charges | 65/66B | €104,397 | €21,320 | -€83,077 | -79.6% |
| Recurring financial charges | 65 | €104,397 | €21,320 | -€83,077 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,217 | €858 | +€15,075 | |
| Income taxes | 67/77 | €13,797 | €292 | -€13,505 | -97.9% |
| Profit (loss) for the period | 9904 | -€28,014 | €566 | +€28,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,014 | €566 | +€28,580 |
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 20 October 2026 via checked.be.