RANIVO: 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.
RANIVO
Largest movements
- Cash -€30,012
down €30,012 (-48.9%), from €61,379 to €31,367
mainly Debts after one year (-€57,395) and Other debts (-€31,844)
- Tangible fixed assets -€12,178
down €12,178 (-1.5%), from €806,535 to €794,358
of which Land and buildings: -€11,636
- Debts after one year -€57,395
down €57,395 (-15.6%), from €367,809 to €310,414
- Reserves +€49,464
up €49,464 (+14.3%), from €344,838 to €394,302
of which Distributable reserves: +€49,464
- Other debts -€31,844
down €31,844 (-88.4%), from €36,040 to €4,196
- Gross operating margin +€6,704
up €6,704 (+6.4%), from €104,296 to €111,000
- Financial charges -€3,778
down €3,778 (-16.5%), from €22,890 to €19,113
- Taxes +€3,015
up €3,015 (+15.2%), from €19,849 to €22,863
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 | €872,494 | €837,517 | -€34,977 | -4.0% |
| Fixed assets | 21/28 | €806,535 | €794,358 | -€12,178 | -1.5% |
| Tangible fixed assets | 22/27 | €806,535 | €794,358 | -€12,178 | -1.5% |
| Land and buildings | 22 | €803,898 | €792,262 | -€11,636 | -1.4% |
| Plant, machinery and equipment | 23 | €2,637 | €2,096 | -€541 | -20.5% |
| Current assets | 29/58 | €65,958 | €43,159 | -€22,799 | -34.6% |
| Amounts receivable within one year | 40/41 | €3,726 | €8,727 | +€5,001 | +134.2% |
| Trade receivables | 40 | €1,326 | €6,327 | +€5,001 | +377.0% |
| Other amounts receivable | 41 | €2,400 | €2,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,379 | €31,367 | -€30,012 | -48.9% |
| Deferred charges and accrued income | 490/1 | €853 | €3,065 | +€2,212 | +259.4% |
| Total equity and liabilities | 10/49 | €872,494 | €837,517 | -€34,977 | -4.0% |
| Equity | 10/15 | €404,838 | €454,302 | +€49,464 | +12.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €344,838 | €394,302 | +€49,464 | +14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €344,838 | €394,302 | +€49,464 | +14.3% |
| Amounts payable | 17/49 | €467,656 | €383,215 | -€84,441 | -18.1% |
| Amounts payable after more than one year | 17 | €367,809 | €310,414 | -€57,395 | -15.6% |
| Financial debts | 170/4 | €367,809 | €310,414 | -€57,395 | -15.6% |
| Amounts payable within one year | 42/48 | €99,846 | €72,800 | -€27,046 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €54,896 | €57,395 | +€2,500 | +4.6% |
| Trade debts | 44 | €1,138 | €410 | -€728 | -64.0% |
| Suppliers | 440/4 | €1,138 | €410 | -€728 | -64.0% |
| Taxes, remuneration and social security | 45 | €7,773 | €10,799 | +€3,026 | +38.9% |
| Taxes | 450/3 | €6,523 | €9,549 | +€3,026 | +46.4% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €36,040 | €4,196 | -€31,844 | -88.4% |
| Non-recurring operating income | 76A | - | €271 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,706 | €12,178 | +€472 | +4.0% |
| Other operating charges | 640/8 | €7,164 | €7,382 | +€218 | +3.0% |
| Gross operating margin | 9900 | €104,296 | €111,000 | +€6,704 | +6.4% |
| Operating profit (loss) | 9901 | €85,426 | €91,440 | +€6,014 | +7.0% |
| Financial charges | 65/66B | €22,890 | €19,113 | -€3,778 | -16.5% |
| Recurring financial charges | 65 | €22,890 | €19,113 | -€3,778 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €62,536 | €72,327 | +€9,792 | +15.7% |
| Income taxes | 67/77 | €19,849 | €22,863 | +€3,015 | +15.2% |
| Profit (loss) for the period | 9904 | €42,687 | €49,464 | +€6,777 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,687 | €49,464 | +€6,777 | +15.9% |
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 6 October 2026 via checked.be.