RANSBECK MANAGEMENT: 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.
RANSBECK MANAGEMENT
Largest movements
- Receivables within one year +€635,126
up €635,126 (+234%), from €271,306 to €906,432
of which Other amounts receivable: +€644,358
- Financial fixed assets -€450,000
down €450,000 (-58.7%), from €766,956 to €316,956
- Tangible fixed assets +€380,214
up €380,214 (+49.0%), from €776,679 to €1.2m
of which Other tangible fixed assets: +€343,805
- Cash -€32,063
down €32,063 (-69.6%), from €46,070 to €14,007
mainly Receivables within one year (-€635,126) and Contributions, distributions and other (-€62,000)
- Profit (loss) carried forward +€297,623
up €297,623 (+35.6%), from €835,764 to €1.1m
- Debts after one year +€141,969
up €141,969 (+30.9%), from €459,200 to €601,169
- Short-term financial debts +€69,349
up €69,349 (+36.4%), from €190,651 to €260,000
- Other debts +€68,463
up €68,463 (+40.9%), from €167,404 to €235,867
- Reserves -€62,000
down €62,000 (-44.9%), from €138,112 to €76,112
of which Distributable reserves: -€62,000
- Gross operating margin +€390,768
up €390,768 (+1,133%), from €34,494 to €425,262
- Write-downs +€33,750
new in 2025: €33,750
- Depreciation +€32,400
up €32,400 (+72.3%), from €44,798 to €77,198
- Financial income -€6,821
down €6,821 (-98.4%), from €6,934 to €113
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 | €1,862,961 | €2,401,440 | +€538,479 | +28.9% |
| Fixed assets | 21/28 | €1,543,635 | €1,473,849 | -€69,786 | -4.5% |
| Tangible fixed assets | 22/27 | €776,679 | €1,156,893 | +€380,214 | +49.0% |
| Land and buildings | 22 | €71,509 | €71,509 | = | 0.0% |
| Furniture and vehicles | 24 | €57,397 | €93,806 | +€36,409 | +63.4% |
| Other tangible fixed assets | 26 | €647,773 | €991,578 | +€343,805 | +53.1% |
| Financial fixed assets | 28 | €766,956 | €316,956 | -€450,000 | -58.7% |
| Current assets | 29/58 | €319,326 | €927,591 | +€608,265 | +190% |
| Amounts receivable within one year | 40/41 | €271,306 | €906,432 | +€635,126 | +234% |
| Trade receivables | 40 | €44,996 | €35,764 | -€9,232 | -20.5% |
| Other amounts receivable | 41 | €226,310 | €870,668 | +€644,358 | +285% |
| Current investments | 50/53 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,070 | €14,007 | -€32,063 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,947 | €7,149 | +€5,202 | +267% |
| Total equity and liabilities | 10/49 | €1,862,961 | €2,401,440 | +€538,479 | +28.9% |
| Equity | 10/15 | €992,476 | €1,228,099 | +€235,623 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,112 | €76,112 | -€62,000 | -44.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,112 | €2,112 | = | 0.0% |
| Distributable reserves | 133 | €134,000 | €72,000 | -€62,000 | -46.3% |
| Profit (loss) carried forward | 14 | €835,764 | €1,133,387 | +€297,623 | +35.6% |
| Amounts payable | 17/49 | €870,485 | €1,173,341 | +€302,856 | +34.8% |
| Amounts payable after more than one year | 17 | €459,200 | €601,169 | +€141,969 | +30.9% |
| Financial debts | 170/4 | €459,200 | €601,169 | +€141,969 | +30.9% |
| Amounts payable within one year | 42/48 | €411,285 | €572,172 | +€160,887 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €26,795 | €51,227 | +€24,432 | +91.2% |
| Financial debts | 43 | €190,651 | €260,000 | +€69,349 | +36.4% |
| Other loans | 439 | €190,651 | €260,000 | +€69,349 | +36.4% |
| Trade debts | 44 | €14,135 | €20,214 | +€6,079 | +43.0% |
| Suppliers | 440/4 | €14,135 | €20,214 | +€6,079 | +43.0% |
| Taxes, remuneration and social security | 45 | €12,300 | €4,864 | -€7,436 | -60.5% |
| Taxes | 450/3 | €8,700 | €4,864 | -€3,836 | -44.1% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €167,404 | €235,867 | +€68,463 | +40.9% |
| Non-recurring operating income | 76A | - | €365,272 | +€365,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,798 | €77,198 | +€32,400 | +72.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,750 | +€33,750 | |
| Other operating charges | 640/8 | €6,365 | €4,865 | -€1,500 | -23.6% |
| Gross operating margin | 9900 | €34,494 | €425,262 | +€390,768 | +1,133% |
| Operating profit (loss) | 9901 | -€16,669 | €309,449 | +€326,118 | |
| Financial income | 75/76B | €6,934 | €113 | -€6,821 | -98.4% |
| Recurring financial income | 75 | €6,934 | €113 | -€6,821 | -98.4% |
| Financial charges | 65/66B | €13,188 | €11,675 | -€1,513 | -11.5% |
| Recurring financial charges | 65 | €13,188 | €11,675 | -€1,513 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,923 | €297,887 | +€320,810 | |
| Income taxes | 67/77 | €256 | €264 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | -€23,179 | €297,623 | +€320,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,179 | €297,623 | +€320,802 |
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 21 October 2026 via checked.be.