RANSCHAERT: 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.
RANSCHAERT
Largest movements
- Cash +€1.3m
up €1.3m (+35.5%), from €3.7m to €5.0m
mainly Net result for the year (+€1.9m) and Depreciation (+€639,100)
- Tangible fixed assets +€478,981
up €478,981 (+16.1%), from €3.0m to €3.5m
of which Plant, machinery and equipment: +€467,164
- Receivables within one year +€411,614
up €411,614 (+22.1%), from €1.9m to €2.3m
of which Other amounts receivable: +€981,034
- Reserves +€1.9m
up €1.9m (+25.3%), from €7.5m to €9.5m
of which Tax-exempt reserves: +€1.0m
- Trade debts +€621,141
up €621,141 (+95.1%), from €652,816 to €1.3m
- Debts after one year -€220,000
down €220,000 (-100%), from €220,000 to €0
- Current portion of long-term debt -€115,375
down €115,375 (-34.4%), from €335,375 to €220,000
- Gross operating margin -€350,797
down €350,797 (-9.3%), from €3.8m to €3.4m
- Depreciation +€194,848
up €194,848 (+43.9%), from €444,253 to €639,100
- Taxes -€121,276
down €121,276 (-16.6%), from €731,087 to €609,812
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 | €8,786,678 | €10,992,454 | +€2.2m | +25.1% |
| Fixed assets | 21/28 | €2,988,474 | €3,463,455 | +€474,980 | +15.9% |
| Intangible fixed assets | 21 | €13,191 | €9,190 | -€4,001 | -30.3% |
| Tangible fixed assets | 22/27 | €2,975,283 | €3,454,265 | +€478,981 | +16.1% |
| Land and buildings | 22 | €855 | €285 | -€570 | -66.7% |
| Plant, machinery and equipment | 23 | €2,851,767 | €3,318,931 | +€467,164 | +16.4% |
| Furniture and vehicles | 24 | €122,661 | €135,049 | +€12,387 | +10.1% |
| Current assets | 29/58 | €5,798,203 | €7,528,999 | +€1.7m | +29.9% |
| Stocks and contracts in progress | 3 | €196,799 | €196,400 | -€399 | -0.2% |
| Stocks | 30/36 | €196,799 | €196,400 | -€399 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,859,390 | €2,271,004 | +€411,614 | +22.1% |
| Trade receivables | 40 | €1,342,233 | €772,813 | -€569,420 | -42.4% |
| Other amounts receivable | 41 | €517,157 | €1,498,191 | +€981,034 | +190% |
| Cash at bank and in hand | 54/58 | €3,698,391 | €5,011,862 | +€1.3m | +35.5% |
| Deferred charges and accrued income | 490/1 | €43,624 | €49,733 | +€6,109 | +14.0% |
| Total equity and liabilities | 10/49 | €8,786,678 | €10,992,454 | +€2.2m | +25.1% |
| Equity | 10/15 | €7,553,655 | €9,462,634 | +€1.9m | +25.3% |
| Contributions | 10/11 | €4,923 | €4,923 | = | 0.0% |
| Reserves | 13 | €7,548,732 | €9,457,711 | +€1.9m | +25.3% |
| Tax-exempt reserves | 132 | €1,000,000 | €2,000,000 | +€1.0m | +100% |
| Distributable reserves | 133 | €6,548,732 | €7,457,711 | +€908,979 | +13.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,233,022 | €1,529,820 | +€296,798 | +24.1% |
| Amounts payable after more than one year | 17 | €220,000 | €0 | -€220,000 | -100% |
| Financial debts | 170/4 | €220,000 | €0 | -€220,000 | -100% |
| Amounts payable within one year | 42/48 | €1,013,022 | €1,529,820 | +€516,798 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €335,375 | €220,000 | -€115,375 | -34.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €652,816 | €1,273,957 | +€621,141 | +95.1% |
| Suppliers | 440/4 | €652,816 | €1,273,957 | +€621,141 | +95.1% |
| Taxes, remuneration and social security | 45 | €23,347 | €34,250 | +€10,903 | +46.7% |
| Taxes | 450/3 | €143 | €1,015 | +€872 | +611% |
| Remuneration and social security | 454/9 | €23,204 | €33,235 | +€10,031 | +43.2% |
| Other amounts payable | 47/48 | €1,485 | €1,614 | +€129 | +8.7% |
| Remuneration, social security and pensions | 62 | €305,700 | €275,526 | -€30,174 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444,253 | €639,100 | +€194,848 | +43.9% |
| Other operating charges | 640/8 | €9,575 | €15,566 | +€5,991 | +62.6% |
| Gross operating margin | 9900 | €3,765,619 | €3,414,822 | -€350,797 | -9.3% |
| Operating profit (loss) | 9901 | €3,006,091 | €2,484,629 | -€521,462 | -17.3% |
| Financial income | 75/76B | €14,021 | €48,371 | +€34,351 | +245% |
| Recurring financial income | 75 | €14,021 | €27,863 | +€13,843 | +98.7% |
| Non-recurring financial income | 76B | - | €20,508 | +€20,508 | |
| Financial charges | 65/66B | €13,795 | €14,210 | +€415 | +3.0% |
| Recurring financial charges | 65 | €13,795 | €14,210 | +€415 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €3,006,317 | €2,518,790 | -€487,526 | -16.2% |
| Income taxes | 67/77 | €731,087 | €609,812 | -€121,276 | -16.6% |
| Profit (loss) for the period | 9904 | €2,275,229 | €1,908,979 | -€366,250 | -16.1% |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,275,229 | €908,979 | -€366,250 | -28.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.