Ranschaert - Blancke: 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.
What changed
Ranschaert - Blancke
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€88,791
2024 · €457,441-€546,232
Equity
€906,694
2024 · €1.0m-€125,666
Cash
€177,820
2024 · €169,829+€7,991
Balance sheet total
€3.4m
2024 · €3.4m+€7,974
Largest movements
Assets
- Deferred charges and accrued income +€34,235
up €34,235 (+2,613%), from €1,310 to €35,545
Equity and liabilities
- Profit (loss) carried forward -€546,666
down €546,666 (-53.6%), from €1.0m to €473,294
- Reserves +€421,000
new in 2025: €421,000
- Other debts +€281,369
up €281,369 (+415%), from €67,846 to €349,215
- Debts after one year -€154,650
down €154,650 (-7.6%), from €2.0m to €1.9m
Income statement
- Gross operating margin -€459,370
down €459,370 (-69.0%), from €665,936 to €206,566
- Taxes -€112,405
down €112,405 (-76.7%), from €146,555 to €34,150
- Financial charges -€11,291
down €11,291 (-20.1%), from €56,153 to €44,862
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.
Result 2024
€457,441
Gross operating margin
-€459,370
Depreciation
+€34
Other operating charges
-€93
Financial income
-€0
Financial charges
+€11,291
Taxes
+€112,405
Deferred taxes and other
-€210,500
Result 2025
-€88,791
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€198,096
Investment
€0
Financing
-€190,105
Cash 2024
€169,829
From operations (derived)
+€198,096
Net result for the year
-€88,791
Depreciation
+€5,045
Receivables within one year
+€29,207
Deferred charges and accrued income
-€34,235
Trade debts
-€1,343
Tax, wage and social debts
+€6,844
Other debts
+€281,369
Accrued charges and deferred income
-€0
Financing
-€190,105
Debts after one year
-€154,650
Current portion of long-term debt
+€1,420
Contributions, distributions and other
-€36,875
Cash 2025
€177,820
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,350,905 | €3,358,879 | +€7,974 | +0.2% |
| Fixed assets | 21/28 | €3,065,444 | €3,060,399 | -€5,045 | -0.2% |
| Tangible fixed assets | 22/27 | €7,443 | €2,398 | -€5,045 | -67.8% |
| Plant, machinery and equipment | 23 | €1,636 | €494 | -€1,142 | -69.8% |
| Furniture and vehicles | 24 | €579 | €29 | -€550 | -94.9% |
| Other tangible fixed assets | 26 | €5,228 | €1,874 | -€3,353 | -64.1% |
| Financial fixed assets | 28 | €3,058,001 | €3,058,001 | = | 0.0% |
| Current assets | 29/58 | €285,461 | €298,480 | +€13,019 | +4.6% |
| Amounts receivable within one year | 40/41 | €114,322 | €85,115 | -€29,207 | -25.5% |
| Trade receivables | 40 | €36,300 | €0 | -€36,300 | -100% |
| Other amounts receivable | 41 | €78,022 | €85,115 | +€7,093 | +9.1% |
| Cash at bank and in hand | 54/58 | €169,829 | €177,820 | +€7,991 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,310 | €35,545 | +€34,235 | +2,613% |
| Total equity and liabilities | 10/49 | €3,350,905 | €3,358,879 | +€7,974 | +0.2% |
| Equity | 10/15 | €1,032,360 | €906,694 | -€125,666 | -12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €421,000 | +€421,000 | |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Profit (loss) carried forward | 14 | €1,019,960 | €473,294 | -€546,666 | -53.6% |
| Amounts payable | 17/49 | €2,318,545 | €2,452,185 | +€133,639 | +5.8% |
| Amounts payable after more than one year | 17 | €2,042,510 | €1,887,861 | -€154,650 | -7.6% |
| Financial debts | 170/4 | €2,042,510 | €1,887,861 | -€154,650 | -7.6% |
| Amounts payable within one year | 42/48 | €266,985 | €555,274 | +€288,289 | +108% |
| Current portion of amounts payable after more than one year | 42 | €153,230 | €154,650 | +€1,420 | +0.9% |
| Trade debts | 44 | €3,296 | €1,952 | -€1,343 | -40.8% |
| Suppliers | 440/4 | €3,296 | €1,952 | -€1,343 | -40.8% |
| Taxes, remuneration and social security | 45 | €42,613 | €49,457 | +€6,844 | +16.1% |
| Taxes | 450/3 | €42,613 | €43,854 | +€1,241 | +2.9% |
| Remuneration and social security | 454/9 | - | €5,603 | +€5,603 | |
| Other amounts payable | 47/48 | €67,846 | €349,215 | +€281,369 | +415% |
| Accrued charges and deferred income | 492/3 | €9,050 | €9,050 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,080 | €5,045 | -€34 | -0.7% |
| Other operating charges | 640/8 | €707 | €800 | +€93 | +13.2% |
| Gross operating margin | 9900 | €665,936 | €206,566 | -€459,370 | -69.0% |
| Operating profit (loss) | 9901 | €660,149 | €200,721 | -€459,428 | -69.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €56,153 | €44,862 | -€11,291 | -20.1% |
| Recurring financial charges | 65 | €56,153 | €44,862 | -€11,291 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €603,996 | €155,859 | -€448,137 | -74.2% |
| Transfer to deferred taxes | 680 | - | €210,500 | +€210,500 | |
| Income taxes | 67/77 | €146,555 | €34,150 | -€112,405 | -76.7% |
| Profit (loss) for the period | 9904 | €457,441 | -€88,791 | -€546,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €457,441 | -€88,791 | -€546,232 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.