RANSQUIN: 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.
RANSQUIN
Largest movements
- Financial fixed assets +€350,000
new in 2025: €350,000
- Current investments -€326,000
down €326,000 (-87.6%), from €372,000 to €46,000
- Cash +€13,612
up €13,612 (+21.6%), from €62,916 to €76,527
mainly Current investments (+€326,000) and Net result for the year (+€153,696)
- Tangible fixed assets -€6,025
down €6,025 (-53.4%), from €11,276 to €5,251
of which Plant, machinery and equipment: -€4,001
- Other debts +€59,532
new in 2025: €59,532
- Debts after one year -€57,912
down €57,912 (-26.7%), from €217,124 to €159,212
- Reserves +€31,575
up €31,575 (+30.8%), from €102,504 to €134,079
- Trade debts -€6,580
down €6,580 (-49.3%), from €13,336 to €6,756
- Gross operating margin +€125,623
up €125,623 (+133%), from €94,603 to €220,227
- Taxes +€25,986
up €25,986 (+102%), from €25,390 to €51,376
- Financial charges -€3,172
down €3,172 (-21.2%), from €14,969 to €11,797
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 | €446,276 | €478,143 | +€31,866 | +7.1% |
| Fixed assets | 21/28 | €11,276 | €355,251 | +€343,975 | +3,051% |
| Tangible fixed assets | 22/27 | €11,276 | €5,251 | -€6,025 | -53.4% |
| Plant, machinery and equipment | 23 | €8,675 | €4,674 | -€4,001 | -46.1% |
| Furniture and vehicles | 24 | €2,600 | €577 | -€2,023 | -77.8% |
| Financial fixed assets | 28 | - | €350,000 | +€350,000 | |
| Current assets | 29/58 | €435,000 | €122,892 | -€312,109 | -71.7% |
| Amounts receivable within one year | 40/41 | €85 | €364 | +€280 | +331% |
| Other amounts receivable | 41 | €85 | €364 | +€280 | +331% |
| Current investments | 50/53 | €372,000 | €46,000 | -€326,000 | -87.6% |
| Cash at bank and in hand | 54/58 | €62,916 | €76,527 | +€13,612 | +21.6% |
| Total equity and liabilities | 10/49 | €446,276 | €478,143 | +€31,866 | +7.1% |
| Equity | 10/15 | €141,091 | €174,750 | +€33,658 | +23.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €102,504 | €134,079 | +€31,575 | +30.8% |
| Distributable reserves | 133 | €102,504 | €134,079 | +€31,575 | +30.8% |
| Profit (loss) carried forward | 14 | €20,038 | €22,121 | +€2,083 | +10.4% |
| Amounts payable | 17/49 | €305,185 | €303,393 | -€1,792 | -0.6% |
| Amounts payable after more than one year | 17 | €217,124 | €159,212 | -€57,912 | -26.7% |
| Financial debts | 170/4 | €217,124 | €159,212 | -€57,912 | -26.7% |
| Amounts payable within one year | 42/48 | €88,061 | €144,181 | +€56,121 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | €56,345 | €58,025 | +€1,680 | +3.0% |
| Trade debts | 44 | €13,336 | €6,756 | -€6,580 | -49.3% |
| Suppliers | 440/4 | €13,336 | €6,756 | -€6,580 | -49.3% |
| Taxes, remuneration and social security | 45 | €18,380 | €19,868 | +€1,488 | +8.1% |
| Taxes | 450/3 | €18,380 | €19,868 | +€1,488 | +8.1% |
| Other amounts payable | 47/48 | - | €59,532 | +€59,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,360 | €4,317 | -€1,043 | -19.5% |
| Other operating charges | 640/8 | €503 | €400 | -€104 | -20.6% |
| Gross operating margin | 9900 | €94,603 | €220,227 | +€125,623 | +133% |
| Operating profit (loss) | 9901 | €88,740 | €215,510 | +€126,770 | +143% |
| Financial income | 75/76B | €21 | €1,358 | +€1,338 | +6,471% |
| Recurring financial income | 75 | €21 | €1,358 | +€1,338 | +6,471% |
| Financial charges | 65/66B | €14,969 | €11,797 | -€3,172 | -21.2% |
| Recurring financial charges | 65 | €14,969 | €11,797 | -€3,172 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €73,792 | €205,072 | +€131,280 | +178% |
| Income taxes | 67/77 | €25,390 | €51,376 | +€25,986 | +102% |
| Profit (loss) for the period | 9904 | €48,402 | €153,696 | +€105,294 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €48,402 | €153,696 | +€105,294 | +218% |
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 14 October 2026 via checked.be.