't RANKE RIET: 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.
't RANKE RIET
Largest movements
- Current investments +€263,516
up €263,516 (+38.2%), from €690,667 to €954,183
- Cash -€198,772
down €198,772 (-29.8%), from €665,941 to €467,170
mainly Current investments (-€263,516) and Contributions, distributions and other (-€135,263)
- Other debts +€105,263
up €105,263, from €0 to €105,263
- Reserves -€41,958
down €41,958 (-2.5%), from €1.7m to €1.6m
- Trade debts +€21,131
up €21,131 (+328%), from €6,443 to €27,574
- Gross operating margin -€39,207
down €39,207 (-21.7%), from €180,753 to €141,546
- Taxes -€8,232
down €8,232 (-13.0%), from €63,519 to €55,287
- Financial income +€5,538
up €5,538 (+43.0%), from €12,888 to €18,425
- Financial charges -€2,146
down €2,146 (-23.5%), from €9,135 to €6,989
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 | €1,709,042 | €1,799,201 | +€90,159 | +5.3% |
| Fixed assets | 21/28 | €307,183 | €315,176 | +€7,993 | +2.6% |
| Tangible fixed assets | 22/27 | €307,183 | €315,176 | +€7,993 | +2.6% |
| Land and buildings | 22 | €304,826 | €308,209 | +€3,383 | +1.1% |
| Furniture and vehicles | 24 | €2,357 | €6,967 | +€4,610 | +196% |
| Current assets | 29/58 | €1,401,859 | €1,484,026 | +€82,166 | +5.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €45,251 | €62,442 | +€17,190 | +38.0% |
| Trade receivables | 40 | €20,340 | €42,713 | +€22,373 | +110% |
| Other amounts receivable | 41 | €24,911 | €19,728 | -€5,183 | -20.8% |
| Current investments | 50/53 | €690,667 | €954,183 | +€263,516 | +38.2% |
| Cash at bank and in hand | 54/58 | €665,941 | €467,170 | -€198,772 | -29.8% |
| Deferred charges and accrued income | 490/1 | €0 | €232 | +€232 | |
| Total equity and liabilities | 10/49 | €1,709,042 | €1,799,201 | +€90,159 | +5.3% |
| Equity | 10/15 | €1,684,815 | €1,642,857 | -€41,958 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,666,215 | €1,624,257 | -€41,958 | -2.5% |
| Distributable reserves | 133 | €1,666,215 | €1,624,257 | -€41,958 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,227 | €156,344 | +€132,117 | +545% |
| Amounts payable within one year | 42/48 | €23,499 | €156,275 | +€132,776 | +565% |
| Trade debts | 44 | €6,443 | €27,574 | +€21,131 | +328% |
| Suppliers | 440/4 | €6,443 | €27,574 | +€21,131 | +328% |
| Taxes, remuneration and social security | 45 | €17,055 | €23,438 | +€6,382 | +37.4% |
| Taxes | 450/3 | €17,055 | €23,438 | +€6,382 | +37.4% |
| Other amounts payable | 47/48 | €0 | €105,263 | +€105,263 | |
| Accrued charges and deferred income | 492/3 | €729 | €69 | -€659 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €1,600 | +€504 | +46.0% |
| Other operating charges | 640/8 | €1,755 | €2,790 | +€1,035 | +58.9% |
| Gross operating margin | 9900 | €180,753 | €141,546 | -€39,207 | -21.7% |
| Operating profit (loss) | 9901 | €177,901 | €137,156 | -€40,745 | -22.9% |
| Financial income | 75/76B | €12,888 | €18,425 | +€5,538 | +43.0% |
| Recurring financial income | 75 | €12,888 | €18,425 | +€5,538 | +43.0% |
| Financial charges | 65/66B | €9,135 | €6,989 | -€2,146 | -23.5% |
| Recurring financial charges | 65 | €9,135 | €6,989 | -€2,146 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €181,654 | €148,593 | -€33,062 | -18.2% |
| Income taxes | 67/77 | €63,519 | €55,287 | -€8,232 | -13.0% |
| Profit (loss) for the period | 9904 | €118,135 | €93,305 | -€24,830 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,135 | €93,305 | -€24,830 | -21.0% |
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 31 October 2026 via checked.be.