TOM VAN RANST: 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.
TOM VAN RANST
Largest movements
- Cash +€77,989
up €77,989 (+28.7%), from €271,432 to €349,421
mainly Net result for the year (+€80,275) and Receivables within one year (+€75,029)
- Receivables within one year -€75,029
down €75,029 (-38.0%), from €197,490 to €122,461
of which Other amounts receivable: -€76,644
- Current investments +€10,763
up €10,763 (+5.7%), from €188,663 to €199,426
- Tax, wage and social debts +€8,027
up €8,027 (+79.0%), from €10,165 to €18,192
- Taxes +€8,021
up €8,021 (+21.4%), from €37,452 to €45,473
- Gross operating margin +€1,493
up €1,493 (+1.1%), from €132,512 to €134,006
- Financial income -€1,467
down €1,467 (-12.7%), from €11,536 to €10,069
- Depreciation +€1,445
up €1,445 (+14.3%), from €10,121 to €11,566
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 | €748,129 | €758,497 | +€10,368 | +1.4% |
| Fixed assets | 21/28 | €60,264 | €56,291 | -€3,973 | -6.6% |
| Tangible fixed assets | 22/27 | €60,264 | €56,291 | -€3,973 | -6.6% |
| Plant, machinery and equipment | 23 | €2,367 | €1,456 | -€911 | -38.5% |
| Furniture and vehicles | 24 | €3,928 | €3,954 | +€25 | +0.6% |
| Other tangible fixed assets | 26 | €53,969 | €50,882 | -€3,087 | -5.7% |
| Current assets | 29/58 | €687,865 | €702,205 | +€14,340 | +2.1% |
| Amounts receivable within one year | 40/41 | €197,490 | €122,461 | -€75,029 | -38.0% |
| Trade receivables | 40 | €795 | €2,409 | +€1,615 | +203% |
| Other amounts receivable | 41 | €196,695 | €120,052 | -€76,644 | -39.0% |
| Current investments | 50/53 | €188,663 | €199,426 | +€10,763 | +5.7% |
| Cash at bank and in hand | 54/58 | €271,432 | €349,421 | +€77,989 | +28.7% |
| Deferred charges and accrued income | 490/1 | €30,279 | €30,897 | +€617 | +2.0% |
| Total equity and liabilities | 10/49 | €748,129 | €758,497 | +€10,368 | +1.4% |
| Equity | 10/15 | €726,796 | €727,423 | +€627 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €720,596 | €721,223 | +€627 | +0.1% |
| Distributable reserves | 133 | €720,596 | €721,223 | +€627 | +0.1% |
| Amounts payable | 17/49 | €21,333 | €31,074 | +€9,741 | +45.7% |
| Amounts payable within one year | 42/48 | €20,157 | €28,890 | +€8,733 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €6,789 | €6,743 | -€46 | -0.7% |
| Trade debts | 44 | €3,203 | €1,844 | -€1,359 | -42.4% |
| Suppliers | 440/4 | €3,203 | €1,844 | -€1,359 | -42.4% |
| Taxes, remuneration and social security | 45 | €10,165 | €18,192 | +€8,027 | +79.0% |
| Taxes | 450/3 | €10,165 | €18,192 | +€8,027 | +79.0% |
| Other amounts payable | 47/48 | - | €2,110 | +€2,110 | |
| Accrued charges and deferred income | 492/3 | €1,176 | €2,184 | +€1,008 | +85.7% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,121 | €11,566 | +€1,445 | +14.3% |
| Other operating charges | 640/8 | €646 | €552 | -€94 | -14.6% |
| Non-recurring operating charges | 66A | €1,176 | €2,288 | +€1,112 | +94.6% |
| Gross operating margin | 9900 | €132,512 | €134,006 | +€1,493 | +1.1% |
| Operating profit (loss) | 9901 | €120,569 | €119,600 | -€969 | -0.8% |
| Financial income | 75/76B | €11,536 | €10,069 | -€1,467 | -12.7% |
| Recurring financial income | 75 | €11,536 | €10,069 | -€1,467 | -12.7% |
| Financial charges | 65/66B | €3,006 | €3,920 | +€914 | +30.4% |
| Recurring financial charges | 65 | €3,006 | €3,920 | +€914 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €129,099 | €125,748 | -€3,350 | -2.6% |
| Income taxes | 67/77 | €37,452 | €45,473 | +€8,021 | +21.4% |
| Profit (loss) for the period | 9904 | €91,646 | €80,275 | -€11,371 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,646 | €80,275 | -€11,371 | -12.4% |
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 18 October 2026 via checked.be.