VRANCKEN E&W: what changed
Two fiscal 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.
VRANCKEN E&W
Largest movements
- Current investments -€500,078
no longer reported in 2025 (was €500,078)
- Receivables within one year -€130,748
down €130,748 (-52.3%), from €250,195 to €119,446
of which Trade receivables: -€151,019
- Tangible fixed assets -€83,654
down €83,654 (-23.8%), from €351,772 to €268,118
of which Furniture and vehicles: -€89,889
- Cash +€62,364
up €62,364 (+12.4%), from €502,193 to €564,557
mainly Current investments (+€500,078) and Depreciation (+€140,460)
- Reserves -€307,626
down €307,626 (-32.2%), from €954,621 to €646,995
of which Distributable reserves: -€307,626
- Other debts -€186,181
down €186,181 (-64.2%), from €290,081 to €103,900
- Current portion of long-term debt -€101,168
no longer reported in 2025 (was €101,168)
- Tax, wage and social debts -€46,432
down €46,432 (-86.3%), from €53,790 to €7,358
of which Taxes: -€39,549
- Gross operating margin -€146,985
down €146,985 (-51.3%), from €286,774 to €139,789
- Taxes -€32,922
down €32,922 (-78.0%), from €42,206 to €9,284
- Financial income +€31,142
up €31,142 (+344.7%), from €9,035 to €40,177
- Depreciation -€7,445
down €7,445 (-5.0%), from €147,905 to €140,460
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.
Cash bridge derived
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 | €1,608,376 | €954,657 | -€653,719 | -40.6% |
| Fixed assets | 21/28 | €351,772 | €268,118 | -€83,654 | -23.8% |
| Tangible fixed assets | 22/27 | €351,772 | €268,118 | -€83,654 | -23.8% |
| Land and buildings | 22 | €57,090 | €54,114 | -€2,975 | -5.2% |
| Plant, machinery and equipment | 23 | €47,955 | €57,166 | +€9,210 | +19.2% |
| Furniture and vehicles | 24 | €246,727 | €156,838 | -€89,889 | -36.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €1,256,604 | €686,539 | -€570,065 | -45.4% |
| Amounts receivable within one year | 40/41 | €250,195 | €119,446 | -€130,748 | -52.3% |
| Trade receivables | 40 | €206,915 | €55,896 | -€151,019 | -73.0% |
| Other amounts receivable | 41 | €43,279 | €63,550 | +€20,271 | +46.8% |
| Current investments | 50/53 | €500,078 | - | -€500,078 | |
| Cash at bank and in hand | 54/58 | €502,193 | €564,557 | +€62,364 | +12.4% |
| Deferred charges and accrued income | 490/1 | €4,138 | €2,536 | -€1,602 | -38.7% |
| Total equity and liabilities | 10/49 | €1,608,376 | €954,657 | -€653,719 | -40.6% |
| Equity | 10/15 | €1,144,621 | €836,995 | -€307,626 | -26.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €954,621 | €646,995 | -€307,626 | -32.2% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €941,621 | €633,995 | -€307,626 | -32.7% |
| Profit (loss) carried forward | 14 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €463,755 | €117,662 | -€346,093 | -74.6% |
| Amounts payable within one year | 42/48 | €463,755 | €117,662 | -€346,093 | -74.6% |
| Current portion of amounts payable after more than one year | 42 | €101,168 | - | -€101,168 | |
| Trade debts | 44 | €18,715 | €6,403 | -€12,312 | -65.8% |
| Suppliers | 440/4 | €18,715 | €6,403 | -€12,312 | -65.8% |
| Taxes, remuneration and social security | 45 | €53,790 | €7,358 | -€46,432 | -86.3% |
| Taxes | 450/3 | €39,607 | €58 | -€39,549 | -99.9% |
| Remuneration and social security | 454/9 | €14,183 | €7,300 | -€6,883 | -48.5% |
| Other amounts payable | 47/48 | €290,081 | €103,900 | -€186,181 | -64.2% |
| Non-recurring operating income | 76A | €90,000 | €5,331 | -€84,669 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,905 | €140,460 | -€7,445 | -5.0% |
| Other operating charges | 640/8 | €3,030 | €2,008 | -€1,022 | -33.7% |
| Gross operating margin | 9900 | €286,774 | €139,789 | -€146,985 | -51.3% |
| Operating profit (loss) | 9901 | €135,839 | -€2,679 | -€138,518 | |
| Financial income | 75/76B | €9,035 | €40,177 | +€31,142 | +344.7% |
| Recurring financial income | 75 | €9,035 | €40,177 | +€31,142 | +344.7% |
| Financial charges | 65/66B | €1,074 | €560 | -€514 | -47.8% |
| Recurring financial charges | 65 | €1,074 | €560 | -€514 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €143,800 | €36,938 | -€106,862 | -74.3% |
| Income taxes | 67/77 | €42,206 | €9,284 | -€32,922 | -78.0% |
| Profit (loss) for the period | 9904 | €101,594 | €27,654 | -€73,940 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,594 | €27,654 | -€73,940 | -72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.