VRANCKEN SERGE: what changed
What changed
VRANCKEN SERGE
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€5,391
2024 · €19,696-€25,088
Equity
€675,798
2024 · €681,189-€5,391
Cash
€429,663
2024 · €465,941-€36,279
Balance sheet total
€987,353
2024 · €1.2m-€229,496
Largest movements
Assets
- Tangible fixed assets -€144,091
down €144,091 (-28.2%), from €510,838 to €366,747
of which Leasing and similar rights: -€135,876
- Receivables within one year -€50,053
down €50,053 (-23.1%), from €216,353 to €166,300
of which Other amounts receivable: -€35,083
- Cash -€36,279
down €36,279 (-7.8%), from €465,941 to €429,663
mainly Debts after one year (-€100,629) and Investment in fixed assets (net) (-€77,254)
Equity and liabilities
- Debts after one year -€100,629
down €100,629 (-47.1%), from €213,534 to €112,905
- Trade debts -€76,140
down €76,140 (-65.2%), from €116,869 to €40,729
- Current portion of long-term debt -€29,272
down €29,272 (-19.3%), from €151,624 to €122,352
Income statement
- Gross operating margin -€106,561
down €106,561 (-22.6%), from €471,419 to €364,858
- Other operating charges -€78,706
down €78,706 (-91.6%), from €85,889 to €7,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,696
Gross operating margin
-€106,561
Staff costs
+€1,958
Depreciation
-€603
Other operating charges
+€78,706
Other operating items
-€2,586
Financial income
-€474
Financial charges
+€1,866
Taxes
+€2,606
Result 2025
-€5,391
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€175,972
Investment
-€77,254
Financing
-€134,996
Cash 2024
€465,941
From operations (derived)
+€175,972
Net result for the year
-€5,391
Depreciation
+€221,346
Receivables within one year
+€50,053
Deferred charges and accrued income
-€927
Trade debts
-€76,140
Tax, wage and social debts
-€6,100
Other debts
-€3,449
Accrued charges and deferred income
-€3,419
Investment (derived)
-€77,254
Investment in fixed assets (net)
-€77,254
Financing
-€134,996
Debts after one year
-€100,629
Current portion of long-term debt
-€29,272
Short-term financial debts
-€5,095
Cash 2025
€429,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,216,849 | €987,353 | -€229,496 | -18.9% |
| Fixed assets | 21/28 | €512,678 | €368,587 | -€144,091 | -28.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €510,838 | €366,747 | -€144,091 | -28.2% |
| Plant, machinery and equipment | 23 | €31,892 | €16,296 | -€15,596 | -48.9% |
| Furniture and vehicles | 24 | €255,995 | €263,375 | +€7,380 | +2.9% |
| Leasing and similar rights | 25 | €222,951 | €87,075 | -€135,876 | -60.9% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €704,171 | €618,767 | -€85,405 | -12.1% |
| Amounts receivable within one year | 40/41 | €216,353 | €166,300 | -€50,053 | -23.1% |
| Trade receivables | 40 | €175,341 | €160,372 | -€14,969 | -8.5% |
| Other amounts receivable | 41 | €41,012 | €5,929 | -€35,083 | -85.5% |
| Cash at bank and in hand | 54/58 | €465,941 | €429,663 | -€36,279 | -7.8% |
| Deferred charges and accrued income | 490/1 | €21,877 | €22,804 | +€927 | +4.2% |
| Total equity and liabilities | 10/49 | €1,216,849 | €987,353 | -€229,496 | -18.9% |
| Equity | 10/15 | €681,189 | €675,798 | -€5,391 | -0.8% |
| Contributions | 10/11 | €24,500 | €24,500 | = | 0.0% |
| Reserves | 13 | €522,950 | €522,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,450 | €2,450 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,450 | €2,450 | = | 0.0% |
| Distributable reserves | 133 | €520,500 | €520,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,739 | €128,348 | -€5,391 | -4.0% |
| Amounts payable | 17/49 | €535,660 | €311,556 | -€224,105 | -41.8% |
| Amounts payable after more than one year | 17 | €213,534 | €112,905 | -€100,629 | -47.1% |
| Financial debts | 170/4 | €213,534 | €112,905 | -€100,629 | -47.1% |
| Amounts payable within one year | 42/48 | €316,208 | €196,152 | -€120,056 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €151,624 | €122,352 | -€29,272 | -19.3% |
| Financial debts | 43 | €5,095 | €0 | -€5,095 | -100% |
| Credit institutions | 430/8 | €5,095 | €0 | -€5,095 | -100% |
| Trade debts | 44 | €116,869 | €40,729 | -€76,140 | -65.2% |
| Suppliers | 440/4 | €116,869 | €40,729 | -€76,140 | -65.2% |
| Taxes, remuneration and social security | 45 | €17,931 | €11,831 | -€6,100 | -34.0% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €17,931 | €11,831 | -€6,100 | -34.0% |
| Other amounts payable | 47/48 | €24,689 | €21,241 | -€3,449 | -14.0% |
| Accrued charges and deferred income | 492/3 | €5,918 | €2,499 | -€3,419 | -57.8% |
| Non-recurring operating income | 76A | €53,397 | €67,658 | +€14,260 | +26.7% |
| Remuneration, social security and pensions | 62 | €121,159 | €119,201 | -€1,958 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,743 | €221,346 | +€603 | +0.3% |
| Other operating charges | 640/8 | €85,889 | €7,183 | -€78,706 | -91.6% |
| Non-recurring operating charges | 66A | €7,116 | €9,702 | +€2,586 | +36.3% |
| Gross operating margin | 9900 | €471,419 | €364,858 | -€106,561 | -22.6% |
| Operating profit (loss) | 9901 | €36,512 | €7,426 | -€29,086 | -79.7% |
| Financial income | 75/76B | €1,590 | €1,116 | -€474 | -29.8% |
| Recurring financial income | 75 | €1,590 | €1,116 | -€474 | -29.8% |
| Financial charges | 65/66B | €15,544 | €13,678 | -€1,866 | -12.0% |
| Recurring financial charges | 65 | €15,544 | €13,678 | -€1,866 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €22,558 | -€5,136 | -€27,694 | |
| Income taxes | 67/77 | €2,862 | €255 | -€2,606 | -91.1% |
| Profit (loss) for the period | 9904 | €19,696 | -€5,391 | -€25,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,696 | -€5,391 | -€25,088 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.