VRANCKENEERS: what changed
What changed
VRANCKENEERS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€179,887
2024 · €122,592+€57,296
Equity
€417,650
2024 · €237,763+€179,887
Cash
€441,733
2024 · €174,928+€266,805
Balance sheet total
€923,675
2024 · €577,802+€345,873
Largest movements
Assets
- Cash +€266,805
up €266,805 (+153%), from €174,928 to €441,733
mainly Net result for the year (+€179,887) and Trade debts (+€80,833)
- Tangible fixed assets +€84,143
up €84,143 (+121%), from €69,711 to €153,855
of which Furniture and vehicles: +€71,979
- Receivables within one year -€34,280
down €34,280 (-15.1%), from €227,008 to €192,728
of which Trade receivables: -€43,947
- Stocks and contracts +€23,234
up €23,234 (+24.6%), from €94,484 to €117,718
Equity and liabilities
- Profit (loss) carried forward +€179,887
up €179,887 (+145%), from €124,378 to €304,265
- Trade debts +€80,833
up €80,833 (+34.0%), from €237,628 to €318,461
- Debts after one year +€68,861
up €68,861 (+369%), from €18,682 to €87,543
- Short-term financial debts +€33,800
up €33,800 (+33,902%), from €100 to €33,900
- Tax, wage and social debts -€26,075
down €26,075 (-42.0%), from €62,148 to €36,073
of which Taxes: -€14,055
Income statement
- Gross operating margin +€134,757
up €134,757 (+14.8%), from €909,531 to €1.0m
- Staff costs +€64,596
up €64,596 (+9.1%), from €708,812 to €773,408
- Taxes +€12,985
up €12,985 (+28.3%), from €45,952 to €58,938
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
€122,592
Gross operating margin
+€134,757
Staff costs
-€64,596
Depreciation
+€2,740
Other operating charges
-€1,077
Financial income
-€265
Financial charges
-€1,278
Taxes
-€12,985
Result 2025
€179,887
raises the resultlowers the result
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
+€265,220
Investment
-€109,359
Financing
+€110,944
Cash 2024
€174,928
From operations (derived)
+€265,220
Net result for the year
+€179,887
Depreciation
+€25,216
Stocks and contracts
-€23,234
Receivables within one year
+€34,280
Deferred charges and accrued income
-€5,971
Trade debts
+€80,833
Tax, wage and social debts
-€26,075
Other debts
+€284
Investment (derived)
-€109,359
Investment in fixed assets (net)
-€109,359
Financing
+€110,944
Debts after one year
+€68,861
Current portion of long-term debt
+€8,283
Short-term financial debts
+€33,800
Cash 2025
€441,733
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,802 | €923,675 | +€345,873 | +59.9% |
| Fixed assets | 21/28 | €69,711 | €153,855 | +€84,143 | +121% |
| Tangible fixed assets | 22/27 | €69,711 | €153,855 | +€84,143 | +121% |
| Plant, machinery and equipment | 23 | €760 | €15,295 | +€14,535 | +1,912% |
| Furniture and vehicles | 24 | €55,376 | €127,355 | +€71,979 | +130% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €13,575 | €11,204 | -€2,370 | -17.5% |
| Current assets | 29/58 | €508,091 | €769,821 | +€261,730 | +51.5% |
| Stocks and contracts in progress | 3 | €94,484 | €117,718 | +€23,234 | +24.6% |
| Stocks | 30/36 | €94,484 | €117,718 | +€23,234 | +24.6% |
| Amounts receivable within one year | 40/41 | €227,008 | €192,728 | -€34,280 | -15.1% |
| Trade receivables | 40 | €179,801 | €135,853 | -€43,947 | -24.4% |
| Other amounts receivable | 41 | €47,207 | €56,875 | +€9,667 | +20.5% |
| Cash at bank and in hand | 54/58 | €174,928 | €441,733 | +€266,805 | +153% |
| Deferred charges and accrued income | 490/1 | €11,671 | €17,641 | +€5,971 | +51.2% |
| Total equity and liabilities | 10/49 | €577,802 | €923,675 | +€345,873 | +59.9% |
| Equity | 10/15 | €237,763 | €417,650 | +€179,887 | +75.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,785 | €94,785 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,414 | €7,414 | = | 0.0% |
| Distributable reserves | 133 | €87,371 | €87,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,378 | €304,265 | +€179,887 | +145% |
| Amounts payable | 17/49 | €340,039 | €506,025 | +€165,986 | +48.8% |
| Amounts payable after more than one year | 17 | €18,682 | €87,543 | +€68,861 | +369% |
| Financial debts | 170/4 | €18,682 | €87,543 | +€68,861 | +369% |
| Amounts payable within one year | 42/48 | €321,357 | €418,482 | +€97,125 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €21,147 | €29,430 | +€8,283 | +39.2% |
| Financial debts | 43 | €100 | €33,900 | +€33,800 | +33,902% |
| Credit institutions | 430/8 | €100 | €33,900 | +€33,800 | +33,902% |
| Trade debts | 44 | €237,628 | €318,461 | +€80,833 | +34.0% |
| Suppliers | 440/4 | €237,628 | €318,461 | +€80,833 | +34.0% |
| Taxes, remuneration and social security | 45 | €62,148 | €36,073 | -€26,075 | -42.0% |
| Taxes | 450/3 | €18,363 | €4,308 | -€14,055 | -76.5% |
| Remuneration and social security | 454/9 | €43,785 | €31,765 | -€12,020 | -27.5% |
| Other amounts payable | 47/48 | €334 | €618 | +€284 | +85.1% |
| Non-recurring operating income | 76A | - | €6,543 | +€6,543 | |
| Remuneration, social security and pensions | 62 | €708,812 | €773,408 | +€64,596 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,956 | €25,216 | -€2,740 | -9.8% |
| Other operating charges | 640/8 | €1,993 | €3,070 | +€1,077 | +54.0% |
| Gross operating margin | 9900 | €909,531 | €1,044,287 | +€134,757 | +14.8% |
| Operating profit (loss) | 9901 | €170,770 | €242,594 | +€71,824 | +42.1% |
| Financial income | 75/76B | €570 | €304 | -€265 | -46.6% |
| Recurring financial income | 75 | €570 | €304 | -€265 | -46.6% |
| Financial charges | 65/66B | €2,795 | €4,073 | +€1,278 | +45.7% |
| Recurring financial charges | 65 | €2,795 | €4,073 | +€1,278 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €168,544 | €238,825 | +€70,281 | +41.7% |
| Income taxes | 67/77 | €45,952 | €58,938 | +€12,985 | +28.3% |
| Profit (loss) for the period | 9904 | €122,592 | €179,887 | +€57,296 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122,592 | €179,887 | +€57,296 | +46.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.