VRANCKX: what changed
VRANCKX
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+253%), from €614,813 to €2.2m
of which Trade receivables: +€884,236
- Cash +€737,332
up €737,332 (+5,820%), from €12,668 to €750,000
mainly Net result for the year (+€1.5m) and Tax, wage and social debts (+€295,254)
- Tangible fixed assets -€239,469
down €239,469 (-45.6%), from €524,675 to €285,205
of which Land and buildings: -€318,530
- Profit (loss) carried forward +€1.5m
up €1.5m, from -€669,124 to €856,750
- Tax, wage and social debts +€295,254
up €295,254 (+2,217%), from €13,316 to €308,571
of which Taxes: +€299,018
- Trade debts +€251,236
up €251,236 (+244%), from €102,894 to €354,131
- Gross operating margin +€2.0m
up €2.0m (+4,723%), from €42,810 to €2.1m
- Taxes +€308,571
new in 2025: €308,571
- Depreciation +€31,698
up €31,698 (+37.0%), from €85,698 to €117,396
- Financial charges +€27,065
up €27,065 (+963%), from €2,810 to €29,875
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,152,156 | €3,206,182 | +€2.1m | +178% |
| Fixed assets | 21/28 | €524,675 | €285,205 | -€239,469 | -45.6% |
| Tangible fixed assets | 22/27 | €524,675 | €285,205 | -€239,469 | -45.6% |
| Land and buildings | 22 | €447,546 | €129,016 | -€318,530 | -71.2% |
| Plant, machinery and equipment | 23 | €22,272 | €51,305 | +€29,033 | +130% |
| Furniture and vehicles | 24 | €54,857 | €104,884 | +€50,027 | +91.2% |
| Current assets | 29/58 | €627,481 | €2,920,977 | +€2.3m | +366% |
| Amounts receivable within one year | 40/41 | €614,813 | €2,170,977 | +€1.6m | +253% |
| Trade receivables | 40 | €37,933 | €922,169 | +€884,236 | +2,331% |
| Other amounts receivable | 41 | €576,880 | €1,248,808 | +€671,928 | +116% |
| Cash at bank and in hand | 54/58 | €12,668 | €750,000 | +€737,332 | +5,820% |
| Total equity and liabilities | 10/49 | €1,152,156 | €3,206,182 | +€2.1m | +178% |
| Equity | 10/15 | €1,017,607 | €2,543,481 | +€1.5m | +150% |
| Contributions | 10/11 | €154,000 | €154,000 | = | 0.0% |
| Capital | 10 | €154,000 | €154,000 | = | 0.0% |
| Issued capital | 100 | €154,000 | €154,000 | = | 0.0% |
| Reserves | 13 | €1,532,731 | €1,532,731 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,400 | €15,400 | = | 0.0% |
| Legal reserve | 130 | €15,400 | €15,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €446,454 | €446,454 | = | 0.0% |
| Distributable reserves | 133 | €1,070,878 | €1,070,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€669,124 | €856,750 | +€1.5m | |
| Amounts payable | 17/49 | €134,548 | €662,701 | +€528,153 | +393% |
| Amounts payable within one year | 42/48 | €134,548 | €662,701 | +€528,153 | +393% |
| Current portion of amounts payable after more than one year | 42 | €18,338 | - | -€18,338 | |
| Trade debts | 44 | €102,894 | €354,131 | +€251,236 | +244% |
| Suppliers | 440/4 | €102,894 | €354,131 | +€251,236 | +244% |
| Taxes, remuneration and social security | 45 | €13,316 | €308,571 | +€295,254 | +2,217% |
| Taxes | 450/3 | €9,553 | €308,571 | +€299,018 | +3,130% |
| Remuneration and social security | 454/9 | €3,764 | - | -€3,764 | |
| Remuneration, social security and pensions | 62 | €40,909 | €47,430 | +€6,521 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,698 | €117,396 | +€31,698 | +37.0% |
| Other operating charges | 640/8 | €16,795 | €35,164 | +€18,369 | +109% |
| Non-recurring operating charges | 66A | €955 | €500 | -€455 | -47.6% |
| Gross operating margin | 9900 | €42,810 | €2,064,780 | +€2.0m | +4,723% |
| Operating profit (loss) | 9901 | -€101,547 | €1,864,289 | +€2.0m | |
| Financial income | 75/76B | €107 | €30 | -€77 | -71.9% |
| Recurring financial income | 75 | €107 | €30 | -€77 | -71.9% |
| Financial charges | 65/66B | €2,810 | €29,875 | +€27,065 | +963% |
| Recurring financial charges | 65 | €2,810 | €29,875 | +€27,065 | +963% |
| Profit (loss) for the period before taxes | 9903 | -€104,250 | €1,834,444 | +€1.9m | |
| Income taxes | 67/77 | - | €308,571 | +€308,571 | |
| Profit (loss) for the period | 9904 | -€104,250 | €1,525,874 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,250 | €1,525,874 | +€1.6m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.