VRANCKX: 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.
VRANCKX
Largest movements
- Tangible fixed assets -€72,659
down €72,659 (-21.3%), from €340,547 to €267,888
of which Furniture and vehicles: -€52,453
- Stocks and contracts +€46,759
up €46,759 (+319%), from €14,675 to €61,434
- Deferred charges and accrued income +€24,487
up €24,487 (+592%), from €4,138 to €28,625
- Receivables within one year -€20,144
down €20,144 (-5.8%), from €349,266 to €329,123
of which Trade receivables: -€129,900
- Cash -€17,364
down €17,364 (-32.2%), from €53,853 to €36,489
mainly Debts after one year (-€66,386) and Stocks and contracts (-€46,759)
- Debts after one year -€66,386
down €66,386 (-25.6%), from €259,726 to €193,340
- Trade debts +€41,641
up €41,641 (+69.2%), from €60,171 to €101,812
- Reserves -€17,727
down €17,727 (-6.2%), from €285,227 to €267,499
of which Distributable reserves: -€17,727
- Gross operating margin -€33,274
down €33,274 (-13.8%), from €240,887 to €207,612
- Taxes -€7,320
down €7,320 (-34.2%), from €21,401 to €14,080
- Financial charges +€3,929
up €3,929 (+30.4%), from €12,933 to €16,862
- Financial income +€3,768
up €3,768 (+1,382%), from €273 to €4,041
- Other operating charges +€2,475
up €2,475 (+108%), from €2,298 to €4,773
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 | €871,646 | €832,727 | -€38,919 | -4.5% |
| Fixed assets | 21/28 | €449,714 | €377,055 | -€72,659 | -16.2% |
| Tangible fixed assets | 22/27 | €340,547 | €267,888 | -€72,659 | -21.3% |
| Land and buildings | 22 | €16,668 | €5,393 | -€11,275 | -67.6% |
| Plant, machinery and equipment | 23 | €36,371 | €27,440 | -€8,930 | -24.6% |
| Furniture and vehicles | 24 | €287,508 | €235,055 | -€52,453 | -18.2% |
| Financial fixed assets | 28 | €109,167 | €109,167 | = | 0.0% |
| Current assets | 29/58 | €421,932 | €455,671 | +€33,739 | +8.0% |
| Stocks and contracts in progress | 3 | €14,675 | €61,434 | +€46,759 | +319% |
| Stocks | 30/36 | €14,675 | €61,434 | +€46,759 | +319% |
| Amounts receivable within one year | 40/41 | €349,266 | €329,123 | -€20,144 | -5.8% |
| Trade receivables | 40 | €342,740 | €212,840 | -€129,900 | -37.9% |
| Other amounts receivable | 41 | €6,526 | €116,282 | +€109,756 | +1,682% |
| Cash at bank and in hand | 54/58 | €53,853 | €36,489 | -€17,364 | -32.2% |
| Deferred charges and accrued income | 490/1 | €4,138 | €28,625 | +€24,487 | +592% |
| Total equity and liabilities | 10/49 | €871,646 | €832,727 | -€38,919 | -4.5% |
| Equity | 10/15 | €347,227 | €329,499 | -€17,727 | -5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €285,227 | €267,499 | -€17,727 | -6.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €279,027 | €261,299 | -€17,727 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €524,420 | €503,228 | -€21,192 | -4.0% |
| Amounts payable after more than one year | 17 | €259,726 | €193,340 | -€66,386 | -25.6% |
| Financial debts | 170/4 | €259,726 | €193,340 | -€66,386 | -25.6% |
| Amounts payable within one year | 42/48 | €264,694 | €309,888 | +€45,194 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €65,739 | €70,168 | +€4,428 | +6.7% |
| Trade debts | 44 | €60,171 | €101,812 | +€41,641 | +69.2% |
| Suppliers | 440/4 | €60,171 | €101,812 | +€41,641 | +69.2% |
| Taxes, remuneration and social security | 45 | €19,604 | €22,433 | +€2,829 | +14.4% |
| Taxes | 450/3 | €11,401 | €14,080 | +€2,680 | +23.5% |
| Remuneration and social security | 454/9 | €8,203 | €8,353 | +€149 | +1.8% |
| Other amounts payable | 47/48 | €119,180 | €115,476 | -€3,704 | -3.1% |
| Remuneration, social security and pensions | 62 | €71,676 | €72,767 | +€1,091 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,541 | €80,199 | -€2,342 | -2.8% |
| Other operating charges | 640/8 | €2,298 | €4,773 | +€2,475 | +108% |
| Gross operating margin | 9900 | €240,887 | €207,612 | -€33,274 | -13.8% |
| Operating profit (loss) | 9901 | €84,372 | €49,874 | -€34,498 | -40.9% |
| Financial income | 75/76B | €273 | €4,041 | +€3,768 | +1,382% |
| Recurring financial income | 75 | €273 | €4,041 | +€3,768 | +1,382% |
| Financial charges | 65/66B | €12,933 | €16,862 | +€3,929 | +30.4% |
| Recurring financial charges | 65 | €12,933 | €16,862 | +€3,929 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €71,712 | €37,053 | -€34,659 | -48.3% |
| Income taxes | 67/77 | €21,401 | €14,080 | -€7,320 | -34.2% |
| Profit (loss) for the period | 9904 | €50,311 | €22,973 | -€27,338 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,311 | €22,973 | -€27,338 | -54.3% |
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 15 October 2026 via checked.be.