Vranckx Marc: 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 Marc
Largest movements
- Cash +€63,160
up €63,160 (+20.3%), from €310,450 to €373,609
mainly Net result for the year (+€44,659) and Depreciation (+€22,158)
- Receivables within one year -€11,809
down €11,809 (-12.2%), from €97,017 to €85,208
of which Trade receivables: -€12,836
- Tangible fixed assets -€9,098
down €9,098 (-7.7%), from €118,019 to €108,921
of which Leasing and similar rights: -€11,523
- Deferred charges and accrued income +€7,637
up €7,637 (+257%), from €2,974 to €10,611
- Reserves +€44,000
up €44,000 (+17.6%), from €249,860 to €293,860
of which Distributable reserves: +€44,000
- Tax, wage and social debts +€11,252
up €11,252 (+42.5%), from €26,461 to €37,713
of which Taxes: +€17,852
- Debts after one year -€10,636
down €10,636 (-14.6%), from €72,879 to €62,243
- Trade debts +€6,143
up €6,143 (+41.1%), from €14,957 to €21,100
- Gross operating margin -€27,206
down €27,206 (-17.5%), from €155,421 to €128,215
- Taxes +€15,162
up €15,162 (+49.7%), from €30,537 to €45,699
- Depreciation +€2,654
up €2,654 (+13.6%), from €19,504 to €22,158
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 | €530,393 | €581,091 | +€50,698 | +9.6% |
| Fixed assets | 21/28 | €118,019 | €108,921 | -€9,098 | -7.7% |
| Tangible fixed assets | 22/27 | €118,019 | €108,921 | -€9,098 | -7.7% |
| Plant, machinery and equipment | 23 | €9,298 | €5,474 | -€3,824 | -41.1% |
| Furniture and vehicles | 24 | €26,688 | €32,936 | +€6,249 | +23.4% |
| Leasing and similar rights | 25 | €82,033 | €70,510 | -€11,523 | -14.0% |
| Current assets | 29/58 | €412,374 | €472,170 | +€59,796 | +14.5% |
| Stocks and contracts in progress | 3 | €1,933 | €2,742 | +€809 | +41.9% |
| Stocks | 30/36 | €1,933 | €2,742 | +€809 | +41.9% |
| Amounts receivable within one year | 40/41 | €97,017 | €85,208 | -€11,809 | -12.2% |
| Trade receivables | 40 | €92,874 | €80,038 | -€12,836 | -13.8% |
| Other amounts receivable | 41 | €4,143 | €5,170 | +€1,026 | +24.8% |
| Cash at bank and in hand | 54/58 | €310,450 | €373,609 | +€63,160 | +20.3% |
| Deferred charges and accrued income | 490/1 | €2,974 | €10,611 | +€7,637 | +257% |
| Total equity and liabilities | 10/49 | €530,393 | €581,091 | +€50,698 | +9.6% |
| Equity | 10/15 | €381,310 | €425,969 | +€44,659 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,860 | €293,860 | +€44,000 | +17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €248,000 | €292,000 | +€44,000 | +17.7% |
| Profit (loss) carried forward | 14 | €119,050 | €119,709 | +€659 | +0.6% |
| Amounts payable | 17/49 | €149,083 | €155,122 | +€6,039 | +4.1% |
| Amounts payable after more than one year | 17 | €72,879 | €62,243 | -€10,636 | -14.6% |
| Financial debts | 170/4 | €72,879 | €62,243 | -€10,636 | -14.6% |
| Amounts payable within one year | 42/48 | €76,204 | €92,879 | +€16,675 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €10,162 | €10,636 | +€474 | +4.7% |
| Trade debts | 44 | €14,957 | €21,100 | +€6,143 | +41.1% |
| Suppliers | 440/4 | €14,957 | €21,100 | +€6,143 | +41.1% |
| Taxes, remuneration and social security | 45 | €26,461 | €37,713 | +€11,252 | +42.5% |
| Taxes | 450/3 | €18,761 | €36,613 | +€17,852 | +95.2% |
| Remuneration and social security | 454/9 | €7,700 | €1,100 | -€6,600 | -85.7% |
| Other amounts payable | 47/48 | €24,625 | €23,430 | -€1,194 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,504 | €22,158 | +€2,654 | +13.6% |
| Other operating charges | 640/8 | €4,186 | €4,191 | +€5 | +0.1% |
| Gross operating margin | 9900 | €155,421 | €128,215 | -€27,206 | -17.5% |
| Operating profit (loss) | 9901 | €131,731 | €101,866 | -€29,865 | -22.7% |
| Financial income | 75/76B | €0 | €10 | +€10 | +100,000% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +100,000% |
| Financial charges | 65/66B | €11,561 | €11,517 | -€44 | -0.4% |
| Recurring financial charges | 65 | €11,561 | €11,517 | -€44 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €120,170 | €90,359 | -€29,811 | -24.8% |
| Income taxes | 67/77 | €30,537 | €45,699 | +€15,162 | +49.7% |
| Profit (loss) for the period | 9904 | €89,633 | €44,659 | -€44,974 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,633 | €44,659 | -€44,974 | -50.2% |
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 26 October 2026 via checked.be.