VRANCKX- VANHOUCHE: 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- VANHOUCHE
Largest movements
- Tangible fixed assets -€15,545
down €15,545 (-5.1%), from €304,612 to €289,067
of which Land and buildings: -€12,979
- Receivables within one year -€7,594
no longer reported in 2025 (was €7,594)
of which Other amounts receivable: -€7,440
- Cash -€3,761
down €3,761 (-18.5%), from €20,384 to €16,623
mainly Debts after one year (-€25,066) and Other debts (-€12,678)
- Debts after one year -€25,066
down €25,066 (-53.9%), from €46,483 to €21,417
- Other debts -€12,678
down €12,678 (-27.5%), from €46,033 to €33,355
- Reserves +€9,636
up €9,636 (+5.5%), from €173,941 to €183,577
of which Distributable reserves: +€13,123
- Financial charges -€548
down €548 (-22.4%), from €2,442 to €1,894
of which Financial charges: -€625
- Depreciation -€412
down €412 (-2.6%), from €15,957 to €15,545
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 | €332,589 | €305,690 | -€26,899 | -8.1% |
| Fixed assets | 21/28 | €304,612 | €289,067 | -€15,545 | -5.1% |
| Tangible fixed assets | 22/27 | €304,612 | €289,067 | -€15,545 | -5.1% |
| Land and buildings | 22 | €286,233 | €273,253 | -€12,979 | -4.5% |
| Plant, machinery and equipment | 23 | €18,379 | €15,814 | -€2,565 | -14.0% |
| Current assets | 29/58 | €27,977 | €16,623 | -€11,355 | -40.6% |
| Amounts receivable within one year | 40/41 | €7,594 | - | -€7,594 | |
| Trade receivables | 40 | €153 | - | -€153 | |
| Other amounts receivable | 41 | €7,440 | - | -€7,440 | |
| Cash at bank and in hand | 54/58 | €20,384 | €16,623 | -€3,761 | -18.5% |
| Total equity and liabilities | 10/49 | €332,589 | €305,690 | -€26,899 | -8.1% |
| Equity | 10/15 | €180,141 | €189,777 | +€9,636 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,941 | €183,577 | +€9,636 | +5.5% |
| Tax-exempt reserves | 132 | €70,902 | €67,415 | -€3,487 | -4.9% |
| Distributable reserves | 133 | €103,039 | €116,162 | +€13,123 | +12.7% |
| Provisions and deferred taxes | 16 | €23,634 | €22,472 | -€1,162 | -4.9% |
| Deferred taxes | 168 | €23,634 | €22,472 | -€1,162 | -4.9% |
| Amounts payable | 17/49 | €128,815 | €93,441 | -€35,373 | -27.5% |
| Amounts payable after more than one year | 17 | €46,483 | €21,417 | -€25,066 | -53.9% |
| Financial debts | 170/4 | €46,483 | €21,417 | -€25,066 | -53.9% |
| Amounts payable within one year | 42/48 | €82,331 | €72,024 | -€10,307 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €24,392 | €25,066 | +€674 | +2.8% |
| Trade debts | 44 | - | €612 | +€612 | |
| Suppliers | 440/4 | - | €612 | +€612 | |
| Taxes, remuneration and social security | 45 | €11,906 | €12,991 | +€1,085 | +9.1% |
| Taxes | 450/3 | €11,906 | €12,991 | +€1,085 | +9.1% |
| Other amounts payable | 47/48 | €46,033 | €33,355 | -€12,678 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,957 | €15,545 | -€412 | -2.6% |
| Other operating charges | 640/8 | €2,325 | €2,394 | +€69 | +3.0% |
| Gross operating margin | 9900 | €34,793 | €34,554 | -€239 | -0.7% |
| Operating profit (loss) | 9901 | €16,511 | €16,615 | +€104 | +0.6% |
| Financial income | 75/76B | €438 | €320 | -€118 | -26.9% |
| Recurring financial income | 75 | €438 | €320 | -€118 | -26.9% |
| Financial charges | 65/66B | €2,442 | €1,894 | -€548 | -22.4% |
| Recurring financial charges | 65 | €2,442 | €1,816 | -€625 | -25.6% |
| Non-recurring financial charges | 66B | - | €78 | +€78 | |
| Profit (loss) for the period before taxes | 9903 | €14,507 | €15,041 | +€534 | +3.7% |
| Transfer from deferred taxes | 780 | €1,162 | €1,162 | = | 0.0% |
| Income taxes | 67/77 | €6,424 | €6,567 | +€143 | +2.2% |
| Profit (loss) for the period | 9904 | €9,245 | €9,636 | +€391 | +4.2% |
| Transfer from tax-exempt reserves | 789 | €3,487 | €3,487 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,732 | €13,123 | +€391 | +3.1% |
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 19 October 2026 via checked.be.