VRANJE VI: 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.
VRANJE VI
Largest movements
- Tangible fixed assets +€81,187
up €81,187 (+41.7%), from €194,802 to €275,989
of which Land and buildings: +€62,697
- Financial fixed assets +€3,700
new in 2025: €3,700
- Debts after one year +€71,299
up €71,299 (+37.8%), from €188,484 to €259,783
- Profit (loss) carried forward -€42,059
down €42,059 (-138%), from -€30,551 to -€72,610
- Other debts +€27,525
up €27,525 (+85.5%), from €32,186 to €59,711
- Current portion of long-term debt +€23,309
up €23,309 (+545%), from €4,276 to €27,585
- Staff costs +€7,580
new in 2025: €7,580
- Depreciation +€6,678
up €6,678 (+155%), from €4,322 to €11,000
- Gross operating margin -€5,396
down €5,396 (-116%), from -€4,644 to -€10,040
- Financial charges +€2,662
up €2,662 (+27.1%), from €9,825 to €12,487
- Other operating charges +€952
new in 2025: €952
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 | €209,677 | €291,834 | +€82,157 | +39.2% |
| Fixed assets | 21/28 | €194,802 | €279,689 | +€84,887 | +43.6% |
| Tangible fixed assets | 22/27 | €194,802 | €275,989 | +€81,187 | +41.7% |
| Land and buildings | 22 | €194,802 | €257,499 | +€62,697 | +32.2% |
| Plant, machinery and equipment | 23 | - | €18,490 | +€18,490 | |
| Financial fixed assets | 28 | - | €3,700 | +€3,700 | |
| Current assets | 29/58 | €14,875 | €12,145 | -€2,730 | -18.4% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €6,741 | €5,378 | -€1,363 | -20.2% |
| Trade receivables | 40 | €5,580 | €827 | -€4,753 | -85.2% |
| Other amounts receivable | 41 | €1,161 | €4,551 | +€3,390 | +292% |
| Cash at bank and in hand | 54/58 | €8,134 | €5,267 | -€2,867 | -35.2% |
| Total equity and liabilities | 10/49 | €209,677 | €291,834 | +€82,157 | +39.2% |
| Equity | 10/15 | -€20,551 | -€62,610 | -€42,059 | -205% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,551 | -€72,610 | -€42,059 | -138% |
| Amounts payable | 17/49 | €230,228 | €354,444 | +€124,216 | +54.0% |
| Amounts payable after more than one year | 17 | €188,484 | €259,783 | +€71,299 | +37.8% |
| Financial debts | 170/4 | €188,484 | €259,783 | +€71,299 | +37.8% |
| Amounts payable within one year | 42/48 | €41,744 | €94,661 | +€52,917 | +127% |
| Current portion of amounts payable after more than one year | 42 | €4,276 | €27,585 | +€23,309 | +545% |
| Trade debts | 44 | €5,282 | €6,679 | +€1,397 | +26.4% |
| Suppliers | 440/4 | €5,282 | €6,679 | +€1,397 | +26.4% |
| Taxes, remuneration and social security | 45 | - | €686 | +€686 | |
| Remuneration and social security | 454/9 | - | €686 | +€686 | |
| Other amounts payable | 47/48 | €32,186 | €59,711 | +€27,525 | +85.5% |
| Non-recurring operating income | 76A | - | €6,617 | +€6,617 | |
| Remuneration, social security and pensions | 62 | - | €7,580 | +€7,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,322 | €11,000 | +€6,678 | +155% |
| Other operating charges | 640/8 | - | €952 | +€952 | |
| Gross operating margin | 9900 | -€4,644 | -€10,040 | -€5,396 | -116% |
| Operating profit (loss) | 9901 | -€8,966 | -€29,572 | -€20,606 | -230% |
| Financial charges | 65/66B | €9,825 | €12,487 | +€2,662 | +27.1% |
| Recurring financial charges | 65 | €9,825 | €12,487 | +€2,662 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,791 | -€42,059 | -€23,268 | -124% |
| Profit (loss) for the period | 9904 | -€18,791 | -€42,059 | -€23,268 | -124% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,791 | -€42,059 | -€23,268 | -124% |
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 16 October 2026 via checked.be.