VRANJE VII: what changed
VRANJE VII
Largest movements
- Cash -€38,945
down €38,945 (-78.1%), from €49,842 to €10,897
mainly Net result for the year (-€36,750) and Debts after one year (-€25,721)
- Tangible fixed assets -€6,646
down €6,646 (-3.1%), from €212,871 to €206,225
of which Land and buildings: -€12,396
- Profit (loss) carried forward -€36,750
down €36,750 (-112%), from -€32,813 to -€69,563
- Debts after one year -€25,721
down €25,721 (-14.3%), from €179,758 to €154,037
- Tax, wage and social debts +€12,513
up €12,513 (+1,044%), from €1,198 to €13,711
of which Taxes: +€6,339
- Trade debts +€7,486
up €7,486 (+63.8%), from €11,736 to €19,222
- Investment grants -€3,477
down €3,477 (-11.1%), from €31,298 to €27,821
- Gross operating margin +€92,778
up €92,778, from -€4,290 to €88,488
- Staff costs +€81,728
up €81,728 (+924%), from €8,846 to €90,574
- Depreciation +€14,999
up €14,999 (+96.5%), from €15,546 to €30,545
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 | €281,805 | €238,431 | -€43,374 | -15.4% |
| Fixed assets | 21/28 | €212,871 | €206,225 | -€6,646 | -3.1% |
| Tangible fixed assets | 22/27 | €212,871 | €206,225 | -€6,646 | -3.1% |
| Land and buildings | 22 | €187,690 | €175,294 | -€12,396 | -6.6% |
| Plant, machinery and equipment | 23 | €25,181 | €30,931 | +€5,750 | +22.8% |
| Current assets | 29/58 | €68,934 | €32,206 | -€36,728 | -53.3% |
| Stocks and contracts in progress | 3 | - | €2,550 | +€2,550 | |
| Stocks | 30/36 | - | €2,550 | +€2,550 | |
| Amounts receivable within one year | 40/41 | €19,092 | €18,759 | -€333 | -1.7% |
| Trade receivables | 40 | €12,164 | €18,759 | +€6,595 | +54.2% |
| Other amounts receivable | 41 | €6,928 | - | -€6,928 | |
| Cash at bank and in hand | 54/58 | €49,842 | €10,897 | -€38,945 | -78.1% |
| Total equity and liabilities | 10/49 | €281,805 | €238,431 | -€43,374 | -15.4% |
| Equity | 10/15 | -€515 | -€40,742 | -€40,227 | -7,811% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,813 | -€69,563 | -€36,750 | -112% |
| Investment grants | 15 | €31,298 | €27,821 | -€3,477 | -11.1% |
| Amounts payable | 17/49 | €282,320 | €279,173 | -€3,147 | -1.1% |
| Amounts payable after more than one year | 17 | €179,758 | €154,037 | -€25,721 | -14.3% |
| Financial debts | 170/4 | €179,758 | €154,037 | -€25,721 | -14.3% |
| Amounts payable within one year | 42/48 | €102,562 | €125,136 | +€22,574 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €22,843 | €23,847 | +€1,004 | +4.4% |
| Trade debts | 44 | €11,736 | €19,222 | +€7,486 | +63.8% |
| Suppliers | 440/4 | €11,736 | €19,222 | +€7,486 | +63.8% |
| Taxes, remuneration and social security | 45 | €1,198 | €13,711 | +€12,513 | +1,044% |
| Taxes | 450/3 | - | €6,339 | +€6,339 | |
| Remuneration and social security | 454/9 | €1,198 | €7,372 | +€6,174 | +515% |
| Other amounts payable | 47/48 | €66,785 | €68,356 | +€1,571 | +2.4% |
| Remuneration, social security and pensions | 62 | €8,846 | €90,574 | +€81,728 | +924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,546 | €30,545 | +€14,999 | +96.5% |
| Other operating charges | 640/8 | €485 | €292 | -€193 | -39.8% |
| Gross operating margin | 9900 | -€4,290 | €88,488 | +€92,778 | |
| Operating profit (loss) | 9901 | -€29,167 | -€32,923 | -€3,756 | -12.9% |
| Financial income | 75/76B | €3,482 | €3,478 | -€4 | -0.1% |
| Recurring financial income | 75 | €3,482 | €3,478 | -€4 | -0.1% |
| Financial charges | 65/66B | €7,128 | €7,305 | +€177 | +2.5% |
| Recurring financial charges | 65 | €7,128 | €7,305 | +€177 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,813 | -€36,750 | -€3,937 | -12.0% |
| Profit (loss) for the period | 9904 | -€32,813 | -€36,750 | -€3,937 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,813 | -€36,750 | -€3,937 | -12.0% |
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.