Vranken: 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.
What changed
Vranken
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€881,495
2024 · €777,610+€103,885
Equity
€4.0m
2024 · €3.7m+€381,495
Cash
€1.1m
2024 · €1.3m-€182,888
Balance sheet total
€6.6m
2024 · €6.4m+€231,262
Largest movements
Assets
- Stocks and contracts +€622,049
up €622,049 (+67.2%), from €925,924 to €1.5m
of which Contracts in progress: +€662,419
- Cash -€182,888
down €182,888 (-14.3%), from €1.3m to €1.1m
mainly Stocks and contracts (-€622,049) and Contributions, distributions and other (-€500,000)
- Receivables within one year -€162,691
down €162,691 (-5.2%), from €3.1m to €3.0m
of which Trade receivables: -€341,067
Equity and liabilities
- Reserves +€381,495
up €381,495 (+11.0%), from €3.5m to €3.9m
of which Distributable reserves: +€381,495
- Other debts +€134,711
up €134,711 (+10.4%), from €1.3m to €1.4m
- Trade debts -€131,668
down €131,668 (-16.3%), from €806,491 to €674,823
- Debts after one year -€83,621
down €83,621 (-22.5%), from €371,830 to €288,209
- Current portion of long-term debt -€69,198
down €69,198 (-45.3%), from €152,819 to €83,621
Income statement
- Turnover -€923,678
down €923,678 (-8.3%), from €11.1m to €10.2m
- Depreciation -€360,562
down €360,562 (-64.2%), from €561,889 to €201,328
- Goods and materials +€188,982
up €188,982 (+3.1%), from €6.1m to €6.3m
of which Purchases: +€142,032
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.
Result 2024
€777,610
Turnover
-€923,678
Other operating income
+€22,359
Goods and materials
-€188,982
Services and other goods
-€69,999
Staff costs
-€53,575
Depreciation
+€360,562
Write-downs
-€67,133
Other operating charges
-€8,805
Other operating items
+€1.1m
Financial income
-€3,316
Financial charges
-€2,662
Taxes
-€28,224
Result 2025
€881,495
Cash bridge derived
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.
From operations
+€692,634
Investment
-€155,138
Financing
-€720,384
Cash 2024
€1.3m
From operations (derived)
+€692,634
Net result for the year
+€881,495
Depreciation
+€201,328
Stocks and contracts
-€622,049
Receivables within one year
+€162,691
Deferred charges and accrued income
-€982
Trade debts
-€131,668
Tax, wage and social debts
+€67,108
Other debts
+€134,711
Investment (derived)
-€155,138
Investment in fixed assets (net)
-€155,138
Financing
-€720,384
Debts after one year
-€83,621
Current portion of long-term debt
-€69,198
Short-term financial debts
-€67,565
Contributions, distributions and other
-€500,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,410,583 | €6,641,845 | +€231,262 | +3.6% |
| Fixed assets | 21/28 | €1,059,890 | €1,013,700 | -€46,190 | -4.4% |
| Tangible fixed assets | 22/27 | €1,059,890 | €1,013,700 | -€46,190 | -4.4% |
| Land and buildings | 22 | €101,417 | €90,041 | -€11,376 | -11.2% |
| Plant, machinery and equipment | 23 | €727,263 | €760,379 | +€33,116 | +4.6% |
| Furniture and vehicles | 24 | €205,519 | €142,172 | -€63,346 | -30.8% |
| Leasing and similar rights | 25 | €25,691 | €19,268 | -€6,423 | -25.0% |
| Other tangible fixed assets | 26 | - | €1,840 | +€1,840 | |
| Current assets | 29/58 | €5,350,693 | €5,628,145 | +€277,452 | +5.2% |
| Stocks and contracts in progress | 3 | €925,924 | €1,547,973 | +€622,049 | +67.2% |
| Stocks | 30/36 | €341,580 | €301,210 | -€40,370 | -11.8% |
| Goods purchased for resale | 34 | €341,580 | €301,210 | -€40,370 | -11.8% |
| Contracts in progress | 37 | €584,344 | €1,246,763 | +€662,419 | +113.4% |
| Amounts receivable within one year | 40/41 | €3,135,982 | €2,973,291 | -€162,691 | -5.2% |
| Trade receivables | 40 | €2,912,118 | €2,571,051 | -€341,067 | -11.7% |
| Other amounts receivable | 41 | €223,864 | €402,240 | +€178,376 | +79.7% |
| Cash at bank and in hand | 54/58 | €1,280,790 | €1,097,902 | -€182,888 | -14.3% |
| Deferred charges and accrued income | 490/1 | €7,998 | €8,980 | +€982 | +12.3% |
| Total equity and liabilities | 10/49 | €6,410,583 | €6,641,845 | +€231,262 | +3.6% |
| Equity | 10/15 | €3,660,576 | €4,042,071 | +€381,495 | +10.4% |
| Contributions | 10/11 | €180,700 | €180,700 | = | 0.0% |
| Capital | 10 | €180,700 | €180,700 | = | 0.0% |
| Issued capital | 100 | €180,700 | €180,700 | = | 0.0% |
| Reserves | 13 | €3,479,876 | €3,861,371 | +€381,495 | +11.0% |
| Non-distributable reserves | 130/1 | €18,070 | €18,070 | = | 0.0% |
| Legal reserve | 130 | €18,070 | €18,070 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,626 | €17,626 | = | 0.0% |
| Distributable reserves | 133 | €3,444,181 | €3,825,675 | +€381,495 | +11.1% |
| Amounts payable | 17/49 | €2,750,006 | €2,599,774 | -€150,232 | -5.5% |
| Amounts payable after more than one year | 17 | €371,830 | €288,209 | -€83,621 | -22.5% |
| Financial debts | 170/4 | €371,830 | €288,209 | -€83,621 | -22.5% |
| Leasing and similar obligations | 172 | €15,201 | €7,740 | -€7,460 | -49.1% |
| Credit institutions | 173 | €356,629 | €280,469 | -€76,161 | -21.4% |
| Amounts payable within one year | 42/48 | €2,378,176 | €2,311,565 | -€66,611 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €152,819 | €83,621 | -€69,198 | -45.3% |
| Financial debts | 43 | €67,565 | €0 | -€67,565 | -100.0% |
| Credit institutions | 430/8 | €67,565 | €0 | -€67,565 | -100.0% |
| Trade debts | 44 | €806,491 | €674,823 | -€131,668 | -16.3% |
| Suppliers | 440/4 | €806,491 | €674,823 | -€131,668 | -16.3% |
| Taxes, remuneration and social security | 45 | €51,283 | €118,391 | +€67,108 | +130.9% |
| Taxes | 450/3 | €0 | €62,676 | +€62,676 | |
| Remuneration and social security | 454/9 | €51,283 | €55,714 | +€4,432 | +8.6% |
| Other amounts payable | 47/48 | €1,300,020 | €1,434,731 | +€134,711 | +10.4% |
| Operating income | 70/76A | €10,924,889 | €11,090,908 | +€166,019 | +1.5% |
| Turnover | 70 | €11,120,051 | €10,196,373 | -€923,678 | -8.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€404,920 | €662,419 | +€1.1m | |
| Other operating income | 74 | €209,759 | €232,117 | +€22,359 | +10.7% |
| Operating charges | 60/66A | €9,861,173 | €9,889,105 | +€27,933 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €6,121,182 | €6,310,165 | +€188,982 | +3.1% |
| Purchases | 600/8 | €6,127,762 | €6,269,795 | +€142,032 | +2.3% |
| Change in stocks: decrease (increase) | 609 | -€6,580 | €40,370 | +€46,950 | |
| Services and other goods | 61 | €1,462,007 | €1,532,006 | +€69,999 | +4.8% |
| Remuneration, social security and pensions | 62 | €1,681,955 | €1,735,529 | +€53,575 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561,889 | €201,328 | -€360,562 | -64.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €671 | €67,803 | +€67,133 | +10009.7% |
| Other operating charges | 640/8 | €33,469 | €42,274 | +€8,805 | +26.3% |
| Operating profit (loss) | 9901 | €1,063,717 | €1,201,803 | +€138,087 | +13.0% |
| Financial income | 75/76B | €11,567 | €8,251 | -€3,316 | -28.7% |
| Recurring financial income | 75 | €11,567 | €8,251 | -€3,316 | -28.7% |
| Income from current assets | 751 | €7,270 | €7,494 | +€225 | +3.1% |
| Other financial income | 752/9 | €4,298 | €757 | -€3,541 | -82.4% |
| Financial charges | 65/66B | €20,604 | €23,266 | +€2,662 | +12.9% |
| Recurring financial charges | 65 | €20,604 | €23,266 | +€2,662 | +12.9% |
| Debt charges | 650 | €14,652 | €18,322 | +€3,670 | +25.0% |
| Other financial charges | 652/9 | €5,952 | €4,944 | -€1,008 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €1,054,679 | €1,186,788 | +€132,109 | +12.5% |
| Income taxes | 67/77 | €277,069 | €305,293 | +€28,224 | +10.2% |
| Taxes | 670/3 | €277,069 | €305,293 | +€28,224 | +10.2% |
| Profit (loss) for the period | 9904 | €777,610 | €881,495 | +€103,885 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €777,610 | €881,495 | +€103,885 | +13.4% |
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 11 October 2026 via checked.be.