VRANKEN RAF: 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.
VRANKEN RAF
Largest movements
- Receivables after one year +€13,518
up €13,518 (+36.8%), from €36,741 to €50,259
- Tangible fixed assets -€9,996
down €9,996 (-43.3%), from €23,090 to €13,094
of which Leasing and similar rights: -€9,106
- Cash +€9,358
new in 2024: €9,358
mainly Net result for the year (+€14,419) and Depreciation (+€9,996)
- Receivables within one year -€1,800
down €1,800 (-12.0%), from €15,027 to €13,227
of which Other amounts receivable: -€1,019
- Deferred charges and accrued income -€1,027
down €1,027 (-49.4%), from €2,078 to €1,051
- Reserves +€14,068
up €14,068 (+33.3%), from €42,251 to €56,319
of which Distributable reserves: +€14,068
- Debts after one year -€7,402
down €7,402 (-79.9%), from €9,268 to €1,866
- Tax, wage and social debts +€5,000
up €5,000 (+333%), from €1,503 to €6,503
- Current portion of long-term debt -€1,729
down €1,729 (-18.9%), from €9,131 to €7,402
- Gross operating margin +€19,734
up €19,734 (+145%), from €13,610 to €33,344
- Taxes +€5,529
up €5,529 (+568%), from €974 to €6,503
- Other operating charges +€373
up €373 (+19.8%), from €1,883 to €2,256
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,936 | €86,989 | +€10,053 | +13.1% |
| Fixed assets | 21/28 | €23,090 | €13,094 | -€9,996 | -43.3% |
| Tangible fixed assets | 22/27 | €23,090 | €13,094 | -€9,996 | -43.3% |
| Plant, machinery and equipment | 23 | €2,133 | €1,243 | -€890 | -41.7% |
| Leasing and similar rights | 25 | €20,957 | €11,851 | -€9,106 | -43.5% |
| Current assets | 29/58 | €53,846 | €73,895 | +€20,049 | +37.2% |
| Amounts receivable after more than one year | 29 | €36,741 | €50,259 | +€13,518 | +36.8% |
| Other amounts receivable | 291 | €36,741 | €50,259 | +€13,518 | +36.8% |
| Amounts receivable within one year | 40/41 | €15,027 | €13,227 | -€1,800 | -12.0% |
| Trade receivables | 40 | €12,661 | €11,880 | -€781 | -6.2% |
| Other amounts receivable | 41 | €2,366 | €1,347 | -€1,019 | -43.1% |
| Cash at bank and in hand | 54/58 | - | €9,358 | +€9,358 | |
| Deferred charges and accrued income | 490/1 | €2,078 | €1,051 | -€1,027 | -49.4% |
| Total equity and liabilities | 10/49 | €76,936 | €86,989 | +€10,053 | +13.1% |
| Equity | 10/15 | €48,100 | €62,519 | +€14,419 | +30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,251 | €56,319 | +€14,068 | +33.3% |
| 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 | €40,391 | €54,459 | +€14,068 | +34.8% |
| Profit (loss) carried forward | 14 | -€351 | - | +€351 | |
| Amounts payable | 17/49 | €28,836 | €24,470 | -€4,366 | -15.1% |
| Amounts payable after more than one year | 17 | €9,268 | €1,866 | -€7,402 | -79.9% |
| Financial debts | 170/4 | €9,268 | €1,866 | -€7,402 | -79.9% |
| Amounts payable within one year | 42/48 | €19,568 | €22,604 | +€3,036 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €9,131 | €7,402 | -€1,729 | -18.9% |
| Trade debts | 44 | €8,924 | €8,689 | -€235 | -2.6% |
| Suppliers | 440/4 | €8,924 | €8,689 | -€235 | -2.6% |
| Taxes, remuneration and social security | 45 | €1,503 | €6,503 | +€5,000 | +333% |
| Taxes | 450/3 | €1,503 | €6,503 | +€5,000 | +333% |
| Other amounts payable | 47/48 | €10 | €10 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,996 | €9,996 | = | 0.0% |
| Other operating charges | 640/8 | €1,883 | €2,256 | +€373 | +19.8% |
| Gross operating margin | 9900 | €13,610 | €33,344 | +€19,734 | +145% |
| Operating profit (loss) | 9901 | €1,731 | €21,092 | +€19,361 | +1,118% |
| Financial income | 75/76B | €543 | €746 | +€203 | +37.4% |
| Recurring financial income | 75 | €543 | €746 | +€203 | +37.4% |
| Financial charges | 65/66B | €926 | €916 | -€10 | -1.1% |
| Recurring financial charges | 65 | €926 | €916 | -€10 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €1,348 | €20,922 | +€19,574 | +1,452% |
| Income taxes | 67/77 | €974 | €6,503 | +€5,529 | +568% |
| Profit (loss) for the period | 9904 | €374 | €14,419 | +€14,045 | +3,755% |
| Profit (loss) for the period to be appropriated | 9905 | €374 | €14,419 | +€14,045 | +3,755% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.