Werner Van Ransbeek: 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.
Werner Van Ransbeek
Largest movements
- Cash +€60,007
up €60,007 (+67.0%), from €89,616 to €149,623
mainly Other debts (+€153,821) and Net result for the year (+€125,108)
- Receivables within one year +€48,590
up €48,590 (+182%), from €26,649 to €75,239
of which Trade receivables: +€48,416
- Other debts +€153,821
up €153,821 (+5,067%), from €3,036 to €156,857
- Reserves -€85,000
down €85,000 (-99.8%), from €85,138 to €138
- Profit (loss) carried forward +€30,108
new in 2025: €30,108
- Trade debts +€13,960
up €13,960 (+904%), from €1,544 to €15,504
- Accrued charges and deferred income -€3,585
down €3,585 (-70.5%), from €5,085 to €1,500
- Gross operating margin +€45,807
up €45,807 (+36.6%), from €125,115 to €170,922
- Taxes +€12,667
up €12,667 (+52.3%), from €24,233 to €36,900
- Depreciation +€2,405
up €2,405 (+43.5%), from €5,531 to €7,937
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 | €131,294 | €240,408 | +€109,114 | +83.1% |
| Fixed assets | 21/28 | €12,433 | €12,267 | -€166 | -1.3% |
| Tangible fixed assets | 22/27 | €12,337 | €12,171 | -€166 | -1.3% |
| Furniture and vehicles | 24 | €12,337 | €11,485 | -€852 | -6.9% |
| Other tangible fixed assets | 26 | - | €686 | +€686 | |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €118,862 | €228,141 | +€109,279 | +91.9% |
| Amounts receivable within one year | 40/41 | €26,649 | €75,239 | +€48,590 | +182% |
| Trade receivables | 40 | €26,649 | €75,065 | +€48,416 | +182% |
| Other amounts receivable | 41 | - | €174 | +€174 | |
| Cash at bank and in hand | 54/58 | €89,616 | €149,623 | +€60,007 | +67.0% |
| Deferred charges and accrued income | 490/1 | €2,597 | €3,279 | +€683 | +26.3% |
| Total equity and liabilities | 10/49 | €131,294 | €240,408 | +€109,114 | +83.1% |
| Equity | 10/15 | €103,038 | €48,146 | -€54,892 | -53.3% |
| Contributions | 10/11 | €17,900 | €17,900 | = | 0.0% |
| Reserves | 13 | €85,138 | €138 | -€85,000 | -99.8% |
| Distributable reserves | 133 | €85,138 | €138 | -€85,000 | -99.8% |
| Profit (loss) carried forward | 14 | - | €30,108 | +€30,108 | |
| Amounts payable | 17/49 | €28,256 | €192,262 | +€164,005 | +580% |
| Amounts payable within one year | 42/48 | €23,172 | €190,762 | +€167,590 | +723% |
| Trade debts | 44 | €1,544 | €15,504 | +€13,960 | +904% |
| Suppliers | 440/4 | €1,544 | €15,504 | +€13,960 | +904% |
| Taxes, remuneration and social security | 45 | €18,592 | €18,401 | -€191 | -1.0% |
| Taxes | 450/3 | €16,454 | €18,401 | +€1,946 | +11.8% |
| Remuneration and social security | 454/9 | €2,137 | - | -€2,137 | |
| Other amounts payable | 47/48 | €3,036 | €156,857 | +€153,821 | +5,067% |
| Accrued charges and deferred income | 492/3 | €5,085 | €1,500 | -€3,585 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,531 | €7,937 | +€2,405 | +43.5% |
| Other operating charges | 640/8 | €666 | €775 | +€108 | +16.2% |
| Gross operating margin | 9900 | €125,115 | €170,922 | +€45,807 | +36.6% |
| Operating profit (loss) | 9901 | €118,917 | €162,210 | +€43,293 | +36.4% |
| Financial charges | 65/66B | €256 | €202 | -€54 | -21.0% |
| Recurring financial charges | 65 | €256 | €202 | -€54 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €118,661 | €162,008 | +€43,347 | +36.5% |
| Income taxes | 67/77 | €24,233 | €36,900 | +€12,667 | +52.3% |
| Profit (loss) for the period | 9904 | €94,429 | €125,108 | +€30,679 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,429 | €125,108 | +€30,679 | +32.5% |
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 18 October 2026 via checked.be.