TRANS VAES: 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.
TRANS VAES
Largest movements
- Cash +€15,632
up €15,632 (+156%), from €10,048 to €25,679
mainly Net result for the year (+€33,911) and Depreciation (+€7,737)
- Tangible fixed assets -€7,737
down €7,737 (-25.6%), from €30,243 to €22,506
- Receivables within one year +€6,837
up €6,837 (+11.5%), from €59,355 to €66,192
of which Other amounts receivable: +€11,604
- Reserves +€33,911
up €33,911 (+86.0%), from €39,428 to €73,339
- Trade debts -€10,937
down €10,937 (-54.7%), from €19,995 to €9,058
- Debts after one year -€9,000
down €9,000 (-69.2%), from €13,003 to €4,003
- Tax, wage and social debts +€1,626
up €1,626 (+12.3%), from €13,256 to €14,882
of which Remuneration and social security: +€2,416
- Staff costs +€37,574
up €37,574 (+179%), from €21,039 to €58,613
- Gross operating margin +€32,821
up €32,821 (+41.0%), from €80,107 to €112,927
- Taxes +€1,813
up €1,813 (+17.4%), from €10,426 to €12,239
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 | €100,421 | €115,281 | +€14,860 | +14.8% |
| Fixed assets | 21/28 | €30,243 | €22,506 | -€7,737 | -25.6% |
| Tangible fixed assets | 22/27 | €30,243 | €22,506 | -€7,737 | -25.6% |
| Furniture and vehicles | 24 | €30,243 | €22,506 | -€7,737 | -25.6% |
| Current assets | 29/58 | €70,178 | €92,775 | +€22,597 | +32.2% |
| Amounts receivable within one year | 40/41 | €59,355 | €66,192 | +€6,837 | +11.5% |
| Trade receivables | 40 | €46,531 | €41,763 | -€4,767 | -10.2% |
| Other amounts receivable | 41 | €12,824 | €24,428 | +€11,604 | +90.5% |
| Cash at bank and in hand | 54/58 | €10,048 | €25,679 | +€15,632 | +156% |
| Deferred charges and accrued income | 490/1 | €775 | €904 | +€129 | +16.6% |
| Total equity and liabilities | 10/49 | €100,421 | €115,281 | +€14,860 | +14.8% |
| Equity | 10/15 | €44,428 | €78,339 | +€33,911 | +76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,428 | €73,339 | +€33,911 | +86.0% |
| Distributable reserves | 133 | €39,428 | €73,339 | +€33,911 | +86.0% |
| Amounts payable | 17/49 | €55,993 | €36,942 | -€19,051 | -34.0% |
| Amounts payable after more than one year | 17 | €13,003 | €4,003 | -€9,000 | -69.2% |
| Financial debts | 170/4 | €13,003 | €4,003 | -€9,000 | -69.2% |
| Amounts payable within one year | 42/48 | €42,251 | €32,940 | -€9,311 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €19,995 | €9,058 | -€10,937 | -54.7% |
| Suppliers | 440/4 | €19,995 | €9,058 | -€10,937 | -54.7% |
| Taxes, remuneration and social security | 45 | €13,256 | €14,882 | +€1,626 | +12.3% |
| Taxes | 450/3 | €8,063 | €7,273 | -€790 | -9.8% |
| Remuneration and social security | 454/9 | €5,193 | €7,609 | +€2,416 | +46.5% |
| Accrued charges and deferred income | 492/3 | €739 | €0 | -€739 | -100% |
| Remuneration, social security and pensions | 62 | €21,039 | €58,613 | +€37,574 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,842 | €7,737 | -€105 | -1.3% |
| Other operating charges | 640/8 | €731 | €1,032 | +€301 | +41.1% |
| Gross operating margin | 9900 | €80,107 | €112,927 | +€32,821 | +41.0% |
| Operating profit (loss) | 9901 | €50,494 | €45,545 | -€4,949 | -9.8% |
| Financial income | 75/76B | €172 | €1,028 | +€857 | +499% |
| Recurring financial income | 75 | €172 | €1,028 | +€857 | +499% |
| Financial charges | 65/66B | €812 | €424 | -€388 | -47.8% |
| Recurring financial charges | 65 | €812 | €424 | -€388 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €49,854 | €46,149 | -€3,704 | -7.4% |
| Income taxes | 67/77 | €10,426 | €12,239 | +€1,813 | +17.4% |
| Profit (loss) for the period | 9904 | €39,428 | €33,911 | -€5,517 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,428 | €33,911 | -€5,517 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.