TRANSPORT VANDERVORST: what changed
Two fiscal 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.
TRANSPORT VANDERVORST
Largest movements
- Cash -€483,190
down €483,190 (-17.0%), from €2.9m to €2.4m
mainly Investment in fixed assets (net) (-€503,639) and Receivables within one year (-€352,731)
- Receivables within one year +€352,731
up €352,731 (+31.5%), from €1.1m to €1.5m
of which Trade receivables: +€351,452
- Trade debts -€256,281
down €256,281 (-51.3%), from €499,801 to €243,521
- Debts after one year -€102,226
down €102,226 (-7.7%), from €1.3m to €1.2m
- Current portion of long-term debt +€87,555
up €87,555 (+24.3%), from €359,662 to €447,217
- Reserves +€73,212
up €73,212 (+1.9%), from €3.8m to €3.9m
of which Distributable reserves: +€73,212
- Staff costs +€289,873
up €289,873 (+8.1%), from €3.6m to €3.9m
- Gross operating margin +€286,066
up €286,066 (+6.6%), from €4.4m to €4.6m
- Depreciation +€108,025
up €108,025 (+23.8%), from €454,362 to €562,388
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,711,455 | €6,561,687 | -€149,768 | -2.2% |
| Fixed assets | 21/28 | €2,493,012 | €2,434,263 | -€58,748 | -2.4% |
| Tangible fixed assets | 22/27 | €2,492,912 | €2,434,163 | -€58,748 | -2.4% |
| Plant, machinery and equipment | 23 | €584,558 | €867,456 | +€282,898 | +48.4% |
| Furniture and vehicles | 24 | €1,834,568 | €1,502,318 | -€332,250 | -18.1% |
| Other tangible fixed assets | 26 | €73,785 | €64,390 | -€9,396 | -12.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €4,218,443 | €4,127,424 | -€91,019 | -2.2% |
| Stocks and contracts in progress | 3 | €140,417 | €125,100 | -€15,316 | -10.9% |
| Stocks | 30/36 | €140,417 | €125,100 | -€15,316 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,121,493 | €1,474,223 | +€352,731 | +31.5% |
| Trade receivables | 40 | €1,064,753 | €1,416,204 | +€351,452 | +33.0% |
| Other amounts receivable | 41 | €56,740 | €58,019 | +€1,279 | +2.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,850,074 | €2,366,884 | -€483,190 | -17.0% |
| Deferred charges and accrued income | 490/1 | €106,210 | €160,966 | +€54,756 | +51.6% |
| Total equity and liabilities | 10/49 | €6,711,455 | €6,561,687 | -€149,768 | -2.2% |
| Equity | 10/15 | €4,104,082 | €4,169,494 | +€65,412 | +1.6% |
| Contributions | 10/11 | €234,507 | €234,507 | = | 0.0% |
| Capital | 10 | €234,507 | €234,507 | = | 0.0% |
| Issued capital | 100 | €234,507 | €234,507 | = | 0.0% |
| Reserves | 13 | €3,846,036 | €3,919,248 | +€73,212 | +1.9% |
| Non-distributable reserves | 130/1 | €26,029 | €26,029 | = | 0.0% |
| Legal reserve | 130 | €26,029 | €26,029 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,054,733 | €1,054,733 | = | 0.0% |
| Distributable reserves | 133 | €2,765,274 | €2,838,486 | +€73,212 | +2.6% |
| Investment grants | 15 | €23,539 | €15,739 | -€7,800 | -33.1% |
| Amounts payable | 17/49 | €2,607,373 | €2,392,193 | -€215,180 | -8.3% |
| Amounts payable after more than one year | 17 | €1,332,268 | €1,230,042 | -€102,226 | -7.7% |
| Financial debts | 170/4 | €1,332,268 | €1,230,042 | -€102,226 | -7.7% |
| Amounts payable within one year | 42/48 | €1,272,013 | €1,154,834 | -€117,178 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €359,662 | €447,217 | +€87,555 | +24.3% |
| Trade debts | 44 | €499,801 | €243,521 | -€256,281 | -51.3% |
| Suppliers | 440/4 | €499,801 | €243,521 | -€256,281 | -51.3% |
| Taxes, remuneration and social security | 45 | €412,549 | €464,097 | +€51,548 | +12.5% |
| Taxes | 450/3 | €53,448 | €81,259 | +€27,811 | +52.0% |
| Remuneration and social security | 454/9 | €359,102 | €382,838 | +€23,736 | +6.6% |
| Accrued charges and deferred income | 492/3 | €3,092 | €7,317 | +€4,224 | +136.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,583,718 | €3,873,590 | +€289,873 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454,362 | €562,388 | +€108,025 | +23.8% |
| Other operating charges | 640/8 | €81,341 | €70,327 | -€11,014 | -13.5% |
| Gross operating margin | 9900 | €4,351,704 | €4,637,770 | +€286,066 | +6.6% |
| Operating profit (loss) | 9901 | €232,284 | €131,466 | -€100,818 | -43.4% |
| Financial income | 75/76B | €65,609 | €40,683 | -€24,927 | -38.0% |
| Recurring financial income | 75 | €65,609 | €40,683 | -€24,927 | -38.0% |
| Financial charges | 65/66B | €53,582 | €69,643 | +€16,061 | +30.0% |
| Recurring financial charges | 65 | €53,582 | €69,643 | +€16,061 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €244,311 | €102,506 | -€141,805 | -58.0% |
| Income taxes | 67/77 | €64,141 | €29,294 | -€34,847 | -54.3% |
| Profit (loss) for the period | 9904 | €180,170 | €73,212 | -€106,958 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €180,170 | €73,212 | -€106,958 | -59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.