Transport Vanthillo: 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.
Transport Vanthillo
Largest movements
- Current investments -€110,141
down €110,141 (-17.5%), from €631,102 to €520,961
- Cash +€81,225
up €81,225 (+26.9%), from €301,515 to €382,740
mainly Net result for the year (+€164,951) and Depreciation (+€128,524)
- Tangible fixed assets -€63,901
down €63,901 (-14.4%), from €442,405 to €378,504
of which Furniture and vehicles: -€63,765
- Receivables within one year -€24,063
down €24,063 (-5.1%), from €475,945 to €451,883
of which Other amounts receivable: -€80,209
- Debts after one year -€80,142
down €80,142 (-34.2%), from €234,116 to €153,974
- Reserves -€70,519
down €70,519 (-5.9%), from €1.2m to €1.1m
of which Distributable reserves: -€70,519
- Gross operating margin +€63,810
up €63,810 (+7.9%), from €802,830 to €866,639
- Staff costs -€52,540
down €52,540 (-9.2%), from €568,974 to €516,434
- Depreciation +€24,931
up €24,931 (+24.1%), from €103,593 to €128,524
- Taxes +€11,406
up €11,406 (+28.5%), from €39,952 to €51,358
- Other operating charges -€10,534
down €10,534 (-78.8%), from €13,369 to €2,835
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 | €1,891,315 | €1,744,369 | -€146,946 | -7.8% |
| Fixed assets | 21/28 | €443,812 | €379,911 | -€63,901 | -14.4% |
| Tangible fixed assets | 22/27 | €442,405 | €378,504 | -€63,901 | -14.4% |
| Land and buildings | 22 | €74,644 | €69,325 | -€5,320 | -7.1% |
| Plant, machinery and equipment | 23 | €1,929 | €7,113 | +€5,184 | +269% |
| Furniture and vehicles | 24 | €365,832 | €302,067 | -€63,765 | -17.4% |
| Financial fixed assets | 28 | €1,407 | €1,407 | = | 0.0% |
| Current assets | 29/58 | €1,447,503 | €1,364,457 | -€83,045 | -5.7% |
| Stocks and contracts in progress | 3 | €19,305 | €4,196 | -€15,109 | -78.3% |
| Stocks | 30/36 | €19,305 | €4,196 | -€15,109 | -78.3% |
| Amounts receivable within one year | 40/41 | €475,945 | €451,883 | -€24,063 | -5.1% |
| Trade receivables | 40 | €336,120 | €392,267 | +€56,147 | +16.7% |
| Other amounts receivable | 41 | €139,825 | €59,616 | -€80,209 | -57.4% |
| Current investments | 50/53 | €631,102 | €520,961 | -€110,141 | -17.5% |
| Cash at bank and in hand | 54/58 | €301,515 | €382,740 | +€81,225 | +26.9% |
| Deferred charges and accrued income | 490/1 | €19,636 | €4,678 | -€14,958 | -76.2% |
| Total equity and liabilities | 10/49 | €1,891,315 | €1,744,369 | -€146,946 | -7.8% |
| Equity | 10/15 | €1,265,424 | €1,194,905 | -€70,519 | -5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,203,424 | €1,132,905 | -€70,519 | -5.9% |
| Non-distributable reserves | 130/1 | €14,585 | €14,585 | = | 0.0% |
| Legal reserve | 130 | €14,585 | €14,585 | = | 0.0% |
| Tax-exempt reserves | 132 | €297,373 | €297,373 | = | 0.0% |
| Distributable reserves | 133 | €891,467 | €820,947 | -€70,519 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €625,891 | €549,464 | -€76,427 | -12.2% |
| Amounts payable after more than one year | 17 | €234,116 | €153,974 | -€80,142 | -34.2% |
| Financial debts | 170/4 | €234,116 | €153,974 | -€80,142 | -34.2% |
| Amounts payable within one year | 42/48 | €391,774 | €395,490 | +€3,715 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €56,645 | €60,880 | +€4,236 | +7.5% |
| Trade debts | 44 | €211,621 | €218,756 | +€7,135 | +3.4% |
| Suppliers | 440/4 | €211,621 | €218,756 | +€7,135 | +3.4% |
| Taxes, remuneration and social security | 45 | €118,509 | €105,587 | -€12,922 | -10.9% |
| Taxes | 450/3 | €67,267 | €52,921 | -€14,346 | -21.3% |
| Remuneration and social security | 454/9 | €51,242 | €52,666 | +€1,425 | +2.8% |
| Other amounts payable | 47/48 | €5,000 | €10,266 | +€5,266 | +105% |
| Remuneration, social security and pensions | 62 | €568,974 | €516,434 | -€52,540 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,593 | €128,524 | +€24,931 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,369 | €2,835 | -€10,534 | -78.8% |
| Gross operating margin | 9900 | €802,830 | €866,639 | +€63,810 | +7.9% |
| Operating profit (loss) | 9901 | €116,893 | €218,845 | +€101,952 | +87.2% |
| Financial income | 75/76B | €12,294 | €8,400 | -€3,894 | -31.7% |
| Recurring financial income | 75 | €12,294 | €8,400 | -€3,894 | -31.7% |
| Financial charges | 65/66B | €10,376 | €10,935 | +€559 | +5.4% |
| Recurring financial charges | 65 | €10,376 | €10,935 | +€559 | +5.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €118,810 | €216,309 | +€97,499 | +82.1% |
| Income taxes | 67/77 | €39,952 | €51,358 | +€11,406 | +28.5% |
| Profit (loss) for the period | 9904 | €78,858 | €164,951 | +€86,093 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €78,858 | €164,951 | +€86,093 | +109% |
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 26 October 2026 via checked.be.