TRANSPORTS VELTER: what changed
TRANSPORTS VELTER
Largest movements
- Cash -€14,287
down €14,287 (-95.0%), from €15,037 to €750
mainly Current portion of long-term debt (-€22,847) and Short-term financial debts (-€11,045)
- Tangible fixed assets -€11,731
down €11,731 (-10.8%), from €108,730 to €96,999
of which Land and buildings: -€10,969
- Receivables within one year -€2,508
down €2,508 (-62.4%), from €4,023 to €1,514
of which Other amounts receivable: -€1,475
- Current portion of long-term debt -€22,847
down €22,847 (-100%), from €22,847 to €0
- Short-term financial debts -€11,045
down €11,045 (-100%), from €11,045 to €0
- Profit (loss) carried forward +€8,451
up €8,451 (+2.4%), from -€347,807 to -€339,356
- Debts after one year -€1,955
down €1,955 (-100%), from €1,955 to €0
- Gross operating margin +€21,467
up €21,467 (+414%), from €5,184 to €26,651
- Other operating charges -€7,472
down €7,472 (-68.3%), from €10,944 to €3,472
- Write-downs +€3,450
up €3,450, from -€3,450 to €0
- Financial income -€1,907
down €1,907 (-96.9%), from €1,967 to €61
- Financial charges -€1,737
down €1,737 (-35.7%), from €4,863 to €3,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,789 | €99,264 | -€28,526 | -22.3% |
| Fixed assets | 21/28 | €108,730 | €96,999 | -€11,731 | -10.8% |
| Tangible fixed assets | 22/27 | €108,730 | €96,999 | -€11,731 | -10.8% |
| Land and buildings | 22 | €107,968 | €96,999 | -€10,969 | -10.2% |
| Plant, machinery and equipment | 23 | €646 | €0 | -€646 | -100% |
| Furniture and vehicles | 24 | €115 | €0 | -€115 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €19,060 | €2,265 | -€16,795 | -88.1% |
| Amounts receivable within one year | 40/41 | €4,023 | €1,514 | -€2,508 | -62.4% |
| Trade receivables | 40 | €2,372 | €1,338 | -€1,034 | -43.6% |
| Other amounts receivable | 41 | €1,651 | €176 | -€1,475 | -89.3% |
| Cash at bank and in hand | 54/58 | €15,037 | €750 | -€14,287 | -95.0% |
| Total equity and liabilities | 10/49 | €127,789 | €99,264 | -€28,526 | -22.3% |
| Equity | 10/15 | -€249,902 | -€241,451 | +€8,451 | +3.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €8,205 | €8,205 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,355 | €6,355 | = | 0.0% |
| Distributable reserves | 133 | €1,851 | €1,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,807 | -€339,356 | +€8,451 | +2.4% |
| Investment grants | 15 | €14,700 | €14,700 | = | 0.0% |
| Amounts payable | 17/49 | €377,691 | €340,715 | -€36,977 | -9.8% |
| Amounts payable after more than one year | 17 | €1,955 | €0 | -€1,955 | -100% |
| Financial debts | 170/4 | €1,955 | €0 | -€1,955 | -100% |
| Amounts payable within one year | 42/48 | €375,363 | €340,715 | -€34,648 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €22,847 | €0 | -€22,847 | -100% |
| Financial debts | 43 | €11,045 | €0 | -€11,045 | -100% |
| Credit institutions | 430/8 | €11,045 | €0 | -€11,045 | -100% |
| Trade debts | 44 | €6,798 | €5,637 | -€1,161 | -17.1% |
| Suppliers | 440/4 | €6,798 | €5,637 | -€1,161 | -17.1% |
| Taxes, remuneration and social security | 45 | €25 | €25 | = | 0.0% |
| Taxes | 450/3 | €25 | €25 | = | 0.0% |
| Other amounts payable | 47/48 | €334,648 | €335,052 | +€404 | +0.1% |
| Accrued charges and deferred income | 492/3 | €373 | €0 | -€373 | -100% |
| Non-recurring operating income | 76A | - | €27,355 | +€27,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,173 | €11,663 | -€509 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,450 | €0 | +€3,450 | |
| Other operating charges | 640/8 | €10,944 | €3,472 | -€7,472 | -68.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,184 | €26,651 | +€21,467 | +414% |
| Operating profit (loss) | 9901 | -€14,482 | €11,516 | +€25,998 | |
| Financial income | 75/76B | €1,967 | €61 | -€1,907 | -96.9% |
| Recurring financial income | 75 | €1,967 | €61 | -€1,907 | -96.9% |
| Financial charges | 65/66B | €4,863 | €3,126 | -€1,737 | -35.7% |
| Recurring financial charges | 65 | €4,863 | €3,126 | -€1,737 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,378 | €8,451 | +€25,829 | |
| Profit (loss) for the period | 9904 | -€17,378 | €8,451 | +€25,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,378 | €8,451 | +€25,829 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.