V.B.TRANS: 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.
V.B.TRANS
Largest movements
- Tangible fixed assets +€91,480
up €91,480 (+133.5%), from €68,516 to €159,996
of which Furniture and vehicles: +€89,859
- Cash -€21,446
down €21,446 (-64.3%), from €33,333 to €11,887
mainly Investment in fixed assets (net) (-€138,922) and Receivables within one year (-€15,456)
- Receivables within one year +€15,456
up €15,456 (+73.6%), from €21,000 to €36,456
of which Trade receivables: +€16,700
- Other debts +€86,646
up €86,646 (+472.3%), from €18,347 to €104,993
- Reserves +€45,487
up €45,487 (+2445.5%), from €1,860 to €47,347
- Profit (loss) carried forward -€38,199
down €38,199 (-100.0%), from €38,199 to €0
- Tax, wage and social debts -€10,501
down €10,501 (-61.5%), from €17,088 to €6,587
of which Remuneration and social security: -€9,722
- Trade debts +€2,626
up €2,626 (+7.8%), from €33,868 to €36,494
- Gross operating margin +€35,967
up €35,967 (+17.7%), from €203,256 to €239,223
- Other operating charges +€32,739
up €32,739 (+209.6%), from €15,621 to €48,360
- Depreciation -€29,290
down €29,290 (-38.2%), from €76,733 to €47,442
- Staff costs +€14,535
up €14,535 (+13.4%), from €108,481 to €123,016
- Taxes +€3,708
up €3,708 (+791.2%), from €469 to €4,177
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 | €127,961 | €214,021 | +€86,059 | +67.3% |
| Fixed assets | 21/28 | €73,222 | €164,702 | +€91,480 | +124.9% |
| Tangible fixed assets | 22/27 | €68,516 | €159,996 | +€91,480 | +133.5% |
| Plant, machinery and equipment | 23 | €1,694 | €3,315 | +€1,621 | +95.7% |
| Furniture and vehicles | 24 | €66,821 | €156,681 | +€89,859 | +134.5% |
| Financial fixed assets | 28 | €4,706 | €4,706 | = | 0.0% |
| Current assets | 29/58 | €54,739 | €49,319 | -€5,421 | -9.9% |
| Amounts receivable within one year | 40/41 | €21,000 | €36,456 | +€15,456 | +73.6% |
| Trade receivables | 40 | €14,366 | €31,066 | +€16,700 | +116.2% |
| Other amounts receivable | 41 | €6,634 | €5,391 | -€1,243 | -18.7% |
| Cash at bank and in hand | 54/58 | €33,333 | €11,887 | -€21,446 | -64.3% |
| Deferred charges and accrued income | 490/1 | €406 | €975 | +€569 | +140.2% |
| Total equity and liabilities | 10/49 | €127,961 | €214,021 | +€86,059 | +67.3% |
| Equity | 10/15 | €58,659 | €65,947 | +€7,288 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €47,347 | +€45,487 | +2445.5% |
| Distributable reserves | 133 | €1,860 | €47,347 | +€45,487 | +2445.5% |
| Profit (loss) carried forward | 14 | €38,199 | €0 | -€38,199 | -100.0% |
| Amounts payable | 17/49 | €69,302 | €148,074 | +€78,771 | +113.7% |
| Amounts payable within one year | 42/48 | €69,302 | €148,074 | +€78,771 | +113.7% |
| Trade debts | 44 | €33,868 | €36,494 | +€2,626 | +7.8% |
| Suppliers | 440/4 | €33,868 | €36,494 | +€2,626 | +7.8% |
| Taxes, remuneration and social security | 45 | €17,088 | €6,587 | -€10,501 | -61.5% |
| Taxes | 450/3 | €6,495 | €5,716 | -€779 | -12.0% |
| Remuneration and social security | 454/9 | €10,593 | €871 | -€9,722 | -91.8% |
| Other amounts payable | 47/48 | €18,347 | €104,993 | +€86,646 | +472.3% |
| Non-recurring operating income | 76A | €752 | €13,056 | +€12,303 | +1635.3% |
| Remuneration, social security and pensions | 62 | €108,481 | €123,016 | +€14,535 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,733 | €47,442 | -€29,290 | -38.2% |
| Other operating charges | 640/8 | €15,621 | €48,360 | +€32,739 | +209.6% |
| Gross operating margin | 9900 | €203,256 | €239,223 | +€35,967 | +17.7% |
| Operating profit (loss) | 9901 | €2,422 | €20,406 | +€17,983 | +742.4% |
| Financial income | 75/76B | €293 | €130 | -€163 | -55.6% |
| Recurring financial income | 75 | €293 | €130 | -€163 | -55.6% |
| Financial charges | 65/66B | €7,007 | €9,071 | +€2,064 | +29.5% |
| Recurring financial charges | 65 | €7,007 | €9,071 | +€2,064 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,291 | €11,465 | +€15,756 | |
| Income taxes | 67/77 | €469 | €4,177 | +€3,708 | +791.2% |
| Profit (loss) for the period | 9904 | -€4,760 | €7,288 | +€12,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,760 | €7,288 | +€12,048 |
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 12 October 2026 via checked.be.