V.G.K. 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.G.K. TRANS
Largest movements
- Tangible fixed assets -€104,321
down €104,321 (-69.1%), from €150,977 to €46,657
of which Furniture and vehicles: -€104,178
- Cash +€13,814
up €13,814 (+208%), from €6,640 to €20,454
mainly Advances received (+€62,734) and Investment in fixed assets (net) (+€62,658)
- Advances received +€62,734
new in 2025: €62,734
- Debts after one year -€47,148
down €47,148 (-29.3%), from €160,749 to €113,601
- Trade debts -€33,538
down €33,538 (-64.9%), from €51,655 to €18,118
- Profit (loss) carried forward -€30,716
down €30,716 (-154%), from -€19,984 to -€50,700
- Tax, wage and social debts -€27,782
down €27,782 (-40.0%), from €69,377 to €41,595
of which Taxes: -€26,875
- Gross operating margin -€171,166
down €171,166 (-26.1%), from €656,447 to €485,281
- Staff costs -€167,774
down €167,774 (-27.4%), from €612,044 to €444,270
- Depreciation -€24,422
down €24,422 (-37.0%), from €66,084 to €41,662
- Other operating charges +€14,284
up €14,284 (+166%), from €8,593 to €22,878
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 | €316,256 | €225,779 | -€90,477 | -28.6% |
| Fixed assets | 21/28 | €158,457 | €54,137 | -€104,321 | -65.8% |
| Tangible fixed assets | 22/27 | €150,977 | €46,657 | -€104,321 | -69.1% |
| Plant, machinery and equipment | 23 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €150,835 | €46,657 | -€104,178 | -69.1% |
| Financial fixed assets | 28 | €7,480 | €7,480 | = | 0.0% |
| Current assets | 29/58 | €157,799 | €171,643 | +€13,844 | +8.8% |
| Amounts receivable within one year | 40/41 | €151,159 | €151,188 | +€29 | 0.0% |
| Trade receivables | 40 | €136,281 | €141,188 | +€4,907 | +3.6% |
| Other amounts receivable | 41 | €14,877 | €10,000 | -€4,877 | -32.8% |
| Cash at bank and in hand | 54/58 | €6,640 | €20,454 | +€13,814 | +208% |
| Total equity and liabilities | 10/49 | €316,256 | €225,779 | -€90,477 | -28.6% |
| Equity | 10/15 | €2,016 | -€28,700 | -€30,716 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,984 | -€50,700 | -€30,716 | -154% |
| Amounts payable | 17/49 | €314,240 | €254,480 | -€59,761 | -19.0% |
| Amounts payable after more than one year | 17 | €160,749 | €113,601 | -€47,148 | -29.3% |
| Financial debts | 170/4 | €160,749 | €113,601 | -€47,148 | -29.3% |
| Amounts payable within one year | 42/48 | €153,491 | €140,878 | -€12,613 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €24,547 | €18,431 | -€6,116 | -24.9% |
| Financial debts | 43 | €7,912 | - | -€7,912 | |
| Credit institutions | 430/8 | €7,912 | - | -€7,912 | |
| Trade debts | 44 | €51,655 | €18,118 | -€33,538 | -64.9% |
| Suppliers | 440/4 | €51,655 | €18,118 | -€33,538 | -64.9% |
| Advances received on contracts in progress | 46 | - | €62,734 | +€62,734 | |
| Taxes, remuneration and social security | 45 | €69,377 | €41,595 | -€27,782 | -40.0% |
| Taxes | 450/3 | €46,689 | €19,814 | -€26,875 | -57.6% |
| Remuneration and social security | 454/9 | €22,688 | €21,782 | -€907 | -4.0% |
| Remuneration, social security and pensions | 62 | €612,044 | €444,270 | -€167,774 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,084 | €41,662 | -€24,422 | -37.0% |
| Other operating charges | 640/8 | €8,593 | €22,878 | +€14,284 | +166% |
| Gross operating margin | 9900 | €656,447 | €485,281 | -€171,166 | -26.1% |
| Operating profit (loss) | 9901 | -€30,275 | -€23,529 | +€6,745 | +22.3% |
| Financial income | 75/76B | €0 | €16 | +€15 | +3,778% |
| Recurring financial income | 75 | €0 | €16 | +€15 | +3,778% |
| Financial charges | 65/66B | €11,388 | €7,202 | -€4,185 | -36.8% |
| Recurring financial charges | 65 | €11,388 | €7,202 | -€4,185 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,662 | -€30,716 | +€10,946 | +26.3% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€41,662 | -€30,716 | +€10,946 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,662 | -€30,716 | +€10,946 | +26.3% |
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 30 October 2026 via checked.be.