V.V.M.: what changed
What changed
V.V.M.
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€17.0m
2024 · €17.9m-€819,033
Equity
€20.3m
2024 · €15.3m+€5.0m
Cash
€2,664
2024 · €1,904+€760
Balance sheet total
€55.7m
2024 · €47.0m+€8.6m
Largest movements
Assets
- Receivables within one year +€6.4m
up €6.4m (+20.6%), from €31.1m to €37.5m
of which Other amounts receivable: +€7.0m
- Tangible fixed assets +€1.8m
up €1.8m (+24.9%), from €7.4m to €9.3m
- Stocks and contracts +€746,805
up €746,805 (+9.8%), from €7.6m to €8.4m
Equity and liabilities
- Trade debts +€8.0m
up €8.0m (+115%), from €7.0m to €15.1m
- Profit (loss) carried forward +€5.0m
up €5.0m (+43.6%), from €11.6m to €16.6m
- Other debts -€5.0m
down €5.0m (-29.4%), from €17.0m to €12.0m
Income statement
- Goods and materials +€3.3m
up €3.3m (+6.0%), from €54.4m to €57.7m
of which Purchases: +€1.8m
- Turnover +€2.0m
up €2.0m (+1.8%), from €112.9m to €114.9m
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.
Result 2024
€17.9m
Turnover
+€2.0m
Other operating income
+€12,420
Goods and materials
-€3.3m
Services and other goods
-€1.1m
Staff costs
+€187,144
Depreciation
-€118,421
Other operating charges
+€122,743
Other operating items
+€1.3m
Financial income
-€290,131
Financial charges
+€51,464
Taxes
+€252,910
Result 2025
€17.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16.3m
Investment
-€4.0m
Financing
-€12.2m
Cash 2024
€1,904
From operations (derived)
+€16.3m
Net result for the year
+€17.0m
Depreciation
+€2.2m
Stocks and contracts
-€746,805
Receivables within one year
-€6.4m
Deferred charges and accrued income
+€366,457
Trade debts
+€8.0m
Tax, wage and social debts
+€517,720
Other debts
-€5.0m
Accrued charges and deferred income
+€245,943
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€12.2m
Debts after one year
-€234,996
Current portion of long-term debt
+€11,135
Contributions, distributions and other
-€12.0m
Cash 2025
€2,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,028,530 | €55,650,669 | +€8.6m | +18.3% |
| Fixed assets | 21/28 | €7,406,945 | €9,251,644 | +€1.8m | +24.9% |
| Tangible fixed assets | 22/27 | €7,406,617 | €9,250,416 | +€1.8m | +24.9% |
| Plant, machinery and equipment | 23 | €3,659,069 | €4,432,658 | +€773,589 | +21.1% |
| Furniture and vehicles | 24 | €528,900 | €837,360 | +€308,460 | +58.3% |
| Leasing and similar rights | 25 | €3,205,248 | €3,295,622 | +€90,374 | +2.8% |
| Assets under construction and advance payments | 27 | €13,400 | €684,776 | +€671,376 | +5,010% |
| Financial fixed assets | 28 | €328 | €1,228 | +€900 | +274% |
| Other financial fixed assets | 284/8 | €328 | €1,228 | +€900 | +274% |
| Amounts receivable and cash guarantees | 285/8 | €328 | €1,228 | +€900 | +274% |
| Current assets | 29/58 | €39,621,586 | €46,399,025 | +€6.8m | +17.1% |
| Stocks and contracts in progress | 3 | €7,636,083 | €8,382,888 | +€746,805 | +9.8% |
| Stocks | 30/36 | €7,636,083 | €8,382,888 | +€746,805 | +9.8% |
| Raw materials and consumables | 30/31 | €6,175,905 | €5,927,360 | -€248,545 | -4.0% |
| Finished goods | 33 | €1,460,178 | €2,455,528 | +€995,350 | +68.2% |
| Amounts receivable within one year | 40/41 | €31,096,176 | €37,492,507 | +€6.4m | +20.6% |
| Trade receivables | 40 | €13,520,095 | €12,872,915 | -€647,180 | -4.8% |
| Other amounts receivable | 41 | €17,576,081 | €24,619,593 | +€7.0m | +40.1% |
| Cash at bank and in hand | 54/58 | €1,904 | €2,664 | +€760 | +39.9% |
| Deferred charges and accrued income | 490/1 | €887,423 | €520,966 | -€366,457 | -41.3% |
| Total equity and liabilities | 10/49 | €47,028,530 | €55,650,669 | +€8.6m | +18.3% |
| Equity | 10/15 | €15,270,128 | €20,307,638 | +€5.0m | +33.0% |
| Contributions | 10/11 | €713,000 | €713,000 | = | 0.0% |
| Capital | 10 | €713,000 | €713,000 | = | 0.0% |
| Issued capital | 100 | €713,000 | €713,000 | = | 0.0% |
| Reserves | 13 | €2,995,172 | €2,995,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,300 | €71,300 | = | 0.0% |
| Legal reserve | 130 | €71,300 | €71,300 | = | 0.0% |
| Distributable reserves | 133 | €2,923,872 | €2,923,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,561,955 | €16,599,466 | +€5.0m | +43.6% |
| Amounts payable | 17/49 | €31,758,403 | €35,343,031 | +€3.6m | +11.3% |
| Amounts payable after more than one year | 17 | €265,540 | €30,544 | -€234,996 | -88.5% |
| Financial debts | 170/4 | €265,540 | €30,544 | -€234,996 | -88.5% |
| Leasing and similar obligations | 172 | €265,540 | €30,544 | -€234,996 | -88.5% |
| Amounts payable within one year | 42/48 | €26,734,911 | €30,308,592 | +€3.6m | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €223,862 | €234,996 | +€11,135 | +5.0% |
| Trade debts | 44 | €7,009,705 | €15,054,531 | +€8.0m | +115% |
| Suppliers | 440/4 | €7,009,705 | €15,054,531 | +€8.0m | +115% |
| Taxes, remuneration and social security | 45 | €2,501,344 | €3,019,065 | +€517,720 | +20.7% |
| Taxes | 450/3 | €1,147,542 | €1,786,459 | +€638,917 | +55.7% |
| Remuneration and social security | 454/9 | €1,353,802 | €1,232,606 | -€121,196 | -9.0% |
| Other amounts payable | 47/48 | €17,000,000 | €12,000,000 | -€5.0m | -29.4% |
| Accrued charges and deferred income | 492/3 | €4,757,951 | €5,003,894 | +€245,943 | +5.2% |
| Operating income | 70/76A | €112,843,401 | €116,215,377 | +€3.4m | +3.0% |
| Turnover | 70 | €112,914,626 | €114,937,885 | +€2.0m | +1.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€362,628 | €995,350 | +€1.4m | |
| Other operating income | 74 | €269,723 | €282,143 | +€12,420 | +4.6% |
| Non-recurring operating income | 76A | €21,680 | - | -€21,680 | |
| Operating charges | 60/66A | €88,807,426 | €93,012,679 | +€4.2m | +4.7% |
| Goods for resale, raw materials and consumables | 60 | €54,403,631 | €57,684,903 | +€3.3m | +6.0% |
| Purchases | 600/8 | €55,677,264 | €57,436,358 | +€1.8m | +3.2% |
| Change in stocks: decrease (increase) | 609 | -€1,273,633 | €248,545 | +€1.5m | |
| Services and other goods | 61 | €26,961,874 | €28,034,754 | +€1.1m | +4.0% |
| Remuneration, social security and pensions | 62 | €4,784,080 | €4,596,936 | -€187,144 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,079,025 | €2,197,447 | +€118,421 | +5.7% |
| Other operating charges | 640/8 | €560,672 | €437,929 | -€122,743 | -21.9% |
| Non-recurring operating charges | 66A | €18,143 | €60,711 | +€42,568 | +235% |
| Operating profit (loss) | 9901 | €24,035,975 | €23,202,698 | -€833,277 | -3.5% |
| Financial income | 75/76B | €782,585 | €492,454 | -€290,131 | -37.1% |
| Recurring financial income | 75 | €782,585 | €492,454 | -€290,131 | -37.1% |
| Income from current assets | 751 | €782,585 | €487,225 | -€295,360 | -37.7% |
| Other financial income | 752/9 | - | €5,229 | +€5,229 | |
| Financial charges | 65/66B | €957,016 | €905,552 | -€51,464 | -5.4% |
| Recurring financial charges | 65 | €957,016 | €905,552 | -€51,464 | -5.4% |
| Debt charges | 650 | €6,487 | €39,711 | +€33,224 | +512% |
| Other financial charges | 652/9 | €950,530 | €865,841 | -€84,689 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €23,861,543 | €22,789,600 | -€1.1m | -4.5% |
| Income taxes | 67/77 | €6,005,000 | €5,752,090 | -€252,910 | -4.2% |
| Taxes | 670/3 | €6,005,000 | €5,752,090 | -€252,910 | -4.2% |
| Profit (loss) for the period | 9904 | €17,856,543 | €17,037,511 | -€819,033 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,856,543 | €17,037,511 | -€819,033 | -4.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.