V2V EXPRESS ONE: 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.
What changed
V2V EXPRESS ONE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€57,129
2024 · -€72,338+€15,209
Equity
€92,194
2024 · €149,323-€57,129
Cash
€6,278
2024 · €7,988-€1,710
Balance sheet total
€732,409
2024 · €855,722-€123,313
Largest movements
Assets
- Tangible fixed assets -€85,477
down €85,477 (-26.5%), from €322,170 to €236,693
of which Other tangible fixed assets: -€75,606
- Receivables within one year -€21,494
down €21,494 (-5.7%), from €374,877 to €353,383
of which Other amounts receivable: -€60,155
- Stocks and contracts -€12,387
down €12,387 (-8.9%), from €139,598 to €127,211
Equity and liabilities
- Debts after one year -€57,203
down €57,203 (-43.2%), from €132,286 to €75,083
- Profit (loss) carried forward -€57,129
down €57,129 (-96.3%), from €59,323 to €2,194
Income statement
- Gross operating margin +€34,616
up €34,616 (+11.0%), from €315,017 to €349,634
- Staff costs +€14,754
up €14,754 (+5.2%), from €281,854 to €296,608
- Depreciation +€3,989
up €3,989 (+4.8%), from €82,403 to €86,392
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.
Result 2024
-€72,338
Gross operating margin
+€34,616
Staff costs
-€14,754
Depreciation
-€3,989
Other operating charges
-€2,363
Other operating items
+€1,949
Financial income
+€74
Financial charges
-€324
Result 2025
-€57,129
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€60,596
Investment
-€915
Financing
-€61,391
Cash 2024
€7,988
From operations (derived)
+€60,596
Net result for the year
-€57,129
Depreciation
+€86,392
Stocks and contracts
+€12,387
Receivables within one year
+€21,494
Deferred charges and accrued income
+€2,244
Trade debts
-€1,707
Tax, wage and social debts
-€2,164
Accrued charges and deferred income
-€921
Investment (derived)
-€915
Investment in fixed assets (net)
-€915
Financing
-€61,391
Debts after one year
-€57,203
Current portion of long-term debt
-€287
Short-term financial debts
-€3,901
Cash 2025
€6,278
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €855,722 | €732,409 | -€123,313 | -14.4% |
| Fixed assets | 21/28 | €322,170 | €236,693 | -€85,477 | -26.5% |
| Tangible fixed assets | 22/27 | €322,170 | €236,693 | -€85,477 | -26.5% |
| Plant, machinery and equipment | 23 | €18,894 | €17,308 | -€1,585 | -8.4% |
| Furniture and vehicles | 24 | €30,910 | €22,624 | -€8,286 | -26.8% |
| Other tangible fixed assets | 26 | €272,366 | €196,760 | -€75,606 | -27.8% |
| Current assets | 29/58 | €533,552 | €495,716 | -€37,836 | -7.1% |
| Stocks and contracts in progress | 3 | €139,598 | €127,211 | -€12,387 | -8.9% |
| Stocks | 30/36 | €139,598 | €127,211 | -€12,387 | -8.9% |
| Amounts receivable within one year | 40/41 | €374,877 | €353,383 | -€21,494 | -5.7% |
| Trade receivables | 40 | €16,488 | €55,149 | +€38,661 | +234% |
| Other amounts receivable | 41 | €358,388 | €298,234 | -€60,155 | -16.8% |
| Cash at bank and in hand | 54/58 | €7,988 | €6,278 | -€1,710 | -21.4% |
| Deferred charges and accrued income | 490/1 | €11,089 | €8,845 | -€2,244 | -20.2% |
| Total equity and liabilities | 10/49 | €855,722 | €732,409 | -€123,313 | -14.4% |
| Equity | 10/15 | €149,323 | €92,194 | -€57,129 | -38.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,323 | €2,194 | -€57,129 | -96.3% |
| Amounts payable | 17/49 | €706,398 | €640,215 | -€66,183 | -9.4% |
| Amounts payable after more than one year | 17 | €132,286 | €75,083 | -€57,203 | -43.2% |
| Financial debts | 170/4 | €132,286 | €75,083 | -€57,203 | -43.2% |
| Amounts payable within one year | 42/48 | €569,533 | €561,474 | -€8,059 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €65,609 | €65,322 | -€287 | -0.4% |
| Financial debts | 43 | €29,959 | €26,058 | -€3,901 | -13.0% |
| Credit institutions | 430/8 | €29,959 | €26,058 | -€3,901 | -13.0% |
| Trade debts | 44 | €432,878 | €431,172 | -€1,707 | -0.4% |
| Suppliers | 440/4 | €432,878 | €431,172 | -€1,707 | -0.4% |
| Taxes, remuneration and social security | 45 | €41,087 | €38,923 | -€2,164 | -5.3% |
| Remuneration and social security | 454/9 | €41,087 | €38,923 | -€2,164 | -5.3% |
| Accrued charges and deferred income | 492/3 | €4,579 | €3,658 | -€921 | -20.1% |
| Non-recurring operating income | 76A | €2,481 | €5,000 | +€2,519 | +101% |
| Remuneration, social security and pensions | 62 | €281,854 | €296,608 | +€14,754 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,403 | €86,392 | +€3,989 | +4.8% |
| Other operating charges | 640/8 | €1,084 | €3,447 | +€2,363 | +218% |
| Non-recurring operating charges | 66A | €1,949 | - | -€1,949 | |
| Gross operating margin | 9900 | €315,017 | €349,634 | +€34,616 | +11.0% |
| Operating profit (loss) | 9901 | -€52,273 | -€36,814 | +€15,459 | +29.6% |
| Financial income | 75/76B | €2,394 | €2,467 | +€74 | +3.1% |
| Recurring financial income | 75 | €2,394 | €2,467 | +€74 | +3.1% |
| Financial charges | 65/66B | €22,459 | €22,783 | +€324 | +1.4% |
| Recurring financial charges | 65 | €22,459 | €22,783 | +€324 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,338 | -€57,129 | +€15,209 | +21.0% |
| Profit (loss) for the period | 9904 | -€72,338 | -€57,129 | +€15,209 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,338 | -€57,129 | +€15,209 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.