Valotrans: 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.
Valotrans
Largest movements
- Tangible fixed assets +€84,620
up €84,620 (+17.7%), from €477,058 to €561,678
of which Furniture and vehicles: +€103,617
- Cash +€84,029
up €84,029 (+97.5%), from €86,182 to €170,212
mainly Depreciation (+€92,894) and Net result for the year (+€81,319)
- Receivables within one year +€57,042
up €57,042 (+74.7%), from €76,322 to €133,365
of which Trade receivables: +€42,185
- Reserves +€81,300
up €81,300 (+42.1%), from €193,038 to €274,338
of which Distributable reserves: +€81,300
- Trade debts +€58,802
up €58,802 (+318.7%), from €18,452 to €77,254
- Short-term financial debts +€32,725
up €32,725 (+180.9%), from €18,095 to €50,820
of which Credit institutions: +€28,083
- Current portion of long-term debt +€20,175
up €20,175 (+57.3%), from €35,199 to €55,373
- Tax, wage and social debts +€19,522
up €19,522 (+363.6%), from €5,369 to €24,891
of which Remuneration and social security: +€18,380
- Gross operating margin +€33,048
up €33,048 (+10.7%), from €309,873 to €342,921
- Staff costs +€9,075
up €9,075 (+8.6%), from €105,517 to €114,592
- Depreciation +€4,762
up €4,762 (+5.4%), from €88,132 to €92,894
- Taxes -€4,617
down €4,617 (-17.5%), from €26,442 to €21,825
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 | €675,108 | €904,621 | +€229,514 | +34.0% |
| Fixed assets | 21/28 | €479,392 | €566,710 | +€87,318 | +18.2% |
| Intangible fixed assets | 21 | €2,335 | €5,032 | +€2,698 | +115.6% |
| Tangible fixed assets | 22/27 | €477,058 | €561,678 | +€84,620 | +17.7% |
| Land and buildings | 22 | €315,098 | €301,149 | -€13,950 | -4.4% |
| Plant, machinery and equipment | 23 | €29,942 | €24,895 | -€5,047 | -16.9% |
| Furniture and vehicles | 24 | €132,017 | €235,634 | +€103,617 | +78.5% |
| Current assets | 29/58 | €195,715 | €337,911 | +€142,196 | +72.7% |
| Amounts receivable within one year | 40/41 | €76,322 | €133,365 | +€57,042 | +74.7% |
| Trade receivables | 40 | €62,156 | €104,341 | +€42,185 | +67.9% |
| Other amounts receivable | 41 | €14,166 | €29,024 | +€14,858 | +104.9% |
| Cash at bank and in hand | 54/58 | €86,182 | €170,212 | +€84,029 | +97.5% |
| Deferred charges and accrued income | 490/1 | €33,211 | €34,335 | +€1,124 | +3.4% |
| Total equity and liabilities | 10/49 | €675,108 | €904,621 | +€229,514 | +34.0% |
| Equity | 10/15 | €270,428 | €351,747 | +€81,319 | +30.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €193,038 | €274,338 | +€81,300 | +42.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €186,838 | €268,138 | +€81,300 | +43.5% |
| Profit (loss) carried forward | 14 | €15,390 | €15,410 | +€19 | +0.1% |
| Amounts payable | 17/49 | €404,679 | €552,874 | +€148,195 | +36.6% |
| Amounts payable after more than one year | 17 | €314,455 | €330,917 | +€16,463 | +5.2% |
| Financial debts | 170/4 | €314,455 | €330,917 | +€16,463 | +5.2% |
| Amounts payable within one year | 42/48 | €90,225 | €221,957 | +€131,732 | +146.0% |
| Current portion of amounts payable after more than one year | 42 | €35,199 | €55,373 | +€20,175 | +57.3% |
| Financial debts | 43 | €18,095 | €50,820 | +€32,725 | +180.9% |
| Credit institutions | 430/8 | €11,250 | €39,333 | +€28,083 | +249.6% |
| Other loans | 439 | €6,845 | €11,487 | +€4,642 | +67.8% |
| Trade debts | 44 | €18,452 | €77,254 | +€58,802 | +318.7% |
| Suppliers | 440/4 | €18,452 | €77,254 | +€58,802 | +318.7% |
| Taxes, remuneration and social security | 45 | €5,369 | €24,891 | +€19,522 | +363.6% |
| Taxes | 450/3 | €2,455 | €3,597 | +€1,142 | +46.5% |
| Remuneration and social security | 454/9 | €2,915 | €21,295 | +€18,380 | +630.6% |
| Other amounts payable | 47/48 | €13,110 | €13,617 | +€508 | +3.9% |
| Non-recurring operating income | 76A | €3,483 | €25,030 | +€21,547 | +618.7% |
| Remuneration, social security and pensions | 62 | €105,517 | €114,592 | +€9,075 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,132 | €92,894 | +€4,762 | +5.4% |
| Other operating charges | 640/8 | €4,400 | €5,075 | +€675 | +15.3% |
| Non-recurring operating charges | 66A | - | €8,442 | +€8,442 | |
| Gross operating margin | 9900 | €309,873 | €342,921 | +€33,048 | +10.7% |
| Operating profit (loss) | 9901 | €111,825 | €121,918 | +€10,094 | +9.0% |
| Financial income | 75/76B | €639 | €100 | -€538 | -84.3% |
| Recurring financial income | 75 | €639 | €100 | -€538 | -84.3% |
| Financial charges | 65/66B | €19,536 | €18,875 | -€661 | -3.4% |
| Recurring financial charges | 65 | €19,536 | €18,875 | -€661 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €92,928 | €103,144 | +€10,216 | +11.0% |
| Income taxes | 67/77 | €26,442 | €21,825 | -€4,617 | -17.5% |
| Profit (loss) for the period | 9904 | €66,486 | €81,319 | +€14,833 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,486 | €81,319 | +€14,833 | +22.3% |
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 11 October 2026 via checked.be.