VALTRANS: 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.
VALTRANS
Largest movements
- Tangible fixed assets +€121,302
up €121,302 (+24.4%), from €497,634 to €618,937
of which Furniture and vehicles: +€205,121
- Receivables within one year +€20,185
up €20,185 (+207%), from €9,731 to €29,917
of which Trade receivables: +€15,415
- Stocks and contracts -€7,263
no longer reported in 2025 (was €7,263)
- Debts after one year +€82,558
up €82,558 (+28.2%), from €292,995 to €375,553
- Current portion of long-term debt +€22,190
up €22,190 (+78.7%), from €28,212 to €50,402
- Profit (loss) carried forward +€17,371
up €17,371, from -€5,143 to €12,228
- Gross operating margin +€24,940
up €24,940 (+50.7%), from €49,147 to €74,087
- Depreciation +€6,242
up €6,242 (+16.4%), from €37,984 to €44,225
- Financial charges +€1,249
up €1,249 (+17.3%), from €7,208 to €8,457
- Other operating charges +€875
up €875 (+34.5%), from €2,534 to €3,409
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 | €541,808 | €668,491 | +€126,683 | +23.4% |
| Fixed assets | 21/28 | €497,634 | €618,937 | +€121,302 | +24.4% |
| Tangible fixed assets | 22/27 | €497,634 | €618,937 | +€121,302 | +24.4% |
| Land and buildings | 22 | €412,768 | €332,069 | -€80,698 | -19.6% |
| Plant, machinery and equipment | 23 | €6,674 | €3,554 | -€3,120 | -46.7% |
| Furniture and vehicles | 24 | €78,193 | €283,313 | +€205,121 | +262% |
| Current assets | 29/58 | €44,174 | €49,554 | +€5,380 | +12.2% |
| Stocks and contracts in progress | 3 | €7,263 | - | -€7,263 | |
| Stocks | 30/36 | €7,263 | - | -€7,263 | |
| Amounts receivable within one year | 40/41 | €9,731 | €29,917 | +€20,185 | +207% |
| Trade receivables | 40 | €8,581 | €23,996 | +€15,415 | +180% |
| Other amounts receivable | 41 | €1,151 | €5,921 | +€4,770 | +414% |
| Cash at bank and in hand | 54/58 | €25,007 | €19,339 | -€5,668 | -22.7% |
| Deferred charges and accrued income | 490/1 | €2,173 | €299 | -€1,874 | -86.3% |
| Total equity and liabilities | 10/49 | €541,808 | €668,491 | +€126,683 | +23.4% |
| Equity | 10/15 | €1,057 | €18,428 | +€17,371 | +1,643% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,143 | €12,228 | +€17,371 | |
| Amounts payable | 17/49 | €540,751 | €650,063 | +€109,312 | +20.2% |
| Amounts payable after more than one year | 17 | €292,995 | €375,553 | +€82,558 | +28.2% |
| Financial debts | 170/4 | €292,995 | €375,553 | +€82,558 | +28.2% |
| Amounts payable within one year | 42/48 | €247,756 | €274,510 | +€26,754 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €28,212 | €50,402 | +€22,190 | +78.7% |
| Trade debts | 44 | €3,812 | €7,984 | +€4,172 | +109% |
| Suppliers | 440/4 | €3,812 | €7,984 | +€4,172 | +109% |
| Taxes, remuneration and social security | 45 | €6,801 | €7,322 | +€521 | +7.7% |
| Taxes | 450/3 | €530 | €449 | -€81 | -15.3% |
| Remuneration and social security | 454/9 | €6,271 | €6,873 | +€602 | +9.6% |
| Other amounts payable | 47/48 | €208,931 | €208,802 | -€128 | -0.1% |
| Remuneration, social security and pensions | 62 | - | €367 | +€367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,984 | €44,225 | +€6,242 | +16.4% |
| Other operating charges | 640/8 | €2,534 | €3,409 | +€875 | +34.5% |
| Gross operating margin | 9900 | €49,147 | €74,087 | +€24,940 | +50.7% |
| Operating profit (loss) | 9901 | €8,629 | €26,087 | +€17,457 | +202% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €7,208 | €8,457 | +€1,249 | +17.3% |
| Recurring financial charges | 65 | €7,208 | €8,457 | +€1,249 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,421 | €17,647 | +€16,225 | +1,142% |
| Income taxes | 67/77 | €555 | €276 | -€279 | -50.2% |
| Profit (loss) for the period | 9904 | €867 | €17,371 | +€16,504 | +1,904% |
| Profit (loss) for the period to be appropriated | 9905 | €867 | €17,371 | +€16,504 | +1,904% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.