VANCOTRANS: 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.
VANCOTRANS
Largest movements
- Tangible fixed assets -€22,533
down €22,533 (-45.0%), from €50,072 to €27,539
of which Leasing and similar rights: -€43,256
- Receivables within one year +€18,918
up €18,918 (+75.2%), from €25,163 to €44,080
of which Trade receivables: +€24,050
- Deferred charges and accrued income -€8,853
down €8,853 (-89.8%), from €9,854 to €1,001
- Cash -€8,143
down €8,143 (-27.0%), from €30,166 to €22,022
mainly Debts after one year (-€20,000) and Receivables within one year (-€18,918)
- Debts after one year -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
of which Other amounts payable: -€20,000
- Current portion of long-term debt -€16,280
down €16,280 (-100%), from €16,280 to €0
- Profit (loss) carried forward +€9,448
up €9,448 (+14.4%), from -€65,564 to -€56,116
- Other debts +€5,169
up €5,169 (+422%), from €1,225 to €6,394
- Tax, wage and social debts +€1,901
up €1,901 (+63.0%), from €3,017 to €4,919
- Gross operating margin +€21,205
up €21,205 (+58.1%), from €36,483 to €57,688
- Taxes +€3,931
new in 2025: €3,931
- Financial charges -€1,886
down €1,886 (-35.2%), from €5,353 to €3,468
- Other operating charges +€1,748
up €1,748 (+15.7%), from €11,111 to €12,859
- Depreciation +€1,168
up €1,168 (+4.4%), from €26,815 to €27,983
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 | €115,254 | €94,643 | -€20,611 | -17.9% |
| Fixed assets | 21/28 | €50,072 | €27,539 | -€22,533 | -45.0% |
| Tangible fixed assets | 22/27 | €50,072 | €27,539 | -€22,533 | -45.0% |
| Plant, machinery and equipment | 23 | €2,406 | €160 | -€2,246 | -93.4% |
| Furniture and vehicles | 24 | €4,409 | €27,379 | +€22,970 | +521% |
| Leasing and similar rights | 25 | €43,256 | €0 | -€43,256 | -100% |
| Current assets | 29/58 | €65,183 | €67,104 | +€1,921 | +2.9% |
| Amounts receivable within one year | 40/41 | €25,163 | €44,080 | +€18,918 | +75.2% |
| Trade receivables | 40 | €18,985 | €43,035 | +€24,050 | +127% |
| Other amounts receivable | 41 | €6,177 | €1,045 | -€5,132 | -83.1% |
| Cash at bank and in hand | 54/58 | €30,166 | €22,022 | -€8,143 | -27.0% |
| Deferred charges and accrued income | 490/1 | €9,854 | €1,001 | -€8,853 | -89.8% |
| Total equity and liabilities | 10/49 | €115,254 | €94,643 | -€20,611 | -17.9% |
| Equity | 10/15 | €25,636 | €35,084 | +€9,448 | +36.9% |
| Contributions | 10/11 | €91,200 | €91,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€65,564 | -€56,116 | +€9,448 | +14.4% |
| Amounts payable | 17/49 | €89,619 | €59,559 | -€30,059 | -33.5% |
| Amounts payable after more than one year | 17 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Amounts payable within one year | 42/48 | €25,155 | €16,566 | -€8,588 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €16,280 | €0 | -€16,280 | -100% |
| Trade debts | 44 | €4,633 | €5,254 | +€621 | +13.4% |
| Suppliers | 440/4 | €4,633 | €5,254 | +€621 | +13.4% |
| Taxes, remuneration and social security | 45 | €3,017 | €4,919 | +€1,901 | +63.0% |
| Taxes | 450/3 | €3,017 | €4,919 | +€1,901 | +63.0% |
| Other amounts payable | 47/48 | €1,225 | €6,394 | +€5,169 | +422% |
| Accrued charges and deferred income | 492/3 | €4,464 | €2,993 | -€1,471 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,815 | €27,983 | +€1,168 | +4.4% |
| Other operating charges | 640/8 | €11,111 | €12,859 | +€1,748 | +15.7% |
| Gross operating margin | 9900 | €36,483 | €57,688 | +€21,205 | +58.1% |
| Operating profit (loss) | 9901 | -€1,442 | €16,847 | +€18,289 | |
| Financial income | 75/76B | €449 | €0 | -€449 | -100% |
| Recurring financial income | 75 | €449 | €0 | -€449 | -100% |
| Financial charges | 65/66B | €5,353 | €3,468 | -€1,886 | -35.2% |
| Recurring financial charges | 65 | €5,353 | €3,468 | -€1,886 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,346 | €13,379 | +€19,726 | |
| Income taxes | 67/77 | - | €3,931 | +€3,931 | |
| Profit (loss) for the period | 9904 | -€6,346 | €9,448 | +€15,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,346 | €9,448 | +€15,794 |
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 20 October 2026 via checked.be.