VC TRANS: 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.
VC TRANS
Largest movements
- Receivables within one year -€5,364
down €5,364 (-34.8%), from €15,429 to €10,066
of which Other amounts receivable: -€4,606
- Tangible fixed assets -€3,800
down €3,800 (-25.5%), from €14,875 to €11,075
- Cash -€514
no longer reported in 2025 (was €514)
mainly Other debts (-€9,894) and Net result for the year (-€856)
- Formation expenses -€375
down €375 (-100%), from €375 to €0
- Other debts -€9,894
down €9,894 (-87.1%), from €11,355 to €1,461
- Profit (loss) carried forward -€856
down €856 (-39.6%), from -€2,161 to -€3,017
- Trade debts +€572
up €572 (+6.0%), from €9,570 to €10,141
- Staff costs -€3,816
down €3,816 (-99.3%), from €3,842 to €25
- Gross operating margin -€3,277
down €3,277 (-45.2%), from €7,244 to €3,967
- Other operating charges -€630
down €630 (-57.7%), from €1,092 to €462
- Depreciation -€479
down €479 (-10.3%), from €4,654 to €4,175
- Financial income -€240
no longer reported in 2025 (was €240)
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 | €31,288 | €21,140 | -€10,147 | -32.4% |
| Formation expenses | 20 | €375 | €0 | -€375 | -100% |
| Fixed assets | 21/28 | €14,875 | €11,075 | -€3,800 | -25.5% |
| Tangible fixed assets | 22/27 | €14,875 | €11,075 | -€3,800 | -25.5% |
| Furniture and vehicles | 24 | €14,875 | €11,075 | -€3,800 | -25.5% |
| Current assets | 29/58 | €16,038 | €10,066 | -€5,972 | -37.2% |
| Amounts receivable within one year | 40/41 | €15,429 | €10,066 | -€5,364 | -34.8% |
| Trade receivables | 40 | €9,301 | €8,543 | -€758 | -8.1% |
| Other amounts receivable | 41 | €6,128 | €1,523 | -€4,606 | -75.2% |
| Cash at bank and in hand | 54/58 | €514 | - | -€514 | |
| Deferred charges and accrued income | 490/1 | €95 | - | -€95 | |
| Total equity and liabilities | 10/49 | €31,288 | €21,140 | -€10,147 | -32.4% |
| Equity | 10/15 | €5,840 | €4,983 | -€856 | -14.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,161 | -€3,017 | -€856 | -39.6% |
| Amounts payable | 17/49 | €25,448 | €16,157 | -€9,291 | -36.5% |
| Amounts payable within one year | 42/48 | €25,448 | €16,157 | -€9,291 | -36.5% |
| Trade debts | 44 | €9,570 | €10,141 | +€572 | +6.0% |
| Suppliers | 440/4 | €9,570 | €10,141 | +€572 | +6.0% |
| Taxes, remuneration and social security | 45 | €4,524 | €4,555 | +€31 | +0.7% |
| Taxes | 450/3 | €4,524 | €4,555 | +€31 | +0.7% |
| Other amounts payable | 47/48 | €11,355 | €1,461 | -€9,894 | -87.1% |
| Remuneration, social security and pensions | 62 | €3,842 | €25 | -€3,816 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,654 | €4,175 | -€479 | -10.3% |
| Other operating charges | 640/8 | €1,092 | €462 | -€630 | -57.7% |
| Gross operating margin | 9900 | €7,244 | €3,967 | -€3,277 | -45.2% |
| Operating profit (loss) | 9901 | -€2,343 | -€696 | +€1,647 | +70.3% |
| Financial income | 75/76B | €240 | - | -€240 | |
| Recurring financial income | 75 | €240 | - | -€240 | |
| Financial charges | 65/66B | €58 | €160 | +€103 | +179% |
| Recurring financial charges | 65 | €58 | €160 | +€103 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€2,161 | -€856 | +€1,304 | +60.4% |
| Profit (loss) for the period | 9904 | -€2,161 | -€856 | +€1,304 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,161 | -€856 | +€1,304 | +60.4% |
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 14 October 2026 via checked.be.