VCB TRANS: what changed
Two fiscal 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.
VCB TRANS
Largest movements
- Cash +€39,181
up €39,181 (+182.4%), from €21,476 to €60,657
mainly Net result for the year (+€37,385) and Receivables within one year (+€16,125)
- Receivables within one year -€16,125
down €16,125 (-50.5%), from €31,958 to €15,832
of which Other amounts receivable: -€8,343
- Financial fixed assets +€10,370
new in 2025: €10,370
- Tangible fixed assets -€8,875
down €8,875 (-29.4%), from €30,151 to €21,276
of which Furniture and vehicles: -€7,842
- Current investments +€7,219
up €7,219 (+2.5%), from €290,781 to €298,000
- Reserves +€37,000
up €37,000 (+14.1%), from €262,039 to €299,039
of which Distributable reserves: +€37,000
- Gross operating margin +€33,844
up €33,844 (+116.9%), from €28,953 to €62,798
- Taxes +€13,738
up €13,738 (+360.4%), from €3,812 to €17,550
- Financial income +€8,324
up €8,324 (+817.5%), from €1,018 to €9,342
- Financial charges +€2,674
up €2,674 (+42.6%), from €6,276 to €8,950
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 | €374,766 | €412,128 | +€37,362 | +10.0% |
| Fixed assets | 21/28 | €30,151 | €31,646 | +€1,495 | +5.0% |
| Tangible fixed assets | 22/27 | €30,151 | €21,276 | -€8,875 | -29.4% |
| Land and buildings | 22 | €463 | €183 | -€280 | -60.5% |
| Plant, machinery and equipment | 23 | €753 | - | -€753 | |
| Furniture and vehicles | 24 | €28,935 | €21,093 | -€7,842 | -27.1% |
| Financial fixed assets | 28 | - | €10,370 | +€10,370 | |
| Current assets | 29/58 | €344,615 | €380,482 | +€35,867 | +10.4% |
| Stocks and contracts in progress | 3 | €400 | €3,170 | +€2,770 | +692.6% |
| Stocks | 30/36 | €400 | €3,170 | +€2,770 | +692.6% |
| Amounts receivable within one year | 40/41 | €31,958 | €15,832 | -€16,125 | -50.5% |
| Trade receivables | 40 | €23,614 | €15,832 | -€7,782 | -33.0% |
| Other amounts receivable | 41 | €8,343 | - | -€8,343 | |
| Current investments | 50/53 | €290,781 | €298,000 | +€7,219 | +2.5% |
| Cash at bank and in hand | 54/58 | €21,476 | €60,657 | +€39,181 | +182.4% |
| Deferred charges and accrued income | 490/1 | - | €2,822 | +€2,822 | |
| Total equity and liabilities | 10/49 | €374,766 | €412,128 | +€37,362 | +10.0% |
| Equity | 10/15 | €262,039 | €299,424 | +€37,385 | +14.3% |
| Reserves | 13 | €262,039 | €299,039 | +€37,000 | +14.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €260,139 | €297,139 | +€37,000 | +14.2% |
| Profit (loss) carried forward | 14 | - | €385 | +€385 | |
| Amounts payable | 17/49 | €112,727 | €112,703 | -€24 | 0.0% |
| Amounts payable within one year | 42/48 | €112,727 | €112,472 | -€255 | -0.2% |
| Trade debts | 44 | €553 | €1,225 | +€672 | +121.7% |
| Suppliers | 440/4 | €553 | €1,225 | +€672 | +121.7% |
| Taxes, remuneration and social security | 45 | €5,975 | €5,406 | -€568 | -9.5% |
| Taxes | 450/3 | €5,975 | €5,406 | -€568 | -9.5% |
| Other amounts payable | 47/48 | €106,200 | €105,841 | -€359 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €231 | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,455 | €8,122 | -€333 | -3.9% |
| Other operating charges | 640/8 | €544 | €132 | -€413 | -75.8% |
| Gross operating margin | 9900 | €28,953 | €62,798 | +€33,844 | +116.9% |
| Operating profit (loss) | 9901 | €19,954 | €54,544 | +€34,590 | +173.4% |
| Financial income | 75/76B | €1,018 | €9,342 | +€8,324 | +817.5% |
| Recurring financial income | 75 | €1,018 | €9,342 | +€8,324 | +817.5% |
| Financial charges | 65/66B | €6,276 | €8,950 | +€2,674 | +42.6% |
| Recurring financial charges | 65 | €6,276 | €8,950 | +€2,674 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €14,696 | €54,936 | +€40,240 | +273.8% |
| Income taxes | 67/77 | €3,812 | €17,550 | +€13,738 | +360.4% |
| Profit (loss) for the period | 9904 | €10,884 | €37,385 | +€26,502 | +243.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,884 | €37,385 | +€26,502 | +243.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.