VDBTRANS: 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.
What changed
VDBTRANS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€476,796
2024 · €737,437-€260,642
Equity
€280,188
2024 · €268,392+€11,796
Cash
€693
2024 · €89+€604
Balance sheet total
€2.0m
2024 · €2.7m-€679,747
Largest movements
Assets
- Receivables within one year -€677,523
down €677,523 (-27.5%), from €2.5m to €1.8m
of which Trade receivables: -€497,804
Equity and liabilities
- Debts after one year -€254,882
down €254,882 (-43.0%), from €593,267 to €338,385
- Other debts -€234,000
down €234,000 (-33.4%), from €700,000 to €466,000
- Tax, wage and social debts -€174,890
down €174,890 (-43.2%), from €405,150 to €230,260
of which Taxes: -€122,816
- Current portion of long-term debt -€51,888
down €51,888 (-17.6%), from €294,646 to €242,758
Income statement
- Turnover -€752,605
down €752,605 (-10.9%), from €6.9m to €6.2m
- Staff costs -€341,222
down €341,222 (-10.6%), from €3.2m to €2.9m
- Other operating income +€194,848
up €194,848 (+51.4%), from €378,864 to €573,712
- Goods and materials +€180,434
up €180,434 (+412.5%), from €43,743 to €224,177
of which Purchases: +€178,174
- Services and other goods -€82,800
down €82,800 (-2.6%), from €3.1m to €3.0m
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.
Result 2024
€737,437
Turnover
-€752,605
Other operating income
+€194,848
Goods and materials
-€180,434
Services and other goods
+€82,800
Staff costs
+€341,222
Depreciation
+€30,374
Other operating charges
-€13,846
Other operating items
+€19,124
Financial income
-€9,684
Financial charges
+€14,957
Taxes
+€12,601
Result 2025
€476,796
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.
From operations
+€784,047
Investment
-€11,673
Financing
-€771,770
Cash 2024
€89
From operations (derived)
+€784,047
Net result for the year
+€476,796
Depreciation
+€20,414
Stocks and contracts
-€2,111
Receivables within one year
+€677,523
Deferred charges and accrued income
-€3,802
Trade debts
+€24,118
Tax, wage and social debts
-€174,890
Other debts
-€234,000
Investment (derived)
-€11,673
Investment in fixed assets (net)
-€11,673
Financing
-€771,770
Debts after one year
-€254,882
Current portion of long-term debt
-€51,888
Contributions, distributions and other
-€465,000
Cash 2025
€693
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,718,238 | €2,038,491 | -€679,747 | -25.0% |
| Fixed assets | 21/28 | €71,311 | €62,570 | -€8,741 | -12.3% |
| Tangible fixed assets | 22/27 | €40,876 | €40,715 | -€161 | -0.4% |
| Plant, machinery and equipment | 23 | €34,396 | €33,348 | -€1,047 | -3.0% |
| Furniture and vehicles | 24 | €0 | €7,367 | +€7,367 | |
| Leasing and similar rights | 25 | €6,481 | €0 | -€6,481 | -100.0% |
| Financial fixed assets | 28 | €30,435 | €21,855 | -€8,580 | -28.2% |
| Affiliated companies | 280/1 | €25,000 | €17,500 | -€7,500 | -30.0% |
| Amounts receivable | 281 | €25,000 | €17,500 | -€7,500 | -30.0% |
| Other financial fixed assets | 284/8 | €5,435 | €4,355 | -€1,080 | -19.9% |
| Amounts receivable and cash guarantees | 285/8 | €5,435 | €4,355 | -€1,080 | -19.9% |
| Current assets | 29/58 | €2,646,926 | €1,975,921 | -€671,006 | -25.4% |
| Stocks and contracts in progress | 3 | €101,513 | €103,624 | +€2,111 | +2.1% |
| Stocks | 30/36 | €101,513 | €103,624 | +€2,111 | +2.1% |
| Raw materials and consumables | 30/31 | €101,513 | €103,624 | +€2,111 | +2.1% |
| Amounts receivable within one year | 40/41 | €2,464,656 | €1,787,133 | -€677,523 | -27.5% |
| Trade receivables | 40 | €1,471,793 | €973,989 | -€497,804 | -33.8% |
| Other amounts receivable | 41 | €992,864 | €813,144 | -€179,720 | -18.1% |
| Cash at bank and in hand | 54/58 | €89 | €693 | +€604 | +676.4% |
| Deferred charges and accrued income | 490/1 | €80,668 | €84,470 | +€3,802 | +4.7% |
| Total equity and liabilities | 10/49 | €2,718,238 | €2,038,491 | -€679,747 | -25.0% |
| Equity | 10/15 | €268,392 | €280,188 | +€11,796 | +4.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €111,300 | €111,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,200 | €109,200 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,092 | €147,888 | +€11,796 | +8.7% |
| Amounts payable | 17/49 | €2,449,846 | €1,758,304 | -€691,542 | -28.2% |
| Amounts payable after more than one year | 17 | €593,267 | €338,385 | -€254,882 | -43.0% |
| Financial debts | 170/4 | €593,267 | €338,385 | -€254,882 | -43.0% |
| Leasing and similar obligations | 172 | €593,267 | €338,385 | -€254,882 | -43.0% |
| Amounts payable within one year | 42/48 | €1,856,579 | €1,419,918 | -€436,660 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €294,646 | €242,758 | -€51,888 | -17.6% |
| Trade debts | 44 | €456,783 | €480,901 | +€24,118 | +5.3% |
| Suppliers | 440/4 | €456,783 | €480,901 | +€24,118 | +5.3% |
| Taxes, remuneration and social security | 45 | €405,150 | €230,260 | -€174,890 | -43.2% |
| Taxes | 450/3 | €200,649 | €77,833 | -€122,816 | -61.2% |
| Remuneration and social security | 454/9 | €204,501 | €152,427 | -€52,074 | -25.5% |
| Other amounts payable | 47/48 | €700,000 | €466,000 | -€234,000 | -33.4% |
| Operating income | 70/76A | €7,301,872 | €6,763,239 | -€538,633 | -7.4% |
| Turnover | 70 | €6,923,008 | €6,170,403 | -€752,605 | -10.9% |
| Other operating income | 74 | €378,864 | €573,712 | +€194,848 | +51.4% |
| Non-recurring operating income | 76A | - | €19,124 | +€19,124 | |
| Operating charges | 60/66A | €6,460,775 | €6,200,658 | -€260,117 | -4.0% |
| Goods for resale, raw materials and consumables | 60 | €43,743 | €224,177 | +€180,434 | +412.5% |
| Purchases | 600/8 | €48,114 | €226,289 | +€178,174 | +370.3% |
| Change in stocks: decrease (increase) | 609 | -€4,371 | -€2,111 | +€2,260 | +51.7% |
| Services and other goods | 61 | €3,129,394 | €3,046,593 | -€82,800 | -2.6% |
| Remuneration, social security and pensions | 62 | €3,228,798 | €2,887,576 | -€341,222 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,789 | €20,414 | -€30,374 | -59.8% |
| Other operating charges | 640/8 | €8,051 | €21,897 | +€13,846 | +172.0% |
| Operating profit (loss) | 9901 | €841,097 | €562,582 | -€278,516 | -33.1% |
| Financial income | 75/76B | €46,315 | €36,631 | -€9,684 | -20.9% |
| Recurring financial income | 75 | €46,315 | €36,631 | -€9,684 | -20.9% |
| Income from current assets | 751 | €46,137 | €36,607 | -€9,530 | -20.7% |
| Other financial income | 752/9 | €178 | €24 | -€155 | -86.7% |
| Financial charges | 65/66B | €124,271 | €109,314 | -€14,957 | -12.0% |
| Recurring financial charges | 65 | €124,271 | €109,314 | -€14,957 | -12.0% |
| Debt charges | 650 | €119,386 | €104,682 | -€14,704 | -12.3% |
| Other financial charges | 652/9 | €4,885 | €4,631 | -€254 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €763,141 | €489,899 | -€273,243 | -35.8% |
| Income taxes | 67/77 | €25,704 | €13,103 | -€12,601 | -49.0% |
| Taxes | 670/3 | €25,704 | €13,103 | -€12,601 | -49.0% |
| Profit (loss) for the period | 9904 | €737,437 | €476,796 | -€260,642 | -35.3% |
| Transfer to tax-exempt reserves | 689 | €21,050 | - | -€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €716,387 | €476,796 | -€239,592 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.