VDV 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.
VDV Trans
Largest movements
- Receivables within one year -€10,612
down €10,612 (-40.3%), from €26,344 to €15,732
of which Trade receivables: -€10,612
- Deferred charges and accrued income -€2,244
down €2,244 (-53.6%), from €4,188 to €1,945
- Tangible fixed assets +€1,097
up €1,097 (+9.6%), from €11,444 to €12,541
of which Furniture and vehicles: +€2,060
- Debts after one year -€23,311
down €23,311 (-25.6%), from €91,178 to €67,867
- Profit (loss) carried forward +€15,547
up €15,547 (+14.2%), from -€109,259 to -€93,712
- Current portion of long-term debt -€12,309
down €12,309 (-32.1%), from €38,372 to €26,063
- Trade debts +€6,291
up €6,291 (+25.7%), from €24,451 to €30,742
- Tax, wage and social debts +€2,120
up €2,120 (+40.4%), from €5,241 to €7,361
of which Taxes: +€2,596
- Other operating charges -€64,274
down €64,274 (-96.7%), from €66,443 to €2,169
- Staff costs -€15,684
no longer reported in 2025 (was €15,684)
- Gross operating margin +€2,758
up €2,758 (+11.0%), from €25,090 to €27,848
- Financial income +€1,025
up €1,025 (+3655.7%), from €28 to €1,053
- Financial charges -€942
down €942 (-11.8%), from €7,995 to €7,053
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 | €53,984 | €42,321 | -€11,662 | -21.6% |
| Fixed assets | 21/28 | €11,444 | €12,541 | +€1,097 | +9.6% |
| Tangible fixed assets | 22/27 | €11,444 | €12,541 | +€1,097 | +9.6% |
| Plant, machinery and equipment | 23 | €7,310 | €6,347 | -€964 | -13.2% |
| Furniture and vehicles | 24 | €4,134 | €6,194 | +€2,060 | +49.8% |
| Current assets | 29/58 | €42,540 | €29,781 | -€12,759 | -30.0% |
| Amounts receivable within one year | 40/41 | €26,344 | €15,732 | -€10,612 | -40.3% |
| Trade receivables | 40 | €24,844 | €14,232 | -€10,612 | -42.7% |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,007 | €12,104 | +€96 | +0.8% |
| Deferred charges and accrued income | 490/1 | €4,188 | €1,945 | -€2,244 | -53.6% |
| Total equity and liabilities | 10/49 | €53,984 | €42,321 | -€11,662 | -21.6% |
| Equity | 10/15 | -€105,259 | -€89,712 | +€15,547 | +14.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,259 | -€93,712 | +€15,547 | +14.2% |
| Amounts payable | 17/49 | €159,243 | €132,033 | -€27,209 | -17.1% |
| Amounts payable after more than one year | 17 | €91,178 | €67,867 | -€23,311 | -25.6% |
| Financial debts | 170/4 | €91,178 | €67,867 | -€23,311 | -25.6% |
| Amounts payable within one year | 42/48 | €68,064 | €64,166 | -€3,898 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €38,372 | €26,063 | -€12,309 | -32.1% |
| Trade debts | 44 | €24,451 | €30,742 | +€6,291 | +25.7% |
| Suppliers | 440/4 | €24,451 | €30,742 | +€6,291 | +25.7% |
| Taxes, remuneration and social security | 45 | €5,241 | €7,361 | +€2,120 | +40.4% |
| Taxes | 450/3 | €4,765 | €7,361 | +€2,596 | +54.5% |
| Remuneration and social security | 454/9 | €476 | - | -€476 | |
| Remuneration, social security and pensions | 62 | €15,684 | - | -€15,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,308 | €4,132 | +€824 | +24.9% |
| Other operating charges | 640/8 | €66,443 | €2,169 | -€64,274 | -96.7% |
| Gross operating margin | 9900 | €25,090 | €27,848 | +€2,758 | +11.0% |
| Operating profit (loss) | 9901 | -€60,345 | €21,547 | +€81,892 | |
| Financial income | 75/76B | €28 | €1,053 | +€1,025 | +3655.7% |
| Recurring financial income | 75 | €28 | €1,053 | +€1,025 | +3655.7% |
| Financial charges | 65/66B | €7,995 | €7,053 | -€942 | -11.8% |
| Recurring financial charges | 65 | €7,995 | €7,053 | -€942 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€68,312 | €15,547 | +€83,859 | |
| Profit (loss) for the period | 9904 | -€68,312 | €15,547 | +€83,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,312 | €15,547 | +€83,859 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.