VéCo 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.
VéCo trans
Largest movements
- Receivables within one year +€76,353
up €76,353 (+92.9%), from €82,221 to €158,574
of which Trade receivables: +€70,496
- Cash -€27,610
down €27,610 (-51.6%), from €53,487 to €25,877
mainly Receivables within one year (-€76,353) and Net result for the year (-€17,851)
- Trade debts +€71,303
up €71,303 (+112.9%), from €63,155 to €134,459
- Profit (loss) carried forward -€17,851
down €17,851 (-70.4%), from €25,364 to €7,512
- Other debts -€6,121
down €6,121 (-100.0%), from €6,121 to €0
- Gross operating margin -€24,175
down €24,175, from €12,143 to -€12,032
- Taxes -€2,380
down €2,380 (-94.4%), from €2,521 to €141
- Financial charges -€265
down €265 (-9.1%), from €2,920 to €2,656
- Other operating charges +€242
up €242 (+13.1%), from €1,842 to €2,084
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 | €143,616 | €191,087 | +€47,471 | +33.1% |
| Fixed assets | 21/28 | €1,277 | €338 | -€939 | -73.5% |
| Tangible fixed assets | 22/27 | €1,227 | €288 | -€939 | -76.5% |
| Other tangible fixed assets | 26 | €1,227 | €288 | -€939 | -76.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €142,338 | €190,749 | +€48,410 | +34.0% |
| Amounts receivable within one year | 40/41 | €82,221 | €158,574 | +€76,353 | +92.9% |
| Trade receivables | 40 | €71,975 | €142,471 | +€70,496 | +97.9% |
| Other amounts receivable | 41 | €10,247 | €16,104 | +€5,857 | +57.2% |
| Cash at bank and in hand | 54/58 | €53,487 | €25,877 | -€27,610 | -51.6% |
| Deferred charges and accrued income | 490/1 | €6,630 | €6,297 | -€333 | -5.0% |
| Total equity and liabilities | 10/49 | €143,616 | €191,087 | +€47,471 | +33.1% |
| Equity | 10/15 | €74,339 | €56,487 | -€17,851 | -24.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €23,975 | €23,975 | = | 0.0% |
| Distributable reserves | 133 | €23,975 | €23,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,364 | €7,512 | -€17,851 | -70.4% |
| Amounts payable | 17/49 | €69,277 | €134,600 | +€65,323 | +94.3% |
| Amounts payable within one year | 42/48 | €69,277 | €134,600 | +€65,323 | +94.3% |
| Trade debts | 44 | €63,155 | €134,459 | +€71,303 | +112.9% |
| Suppliers | 440/4 | €63,155 | €134,459 | +€71,303 | +112.9% |
| Taxes, remuneration and social security | 45 | €0 | €141 | +€141 | |
| Taxes | 450/3 | €0 | €141 | +€141 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,121 | €0 | -€6,121 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €939 | = | 0.0% |
| Other operating charges | 640/8 | €1,842 | €2,084 | +€242 | +13.1% |
| Gross operating margin | 9900 | €12,143 | -€12,032 | -€24,175 | |
| Operating profit (loss) | 9901 | €9,362 | -€15,055 | -€24,417 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.6% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.6% |
| Financial charges | 65/66B | €2,920 | €2,656 | -€265 | -9.1% |
| Recurring financial charges | 65 | €2,920 | €2,656 | -€265 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,463 | -€17,710 | -€24,174 | |
| Income taxes | 67/77 | €2,521 | €141 | -€2,380 | -94.4% |
| Profit (loss) for the period | 9904 | €3,943 | -€17,851 | -€21,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,943 | -€17,851 | -€21,794 |
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 9 October 2026 via checked.be.