VEDA TRANSPORT: 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.
VEDA TRANSPORT
Largest movements
- Cash +€853,471
up €853,471 (+67.2%), from €1.3m to €2.1m
mainly Net result for the year (+€818,494) and Investment in fixed assets (net) (+€600,459)
- Financial fixed assets -€580,494
down €580,494 (-44.8%), from €1.3m to €716,050
- Reserves +€290,999
up €290,999 (+11.4%), from €2.6m to €2.8m
- Tax, wage and social debts -€46,304
no longer reported in 2025 (was €46,304)
- Other debts +€34,032
up €34,032 (+1,981%), from €1,718 to €35,750
- Financial income +€415,020
up €415,020 (+62.9%), from €659,997 to €1.1m
- Taxes +€194,358
up €194,358 (+325%), from €59,883 to €254,241
- Depreciation -€8,396
down €8,396 (-87.5%), from €9,597 to €1,202
- Gross operating margin +€2,309
up €2,309, from -€307 to €2,002
- Financial charges +€1,688
up €1,688 (+1,916%), from €88 to €1,776
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 | €2,609,181 | €2,886,973 | +€277,792 | +10.6% |
| Fixed assets | 21/28 | €1,319,617 | €717,956 | -€601,661 | -45.6% |
| Tangible fixed assets | 22/27 | €23,073 | €1,906 | -€21,167 | -91.7% |
| Land and buildings | 22 | €1,558 | €1,038 | -€519 | -33.3% |
| Furniture and vehicles | 24 | €21,516 | €868 | -€20,648 | -96.0% |
| Financial fixed assets | 28 | €1,296,544 | €716,050 | -€580,494 | -44.8% |
| Current assets | 29/58 | €1,289,564 | €2,169,017 | +€879,453 | +68.2% |
| Amounts receivable within one year | 40/41 | €18,685 | €44,901 | +€26,217 | +140% |
| Trade receivables | 40 | €2,165 | €0 | -€2,165 | -100% |
| Other amounts receivable | 41 | €16,519 | €44,901 | +€28,382 | +172% |
| Cash at bank and in hand | 54/58 | €1,270,644 | €2,124,115 | +€853,471 | +67.2% |
| Deferred charges and accrued income | 490/1 | €235 | €0 | -€235 | -100% |
| Total equity and liabilities | 10/49 | €2,609,181 | €2,886,973 | +€277,792 | +10.6% |
| Equity | 10/15 | €2,559,982 | €2,850,982 | +€290,999 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,553,782 | €2,844,782 | +€290,999 | +11.4% |
| Distributable reserves | 133 | €2,553,782 | €2,844,782 | +€290,999 | +11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €49,199 | €35,991 | -€13,208 | -26.8% |
| Amounts payable within one year | 42/48 | €49,199 | €35,991 | -€13,208 | -26.8% |
| Trade debts | 44 | €1,177 | €241 | -€936 | -79.5% |
| Suppliers | 440/4 | €1,177 | €241 | -€936 | -79.5% |
| Taxes, remuneration and social security | 45 | €46,304 | - | -€46,304 | |
| Taxes | 450/3 | €46,304 | - | -€46,304 | |
| Other amounts payable | 47/48 | €1,718 | €35,750 | +€34,032 | +1,981% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,597 | €1,202 | -€8,396 | -87.5% |
| Other operating charges | 640/8 | €1,693 | €1,308 | -€385 | -22.7% |
| Gross operating margin | 9900 | -€307 | €2,002 | +€2,309 | |
| Operating profit (loss) | 9901 | -€11,597 | -€507 | +€11,090 | +95.6% |
| Financial income | 75/76B | €659,997 | €1,075,018 | +€415,020 | +62.9% |
| Recurring financial income | 75 | €659,997 | €1,075,018 | +€415,020 | +62.9% |
| Financial charges | 65/66B | €88 | €1,776 | +€1,688 | +1,916% |
| Recurring financial charges | 65 | €88 | €1,776 | +€1,688 | +1,916% |
| Profit (loss) for the period before taxes | 9903 | €648,312 | €1,072,734 | +€424,422 | +65.5% |
| Income taxes | 67/77 | €59,883 | €254,241 | +€194,358 | +325% |
| Profit (loss) for the period | 9904 | €588,430 | €818,494 | +€230,064 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €588,430 | €818,494 | +€230,064 | +39.1% |
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 18 October 2026 via checked.be.