VEMA-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.
What changed
VEMA-TRANS
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,928
2024 · €163,759-€191,687
Equity
€3.9m
2024 · €3.9m-€49,578
Cash
€176,192
2024 · €672,724-€496,532
Balance sheet total
€4.5m
2024 · €5.2m-€725,580
Largest movements
Assets
- Cash -€496,532
down €496,532 (-73.8%), from €672,724 to €176,192
mainly Short-term financial debts (-€300,000) and Other debts (-€201,272)
- Tangible fixed assets -€157,054
down €157,054 (-4.1%), from €3.9m to €3.7m
of which Land and buildings: -€208,673
- Receivables within one year -€58,245
down €58,245 (-31.9%), from €182,631 to €124,386
of which Trade receivables: -€80,119
Equity and liabilities
- Short-term financial debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Other debts -€201,272
down €201,272 (-90.3%), from €222,922 to €21,650
- Debts after one year -€100,000
down €100,000 (-95.7%), from €104,500 to €4,500
of which Financial debts: -€100,000
Income statement
- Gross operating margin -€185,342
down €185,342 (-28.1%), from €660,146 to €474,804
- Other operating charges +€83,186
up €83,186 (+53.3%), from €156,091 to €239,277
- Taxes -€66,203
down €66,203 (-89.1%), from €74,329 to €8,127
- Financial charges -€16,406
down €16,406 (-42.2%), from €38,880 to €22,473
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
€163,759
Gross operating margin
-€185,342
Depreciation
-€5,702
Other operating charges
-€83,186
Financial income
-€66
Financial charges
+€16,406
Taxes
+€66,203
Result 2025
-€27,928
raises the resultlowers the result
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.
From operations
+€49,655
Investment
-€124,537
Financing
-€421,650
Cash 2024
€672,724
From operations (derived)
+€49,655
Net result for the year
-€27,928
Depreciation
+€282,391
Stocks and contracts
+€7,500
Receivables within one year
+€58,245
Deferred charges and accrued income
+€5,450
Provisions
-€25,532
Trade debts
+€2,465
Tax, wage and social debts
-€47,406
Other debts
-€201,272
Accrued charges and deferred income
-€4,257
Investment (derived)
-€124,537
Investment in fixed assets (net)
-€124,537
Financing
-€421,650
Debts after one year
-€100,000
Short-term financial debts
-€300,000
Contributions, distributions and other
-€21,650
Cash 2025
€176,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,179,893 | €4,454,313 | -€725,580 | -14.0% |
| Fixed assets | 21/28 | €3,858,421 | €3,700,567 | -€157,854 | -4.1% |
| Tangible fixed assets | 22/27 | €3,857,448 | €3,700,394 | -€157,054 | -4.1% |
| Land and buildings | 22 | €3,848,615 | €3,639,942 | -€208,673 | -5.4% |
| Plant, machinery and equipment | 23 | - | €1,333 | +€1,333 | |
| Furniture and vehicles | 24 | €8,833 | €43,525 | +€34,692 | +393% |
| Assets under construction and advance payments | 27 | - | €15,594 | +€15,594 | |
| Financial fixed assets | 28 | €974 | €174 | -€800 | -82.2% |
| Current assets | 29/58 | €1,321,472 | €753,745 | -€567,727 | -43.0% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €36,886 | €29,386 | -€7,500 | -20.3% |
| Stocks | 30/36 | €36,886 | €29,386 | -€7,500 | -20.3% |
| Amounts receivable within one year | 40/41 | €182,631 | €124,386 | -€58,245 | -31.9% |
| Trade receivables | 40 | €182,631 | €102,513 | -€80,119 | -43.9% |
| Other amounts receivable | 41 | - | €21,873 | +€21,873 | |
| Cash at bank and in hand | 54/58 | €672,724 | €176,192 | -€496,532 | -73.8% |
| Deferred charges and accrued income | 490/1 | €29,230 | €23,781 | -€5,450 | -18.6% |
| Total equity and liabilities | 10/49 | €5,179,893 | €4,454,313 | -€725,580 | -14.0% |
| Equity | 10/15 | €3,930,473 | €3,880,895 | -€49,578 | -1.3% |
| Contributions | 10/11 | €299,000 | €299,000 | = | 0.0% |
| Capital | 10 | €299,000 | €299,000 | = | 0.0% |
| Issued capital | 100 | €299,000 | €299,000 | = | 0.0% |
| Reserves | 13 | €3,631,473 | €3,581,895 | -€49,578 | -1.4% |
| Non-distributable reserves | 130/1 | €29,900 | €29,900 | = | 0.0% |
| Legal reserve | 130 | €29,900 | €29,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,791 | €245,213 | -€49,578 | -16.8% |
| Distributable reserves | 133 | €3,306,782 | €3,306,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €529,284 | €503,753 | -€25,532 | -4.8% |
| Provisions for liabilities and charges | 160/5 | €377,536 | €377,536 | = | 0.0% |
| Major repairs and maintenance | 162 | €377,536 | €377,536 | = | 0.0% |
| Deferred taxes | 168 | €151,748 | €126,217 | -€25,532 | -16.8% |
| Amounts payable | 17/49 | €720,135 | €69,665 | -€650,471 | -90.3% |
| Amounts payable after more than one year | 17 | €104,500 | €4,500 | -€100,000 | -95.7% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts payable | 178/9 | €4,500 | €4,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €611,378 | €65,165 | -€546,214 | -89.3% |
| Financial debts | 43 | €300,000 | €0 | -€300,000 | -100% |
| Credit institutions | 430/8 | €300,000 | €0 | -€300,000 | -100% |
| Trade debts | 44 | €12,165 | €14,629 | +€2,465 | +20.3% |
| Suppliers | 440/4 | €12,165 | €14,629 | +€2,465 | +20.3% |
| Taxes, remuneration and social security | 45 | €76,291 | €28,885 | -€47,406 | -62.1% |
| Taxes | 450/3 | €76,291 | €28,885 | -€47,406 | -62.1% |
| Other amounts payable | 47/48 | €222,922 | €21,650 | -€201,272 | -90.3% |
| Accrued charges and deferred income | 492/3 | €4,257 | €0 | -€4,257 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,689 | €282,391 | +€5,702 | +2.1% |
| Other operating charges | 640/8 | €156,091 | €239,277 | +€83,186 | +53.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €660,146 | €474,804 | -€185,342 | -28.1% |
| Operating profit (loss) | 9901 | €227,366 | -€46,864 | -€274,230 | |
| Financial income | 75/76B | €24,071 | €24,005 | -€66 | -0.3% |
| Recurring financial income | 75 | €24,071 | €24,005 | -€66 | -0.3% |
| Financial charges | 65/66B | €38,880 | €22,473 | -€16,406 | -42.2% |
| Recurring financial charges | 65 | €38,880 | €22,473 | -€16,406 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €212,557 | -€45,333 | -€257,890 | |
| Transfer from deferred taxes | 780 | €25,532 | €25,532 | = | 0.0% |
| Income taxes | 67/77 | €74,329 | €8,127 | -€66,203 | -89.1% |
| Profit (loss) for the period | 9904 | €163,759 | -€27,928 | -€191,687 | |
| Transfer from tax-exempt reserves | 789 | €49,578 | €49,578 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €213,338 | €21,650 | -€191,687 | -89.9% |
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 14 October 2026 via checked.be.