VEMATRANS: 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.
VEMATRANS
Largest movements
- Receivables within one year -€30,986
down €30,986 (-47.5%), from €65,205 to €34,219
of which Trade receivables: -€27,058
- Tangible fixed assets -€24,888
down €24,888 (-17.0%), from €146,537 to €121,649
of which Leasing and similar rights: -€21,657
- Cash +€7,470
up €7,470 (+94.9%), from €7,873 to €15,343
mainly Receivables within one year (+€30,986) and Depreciation (+€24,888)
- Trade debts -€32,390
down €32,390 (-76.0%), from €42,641 to €10,252
- Reserves +€28,176
up €28,176 (+939.2%), from €3,000 to €31,176
of which Distributable reserves: +€31,176
- Other debts -€23,053
down €23,053 (-60.4%), from €38,156 to €15,103
- Debts after one year -€16,646
down €16,646 (-16.3%), from €101,870 to €85,224
- Profit (loss) carried forward -€4,242
no longer reported in 2025 (was €4,242)
- Staff costs -€29,071
down €29,071 (-64.0%), from €45,445 to €16,374
- Gross operating margin -€23,037
down €23,037 (-26.2%), from €88,028 to €64,991
- Financial income +€15,510
up €15,510 (+49854.2%), from €31 to €15,541
of which Non-recurring financial income: +€15,539
- Depreciation +€4,807
up €4,807 (+23.9%), from €20,081 to €24,888
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 | €227,877 | €178,040 | -€49,837 | -21.9% |
| Fixed assets | 21/28 | €146,672 | €121,784 | -€24,888 | -17.0% |
| Tangible fixed assets | 22/27 | €146,537 | €121,649 | -€24,888 | -17.0% |
| Plant, machinery and equipment | 23 | €10,727 | €7,755 | -€2,972 | -27.7% |
| Furniture and vehicles | 24 | €1,192 | €933 | -€259 | -21.7% |
| Leasing and similar rights | 25 | €134,617 | €112,960 | -€21,657 | -16.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €81,205 | €56,256 | -€24,949 | -30.7% |
| Amounts receivable within one year | 40/41 | €65,205 | €34,219 | -€30,986 | -47.5% |
| Trade receivables | 40 | €53,778 | €26,719 | -€27,058 | -50.3% |
| Other amounts receivable | 41 | €11,428 | €7,500 | -€3,928 | -34.4% |
| Cash at bank and in hand | 54/58 | €7,873 | €15,343 | +€7,470 | +94.9% |
| Deferred charges and accrued income | 490/1 | €8,127 | €6,694 | -€1,433 | -17.6% |
| Total equity and liabilities | 10/49 | €227,877 | €178,040 | -€49,837 | -21.9% |
| Equity | 10/15 | €20,042 | €43,976 | +€23,934 | +119.4% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €3,000 | €31,176 | +€28,176 | +939.2% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | - | €31,176 | +€31,176 | |
| Profit (loss) carried forward | 14 | €4,242 | - | -€4,242 | |
| Amounts payable | 17/49 | €207,836 | €134,064 | -€73,771 | -35.5% |
| Amounts payable after more than one year | 17 | €101,870 | €85,224 | -€16,646 | -16.3% |
| Financial debts | 170/4 | €101,870 | €85,224 | -€16,646 | -16.3% |
| Amounts payable within one year | 42/48 | €105,965 | €48,840 | -€57,126 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €15,942 | €16,646 | +€704 | +4.4% |
| Trade debts | 44 | €42,641 | €10,252 | -€32,390 | -76.0% |
| Suppliers | 440/4 | €42,641 | €10,252 | -€32,390 | -76.0% |
| Taxes, remuneration and social security | 45 | €9,226 | €6,840 | -€2,387 | -25.9% |
| Taxes | 450/3 | €9,050 | €4,039 | -€5,011 | -55.4% |
| Remuneration and social security | 454/9 | €176 | €2,801 | +€2,625 | +1487.7% |
| Other amounts payable | 47/48 | €38,156 | €15,103 | -€23,053 | -60.4% |
| Remuneration, social security and pensions | 62 | €45,445 | €16,374 | -€29,071 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,081 | €24,888 | +€4,807 | +23.9% |
| Other operating charges | 640/8 | €9,127 | €9,216 | +€88 | +1.0% |
| Gross operating margin | 9900 | €88,028 | €64,991 | -€23,037 | -26.2% |
| Operating profit (loss) | 9901 | €13,374 | €14,512 | +€1,138 | +8.5% |
| Financial income | 75/76B | €31 | €15,541 | +€15,510 | +49854.2% |
| Recurring financial income | 75 | €31 | €2 | -€29 | -92.8% |
| Non-recurring financial income | 76B | - | €15,539 | +€15,539 | |
| Financial charges | 65/66B | €5,808 | €5,600 | -€209 | -3.6% |
| Recurring financial charges | 65 | €5,808 | €5,600 | -€209 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €7,597 | €24,454 | +€16,857 | +221.9% |
| Income taxes | 67/77 | - | €520 | +€520 | |
| Profit (loss) for the period | 9904 | €7,597 | €23,934 | +€16,337 | +215.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,597 | €23,934 | +€16,337 | +215.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.