VERGAUWE 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.
VERGAUWE TRANS
Largest movements
- Tangible fixed assets +€111,908
up €111,908 (+88.2%), from €126,859 to €238,767
of which Furniture and vehicles: +€117,375
- Cash -€11,834
down €11,834 (-11.6%), from €101,793 to €89,958
mainly Investment in fixed assets (net) (-€148,023) and Receivables within one year (-€9,137)
- Receivables within one year +€9,137
up €9,137 (+17.3%), from €52,875 to €62,012
of which Other amounts receivable: +€7,177
- Reserves +€56,835
up €56,835 (+48.6%), from €117,000 to €173,835
of which Tax-exempt reserves: +€34,835
- Debts after one year +€36,841
up €36,841 (+32.5%), from €113,496 to €150,337
of which Financial debts: +€36,841
- Current portion of long-term debt +€15,508
up €15,508 (+68.4%), from €22,672 to €38,180
- Provisions +€8,709
new in 2025: €8,709
- Tax, wage and social debts -€7,621
down €7,621 (-99.1%), from €7,687 to €66
- Gross operating margin +€53,870
up €53,870 (+73.0%), from €73,813 to €127,683
- Depreciation -€12,783
down €12,783 (-26.1%), from €48,899 to €36,115
- Taxes +€3,429
up €3,429 (+233%), from €1,474 to €4,903
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 | €293,910 | €399,580 | +€105,670 | +36.0% |
| Fixed assets | 21/28 | €126,859 | €238,767 | +€111,908 | +88.2% |
| Tangible fixed assets | 22/27 | €126,859 | €238,767 | +€111,908 | +88.2% |
| Land and buildings | 22 | €73,305 | €69,095 | -€4,210 | -5.7% |
| Plant, machinery and equipment | 23 | €4,324 | €3,067 | -€1,257 | -29.1% |
| Furniture and vehicles | 24 | €49,230 | €166,605 | +€117,375 | +238% |
| Current assets | 29/58 | €167,052 | €160,814 | -€6,238 | -3.7% |
| Amounts receivable within one year | 40/41 | €52,875 | €62,012 | +€9,137 | +17.3% |
| Trade receivables | 40 | €49,477 | €51,437 | +€1,960 | +4.0% |
| Other amounts receivable | 41 | €3,398 | €10,575 | +€7,177 | +211% |
| Cash at bank and in hand | 54/58 | €101,793 | €89,958 | -€11,834 | -11.6% |
| Deferred charges and accrued income | 490/1 | €12,384 | €8,843 | -€3,541 | -28.6% |
| Total equity and liabilities | 10/49 | €293,910 | €399,580 | +€105,670 | +36.0% |
| Equity | 10/15 | €139,963 | €197,195 | +€57,232 | +40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,000 | €173,835 | +€56,835 | +48.6% |
| Tax-exempt reserves | 132 | - | €34,835 | +€34,835 | |
| Distributable reserves | 133 | €117,000 | €139,000 | +€22,000 | +18.8% |
| Profit (loss) carried forward | 14 | €4,363 | €4,760 | +€397 | +9.1% |
| Provisions and deferred taxes | 16 | - | €8,709 | +€8,709 | |
| Deferred taxes | 168 | - | €8,709 | +€8,709 | |
| Amounts payable | 17/49 | €153,947 | €193,677 | +€39,729 | +25.8% |
| Amounts payable after more than one year | 17 | €113,496 | €150,337 | +€36,841 | +32.5% |
| Financial debts | 170/4 | €73,496 | €110,337 | +€36,841 | +50.1% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,451 | €43,340 | +€2,889 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €22,672 | €38,180 | +€15,508 | +68.4% |
| Trade debts | 44 | €8,746 | €4,664 | -€4,082 | -46.7% |
| Suppliers | 440/4 | €8,746 | €4,664 | -€4,082 | -46.7% |
| Taxes, remuneration and social security | 45 | €7,687 | €66 | -€7,621 | -99.1% |
| Taxes | 450/3 | €7,687 | €66 | -€7,621 | -99.1% |
| Other amounts payable | 47/48 | €1,346 | €429 | -€917 | -68.1% |
| Non-recurring operating income | 76A | - | €45,523 | +€45,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,899 | €36,115 | -€12,783 | -26.1% |
| Other operating charges | 640/8 | €15,467 | €16,107 | +€640 | +4.1% |
| Gross operating margin | 9900 | €73,813 | €127,683 | +€53,870 | +73.0% |
| Operating profit (loss) | 9901 | €9,447 | €75,460 | +€66,014 | +699% |
| Financial income | 75/76B | €806 | €242 | -€564 | -70.0% |
| Recurring financial income | 75 | €806 | €242 | -€564 | -70.0% |
| Financial charges | 65/66B | €5,106 | €4,859 | -€247 | -4.8% |
| Recurring financial charges | 65 | €5,106 | €4,859 | -€247 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €5,146 | €70,843 | +€65,697 | +1,277% |
| Transfer from deferred taxes | 780 | - | €396 | +€396 | |
| Transfer to deferred taxes | 680 | - | €9,105 | +€9,105 | |
| Income taxes | 67/77 | €1,474 | €4,903 | +€3,429 | +233% |
| Profit (loss) for the period | 9904 | €3,672 | €57,232 | +€53,560 | +1,459% |
| Transfer from tax-exempt reserves | 789 | - | €1,584 | +€1,584 | |
| Transfer to tax-exempt reserves | 689 | - | €36,419 | +€36,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,672 | €22,397 | +€18,725 | +510% |
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 20 October 2026 via checked.be.