VERKOTRANS: 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.
VERKOTRANS
Largest movements
- Tangible fixed assets +€140,137
up €140,137 (+61.2%), from €228,863 to €369,000
of which Furniture and vehicles: +€147,796
- Receivables within one year +€63,521
up €63,521 (+57.2%), from €110,956 to €174,477
of which Trade receivables: +€55,389
- Deferred charges and accrued income -€57,317
down €57,317 (-69.7%), from €82,281 to €24,964
- Cash +€17,674
up €17,674 (+9.3%), from €190,695 to €208,369
mainly Depreciation (+€88,100) and Debts after one year (+€65,549)
- Stocks and contracts -€8,598
down €8,598 (-12.8%), from €67,343 to €58,745
- Debts after one year +€65,549
up €65,549 (+128%), from €51,395 to €116,944
- Other debts +€50,072
up €50,072 (+70.0%), from €71,535 to €121,607
- Trade debts +€39,232
up €39,232 (+237%), from €16,563 to €55,795
- Reserves -€38,053
down €38,053 (-8.0%), from €477,100 to €439,048
of which Distributable reserves: -€38,053
- Current portion of long-term debt +€34,935
up €34,935 (+118%), from €29,490 to €64,425
- Depreciation +€23,029
up €23,029 (+35.4%), from €65,071 to €88,100
- Gross operating margin +€18,623
up €18,623 (+8.1%), from €229,042 to €247,664
- Taxes -€9,158
down €9,158 (-56.8%), from €16,125 to €6,967
- Other operating charges +€8,183
up €8,183 (+33.6%), from €24,327 to €32,510
- Staff costs +€6,554
up €6,554 (+8.7%), from €75,537 to €82,092
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 | €687,138 | €840,054 | +€152,917 | +22.3% |
| Fixed assets | 21/28 | €235,863 | €373,500 | +€137,637 | +58.4% |
| Tangible fixed assets | 22/27 | €228,863 | €369,000 | +€140,137 | +61.2% |
| Land and buildings | 22 | €75,834 | €56,690 | -€19,144 | -25.2% |
| Plant, machinery and equipment | 23 | €30,577 | €44,019 | +€13,441 | +44.0% |
| Furniture and vehicles | 24 | €90,578 | €238,374 | +€147,796 | +163% |
| Other tangible fixed assets | 26 | €31,873 | €29,917 | -€1,956 | -6.1% |
| Financial fixed assets | 28 | €7,000 | €4,500 | -€2,500 | -35.7% |
| Current assets | 29/58 | €451,275 | €466,555 | +€15,280 | +3.4% |
| Stocks and contracts in progress | 3 | €67,343 | €58,745 | -€8,598 | -12.8% |
| Stocks | 30/36 | €67,343 | €58,745 | -€8,598 | -12.8% |
| Amounts receivable within one year | 40/41 | €110,956 | €174,477 | +€63,521 | +57.2% |
| Trade receivables | 40 | €104,054 | €159,443 | +€55,389 | +53.2% |
| Other amounts receivable | 41 | €6,901 | €15,034 | +€8,132 | +118% |
| Cash at bank and in hand | 54/58 | €190,695 | €208,369 | +€17,674 | +9.3% |
| Deferred charges and accrued income | 490/1 | €82,281 | €24,964 | -€57,317 | -69.7% |
| Total equity and liabilities | 10/49 | €687,138 | €840,054 | +€152,917 | +22.3% |
| Equity | 10/15 | €496,100 | €458,048 | -€38,053 | -7.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €477,100 | €439,048 | -€38,053 | -8.0% |
| Tax-exempt reserves | 132 | €60,786 | €60,786 | = | 0.0% |
| Distributable reserves | 133 | €416,315 | €378,262 | -€38,053 | -9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,037 | €382,007 | +€190,969 | +100.0% |
| Amounts payable after more than one year | 17 | €51,395 | €116,944 | +€65,549 | +128% |
| Financial debts | 170/4 | €51,395 | €116,944 | +€65,549 | +128% |
| Amounts payable within one year | 42/48 | €134,531 | €259,971 | +€125,440 | +93.2% |
| Current portion of amounts payable after more than one year | 42 | €29,490 | €64,425 | +€34,935 | +118% |
| Trade debts | 44 | €16,563 | €55,795 | +€39,232 | +237% |
| Suppliers | 440/4 | €16,563 | €55,795 | +€39,232 | +237% |
| Taxes, remuneration and social security | 45 | €16,943 | €18,144 | +€1,201 | +7.1% |
| Taxes | 450/3 | €14,449 | €14,023 | -€427 | -3.0% |
| Remuneration and social security | 454/9 | €2,494 | €4,122 | +€1,628 | +65.3% |
| Other amounts payable | 47/48 | €71,535 | €121,607 | +€50,072 | +70.0% |
| Accrued charges and deferred income | 492/3 | €5,111 | €5,091 | -€20 | -0.4% |
| Non-recurring operating income | 76A | €69,181 | €1,500 | -€67,681 | -97.8% |
| Remuneration, social security and pensions | 62 | €75,537 | €82,092 | +€6,554 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,071 | €88,100 | +€23,029 | +35.4% |
| Other operating charges | 640/8 | €24,327 | €32,510 | +€8,183 | +33.6% |
| Gross operating margin | 9900 | €229,042 | €247,664 | +€18,623 | +8.1% |
| Operating profit (loss) | 9901 | €64,107 | €44,963 | -€19,144 | -29.9% |
| Financial income | 75/76B | €3,787 | €332 | -€3,456 | -91.2% |
| Recurring financial income | 75 | €3,787 | €332 | -€3,456 | -91.2% |
| Financial charges | 65/66B | €8,101 | €10,107 | +€2,006 | +24.8% |
| Recurring financial charges | 65 | €8,101 | €10,107 | +€2,006 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €59,793 | €35,187 | -€24,606 | -41.2% |
| Income taxes | 67/77 | €16,125 | €6,967 | -€9,158 | -56.8% |
| Profit (loss) for the period | 9904 | €43,668 | €28,220 | -€15,448 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,668 | €28,220 | -€15,448 | -35.4% |
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.