VERLOTRANS: 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.
VERLOTRANS
Largest movements
- Tangible fixed assets -€30,556
down €30,556 (-27.8%), from €109,804 to €79,248
of which Furniture and vehicles: -€28,861
- Receivables within one year -€8,148
down €8,148 (-20.2%), from €40,353 to €32,205
of which Other amounts receivable: -€7,951
- Trade debts -€37,262
down €37,262 (-86.3%), from €43,171 to €5,910
- Reserves +€20,220
up €20,220 (+15.1%), from €133,622 to €153,841
of which Distributable reserves: +€20,220
- Debts after one year -€14,389
down €14,389 (-34.5%), from €41,649 to €27,260
- Current portion of long-term debt -€5,189
down €5,189 (-26.5%), from €19,578 to €14,389
- Profit (loss) carried forward -€2,716
no longer reported in 2025 (was €2,716)
- Depreciation +€17,552
up €17,552 (+135%), from €13,004 to €30,556
- Financial income -€16,872
down €16,872 (-97.7%), from €17,268 to €396
of which Non-recurring financial income: -€17,000
- Gross operating margin +€7,582
up €7,582 (+16.1%), from €47,088 to €54,670
- Taxes -€6,394
down €6,394 (-58.1%), from €11,006 to €4,613
- Financial charges +€1,893
up €1,893 (+505%), from €375 to €2,268
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 | €265,364 | €227,504 | -€37,860 | -14.3% |
| Fixed assets | 21/28 | €118,939 | €88,383 | -€30,556 | -25.7% |
| Tangible fixed assets | 22/27 | €109,804 | €79,248 | -€30,556 | -27.8% |
| Furniture and vehicles | 24 | €102,958 | €74,097 | -€28,861 | -28.0% |
| Other tangible fixed assets | 26 | €6,847 | €5,152 | -€1,695 | -24.8% |
| Financial fixed assets | 28 | €9,135 | €9,135 | = | 0.0% |
| Current assets | 29/58 | €146,425 | €139,121 | -€7,304 | -5.0% |
| Amounts receivable within one year | 40/41 | €40,353 | €32,205 | -€8,148 | -20.2% |
| Trade receivables | 40 | €31,896 | €31,699 | -€196 | -0.6% |
| Other amounts receivable | 41 | €8,457 | €506 | -€7,951 | -94.0% |
| Cash at bank and in hand | 54/58 | €103,968 | €103,832 | -€136 | -0.1% |
| Deferred charges and accrued income | 490/1 | €2,104 | €3,084 | +€980 | +46.6% |
| Total equity and liabilities | 10/49 | €265,364 | €227,504 | -€37,860 | -14.3% |
| Equity | 10/15 | €156,337 | €173,841 | +€17,504 | +11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €133,622 | €153,841 | +€20,220 | +15.1% |
| Tax-exempt reserves | 132 | €44,149 | €44,149 | = | 0.0% |
| Distributable reserves | 133 | €89,473 | €109,693 | +€20,220 | +22.6% |
| Profit (loss) carried forward | 14 | €2,716 | - | -€2,716 | |
| Amounts payable | 17/49 | €109,026 | €53,663 | -€55,363 | -50.8% |
| Amounts payable after more than one year | 17 | €41,649 | €27,260 | -€14,389 | -34.5% |
| Financial debts | 170/4 | €41,649 | €27,260 | -€14,389 | -34.5% |
| Amounts payable within one year | 42/48 | €67,377 | €26,403 | -€40,974 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €19,578 | €14,389 | -€5,189 | -26.5% |
| Trade debts | 44 | €43,171 | €5,910 | -€37,262 | -86.3% |
| Suppliers | 440/4 | €43,171 | €5,910 | -€37,262 | -86.3% |
| Taxes, remuneration and social security | 45 | €1,078 | €1,960 | +€882 | +81.8% |
| Taxes | 450/3 | €1,078 | €1,960 | +€882 | +81.8% |
| Other amounts payable | 47/48 | €3,549 | €4,144 | +€595 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,004 | €30,556 | +€17,552 | +135% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €47,088 | €54,670 | +€7,582 | +16.1% |
| Operating profit (loss) | 9901 | €33,969 | €23,988 | -€9,981 | -29.4% |
| Financial income | 75/76B | €17,268 | €396 | -€16,872 | -97.7% |
| Recurring financial income | 75 | €268 | €396 | +€128 | +47.8% |
| Non-recurring financial income | 76B | €17,000 | - | -€17,000 | |
| Financial charges | 65/66B | €375 | €2,268 | +€1,893 | +505% |
| Recurring financial charges | 65 | €375 | €2,268 | +€1,893 | +505% |
| Profit (loss) for the period before taxes | 9903 | €50,862 | €22,117 | -€28,746 | -56.5% |
| Income taxes | 67/77 | €11,006 | €4,613 | -€6,394 | -58.1% |
| Profit (loss) for the period | 9904 | €39,856 | €17,504 | -€22,352 | -56.1% |
| Transfer to tax-exempt reserves | 689 | €17,000 | - | -€17,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,856 | €17,504 | -€5,352 | -23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.