VEROTRANS: 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.
VEROTRANS
Largest movements
- Tangible fixed assets +€193,197
up €193,197 (+2,013%), from €9,599 to €202,796
of which Leasing and similar rights: +€190,715
- Receivables within one year -€9,072
down €9,072 (-17.9%), from €50,661 to €41,588
of which Trade receivables: -€5,180
- Cash +€8,250
up €8,250 (+4.9%), from €166,839 to €175,088
mainly Debts after one year (+€137,503) and Current portion of long-term debt (+€35,919)
- Debts after one year +€137,503
new in 2025: €137,503
- Reserves -€42,133
down €42,133 (-25.0%), from €168,829 to €126,696
of which Distributable reserves: -€40,273
- Current portion of long-term debt +€35,919
new in 2025: €35,919
- Tax, wage and social debts +€25,565
up €25,565 (+111%), from €23,021 to €48,586
of which Remuneration and social security: +€15,336
- Profit (loss) carried forward +€19,987
new in 2025: €19,987
- Depreciation +€31,341
up €31,341 (+905%), from €3,463 to €34,804
- Gross operating margin +€15,086
up €15,086 (+7.0%), from €215,137 to €230,223
- Financial charges +€11,218
up €11,218 (+645%), from €1,738 to €12,956
- Taxes -€8,490
down €8,490 (-86.1%), from €9,858 to €1,368
- Staff costs +€7,784
up €7,784 (+7.1%), from €109,261 to €117,045
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 | €227,098 | €419,472 | +€192,374 | +84.7% |
| Fixed assets | 21/28 | €9,599 | €202,796 | +€193,197 | +2,013% |
| Tangible fixed assets | 22/27 | €9,599 | €202,796 | +€193,197 | +2,013% |
| Plant, machinery and equipment | 23 | €9,599 | €4,399 | -€5,200 | -54.2% |
| Furniture and vehicles | 24 | - | €7,681 | +€7,681 | |
| Leasing and similar rights | 25 | - | €190,715 | +€190,715 | |
| Current assets | 29/58 | €217,499 | €216,676 | -€823 | -0.4% |
| Amounts receivable within one year | 40/41 | €50,661 | €41,588 | -€9,072 | -17.9% |
| Trade receivables | 40 | €43,136 | €37,956 | -€5,180 | -12.0% |
| Other amounts receivable | 41 | €7,525 | €3,632 | -€3,893 | -51.7% |
| Cash at bank and in hand | 54/58 | €166,839 | €175,088 | +€8,250 | +4.9% |
| Total equity and liabilities | 10/49 | €227,098 | €419,472 | +€192,374 | +84.7% |
| Equity | 10/15 | €187,429 | €165,283 | -€22,146 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,829 | €126,696 | -€42,133 | -25.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €166,969 | €126,696 | -€40,273 | -24.1% |
| Profit (loss) carried forward | 14 | - | €19,987 | +€19,987 | |
| Amounts payable | 17/49 | €39,669 | €254,189 | +€214,520 | +541% |
| Amounts payable after more than one year | 17 | - | €137,503 | +€137,503 | |
| Financial debts | 170/4 | - | €137,503 | +€137,503 | |
| Amounts payable within one year | 42/48 | €39,669 | €116,686 | +€77,017 | +194% |
| Current portion of amounts payable after more than one year | 42 | - | €35,919 | +€35,919 | |
| Trade debts | 44 | €14,547 | €31,238 | +€16,692 | +115% |
| Suppliers | 440/4 | €14,547 | €31,238 | +€16,692 | +115% |
| Taxes, remuneration and social security | 45 | €23,021 | €48,586 | +€25,565 | +111% |
| Taxes | 450/3 | €23,021 | €33,251 | +€10,229 | +44.4% |
| Remuneration and social security | 454/9 | - | €15,336 | +€15,336 | |
| Other amounts payable | 47/48 | €2,101 | €942 | -€1,159 | -55.2% |
| Remuneration, social security and pensions | 62 | €109,261 | €117,045 | +€7,784 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,463 | €34,804 | +€31,341 | +905% |
| Other operating charges | 640/8 | €42,679 | €45,426 | +€2,747 | +6.4% |
| Gross operating margin | 9900 | €215,137 | €230,223 | +€15,086 | +7.0% |
| Operating profit (loss) | 9901 | €59,734 | €32,948 | -€26,786 | -44.8% |
| Financial income | 75/76B | - | €1,363 | +€1,363 | |
| Recurring financial income | 75 | - | €1,363 | +€1,363 | |
| Financial charges | 65/66B | €1,738 | €12,956 | +€11,218 | +645% |
| Recurring financial charges | 65 | €1,738 | €12,956 | +€11,218 | +645% |
| Profit (loss) for the period before taxes | 9903 | €57,996 | €21,355 | -€36,641 | -63.2% |
| Income taxes | 67/77 | €9,858 | €1,368 | -€8,490 | -86.1% |
| Profit (loss) for the period | 9904 | €48,137 | €19,987 | -€28,150 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,137 | €19,987 | -€28,150 | -58.5% |
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 19 October 2026 via checked.be.