Vervoer Markatrans: 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.
Vervoer Markatrans
Largest movements
- Receivables within one year +€148,392
up €148,392 (+41.6%), from €356,390 to €504,782
of which Other amounts receivable: +€166,334
- Tangible fixed assets -€100,081
no longer reported in 2025 (was €100,081)
- Reserves +€100,872
up €100,872 (+48.1%), from €209,650 to €310,522
of which Distributable reserves: +€147,456
- Trade debts -€64,046
down €64,046 (-95.4%), from €67,106 to €3,060
- Debts after one year -€45,259
no longer reported in 2025 (was €45,259)
- Current portion of long-term debt +€33,141
up €33,141 (+70.8%), from €46,815 to €79,956
- Tax, wage and social debts +€20,764
up €20,764 (+61.5%), from €33,774 to €54,538
of which Taxes: +€50,200
- Staff costs -€136,384
down €136,384, from €129,894 to -€6,490
- Taxes +€52,933
up €52,933 (+6,596%), from €803 to €53,736
- Depreciation -€44,988
no longer reported in 2025 (was €44,988)
- Gross operating margin -€22,170
down €22,170 (-12.2%), from €181,555 to €159,385
- Financial charges +€6,392
up €6,392 (+136%), from €4,702 to €11,095
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,503 | €504,782 | +€47,279 | +10.3% |
| Fixed assets | 21/28 | €101,113 | - | -€101,113 | |
| Tangible fixed assets | 22/27 | €100,081 | - | -€100,081 | |
| Leasing and similar rights | 25 | €100,081 | - | -€100,081 | |
| Financial fixed assets | 28 | €1,032 | - | -€1,032 | |
| Current assets | 29/58 | €356,390 | €504,782 | +€148,392 | +41.6% |
| Amounts receivable within one year | 40/41 | €356,390 | €504,782 | +€148,392 | +41.6% |
| Trade receivables | 40 | €281,619 | €263,677 | -€17,942 | -6.4% |
| Other amounts receivable | 41 | €74,771 | €241,105 | +€166,334 | +222% |
| Total equity and liabilities | 10/49 | €457,503 | €504,782 | +€47,279 | +10.3% |
| Equity | 10/15 | €240,650 | €341,522 | +€100,872 | +41.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €209,650 | €310,522 | +€100,872 | +48.1% |
| Tax-exempt reserves | 132 | €46,584 | - | -€46,584 | |
| Distributable reserves | 133 | €163,066 | €310,522 | +€147,456 | +90.4% |
| Amounts payable | 17/49 | €216,853 | €163,260 | -€53,594 | -24.7% |
| Amounts payable after more than one year | 17 | €45,259 | - | -€45,259 | |
| Financial debts | 170/4 | €45,259 | - | -€45,259 | |
| Amounts payable within one year | 42/48 | €171,595 | €163,260 | -€8,335 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €46,815 | €79,956 | +€33,141 | +70.8% |
| Financial debts | 43 | €15,118 | €25,705 | +€10,587 | +70.0% |
| Credit institutions | 430/8 | €15,118 | €25,705 | +€10,587 | +70.0% |
| Trade debts | 44 | €67,106 | €3,060 | -€64,046 | -95.4% |
| Suppliers | 440/4 | €67,106 | €3,060 | -€64,046 | -95.4% |
| Taxes, remuneration and social security | 45 | €33,774 | €54,538 | +€20,764 | +61.5% |
| Taxes | 450/3 | €4,338 | €54,538 | +€50,200 | +1,157% |
| Remuneration and social security | 454/9 | €29,436 | - | -€29,436 | |
| Other amounts payable | 47/48 | €8,781 | - | -€8,781 | |
| Remuneration, social security and pensions | 62 | €129,894 | -€6,490 | -€136,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,988 | - | -€44,988 | |
| Other operating charges | 640/8 | - | €173 | +€173 | |
| Gross operating margin | 9900 | €181,555 | €159,385 | -€22,170 | -12.2% |
| Operating profit (loss) | 9901 | €6,673 | €165,703 | +€159,030 | +2,383% |
| Financial charges | 65/66B | €4,702 | €11,095 | +€6,392 | +136% |
| Recurring financial charges | 65 | €4,702 | €11,095 | +€6,392 | +136% |
| Profit (loss) for the period before taxes | 9903 | €1,971 | €154,608 | +€152,637 | +7,744% |
| Income taxes | 67/77 | €803 | €53,736 | +€52,933 | +6,596% |
| Profit (loss) for the period | 9904 | €1,168 | €100,872 | +€99,704 | +8,533% |
| Transfer from tax-exempt reserves | 789 | - | €46,584 | +€46,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,168 | €147,456 | +€146,288 | +12,520% |
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 28 October 2026 via checked.be.