Vescotrans: what changed
Two fiscal 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.
Vescotrans
Largest movements
- Tangible fixed assets -€64,004
down €64,004 (-38.6%), from €165,808 to €101,804
of which Leasing and similar rights: -€57,231
- Cash +€33,008
up €33,008 (+2432.6%), from €1,357 to €34,365
mainly Depreciation (+€65,293) and Current portion of long-term debt (+€42,625)
- Deferred charges and accrued income -€17,754
down €17,754 (-78.5%), from €22,617 to €4,862
- Receivables within one year -€13,873
down €13,873 (-18.6%), from €74,424 to €60,551
of which Trade receivables: -€21,267
- Profit (loss) carried forward -€65,717
down €65,717, from €22,935 to -€42,783
- Debts after one year -€55,756
down €55,756 (-50.6%), from €110,171 to €54,415
- Current portion of long-term debt +€42,625
up €42,625 (+52.0%), from €81,895 to €124,520
- Tax, wage and social debts +€31,342
up €31,342 (+572.0%), from €5,479 to €36,822
of which Remuneration and social security: +€17,693
- Trade debts -€9,869
down €9,869 (-35.9%), from €27,527 to €17,658
- Gross operating margin -€31,963
down €31,963 (-19.8%), from €161,359 to €129,396
- Staff costs +€15,155
up €15,155 (+15.5%), from €98,083 to €113,238
- Financial charges +€1,966
up €1,966 (+16.1%), from €12,194 to €14,160
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.
Cash bridge derived
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 | €264,255 | €201,632 | -€62,623 | -23.7% |
| Fixed assets | 21/28 | €165,858 | €101,854 | -€64,004 | -38.6% |
| Tangible fixed assets | 22/27 | €165,808 | €101,804 | -€64,004 | -38.6% |
| Plant, machinery and equipment | 23 | - | €1,127 | +€1,127 | |
| Furniture and vehicles | 24 | €30,499 | €22,599 | -€7,900 | -25.9% |
| Leasing and similar rights | 25 | €135,309 | €78,078 | -€57,231 | -42.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €98,397 | €99,778 | +€1,381 | +1.4% |
| Amounts receivable within one year | 40/41 | €74,424 | €60,551 | -€13,873 | -18.6% |
| Trade receivables | 40 | €74,406 | €53,139 | -€21,267 | -28.6% |
| Other amounts receivable | 41 | €18 | €7,412 | +€7,394 | +40469.8% |
| Cash at bank and in hand | 54/58 | €1,357 | €34,365 | +€33,008 | +2432.6% |
| Deferred charges and accrued income | 490/1 | €22,617 | €4,862 | -€17,754 | -78.5% |
| Total equity and liabilities | 10/49 | €264,255 | €201,632 | -€62,623 | -23.7% |
| Equity | 10/15 | €33,935 | -€31,783 | -€65,717 | |
| Contributions | 10/11 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Reserves | 13 | €1,000 | - | -€1,000 | |
| Non-distributable reserves | 130/1 | €1,000 | - | -€1,000 | |
| Reserves not available under the articles | 1311 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €22,935 | -€42,783 | -€65,717 | |
| Amounts payable | 17/49 | €230,320 | €233,415 | +€3,095 | +1.3% |
| Amounts payable after more than one year | 17 | €110,171 | €54,415 | -€55,756 | -50.6% |
| Financial debts | 170/4 | €110,171 | €54,415 | -€55,756 | -50.6% |
| Amounts payable within one year | 42/48 | €120,149 | €179,000 | +€58,851 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €81,895 | €124,520 | +€42,625 | +52.0% |
| Financial debts | 43 | €5,248 | €0 | -€5,248 | -100.0% |
| Credit institutions | 430/8 | €5,248 | €0 | -€5,248 | -100.0% |
| Trade debts | 44 | €27,527 | €17,658 | -€9,869 | -35.9% |
| Suppliers | 440/4 | €27,527 | €17,658 | -€9,869 | -35.9% |
| Taxes, remuneration and social security | 45 | €5,479 | €36,822 | +€31,342 | +572.0% |
| Taxes | 450/3 | €5,479 | €19,128 | +€13,649 | +249.1% |
| Remuneration and social security | 454/9 | - | €17,693 | +€17,693 | |
| Remuneration, social security and pensions | 62 | €98,083 | €113,238 | +€15,155 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,131 | €65,293 | +€162 | +0.2% |
| Other operating charges | 640/8 | €2,419 | €2,467 | +€48 | +2.0% |
| Gross operating margin | 9900 | €161,359 | €129,396 | -€31,963 | -19.8% |
| Operating profit (loss) | 9901 | -€4,275 | -€51,602 | -€47,328 | -1107.1% |
| Financial income | 75/76B | €395 | €45 | -€350 | -88.6% |
| Recurring financial income | 75 | €395 | €45 | -€350 | -88.6% |
| Financial charges | 65/66B | €12,194 | €14,160 | +€1,966 | +16.1% |
| Recurring financial charges | 65 | €12,194 | €14,160 | +€1,966 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,074 | -€65,717 | -€49,643 | -308.8% |
| Profit (loss) for the period | 9904 | -€16,074 | -€65,717 | -€49,643 | -308.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,074 | -€65,717 | -€49,643 | -308.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.