VETRADIS: 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.
What changed
VETRADIS
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,240
2024 · €95,384-€29,144
Equity
€326,224
2024 · €259,984+€66,240
Cash
€64,461
2024 · €60,612+€3,848
Balance sheet total
€1.4m
2024 · €1.3m+€152,352
Largest movements
Assets
- Tangible fixed assets +€162,156
up €162,156 (+14.8%), from €1.1m to €1.3m
Equity and liabilities
- Other debts +€91,852
up €91,852 (+113%), from €81,187 to €173,039
- Reserves +€66,240
up €66,240 (+26.8%), from €247,584 to €313,824
- Debts after one year -€22,399
down €22,399 (-3.0%), from €756,637 to €734,238
Income statement
- Gross operating margin -€98,871
down €98,871 (-17.8%), from €556,263 to €457,392
- Staff costs -€73,055
down €73,055 (-27.0%), from €270,889 to €197,833
- Taxes -€8,770
down €8,770 (-43.1%), from €20,369 to €11,599
- Financial charges +€7,568
up €7,568 (+26.7%), from €28,374 to €35,941
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.
Result 2024
€95,384
Gross operating margin
-€98,871
Staff costs
+€73,055
Depreciation
-€507
Other operating charges
-€4,327
Financial income
+€303
Financial charges
-€7,568
Taxes
+€8,770
Result 2025
€66,240
raises the resultlowers the result
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.
From operations
+€311,967
Investment
-€294,649
Financing
-€13,470
Cash 2024
€60,612
From operations (derived)
+€311,967
Net result for the year
+€66,240
Depreciation
+€132,358
Receivables within one year
+€12,512
Deferred charges and accrued income
+€1,276
Trade debts
+€2,472
Tax, wage and social debts
+€2,630
Other debts
+€91,852
Accrued charges and deferred income
+€2,628
Investment (derived)
-€294,649
Investment in fixed assets (net)
-€294,649
Financing
-€13,470
Debts after one year
-€22,399
Current portion of long-term debt
+€8,929
Cash 2025
€64,461
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,270,479 | €1,422,831 | +€152,352 | +12.0% |
| Fixed assets | 21/28 | €1,094,958 | €1,257,249 | +€162,291 | +14.8% |
| Tangible fixed assets | 22/27 | €1,094,518 | €1,256,674 | +€162,156 | +14.8% |
| Land and buildings | 22 | €912,784 | €899,164 | -€13,620 | -1.5% |
| Plant, machinery and equipment | 23 | €37,389 | €102,366 | +€64,977 | +174% |
| Furniture and vehicles | 24 | €144,345 | €203,980 | +€59,635 | +41.3% |
| Leasing and similar rights | 25 | - | €51,165 | +€51,165 | |
| Financial fixed assets | 28 | €440 | €575 | +€135 | +30.7% |
| Current assets | 29/58 | €175,522 | €165,582 | -€9,939 | -5.7% |
| Amounts receivable within one year | 40/41 | €107,951 | €95,439 | -€12,512 | -11.6% |
| Trade receivables | 40 | €107,929 | €95,417 | -€12,512 | -11.6% |
| Other amounts receivable | 41 | €22 | €22 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,612 | €64,461 | +€3,848 | +6.3% |
| Deferred charges and accrued income | 490/1 | €6,958 | €5,683 | -€1,276 | -18.3% |
| Total equity and liabilities | 10/49 | €1,270,479 | €1,422,831 | +€152,352 | +12.0% |
| Equity | 10/15 | €259,984 | €326,224 | +€66,240 | +25.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,584 | €313,824 | +€66,240 | +26.8% |
| Distributable reserves | 133 | €247,584 | €313,824 | +€66,240 | +26.8% |
| Amounts payable | 17/49 | €1,010,495 | €1,096,608 | +€86,112 | +8.5% |
| Amounts payable after more than one year | 17 | €756,637 | €734,238 | -€22,399 | -3.0% |
| Financial debts | 170/4 | €756,637 | €734,238 | -€22,399 | -3.0% |
| Amounts payable within one year | 42/48 | €248,307 | €354,190 | +€105,883 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €65,008 | €73,937 | +€8,929 | +13.7% |
| Trade debts | 44 | €40,799 | €43,271 | +€2,472 | +6.1% |
| Suppliers | 440/4 | €40,799 | €43,271 | +€2,472 | +6.1% |
| Taxes, remuneration and social security | 45 | €61,313 | €63,943 | +€2,630 | +4.3% |
| Taxes | 450/3 | €31,593 | €39,464 | +€7,871 | +24.9% |
| Remuneration and social security | 454/9 | €29,720 | €24,479 | -€5,242 | -17.6% |
| Other amounts payable | 47/48 | €81,187 | €173,039 | +€91,852 | +113% |
| Accrued charges and deferred income | 492/3 | €5,551 | €8,180 | +€2,628 | +47.3% |
| Non-recurring operating income | 76A | €29,779 | €42,291 | +€12,512 | +42.0% |
| Remuneration, social security and pensions | 62 | €270,889 | €197,833 | -€73,055 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,851 | €132,358 | +€507 | +0.4% |
| Other operating charges | 640/8 | €9,397 | €13,724 | +€4,327 | +46.0% |
| Gross operating margin | 9900 | €556,263 | €457,392 | -€98,871 | -17.8% |
| Operating profit (loss) | 9901 | €144,126 | €113,477 | -€30,649 | -21.3% |
| Financial income | 75/76B | €0 | €303 | +€303 | +159,495% |
| Recurring financial income | 75 | €0 | €303 | +€303 | +159,495% |
| Financial charges | 65/66B | €28,374 | €35,941 | +€7,568 | +26.7% |
| Recurring financial charges | 65 | €28,374 | €35,941 | +€7,568 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €115,753 | €77,839 | -€37,914 | -32.8% |
| Income taxes | 67/77 | €20,369 | €11,599 | -€8,770 | -43.1% |
| Profit (loss) for the period | 9904 | €95,384 | €66,240 | -€29,144 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,384 | €66,240 | -€29,144 | -30.6% |
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 20 October 2026 via checked.be.