VIP Transports: what changed
What changed
VIP Transports
NACE 49.310, Scheduled passenger transport by road
filed annual accounts (NBB)
Net result for the year
-€15,433
2024 · €16,778-€32,210
Equity
€159,034
2024 · €174,467-€15,433
Cash
€99,658
2024 · €120,062-€20,404
Balance sheet total
€340,278
2024 · €375,510-€35,232
Largest movements
Assets
- Cash -€20,404
down €20,404 (-17.0%), from €120,062 to €99,658
mainly Investment in fixed assets (net) (-€44,477) and Debts after one year (-€24,787)
- Tangible fixed assets -€17,721
down €17,721 (-8.0%), from €221,153 to €203,432
Equity and liabilities
- Debts after one year -€24,787
down €24,787 (-21.1%), from €117,712 to €92,924
- Reserves -€15,433
down €15,433 (-9.0%), from €170,867 to €155,434
of which Tax-exempt reserves: -€10,317
- Other debts -€5,359
down €5,359 (-57.7%), from €9,296 to €3,937
- Trade debts +€4,540
up €4,540 (+32.1%), from €14,155 to €18,695
- Tax, wage and social debts +€3,990
up €3,990 (+25.1%), from €15,913 to €19,903
of which Taxes: +€4,203
Income statement
- Gross operating margin -€14,690
down €14,690 (-7.1%), from €206,638 to €191,948
- Staff costs +€10,536
up €10,536 (+9.2%), from €114,428 to €124,963
- Depreciation +€6,982
up €6,982 (+12.6%), from €55,216 to €62,198
- Taxes +€4,181
up €4,181 (+1,382%), from €302 to €4,484
- Other operating charges -€2,637
down €2,637 (-24.5%), from €10,781 to €8,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,778
Gross operating margin
-€14,690
Staff costs
-€10,536
Depreciation
-€6,982
Other operating charges
+€2,637
Other operating items
+€150
Financial income
+€134
Financial charges
+€1,258
Taxes
-€4,181
Result 2025
-€15,433
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,074
Investment
-€44,477
Financing
-€23,000
Cash 2024
€120,062
From operations (derived)
+€47,074
Net result for the year
-€15,433
Depreciation
+€62,198
Receivables after one year
+€1,522
Receivables within one year
-€1,631
Deferred charges and accrued income
-€2,784
Trade debts
+€4,540
Tax, wage and social debts
+€3,990
Advances received
-€255
Other debts
-€5,359
Accrued charges and deferred income
+€285
Investment (derived)
-€44,477
Investment in fixed assets (net)
-€44,477
Financing
-€23,000
Debts after one year
-€24,787
Current portion of long-term debt
+€1,787
Cash 2025
€99,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,510 | €340,278 | -€35,232 | -9.4% |
| Fixed assets | 21/28 | €225,193 | €207,472 | -€17,721 | -7.9% |
| Tangible fixed assets | 22/27 | €221,153 | €203,432 | -€17,721 | -8.0% |
| Land and buildings | 22 | €77,760 | €71,280 | -€6,480 | -8.3% |
| Plant, machinery and equipment | 23 | €8,834 | €5,995 | -€2,839 | -32.1% |
| Furniture and vehicles | 24 | €134,559 | €126,157 | -€8,403 | -6.2% |
| Financial fixed assets | 28 | €4,040 | €4,040 | = | 0.0% |
| Current assets | 29/58 | €150,317 | €132,807 | -€17,511 | -11.6% |
| Amounts receivable after more than one year | 29 | €1,522 | - | -€1,522 | |
| Trade receivables | 290 | €1,522 | - | -€1,522 | |
| Amounts receivable within one year | 40/41 | €24,974 | €26,605 | +€1,631 | +6.5% |
| Trade receivables | 40 | €23,961 | €26,187 | +€2,226 | +9.3% |
| Other amounts receivable | 41 | €1,014 | €418 | -€596 | -58.8% |
| Cash at bank and in hand | 54/58 | €120,062 | €99,658 | -€20,404 | -17.0% |
| Deferred charges and accrued income | 490/1 | €3,759 | €6,543 | +€2,784 | +74.1% |
| Total equity and liabilities | 10/49 | €375,510 | €340,278 | -€35,232 | -9.4% |
| Equity | 10/15 | €174,467 | €159,034 | -€15,433 | -8.8% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Contributions outside capital | 11 | €3,600 | €3,600 | = | 0.0% |
| Share premium | 1100/10 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €170,867 | €155,434 | -€15,433 | -9.0% |
| Tax-exempt reserves | 132 | €23,695 | €13,378 | -€10,317 | -43.5% |
| Distributable reserves | 133 | €147,171 | €142,055 | -€5,116 | -3.5% |
| Amounts payable | 17/49 | €201,044 | €181,245 | -€19,799 | -9.8% |
| Amounts payable after more than one year | 17 | €117,712 | €92,924 | -€24,787 | -21.1% |
| Financial debts | 170/4 | €117,712 | €92,924 | -€24,787 | -21.1% |
| Amounts payable within one year | 42/48 | €83,332 | €88,036 | +€4,703 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €43,714 | €45,501 | +€1,787 | +4.1% |
| Trade debts | 44 | €14,155 | €18,695 | +€4,540 | +32.1% |
| Suppliers | 440/4 | €14,155 | €18,695 | +€4,540 | +32.1% |
| Advances received on contracts in progress | 46 | €255 | - | -€255 | |
| Taxes, remuneration and social security | 45 | €15,913 | €19,903 | +€3,990 | +25.1% |
| Taxes | 450/3 | €2,151 | €6,354 | +€4,203 | +195% |
| Remuneration and social security | 454/9 | €13,762 | €13,549 | -€213 | -1.5% |
| Other amounts payable | 47/48 | €9,296 | €3,937 | -€5,359 | -57.7% |
| Accrued charges and deferred income | 492/3 | - | €285 | +€285 | |
| Non-recurring operating income | 76A | €31,708 | - | -€31,708 | |
| Remuneration, social security and pensions | 62 | €114,428 | €124,963 | +€10,536 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,216 | €62,198 | +€6,982 | +12.6% |
| Other operating charges | 640/8 | €10,781 | €8,145 | -€2,637 | -24.5% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €206,638 | €191,948 | -€14,690 | -7.1% |
| Operating profit (loss) | 9901 | €26,063 | -€3,358 | -€29,421 | |
| Financial income | 75/76B | €0 | €135 | +€134 | +89,627% |
| Recurring financial income | 75 | €0 | €135 | +€134 | +89,627% |
| Financial charges | 65/66B | €8,983 | €7,726 | -€1,258 | -14.0% |
| Recurring financial charges | 65 | €8,983 | €7,726 | -€1,258 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €17,080 | -€10,949 | -€28,029 | |
| Income taxes | 67/77 | €302 | €4,484 | +€4,181 | +1,382% |
| Profit (loss) for the period | 9904 | €16,778 | -€15,433 | -€32,210 | |
| Transfer from tax-exempt reserves | 789 | €19,731 | €10,317 | -€9,414 | -47.7% |
| Transfer to tax-exempt reserves | 689 | €21,364 | - | -€21,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,144 | -€5,116 | -€20,260 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.