VK & M TRANSPORT: what changed
VK & M TRANSPORT
Largest movements
- Receivables within one year +€25,799
up €25,799 (+154%), from €16,791 to €42,590
of which Trade receivables: +€26,672
- Cash +€24,259
new in 2025: €24,259
mainly Trade debts (+€27,460) and Depreciation (+€14,400)
- Tangible fixed assets -€14,400
down €14,400 (-25.2%), from €57,131 to €42,731
- Deferred charges and accrued income -€2,171
down €2,171 (-17.8%), from €12,177 to €10,007
- Trade debts +€27,460
up €27,460 (+120%), from €22,895 to €50,355
- Debts after one year -€14,754
down €14,754 (-46.8%), from €31,501 to €16,746
- Tax, wage and social debts +€13,209
up €13,209 (+504%), from €2,619 to €15,828
of which Taxes: +€13,209
- Reserves +€6,601
new in 2025: €6,601
- Profit (loss) carried forward +€6,437
up €6,437, from -€6,437 to €0
- Gross operating margin +€24,350
up €24,350 (+191%), from €12,779 to €37,129
- Taxes +€4,015
new in 2025: €4,015
- Other operating charges +€1,570
up €1,570 (+140%), from €1,120 to €2,689
- Depreciation -€469
down €469 (-3.2%), from €14,869 to €14,400
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,099 | €120,587 | +€33,488 | +38.4% |
| Fixed assets | 21/28 | €58,131 | €43,731 | -€14,400 | -24.8% |
| Tangible fixed assets | 22/27 | €57,131 | €42,731 | -€14,400 | -25.2% |
| Furniture and vehicles | 24 | €57,131 | €42,731 | -€14,400 | -25.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €28,968 | €76,856 | +€47,888 | +165% |
| Amounts receivable within one year | 40/41 | €16,791 | €42,590 | +€25,799 | +154% |
| Trade receivables | 40 | €15,544 | €42,217 | +€26,672 | +172% |
| Other amounts receivable | 41 | €1,246 | €373 | -€873 | -70.1% |
| Cash at bank and in hand | 54/58 | - | €24,259 | +€24,259 | |
| Deferred charges and accrued income | 490/1 | €12,177 | €10,007 | -€2,171 | -17.8% |
| Total equity and liabilities | 10/49 | €87,099 | €120,587 | +€33,488 | +38.4% |
| Equity | 10/15 | €8,563 | €21,601 | +€13,038 | +152% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €6,601 | +€6,601 | |
| Distributable reserves | 133 | - | €6,601 | +€6,601 | |
| Profit (loss) carried forward | 14 | -€6,437 | €0 | +€6,437 | |
| Amounts payable | 17/49 | €78,537 | €98,986 | +€20,450 | +26.0% |
| Amounts payable after more than one year | 17 | €31,501 | €16,746 | -€14,754 | -46.8% |
| Financial debts | 170/4 | €31,501 | €16,746 | -€14,754 | -46.8% |
| Amounts payable within one year | 42/48 | €47,036 | €82,240 | +€35,204 | +74.8% |
| Current portion of amounts payable after more than one year | 42 | €14,109 | €14,754 | +€645 | +4.6% |
| Financial debts | 43 | €5,703 | €0 | -€5,703 | -100% |
| Credit institutions | 430/8 | €5,703 | €0 | -€5,703 | -100% |
| Trade debts | 44 | €22,895 | €50,355 | +€27,460 | +120% |
| Suppliers | 440/4 | €22,895 | €50,355 | +€27,460 | +120% |
| Taxes, remuneration and social security | 45 | €2,619 | €15,828 | +€13,209 | +504% |
| Taxes | 450/3 | €3 | €13,211 | +€13,209 | +502,232% |
| Remuneration and social security | 454/9 | €2,617 | €2,617 | = | 0.0% |
| Other amounts payable | 47/48 | €1,709 | €1,302 | -€407 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,869 | €14,400 | -€469 | -3.2% |
| Other operating charges | 640/8 | €1,120 | €2,689 | +€1,570 | +140% |
| Gross operating margin | 9900 | €12,779 | €37,129 | +€24,350 | +191% |
| Operating profit (loss) | 9901 | -€3,210 | €20,039 | +€23,249 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,227 | €2,987 | -€241 | -7.5% |
| Recurring financial charges | 65 | €3,227 | €2,987 | -€241 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,437 | €17,053 | +€23,490 | |
| Income taxes | 67/77 | - | €4,015 | +€4,015 | |
| Profit (loss) for the period | 9904 | -€6,437 | €13,038 | +€19,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,437 | €13,038 | +€19,475 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.