VK-TRAILERS: 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.
VK-TRAILERS
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€32,542
up €32,542 (+16.5%), from €197,070 to €229,611
mainly Receivables after one year (+€60,000) and Net result for the year (+€57,351)
- Reserves -€20,649
down €20,649 (-5.8%), from €357,961 to €337,311
- Debts after one year -€19,194
down €19,194 (-8.4%), from €227,156 to €207,962
- Trade debts +€17,159
up €17,159 (+1,158%), from €1,481 to €18,641
- Tax, wage and social debts -€16,722
down €16,722 (-43.1%), from €38,838 to €22,115
of which Taxes: -€16,722
- Gross operating margin -€43,471
down €43,471 (-27.5%), from €158,334 to €114,862
- Taxes -€14,006
down €14,006 (-29.6%), from €47,296 to €33,290
- Depreciation +€1,652
up €1,652 (+9.8%), from €16,902 to €18,555
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
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 | €662,984 | €624,169 | -€38,815 | -5.9% |
| Fixed assets | 21/28 | €375,222 | €369,956 | -€5,266 | -1.4% |
| Tangible fixed assets | 22/27 | €375,222 | €369,956 | -€5,266 | -1.4% |
| Land and buildings | 22 | €365,628 | €354,887 | -€10,741 | -2.9% |
| Furniture and vehicles | 24 | €9,595 | €15,069 | +€5,475 | +57.1% |
| Current assets | 29/58 | €287,762 | €254,213 | -€33,548 | -11.7% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €28,202 | €21,807 | -€6,395 | -22.7% |
| Trade receivables | 40 | €17,240 | €19,505 | +€2,265 | +13.1% |
| Other amounts receivable | 41 | €10,962 | €2,302 | -€8,660 | -79.0% |
| Cash at bank and in hand | 54/58 | €197,070 | €229,611 | +€32,542 | +16.5% |
| Deferred charges and accrued income | 490/1 | €2,490 | €2,795 | +€305 | +12.2% |
| Total equity and liabilities | 10/49 | €662,984 | €624,169 | -€38,815 | -5.9% |
| Equity | 10/15 | €376,561 | €355,911 | -€20,649 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,961 | €337,311 | -€20,649 | -5.8% |
| Distributable reserves | 133 | €357,961 | €337,311 | -€20,649 | -5.8% |
| Amounts payable | 17/49 | €286,423 | €268,258 | -€18,165 | -6.3% |
| Amounts payable after more than one year | 17 | €227,156 | €207,962 | -€19,194 | -8.4% |
| Financial debts | 170/4 | €227,156 | €207,962 | -€19,194 | -8.4% |
| Amounts payable within one year | 42/48 | €59,267 | €59,950 | +€682 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €18,948 | €19,194 | +€245 | +1.3% |
| Trade debts | 44 | €1,481 | €18,641 | +€17,159 | +1,158% |
| Suppliers | 440/4 | €1,481 | €18,641 | +€17,159 | +1,158% |
| Taxes, remuneration and social security | 45 | €38,838 | €22,115 | -€16,722 | -43.1% |
| Taxes | 450/3 | €35,838 | €19,115 | -€16,722 | -46.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €346 | +€346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,902 | €18,555 | +€1,652 | +9.8% |
| Other operating charges | 640/8 | €1,948 | €1,897 | -€52 | -2.6% |
| Gross operating margin | 9900 | €158,334 | €114,862 | -€43,471 | -27.5% |
| Operating profit (loss) | 9901 | €139,483 | €94,411 | -€45,072 | -32.3% |
| Financial income | 75/76B | €2,504 | €2,027 | -€477 | -19.0% |
| Recurring financial income | 75 | €2,504 | €2,027 | -€477 | -19.0% |
| Financial charges | 65/66B | €4,398 | €5,798 | +€1,399 | +31.8% |
| Recurring financial charges | 65 | €4,398 | €5,798 | +€1,399 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €137,589 | €90,640 | -€46,948 | -34.1% |
| Income taxes | 67/77 | €47,296 | €33,290 | -€14,006 | -29.6% |
| Profit (loss) for the period | 9904 | €90,293 | €57,351 | -€32,942 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,293 | €57,351 | -€32,942 | -36.5% |
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 14 October 2026 via checked.be.