Volksverheffing: what changed
What changed
Volksverheffing
NACE 52.210, Service activities incidental to land transportation
filed annual accounts (NBB)
Net result for the year
€88,448
2024 · -€64,658+€153,106
Equity
€2.0m
2024 · €2.0m+€88,448
Cash
€235,607
2024 · €304,422-€68,815
Balance sheet total
€2.4m
2024 · €2.5m-€85,371
Largest movements
Assets
- Cash -€68,815
down €68,815 (-22.6%), from €304,422 to €235,607
mainly Investment in fixed assets (net) (-€129,472) and Debts after one year (-€96,287)
- Tangible fixed assets -€35,091
down €35,091 (-1.6%), from €2.2m to €2.1m
of which Land and buildings: -€97,823
Equity and liabilities
- Debts after one year -€96,287
down €96,287 (-33.3%), from €288,860 to €192,573
- Profit (loss) carried forward +€88,448
up €88,448 (+38.5%), from €229,896 to €318,345
- Trade debts -€69,121
down €69,121 (-43.6%), from €158,703 to €89,582
Income statement
- Turnover +€527,655
new in 2025: €527,655
- Purchases and services +€322,575
new in 2025: €322,575
- Taxes -€126,427
down €126,427 (-77.9%), from €162,377 to €35,950
- Financial income +€90,304
up €90,304 (+730%), from €12,368 to €102,673
of which Non-recurring financial income: +€90,930
- Gross operating margin -€56,290
down €56,290 (-21.1%), from €267,334 to €211,044
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
-€64,658
Gross operating margin
-€56,290
Staff costs
+€829
Depreciation
-€9,540
Other operating charges
-€222
Other operating items
+€2,045
Financial income
+€90,304
Financial charges
-€446
Taxes
+€126,427
Result 2025
€88,448
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
+€156,943
Investment
-€129,472
Financing
-€96,287
Cash 2024
€304,422
From operations (derived)
+€156,943
Net result for the year
+€88,448
Depreciation
+€164,563
Receivables within one year
-€12,459
Deferred charges and accrued income
-€6,077
Trade debts
-€69,121
Tax, wage and social debts
-€7,067
Accrued charges and deferred income
-€1,344
Investment (derived)
-€129,472
Investment in fixed assets (net)
-€129,472
Financing
-€96,287
Debts after one year
-€96,287
Cash 2025
€235,607
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,515,627 | €2,430,256 | -€85,371 | -3.4% |
| Fixed assets | 21/28 | €2,152,618 | €2,117,527 | -€35,091 | -1.6% |
| Tangible fixed assets | 22/27 | €2,152,518 | €2,117,427 | -€35,091 | -1.6% |
| Land and buildings | 22 | €2,021,417 | €1,923,594 | -€97,823 | -4.8% |
| Plant, machinery and equipment | 23 | €54,828 | €49,413 | -€5,415 | -9.9% |
| Other tangible fixed assets | 26 | €1,432 | €1,208 | -€224 | -15.6% |
| Assets under construction and advance payments | 27 | €74,840 | €143,212 | +€68,371 | +91.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €363,008 | €312,729 | -€50,280 | -13.9% |
| Amounts receivable within one year | 40/41 | €54,308 | €66,766 | +€12,459 | +22.9% |
| Trade receivables | 40 | €42,530 | €55,881 | +€13,352 | +31.4% |
| Other amounts receivable | 41 | €11,778 | €10,885 | -€893 | -7.6% |
| Cash at bank and in hand | 54/58 | €304,422 | €235,607 | -€68,815 | -22.6% |
| Deferred charges and accrued income | 490/1 | €4,279 | €10,355 | +€6,077 | +142% |
| Total equity and liabilities | 10/49 | €2,515,627 | €2,430,256 | -€85,371 | -3.4% |
| Equity | 10/15 | €1,960,042 | €2,048,490 | +€88,448 | +4.5% |
| Contributions | 10/11 | €1,730,145 | €1,730,145 | = | 0.0% |
| Capital | 10 | €1,730,145 | €1,730,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,896 | €318,345 | +€88,448 | +38.5% |
| Amounts payable | 17/49 | €555,585 | €381,766 | -€173,819 | -31.3% |
| Amounts payable after more than one year | 17 | €288,860 | €192,573 | -€96,287 | -33.3% |
| Financial debts | 170/4 | €288,860 | €192,573 | -€96,287 | -33.3% |
| Amounts payable within one year | 42/48 | €264,716 | €188,528 | -€76,188 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €96,287 | €96,287 | = | 0.0% |
| Trade debts | 44 | €158,703 | €89,582 | -€69,121 | -43.6% |
| Suppliers | 440/4 | €158,703 | €89,582 | -€69,121 | -43.6% |
| Taxes, remuneration and social security | 45 | €9,676 | €2,610 | -€7,067 | -73.0% |
| Taxes | 450/3 | €7,061 | - | -€7,061 | |
| Remuneration and social security | 454/9 | €2,615 | €2,610 | -€6 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,009 | €664 | -€1,344 | -66.9% |
| Turnover | 70 | - | €527,655 | +€527,655 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €322,575 | +€322,575 | |
| Remuneration, social security and pensions | 62 | €19,463 | €18,635 | -€829 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,023 | €164,563 | +€9,540 | +6.2% |
| Other operating charges | 640/8 | €6 | €228 | +€222 | +3,990% |
| Non-recurring operating charges | 66A | €2,556 | €511 | -€2,045 | -80.0% |
| Gross operating margin | 9900 | €267,334 | €211,044 | -€56,290 | -21.1% |
| Operating profit (loss) | 9901 | €90,286 | €27,107 | -€63,179 | -70.0% |
| Financial income | 75/76B | €12,368 | €102,673 | +€90,304 | +730% |
| Recurring financial income | 75 | €12,368 | €11,742 | -€626 | -5.1% |
| Non-recurring financial income | 76B | - | €90,930 | +€90,930 | |
| Financial charges | 65/66B | €4,936 | €5,382 | +€446 | +9.0% |
| Recurring financial charges | 65 | €4,936 | €5,382 | +€446 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €97,718 | €124,398 | +€26,679 | +27.3% |
| Income taxes | 67/77 | €162,377 | €35,950 | -€126,427 | -77.9% |
| Profit (loss) for the period | 9904 | -€64,658 | €88,448 | +€153,106 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,658 | €88,448 | +€153,106 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.