VOTRANS: what changed
Two fiscal 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.
VOTRANS
Largest movements
- Receivables within one year -€58,482
down €58,482 (-27.2%), from €215,187 to €156,705
of which Trade receivables: -€62,545
- Cash +€24,016
up €24,016 (+301.2%), from €7,974 to €31,990
mainly Receivables within one year (+€58,482) and Tax, wage and social debts (+€25,171)
- Tangible fixed assets +€5,629
up €5,629 (+12.9%), from €43,798 to €49,427
of which Other tangible fixed assets: +€3,473
- Advances received -€38,298
no longer reported in 2025 (was €38,298)
- Tax, wage and social debts +€25,171
up €25,171 (+81.1%), from €31,025 to €56,196
of which Remuneration and social security: +€29,632
- Trade debts -€20,398
down €20,398 (-65.5%), from €31,126 to €10,728
- Profit (loss) carried forward +€4,689
up €4,689 (+8.7%), from €53,949 to €58,638
- Staff costs +€51,191
up €51,191 (+48.0%), from €106,723 to €157,914
- Other operating charges -€24,622
down €24,622 (-64.7%), from €38,055 to €13,433
- Gross operating margin +€16,155
up €16,155 (+8.6%), from €186,851 to €203,006
- Depreciation +€5,936
up €5,936 (+40.2%), from €14,770 to €20,707
- Taxes -€4,765
down €4,765 (-56.2%), from €8,474 to €3,710
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.
Cash bridge derived
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 | €267,833 | €238,997 | -€28,836 | -10.8% |
| Fixed assets | 21/28 | €44,672 | €50,301 | +€5,629 | +12.6% |
| Tangible fixed assets | 22/27 | €43,798 | €49,427 | +€5,629 | +12.9% |
| Plant, machinery and equipment | 23 | €1,512 | €4,100 | +€2,588 | +171.2% |
| Furniture and vehicles | 24 | €42,286 | €41,855 | -€431 | -1.0% |
| Other tangible fixed assets | 26 | - | €3,473 | +€3,473 | |
| Financial fixed assets | 28 | €874 | €874 | = | 0.0% |
| Current assets | 29/58 | €223,161 | €188,696 | -€34,465 | -15.4% |
| Amounts receivable within one year | 40/41 | €215,187 | €156,705 | -€58,482 | -27.2% |
| Trade receivables | 40 | €130,102 | €67,557 | -€62,545 | -48.1% |
| Other amounts receivable | 41 | €85,085 | €89,148 | +€4,063 | +4.8% |
| Cash at bank and in hand | 54/58 | €7,974 | €31,990 | +€24,016 | +301.2% |
| Total equity and liabilities | 10/49 | €267,833 | €238,997 | -€28,836 | -10.8% |
| Equity | 10/15 | €167,384 | €172,073 | +€4,689 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,834 | €94,834 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,974 | €92,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,949 | €58,638 | +€4,689 | +8.7% |
| Amounts payable | 17/49 | €100,449 | €66,924 | -€33,525 | -33.4% |
| Amounts payable within one year | 42/48 | €100,449 | €66,924 | -€33,525 | -33.4% |
| Trade debts | 44 | €31,126 | €10,728 | -€20,398 | -65.5% |
| Suppliers | 440/4 | €31,126 | €10,728 | -€20,398 | -65.5% |
| Advances received on contracts in progress | 46 | €38,298 | - | -€38,298 | |
| Taxes, remuneration and social security | 45 | €31,025 | €56,196 | +€25,171 | +81.1% |
| Taxes | 450/3 | €24,731 | €20,270 | -€4,461 | -18.0% |
| Remuneration and social security | 454/9 | €6,294 | €35,926 | +€29,632 | +470.8% |
| Remuneration, social security and pensions | 62 | €106,723 | €157,914 | +€51,191 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,770 | €20,707 | +€5,936 | +40.2% |
| Other operating charges | 640/8 | €38,055 | €13,433 | -€24,622 | -64.7% |
| Gross operating margin | 9900 | €186,851 | €203,006 | +€16,155 | +8.6% |
| Operating profit (loss) | 9901 | €27,302 | €10,952 | -€16,350 | -59.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,305 | €2,553 | +€249 | +10.8% |
| Recurring financial charges | 65 | €2,305 | €2,553 | +€249 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €24,997 | €8,399 | -€16,598 | -66.4% |
| Income taxes | 67/77 | €8,474 | €3,710 | -€4,765 | -56.2% |
| Profit (loss) for the period | 9904 | €16,522 | €4,689 | -€11,833 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,522 | €4,689 | -€11,833 | -71.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.