VROLIJKTRANS: 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.
VROLIJKTRANS
Largest movements
- Cash +€165,480
up €165,480 (+217%), from €76,401 to €241,881
mainly Net result for the year (+€157,701) and Depreciation (+€107,430)
- Receivables within one year -€75,455
down €75,455 (-24.5%), from €307,955 to €232,500
of which Trade receivables: -€76,454
- Tangible fixed assets +€62,988
up €62,988 (+14.6%), from €431,896 to €494,884
of which Leasing and similar rights: +€73,889
- Profit (loss) carried forward +€157,701
up €157,701 (+43.8%), from €360,333 to €518,033
- Current portion of long-term debt +€21,741
up €21,741 (+27.9%), from €77,871 to €99,612
- Trade debts -€21,627
down €21,627 (-94.7%), from €22,847 to €1,220
- Tax, wage and social debts -€14,346
down €14,346 (-15.6%), from €92,218 to €77,872
of which Taxes: -€10,475
- Gross operating margin +€70,311
up €70,311 (+22.8%), from €308,905 to €379,216
- Depreciation +€28,015
up €28,015 (+35.3%), from €79,415 to €107,430
- Write-downs -€12,913
no longer reported in 2025 (was €12,913)
- Staff costs +€8,824
up €8,824 (+91.3%), from €9,666 to €18,491
- Taxes +€6,797
up €6,797 (+16.4%), from €41,536 to €48,333
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 | €816,754 | €970,174 | +€153,419 | +18.8% |
| Fixed assets | 21/28 | €432,399 | €495,792 | +€63,393 | +14.7% |
| Tangible fixed assets | 22/27 | €431,896 | €494,884 | +€62,988 | +14.6% |
| Land and buildings | 22 | €201,118 | €197,418 | -€3,701 | -1.8% |
| Plant, machinery and equipment | 23 | €14,963 | €22,186 | +€7,223 | +48.3% |
| Furniture and vehicles | 24 | €81,754 | €67,330 | -€14,423 | -17.6% |
| Leasing and similar rights | 25 | €134,061 | €207,950 | +€73,889 | +55.1% |
| Financial fixed assets | 28 | €503 | €908 | +€405 | +80.5% |
| Current assets | 29/58 | €384,356 | €474,382 | +€90,026 | +23.4% |
| Amounts receivable within one year | 40/41 | €307,955 | €232,500 | -€75,455 | -24.5% |
| Trade receivables | 40 | €305,910 | €229,456 | -€76,454 | -25.0% |
| Other amounts receivable | 41 | €2,045 | €3,045 | +€1,000 | +48.9% |
| Cash at bank and in hand | 54/58 | €76,401 | €241,881 | +€165,480 | +217% |
| Total equity and liabilities | 10/49 | €816,754 | €970,174 | +€153,419 | +18.8% |
| Equity | 10/15 | €374,954 | €531,078 | +€156,124 | +41.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €644 | €644 | = | 0.0% |
| Distributable reserves | 133 | €644 | €644 | = | 0.0% |
| Profit (loss) carried forward | 14 | €360,333 | €518,033 | +€157,701 | +43.8% |
| Investment grants | 15 | €1,577 | - | -€1,577 | |
| Amounts payable | 17/49 | €441,801 | €439,096 | -€2,705 | -0.6% |
| Amounts payable after more than one year | 17 | €241,147 | €250,631 | +€9,484 | +3.9% |
| Financial debts | 170/4 | €241,147 | €250,631 | +€9,484 | +3.9% |
| Amounts payable within one year | 42/48 | €200,654 | €188,465 | -€12,189 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €77,871 | €99,612 | +€21,741 | +27.9% |
| Financial debts | 43 | €3,813 | €3,800 | -€13 | -0.3% |
| Other loans | 439 | €3,813 | €3,800 | -€13 | -0.3% |
| Trade debts | 44 | €22,847 | €1,220 | -€21,627 | -94.7% |
| Suppliers | 440/4 | €22,847 | €1,220 | -€21,627 | -94.7% |
| Taxes, remuneration and social security | 45 | €92,218 | €77,872 | -€14,346 | -15.6% |
| Taxes | 450/3 | €57,791 | €47,316 | -€10,475 | -18.1% |
| Remuneration and social security | 454/9 | €34,427 | €30,556 | -€3,870 | -11.2% |
| Other amounts payable | 47/48 | €3,905 | €5,960 | +€2,056 | +52.6% |
| Non-recurring operating income | 76A | €3,806 | - | -€3,806 | |
| Remuneration, social security and pensions | 62 | €9,666 | €18,491 | +€8,824 | +91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,415 | €107,430 | +€28,015 | +35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,913 | - | -€12,913 | |
| Other operating charges | 640/8 | €23,959 | €26,948 | +€2,989 | +12.5% |
| Gross operating margin | 9900 | €308,905 | €379,216 | +€70,311 | +22.8% |
| Operating profit (loss) | 9901 | €182,951 | €226,347 | +€43,396 | +23.7% |
| Financial income | 75/76B | €1,579 | €1,599 | +€20 | +1.3% |
| Recurring financial income | 75 | €1,579 | €1,599 | +€20 | +1.3% |
| Financial charges | 65/66B | €16,226 | €21,912 | +€5,686 | +35.0% |
| Recurring financial charges | 65 | €16,226 | €21,912 | +€5,686 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €168,304 | €206,034 | +€37,730 | +22.4% |
| Income taxes | 67/77 | €41,536 | €48,333 | +€6,797 | +16.4% |
| Profit (loss) for the period | 9904 | €126,768 | €157,701 | +€30,932 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,768 | €157,701 | +€30,932 | +24.4% |
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 13 October 2026 via checked.be.