VTG Mobility: 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.
VTG Mobility
Largest movements
- Receivables within one year +€58,400
up €58,400 (+114.4%), from €51,034 to €109,434
- Intangible fixed assets -€45,000
down €45,000 (-12.5%), from €360,000 to €315,000
- Cash +€15,158
up €15,158 (+36.4%), from €41,692 to €56,850
mainly Depreciation (+€51,139) and Other debts (+€46,937)
- Stocks and contracts -€14,017
down €14,017 (-24.7%), from €56,738 to €42,721
- Tangible fixed assets -€9,191
down €9,191 (-10.4%), from €88,675 to €79,484
of which Plant, machinery and equipment: -€10,000
- Other debts +€46,937
up €46,937 (+91.1%), from €51,500 to €98,437
- Debts after one year -€41,046
down €41,046 (-11.9%), from €344,093 to €303,046
- Tax, wage and social debts +€21,102
up €21,102 (+418.6%), from €5,042 to €26,143
of which Remuneration and social security: +€11,817
- Profit (loss) carried forward -€18,594
down €18,594 (-160.8%), from -€11,563 to -€30,156
- Trade debts -€9,342
down €9,342 (-10.5%), from €88,942 to €79,600
- Gross operating margin -€50,129
down €50,129 (-19.8%), from €252,854 to €202,725
- Write-downs -€8,955
no longer reported in 2025 (was €8,955)
- Depreciation -€6,519
down €6,519 (-11.3%), from €57,658 to €51,139
- Staff costs +€4,971
up €4,971 (+3.7%), from €136,200 to €141,172
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 | €620,980 | €622,064 | +€1,083 | +0.2% |
| Fixed assets | 21/28 | €467,250 | €413,059 | -€54,191 | -11.6% |
| Intangible fixed assets | 21 | €360,000 | €315,000 | -€45,000 | -12.5% |
| Tangible fixed assets | 22/27 | €88,675 | €79,484 | -€9,191 | -10.4% |
| Plant, machinery and equipment | 23 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Other tangible fixed assets | 26 | €8,675 | €9,484 | +€809 | +9.3% |
| Financial fixed assets | 28 | €18,575 | €18,575 | = | 0.0% |
| Current assets | 29/58 | €153,730 | €209,005 | +€55,274 | +36.0% |
| Stocks and contracts in progress | 3 | €56,738 | €42,721 | -€14,017 | -24.7% |
| Stocks | 30/36 | €56,738 | €42,721 | -€14,017 | -24.7% |
| Amounts receivable within one year | 40/41 | €51,034 | €109,434 | +€58,400 | +114.4% |
| Trade receivables | 40 | €51,034 | €109,434 | +€58,400 | +114.4% |
| Cash at bank and in hand | 54/58 | €41,692 | €56,850 | +€15,158 | +36.4% |
| Deferred charges and accrued income | 490/1 | €4,266 | €0 | -€4,266 | -100.0% |
| Total equity and liabilities | 10/49 | €620,980 | €622,064 | +€1,083 | +0.2% |
| Equity | 10/15 | €88,437 | €69,844 | -€18,594 | -21.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,563 | -€30,156 | -€18,594 | -160.8% |
| Amounts payable | 17/49 | €532,543 | €552,220 | +€19,677 | +3.7% |
| Amounts payable after more than one year | 17 | €344,093 | €303,046 | -€41,046 | -11.9% |
| Financial debts | 170/4 | €344,093 | €303,046 | -€41,046 | -11.9% |
| Amounts payable within one year | 42/48 | €184,559 | €245,226 | +€60,667 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €39,076 | €41,046 | +€1,971 | +5.0% |
| Trade debts | 44 | €88,942 | €79,600 | -€9,342 | -10.5% |
| Suppliers | 440/4 | €88,942 | €79,600 | -€9,342 | -10.5% |
| Taxes, remuneration and social security | 45 | €5,042 | €26,143 | +€21,102 | +418.6% |
| Taxes | 450/3 | €3,146 | €12,431 | +€9,284 | +295.1% |
| Remuneration and social security | 454/9 | €1,895 | €13,712 | +€11,817 | +623.5% |
| Other amounts payable | 47/48 | €51,500 | €98,437 | +€46,937 | +91.1% |
| Accrued charges and deferred income | 492/3 | €3,892 | €3,948 | +€56 | +1.4% |
| Remuneration, social security and pensions | 62 | €136,200 | €141,172 | +€4,971 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,658 | €51,139 | -€6,519 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,955 | - | -€8,955 | |
| Other operating charges | 640/8 | €7,849 | €5,571 | -€2,277 | -29.0% |
| Gross operating margin | 9900 | €252,854 | €202,725 | -€50,129 | -19.8% |
| Operating profit (loss) | 9901 | €42,192 | €4,843 | -€37,350 | -88.5% |
| Financial income | 75/76B | €20 | €0 | -€19 | -98.3% |
| Recurring financial income | 75 | €20 | €0 | -€19 | -98.3% |
| Financial charges | 65/66B | €22,617 | €23,437 | +€820 | +3.6% |
| Recurring financial charges | 65 | €22,617 | €23,437 | +€820 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €19,595 | -€18,594 | -€38,189 | |
| Profit (loss) for the period | 9904 | €19,595 | -€18,594 | -€38,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,595 | -€18,594 | -€38,189 |
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 9 October 2026 via checked.be.