VTRANS: 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.
VTRANS
Largest movements
- Receivables within one year +€7,258
up €7,258 (+8.1%), from €89,330 to €96,588
- Tangible fixed assets -€3,864
down €3,864 (-5.1%), from €75,754 to €71,890
- Profit (loss) carried forward +€13,074
up €13,074 (+20.3%), from -€64,354 to -€51,280
- Trade debts -€7,736
down €7,736 (-98.9%), from €7,825 to €88
- Tax, wage and social debts -€2,666
down €2,666 (-25.5%), from €10,455 to €7,790
of which Remuneration and social security: -€3,152
- Accrued charges and deferred income +€2,103
new in 2025: €2,103
- Gross operating margin +€5,883
up €5,883 (+7.5%), from €78,476 to €84,359
- Other operating charges -€3,454
down €3,454 (-55.6%), from €6,210 to €2,756
- Staff costs -€1,106
down €1,106 (-1.7%), from €63,840 to €62,734
- Financial charges -€950
down €950 (-33.0%), from €2,881 to €1,931
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 | €176,391 | €181,166 | +€4,775 | +2.7% |
| Fixed assets | 21/28 | €77,254 | €73,390 | -€3,864 | -5.0% |
| Tangible fixed assets | 22/27 | €75,754 | €71,890 | -€3,864 | -5.1% |
| Leasing and similar rights | 25 | €75,754 | €71,890 | -€3,864 | -5.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €99,137 | €107,776 | +€8,639 | +8.7% |
| Amounts receivable within one year | 40/41 | €89,330 | €96,588 | +€7,258 | +8.1% |
| Trade receivables | 40 | €89,330 | €96,588 | +€7,258 | +8.1% |
| Cash at bank and in hand | 54/58 | €9,808 | €11,188 | +€1,381 | +14.1% |
| Total equity and liabilities | 10/49 | €176,391 | €181,166 | +€4,775 | +2.7% |
| Equity | 10/15 | -€45,754 | -€32,680 | +€13,074 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,354 | -€51,280 | +€13,074 | +20.3% |
| Amounts payable | 17/49 | €222,145 | €213,846 | -€8,299 | -3.7% |
| Amounts payable within one year | 42/48 | €222,145 | €211,743 | -€10,402 | -4.7% |
| Trade debts | 44 | €7,825 | €88 | -€7,736 | -98.9% |
| Suppliers | 440/4 | €7,825 | €88 | -€7,736 | -98.9% |
| Taxes, remuneration and social security | 45 | €10,455 | €7,790 | -€2,666 | -25.5% |
| Taxes | 450/3 | €3,588 | €4,074 | +€486 | +13.5% |
| Remuneration and social security | 454/9 | €6,868 | €3,716 | -€3,152 | -45.9% |
| Other amounts payable | 47/48 | €203,865 | €203,865 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,103 | +€2,103 | |
| Remuneration, social security and pensions | 62 | €63,840 | €62,734 | -€1,106 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,464 | €3,864 | -€601 | -13.5% |
| Other operating charges | 640/8 | €6,210 | €2,756 | -€3,454 | -55.6% |
| Gross operating margin | 9900 | €78,476 | €84,359 | +€5,883 | +7.5% |
| Operating profit (loss) | 9901 | €3,962 | €15,005 | +€11,043 | +278.7% |
| Financial charges | 65/66B | €2,881 | €1,931 | -€950 | -33.0% |
| Recurring financial charges | 65 | €2,881 | €1,931 | -€950 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,081 | €13,074 | +€11,994 | +1109.8% |
| Profit (loss) for the period | 9904 | €1,081 | €13,074 | +€11,994 | +1109.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,081 | €13,074 | +€11,994 | +1109.8% |
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 9 October 2026 via checked.be.