Vtron Mobility: 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.
Vtron Mobility
Largest movements
- Stocks and contracts -€156,977
down €156,977 (-31.1%), from €504,276 to €347,299
- Cash +€91,990
up €91,990 (+46.8%), from €196,451 to €288,441
mainly Stocks and contracts (+€156,977) and Net result for the year (+€85,500)
- Receivables within one year +€84,438
up €84,438 (+195.1%), from €43,278 to €127,716
of which Trade receivables: +€85,865
- Financial fixed assets +€49,900
up €49,900 (+324.6%), from €15,375 to €65,275
- Reserves +€85,500
up €85,500 (+74.7%), from €114,460 to €199,960
- Trade debts -€32,984
down €32,984 (-50.8%), from €64,917 to €31,933
- Debts after one year +€21,108
up €21,108 (+5.8%), from €362,570 to €383,678
- Tax, wage and social debts +€19,291
up €19,291 (+27.6%), from €69,810 to €89,101
of which Taxes: +€16,339
- Gross operating margin +€97,134
up €97,134 (+63.0%), from €154,217 to €251,350
- Staff costs +€40,575
up €40,575 (+85.7%), from €47,331 to €87,905
- Taxes +€14,121
up €14,121 (+112.2%), from €12,585 to €26,706
- Financial charges -€10,049
down €10,049 (-40.2%), from €25,008 to €14,959
- Depreciation +€3,069
up €3,069 (+12.1%), from €25,410 to €28,479
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 | €850,578 | €934,910 | +€84,332 | +9.9% |
| Fixed assets | 21/28 | €90,894 | €149,172 | +€58,278 | +64.1% |
| Intangible fixed assets | 21 | €957 | €357 | -€600 | -62.7% |
| Tangible fixed assets | 22/27 | €74,562 | €83,539 | +€8,978 | +12.0% |
| Plant, machinery and equipment | 23 | €14,131 | €9,385 | -€4,747 | -33.6% |
| Furniture and vehicles | 24 | €21,570 | €42,666 | +€21,096 | +97.8% |
| Leasing and similar rights | 25 | €2,158 | €1,174 | -€984 | -45.6% |
| Other tangible fixed assets | 26 | €36,702 | €30,315 | -€6,387 | -17.4% |
| Financial fixed assets | 28 | €15,375 | €65,275 | +€49,900 | +324.6% |
| Current assets | 29/58 | €759,683 | €785,738 | +€26,055 | +3.4% |
| Stocks and contracts in progress | 3 | €504,276 | €347,299 | -€156,977 | -31.1% |
| Stocks | 30/36 | €504,276 | €347,299 | -€156,977 | -31.1% |
| Amounts receivable within one year | 40/41 | €43,278 | €127,716 | +€84,438 | +195.1% |
| Trade receivables | 40 | €41,851 | €127,716 | +€85,865 | +205.2% |
| Other amounts receivable | 41 | €1,427 | - | -€1,427 | |
| Cash at bank and in hand | 54/58 | €196,451 | €288,441 | +€91,990 | +46.8% |
| Deferred charges and accrued income | 490/1 | €15,678 | €22,282 | +€6,604 | +42.1% |
| Total equity and liabilities | 10/49 | €850,578 | €934,910 | +€84,332 | +9.9% |
| Equity | 10/15 | €184,460 | €269,960 | +€85,500 | +46.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €114,460 | €199,960 | +€85,500 | +74.7% |
| Distributable reserves | 133 | €114,460 | €199,960 | +€85,500 | +74.7% |
| Amounts payable | 17/49 | €666,118 | €664,950 | -€1,168 | -0.2% |
| Amounts payable after more than one year | 17 | €362,570 | €383,678 | +€21,108 | +5.8% |
| Financial debts | 170/4 | €362,570 | €383,678 | +€21,108 | +5.8% |
| Amounts payable within one year | 42/48 | €292,265 | €276,689 | -€15,576 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €56,091 | €54,053 | -€2,038 | -3.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €64,917 | €31,933 | -€32,984 | -50.8% |
| Suppliers | 440/4 | €64,917 | €31,933 | -€32,984 | -50.8% |
| Taxes, remuneration and social security | 45 | €69,810 | €89,101 | +€19,291 | +27.6% |
| Taxes | 450/3 | €65,995 | €82,333 | +€16,339 | +24.8% |
| Remuneration and social security | 454/9 | €3,815 | €6,767 | +€2,952 | +77.4% |
| Other amounts payable | 47/48 | €1,447 | €1,602 | +€155 | +10.7% |
| Accrued charges and deferred income | 492/3 | €11,283 | €4,583 | -€6,700 | -59.4% |
| Non-recurring operating income | 76A | - | €18,610 | +€18,610 | |
| Remuneration, social security and pensions | 62 | €47,331 | €87,905 | +€40,575 | +85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,410 | €28,479 | +€3,069 | +12.1% |
| Other operating charges | 640/8 | €7,460 | €9,481 | +€2,021 | +27.1% |
| Gross operating margin | 9900 | €154,217 | €251,350 | +€97,134 | +63.0% |
| Operating profit (loss) | 9901 | €74,016 | €125,485 | +€51,469 | +69.5% |
| Financial income | 75/76B | €678 | €1,680 | +€1,003 | +148.0% |
| Recurring financial income | 75 | €678 | €1,680 | +€1,003 | +148.0% |
| Financial charges | 65/66B | €25,008 | €14,959 | -€10,049 | -40.2% |
| Recurring financial charges | 65 | €25,008 | €14,959 | -€10,049 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €49,685 | €112,206 | +€62,521 | +125.8% |
| Income taxes | 67/77 | €12,585 | €26,706 | +€14,121 | +112.2% |
| Profit (loss) for the period | 9904 | €37,100 | €85,500 | +€48,400 | +130.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,100 | €85,500 | +€48,400 | +130.5% |
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.