VTS-Trans: 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.
VTS-Trans
Largest movements
- Tangible fixed assets -€23,479
down €23,479 (-45.8%), from €51,293 to €27,814
of which Furniture and vehicles: -€28,333
- Cash +€4,645
up €4,645 (+17.3%), from €26,773 to €31,418
mainly Depreciation (+€29,393) and Net result for the year (+€14,518)
- Receivables within one year -€2,235
down €2,235 (-11.0%), from €20,399 to €18,165
- Short-term financial debts -€20,165
no longer reported in 2025 (was €20,165)
- Debts after one year -€17,657
no longer reported in 2025 (was €17,657)
- Reserves +€10,000
up €10,000 (+71.4%), from €14,000 to €24,000
- Current portion of long-term debt +€7,657
new in 2025: €7,657
- Profit (loss) carried forward +€4,518
up €4,518 (+5781.2%), from €78 to €4,596
- Other operating charges +€6,619
up €6,619 (+768.4%), from €861 to €7,480
- Depreciation -€6,331
down €6,331 (-17.7%), from €35,724 to €29,393
- Financial charges -€2,307
down €2,307 (-55.0%), from €4,196 to €1,889
- Gross operating margin -€1,497
down €1,497 (-2.5%), from €60,751 to €59,255
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 | €98,600 | €77,531 | -€21,069 | -21.4% |
| Fixed assets | 21/28 | €51,428 | €27,949 | -€23,479 | -45.7% |
| Tangible fixed assets | 22/27 | €51,293 | €27,814 | -€23,479 | -45.8% |
| Plant, machinery and equipment | 23 | €1,710 | €6,564 | +€4,854 | +283.9% |
| Furniture and vehicles | 24 | €49,583 | €21,250 | -€28,333 | -57.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €47,172 | €49,582 | +€2,410 | +5.1% |
| Amounts receivable within one year | 40/41 | €20,399 | €18,165 | -€2,235 | -11.0% |
| Trade receivables | 40 | €20,399 | €18,165 | -€2,235 | -11.0% |
| Cash at bank and in hand | 54/58 | €26,773 | €31,418 | +€4,645 | +17.3% |
| Total equity and liabilities | 10/49 | €98,600 | €77,531 | -€21,069 | -21.4% |
| Equity | 10/15 | €24,078 | €38,596 | +€14,518 | +60.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Distributable reserves | 133 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Profit (loss) carried forward | 14 | €78 | €4,596 | +€4,518 | +5781.2% |
| Amounts payable | 17/49 | €74,522 | €38,935 | -€35,587 | -47.8% |
| Amounts payable after more than one year | 17 | €17,657 | - | -€17,657 | |
| Financial debts | 170/4 | €17,657 | - | -€17,657 | |
| Amounts payable within one year | 42/48 | €56,865 | €38,935 | -€17,930 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,657 | +€7,657 | |
| Financial debts | 43 | €20,165 | - | -€20,165 | |
| Credit institutions | 430/8 | €20,165 | - | -€20,165 | |
| Trade debts | 44 | €19,560 | €17,879 | -€1,681 | -8.6% |
| Suppliers | 440/4 | €19,560 | €17,879 | -€1,681 | -8.6% |
| Taxes, remuneration and social security | 45 | €15,790 | €13,048 | -€2,742 | -17.4% |
| Taxes | 450/3 | €12,453 | €13,048 | +€595 | +4.8% |
| Remuneration and social security | 454/9 | €3,337 | - | -€3,337 | |
| Other amounts payable | 47/48 | €1,351 | €351 | -€1,000 | -74.0% |
| Remuneration, social security and pensions | 62 | €347 | - | -€347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,724 | €29,393 | -€6,331 | -17.7% |
| Other operating charges | 640/8 | €861 | €7,480 | +€6,619 | +768.4% |
| Gross operating margin | 9900 | €60,751 | €59,255 | -€1,497 | -2.5% |
| Operating profit (loss) | 9901 | €23,819 | €22,382 | -€1,437 | -6.0% |
| Financial income | 75/76B | €64 | €0 | -€64 | -100.0% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -100.0% |
| Financial charges | 65/66B | €4,196 | €1,889 | -€2,307 | -55.0% |
| Recurring financial charges | 65 | €4,196 | €1,889 | -€2,307 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €19,686 | €20,493 | +€806 | +4.1% |
| Income taxes | 67/77 | €5,608 | €5,975 | +€367 | +6.5% |
| Profit (loss) for the period | 9904 | €14,078 | €14,518 | +€440 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,078 | €14,518 | +€440 | +3.1% |
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 12 October 2026 via checked.be.