VV CARRELAGE: 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.
VV CARRELAGE
Largest movements
- Receivables within one year +€27,958
up €27,958 (+79.1%), from €35,324 to €63,282
of which Trade receivables: +€19,769
- Tangible fixed assets +€19,404
up €19,404 (+78.0%), from €24,877 to €44,281
of which Furniture and vehicles: +€19,999
- Cash -€17,611
down €17,611 (-84.5%), from €20,834 to €3,223
mainly Investment in fixed assets (net) (-€31,994) and Receivables within one year (-€27,958)
- Stocks and contracts +€10,120
up €10,120 (+131%), from €7,700 to €17,820
- Debts after one year +€17,888
up €17,888 (+81.1%), from €22,054 to €39,942
- Tax, wage and social debts +€17,158
up €17,158 (+159%), from €10,782 to €27,940
of which Remuneration and social security: +€14,453
- Profit (loss) carried forward -€14,229
down €14,229 (-34.8%), from €40,842 to €26,613
- Current portion of long-term debt +€7,117
up €7,117 (+107%), from €6,637 to €13,754
- Trade debts +€4,954
up €4,954 (+41.1%), from €12,046 to €17,000
- Staff costs +€43,198
up €43,198 (+43.5%), from €99,283 to €142,481
- Taxes -€6,712
down €6,712 (-97.9%), from €6,853 to €141
- Depreciation +€4,467
up €4,467 (+53.0%), from €8,423 to €12,890
- Financial charges +€3,145
up €3,145 (+154%), from €2,040 to €5,185
- Gross operating margin -€2,239
down €2,239 (-1.5%), from €151,267 to €149,028
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 | €95,361 | €133,618 | +€38,257 | +40.1% |
| Fixed assets | 21/28 | €27,441 | €46,545 | +€19,104 | +69.6% |
| Intangible fixed assets | 21 | €975 | €675 | -€300 | -30.8% |
| Tangible fixed assets | 22/27 | €24,877 | €44,281 | +€19,404 | +78.0% |
| Plant, machinery and equipment | 23 | €6,129 | €5,534 | -€595 | -9.7% |
| Furniture and vehicles | 24 | €18,748 | €38,747 | +€19,999 | +107% |
| Financial fixed assets | 28 | €1,589 | €1,589 | = | 0.0% |
| Current assets | 29/58 | €67,920 | €87,073 | +€19,153 | +28.2% |
| Stocks and contracts in progress | 3 | €7,700 | €17,820 | +€10,120 | +131% |
| Stocks | 30/36 | €7,700 | €17,820 | +€10,120 | +131% |
| Amounts receivable within one year | 40/41 | €35,324 | €63,282 | +€27,958 | +79.1% |
| Trade receivables | 40 | €9,892 | €29,661 | +€19,769 | +200% |
| Other amounts receivable | 41 | €25,432 | €33,621 | +€8,189 | +32.2% |
| Cash at bank and in hand | 54/58 | €20,834 | €3,223 | -€17,611 | -84.5% |
| Deferred charges and accrued income | 490/1 | €4,062 | €2,748 | -€1,314 | -32.3% |
| Total equity and liabilities | 10/49 | €95,361 | €133,618 | +€38,257 | +40.1% |
| Equity | 10/15 | €43,842 | €29,613 | -€14,229 | -32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,842 | €26,613 | -€14,229 | -34.8% |
| Amounts payable | 17/49 | €51,519 | €104,005 | +€52,486 | +102% |
| Amounts payable after more than one year | 17 | €22,054 | €39,942 | +€17,888 | +81.1% |
| Financial debts | 170/4 | €22,054 | €39,942 | +€17,888 | +81.1% |
| Amounts payable within one year | 42/48 | €29,465 | €64,063 | +€34,598 | +117% |
| Current portion of amounts payable after more than one year | 42 | €6,637 | €13,754 | +€7,117 | +107% |
| Financial debts | 43 | - | €1,686 | +€1,686 | |
| Credit institutions | 430/8 | - | €1,686 | +€1,686 | |
| Trade debts | 44 | €12,046 | €17,000 | +€4,954 | +41.1% |
| Suppliers | 440/4 | €12,046 | €17,000 | +€4,954 | +41.1% |
| Taxes, remuneration and social security | 45 | €10,782 | €27,940 | +€17,158 | +159% |
| Taxes | 450/3 | €205 | €2,910 | +€2,705 | +1,320% |
| Remuneration and social security | 454/9 | €10,577 | €25,030 | +€14,453 | +137% |
| Other amounts payable | 47/48 | - | €3,683 | +€3,683 | |
| Non-recurring operating income | 76A | €8,164 | €399 | -€7,765 | -95.1% |
| Remuneration, social security and pensions | 62 | €99,283 | €142,481 | +€43,198 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,423 | €12,890 | +€4,467 | +53.0% |
| Other operating charges | 640/8 | €600 | €394 | -€206 | -34.3% |
| Non-recurring operating charges | 66A | €7,150 | €2,227 | -€4,923 | -68.9% |
| Gross operating margin | 9900 | €151,267 | €149,028 | -€2,239 | -1.5% |
| Operating profit (loss) | 9901 | €35,811 | -€8,964 | -€44,775 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €2,040 | €5,185 | +€3,145 | +154% |
| Recurring financial charges | 65 | €2,040 | €5,185 | +€3,145 | +154% |
| Profit (loss) for the period before taxes | 9903 | €33,771 | -€14,088 | -€47,859 | |
| Income taxes | 67/77 | €6,853 | €141 | -€6,712 | -97.9% |
| Profit (loss) for the period | 9904 | €26,918 | -€14,229 | -€41,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,918 | -€14,229 | -€41,147 |
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 20 October 2026 via checked.be.