VECOTRA SERVICES: 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.
VECOTRA SERVICES
Largest movements
- Cash +€34,774
up €34,774 (+9.7%), from €359,545 to €394,319
mainly Net result for the year (+€58,171) and Depreciation (+€10,452)
- Receivables within one year +€11,287
new in 2025: €11,287
- Tangible fixed assets -€8,903
down €8,903 (-85.2%), from €10,452 to €1,549
of which Furniture and vehicles: -€10,452
- Reserves +€57,000
up €57,000 (+20.5%), from €278,260 to €335,260
- Other debts -€25,217
down €25,217 (-96.8%), from €26,050 to €833
- Tax, wage and social debts +€4,519
up €4,519 (+15.9%), from €28,481 to €32,999
- Gross operating margin +€5,057
up €5,057 (+5.5%), from €91,819 to €96,875
- Financial income +€3,382
up €3,382 (+295.5%), from €1,144 to €4,526
- Taxes +€2,048
up €2,048 (+7.2%), from €28,278 to €30,326
- Financial charges -€1,355
down €1,355 (-78.9%), from €1,717 to €362
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 | €370,564 | €407,155 | +€36,591 | +9.9% |
| Fixed assets | 21/28 | €10,452 | €1,549 | -€8,903 | -85.2% |
| Tangible fixed assets | 22/27 | €10,452 | €1,549 | -€8,903 | -85.2% |
| Plant, machinery and equipment | 23 | - | €1,549 | +€1,549 | |
| Furniture and vehicles | 24 | €10,452 | - | -€10,452 | |
| Current assets | 29/58 | €360,112 | €405,606 | +€45,494 | +12.6% |
| Amounts receivable within one year | 40/41 | - | €11,287 | +€11,287 | |
| Other amounts receivable | 41 | - | €11,287 | +€11,287 | |
| Cash at bank and in hand | 54/58 | €359,545 | €394,319 | +€34,774 | +9.7% |
| Deferred charges and accrued income | 490/1 | €567 | - | -€567 | |
| Total equity and liabilities | 10/49 | €370,564 | €407,155 | +€36,591 | +9.9% |
| Equity | 10/15 | €315,190 | €372,528 | +€57,338 | +18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €278,260 | €335,260 | +€57,000 | +20.5% |
| Distributable reserves | 133 | €278,260 | €335,260 | +€57,000 | +20.5% |
| Profit (loss) carried forward | 14 | €24,530 | €24,868 | +€338 | +1.4% |
| Amounts payable | 17/49 | €55,374 | €34,628 | -€20,746 | -37.5% |
| Amounts payable within one year | 42/48 | €55,374 | €34,628 | -€20,746 | -37.5% |
| Trade debts | 44 | €844 | €795 | -€48 | -5.7% |
| Suppliers | 440/4 | €844 | €795 | -€48 | -5.7% |
| Taxes, remuneration and social security | 45 | €28,481 | €32,999 | +€4,519 | +15.9% |
| Taxes | 450/3 | €28,481 | €32,999 | +€4,519 | +15.9% |
| Other amounts payable | 47/48 | €26,050 | €833 | -€25,217 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,899 | €10,452 | -€448 | -4.1% |
| Other operating charges | 640/8 | €1,405 | €2,091 | +€686 | +48.8% |
| Gross operating margin | 9900 | €91,819 | €96,875 | +€5,057 | +5.5% |
| Operating profit (loss) | 9901 | €79,514 | €84,333 | +€4,819 | +6.1% |
| Financial income | 75/76B | €1,144 | €4,526 | +€3,382 | +295.5% |
| Recurring financial income | 75 | €1,144 | €4,526 | +€3,382 | +295.5% |
| Financial charges | 65/66B | €1,717 | €362 | -€1,355 | -78.9% |
| Recurring financial charges | 65 | €1,717 | €362 | -€1,355 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €78,942 | €88,497 | +€9,556 | +12.1% |
| Income taxes | 67/77 | €28,278 | €30,326 | +€2,048 | +7.2% |
| Profit (loss) for the period | 9904 | €50,664 | €58,171 | +€7,507 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,664 | €58,171 | +€7,507 | +14.8% |
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 11 October 2026 via checked.be.