VECTEUR A: 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.
VECTEUR A
Largest movements
- Receivables within one year -€70,796
down €70,796 (-90.4%), from €78,281 to €7,485
of which Trade receivables: -€76,876
- Cash -€31,901
down €31,901 (-89.4%), from €35,688 to €3,787
mainly Accrued charges and deferred income (-€75,548) and Net result for the year (-€18,018)
- Accrued charges and deferred income -€75,548
down €75,548 (-99.3%), from €76,056 to €507
- Profit (loss) carried forward -€18,018
down €18,018 (-190%), from -€9,479 to -€27,497
- Tax, wage and social debts -€12,265
down €12,265 (-100%), from €12,265 to €0
- Trade debts +€3,135
up €3,135 (+51.9%), from €6,037 to €9,172
- Gross operating margin -€9,999
down €9,999 (-131%), from -€7,611 to -€17,609
- Taxes -€986
down €986, from €965 to -€20
- Depreciation -€473
down €473 (-100%), from €473 to €0
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 | €113,969 | €11,273 | -€102,697 | -90.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €113,969 | €11,273 | -€102,697 | -90.1% |
| Amounts receivable within one year | 40/41 | €78,281 | €7,485 | -€70,796 | -90.4% |
| Trade receivables | 40 | €78,281 | €1,405 | -€76,876 | -98.2% |
| Other amounts receivable | 41 | - | €6,080 | +€6,080 | |
| Cash at bank and in hand | 54/58 | €35,688 | €3,787 | -€31,901 | -89.4% |
| Total equity and liabilities | 10/49 | €113,969 | €11,273 | -€102,697 | -90.1% |
| Equity | 10/15 | €5,521 | -€12,497 | -€18,018 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,479 | -€27,497 | -€18,018 | -190% |
| Amounts payable | 17/49 | €108,448 | €23,769 | -€84,679 | -78.1% |
| Amounts payable within one year | 42/48 | €32,392 | €23,262 | -€9,130 | -28.2% |
| Trade debts | 44 | €6,037 | €9,172 | +€3,135 | +51.9% |
| Suppliers | 440/4 | €6,037 | €9,172 | +€3,135 | +51.9% |
| Taxes, remuneration and social security | 45 | €12,265 | €0 | -€12,265 | -100% |
| Taxes | 450/3 | €12,265 | €0 | -€12,265 | -100% |
| Other amounts payable | 47/48 | €14,091 | €14,091 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €76,056 | €507 | -€75,548 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €0 | -€473 | -100% |
| Other operating charges | 640/8 | €387 | €387 | = | 0.0% |
| Gross operating margin | 9900 | -€7,611 | -€17,609 | -€9,999 | -131% |
| Operating profit (loss) | 9901 | -€8,471 | -€17,997 | -€9,525 | -112% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,513 | -€18,039 | -€9,525 | -112% |
| Income taxes | 67/77 | €965 | -€20 | -€986 | |
| Profit (loss) for the period | 9904 | -€9,479 | -€18,018 | -€8,540 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,479 | -€18,018 | -€8,540 | -90.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.