VECTIGA-LAW: what changed
VECTIGA-LAW
Largest movements
- Cash -€73,777
down €73,777 (-70.8%), from €104,237 to €30,459
mainly Contributions, distributions and other (-€85,000) and Other debts (-€67,683)
- Other debts -€67,683
down €67,683 (-95.7%), from €70,717 to €3,034
- Tax, wage and social debts -€10,703
down €10,703 (-44.7%), from €23,942 to €13,240
of which Taxes: -€14,120
- Profit (loss) carried forward +€3,701
up €3,701 (+91.1%), from €4,065 to €7,766
- Trade debts +€1,066
up €1,066 (+37.1%), from €2,871 to €3,937
- Gross operating margin +€17,308
up €17,308 (+18.1%), from €95,632 to €112,940
- Taxes +€4,134
up €4,134 (+21.4%), from €19,302 to €23,437
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,237 | €30,619 | -€73,618 | -70.6% |
| Current assets | 29/58 | €104,237 | €30,619 | -€73,618 | -70.6% |
| Amounts receivable within one year | 40/41 | - | €159 | +€159 | |
| Trade receivables | 40 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €104,237 | €30,459 | -€73,777 | -70.8% |
| Total equity and liabilities | 10/49 | €104,237 | €30,619 | -€73,618 | -70.6% |
| Equity | 10/15 | €6,707 | €10,408 | +€3,701 | +55.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,642 | €1,642 | = | 0.0% |
| Distributable reserves | 133 | €1,642 | €1,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,065 | €7,766 | +€3,701 | +91.1% |
| Amounts payable | 17/49 | €97,530 | €20,211 | -€77,319 | -79.3% |
| Amounts payable within one year | 42/48 | €97,530 | €20,211 | -€77,319 | -79.3% |
| Trade debts | 44 | €2,871 | €3,937 | +€1,066 | +37.1% |
| Suppliers | 440/4 | €2,871 | €3,937 | +€1,066 | +37.1% |
| Taxes, remuneration and social security | 45 | €23,942 | €13,240 | -€10,703 | -44.7% |
| Taxes | 450/3 | €23,942 | €9,822 | -€14,120 | -59.0% |
| Remuneration and social security | 454/9 | - | €3,418 | +€3,418 | |
| Other amounts payable | 47/48 | €70,717 | €3,034 | -€67,683 | -95.7% |
| Other operating charges | 640/8 | €638 | €544 | -€94 | -14.7% |
| Gross operating margin | 9900 | €95,632 | €112,940 | +€17,308 | +18.1% |
| Operating profit (loss) | 9901 | €94,994 | €112,396 | +€17,402 | +18.3% |
| Financial charges | 65/66B | €353 | €258 | -€95 | -26.9% |
| Recurring financial charges | 65 | €353 | €258 | -€95 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €94,641 | €112,138 | +€17,497 | +18.5% |
| Income taxes | 67/77 | €19,302 | €23,437 | +€4,134 | +21.4% |
| Profit (loss) for the period | 9904 | €75,338 | €88,701 | +€13,363 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,338 | €88,701 | +€13,363 | +17.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.