VECTIRIS: what changed
Two fiscal 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.
VECTIRIS
Largest movements
- Financial fixed assets +€840,670
new in 2025: €840,670
- Receivables within one year -€153,829
down €153,829 (-86.8%), from €177,208 to €23,379
of which Other amounts receivable: -€175,829
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€13,000
down €13,000 (-4.7%), from €275,301 to €262,301
of which Land and buildings: -€9,000
- Contributions +€277,200
up €277,200 (+2772.0%), from €10,000 to €287,200
- Other debts +€192,589
new in 2025: €192,589
- Debts after one year +€99,799
up €99,799 (+35.3%), from €283,000 to €382,799
of which Other amounts payable: +€116,842
- Reserves +€48,206
up €48,206 (+22.3%), from €216,285 to €264,491
- Financial income -€8,832
down €8,832 (-93.9%), from €9,404 to €572
- Gross operating margin -€8,413
down €8,413 (-8.2%), from €102,725 to €94,313
- Taxes -€1,206
down €1,206 (-4.8%), from €25,003 to €23,797
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 | €536,202 | €1,151,734 | +€615,532 | +114.8% |
| Fixed assets | 21/28 | €275,301 | €1,102,971 | +€827,670 | +300.6% |
| Tangible fixed assets | 22/27 | €275,301 | €262,301 | -€13,000 | -4.7% |
| Land and buildings | 22 | €269,647 | €260,647 | -€9,000 | -3.3% |
| Furniture and vehicles | 24 | €5,655 | €1,655 | -€4,000 | -70.7% |
| Financial fixed assets | 28 | - | €840,670 | +€840,670 | |
| Current assets | 29/58 | €260,900 | €48,762 | -€212,138 | -81.3% |
| Amounts receivable within one year | 40/41 | €177,208 | €23,379 | -€153,829 | -86.8% |
| Trade receivables | 40 | - | €22,000 | +€22,000 | |
| Other amounts receivable | 41 | €177,208 | €1,379 | -€175,829 | -99.2% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €32,588 | €24,225 | -€8,363 | -25.7% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,158 | +€54 | +4.9% |
| Total equity and liabilities | 10/49 | €536,202 | €1,151,734 | +€615,532 | +114.8% |
| Equity | 10/15 | €226,285 | €551,691 | +€325,406 | +143.8% |
| Contributions | 10/11 | €10,000 | €287,200 | +€277,200 | +2772.0% |
| Reserves | 13 | €216,285 | €264,491 | +€48,206 | +22.3% |
| Distributable reserves | 133 | €216,285 | €264,491 | +€48,206 | +22.3% |
| Amounts payable | 17/49 | €309,917 | €600,043 | +€290,126 | +93.6% |
| Amounts payable after more than one year | 17 | €283,000 | €382,799 | +€99,799 | +35.3% |
| Financial debts | 170/4 | €199,842 | €182,799 | -€17,042 | -8.5% |
| Other amounts payable | 178/9 | €83,158 | €200,000 | +€116,842 | +140.5% |
| Amounts payable within one year | 42/48 | €26,916 | €217,243 | +€190,327 | +707.1% |
| Current portion of amounts payable after more than one year | 42 | €16,718 | €17,042 | +€325 | +1.9% |
| Trade debts | 44 | €2,215 | €2,374 | +€158 | +7.2% |
| Suppliers | 440/4 | €2,215 | €2,374 | +€158 | +7.2% |
| Taxes, remuneration and social security | 45 | €7,984 | €5,238 | -€2,745 | -34.4% |
| Taxes | 450/3 | €7,984 | €5,238 | -€2,745 | -34.4% |
| Other amounts payable | 47/48 | - | €192,589 | +€192,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,000 | €13,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,694 | €2,708 | +€14 | +0.5% |
| Gross operating margin | 9900 | €102,725 | €94,313 | -€8,413 | -8.2% |
| Operating profit (loss) | 9901 | €87,032 | €78,605 | -€8,427 | -9.7% |
| Financial income | 75/76B | €9,404 | €572 | -€8,832 | -93.9% |
| Recurring financial income | 75 | €9,404 | €572 | -€8,832 | -93.9% |
| Financial charges | 65/66B | €7,713 | €7,174 | -€539 | -7.0% |
| Recurring financial charges | 65 | €7,713 | €7,174 | -€539 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €88,723 | €72,003 | -€16,720 | -18.8% |
| Income taxes | 67/77 | €25,003 | €23,797 | -€1,206 | -4.8% |
| Profit (loss) for the period | 9904 | €63,720 | €48,206 | -€15,514 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,720 | €48,206 | -€15,514 | -24.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.