VECTOR: 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.
VECTOR
Largest movements
- Receivables within one year -€10,638
down €10,638 (-38.7%), from €27,483 to €16,845
of which Other amounts receivable: -€14,097
- Tangible fixed assets +€3,021
up €3,021 (+66.9%), from €4,514 to €7,535
of which Land and buildings: +€3,313
- Cash +€1,687
up €1,687 (+9.4%), from €17,917 to €19,604
mainly Net result for the year (+€12,295) and Receivables within one year (+€10,638)
- Profit (loss) carried forward +€12,295
up €12,295 (+375%), from €3,276 to €15,571
- Other debts -€11,829
down €11,829 (-100%), from €11,829 to €0
- Tax, wage and social debts -€4,469
down €4,469 (-65.5%), from €6,825 to €2,356
- Trade debts -€2,406
down €2,406 (-79.1%), from €3,043 to €637
- Gross operating margin -€7,686
down €7,686 (-27.9%), from €27,582 to €19,896
- Taxes -€2,131
down €2,131 (-43.0%), from €4,952 to €2,822
- Financial charges -€642
down €642 (-24.5%), from €2,619 to €1,977
- Financial income -€544
down €544 (-85.5%), from €636 to €92
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 | €50,958 | €44,548 | -€6,410 | -12.6% |
| Fixed assets | 21/28 | €4,514 | €7,535 | +€3,021 | +66.9% |
| Tangible fixed assets | 22/27 | €4,514 | €7,535 | +€3,021 | +66.9% |
| Land and buildings | 22 | - | €3,313 | +€3,313 | |
| Plant, machinery and equipment | 23 | €3,835 | €3,374 | -€461 | -12.0% |
| Furniture and vehicles | 24 | €679 | €848 | +€169 | +25.0% |
| Current assets | 29/58 | €46,444 | €37,013 | -€9,431 | -20.3% |
| Amounts receivable within one year | 40/41 | €27,483 | €16,845 | -€10,638 | -38.7% |
| Trade receivables | 40 | €9,724 | €13,183 | +€3,459 | +35.6% |
| Other amounts receivable | 41 | €17,760 | €3,662 | -€14,097 | -79.4% |
| Cash at bank and in hand | 54/58 | €17,917 | €19,604 | +€1,687 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,044 | €564 | -€480 | -46.0% |
| Total equity and liabilities | 10/49 | €50,958 | €44,548 | -€6,410 | -12.6% |
| Equity | 10/15 | €29,261 | €41,555 | +€12,295 | +42.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,392 | €7,392 | = | 0.0% |
| Distributable reserves | 133 | €7,392 | €7,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,276 | €15,571 | +€12,295 | +375% |
| Amounts payable | 17/49 | €21,697 | €2,993 | -€18,705 | -86.2% |
| Amounts payable within one year | 42/48 | €21,697 | €2,993 | -€18,705 | -86.2% |
| Trade debts | 44 | €3,043 | €637 | -€2,406 | -79.1% |
| Suppliers | 440/4 | €3,043 | €637 | -€2,406 | -79.1% |
| Taxes, remuneration and social security | 45 | €6,825 | €2,356 | -€4,469 | -65.5% |
| Taxes | 450/3 | €6,825 | €2,356 | -€4,469 | -65.5% |
| Other amounts payable | 47/48 | €11,829 | €0 | -€11,829 | -100% |
| Non-recurring operating income | 76A | €15,269 | €15,000 | -€269 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,538 | €1,659 | +€121 | +7.9% |
| Other operating charges | 640/8 | €962 | €836 | -€126 | -13.1% |
| Non-recurring operating charges | 66A | €1,248 | €399 | -€849 | -68.1% |
| Gross operating margin | 9900 | €27,582 | €19,896 | -€7,686 | -27.9% |
| Operating profit (loss) | 9901 | €23,834 | €17,001 | -€6,833 | -28.7% |
| Financial income | 75/76B | €636 | €92 | -€544 | -85.5% |
| Recurring financial income | 75 | €636 | €92 | -€544 | -85.5% |
| Financial charges | 65/66B | €2,619 | €1,977 | -€642 | -24.5% |
| Recurring financial charges | 65 | €2,619 | €1,977 | -€642 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €21,851 | €15,116 | -€6,735 | -30.8% |
| Income taxes | 67/77 | €4,952 | €2,822 | -€2,131 | -43.0% |
| Profit (loss) for the period | 9904 | €16,899 | €12,295 | -€4,605 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,899 | €12,295 | -€4,605 | -27.2% |
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 15 October 2026 via checked.be.