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
- Current investments -€193,333
down €193,333 (-69.0%), from €280,000 to €86,667
- Cash +€171,044
up €171,044 (+213.2%), from €80,219 to €251,263
mainly Current investments (+€193,333) and Other debts (+€63,736)
- Tangible fixed assets -€12,057
down €12,057 (-40.8%), from €29,564 to €17,507
of which Furniture and vehicles: -€12,057
- Receivables within one year +€11,699
up €11,699 (+42.3%), from €27,687 to €39,386
of which Other amounts receivable: +€8,467
- Reserves -€110,860
down €110,860 (-48.5%), from €228,702 to €117,841
of which Distributable reserves: -€110,860
- Other debts +€63,736
up €63,736 (+53.2%), from €119,738 to €183,474
- Tax, wage and social debts +€22,183
up €22,183 (+386.9%), from €5,733 to €27,916
- Gross operating margin +€14,905
up €14,905 (+22.2%), from €67,262 to €82,167
- Taxes +€7,104
up €7,104 (+51.5%), from €13,802 to €20,906
- Other operating charges -€2,780
down €2,780 (-71.3%), from €3,898 to €1,118
- Financial income +€2,713
up €2,713 (+116.8%), from €2,322 to €5,035
- Depreciation -€1,519
down €1,519 (-11.2%), from €13,576 to €12,057
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 | €424,262 | €398,585 | -€25,677 | -6.1% |
| Fixed assets | 21/28 | €32,364 | €20,307 | -€12,057 | -37.3% |
| Tangible fixed assets | 22/27 | €29,564 | €17,507 | -€12,057 | -40.8% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €29,564 | €17,507 | -€12,057 | -40.8% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €391,898 | €378,277 | -€13,620 | -3.5% |
| Amounts receivable within one year | 40/41 | €27,687 | €39,386 | +€11,699 | +42.3% |
| Trade receivables | 40 | €11,051 | €14,283 | +€3,232 | +29.2% |
| Other amounts receivable | 41 | €16,635 | €25,103 | +€8,467 | +50.9% |
| Current investments | 50/53 | €280,000 | €86,667 | -€193,333 | -69.0% |
| Cash at bank and in hand | 54/58 | €80,219 | €251,263 | +€171,044 | +213.2% |
| Deferred charges and accrued income | 490/1 | €3,992 | €962 | -€3,030 | -75.9% |
| Total equity and liabilities | 10/49 | €424,262 | €398,585 | -€25,677 | -6.1% |
| Equity | 10/15 | €290,202 | €179,341 | -€110,860 | -38.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €228,702 | €117,841 | -€110,860 | -48.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €222,502 | €111,641 | -€110,860 | -49.8% |
| Amounts payable | 17/49 | €134,060 | €219,243 | +€85,183 | +63.5% |
| Amounts payable within one year | 42/48 | €128,101 | €215,339 | +€87,237 | +68.1% |
| Trade debts | 44 | €2,630 | €3,949 | +€1,318 | +50.1% |
| Suppliers | 440/4 | €2,630 | €3,949 | +€1,318 | +50.1% |
| Taxes, remuneration and social security | 45 | €5,733 | €27,916 | +€22,183 | +386.9% |
| Taxes | 450/3 | €5,733 | €27,916 | +€22,183 | +386.9% |
| Other amounts payable | 47/48 | €119,738 | €183,474 | +€63,736 | +53.2% |
| Accrued charges and deferred income | 492/3 | €5,959 | €3,905 | -€2,054 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,576 | €12,057 | -€1,519 | -11.2% |
| Other operating charges | 640/8 | €3,898 | €1,118 | -€2,780 | -71.3% |
| Gross operating margin | 9900 | €67,262 | €82,167 | +€14,905 | +22.2% |
| Operating profit (loss) | 9901 | €49,788 | €68,992 | +€19,204 | +38.6% |
| Financial income | 75/76B | €2,322 | €5,035 | +€2,713 | +116.8% |
| Recurring financial income | 75 | €2,322 | €5,035 | +€2,713 | +116.8% |
| Financial charges | 65/66B | €5,098 | €4,095 | -€1,003 | -19.7% |
| Recurring financial charges | 65 | €5,098 | €4,095 | -€1,003 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €47,013 | €69,933 | +€22,920 | +48.8% |
| Income taxes | 67/77 | €13,802 | €20,906 | +€7,104 | +51.5% |
| Profit (loss) for the period | 9904 | €33,211 | €49,027 | +€15,816 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,211 | €49,027 | +€15,816 | +47.6% |
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 12 October 2026 via checked.be.