Vector+: 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.
What changed
Vector+
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€337,196
2024 · €763,859-€426,663
Equity
€19.0m
2024 · €18.6m+€337,196
Cash
€114,253
2024 · €46,790+€67,463
Balance sheet total
€32.3m
2024 · €32.3m-€37,798
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€524,000
down €524,000 (-4.1%), from €12.7m to €12.2m
- Reserves +€337,196
up €337,196 (+54.5%), from €618,981 to €956,177
Income statement
- Financial income -€429,141
down €429,141 (-35.6%), from €1.2m to €776,230
- Financial charges -€13,392
down €13,392 (-2.5%), from €546,148 to €532,756
- Turnover -€12,292
down €12,292 (-1.1%), from €1.1m to €1.1m
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.
Result 2024
€763,859
Turnover
-€12,292
Services and other goods
+€1,069
Other operating charges
+€309
Financial income
-€429,141
Financial charges
+€13,392
Result 2025
€337,196
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.
From operations
+€591,463
Investment
€0
Financing
-€524,000
Cash 2024
€46,790
From operations (derived)
+€591,463
Net result for the year
+€337,196
Receivables within one year
+€105,260
Trade debts
-€12,419
Tax, wage and social debts
-€3,118
Other debts
+€164,052
Accrued charges and deferred income
+€490
Financing
-€524,000
Debts after one year
-€524,000
Cash 2025
€114,253
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,321,983 | €32,284,185 | -€37,798 | -0.1% |
| Fixed assets | 21/28 | €31,875,984 | €31,875,984 | = | 0.0% |
| Financial fixed assets | 28 | €31,875,984 | €31,875,984 | = | 0.0% |
| Affiliated companies | 280/1 | €31,875,984 | €31,875,984 | = | 0.0% |
| Participating interests | 280 | €31,875,984 | €31,875,984 | = | 0.0% |
| Current assets | 29/58 | €445,999 | €408,201 | -€37,798 | -8.5% |
| Amounts receivable within one year | 40/41 | €399,209 | €293,949 | -€105,260 | -26.4% |
| Trade receivables | 40 | €119,710 | €88,666 | -€31,044 | -25.9% |
| Other amounts receivable | 41 | €279,499 | €205,283 | -€74,217 | -26.6% |
| Cash at bank and in hand | 54/58 | €46,790 | €114,253 | +€67,463 | +144.2% |
| Total equity and liabilities | 10/49 | €32,321,983 | €32,284,185 | -€37,798 | -0.1% |
| Equity | 10/15 | €18,618,981 | €18,956,177 | +€337,196 | +1.8% |
| Contributions | 10/11 | €18,000,000 | €18,000,000 | = | 0.0% |
| Outside capital | 11 | €18,000,000 | €18,000,000 | = | 0.0% |
| Other | 1109/19 | €18,000,000 | €18,000,000 | = | 0.0% |
| Reserves | 13 | €618,981 | €956,177 | +€337,196 | +54.5% |
| Distributable reserves | 133 | €618,981 | €956,177 | +€337,196 | +54.5% |
| Amounts payable | 17/49 | €13,703,002 | €13,328,008 | -€374,994 | -2.7% |
| Amounts payable after more than one year | 17 | €12,722,000 | €12,198,000 | -€524,000 | -4.1% |
| Financial debts | 170/4 | €12,722,000 | €12,198,000 | -€524,000 | -4.1% |
| Subordinated loans | 170 | €5,000,000 | €5,000,000 | = | 0.0% |
| Credit institutions | 173 | €7,722,000 | €7,198,000 | -€524,000 | -6.8% |
| Amounts payable within one year | 42/48 | €649,512 | €798,028 | +€148,516 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €524,000 | €524,000 | = | 0.0% |
| Trade debts | 44 | €120,227 | €107,808 | -€12,419 | -10.3% |
| Suppliers | 440/4 | €120,227 | €107,808 | -€12,419 | -10.3% |
| Taxes, remuneration and social security | 45 | €5,285 | €2,168 | -€3,118 | -59.0% |
| Taxes | 450/3 | €5,285 | €2,168 | -€3,118 | -59.0% |
| Other amounts payable | 47/48 | - | €164,052 | +€164,052 | |
| Accrued charges and deferred income | 492/3 | €331,490 | €331,980 | +€490 | +0.1% |
| Operating income | 70/76A | €1,081,165 | €1,068,873 | -€12,292 | -1.1% |
| Turnover | 70 | €1,081,165 | €1,068,873 | -€12,292 | -1.1% |
| Operating charges | 60/66A | €976,530 | €975,152 | -€1,378 | -0.1% |
| Services and other goods | 61 | €975,595 | €974,527 | -€1,069 | -0.1% |
| Other operating charges | 640/8 | €935 | €625 | -€309 | -33.1% |
| Operating profit (loss) | 9901 | €104,635 | €93,721 | -€10,914 | -10.4% |
| Financial income | 75/76B | €1,205,371 | €776,230 | -€429,141 | -35.6% |
| Recurring financial income | 75 | €1,205,371 | €776,230 | -€429,141 | -35.6% |
| Income from financial fixed assets | 750 | €1,200,000 | €775,000 | -€425,000 | -35.4% |
| Income from current assets | 751 | €5,371 | €1,230 | -€4,141 | -77.1% |
| Financial charges | 65/66B | €546,148 | €532,756 | -€13,392 | -2.5% |
| Recurring financial charges | 65 | €546,148 | €532,756 | -€13,392 | -2.5% |
| Debt charges | 650 | €546,148 | €532,756 | -€13,392 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €763,859 | €337,196 | -€426,663 | -55.9% |
| Profit (loss) for the period | 9904 | €763,859 | €337,196 | -€426,663 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €763,859 | €337,196 | -€426,663 | -55.9% |
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 5 October 2026 via checked.be.