VECTOR BROSS: 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.
VECTOR BROSS
Largest movements
- Receivables within one year +€80,759
up €80,759 (+114.5%), from €70,551 to €151,311
of which Trade receivables: +€76,066
- Current investments +€75,007
up €75,007, from €0 to €75,007
- Intangible fixed assets -€48,245
down €48,245 (-39.5%), from €122,050 to €73,805
- Cash -€43,801
down €43,801 (-47.3%), from €92,691 to €48,891
mainly Receivables within one year (-€80,759) and Current investments (-€75,007)
- Deferred charges and accrued income -€22,320
down €22,320 (-82.6%), from €27,016 to €4,696
- Tax, wage and social debts -€52,587
down €52,587 (-32.9%), from €159,871 to €107,284
of which Remuneration and social security: -€44,213
- Trade debts +€50,719
up €50,719 (+102.4%), from €49,509 to €100,228
- Profit (loss) carried forward +€41,092
up €41,092 (+45.4%), from -€90,463 to -€49,372
- Other debts +€24,797
up €24,797 (+6172.6%), from €402 to €25,199
- Current portion of long-term debt -€22,904
down €22,904 (-29.1%), from €78,837 to €55,933
- Staff costs -€115,226
down €115,226 (-20.3%), from €568,579 to €453,353
- Gross operating margin +€19,651
up €19,651 (+3.6%), from €543,934 to €563,585
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 | €318,602 | €363,048 | +€44,447 | +14.0% |
| Fixed assets | 21/28 | €128,343 | €83,144 | -€45,199 | -35.2% |
| Intangible fixed assets | 21 | €122,050 | €73,805 | -€48,245 | -39.5% |
| Tangible fixed assets | 22/27 | €1,235 | €4,281 | +€3,046 | +246.6% |
| Furniture and vehicles | 24 | €1,235 | €4,281 | +€3,046 | +246.6% |
| Financial fixed assets | 28 | €5,058 | €5,058 | = | 0.0% |
| Current assets | 29/58 | €190,259 | €279,904 | +€89,645 | +47.1% |
| Amounts receivable within one year | 40/41 | €70,551 | €151,311 | +€80,759 | +114.5% |
| Trade receivables | 40 | €55,309 | €131,375 | +€76,066 | +137.5% |
| Other amounts receivable | 41 | €15,243 | €19,936 | +€4,693 | +30.8% |
| Current investments | 50/53 | €0 | €75,007 | +€75,007 | |
| Cash at bank and in hand | 54/58 | €92,691 | €48,891 | -€43,801 | -47.3% |
| Deferred charges and accrued income | 490/1 | €27,016 | €4,696 | -€22,320 | -82.6% |
| Total equity and liabilities | 10/49 | €318,602 | €363,048 | +€44,447 | +14.0% |
| Equity | 10/15 | -€9,623 | €31,468 | +€41,092 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €74,540 | €74,540 | = | 0.0% |
| Distributable reserves | 133 | €74,540 | €74,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,463 | -€49,372 | +€41,092 | +45.4% |
| Amounts payable | 17/49 | €328,225 | €331,580 | +€3,355 | +1.0% |
| Amounts payable within one year | 42/48 | €296,401 | €295,700 | -€701 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €78,837 | €55,933 | -€22,904 | -29.1% |
| Financial debts | 43 | €7,782 | €7,055 | -€727 | -9.3% |
| Credit institutions | 430/8 | €7,782 | €7,055 | -€727 | -9.3% |
| Trade debts | 44 | €49,509 | €100,228 | +€50,719 | +102.4% |
| Suppliers | 440/4 | €49,509 | €100,228 | +€50,719 | +102.4% |
| Taxes, remuneration and social security | 45 | €159,871 | €107,284 | -€52,587 | -32.9% |
| Taxes | 450/3 | €37,500 | €29,127 | -€8,374 | -22.3% |
| Remuneration and social security | 454/9 | €122,371 | €78,157 | -€44,213 | -36.1% |
| Other amounts payable | 47/48 | €402 | €25,199 | +€24,797 | +6172.6% |
| Accrued charges and deferred income | 492/3 | €31,824 | €35,880 | +€4,056 | +12.7% |
| Remuneration, social security and pensions | 62 | €568,579 | €453,353 | -€115,226 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,245 | €30,365 | +€2,120 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €769 | +€769 | |
| Other operating charges | 640/8 | €4,757 | €1,602 | -€3,155 | -66.3% |
| Non-recurring operating charges | 66A | - | €25,889 | +€25,889 | |
| Gross operating margin | 9900 | €543,934 | €563,585 | +€19,651 | +3.6% |
| Operating profit (loss) | 9901 | -€57,646 | €51,607 | +€109,253 | |
| Financial income | 75/76B | €1,925 | €22 | -€1,903 | -98.8% |
| Recurring financial income | 75 | €1,925 | €22 | -€1,903 | -98.8% |
| Financial charges | 65/66B | €7,944 | €8,039 | +€95 | +1.2% |
| Recurring financial charges | 65 | €7,944 | €8,039 | +€95 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€63,665 | €43,590 | +€107,255 | |
| Income taxes | 67/77 | €641 | €2,499 | +€1,858 | +289.9% |
| Profit (loss) for the period | 9904 | -€64,306 | €41,092 | +€105,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,306 | €41,092 | +€105,397 |
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 29 September 2026 via checked.be.