VECTOR CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets -€127,981
down €127,981 (-9.0%), from €1.4m to €1.3m
of which Land and buildings: -€129,404
- Receivables within one year -€32,520
down €32,520 (-62.1%), from €52,408 to €19,887
of which Trade receivables: -€28,980
- Other debts -€160,508
down €160,508 (-62.8%), from €255,743 to €95,235
- Reserves +€65,141
up €65,141 (+43.8%), from €148,595 to €213,736
of which Tax-exempt reserves: +€79,642
- Debts after one year -€42,179
down €42,179 (-4.5%), from €930,423 to €888,244
- Provisions +€26,590
up €26,590 (+632.7%), from €4,202 to €30,792
- Trade debts -€23,161
down €23,161 (-69.6%), from €33,266 to €10,105
- Gross operating margin +€96,669
up €96,669 (+70.9%), from €136,299 to €232,968
- Depreciation -€12,999
down €12,999 (-15.4%), from €84,239 to €71,240
- Taxes +€9,574
up €9,574 (+167.3%), from €5,722 to €15,296
- Financial charges +€6,608
up €6,608 (+22.0%), from €29,993 to €36,602
- Financial income +€3,554
up €3,554 (+2035.3%), from €175 to €3,729
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 | €1,480,426 | €1,330,004 | -€150,421 | -10.2% |
| Fixed assets | 21/28 | €1,417,130 | €1,289,149 | -€127,981 | -9.0% |
| Tangible fixed assets | 22/27 | €1,417,130 | €1,289,149 | -€127,981 | -9.0% |
| Land and buildings | 22 | €1,406,901 | €1,277,496 | -€129,404 | -9.2% |
| Plant, machinery and equipment | 23 | €10,230 | €11,653 | +€1,423 | +13.9% |
| Current assets | 29/58 | €63,295 | €40,855 | -€22,440 | -35.5% |
| Amounts receivable within one year | 40/41 | €52,408 | €19,887 | -€32,520 | -62.1% |
| Trade receivables | 40 | €28,980 | - | -€28,980 | |
| Other amounts receivable | 41 | €23,428 | €19,887 | -€3,540 | -15.1% |
| Cash at bank and in hand | 54/58 | €7,820 | €16,918 | +€9,098 | +116.4% |
| Deferred charges and accrued income | 490/1 | €3,068 | €4,050 | +€982 | +32.0% |
| Total equity and liabilities | 10/49 | €1,480,426 | €1,330,004 | -€150,421 | -10.2% |
| Equity | 10/15 | €169,104 | €233,635 | +€64,531 | +38.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €148,595 | €213,736 | +€65,141 | +43.8% |
| Tax-exempt reserves | 132 | €16,809 | €96,451 | +€79,642 | +473.8% |
| Distributable reserves | 133 | €131,786 | €117,285 | -€14,501 | -11.0% |
| Profit (loss) carried forward | 14 | €1,959 | €1,349 | -€610 | -31.1% |
| Provisions and deferred taxes | 16 | €4,202 | €30,792 | +€26,590 | +632.7% |
| Deferred taxes | 168 | €4,202 | €30,792 | +€26,590 | +632.7% |
| Amounts payable | 17/49 | €1,307,120 | €1,065,577 | -€241,542 | -18.5% |
| Amounts payable after more than one year | 17 | €930,423 | €888,244 | -€42,179 | -4.5% |
| Financial debts | 170/4 | €930,423 | €888,244 | -€42,179 | -4.5% |
| Amounts payable within one year | 42/48 | €376,697 | €177,334 | -€199,363 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €65,471 | €56,548 | -€8,923 | -13.6% |
| Trade debts | 44 | €33,266 | €10,105 | -€23,161 | -69.6% |
| Suppliers | 440/4 | €33,266 | €10,105 | -€23,161 | -69.6% |
| Taxes, remuneration and social security | 45 | €22,218 | €15,446 | -€6,772 | -30.5% |
| Taxes | 450/3 | €22,218 | €15,446 | -€6,772 | -30.5% |
| Other amounts payable | 47/48 | €255,743 | €95,235 | -€160,508 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,239 | €71,240 | -€12,999 | -15.4% |
| Other operating charges | 640/8 | €8,535 | €7,936 | -€599 | -7.0% |
| Gross operating margin | 9900 | €136,299 | €232,968 | +€96,669 | +70.9% |
| Operating profit (loss) | 9901 | €43,524 | €153,791 | +€110,267 | +253.3% |
| Financial income | 75/76B | €175 | €3,729 | +€3,554 | +2035.3% |
| Recurring financial income | 75 | €175 | €3,729 | +€3,554 | +2035.3% |
| Financial charges | 65/66B | €29,993 | €36,602 | +€6,608 | +22.0% |
| Recurring financial charges | 65 | €29,993 | €36,602 | +€6,608 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €13,706 | €120,918 | +€107,212 | +782.2% |
| Transfer from deferred taxes | 780 | - | €127 | +€127 | |
| Transfer to deferred taxes | 680 | - | €26,717 | +€26,717 | |
| Income taxes | 67/77 | €5,722 | €15,296 | +€9,574 | +167.3% |
| Profit (loss) for the period | 9904 | €7,984 | €79,032 | +€71,049 | +889.9% |
| Transfer from tax-exempt reserves | 789 | - | €509 | +€509 | |
| Transfer to tax-exempt reserves | 689 | - | €80,151 | +€80,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,984 | -€610 | -€8,593 |
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.