VECTRIS: what changed
VECTRIS
Largest movements
- Cash -€117,458
down €117,458 (-90.0%), from €130,452 to €12,994
mainly Receivables within one year (-€72,306) and Net result for the year (-€65,810)
- Receivables within one year +€72,306
up €72,306 (+6.9%), from €1.0m to €1.1m
of which Other amounts receivable: +€42,911
- Stocks and contracts -€52,593
down €52,593 (-10.9%), from €484,172 to €431,579
- Profit (loss) carried forward -€65,810
down €65,810 (-14.7%), from €446,651 to €380,841
- Trade debts -€39,371
down €39,371 (-21.2%), from €185,486 to €146,115
- Accrued charges and deferred income +€20,684
up €20,684 (+657%), from €3,150 to €23,834
- Tax, wage and social debts -€18,137
down €18,137 (-7.5%), from €242,437 to €224,299
of which Remuneration and social security: -€47,282
- Other debts -€17,518
down €17,518 (-62.8%), from €27,896 to €10,379
- Gross operating margin -€395,179
down €395,179 (-31.9%), from €1.2m to €845,116
- Staff costs -€78,599
down €78,599 (-8.1%), from €975,446 to €896,847
- Taxes -€71,390
down €71,390 (-99.9%), from €71,465 to €75
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,691,605 | €1,580,005 | -€111,600 | -6.6% |
| Fixed assets | 21/28 | €21,505 | €12,470 | -€9,035 | -42.0% |
| Tangible fixed assets | 22/27 | €20,576 | €11,541 | -€9,035 | -43.9% |
| Plant, machinery and equipment | 23 | €19,603 | €9,644 | -€9,958 | -50.8% |
| Furniture and vehicles | 24 | €973 | €1,897 | +€924 | +94.9% |
| Financial fixed assets | 28 | €929 | €929 | = | 0.0% |
| Current assets | 29/58 | €1,670,100 | €1,567,534 | -€102,565 | -6.1% |
| Stocks and contracts in progress | 3 | €484,172 | €431,579 | -€52,593 | -10.9% |
| Contracts in progress | 37 | €484,172 | €431,579 | -€52,593 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,044,650 | €1,116,955 | +€72,306 | +6.9% |
| Trade receivables | 40 | €879,486 | €908,881 | +€29,395 | +3.3% |
| Other amounts receivable | 41 | €165,164 | €208,075 | +€42,911 | +26.0% |
| Cash at bank and in hand | 54/58 | €130,452 | €12,994 | -€117,458 | -90.0% |
| Deferred charges and accrued income | 490/1 | €10,826 | €6,006 | -€4,820 | -44.5% |
| Total equity and liabilities | 10/49 | €1,691,605 | €1,580,005 | -€111,600 | -6.6% |
| Equity | 10/15 | €1,185,631 | €1,119,821 | -€65,810 | -5.6% |
| Contributions | 10/11 | €327,500 | €327,500 | = | 0.0% |
| Reserves | 13 | €411,480 | €411,480 | = | 0.0% |
| Distributable reserves | 133 | €411,480 | €411,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €446,651 | €380,841 | -€65,810 | -14.7% |
| Amounts payable | 17/49 | €505,974 | €460,184 | -€45,790 | -9.0% |
| Amounts payable within one year | 42/48 | €502,824 | €436,350 | -€66,474 | -13.2% |
| Financial debts | 43 | €47,005 | €55,557 | +€8,552 | +18.2% |
| Other loans | 439 | €47,005 | €55,557 | +€8,552 | +18.2% |
| Trade debts | 44 | €185,486 | €146,115 | -€39,371 | -21.2% |
| Suppliers | 440/4 | €185,486 | €146,115 | -€39,371 | -21.2% |
| Taxes, remuneration and social security | 45 | €242,437 | €224,299 | -€18,137 | -7.5% |
| Taxes | 450/3 | €48,755 | €77,900 | +€29,145 | +59.8% |
| Remuneration and social security | 454/9 | €193,682 | €146,400 | -€47,282 | -24.4% |
| Other amounts payable | 47/48 | €27,896 | €10,379 | -€17,518 | -62.8% |
| Accrued charges and deferred income | 492/3 | €3,150 | €23,834 | +€20,684 | +657% |
| Remuneration, social security and pensions | 62 | €975,446 | €896,847 | -€78,599 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,771 | €17,756 | -€1,016 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,774 | -€11,774 | |
| Other operating charges | 640/8 | €1,240 | €1,265 | +€25 | +2.0% |
| Gross operating margin | 9900 | €1,240,295 | €845,116 | -€395,179 | -31.9% |
| Operating profit (loss) | 9901 | €244,838 | -€58,978 | -€303,816 | |
| Financial income | 75/76B | €4,530 | €911 | -€3,619 | -79.9% |
| Recurring financial income | 75 | €4,530 | €911 | -€3,619 | -79.9% |
| Financial charges | 65/66B | €7,900 | €7,668 | -€232 | -2.9% |
| Recurring financial charges | 65 | €7,900 | €7,668 | -€232 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €241,468 | -€65,735 | -€307,203 | |
| Income taxes | 67/77 | €71,465 | €75 | -€71,390 | -99.9% |
| Profit (loss) for the period | 9904 | €170,003 | -€65,810 | -€235,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,003 | -€65,810 | -€235,813 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.