VECTRO: 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.
VECTRO
Largest movements
- Cash +€115,335
up €115,335 (+630.4%), from €18,295 to €133,630
mainly Net result for the year (+€152,768) and Tax, wage and social debts (+€49,485)
- Current investments +€110,002
new in 2025: €110,002
- Receivables within one year -€23,215
down €23,215 (-48.0%), from €48,370 to €25,155
- Profit (loss) carried forward +€151,102
up €151,102 (+402.2%), from €37,570 to €188,672
- Tax, wage and social debts +€49,485
up €49,485 (+217.3%), from €22,769 to €72,254
- Gross operating margin +€154,722
up €154,722 (+307.9%), from €50,255 to €204,977
- Taxes +€36,434
up €36,434 (+366.3%), from €9,947 to €46,381
- Financial charges +€3,424
new in 2025: €3,424
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 | €69,068 | €269,244 | +€200,176 | +289.8% |
| Formation expenses | 20 | €2,404 | €0 | -€2,404 | -100.0% |
| Current assets | 29/58 | €66,664 | €269,244 | +€202,580 | +303.9% |
| Amounts receivable within one year | 40/41 | €48,370 | €25,155 | -€23,215 | -48.0% |
| Trade receivables | 40 | €48,370 | €25,155 | -€23,215 | -48.0% |
| Current investments | 50/53 | - | €110,002 | +€110,002 | |
| Cash at bank and in hand | 54/58 | €18,295 | €133,630 | +€115,335 | +630.4% |
| Deferred charges and accrued income | 490/1 | - | €458 | +€458 | |
| Total equity and liabilities | 10/49 | €69,068 | €269,244 | +€200,176 | +289.8% |
| Equity | 10/15 | €42,570 | €193,672 | +€151,102 | +354.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,570 | €188,672 | +€151,102 | +402.2% |
| Amounts payable | 17/49 | €26,498 | €75,573 | +€49,074 | +185.2% |
| Amounts payable within one year | 42/48 | €25,735 | €75,573 | +€49,838 | +193.7% |
| Trade debts | 44 | €7 | €211 | +€204 | +2903.6% |
| Suppliers | 440/4 | €7 | €211 | +€204 | +2903.6% |
| Taxes, remuneration and social security | 45 | €22,769 | €72,254 | +€49,485 | +217.3% |
| Taxes | 450/3 | €22,769 | €72,254 | +€49,485 | +217.3% |
| Other amounts payable | 47/48 | €2,958 | €3,107 | +€149 | +5.0% |
| Accrued charges and deferred income | 492/3 | €764 | €0 | -€764 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €2,404 | +€1,761 | +274.1% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €50,255 | €204,977 | +€154,722 | +307.9% |
| Operating profit (loss) | 9901 | €49,225 | €202,573 | +€153,348 | +311.5% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.7% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.7% |
| Financial charges | 65/66B | - | €3,424 | +€3,424 | |
| Recurring financial charges | 65 | - | €3,424 | +€3,424 | |
| Profit (loss) for the period before taxes | 9903 | €49,235 | €199,149 | +€149,914 | +304.5% |
| Income taxes | 67/77 | €9,947 | €46,381 | +€36,434 | +366.3% |
| Profit (loss) for the period | 9904 | €39,288 | €152,768 | +€113,480 | +288.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,288 | €152,768 | +€113,480 | +288.8% |
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 7 October 2026 via checked.be.