VECTURA: 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.
VECTURA
Largest movements
- Tangible fixed assets +€91,201
up €91,201 (+161%), from €56,518 to €147,719
- Financial fixed assets -€5,000
down €5,000 (-20.5%), from €24,405 to €19,405
- Cash -€3,168
down €3,168 (-34.6%), from €9,169 to €6,001
mainly Investment in fixed assets (net) (-€134,327) and Trade debts (-€19,476)
- Profit (loss) carried forward +€68,012
up €68,012 (+13.7%), from -€496,091 to -€428,079
- Debts after one year +€51,140
up €51,140 (+11.2%), from €455,260 to €506,400
- Trade debts -€19,476
down €19,476 (-82.3%), from €23,663 to €4,187
- Tax, wage and social debts -€15,033
down €15,033 (-42.2%), from €35,657 to €20,624
of which Remuneration and social security: -€15,437
- Staff costs -€58,491
down €58,491 (-33.7%), from €173,571 to €115,080
- Depreciation +€21,631
up €21,631 (+81.6%), from €26,496 to €48,127
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,672 | €195,315 | +€84,643 | +76.5% |
| Fixed assets | 21/28 | €80,923 | €167,124 | +€86,201 | +107% |
| Tangible fixed assets | 22/27 | €56,518 | €147,719 | +€91,201 | +161% |
| Furniture and vehicles | 24 | €56,518 | €147,719 | +€91,201 | +161% |
| Financial fixed assets | 28 | €24,405 | €19,405 | -€5,000 | -20.5% |
| Current assets | 29/58 | €29,749 | €28,191 | -€1,558 | -5.2% |
| Amounts receivable within one year | 40/41 | €16,965 | €18,499 | +€1,535 | +9.0% |
| Trade receivables | 40 | €16,965 | €18,499 | +€1,535 | +9.0% |
| Cash at bank and in hand | 54/58 | €9,169 | €6,001 | -€3,168 | -34.6% |
| Deferred charges and accrued income | 490/1 | €3,615 | €3,691 | +€76 | +2.1% |
| Total equity and liabilities | 10/49 | €110,672 | €195,315 | +€84,643 | +76.5% |
| Equity | 10/15 | -€403,907 | -€335,895 | +€68,012 | +16.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €30,183 | €30,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €23,983 | €23,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€496,091 | -€428,079 | +€68,012 | +13.7% |
| Amounts payable | 17/49 | €514,579 | €531,210 | +€16,631 | +3.2% |
| Amounts payable after more than one year | 17 | €455,260 | €506,400 | +€51,140 | +11.2% |
| Other amounts payable | 178/9 | €455,260 | €506,400 | +€51,140 | +11.2% |
| Amounts payable within one year | 42/48 | €59,319 | €24,810 | -€34,509 | -58.2% |
| Trade debts | 44 | €23,663 | €4,187 | -€19,476 | -82.3% |
| Suppliers | 440/4 | €23,663 | €4,187 | -€19,476 | -82.3% |
| Taxes, remuneration and social security | 45 | €35,657 | €20,624 | -€15,033 | -42.2% |
| Taxes | 450/3 | €1,407 | €1,811 | +€404 | +28.7% |
| Remuneration and social security | 454/9 | €34,250 | €18,813 | -€15,437 | -45.1% |
| Non-recurring operating income | 76A | €9,000 | €5,950 | -€3,050 | -33.9% |
| Remuneration, social security and pensions | 62 | €173,571 | €115,080 | -€58,491 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,496 | €48,127 | +€21,631 | +81.6% |
| Other operating charges | 640/8 | €10,814 | €8,631 | -€2,183 | -20.2% |
| Gross operating margin | 9900 | €242,000 | €240,115 | -€1,886 | -0.8% |
| Operating profit (loss) | 9901 | €31,119 | €68,276 | +€37,157 | +119% |
| Financial income | 75/76B | €0 | €176 | +€176 | |
| Recurring financial income | 75 | €0 | €176 | +€176 | |
| Financial charges | 65/66B | €163 | €441 | +€278 | +170% |
| Recurring financial charges | 65 | €163 | €441 | +€278 | +170% |
| Profit (loss) for the period before taxes | 9903 | €30,956 | €68,012 | +€37,056 | +120% |
| Profit (loss) for the period | 9904 | €30,956 | €68,012 | +€37,056 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €30,956 | €68,012 | +€37,056 | +120% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.