VECTURIS: 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.
VECTURIS
Largest movements
- Cash -€378,222
down €378,222 (-38.6%), from €981,027 to €602,805
mainly Investment in fixed assets (net) (-€336,752) and Receivables within one year (-€196,884)
- Tangible fixed assets +€229,079
up €229,079 (+43.8%), from €523,149 to €752,228
of which Land and buildings: +€248,284
- Receivables within one year +€196,884
up €196,884 (+8.0%), from €2.5m to €2.7m
of which Trade receivables: +€213,470
- Deferred charges and accrued income +€85,856
up €85,856 (+556%), from €15,443 to €101,298
- Financial fixed assets +€62,718
up €62,718 (+62.1%), from €100,978 to €163,697
- Reserves +€261,925
up €261,925 (+253%), from €103,707 to €365,633
of which Tax-exempt reserves: +€261,925
- Trade debts -€124,043
down €124,043 (-40.9%), from €303,622 to €179,578
- Other debts -€99,802
down €99,802 (-99.5%), from €100,318 to €517
- Provisions +€81,147
new in 2025: €81,147
- Profit (loss) carried forward +€74,211
up €74,211 (+3.2%), from €2.3m to €2.4m
- Gross operating margin +€440,575
up €440,575 (+72.3%), from €609,061 to €1.0m
- Financial charges +€80,638
up €80,638 (+728%), from €11,073 to €91,711
- Staff costs +€64,278
up €64,278 (+16.3%), from €395,320 to €459,597
- Taxes -€19,510
down €19,510 (-44.3%), from €44,040 to €24,530
- Financial income -€11,664
down €11,664 (-92.6%), from €12,592 to €929
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.
Derived cash bridge
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 | €4,096,620 | €4,292,935 | +€196,315 | +4.8% |
| Fixed assets | 21/28 | €624,128 | €915,925 | +€291,797 | +46.8% |
| Tangible fixed assets | 22/27 | €523,149 | €752,228 | +€229,079 | +43.8% |
| Land and buildings | 22 | €455,541 | €703,824 | +€248,284 | +54.5% |
| Plant, machinery and equipment | 23 | €36,151 | €30,776 | -€5,376 | -14.9% |
| Furniture and vehicles | 24 | €31,457 | €17,628 | -€13,829 | -44.0% |
| Financial fixed assets | 28 | €100,978 | €163,697 | +€62,718 | +62.1% |
| Current assets | 29/58 | €3,472,493 | €3,377,011 | -€95,482 | -2.7% |
| Amounts receivable within one year | 40/41 | €2,476,023 | €2,672,907 | +€196,884 | +8.0% |
| Trade receivables | 40 | €2,384,764 | €2,598,234 | +€213,470 | +9.0% |
| Other amounts receivable | 41 | €91,259 | €74,673 | -€16,586 | -18.2% |
| Cash at bank and in hand | 54/58 | €981,027 | €602,805 | -€378,222 | -38.6% |
| Deferred charges and accrued income | 490/1 | €15,443 | €101,298 | +€85,856 | +556% |
| Total equity and liabilities | 10/49 | €4,096,620 | €4,292,935 | +€196,315 | +4.8% |
| Equity | 10/15 | €3,426,999 | €3,763,136 | +€336,136 | +9.8% |
| Contributions | 10/11 | €1,037,073 | €1,037,073 | = | 0.0% |
| Capital | 10 | €1,037,073 | €1,037,073 | = | 0.0% |
| Issued capital | 100 | €1,037,073 | €1,037,073 | = | 0.0% |
| Reserves | 13 | €103,707 | €365,633 | +€261,925 | +253% |
| Non-distributable reserves | 130/1 | €103,707 | €103,707 | = | 0.0% |
| Legal reserve | 130 | €103,707 | €103,707 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €261,925 | +€261,925 | |
| Profit (loss) carried forward | 14 | €2,286,219 | €2,360,431 | +€74,211 | +3.2% |
| Provisions and deferred taxes | 16 | - | €81,147 | +€81,147 | |
| Deferred taxes | 168 | - | €81,147 | +€81,147 | |
| Amounts payable | 17/49 | €669,621 | €448,653 | -€220,968 | -33.0% |
| Amounts payable after more than one year | 17 | €45,098 | €23,113 | -€21,985 | -48.7% |
| Financial debts | 170/4 | €45,098 | €23,113 | -€21,985 | -48.7% |
| Amounts payable within one year | 42/48 | €520,357 | €282,777 | -€237,580 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €20,912 | €19,808 | -€1,104 | -5.3% |
| Trade debts | 44 | €303,622 | €179,578 | -€124,043 | -40.9% |
| Suppliers | 440/4 | €303,622 | €179,578 | -€124,043 | -40.9% |
| Taxes, remuneration and social security | 45 | €95,505 | €82,874 | -€12,631 | -13.2% |
| Taxes | 450/3 | €33,500 | €25,566 | -€7,934 | -23.7% |
| Remuneration and social security | 454/9 | €62,005 | €57,308 | -€4,697 | -7.6% |
| Other amounts payable | 47/48 | €100,318 | €517 | -€99,802 | -99.5% |
| Accrued charges and deferred income | 492/3 | €104,167 | €142,763 | +€38,596 | +37.1% |
| Non-recurring operating income | 76A | €3,513 | €360,473 | +€356,960 | +10,160% |
| Remuneration, social security and pensions | 62 | €395,320 | €459,597 | +€64,278 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,860 | €44,954 | +€10,095 | +29.0% |
| Other operating charges | 640/8 | €21,892 | €12,489 | -€9,403 | -43.0% |
| Gross operating margin | 9900 | €609,061 | €1,049,636 | +€440,575 | +72.3% |
| Operating profit (loss) | 9901 | €156,990 | €532,595 | +€375,605 | +239% |
| Financial income | 75/76B | €12,592 | €929 | -€11,664 | -92.6% |
| Recurring financial income | 75 | €12,592 | €929 | -€11,664 | -92.6% |
| Financial charges | 65/66B | €11,073 | €91,711 | +€80,638 | +728% |
| Recurring financial charges | 65 | €11,073 | €91,711 | +€80,638 | +728% |
| Profit (loss) for the period before taxes | 9903 | €158,509 | €441,813 | +€283,304 | +179% |
| Transfer from deferred taxes | 780 | - | €1,516 | +€1,516 | |
| Transfer to deferred taxes | 680 | - | €82,663 | +€82,663 | |
| Income taxes | 67/77 | €44,040 | €24,530 | -€19,510 | -44.3% |
| Profit (loss) for the period | 9904 | €114,469 | €336,136 | +€221,668 | +194% |
| Transfer from tax-exempt reserves | 789 | - | €6,063 | +€6,063 | |
| Transfer to tax-exempt reserves | 689 | - | €267,988 | +€267,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,469 | €74,211 | -€40,258 | -35.2% |
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 17 October 2026 via checked.be.