VEGA DECOR: 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.
VEGA DECOR
Largest movements
- Stocks and contracts +€303,956
up €303,956 (+86.3%), from €352,401 to €656,356
- Receivables within one year +€61,857
up €61,857 (+862%), from €7,178 to €69,034
of which Other amounts receivable: +€61,857
- Cash -€17,411
no longer reported in 2025 (was €17,411)
mainly Stocks and contracts (-€303,956) and Receivables within one year (-€61,857)
- Current portion of long-term debt +€169,161
new in 2025: €169,161
- Tax, wage and social debts +€66,083
new in 2025: €66,083
- Other debts +€50,021
up €50,021 (+236%), from €21,202 to €71,222
- Trade debts +€29,816
up €29,816 (+7.9%), from €375,244 to €405,060
- Profit (loss) carried forward +€28,123
up €28,123, from -€15,259 to €12,864
- Gross operating margin -€71,931
down €71,931 (-68.3%), from €105,253 to €33,321
- Financial income -€9,682
no longer reported in 2025 (was €9,682)
- Depreciation -€5,667
down €5,667 (-52.2%), from €10,865 to €5,198
- Other operating charges -€1,126
no longer reported in 2025 (was €1,126)
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 | €402,187 | €745,391 | +€343,204 | +85.3% |
| Fixed assets | 21/28 | €25,198 | €20,000 | -€5,198 | -20.6% |
| Tangible fixed assets | 22/27 | €25,198 | €20,000 | -€5,198 | -20.6% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Furniture and vehicles | 24 | €5,198 | - | -€5,198 | |
| Current assets | 29/58 | €376,989 | €725,391 | +€348,402 | +92.4% |
| Stocks and contracts in progress | 3 | €352,401 | €656,356 | +€303,956 | +86.3% |
| Stocks | 30/36 | €352,401 | €656,356 | +€303,956 | +86.3% |
| Amounts receivable within one year | 40/41 | €7,178 | €69,034 | +€61,857 | +862% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,178 | €69,034 | +€61,857 | +862% |
| Cash at bank and in hand | 54/58 | €17,411 | - | -€17,411 | |
| Total equity and liabilities | 10/49 | €402,187 | €745,391 | +€343,204 | +85.3% |
| Equity | 10/15 | €5,741 | €33,864 | +€28,123 | +490% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,259 | €12,864 | +€28,123 | |
| Amounts payable | 17/49 | €396,446 | €711,526 | +€315,081 | +79.5% |
| Amounts payable within one year | 42/48 | €396,446 | €711,526 | +€315,081 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | - | €169,161 | +€169,161 | |
| Trade debts | 44 | €375,244 | €405,060 | +€29,816 | +7.9% |
| Suppliers | 440/4 | €375,244 | €405,060 | +€29,816 | +7.9% |
| Taxes, remuneration and social security | 45 | - | €66,083 | +€66,083 | |
| Taxes | 450/3 | - | €66,083 | +€66,083 | |
| Other amounts payable | 47/48 | €21,202 | €71,222 | +€50,021 | +236% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,865 | €5,198 | -€5,667 | -52.2% |
| Other operating charges | 640/8 | €1,126 | - | -€1,126 | |
| Gross operating margin | 9900 | €105,253 | €33,321 | -€71,931 | -68.3% |
| Operating profit (loss) | 9901 | €93,262 | €28,123 | -€65,138 | -69.8% |
| Financial income | 75/76B | €9,682 | - | -€9,682 | |
| Recurring financial income | 75 | €9,682 | - | -€9,682 | |
| Financial charges | 65/66B | €69 | - | -€69 | |
| Recurring financial charges | 65 | €69 | - | -€69 | |
| Profit (loss) for the period before taxes | 9903 | €102,875 | €28,123 | -€74,752 | -72.7% |
| Profit (loss) for the period | 9904 | €102,875 | €28,123 | -€74,752 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,875 | €28,123 | -€74,752 | -72.7% |
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 28 October 2026 via checked.be.