VEGA INT: 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 INT
Largest movements
- Cash -€56,037
down €56,037 (-65.8%), from €85,199 to €29,162
mainly Trade debts (-€57,505) and Tax, wage and social debts (-€27,506)
- Receivables within one year -€39,003
down €39,003 (-21.8%), from €178,849 to €139,846
of which Trade receivables: -€50,182
- Tangible fixed assets -€5,027
down €5,027 (-10.2%), from €49,222 to €44,195
of which Plant, machinery and equipment: -€4,527
- Trade debts -€57,505
down €57,505 (-91.1%), from €63,130 to €5,625
- Tax, wage and social debts -€27,506
down €27,506 (-85.3%), from €32,243 to €4,738
of which Taxes: -€31,241
- Debts after one year -€10,814
down €10,814 (-37.8%), from €28,606 to €17,791
- Short-term financial debts -€7,548
down €7,548 (-37.7%), from €20,000 to €12,452
- Profit (loss) carried forward +€4,205
up €4,205 (+4.6%), from €92,380 to €96,585
- Staff costs +€28,427
up €28,427 (+230%), from €12,375 to €40,802
- Gross operating margin +€14,083
up €14,083 (+34.4%), from €40,936 to €55,019
- Depreciation -€10,412
down €10,412 (-67.4%), from €15,439 to €5,027
- Taxes -€661
down €661 (-30.0%), from €2,207 to €1,546
- Other operating charges -€576
down €576 (-39.5%), from €1,459 to €883
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,764 | €217,085 | -€98,680 | -31.3% |
| Fixed assets | 21/28 | €51,172 | €46,145 | -€5,027 | -9.8% |
| Tangible fixed assets | 22/27 | €49,222 | €44,195 | -€5,027 | -10.2% |
| Plant, machinery and equipment | 23 | €11,885 | €7,358 | -€4,527 | -38.1% |
| Furniture and vehicles | 24 | €37,337 | €36,837 | -€500 | -1.3% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €264,592 | €170,940 | -€93,653 | -35.4% |
| Amounts receivable within one year | 40/41 | €178,849 | €139,846 | -€39,003 | -21.8% |
| Trade receivables | 40 | €132,598 | €82,416 | -€50,182 | -37.8% |
| Other amounts receivable | 41 | €46,251 | €57,430 | +€11,179 | +24.2% |
| Cash at bank and in hand | 54/58 | €85,199 | €29,162 | -€56,037 | -65.8% |
| Deferred charges and accrued income | 490/1 | €545 | €1,932 | +€1,387 | +255% |
| Total equity and liabilities | 10/49 | €315,764 | €217,085 | -€98,680 | -31.3% |
| Equity | 10/15 | €161,460 | €165,664 | +€4,205 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,879 | €62,879 | = | 0.0% |
| Distributable reserves | 133 | €62,879 | €62,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,380 | €96,585 | +€4,205 | +4.6% |
| Amounts payable | 17/49 | €154,305 | €51,420 | -€102,884 | -66.7% |
| Amounts payable after more than one year | 17 | €28,606 | €17,791 | -€10,814 | -37.8% |
| Financial debts | 170/4 | €28,606 | €17,791 | -€10,814 | -37.8% |
| Amounts payable within one year | 42/48 | €125,699 | €33,629 | -€92,070 | -73.2% |
| Current portion of amounts payable after more than one year | 42 | €10,326 | €10,814 | +€489 | +4.7% |
| Financial debts | 43 | €20,000 | €12,452 | -€7,548 | -37.7% |
| Credit institutions | 430/8 | €20,000 | €12,452 | -€7,548 | -37.7% |
| Trade debts | 44 | €63,130 | €5,625 | -€57,505 | -91.1% |
| Suppliers | 440/4 | €63,130 | €5,625 | -€57,505 | -91.1% |
| Taxes, remuneration and social security | 45 | €32,243 | €4,738 | -€27,506 | -85.3% |
| Taxes | 450/3 | €31,241 | - | -€31,241 | |
| Remuneration and social security | 454/9 | €1,002 | €4,738 | +€3,736 | +373% |
| Remuneration, social security and pensions | 62 | €12,375 | €40,802 | +€28,427 | +230% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,439 | €5,027 | -€10,412 | -67.4% |
| Other operating charges | 640/8 | €1,459 | €883 | -€576 | -39.5% |
| Gross operating margin | 9900 | €40,936 | €55,019 | +€14,083 | +34.4% |
| Operating profit (loss) | 9901 | €11,663 | €8,307 | -€3,356 | -28.8% |
| Financial income | 75/76B | €25 | €7 | -€18 | -72.5% |
| Recurring financial income | 75 | €25 | €7 | -€18 | -72.5% |
| Financial charges | 65/66B | €2,623 | €2,564 | -€59 | -2.3% |
| Recurring financial charges | 65 | €2,623 | €2,564 | -€59 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €9,065 | €5,750 | -€3,315 | -36.6% |
| Income taxes | 67/77 | €2,207 | €1,546 | -€661 | -30.0% |
| Profit (loss) for the period | 9904 | €6,858 | €4,205 | -€2,653 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,858 | €4,205 | -€2,653 | -38.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.