Vega Projects: 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 Projects
Largest movements
- Cash -€33,619
down €33,619 (-99.4%), from €33,836 to €218
mainly Trade debts (-€32,618) and Net result for the year (-€14,089)
- Receivables within one year -€5,670
down €5,670 (-40.0%), from €14,165 to €8,495
of which Trade receivables: -€10,931
- Trade debts -€32,618
down €32,618 (-97.9%), from €33,313 to €696
- Profit (loss) carried forward -€14,089
down €14,089, from €3,607 to -€10,481
- Other debts +€7,354
up €7,354 (+176.0%), from €4,178 to €11,533
- Gross operating margin -€29,280
down €29,280, from €16,043 to -€13,236
- Taxes -€902
down €902 (-100.0%), from €902 to €0
- Other operating charges -€387
down €387 (-70.5%), from €549 to €162
- Financial charges +€210
up €210 (+42.2%), from €498 to €708
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 | €48,001 | €8,713 | -€39,288 | -81.8% |
| Current assets | 29/58 | €48,001 | €8,713 | -€39,288 | -81.8% |
| Amounts receivable within one year | 40/41 | €14,165 | €8,495 | -€5,670 | -40.0% |
| Trade receivables | 40 | €10,931 | €0 | -€10,931 | -100.0% |
| Other amounts receivable | 41 | €3,234 | €8,495 | +€5,261 | +162.7% |
| Cash at bank and in hand | 54/58 | €33,836 | €218 | -€33,619 | -99.4% |
| Total equity and liabilities | 10/49 | €48,001 | €8,713 | -€39,288 | -81.8% |
| Equity | 10/15 | €9,607 | -€4,481 | -€14,089 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,607 | -€10,481 | -€14,089 | |
| Amounts payable | 17/49 | €38,394 | €13,194 | -€25,199 | -65.6% |
| Amounts payable within one year | 42/48 | €38,394 | €13,194 | -€25,199 | -65.6% |
| Financial debts | 43 | - | €64 | +€64 | |
| Credit institutions | 430/8 | - | €64 | +€64 | |
| Trade debts | 44 | €33,313 | €696 | -€32,618 | -97.9% |
| Suppliers | 440/4 | €33,313 | €696 | -€32,618 | -97.9% |
| Taxes, remuneration and social security | 45 | €902 | €902 | = | 0.0% |
| Taxes | 450/3 | €902 | €902 | = | 0.0% |
| Other amounts payable | 47/48 | €4,178 | €11,533 | +€7,354 | +176.0% |
| Other operating charges | 640/8 | €549 | €162 | -€387 | -70.5% |
| Gross operating margin | 9900 | €16,043 | -€13,236 | -€29,280 | |
| Operating profit (loss) | 9901 | €15,494 | -€13,398 | -€28,892 | |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €498 | €708 | +€210 | +42.2% |
| Recurring financial charges | 65 | €498 | €708 | +€210 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €14,996 | -€14,089 | -€29,084 | |
| Income taxes | 67/77 | €902 | €0 | -€902 | -100.0% |
| Profit (loss) for the period | 9904 | €14,094 | -€14,089 | -€28,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,094 | -€14,089 | -€28,183 |
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 12 October 2026 via checked.be.