VEGA SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets -€28,006
down €28,006 (-8.8%), from €319,920 to €291,914
- Receivables within one year +€10,057
up €10,057 (+42.7%), from €23,557 to €33,614
of which Trade receivables: +€6,713
- Profit (loss) carried forward -€42,112
down €42,112 (-47.0%), from -€89,648 to -€131,760
- Debts after one year +€35,460
up €35,460 (+11.1%), from €319,867 to €355,327
- Trade debts -€6,197
down €6,197 (-33.3%), from €18,591 to €12,394
- Tax, wage and social debts -€4,606
down €4,606 (-99.8%), from €4,615 to €9
- Accrued charges and deferred income -€4,040
down €4,040 (-57.4%), from €7,040 to €3,000
- Taxes +€32,766
up €32,766 (+314.2%), from €10,430 to €43,196
- Gross operating margin -€23,196
down €23,196 (-42.5%), from €54,536 to €31,340
- Other operating charges +€1,387
up €1,387 (+258.3%), from €537 to €1,924
- Financial charges -€1,288
down €1,288 (-75.5%), from €1,707 to €419
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 | €368,393 | €346,898 | -€21,495 | -5.8% |
| Fixed assets | 21/28 | €320,010 | €292,004 | -€28,006 | -8.8% |
| Tangible fixed assets | 22/27 | €319,920 | €291,914 | -€28,006 | -8.8% |
| Land and buildings | 22 | €189,351 | €184,203 | -€5,148 | -2.7% |
| Plant, machinery and equipment | 23 | €85,991 | €76,898 | -€9,093 | -10.6% |
| Furniture and vehicles | 24 | €44,578 | €30,813 | -€13,765 | -30.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €48,383 | €54,894 | +€6,511 | +13.5% |
| Amounts receivable within one year | 40/41 | €23,557 | €33,614 | +€10,057 | +42.7% |
| Trade receivables | 40 | €18,039 | €24,752 | +€6,713 | +37.2% |
| Other amounts receivable | 41 | €5,518 | €8,863 | +€3,345 | +60.6% |
| Cash at bank and in hand | 54/58 | €23,694 | €20,194 | -€3,500 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,086 | -€46 | -4.1% |
| Total equity and liabilities | 10/49 | €368,393 | €346,898 | -€21,495 | -5.8% |
| Equity | 10/15 | €18,280 | -€23,832 | -€42,112 | |
| Contributions | 10/11 | €6,200 | €6,200 | -€0 | 0.0% |
| Reserves | 13 | €101,728 | €101,728 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,868 | €99,868 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€89,648 | -€131,760 | -€42,112 | -47.0% |
| Amounts payable | 17/49 | €350,113 | €370,731 | +€20,618 | +5.9% |
| Amounts payable after more than one year | 17 | €319,867 | €355,327 | +€35,460 | +11.1% |
| Other amounts payable | 178/9 | €319,867 | €355,327 | +€35,460 | +11.1% |
| Amounts payable within one year | 42/48 | €23,206 | €12,403 | -€10,803 | -46.6% |
| Trade debts | 44 | €18,591 | €12,394 | -€6,197 | -33.3% |
| Suppliers | 440/4 | €18,591 | €12,394 | -€6,197 | -33.3% |
| Taxes, remuneration and social security | 45 | €4,615 | €9 | -€4,606 | -99.8% |
| Taxes | 450/3 | €4,615 | €9 | -€4,606 | -99.8% |
| Accrued charges and deferred income | 492/3 | €7,040 | €3,000 | -€4,040 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,541 | €28,005 | -€536 | -1.9% |
| Other operating charges | 640/8 | €537 | €1,924 | +€1,387 | +258.3% |
| Gross operating margin | 9900 | €54,536 | €31,340 | -€23,196 | -42.5% |
| Operating profit (loss) | 9901 | €25,458 | €1,410 | -€24,048 | -94.5% |
| Financial income | 75/76B | €151 | €93 | -€58 | -38.3% |
| Recurring financial income | 75 | €151 | €93 | -€58 | -38.3% |
| Financial charges | 65/66B | €1,707 | €419 | -€1,288 | -75.5% |
| Recurring financial charges | 65 | €1,707 | €419 | -€1,288 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €23,902 | €1,084 | -€22,818 | -95.5% |
| Income taxes | 67/77 | €10,430 | €43,196 | +€32,766 | +314.2% |
| Profit (loss) for the period | 9904 | €13,472 | -€42,112 | -€55,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,472 | -€42,112 | -€55,584 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.