Vekor Solutions: 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.
Vekor Solutions
Largest movements
- Receivables after one year -€80,000
no longer reported in 2025 (was €80,000)
- Receivables within one year +€34,022
up €34,022 (+168.6%), from €20,177 to €54,199
of which Trade receivables: +€32,932
- Cash -€17,790
down €17,790 (-61.4%), from €28,990 to €11,201
mainly Contributions, distributions and other (-€115,145) and Tax, wage and social debts (-€40,385)
- Tangible fixed assets +€6,883
up €6,883 (+97.3%), from €7,072 to €13,955
of which Other tangible fixed assets: +€4,261
- Tax, wage and social debts -€40,385
down €40,385 (-77.6%), from €52,073 to €11,688
- Other debts -€19,067
down €19,067 (-22.4%), from €85,150 to €66,083
- Trade debts +€2,845
up €2,845 (+462.5%), from €615 to €3,460
- Gross operating margin +€25,967
up €25,967 (+20.5%), from €126,579 to €152,547
- Taxes +€6,041
up €6,041 (+21.9%), from €27,621 to €33,662
- Financial income -€2,979
down €2,979 (-54.2%), from €5,500 to €2,521
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 | €140,126 | €83,519 | -€56,607 | -40.4% |
| Fixed assets | 21/28 | €7,072 | €13,955 | +€6,883 | +97.3% |
| Tangible fixed assets | 22/27 | €7,072 | €13,955 | +€6,883 | +97.3% |
| Plant, machinery and equipment | 23 | €2,658 | €5,280 | +€2,623 | +98.7% |
| Other tangible fixed assets | 26 | €4,414 | €8,675 | +€4,261 | +96.5% |
| Current assets | 29/58 | €133,054 | €69,564 | -€63,490 | -47.7% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 291 | €80,000 | - | -€80,000 | |
| Amounts receivable within one year | 40/41 | €20,177 | €54,199 | +€34,022 | +168.6% |
| Trade receivables | 40 | €20,168 | €53,100 | +€32,932 | +163.3% |
| Other amounts receivable | 41 | €9 | €1,099 | +€1,090 | +11876.4% |
| Cash at bank and in hand | 54/58 | €28,990 | €11,201 | -€17,790 | -61.4% |
| Deferred charges and accrued income | 490/1 | €3,887 | €4,164 | +€277 | +7.1% |
| Total equity and liabilities | 10/49 | €140,126 | €83,519 | -€56,607 | -40.4% |
| Equity | 10/15 | €2,288 | €2,288 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €288 | €288 | = | 0.0% |
| Distributable reserves | 133 | €288 | €288 | = | 0.0% |
| Amounts payable | 17/49 | €137,838 | €81,231 | -€56,607 | -41.1% |
| Amounts payable within one year | 42/48 | €137,838 | €81,231 | -€56,607 | -41.1% |
| Trade debts | 44 | €615 | €3,460 | +€2,845 | +462.5% |
| Suppliers | 440/4 | €615 | €3,460 | +€2,845 | +462.5% |
| Taxes, remuneration and social security | 45 | €52,073 | €11,688 | -€40,385 | -77.6% |
| Taxes | 450/3 | €52,073 | €11,688 | -€40,385 | -77.6% |
| Other amounts payable | 47/48 | €85,150 | €66,083 | -€19,067 | -22.4% |
| Non-recurring operating income | 76A | €944 | - | -€944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,809 | €2,772 | +€963 | +53.3% |
| Other operating charges | 640/8 | €1,101 | €1,703 | +€601 | +54.6% |
| Gross operating margin | 9900 | €126,579 | €152,547 | +€25,967 | +20.5% |
| Operating profit (loss) | 9901 | €123,669 | €148,072 | +€24,403 | +19.7% |
| Financial income | 75/76B | €5,500 | €2,521 | -€2,979 | -54.2% |
| Recurring financial income | 75 | €5,500 | €2,521 | -€2,979 | -54.2% |
| Financial charges | 65/66B | €2,836 | €1,786 | -€1,050 | -37.0% |
| Recurring financial charges | 65 | €2,836 | €1,786 | -€1,050 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €126,333 | €148,807 | +€22,474 | +17.8% |
| Income taxes | 67/77 | €27,621 | €33,662 | +€6,041 | +21.9% |
| Profit (loss) for the period | 9904 | €98,712 | €115,145 | +€16,433 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,712 | €115,145 | +€16,433 | +16.6% |
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 11 October 2026 via checked.be.