VEKTORIZE: 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.
VEKTORIZE
Largest movements
- Tangible fixed assets -€650
down €650 (-87.5%), from €743 to €93
- Receivables within one year +€367
up €367 (+29.7%), from €1,237 to €1,604
of which Other amounts receivable: +€367
- Stocks and contracts -€101
down €101 (-20.6%), from €491 to €390
- Formation expenses -€77
no longer reported in 2025 (was €77)
- Cash -€57
down €57 (-12.9%), from €441 to €385
mainly Net result for the year (-€3,469) and Receivables within one year (-€367)
- Profit (loss) carried forward -€3,469
down €3,469 (-15.3%), from -€22,653 to -€26,122
- Other debts +€2,700
up €2,700 (+19.5%), from €13,834 to €16,534
- Trade debts +€252
up €252 (+625.6%), from €40 to €292
- Depreciation -€380
down €380 (-34.3%), from €1,107 to €727
- Gross operating margin -€69
down €69 (-3.2%), from -€2,160 to -€2,229
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 | €2,989 | €2,471 | -€518 | -17.3% |
| Formation expenses | 20 | €77 | - | -€77 | |
| Fixed assets | 21/28 | €743 | €93 | -€650 | -87.5% |
| Tangible fixed assets | 22/27 | €743 | €93 | -€650 | -87.5% |
| Plant, machinery and equipment | 23 | €743 | €93 | -€650 | -87.5% |
| Current assets | 29/58 | €2,169 | €2,378 | +€209 | +9.6% |
| Stocks and contracts in progress | 3 | €491 | €390 | -€101 | -20.6% |
| Stocks | 30/36 | €491 | €390 | -€101 | -20.6% |
| Amounts receivable within one year | 40/41 | €1,237 | €1,604 | +€367 | +29.7% |
| Trade receivables | 40 | €96 | €96 | = | 0.0% |
| Other amounts receivable | 41 | €1,142 | €1,509 | +€367 | +32.1% |
| Cash at bank and in hand | 54/58 | €441 | €385 | -€57 | -12.9% |
| Total equity and liabilities | 10/49 | €2,989 | €2,471 | -€518 | -17.3% |
| Equity | 10/15 | -€10,885 | -€14,354 | -€3,469 | -31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,768 | €6,768 | = | 0.0% |
| Distributable reserves | 133 | €6,768 | €6,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,653 | -€26,122 | -€3,469 | -15.3% |
| Amounts payable | 17/49 | €13,874 | €16,825 | +€2,952 | +21.3% |
| Amounts payable within one year | 42/48 | €13,874 | €16,825 | +€2,952 | +21.3% |
| Trade debts | 44 | €40 | €292 | +€252 | +625.6% |
| Suppliers | 440/4 | €40 | €292 | +€252 | +625.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,834 | €16,534 | +€2,700 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,107 | €727 | -€380 | -34.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,160 | -€2,229 | -€69 | -3.2% |
| Operating profit (loss) | 9901 | -€3,654 | -€3,355 | +€298 | +8.2% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €124 | €114 | -€10 | -8.0% |
| Recurring financial charges | 65 | €124 | €114 | -€10 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,758 | -€3,469 | +€288 | +7.7% |
| Profit (loss) for the period | 9904 | -€3,758 | -€3,469 | +€288 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,758 | -€3,469 | +€288 | +7.7% |
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 2 October 2026 via checked.be.