Vektro 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.
Vektro Projects
Largest movements
- Receivables within one year +€15,166
up €15,166 (+58.8%), from €25,813 to €40,979
of which Other amounts receivable: +€38,341
- Cash -€1,957
down €1,957 (-97.8%), from €2,000 to €43
mainly Receivables within one year (-€15,166) and Trade debts (-€5,787)
- Formation expenses +€1,016
new in 2025: €1,016
- Profit (loss) carried forward +€12,533
up €12,533 (+123.2%), from €10,169 to €22,703
- Trade debts -€5,787
down €5,787 (-44.7%), from €12,953 to €7,166
- Tax, wage and social debts +€4,607
up €4,607 (+171.2%), from €2,691 to €7,297
- Short-term financial debts +€2,872
new in 2025: €2,872
- Gross operating margin +€6,347
up €6,347 (+48.6%), from €13,052 to €19,399
- Taxes +€1,516
up €1,516 (+56.9%), from €2,666 to €4,182
- Other operating charges +€1,151
new in 2025: €1,151
- Financial charges +€1,048
up €1,048 (+483.6%), from €217 to €1,265
- Depreciation +€268
new in 2025: €268
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 | €27,813 | €42,038 | +€14,225 | +51.1% |
| Formation expenses | 20 | - | €1,016 | +€1,016 | |
| Current assets | 29/58 | €27,813 | €41,022 | +€13,209 | +47.5% |
| Amounts receivable within one year | 40/41 | €25,813 | €40,979 | +€15,166 | +58.8% |
| Trade receivables | 40 | €25,511 | €2,336 | -€23,175 | -90.8% |
| Other amounts receivable | 41 | €302 | €38,643 | +€38,341 | +12681.7% |
| Cash at bank and in hand | 54/58 | €2,000 | €43 | -€1,957 | -97.8% |
| Total equity and liabilities | 10/49 | €27,813 | €42,038 | +€14,225 | +51.1% |
| Equity | 10/15 | €12,169 | €24,703 | +€12,533 | +103.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,169 | €22,703 | +€12,533 | +123.2% |
| Amounts payable | 17/49 | €15,644 | €17,335 | +€1,692 | +10.8% |
| Amounts payable within one year | 42/48 | €15,644 | €17,335 | +€1,692 | +10.8% |
| Financial debts | 43 | - | €2,872 | +€2,872 | |
| Credit institutions | 430/8 | - | €2,872 | +€2,872 | |
| Trade debts | 44 | €12,953 | €7,166 | -€5,787 | -44.7% |
| Suppliers | 440/4 | €12,953 | €7,166 | -€5,787 | -44.7% |
| Taxes, remuneration and social security | 45 | €2,691 | €7,297 | +€4,607 | +171.2% |
| Taxes | 450/3 | €2,691 | €7,297 | +€4,607 | +171.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €268 | +€268 | |
| Other operating charges | 640/8 | - | €1,151 | +€1,151 | |
| Gross operating margin | 9900 | €13,052 | €19,399 | +€6,347 | +48.6% |
| Operating profit (loss) | 9901 | €13,052 | €17,980 | +€4,928 | +37.8% |
| Financial charges | 65/66B | €217 | €1,265 | +€1,048 | +483.6% |
| Recurring financial charges | 65 | €217 | €1,265 | +€1,048 | +483.6% |
| Profit (loss) for the period before taxes | 9903 | €12,835 | €16,715 | +€3,880 | +30.2% |
| Income taxes | 67/77 | €2,666 | €4,182 | +€1,516 | +56.9% |
| Profit (loss) for the period | 9904 | €10,169 | €12,533 | +€2,364 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,169 | €12,533 | +€2,364 | +23.2% |
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 10 October 2026 via checked.be.