VEXX STUDIOS: 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.
VEXX STUDIOS
Largest movements
- Tangible fixed assets +€150,515
up €150,515 (+18.7%), from €803,964 to €954,479
of which Land and buildings: +€78,455
- Receivables within one year -€48,493
down €48,493 (-26.1%), from €185,564 to €137,071
of which Other amounts receivable: -€82,508
- Financial fixed assets -€26,800
down €26,800 (-100%), from €26,800 to €0
- Profit (loss) carried forward +€95,065
up €95,065 (+11.7%), from €814,325 to €909,390
- Tax, wage and social debts -€61,236
down €61,236 (-60.9%), from €100,489 to €39,253
- Current portion of long-term debt +€53,845
up €53,845 (+346%), from €15,559 to €69,404
- Debts after one year +€50,098
up €50,098 (+12.0%), from €417,853 to €467,950
- Other debts -€47,721
down €47,721 (-100%), from €47,721 to €0
- Gross operating margin +€33,800
up €33,800 (+18.0%), from €187,559 to €221,359
- Financial charges +€24,450
up €24,450 (+84.6%), from €28,901 to €53,351
of which Financial charges: +€29,553
- Other operating charges +€18,124
up €18,124 (+617%), from €2,936 to €21,060
- Financial income -€12,972
down €12,972 (-48.4%), from €26,800 to €13,828
of which Financial income: -€9,224
- Taxes -€5,816
down €5,816 (-15.0%), from €38,823 to €33,007
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.
Derived cash bridge
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 | €1,446,803 | €1,517,791 | +€70,989 | +4.9% |
| Fixed assets | 21/28 | €836,730 | €958,890 | +€122,159 | +14.6% |
| Intangible fixed assets | 21 | €5,966 | €4,411 | -€1,556 | -26.1% |
| Tangible fixed assets | 22/27 | €803,964 | €954,479 | +€150,515 | +18.7% |
| Land and buildings | 22 | €770,956 | €849,411 | +€78,455 | +10.2% |
| Furniture and vehicles | 24 | €29,435 | €27,169 | -€2,266 | -7.7% |
| Other tangible fixed assets | 26 | €3,573 | €4,574 | +€1,001 | +28.0% |
| Assets under construction and advance payments | 27 | - | €73,325 | +€73,325 | |
| Financial fixed assets | 28 | €26,800 | €0 | -€26,800 | -100% |
| Current assets | 29/58 | €610,072 | €558,902 | -€51,170 | -8.4% |
| Amounts receivable within one year | 40/41 | €185,564 | €137,071 | -€48,493 | -26.1% |
| Trade receivables | 40 | €4,236 | €38,251 | +€34,015 | +803% |
| Other amounts receivable | 41 | €181,328 | €98,820 | -€82,508 | -45.5% |
| Current investments | 50/53 | €104,633 | €104,633 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €319,876 | €316,845 | -€3,031 | -0.9% |
| Deferred charges and accrued income | 490/1 | - | €354 | +€354 | |
| Total equity and liabilities | 10/49 | €1,446,803 | €1,517,791 | +€70,989 | +4.9% |
| Equity | 10/15 | €837,425 | €932,490 | +€95,065 | +11.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €814,325 | €909,390 | +€95,065 | +11.7% |
| Amounts payable | 17/49 | €609,378 | €585,301 | -€24,077 | -4.0% |
| Amounts payable after more than one year | 17 | €417,853 | €467,950 | +€50,098 | +12.0% |
| Financial debts | 170/4 | €417,853 | €467,950 | +€50,098 | +12.0% |
| Amounts payable within one year | 42/48 | €191,525 | €117,351 | -€74,174 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €15,559 | €69,404 | +€53,845 | +346% |
| Financial debts | 43 | - | €250 | +€250 | |
| Credit institutions | 430/8 | - | €250 | +€250 | |
| Trade debts | 44 | €27,756 | €8,443 | -€19,313 | -69.6% |
| Suppliers | 440/4 | €27,756 | €8,443 | -€19,313 | -69.6% |
| Taxes, remuneration and social security | 45 | €100,489 | €39,253 | -€61,236 | -60.9% |
| Taxes | 450/3 | €100,489 | €39,253 | -€61,236 | -60.9% |
| Other amounts payable | 47/48 | €47,721 | €0 | -€47,721 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,872 | €32,704 | +€832 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €2,936 | €21,060 | +€18,124 | +617% |
| Gross operating margin | 9900 | €187,559 | €221,359 | +€33,800 | +18.0% |
| Operating profit (loss) | 9901 | €152,751 | €167,595 | +€14,844 | +9.7% |
| Financial income | 75/76B | €26,800 | €13,828 | -€12,972 | -48.4% |
| Recurring financial income | 75 | €23,052 | €13,828 | -€9,224 | -40.0% |
| Non-recurring financial income | 76B | €3,748 | - | -€3,748 | |
| Financial charges | 65/66B | €28,901 | €53,351 | +€24,450 | +84.6% |
| Recurring financial charges | 65 | €23,797 | €53,351 | +€29,553 | +124% |
| Non-recurring financial charges | 66B | €5,104 | - | -€5,104 | |
| Profit (loss) for the period before taxes | 9903 | €150,650 | €128,072 | -€22,578 | -15.0% |
| Income taxes | 67/77 | €38,823 | €33,007 | -€5,816 | -15.0% |
| Profit (loss) for the period | 9904 | €111,827 | €95,065 | -€16,762 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,827 | €95,065 | -€16,762 | -15.0% |
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 24 October 2026 via checked.be.