VORTEX M.I: 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.
VORTEX M.I
Largest movements
- Cash +€4,239
up €4,239 (+195%), from €2,176 to €6,415
mainly Receivables within one year (+€4,037) and Tax, wage and social debts (+€3,964)
- Receivables within one year -€4,037
down €4,037 (-76.2%), from €5,300 to €1,263
- Deferred charges and accrued income +€1,645
up €1,645 (+265%), from €621 to €2,267
- Trade debts -€5,446
down €5,446 (-100%), from €5,446 to €0
- Tax, wage and social debts +€3,964
up €3,964 (+194%), from €2,048 to €6,012
- Profit (loss) carried forward +€1,899
up €1,899 (+42.9%), from -€4,429 to -€2,530
- Advances received +€1,430
new in 2025: €1,430
- Gross operating margin +€5,348
up €5,348 (+567%), from €944 to €6,292
- Taxes +€2,462
up €2,462 (+372%), from €661 to €3,123
- Other operating charges +€863
up €863 (+686%), from €126 to €989
- Financial charges +€211
up €211 (+298%), from €71 to €281
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 | €10,847 | €12,694 | +€1,847 | +17.0% |
| Fixed assets | 21/28 | €2,750 | €2,750 | = | 0.0% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €8,097 | €9,944 | +€1,847 | +22.8% |
| Amounts receivable within one year | 40/41 | €5,300 | €1,263 | -€4,037 | -76.2% |
| Trade receivables | 40 | €5,300 | €1,263 | -€4,037 | -76.2% |
| Cash at bank and in hand | 54/58 | €2,176 | €6,415 | +€4,239 | +195% |
| Deferred charges and accrued income | 490/1 | €621 | €2,267 | +€1,645 | +265% |
| Total equity and liabilities | 10/49 | €10,847 | €12,694 | +€1,847 | +17.0% |
| Equity | 10/15 | €3,353 | €5,252 | +€1,899 | +56.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,581 | €1,581 | = | 0.0% |
| Distributable reserves | 133 | €1,581 | €1,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,429 | -€2,530 | +€1,899 | +42.9% |
| Amounts payable | 17/49 | €7,494 | €7,442 | -€52 | -0.7% |
| Amounts payable within one year | 42/48 | €7,494 | €7,442 | -€52 | -0.7% |
| Trade debts | 44 | €5,446 | €0 | -€5,446 | -100% |
| Suppliers | 440/4 | €5,446 | €0 | -€5,446 | -100% |
| Advances received on contracts in progress | 46 | - | €1,430 | +€1,430 | |
| Taxes, remuneration and social security | 45 | €2,048 | €6,012 | +€3,964 | +194% |
| Taxes | 450/3 | €2,048 | €6,012 | +€3,964 | +194% |
| Other operating charges | 640/8 | €126 | €989 | +€863 | +686% |
| Gross operating margin | 9900 | €944 | €6,292 | +€5,348 | +567% |
| Operating profit (loss) | 9901 | €818 | €5,303 | +€4,485 | +548% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €71 | €281 | +€211 | +298% |
| Recurring financial charges | 65 | €71 | €281 | +€211 | +298% |
| Profit (loss) for the period before taxes | 9903 | €747 | €5,022 | +€4,275 | +572% |
| Income taxes | 67/77 | €661 | €3,123 | +€2,462 | +372% |
| Profit (loss) for the period | 9904 | €86 | €1,899 | +€1,813 | +2,107% |
| Profit (loss) for the period to be appropriated | 9905 | €86 | €1,899 | +€1,813 | +2,107% |
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 23 October 2026 via checked.be.