VEXTOR: 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.
VEXTOR
Largest movements
- Tangible fixed assets +€48,662
up €48,662 (+432%), from €11,268 to €59,931
- Cash +€22,471
up €22,471 (+46.2%), from €48,649 to €71,119
mainly Other debts (+€60,069) and Net result for the year (+€40,161)
- Other debts +€60,069
up €60,069 (+206%), from €29,224 to €89,293
- Reserves -€30,839
down €30,839 (-83.7%), from €36,846 to €6,006
- Debts after one year +€21,764
new in 2025: €21,764
- Short-term financial debts +€11,374
new in 2025: €11,374
- Tax, wage and social debts +€7,851
up €7,851 (+485%), from €1,617 to €9,468
of which Taxes: +€6,351
- Gross operating margin +€20,367
up €20,367 (+52.0%), from €39,185 to €59,553
- Taxes +€4,305
up €4,305 (+58.1%), from €7,413 to €11,718
- Depreciation +€3,208
up €3,208 (+94.9%), from €3,379 to €6,588
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 | €70,411 | €141,229 | +€70,818 | +101% |
| Fixed assets | 21/28 | €11,268 | €59,931 | +€48,662 | +432% |
| Tangible fixed assets | 22/27 | €11,268 | €59,931 | +€48,662 | +432% |
| Furniture and vehicles | 24 | €11,268 | €59,931 | +€48,662 | +432% |
| Current assets | 29/58 | €59,142 | €81,298 | +€22,156 | +37.5% |
| Amounts receivable within one year | 40/41 | €752 | €1,783 | +€1,031 | +137% |
| Other amounts receivable | 41 | €752 | €1,783 | +€1,031 | +137% |
| Cash at bank and in hand | 54/58 | €48,649 | €71,119 | +€22,471 | +46.2% |
| Deferred charges and accrued income | 490/1 | €9,742 | €8,396 | -€1,346 | -13.8% |
| Total equity and liabilities | 10/49 | €70,411 | €141,229 | +€70,818 | +101% |
| Equity | 10/15 | €39,346 | €8,506 | -€30,839 | -78.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €36,846 | €6,006 | -€30,839 | -83.7% |
| Distributable reserves | 133 | €36,846 | €6,006 | -€30,839 | -83.7% |
| Amounts payable | 17/49 | €31,065 | €132,722 | +€101,657 | +327% |
| Amounts payable after more than one year | 17 | - | €21,764 | +€21,764 | |
| Financial debts | 170/4 | - | €21,764 | +€21,764 | |
| Amounts payable within one year | 42/48 | €31,049 | €110,942 | +€79,893 | +257% |
| Financial debts | 43 | - | €11,374 | +€11,374 | |
| Credit institutions | 430/8 | - | €11,374 | +€11,374 | |
| Trade debts | 44 | €208 | €808 | +€600 | +289% |
| Suppliers | 440/4 | €208 | €808 | +€600 | +289% |
| Taxes, remuneration and social security | 45 | €1,617 | €9,468 | +€7,851 | +485% |
| Taxes | 450/3 | €1,617 | €7,968 | +€6,351 | +393% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €29,224 | €89,293 | +€60,069 | +206% |
| Accrued charges and deferred income | 492/3 | €16 | €16 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €6,588 | +€3,208 | +94.9% |
| Other operating charges | 640/8 | €247 | €435 | +€188 | +76.1% |
| Gross operating margin | 9900 | €39,185 | €59,553 | +€20,367 | +52.0% |
| Operating profit (loss) | 9901 | €35,559 | €52,530 | +€16,971 | +47.7% |
| Financial charges | 65/66B | €224 | €651 | +€427 | +191% |
| Recurring financial charges | 65 | €224 | €651 | +€427 | +191% |
| Profit (loss) for the period before taxes | 9903 | €35,335 | €51,879 | +€16,544 | +46.8% |
| Income taxes | 67/77 | €7,413 | €11,718 | +€4,305 | +58.1% |
| Profit (loss) for the period | 9904 | €27,922 | €40,161 | +€12,238 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,922 | €40,161 | +€12,238 | +43.8% |
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.