A VITRACO: 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.
A VITRACO
Largest movements
- Tangible fixed assets +€50,293
up €50,293 (+23.4%), from €215,358 to €265,651
of which Furniture and vehicles: +€74,706
- Cash -€37,613
down €37,613 (-59.6%), from €63,097 to €25,484
mainly Investment in fixed assets (net) (-€99,963) and Stocks and contracts (-€35,121)
- Stocks and contracts +€35,121
up €35,121 (+282%), from €12,456 to €47,577
- Tax, wage and social debts +€44,568
up €44,568 (+52.8%), from €84,379 to €128,947
of which Taxes: +€33,615
- Debts after one year -€13,642
down €13,642 (-11.4%), from €119,180 to €105,538
- Current portion of long-term debt +€12,588
up €12,588 (+131%), from €9,642 to €22,230
- Gross operating margin +€109,980
up €109,980 (+41.9%), from €262,608 to €372,588
- Taxes +€42,482
up €42,482 (+489%), from €8,680 to €51,161
- Staff costs +€20,628
up €20,628 (+11.0%), from €187,882 to €208,510
- Other operating charges +€20,369
up €20,369 (+90.3%), from €22,566 to €42,934
- Financial charges +€14,992
up €14,992 (+86.1%), from €17,412 to €32,404
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,061 | €885,406 | +€48,344 | +5.8% |
| Fixed assets | 21/28 | €218,238 | €268,531 | +€50,293 | +23.0% |
| Tangible fixed assets | 22/27 | €215,358 | €265,651 | +€50,293 | +23.4% |
| Land and buildings | 22 | €168,392 | €162,442 | -€5,950 | -3.5% |
| Plant, machinery and equipment | 23 | €35,874 | €17,411 | -€18,463 | -51.5% |
| Furniture and vehicles | 24 | €11,092 | €85,798 | +€74,706 | +673% |
| Financial fixed assets | 28 | €2,880 | €2,880 | = | 0.0% |
| Current assets | 29/58 | €618,823 | €616,875 | -€1,948 | -0.3% |
| Stocks and contracts in progress | 3 | €12,456 | €47,577 | +€35,121 | +282% |
| Stocks | 30/36 | €12,456 | €47,577 | +€35,121 | +282% |
| Amounts receivable within one year | 40/41 | €538,960 | €541,816 | +€2,857 | +0.5% |
| Trade receivables | 40 | €260,165 | €313,043 | +€52,877 | +20.3% |
| Other amounts receivable | 41 | €278,794 | €228,774 | -€50,020 | -17.9% |
| Cash at bank and in hand | 54/58 | €63,097 | €25,484 | -€37,613 | -59.6% |
| Deferred charges and accrued income | 490/1 | €4,310 | €1,998 | -€2,313 | -53.7% |
| Total equity and liabilities | 10/49 | €837,061 | €885,406 | +€48,344 | +5.8% |
| Equity | 10/15 | €163,643 | €162,611 | -€1,032 | -0.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,235 | €119,282 | +€1,047 | +0.9% |
| Investment grants | 15 | €24,948 | €22,869 | -€2,079 | -8.3% |
| Amounts payable | 17/49 | €673,419 | €722,795 | +€49,377 | +7.3% |
| Amounts payable after more than one year | 17 | €119,180 | €105,538 | -€13,642 | -11.4% |
| Financial debts | 170/4 | €119,180 | €105,538 | -€13,642 | -11.4% |
| Amounts payable within one year | 42/48 | €554,238 | €617,257 | +€63,019 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €9,642 | €22,230 | +€12,588 | +131% |
| Financial debts | 43 | €14 | €14 | = | 0.0% |
| Credit institutions | 430/8 | €14 | €14 | = | 0.0% |
| Trade debts | 44 | €460,203 | €466,066 | +€5,863 | +1.3% |
| Suppliers | 440/4 | €460,203 | €466,066 | +€5,863 | +1.3% |
| Taxes, remuneration and social security | 45 | €84,379 | €128,947 | +€44,568 | +52.8% |
| Taxes | 450/3 | €32,877 | €66,493 | +€33,615 | +102% |
| Remuneration and social security | 454/9 | €51,502 | €62,454 | +€10,952 | +21.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €187,882 | €208,510 | +€20,628 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,837 | €49,671 | +€14,834 | +42.6% |
| Other operating charges | 640/8 | €22,566 | €42,934 | +€20,369 | +90.3% |
| Gross operating margin | 9900 | €262,608 | €372,588 | +€109,980 | +41.9% |
| Operating profit (loss) | 9901 | €17,324 | €71,473 | +€54,149 | +313% |
| Financial income | 75/76B | €3,801 | €13,139 | +€9,338 | +246% |
| Recurring financial income | 75 | €3,801 | €13,139 | +€9,338 | +246% |
| Financial charges | 65/66B | €17,412 | €32,404 | +€14,992 | +86.1% |
| Recurring financial charges | 65 | €17,412 | €32,404 | +€14,992 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €3,713 | €52,208 | +€48,495 | +1,306% |
| Income taxes | 67/77 | €8,680 | €51,161 | +€42,482 | +489% |
| Profit (loss) for the period | 9904 | -€4,966 | €1,047 | +€6,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,966 | €1,047 | +€6,013 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.