AD Vitam Corp: 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.
AD Vitam Corp
Largest movements
- Stocks and contracts +€9,806
new in 2025: €9,806
- Receivables within one year -€4,449
down €4,449 (-28.8%), from €15,423 to €10,974
of which Trade receivables: -€4,151
- Tangible fixed assets -€4,079
down €4,079 (-12.6%), from €32,498 to €28,420
of which Other tangible fixed assets: -€3,197
- Cash +€4,058
up €4,058 (+35.0%), from €11,605 to €15,663
mainly Net result for the year (+€44,822) and Other debts (+€14,593)
- Receivables after one year +€2,056
up €2,056 (+1.9%), from €107,269 to €109,325
- Profit (loss) carried forward +€44,822
up €44,822 (+111%), from €40,394 to €85,216
- Provisions -€35,200
down €35,200 (-100%), from €35,200 to €0
- Trade debts -€20,494
down €20,494 (-40.4%), from €50,730 to €30,236
of which Suppliers: -€20,494
- Other debts +€14,593
up €14,593 (+1,752%), from €833 to €15,426
- Debts after one year +€12,427
new in 2025: €12,427
- Provisions -€70,400
down €70,400, from €35,200 to -€35,200
- Financial charges +€44,728
up €44,728 (+5,394%), from €829 to €45,557
- Gross operating margin +€17,071
up €17,071 (+33.0%), from €51,756 to €68,827
- Other operating charges -€7,072
down €7,072 (-74.4%), from €9,507 to €2,435
- Depreciation -€6,257
down €6,257 (-60.5%), from €10,335 to €4,079
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 | €166,896 | €174,187 | +€7,291 | +4.4% |
| Fixed assets | 21/28 | €32,498 | €28,420 | -€4,079 | -12.6% |
| Tangible fixed assets | 22/27 | €32,498 | €28,420 | -€4,079 | -12.6% |
| Furniture and vehicles | 24 | €881 | €0 | -€881 | -100% |
| Other tangible fixed assets | 26 | €31,617 | €28,420 | -€3,197 | -10.1% |
| Current assets | 29/58 | €134,398 | €145,768 | +€11,370 | +8.5% |
| Amounts receivable after more than one year | 29 | €107,269 | €109,325 | +€2,056 | +1.9% |
| Other amounts receivable | 291 | €107,269 | €109,325 | +€2,056 | +1.9% |
| Stocks and contracts in progress | 3 | - | €9,806 | +€9,806 | |
| Stocks | 30/36 | - | €9,806 | +€9,806 | |
| Amounts receivable within one year | 40/41 | €15,423 | €10,974 | -€4,449 | -28.8% |
| Trade receivables | 40 | €15,125 | €10,974 | -€4,151 | -27.4% |
| Other amounts receivable | 41 | €298 | €0 | -€298 | -100% |
| Cash at bank and in hand | 54/58 | €11,605 | €15,663 | +€4,058 | +35.0% |
| Deferred charges and accrued income | 490/1 | €102 | €0 | -€102 | -100% |
| Total equity and liabilities | 10/49 | €166,896 | €174,187 | +€7,291 | +4.4% |
| Equity | 10/15 | €41,394 | €86,216 | +€44,822 | +108% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,394 | €85,216 | +€44,822 | +111% |
| Provisions and deferred taxes | 16 | €35,200 | €0 | -€35,200 | -100% |
| Provisions for liabilities and charges | 160/5 | €35,200 | €0 | -€35,200 | -100% |
| Other liabilities and charges | 164/5 | €35,200 | €0 | -€35,200 | -100% |
| Amounts payable | 17/49 | €90,303 | €87,972 | -€2,331 | -2.6% |
| Amounts payable after more than one year | 17 | - | €12,427 | +€12,427 | |
| Financial debts | 170/4 | - | €12,427 | +€12,427 | |
| Amounts payable within one year | 42/48 | €90,303 | €74,745 | -€15,558 | -17.2% |
| Trade debts | 44 | €50,730 | €30,236 | -€20,494 | -40.4% |
| Suppliers | 440/4 | €50,730 | €30,236 | -€20,494 | -40.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €38,740 | €29,083 | -€9,657 | -24.9% |
| Taxes | 450/3 | €38,740 | €29,083 | -€9,657 | -24.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €833 | €15,426 | +€14,593 | +1,752% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,335 | €4,079 | -€6,257 | -60.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,200 | -€35,200 | -€70,400 | |
| Other operating charges | 640/8 | €9,507 | €2,435 | -€7,072 | -74.4% |
| Gross operating margin | 9900 | €51,756 | €68,827 | +€17,071 | +33.0% |
| Operating profit (loss) | 9901 | -€3,286 | €97,514 | +€100,799 | |
| Financial income | 75/76B | €2,067 | €2,086 | +€18 | +0.9% |
| Recurring financial income | 75 | €2,067 | €2,086 | +€18 | +0.9% |
| Financial charges | 65/66B | €829 | €45,557 | +€44,728 | +5,394% |
| Recurring financial charges | 65 | €829 | €45,557 | +€44,728 | +5,394% |
| Profit (loss) for the period before taxes | 9903 | -€2,048 | €54,042 | +€56,090 | |
| Income taxes | 67/77 | €9,073 | €9,220 | +€147 | +1.6% |
| Profit (loss) for the period | 9904 | -€11,121 | €44,822 | +€55,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,121 | €44,822 | +€55,943 |
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 19 October 2026 via checked.be.